BORMANS JAN: what changed
Two fiscal 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 JAN
Largest movements
- Tangible fixed assets +€37,585
up €37,585 (+558.1%), from €6,734 to €44,319
of which Leasing and similar rights: +€42,720
- Stocks and contracts +€7,160
up €7,160 (+17.4%), from €41,102 to €48,262
- Cash -€3,928
down €3,928 (-89.4%), from €4,395 to €467
mainly Investment in fixed assets (net) (-€39,161) and Stocks and contracts (-€7,160)
- Debts after one year +€19,833
up €19,833 (+328.1%), from €6,045 to €25,878
- Reserves +€8,837
up €8,837 (+221.8%), from €3,984 to €12,821
of which Distributable reserves: +€8,837
- Short-term financial debts +€8,115
up €8,115 (+2772.5%), from €293 to €8,407
- Current portion of long-term debt +€5,110
new in 2025: €5,110
- Other debts -€3,661
down €3,661 (-13.1%), from €27,875 to €24,213
- Gross operating margin +€4,744
up €4,744 (+50.0%), from €9,490 to €14,234
- Depreciation -€3,290
down €3,290 (-67.6%), from €4,867 to €1,576
- Financial charges +€861
up €861 (+45.0%), from €1,916 to €2,777
- Taxes +€836
new in 2025: €836
- Financial income -€231
down €231 (-79.1%), from €292 to €61
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.
Cash bridge derived
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 | €53,226 | €95,039 | +€41,813 | +78.6% |
| Fixed assets | 21/28 | €6,734 | €44,319 | +€37,585 | +558.1% |
| Tangible fixed assets | 22/27 | €6,734 | €44,319 | +€37,585 | +558.1% |
| Plant, machinery and equipment | 23 | €1,311 | €1,599 | +€288 | +21.9% |
| Furniture and vehicles | 24 | €5,423 | €0 | -€5,423 | -100.0% |
| Leasing and similar rights | 25 | - | €42,720 | +€42,720 | |
| Current assets | 29/58 | €46,491 | €50,720 | +€4,228 | +9.1% |
| Stocks and contracts in progress | 3 | €41,102 | €48,262 | +€7,160 | +17.4% |
| Stocks | 30/36 | €41,102 | €48,262 | +€7,160 | +17.4% |
| Amounts receivable within one year | 40/41 | €553 | €1,250 | +€698 | +126.2% |
| Trade receivables | 40 | €460 | €1,237 | +€777 | +168.9% |
| Other amounts receivable | 41 | €93 | €14 | -€79 | -85.3% |
| Cash at bank and in hand | 54/58 | €4,395 | €467 | -€3,928 | -89.4% |
| Deferred charges and accrued income | 490/1 | €441 | €740 | +€299 | +67.7% |
| Total equity and liabilities | 10/49 | €53,226 | €95,039 | +€41,813 | +78.6% |
| Equity | 10/15 | €10,184 | €19,021 | +€8,837 | +86.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,984 | €12,821 | +€8,837 | +221.8% |
| Tax-exempt reserves | 132 | €215 | €215 | = | 0.0% |
| Distributable reserves | 133 | €3,769 | €12,606 | +€8,837 | +234.4% |
| Amounts payable | 17/49 | €43,041 | €76,018 | +€32,976 | +76.6% |
| Amounts payable after more than one year | 17 | €6,045 | €25,878 | +€19,833 | +328.1% |
| Financial debts | 170/4 | €6,045 | €25,878 | +€19,833 | +328.1% |
| Amounts payable within one year | 42/48 | €36,997 | €50,140 | +€13,144 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,110 | +€5,110 | |
| Financial debts | 43 | €293 | €8,407 | +€8,115 | +2772.5% |
| Credit institutions | 430/8 | €293 | €8,407 | +€8,115 | +2772.5% |
| Trade debts | 44 | €3,330 | €4,719 | +€1,389 | +41.7% |
| Suppliers | 440/4 | €3,330 | €4,719 | +€1,389 | +41.7% |
| Taxes, remuneration and social security | 45 | €5,500 | €7,691 | +€2,191 | +39.8% |
| Taxes | 450/3 | €5,500 | €7,691 | +€2,191 | +39.8% |
| Other amounts payable | 47/48 | €27,875 | €24,213 | -€3,661 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,867 | €1,576 | -€3,290 | -67.6% |
| Other operating charges | 640/8 | €273 | €269 | -€5 | -1.7% |
| Gross operating margin | 9900 | €9,490 | €14,234 | +€4,744 | +50.0% |
| Operating profit (loss) | 9901 | €4,351 | €12,389 | +€8,039 | +184.8% |
| Financial income | 75/76B | €292 | €61 | -€231 | -79.1% |
| Recurring financial income | 75 | €292 | €61 | -€231 | -79.1% |
| Financial charges | 65/66B | €1,916 | €2,777 | +€861 | +45.0% |
| Recurring financial charges | 65 | €1,916 | €2,777 | +€861 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €2,727 | €9,673 | +€6,947 | +254.8% |
| Income taxes | 67/77 | - | €836 | +€836 | |
| Profit (loss) for the period | 9904 | €2,727 | €8,837 | +€6,110 | +224.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,727 | €8,837 | +€6,110 | +224.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.