BORMES: 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.
BORMES
Largest movements
- Receivables within one year +€9,037
up €9,037 (+53.8%), from €16,791 to €25,828
of which Trade receivables: +€7,962
- Cash -€6,878
down €6,878 (-46.6%), from €14,752 to €7,874
mainly Tax, wage and social debts (-€9,999) and Receivables within one year (-€9,037)
- Deferred charges and accrued income -€485
down €485 (-81.1%), from €599 to €113
- Tangible fixed assets -€383
down €383 (-100.0%), from €383 to €0
of which Furniture and vehicles: -€383
- Profit (loss) carried forward +€15,338
up €15,338 (+66.4%), from -€23,114 to -€7,776
- Tax, wage and social debts -€9,999
down €9,999 (-36.6%), from €27,306 to €17,306
of which Remuneration and social security: -€7,523
- Trade debts -€4,048
down €4,048 (-85.1%), from €4,756 to €708
- Gross operating margin +€12,479
up €12,479 (+10.9%), from €114,186 to €126,666
- Staff costs +€4,978
up €4,978 (+4.8%), from €104,477 to €109,455
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.
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 | €32,525 | €33,816 | +€1,291 | +4.0% |
| Fixed assets | 21/28 | €383 | €0 | -€383 | -100.0% |
| Tangible fixed assets | 22/27 | €383 | €0 | -€383 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €383 | €0 | -€383 | -100.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €32,142 | €33,816 | +€1,674 | +5.2% |
| Amounts receivable within one year | 40/41 | €16,791 | €25,828 | +€9,037 | +53.8% |
| Trade receivables | 40 | €12,737 | €20,699 | +€7,962 | +62.5% |
| Other amounts receivable | 41 | €4,055 | €5,129 | +€1,075 | +26.5% |
| Cash at bank and in hand | 54/58 | €14,752 | €7,874 | -€6,878 | -46.6% |
| Deferred charges and accrued income | 490/1 | €599 | €113 | -€485 | -81.1% |
| Total equity and liabilities | 10/49 | €32,525 | €33,816 | +€1,291 | +4.0% |
| Equity | 10/15 | €464 | €15,802 | +€15,338 | +3309.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,978 | €4,978 | = | 0.0% |
| Distributable reserves | 133 | €4,978 | €4,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,114 | -€7,776 | +€15,338 | +66.4% |
| Amounts payable | 17/49 | €32,062 | €18,014 | -€14,048 | -43.8% |
| Amounts payable within one year | 42/48 | €32,062 | €18,014 | -€14,048 | -43.8% |
| Trade debts | 44 | €4,756 | €708 | -€4,048 | -85.1% |
| Suppliers | 440/4 | €4,756 | €708 | -€4,048 | -85.1% |
| Taxes, remuneration and social security | 45 | €27,306 | €17,306 | -€9,999 | -36.6% |
| Taxes | 450/3 | €4,954 | €2,477 | -€2,477 | -50.0% |
| Remuneration and social security | 454/9 | €22,352 | €14,829 | -€7,523 | -33.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €104,477 | €109,455 | +€4,978 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504 | - | -€504 | |
| Other operating charges | 640/8 | €922 | €1,253 | +€331 | +35.9% |
| Gross operating margin | 9900 | €114,186 | €126,666 | +€12,479 | +10.9% |
| Operating profit (loss) | 9901 | €8,283 | €15,957 | +€7,674 | +92.6% |
| Financial charges | 65/66B | €154 | €153 | -€1 | -0.7% |
| Recurring financial charges | 65 | €154 | €153 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €8,129 | €15,804 | +€7,675 | +94.4% |
| Income taxes | 67/77 | €286 | €466 | +€180 | +62.9% |
| Profit (loss) for the period | 9904 | €7,843 | €15,338 | +€7,495 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,843 | €15,338 | +€7,495 | +95.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.