Borms: 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.
Borms
Largest movements
- Tangible fixed assets +€31,921
up €31,921 (+27.2%), from €117,416 to €149,337
- Cash +€27,479
up €27,479 (+79.8%), from €34,454 to €61,933
mainly Net result for the year (+€50,278) and Depreciation (+€26,016)
- Receivables within one year +€15,478
up €15,478 (+145.0%), from €10,675 to €26,153
of which Trade receivables: +€13,233
- Financial fixed assets +€5,000
up €5,000 (+47.6%), from €10,500 to €15,500
- Reserves +€46,064
new in 2025: €46,064
- Tax, wage and social debts +€25,510
up €25,510 (+762.1%), from €3,347 to €28,857
of which Taxes: +€26,175
- Debts after one year +€4,752
up €4,752 (+3.3%), from €141,938 to €146,690
- Profit (loss) carried forward +€4,215
up €4,215, from -€4,215 to €0
- Gross operating margin +€93,713
up €93,713 (+5755.6%), from €1,628 to €95,341
- Depreciation +€21,432
up €21,432 (+467.5%), from €4,584 to €26,016
- Taxes +€12,347
new in 2025: €12,347
- Financial charges +€2,790
up €2,790 (+221.6%), from €1,259 to €4,050
- Other operating charges +€2,650
new in 2025: €2,650
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 | €173,898 | €255,765 | +€81,867 | +47.1% |
| Fixed assets | 21/28 | €127,916 | €164,837 | +€36,921 | +28.9% |
| Tangible fixed assets | 22/27 | €117,416 | €149,337 | +€31,921 | +27.2% |
| Furniture and vehicles | 24 | €117,416 | €149,337 | +€31,921 | +27.2% |
| Financial fixed assets | 28 | €10,500 | €15,500 | +€5,000 | +47.6% |
| Current assets | 29/58 | €45,982 | €90,929 | +€44,946 | +97.7% |
| Amounts receivable within one year | 40/41 | €10,675 | €26,153 | +€15,478 | +145.0% |
| Trade receivables | 40 | €10,299 | €23,532 | +€13,233 | +128.5% |
| Other amounts receivable | 41 | €376 | €2,621 | +€2,245 | +596.8% |
| Cash at bank and in hand | 54/58 | €34,454 | €61,933 | +€27,479 | +79.8% |
| Deferred charges and accrued income | 490/1 | €854 | €2,843 | +€1,989 | +232.9% |
| Total equity and liabilities | 10/49 | €173,898 | €255,765 | +€81,867 | +47.1% |
| Equity | 10/15 | -€2,215 | €48,064 | +€50,278 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €46,064 | +€46,064 | |
| Distributable reserves | 133 | - | €46,064 | +€46,064 | |
| Profit (loss) carried forward | 14 | -€4,215 | €0 | +€4,215 | |
| Amounts payable | 17/49 | €176,113 | €207,702 | +€31,589 | +17.9% |
| Amounts payable after more than one year | 17 | €141,938 | €146,690 | +€4,752 | +3.3% |
| Financial debts | 170/4 | €141,938 | €146,690 | +€4,752 | +3.3% |
| Amounts payable within one year | 42/48 | €33,999 | €60,869 | +€26,869 | +79.0% |
| Current portion of amounts payable after more than one year | 42 | €24,406 | €25,248 | +€842 | +3.4% |
| Trade debts | 44 | €5,082 | €5,692 | +€610 | +12.0% |
| Suppliers | 440/4 | €5,082 | €5,692 | +€610 | +12.0% |
| Taxes, remuneration and social security | 45 | €3,347 | €28,857 | +€25,510 | +762.1% |
| Taxes | 450/3 | €2,682 | €28,857 | +€26,175 | +976.1% |
| Remuneration and social security | 454/9 | €666 | €0 | -€666 | -100.0% |
| Other amounts payable | 47/48 | €1,164 | €1,072 | -€92 | -7.9% |
| Accrued charges and deferred income | 492/3 | €176 | €143 | -€33 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,584 | €26,016 | +€21,432 | +467.5% |
| Other operating charges | 640/8 | - | €2,650 | +€2,650 | |
| Gross operating margin | 9900 | €1,628 | €95,341 | +€93,713 | +5755.6% |
| Operating profit (loss) | 9901 | -€2,956 | €66,675 | +€69,631 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,259 | €4,050 | +€2,790 | +221.6% |
| Recurring financial charges | 65 | €1,259 | €4,050 | +€2,790 | +221.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,215 | €62,625 | +€66,840 | |
| Income taxes | 67/77 | - | €12,347 | +€12,347 | |
| Profit (loss) for the period | 9904 | -€4,215 | €50,278 | +€54,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,215 | €50,278 | +€54,493 |
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 8 October 2026 via checked.be.