borne.be: 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.
borne.be
Largest movements
- Tangible fixed assets +€135,920
up €135,920 (+207.1%), from €65,619 to €201,539
of which Land and buildings: +€165,352
- Cash -€17,426
down €17,426 (-71.5%), from €24,375 to €6,950
mainly Investment in fixed assets (net) (-€166,920) and Trade debts (-€12,593)
- Stocks and contracts +€12,118
new in 2025: €12,118
- Debts after one year +€122,215
up €122,215 (+498.0%), from €24,540 to €146,755
- Other debts +€20,969
up €20,969 (+4177.3%), from €502 to €21,471
- Trade debts -€12,593
down €12,593 (-65.8%), from €19,148 to €6,555
- Gross operating margin -€16,776
down €16,776 (-19.1%), from €87,983 to €71,207
- Staff costs +€7,212
up €7,212 (+28.5%), from €25,333 to €32,546
- Taxes -€7,123
down €7,123 (-98.2%), from €7,255 to €132
- Depreciation +€6,785
up €6,785 (+25.7%), from €26,444 to €33,229
- Other operating charges +€1,067
up €1,067 (+139.8%), from €763 to €1,830
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 | €134,197 | €265,169 | +€130,972 | +97.6% |
| Formation expenses | 20 | €292 | €97 | -€195 | -66.7% |
| Fixed assets | 21/28 | €71,663 | €205,549 | +€133,886 | +186.8% |
| Intangible fixed assets | 21 | €5,953 | €3,919 | -€2,033 | -34.2% |
| Tangible fixed assets | 22/27 | €65,619 | €201,539 | +€135,920 | +207.1% |
| Land and buildings | 22 | - | €165,352 | +€165,352 | |
| Plant, machinery and equipment | 23 | €4,660 | €2,568 | -€2,091 | -44.9% |
| Furniture and vehicles | 24 | €60,960 | €33,618 | -€27,341 | -44.9% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €62,242 | €59,522 | -€2,719 | -4.4% |
| Stocks and contracts in progress | 3 | - | €12,118 | +€12,118 | |
| Stocks | 30/36 | - | €12,118 | +€12,118 | |
| Amounts receivable within one year | 40/41 | €35,963 | €36,907 | +€944 | +2.6% |
| Trade receivables | 40 | €31,208 | €29,403 | -€1,805 | -5.8% |
| Other amounts receivable | 41 | €4,755 | €7,504 | +€2,749 | +57.8% |
| Cash at bank and in hand | 54/58 | €24,375 | €6,950 | -€17,426 | -71.5% |
| Deferred charges and accrued income | 490/1 | €1,903 | €3,548 | +€1,644 | +86.4% |
| Total equity and liabilities | 10/49 | €134,197 | €265,169 | +€130,972 | +97.6% |
| Equity | 10/15 | €61,206 | €62,901 | +€1,695 | +2.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,206 | €57,901 | +€1,695 | +3.0% |
| Amounts payable | 17/49 | €72,991 | €202,267 | +€129,277 | +177.1% |
| Amounts payable after more than one year | 17 | €24,540 | €146,755 | +€122,215 | +498.0% |
| Financial debts | 170/4 | €24,540 | €146,755 | +€122,215 | +498.0% |
| Amounts payable within one year | 42/48 | €48,450 | €54,935 | +€6,485 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €21,546 | €19,623 | -€1,923 | -8.9% |
| Trade debts | 44 | €19,148 | €6,555 | -€12,593 | -65.8% |
| Suppliers | 440/4 | €19,148 | €6,555 | -€12,593 | -65.8% |
| Taxes, remuneration and social security | 45 | €7,255 | €7,286 | +€32 | +0.4% |
| Taxes | 450/3 | €7,255 | €7,286 | +€32 | +0.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €502 | €21,471 | +€20,969 | +4177.3% |
| Accrued charges and deferred income | 492/3 | - | €577 | +€577 | |
| Remuneration, social security and pensions | 62 | €25,333 | €32,546 | +€7,212 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,444 | €33,229 | +€6,785 | +25.7% |
| Other operating charges | 640/8 | €763 | €1,830 | +€1,067 | +139.8% |
| Non-recurring operating charges | 66A | -€74 | €0 | +€74 | |
| Gross operating margin | 9900 | €87,983 | €71,207 | -€16,776 | -19.1% |
| Operating profit (loss) | 9901 | €35,517 | €3,602 | -€31,915 | -89.9% |
| Financial income | 75/76B | €308 | €977 | +€669 | +217.6% |
| Recurring financial income | 75 | €308 | €977 | +€669 | +217.6% |
| Financial charges | 65/66B | €2,976 | €2,752 | -€225 | -7.5% |
| Recurring financial charges | 65 | €2,976 | €2,752 | -€225 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €32,848 | €1,827 | -€31,021 | -94.4% |
| Income taxes | 67/77 | €7,255 | €132 | -€7,123 | -98.2% |
| Profit (loss) for the period | 9904 | €25,594 | €1,695 | -€23,899 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,594 | €1,695 | -€23,899 | -93.4% |
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.