BORMATEC: 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.
BORMATEC
Largest movements
- Receivables within one year +€34,804
up €34,804 (+110.3%), from €31,556 to €66,360
of which Trade receivables: +€29,093
- Tangible fixed assets +€33,585
up €33,585 (+5.1%), from €653,049 to €686,634
of which Leasing and similar rights: +€59,700
- Stocks and contracts +€26,500
new in 2025: €26,500
- Cash -€13,170
no longer reported in 2025 (was €13,170)
mainly Investment in fixed assets (net) (-€94,161) and Receivables within one year (-€34,804)
- Other debts +€51,694
up €51,694 (+262.7%), from €19,675 to €71,369
- Profit (loss) carried forward +€41,087
up €41,087 (+45.5%), from €90,220 to €131,307
- Current portion of long-term debt +€34,584
new in 2025: €34,584
- Tax, wage and social debts -€29,041
down €29,041 (-96.3%), from €30,171 to €1,130
- Debts after one year -€20,005
down €20,005 (-3.6%), from €548,454 to €528,449
- Gross operating margin +€54,028
up €54,028 (+76.2%), from €70,924 to €124,952
- Depreciation +€19,000
up €19,000 (+45.7%), from €41,576 to €60,576
- Financial charges +€3,483
up €3,483 (+18.5%), from €18,819 to €22,302
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 | €697,775 | €782,646 | +€84,871 | +12.2% |
| Fixed assets | 21/28 | €653,049 | €686,634 | +€33,585 | +5.1% |
| Tangible fixed assets | 22/27 | €653,049 | €686,634 | +€33,585 | +5.1% |
| Land and buildings | 22 | €622,015 | €601,577 | -€20,438 | -3.3% |
| Plant, machinery and equipment | 23 | €17,374 | €23,789 | +€6,415 | +36.9% |
| Furniture and vehicles | 24 | €13,660 | €1,568 | -€12,092 | -88.5% |
| Leasing and similar rights | 25 | - | €59,700 | +€59,700 | |
| Current assets | 29/58 | €44,726 | €96,012 | +€51,286 | +114.7% |
| Stocks and contracts in progress | 3 | - | €26,500 | +€26,500 | |
| Stocks | 30/36 | - | €26,500 | +€26,500 | |
| Amounts receivable within one year | 40/41 | €31,556 | €66,360 | +€34,804 | +110.3% |
| Trade receivables | 40 | €31,556 | €60,649 | +€29,093 | +92.2% |
| Other amounts receivable | 41 | - | €5,711 | +€5,711 | |
| Cash at bank and in hand | 54/58 | €13,170 | - | -€13,170 | |
| Deferred charges and accrued income | 490/1 | - | €3,152 | +€3,152 | |
| Total equity and liabilities | 10/49 | €697,775 | €782,646 | +€84,871 | +12.2% |
| Equity | 10/15 | €92,220 | €133,307 | +€41,087 | +44.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,220 | €131,307 | +€41,087 | +45.5% |
| Amounts payable | 17/49 | €605,555 | €649,339 | +€43,784 | +7.2% |
| Amounts payable after more than one year | 17 | €548,454 | €528,449 | -€20,005 | -3.6% |
| Financial debts | 170/4 | €548,454 | €528,449 | -€20,005 | -3.6% |
| Amounts payable within one year | 42/48 | €57,101 | €120,890 | +€63,789 | +111.7% |
| Current portion of amounts payable after more than one year | 42 | - | €34,584 | +€34,584 | |
| Trade debts | 44 | €7,255 | €13,807 | +€6,552 | +90.3% |
| Suppliers | 440/4 | €7,255 | €13,807 | +€6,552 | +90.3% |
| Taxes, remuneration and social security | 45 | €30,171 | €1,130 | -€29,041 | -96.3% |
| Taxes | 450/3 | €30,171 | €1,130 | -€29,041 | -96.3% |
| Other amounts payable | 47/48 | €19,675 | €71,369 | +€51,694 | +262.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,576 | €60,576 | +€19,000 | +45.7% |
| Other operating charges | 640/8 | €363 | €987 | +€624 | +171.9% |
| Gross operating margin | 9900 | €70,924 | €124,952 | +€54,028 | +76.2% |
| Operating profit (loss) | 9901 | €28,985 | €63,389 | +€34,404 | +118.7% |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €18,819 | €22,302 | +€3,483 | +18.5% |
| Recurring financial charges | 65 | €18,819 | €22,302 | +€3,483 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €10,195 | €41,087 | +€30,892 | +303.0% |
| Profit (loss) for the period | 9904 | €10,195 | €41,087 | +€30,892 | +303.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,195 | €41,087 | +€30,892 | +303.0% |
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 10 October 2026 via checked.be.