Bornia: 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.
Bornia
Largest movements
- Tangible fixed assets -€21,525
down €21,525 (-100.0%), from €21,525 to €0
- Deferred charges and accrued income +€18,000
up €18,000 (+25.7%), from €70,000 to €88,000
- Other debts -€37,671
down €37,671 (-59.1%), from €63,790 to €26,119
- Trade debts +€19,070
up €19,070 (+1324.2%), from €1,440 to €20,510
- Reserves +€13,819
up €13,819 (+9.3%), from €149,275 to €163,094
- Tax, wage and social debts +€8,678
up €8,678 (+131.2%), from €6,615 to €15,293
- Debts after one year -€6,980
down €6,980 (-31.7%), from €22,039 to €15,059
- Taxes -€11,741
down €11,741 (-77.3%), from €15,195 to €3,455
- Depreciation +€9,975
up €9,975 (+86.4%), from €11,550 to €21,525
- Gross operating margin +€5,285
up €5,285 (+14.5%), from €36,360 to €41,644
- Financial income -€2,497
down €2,497 (-99.9%), from €2,500 to €3
of which Non-recurring financial income: -€2,500
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 | €251,351 | €247,303 | -€4,048 | -1.6% |
| Fixed assets | 21/28 | €168,025 | €146,500 | -€21,525 | -12.8% |
| Tangible fixed assets | 22/27 | €21,525 | €0 | -€21,525 | -100.0% |
| Furniture and vehicles | 24 | €21,525 | €0 | -€21,525 | -100.0% |
| Financial fixed assets | 28 | €146,500 | €146,500 | = | 0.0% |
| Current assets | 29/58 | €83,326 | €100,803 | +€17,477 | +21.0% |
| Amounts receivable within one year | 40/41 | €13,087 | €12,267 | -€820 | -6.3% |
| Trade receivables | 40 | €0 | €8,531 | +€8,531 | |
| Other amounts receivable | 41 | €13,087 | €3,737 | -€9,350 | -71.4% |
| Cash at bank and in hand | 54/58 | €240 | €536 | +€296 | +123.7% |
| Deferred charges and accrued income | 490/1 | €70,000 | €88,000 | +€18,000 | +25.7% |
| Total equity and liabilities | 10/49 | €251,351 | €247,303 | -€4,048 | -1.6% |
| Equity | 10/15 | €149,519 | €163,337 | +€13,819 | +9.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €149,275 | €163,094 | +€13,819 | +9.3% |
| Distributable reserves | 133 | €149,275 | €163,094 | +€13,819 | +9.3% |
| Profit (loss) carried forward | 14 | -€1,757 | -€1,757 | = | 0.0% |
| Amounts payable | 17/49 | €101,833 | €83,966 | -€17,867 | -17.5% |
| Amounts payable after more than one year | 17 | €22,039 | €15,059 | -€6,980 | -31.7% |
| Financial debts | 170/4 | €22,039 | €15,059 | -€6,980 | -31.7% |
| Amounts payable within one year | 42/48 | €78,461 | €68,903 | -€9,558 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €6,616 | €6,980 | +€364 | +5.5% |
| Trade debts | 44 | €1,440 | €20,510 | +€19,070 | +1324.2% |
| Suppliers | 440/4 | €1,440 | €20,510 | +€19,070 | +1324.2% |
| Taxes, remuneration and social security | 45 | €6,615 | €15,293 | +€8,678 | +131.2% |
| Taxes | 450/3 | €6,615 | €15,293 | +€8,678 | +131.2% |
| Other amounts payable | 47/48 | €63,790 | €26,119 | -€37,671 | -59.1% |
| Accrued charges and deferred income | 492/3 | €1,334 | €5 | -€1,329 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,550 | €21,525 | +€9,975 | +86.4% |
| Other operating charges | 640/8 | €507 | €660 | +€153 | +30.2% |
| Gross operating margin | 9900 | €36,360 | €41,644 | +€5,285 | +14.5% |
| Operating profit (loss) | 9901 | €24,303 | €19,459 | -€4,843 | -19.9% |
| Financial income | 75/76B | €2,500 | €3 | -€2,497 | -99.9% |
| Recurring financial income | 75 | €2,500 | €3 | -€2,497 | -99.9% |
| Non-recurring financial income | 76B | €2,500 | €0 | -€2,500 | -100.0% |
| Financial charges | 65/66B | €1,863 | €2,189 | +€327 | +17.5% |
| Recurring financial charges | 65 | €1,863 | €2,189 | +€327 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €24,940 | €17,273 | -€7,667 | -30.7% |
| Income taxes | 67/77 | €15,195 | €3,455 | -€11,741 | -77.3% |
| Profit (loss) for the period | 9904 | €9,745 | €13,819 | +€4,074 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,745 | €13,819 | +€4,074 | +41.8% |
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.