BORMANS - COLSON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BORMANS - COLSON
Largest movements
- Tangible fixed assets +€278,809
up €278,809 (+3.6%), from €7.8m to €8.1m
of which Land and buildings: +€7.1m
- Cash -€191,252
down €191,252 (-53.1%), from €360,028 to €168,776
mainly Investment in fixed assets (net) (-€568,489) and Net result for the year (-€307,299)
- Other debts +€605,865
up €605,865 (+492%), from €123,169 to €729,034
- Profit (loss) carried forward -€307,299
down €307,299 (-46.3%), from -€663,546 to -€970,845
- Debts after one year -€174,901
down €174,901 (-2.4%), from €7.4m to €7.2m
- Depreciation +€143,302
up €143,302 (+97.9%), from €146,379 to €289,680
- Gross operating margin +€102,026
up €102,026 (+72.1%), from €141,417 to €243,442
- Financial charges -€89,264
down €89,264 (-38.7%), from €230,746 to €141,482
- Staff costs +€18,620
up €18,620 (+28.7%), from €64,799 to €83,419
- Other operating charges +€3,344
up €3,344 (+10.3%), from €32,516 to €35,859
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,147,826 | €8,236,559 | +€88,733 | +1.1% |
| Fixed assets | 21/28 | €7,771,598 | €8,050,407 | +€278,809 | +3.6% |
| Tangible fixed assets | 22/27 | €7,771,598 | €8,050,407 | +€278,809 | +3.6% |
| Land and buildings | 22 | €874,208 | €7,948,741 | +€7.1m | +809% |
| Plant, machinery and equipment | 23 | €9,818 | €4,706 | -€5,113 | -52.1% |
| Furniture and vehicles | 24 | €32,416 | €96,960 | +€64,545 | +199% |
| Assets under construction and advance payments | 27 | €6,855,156 | €0 | -€6.9m | -100% |
| Current assets | 29/58 | €376,228 | €186,152 | -€190,075 | -50.5% |
| Amounts receivable within one year | 40/41 | €1,232 | €900 | -€332 | -26.9% |
| Trade receivables | 40 | €900 | €900 | = | 0.0% |
| Other amounts receivable | 41 | €332 | €0 | -€332 | -100% |
| Cash at bank and in hand | 54/58 | €360,028 | €168,776 | -€191,252 | -53.1% |
| Deferred charges and accrued income | 490/1 | €14,969 | €16,477 | +€1,508 | +10.1% |
| Total equity and liabilities | 10/49 | €8,147,826 | €8,236,559 | +€88,733 | +1.1% |
| Equity | 10/15 | €286,319 | -€20,981 | -€307,299 | |
| Contributions | 10/11 | €932,000 | €932,000 | = | 0.0% |
| Capital | 10 | €932,000 | €932,000 | = | 0.0% |
| Issued capital | 100 | €932,000 | €932,000 | = | 0.0% |
| Reserves | 13 | €17,864 | €17,864 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,977 | €13,977 | = | 0.0% |
| Legal reserve | 130 | €13,977 | €13,977 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,887 | €3,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€663,546 | -€970,845 | -€307,299 | -46.3% |
| Amounts payable | 17/49 | €7,861,507 | €8,257,540 | +€396,032 | +5.0% |
| Amounts payable after more than one year | 17 | €7,386,126 | €7,211,226 | -€174,901 | -2.4% |
| Financial debts | 170/4 | €7,386,126 | €7,211,226 | -€174,901 | -2.4% |
| Amounts payable within one year | 42/48 | €437,815 | €1,013,801 | +€575,985 | +132% |
| Current portion of amounts payable after more than one year | 42 | €169,957 | €174,901 | +€4,944 | +2.9% |
| Trade debts | 44 | €135,758 | €97,473 | -€38,285 | -28.2% |
| Suppliers | 440/4 | €135,758 | €97,473 | -€38,285 | -28.2% |
| Taxes, remuneration and social security | 45 | €8,931 | €12,393 | +€3,462 | +38.8% |
| Taxes | 450/3 | €124 | €435 | +€311 | +252% |
| Remuneration and social security | 454/9 | €8,807 | €11,958 | +€3,151 | +35.8% |
| Other amounts payable | 47/48 | €123,169 | €729,034 | +€605,865 | +492% |
| Accrued charges and deferred income | 492/3 | €37,566 | €32,513 | -€5,053 | -13.4% |
| Remuneration, social security and pensions | 62 | €64,799 | €83,419 | +€18,620 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,379 | €289,680 | +€143,302 | +97.9% |
| Other operating charges | 640/8 | €32,516 | €35,859 | +€3,344 | +10.3% |
| Gross operating margin | 9900 | €141,417 | €243,442 | +€102,026 | +72.1% |
| Operating profit (loss) | 9901 | -€102,277 | -€165,516 | -€63,239 | -61.8% |
| Financial income | 75/76B | €1,634 | €30 | -€1,604 | -98.1% |
| Recurring financial income | 75 | €1,634 | €30 | -€1,604 | -98.1% |
| Financial charges | 65/66B | €230,746 | €141,482 | -€89,264 | -38.7% |
| Recurring financial charges | 65 | €230,746 | €141,482 | -€89,264 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | -€331,388 | -€306,968 | +€24,421 | +7.4% |
| Income taxes | 67/77 | - | €332 | +€332 | |
| Profit (loss) for the period | 9904 | -€331,388 | -€307,299 | +€24,089 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€331,388 | -€307,299 | +€24,089 | +7.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.