Bornival: 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.
Bornival
Largest movements
- Tangible fixed assets -€49,110
down €49,110 (-5.0%), from €978,125 to €929,015
of which Land and buildings: -€56,250
- Cash +€31,712
up €31,712 (+253.8%), from €12,494 to €44,206
mainly Short-term financial debts (+€70,019) and Depreciation (+€58,076)
- Short-term financial debts +€70,019
up €70,019 (+1431.1%), from €4,892 to €74,911
- Current portion of long-term debt -€64,237
no longer reported in 2025 (was €64,237)
- Profit (loss) carried forward +€32,602
up €32,602 (+28.9%), from -€112,667 to -€80,065
- Debts after one year -€28,405
down €28,405 (-2.9%), from €990,318 to €961,913
- Trade debts -€21,906
down €21,906 (-99.4%), from €22,044 to €138
- Gross operating margin -€23,669
down €23,669 (-16.3%), from €145,289 to €121,620
- Depreciation +€1,826
up €1,826 (+3.2%), from €56,250 to €58,076
- Financial charges -€1,759
down €1,759 (-8.2%), from €21,542 to €19,783
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 | €1,023,683 | €1,002,710 | -€20,973 | -2.0% |
| Fixed assets | 21/28 | €978,125 | €929,015 | -€49,110 | -5.0% |
| Tangible fixed assets | 22/27 | €978,125 | €929,015 | -€49,110 | -5.0% |
| Land and buildings | 22 | €978,125 | €921,875 | -€56,250 | -5.8% |
| Plant, machinery and equipment | 23 | - | €7,140 | +€7,140 | |
| Current assets | 29/58 | €45,558 | €73,695 | +€28,137 | +61.8% |
| Amounts receivable within one year | 40/41 | €28,368 | €29,489 | +€1,121 | +4.0% |
| Trade receivables | 40 | €28,368 | €10,161 | -€18,207 | -64.2% |
| Other amounts receivable | 41 | - | €19,328 | +€19,328 | |
| Cash at bank and in hand | 54/58 | €12,494 | €44,206 | +€31,712 | +253.8% |
| Deferred charges and accrued income | 490/1 | €4,696 | - | -€4,696 | |
| Total equity and liabilities | 10/49 | €1,023,683 | €1,002,710 | -€20,973 | -2.0% |
| Equity | 10/15 | -€68,667 | -€36,065 | +€32,602 | +47.5% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,667 | -€80,065 | +€32,602 | +28.9% |
| Amounts payable | 17/49 | €1,092,350 | €1,038,775 | -€53,575 | -4.9% |
| Amounts payable after more than one year | 17 | €990,318 | €961,913 | -€28,405 | -2.9% |
| Financial debts | 170/4 | €990,318 | €961,913 | -€28,405 | -2.9% |
| Amounts payable within one year | 42/48 | €100,480 | €75,397 | -€25,083 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €64,237 | - | -€64,237 | |
| Financial debts | 43 | €4,892 | €74,911 | +€70,019 | +1431.1% |
| Credit institutions | 430/8 | €4,892 | €74,911 | +€70,019 | +1431.1% |
| Trade debts | 44 | €22,044 | €138 | -€21,906 | -99.4% |
| Suppliers | 440/4 | €22,044 | €138 | -€21,906 | -99.4% |
| Other amounts payable | 47/48 | €9,307 | €348 | -€8,959 | -96.3% |
| Accrued charges and deferred income | 492/3 | €1,551 | €1,464 | -€87 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,250 | €58,076 | +€1,826 | +3.2% |
| Other operating charges | 640/8 | €10,819 | €11,160 | +€340 | +3.1% |
| Gross operating margin | 9900 | €145,289 | €121,620 | -€23,669 | -16.3% |
| Operating profit (loss) | 9901 | €78,220 | €52,385 | -€25,835 | -33.0% |
| Financial charges | 65/66B | €21,542 | €19,783 | -€1,759 | -8.2% |
| Recurring financial charges | 65 | €21,542 | €19,783 | -€1,759 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €56,677 | €32,602 | -€24,076 | -42.5% |
| Profit (loss) for the period | 9904 | €56,677 | €32,602 | -€24,076 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,677 | €32,602 | -€24,076 | -42.5% |
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 9 October 2026 via checked.be.