BORN4IT: 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.
BORN4IT
Largest movements
- Tangible fixed assets +€51,336
up €51,336 (+111.0%), from €46,258 to €97,594
of which Leasing and similar rights: +€53,621
- Cash +€9,673
up €9,673 (+32.8%), from €29,487 to €39,160
mainly Net result for the year (+€34,554) and Debts after one year (+€31,491)
- Deferred charges and accrued income +€3,675
up €3,675 (+403.7%), from €910 to €4,585
- Financial fixed assets -€2,500
down €2,500 (-100.0%), from €2,500 to €0
- Debts after one year +€31,491
up €31,491 (+91.4%), from €34,450 to €65,941
- Tax, wage and social debts +€11,544
up €11,544 (+3487.6%), from €331 to €11,875
- Current portion of long-term debt +€10,801
up €10,801 (+282.3%), from €3,826 to €14,628
- Other debts +€6,436
up €6,436 (+22.9%), from €28,118 to €34,554
- Trade debts +€2,322
up €2,322 (+369.2%), from €629 to €2,951
- Gross operating margin +€17,514
up €17,514 (+43.7%), from €40,099 to €57,613
- Depreciation +€7,391
up €7,391 (+229.2%), from €3,225 to €10,616
- Taxes +€1,601
up €1,601 (+21.1%), from €7,597 to €9,198
- Financial charges +€983
up €983 (+60.7%), from €1,619 to €2,602
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 | €97,590 | €160,458 | +€62,868 | +64.4% |
| Fixed assets | 21/28 | €48,758 | €97,594 | +€48,836 | +100.2% |
| Tangible fixed assets | 22/27 | €46,258 | €97,594 | +€51,336 | +111.0% |
| Land and buildings | 22 | €36,907 | €35,491 | -€1,415 | -3.8% |
| Plant, machinery and equipment | 23 | €2,635 | €1,768 | -€867 | -32.9% |
| Furniture and vehicles | 24 | €0 | €956 | +€956 | |
| Leasing and similar rights | 25 | - | €53,621 | +€53,621 | |
| Other tangible fixed assets | 26 | €6,716 | €5,757 | -€960 | -14.3% |
| Financial fixed assets | 28 | €2,500 | €0 | -€2,500 | -100.0% |
| Current assets | 29/58 | €48,832 | €62,864 | +€14,032 | +28.7% |
| Amounts receivable within one year | 40/41 | €18,434 | €19,119 | +€684 | +3.7% |
| Trade receivables | 40 | €14,842 | €15,804 | +€962 | +6.5% |
| Other amounts receivable | 41 | €3,592 | €3,314 | -€278 | -7.7% |
| Cash at bank and in hand | 54/58 | €29,487 | €39,160 | +€9,673 | +32.8% |
| Deferred charges and accrued income | 490/1 | €910 | €4,585 | +€3,675 | +403.7% |
| Total equity and liabilities | 10/49 | €97,590 | €160,458 | +€62,868 | +64.4% |
| Equity | 10/15 | €29,878 | €29,878 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,278 | €11,278 | = | 0.0% |
| Distributable reserves | 133 | €11,278 | €11,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,711 | €130,579 | +€62,868 | +92.8% |
| Amounts payable after more than one year | 17 | €34,450 | €65,941 | +€31,491 | +91.4% |
| Financial debts | 170/4 | €34,450 | €65,941 | +€31,491 | +91.4% |
| Amounts payable within one year | 42/48 | €32,904 | €64,008 | +€31,104 | +94.5% |
| Current portion of amounts payable after more than one year | 42 | €3,826 | €14,628 | +€10,801 | +282.3% |
| Trade debts | 44 | €629 | €2,951 | +€2,322 | +369.2% |
| Suppliers | 440/4 | €629 | €2,951 | +€2,322 | +369.2% |
| Taxes, remuneration and social security | 45 | €331 | €11,875 | +€11,544 | +3487.6% |
| Taxes | 450/3 | €331 | €11,875 | +€11,544 | +3487.6% |
| Other amounts payable | 47/48 | €28,118 | €34,554 | +€6,436 | +22.9% |
| Accrued charges and deferred income | 492/3 | €357 | €630 | +€273 | +76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,225 | €10,616 | +€7,391 | +229.2% |
| Other operating charges | 640/8 | €1,225 | €667 | -€558 | -45.6% |
| Gross operating margin | 9900 | €40,099 | €57,613 | +€17,514 | +43.7% |
| Operating profit (loss) | 9901 | €35,649 | €46,330 | +€10,681 | +30.0% |
| Financial income | 75/76B | €8 | €24 | +€16 | +211.7% |
| Recurring financial income | 75 | €8 | €24 | +€16 | +211.7% |
| Financial charges | 65/66B | €1,619 | €2,602 | +€983 | +60.7% |
| Recurring financial charges | 65 | €1,619 | €2,602 | +€983 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €34,038 | €43,752 | +€9,714 | +28.5% |
| Income taxes | 67/77 | €7,597 | €9,198 | +€1,601 | +21.1% |
| Profit (loss) for the period | 9904 | €26,441 | €34,554 | +€8,113 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,441 | €34,554 | +€8,113 | +30.7% |
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 4 October 2026 via checked.be.