BORMACO: what changed
BORMACO
Largest movements
- Cash +€42,755
up €42,755 (+54.6%), from €78,361 to €121,116
mainly Net result for the year (+€54,326) and Other debts (+€3,809)
- Tangible fixed assets +€12,241
new in 2025: €12,241
- Receivables within one year +€1,815
up €1,815 (+17.6%), from €10,285 to €12,100
- Reserves +€118,000
new in 2025: €118,000
- Profit (loss) carried forward -€63,674
down €63,674 (-98.7%), from €64,541 to €867
- Other debts +€3,809
new in 2025: €3,809
- Gross operating margin -€12,326
down €12,326 (-15.2%), from €81,166 to €68,840
- Taxes -€2,419
down €2,419 (-15.0%), from €16,135 to €13,716
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,646 | €145,457 | +€56,811 | +64.1% |
| Fixed assets | 21/28 | - | €12,241 | +€12,241 | |
| Tangible fixed assets | 22/27 | - | €12,241 | +€12,241 | |
| Furniture and vehicles | 24 | - | €12,241 | +€12,241 | |
| Current assets | 29/58 | €88,646 | €133,216 | +€44,570 | +50.3% |
| Amounts receivable within one year | 40/41 | €10,285 | €12,100 | +€1,815 | +17.6% |
| Trade receivables | 40 | €10,285 | €12,100 | +€1,815 | +17.6% |
| Cash at bank and in hand | 54/58 | €78,361 | €121,116 | +€42,755 | +54.6% |
| Total equity and liabilities | 10/49 | €88,646 | €145,457 | +€56,811 | +64.1% |
| Equity | 10/15 | €68,141 | €122,467 | +€54,326 | +79.7% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | - | €118,000 | +€118,000 | |
| Distributable reserves | 133 | - | €118,000 | +€118,000 | |
| Profit (loss) carried forward | 14 | €64,541 | €867 | -€63,674 | -98.7% |
| Amounts payable | 17/49 | €20,505 | €22,990 | +€2,485 | +12.1% |
| Amounts payable within one year | 42/48 | €20,505 | €22,990 | +€2,485 | +12.1% |
| Trade debts | 44 | €848 | €727 | -€121 | -14.3% |
| Suppliers | 440/4 | €848 | €727 | -€121 | -14.3% |
| Taxes, remuneration and social security | 45 | €19,656 | €18,454 | -€1,203 | -6.1% |
| Taxes | 450/3 | €19,656 | €18,454 | -€1,203 | -6.1% |
| Other amounts payable | 47/48 | - | €3,809 | +€3,809 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €680 | +€680 | |
| Other operating charges | 640/8 | €422 | €66 | -€356 | -84.4% |
| Gross operating margin | 9900 | €81,166 | €68,840 | -€12,326 | -15.2% |
| Operating profit (loss) | 9901 | €80,744 | €68,095 | -€12,649 | -15.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €68 | €54 | -€14 | -20.8% |
| Recurring financial charges | 65 | €68 | €54 | -€14 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €80,677 | €68,041 | -€12,635 | -15.7% |
| Income taxes | 67/77 | €16,135 | €13,716 | -€2,419 | -15.0% |
| Profit (loss) for the period | 9904 | €64,541 | €54,326 | -€10,216 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,541 | €54,326 | -€10,216 | -15.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.