BORNAUW JAN: what changed
BORNAUW JAN
Largest movements
- Cash +€85,503
up €85,503 (+9.4%), from €909,706 to €995,209
mainly Net result for the year (+€141,317) and Tax, wage and social debts (+€30,141)
- Receivables within one year +€54,378
up €54,378 (+283%), from €19,217 to €73,595
of which Trade receivables: +€52,008
- Tangible fixed assets -€17,968
down €17,968 (-64.2%), from €27,986 to €10,017
of which Furniture and vehicles: -€17,591
- Reserves +€111,317
up €111,317 (+13.1%), from €846,527 to €957,844
- Tax, wage and social debts +€30,141
up €30,141 (+2,155%), from €1,398 to €31,539
- Gross operating margin +€83,821
up €83,821 (+61.6%), from €136,054 to €219,875
- Taxes +€28,447
up €28,447 (+88.0%), from €32,322 to €60,769
- Depreciation -€3,666
down €3,666 (-14.9%), from €24,676 to €21,010
- Financial income +€3,045
up €3,045 (+50.0%), from €6,084 to €9,129
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €962,038 | €1,083,976 | +€121,938 | +12.7% |
| Fixed assets | 21/28 | €27,986 | €10,017 | -€17,968 | -64.2% |
| Tangible fixed assets | 22/27 | €27,986 | €10,017 | -€17,968 | -64.2% |
| Plant, machinery and equipment | 23 | €6,644 | €6,267 | -€377 | -5.7% |
| Furniture and vehicles | 24 | €21,341 | €3,750 | -€17,591 | -82.4% |
| Current assets | 29/58 | €934,052 | €1,073,959 | +€139,907 | +15.0% |
| Stocks and contracts in progress | 3 | €2,800 | €2,800 | = | 0.0% |
| Stocks | 30/36 | €2,800 | €2,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,217 | €73,595 | +€54,378 | +283% |
| Trade receivables | 40 | €13,753 | €65,761 | +€52,008 | +378% |
| Other amounts receivable | 41 | €5,464 | €7,834 | +€2,370 | +43.4% |
| Cash at bank and in hand | 54/58 | €909,706 | €995,209 | +€85,503 | +9.4% |
| Deferred charges and accrued income | 490/1 | €2,329 | €2,355 | +€26 | +1.1% |
| Total equity and liabilities | 10/49 | €962,038 | €1,083,976 | +€121,938 | +12.7% |
| Equity | 10/15 | €866,527 | €977,844 | +€111,317 | +12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €846,527 | €957,844 | +€111,317 | +13.1% |
| Distributable reserves | 133 | €846,527 | €957,844 | +€111,317 | +13.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €95,511 | €106,132 | +€10,621 | +11.1% |
| Amounts payable within one year | 42/48 | €92,119 | €106,132 | +€14,013 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €8,825 | €5,048 | -€3,777 | -42.8% |
| Trade debts | 44 | €12,906 | €10,266 | -€2,640 | -20.5% |
| Suppliers | 440/4 | €12,906 | €10,266 | -€2,640 | -20.5% |
| Taxes, remuneration and social security | 45 | €1,398 | €31,539 | +€30,141 | +2,155% |
| Taxes | 450/3 | €1,398 | €31,539 | +€30,141 | +2,155% |
| Other amounts payable | 47/48 | €68,991 | €59,279 | -€9,711 | -14.1% |
| Accrued charges and deferred income | 492/3 | €3,392 | €0 | -€3,392 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,676 | €21,010 | -€3,666 | -14.9% |
| Other operating charges | 640/8 | €659 | €1,982 | +€1,323 | +201% |
| Gross operating margin | 9900 | €136,054 | €219,875 | +€83,821 | +61.6% |
| Operating profit (loss) | 9901 | €110,719 | €196,884 | +€86,165 | +77.8% |
| Financial income | 75/76B | €6,084 | €9,129 | +€3,045 | +50.0% |
| Recurring financial income | 75 | €6,084 | €9,129 | +€3,045 | +50.0% |
| Financial charges | 65/66B | €3,836 | €3,927 | +€91 | +2.4% |
| Recurring financial charges | 65 | €3,836 | €3,927 | +€91 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €112,967 | €202,086 | +€89,119 | +78.9% |
| Income taxes | 67/77 | €32,322 | €60,769 | +€28,447 | +88.0% |
| Profit (loss) for the period | 9904 | €80,645 | €141,317 | +€60,672 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,645 | €141,317 | +€60,672 | +75.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.