BORMS MANAGEMENT: 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.
BORMS MANAGEMENT
Largest movements
- Cash +€103,073
up €103,073 (+15.8%), from €652,995 to €756,068
mainly Other debts (+€76,352) and Net result for the year (+€48,410)
- Other debts +€76,352
up €76,352 (+13.3%), from €572,290 to €648,642
- Reserves +€19,795
up €19,795 (+11.9%), from €166,416 to €186,212
of which Distributable reserves: +€19,795
- Gross operating margin +€11,319
up €11,319 (+17.5%), from €64,560 to €75,880
- Taxes +€3,469
up €3,469 (+23.6%), from €14,685 to €18,154
- Financial income +€2,158
up €2,158 (+118%), from €1,831 to €3,989
- Other operating charges +€915
up €915 (+18.8%), from €4,861 to €5,776
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 | €806,062 | €903,136 | +€97,074 | +12.0% |
| Fixed assets | 21/28 | €106,438 | €101,888 | -€4,549 | -4.3% |
| Tangible fixed assets | 22/27 | €106,438 | €101,888 | -€4,549 | -4.3% |
| Land and buildings | 22 | €106,438 | €101,888 | -€4,549 | -4.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €699,624 | €801,248 | +€101,623 | +14.5% |
| Amounts receivable within one year | 40/41 | €46,162 | €44,738 | -€1,424 | -3.1% |
| Trade receivables | 40 | €36,381 | €36,873 | +€493 | +1.4% |
| Other amounts receivable | 41 | €9,781 | €7,865 | -€1,916 | -19.6% |
| Cash at bank and in hand | 54/58 | €652,995 | €756,068 | +€103,073 | +15.8% |
| Deferred charges and accrued income | 490/1 | €468 | €442 | -€26 | -5.5% |
| Total equity and liabilities | 10/49 | €806,062 | €903,136 | +€97,074 | +12.0% |
| Equity | 10/15 | €228,416 | €248,212 | +€19,795 | +8.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €166,416 | €186,212 | +€19,795 | +11.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,090 | €4,090 | = | 0.0% |
| Distributable reserves | 133 | €156,126 | €175,922 | +€19,795 | +12.7% |
| Amounts payable | 17/49 | €577,645 | €654,924 | +€77,279 | +13.4% |
| Amounts payable within one year | 42/48 | €577,645 | €654,924 | +€77,279 | +13.4% |
| Trade debts | 44 | €57 | €311 | +€254 | +449% |
| Suppliers | 440/4 | €57 | €311 | +€254 | +449% |
| Taxes, remuneration and social security | 45 | €5,299 | €5,972 | +€673 | +12.7% |
| Taxes | 450/3 | €5,299 | €5,972 | +€673 | +12.7% |
| Other amounts payable | 47/48 | €572,290 | €648,642 | +€76,352 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,549 | €4,549 | = | 0.0% |
| Other operating charges | 640/8 | €4,861 | €5,776 | +€915 | +18.8% |
| Gross operating margin | 9900 | €64,560 | €75,880 | +€11,319 | +17.5% |
| Operating profit (loss) | 9901 | €55,151 | €65,555 | +€10,404 | +18.9% |
| Financial income | 75/76B | €1,831 | €3,989 | +€2,158 | +118% |
| Recurring financial income | 75 | €1,831 | €3,989 | +€2,158 | +118% |
| Financial charges | 65/66B | €3,139 | €2,981 | -€158 | -5.0% |
| Recurring financial charges | 65 | €3,139 | €2,981 | -€158 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €53,843 | €66,563 | +€12,720 | +23.6% |
| Income taxes | 67/77 | €14,685 | €18,154 | +€3,469 | +23.6% |
| Profit (loss) for the period | 9904 | €39,159 | €48,410 | +€9,251 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,159 | €48,410 | +€9,251 | +23.6% |
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 18 October 2026 via checked.be.