BORNEMFIT: 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.
BORNEMFIT
Largest movements
- Cash +€50,197
up €50,197 (+193%), from €26,026 to €76,223
mainly Depreciation (+€76,197) and Net result for the year (+€64,334)
- Tangible fixed assets -€34,147
down €34,147 (-8.9%), from €383,410 to €349,263
of which Land and buildings: -€30,588
- Receivables within one year -€14,696
down €14,696 (-53.6%), from €27,434 to €12,738
of which Trade receivables: -€23,127
- Deferred charges and accrued income +€7,846
up €7,846 (+147%), from €5,328 to €13,174
- Reserves +€64,334
up €64,334 (+35.3%), from €182,128 to €246,462
of which Distributable reserves: +€64,334
- Other debts -€29,763
down €29,763 (-24.7%), from €120,394 to €90,631
- Debts after one year -€18,881
down €18,881 (-34.5%), from €54,673 to €35,792
- Trade debts -€7,291
no longer reported in 2025 (was €7,291)
- Tax, wage and social debts +€5,381
up €5,381 (+58.7%), from €9,170 to €14,551
of which Taxes: +€6,456
- Purchases and services +€195,020
new in 2025: €195,020
- Turnover +€26,071
up €26,071 (+8.3%), from €314,007 to €340,078
- Taxes +€12,305
up €12,305 (+128%), from €9,586 to €21,891
- Gross operating margin +€9,156
up €9,156 (+5.3%), from €171,894 to €181,050
- Staff costs -€8,251
down €8,251 (-50.5%), from €16,349 to €8,098
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 | €442,198 | €454,869 | +€12,671 | +2.9% |
| Fixed assets | 21/28 | €383,410 | €352,734 | -€30,676 | -8.0% |
| Intangible fixed assets | 21 | - | €3,471 | +€3,471 | |
| Tangible fixed assets | 22/27 | €383,410 | €349,263 | -€34,147 | -8.9% |
| Land and buildings | 22 | €200,844 | €170,256 | -€30,588 | -15.2% |
| Plant, machinery and equipment | 23 | €100,867 | €82,090 | -€18,777 | -18.6% |
| Furniture and vehicles | 24 | €9,312 | €7,224 | -€2,088 | -22.4% |
| Other tangible fixed assets | 26 | €72,387 | €89,693 | +€17,306 | +23.9% |
| Current assets | 29/58 | €58,788 | €102,135 | +€43,347 | +73.7% |
| Amounts receivable within one year | 40/41 | €27,434 | €12,738 | -€14,696 | -53.6% |
| Trade receivables | 40 | €23,127 | - | -€23,127 | |
| Other amounts receivable | 41 | €4,307 | €12,738 | +€8,431 | +196% |
| Cash at bank and in hand | 54/58 | €26,026 | €76,223 | +€50,197 | +193% |
| Deferred charges and accrued income | 490/1 | €5,328 | €13,174 | +€7,846 | +147% |
| Total equity and liabilities | 10/49 | €442,198 | €454,869 | +€12,671 | +2.9% |
| Equity | 10/15 | €200,728 | €265,062 | +€64,334 | +32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,128 | €246,462 | +€64,334 | +35.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €180,268 | €244,602 | +€64,334 | +35.7% |
| Amounts payable | 17/49 | €241,470 | €189,807 | -€51,663 | -21.4% |
| Amounts payable after more than one year | 17 | €54,673 | €35,792 | -€18,881 | -34.5% |
| Financial debts | 170/4 | €54,673 | €35,792 | -€18,881 | -34.5% |
| Amounts payable within one year | 42/48 | €157,757 | €124,007 | -€33,750 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €20,902 | €18,825 | -€2,077 | -9.9% |
| Trade debts | 44 | €7,291 | - | -€7,291 | |
| Suppliers | 440/4 | €7,291 | - | -€7,291 | |
| Taxes, remuneration and social security | 45 | €9,170 | €14,551 | +€5,381 | +58.7% |
| Taxes | 450/3 | €8,095 | €14,551 | +€6,456 | +79.8% |
| Remuneration and social security | 454/9 | €1,075 | - | -€1,075 | |
| Other amounts payable | 47/48 | €120,394 | €90,631 | -€29,763 | -24.7% |
| Accrued charges and deferred income | 492/3 | €29,040 | €30,008 | +€968 | +3.3% |
| Turnover | 70 | €314,007 | €340,078 | +€26,071 | +8.3% |
| Non-recurring operating income | 76A | €6,484 | - | -€6,484 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €195,020 | +€195,020 | |
| Remuneration, social security and pensions | 62 | €16,349 | €8,098 | -€8,251 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,699 | €76,197 | +€2,498 | +3.4% |
| Other operating charges | 640/8 | €9,314 | €8,364 | -€950 | -10.2% |
| Gross operating margin | 9900 | €171,894 | €181,050 | +€9,156 | +5.3% |
| Operating profit (loss) | 9901 | €72,532 | €88,391 | +€15,859 | +21.9% |
| Financial income | 75/76B | €38 | €47 | +€9 | +23.7% |
| Recurring financial income | 75 | €38 | €47 | +€9 | +23.7% |
| Financial charges | 65/66B | €2,680 | €2,213 | -€467 | -17.4% |
| Recurring financial charges | 65 | €2,680 | €2,213 | -€467 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €69,890 | €86,225 | +€16,335 | +23.4% |
| Income taxes | 67/77 | €9,586 | €21,891 | +€12,305 | +128% |
| Profit (loss) for the period | 9904 | €60,304 | €64,334 | +€4,030 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,304 | €64,334 | +€4,030 | +6.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.