BORMANS GILBERT: 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 GILBERT
Largest movements
- Receivables within one year -€87,934
down €87,934 (-11.2%), from €786,028 to €698,094
of which Trade receivables: -€55,950
- Tangible fixed assets +€38,044
up €38,044 (+103%), from €36,784 to €74,828
of which Furniture and vehicles: +€21,558
- Receivables after one year +€23,543
up €23,543 (+4.4%), from €529,484 to €553,027
- Cash +€15,661
up €15,661 (+65.9%), from €23,758 to €39,419
mainly Receivables within one year (+€87,934) and Net result for the year (+€71,993)
- Trade debts -€99,821
down €99,821 (-40.9%), from €243,955 to €144,134
- Reserves +€71,993
up €71,993 (+30.1%), from €239,035 to €311,028
of which Distributable reserves: +€71,993
- Gross operating margin +€60,347
up €60,347 (+27.5%), from €219,080 to €279,427
- Staff costs +€40,638
up €40,638 (+33.8%), from €120,068 to €160,706
- Taxes +€6,378
up €6,378 (+25.4%), from €25,077 to €31,455
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 | €1,500,843 | €1,490,086 | -€10,757 | -0.7% |
| Fixed assets | 21/28 | €138,649 | €176,693 | +€38,044 | +27.4% |
| Tangible fixed assets | 22/27 | €36,784 | €74,828 | +€38,044 | +103% |
| Land and buildings | 22 | €8,428 | €8,428 | = | 0.0% |
| Plant, machinery and equipment | 23 | €19,766 | €36,252 | +€16,486 | +83.4% |
| Furniture and vehicles | 24 | €8,590 | €30,148 | +€21,558 | +251% |
| Financial fixed assets | 28 | €101,865 | €101,865 | = | 0.0% |
| Current assets | 29/58 | €1,362,194 | €1,313,393 | -€48,801 | -3.6% |
| Amounts receivable after more than one year | 29 | €529,484 | €553,027 | +€23,543 | +4.4% |
| Other amounts receivable | 291 | €529,484 | €553,027 | +€23,543 | +4.4% |
| Stocks and contracts in progress | 3 | €21,263 | €19,760 | -€1,503 | -7.1% |
| Stocks | 30/36 | €10,763 | €10,010 | -€753 | -7.0% |
| Contracts in progress | 37 | €10,500 | €9,750 | -€750 | -7.1% |
| Amounts receivable within one year | 40/41 | €786,028 | €698,094 | -€87,934 | -11.2% |
| Trade receivables | 40 | €564,207 | €508,257 | -€55,950 | -9.9% |
| Other amounts receivable | 41 | €221,821 | €189,837 | -€31,984 | -14.4% |
| Cash at bank and in hand | 54/58 | €23,758 | €39,419 | +€15,661 | +65.9% |
| Deferred charges and accrued income | 490/1 | €1,661 | €3,093 | +€1,432 | +86.2% |
| Total equity and liabilities | 10/49 | €1,500,843 | €1,490,086 | -€10,757 | -0.7% |
| Equity | 10/15 | €1,108,922 | €1,180,915 | +€71,993 | +6.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €239,035 | €311,028 | +€71,993 | +30.1% |
| Non-distributable reserves | 130/1 | €3,098 | €3,098 | = | 0.0% |
| Legal reserve | 130 | €3,098 | €3,098 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €217,187 | €289,180 | +€71,993 | +33.1% |
| Profit (loss) carried forward | 14 | €808,387 | €808,387 | = | 0.0% |
| Amounts payable | 17/49 | €391,921 | €309,171 | -€82,750 | -21.1% |
| Amounts payable after more than one year | 17 | €27,019 | €30,900 | +€3,881 | +14.4% |
| Financial debts | 170/4 | €27,019 | €30,900 | +€3,881 | +14.4% |
| Amounts payable within one year | 42/48 | €364,902 | €278,271 | -€86,631 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €26,446 | €33,072 | +€6,626 | +25.1% |
| Trade debts | 44 | €243,955 | €144,134 | -€99,821 | -40.9% |
| Suppliers | 440/4 | €243,955 | €144,134 | -€99,821 | -40.9% |
| Advances received on contracts in progress | 46 | €70,038 | €72,000 | +€1,962 | +2.8% |
| Taxes, remuneration and social security | 45 | €24,463 | €29,065 | +€4,602 | +18.8% |
| Taxes | 450/3 | €17,682 | €24,061 | +€6,379 | +36.1% |
| Remuneration and social security | 454/9 | €6,781 | €5,004 | -€1,777 | -26.2% |
| Remuneration, social security and pensions | 62 | €120,068 | €160,706 | +€40,638 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,330 | €18,713 | +€1,383 | +8.0% |
| Other operating charges | 640/8 | €3,010 | €2,284 | -€726 | -24.1% |
| Gross operating margin | 9900 | €219,080 | €279,427 | +€60,347 | +27.5% |
| Operating profit (loss) | 9901 | €78,672 | €97,724 | +€19,052 | +24.2% |
| Financial income | 75/76B | €9,148 | €8,229 | -€919 | -10.0% |
| Recurring financial income | 75 | €9,148 | €8,229 | -€919 | -10.0% |
| Financial charges | 65/66B | €2,467 | €2,505 | +€38 | +1.5% |
| Recurring financial charges | 65 | €2,467 | €2,505 | +€38 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €85,353 | €103,448 | +€18,095 | +21.2% |
| Income taxes | 67/77 | €25,077 | €31,455 | +€6,378 | +25.4% |
| Profit (loss) for the period | 9904 | €60,276 | €71,993 | +€11,717 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,276 | €71,993 | +€11,717 | +19.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.