Bornival 1: 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 1
Largest movements
- Tangible fixed assets -€29,400
down €29,400 (-4.7%), from €619,333 to €589,933
- Cash +€21,219
up €21,219 (+33.9%), from €62,633 to €83,852
mainly Depreciation (+€29,400) and Net result for the year (+€16,365)
- Debts after one year -€32,320
down €32,320 (-4.4%), from €739,172 to €706,853
of which Financial debts: -€32,320
- Profit (loss) carried forward +€16,365
up €16,365 (+12.8%), from -€128,065 to -€111,700
- Gross operating margin +€31,005
up €31,005 (+88.0%), from €35,216 to €66,222
- Other operating charges +€2,514
up €2,514 (+27.3%), from €9,211 to €11,724
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 | €697,916 | €683,651 | -€14,266 | -2.0% |
| Fixed assets | 21/28 | €619,333 | €589,933 | -€29,400 | -4.7% |
| Tangible fixed assets | 22/27 | €619,333 | €589,933 | -€29,400 | -4.7% |
| Land and buildings | 22 | €619,333 | €589,933 | -€29,400 | -4.7% |
| Current assets | 29/58 | €78,583 | €93,718 | +€15,134 | +19.3% |
| Amounts receivable within one year | 40/41 | €9,712 | €9,702 | -€10 | -0.1% |
| Trade receivables | 40 | €9,712 | €9,702 | -€10 | -0.1% |
| Cash at bank and in hand | 54/58 | €62,633 | €83,852 | +€21,219 | +33.9% |
| Deferred charges and accrued income | 490/1 | €6,238 | €164 | -€6,074 | -97.4% |
| Total equity and liabilities | 10/49 | €697,916 | €683,651 | -€14,266 | -2.0% |
| Equity | 10/15 | -€98,065 | -€81,700 | +€16,365 | +16.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,065 | -€111,700 | +€16,365 | +12.8% |
| Amounts payable | 17/49 | €795,981 | €765,350 | -€30,631 | -3.8% |
| Amounts payable after more than one year | 17 | €739,172 | €706,853 | -€32,320 | -4.4% |
| Financial debts | 170/4 | €542,910 | €510,591 | -€32,320 | -6.0% |
| Other amounts payable | 178/9 | €196,262 | €196,262 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,809 | €58,498 | +€1,689 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €34,471 | €34,991 | +€521 | +1.5% |
| Trade debts | 44 | €13,886 | €15,054 | +€1,168 | +8.4% |
| Suppliers | 440/4 | €13,886 | €15,054 | +€1,168 | +8.4% |
| Other amounts payable | 47/48 | €8,452 | €8,452 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,400 | €29,400 | = | 0.0% |
| Other operating charges | 640/8 | €9,211 | €11,724 | +€2,514 | +27.3% |
| Gross operating margin | 9900 | €35,216 | €66,222 | +€31,005 | +88.0% |
| Operating profit (loss) | 9901 | -€3,394 | €25,098 | +€28,492 | |
| Financial charges | 65/66B | €9,180 | €8,732 | -€448 | -4.9% |
| Recurring financial charges | 65 | €9,180 | €8,732 | -€448 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,574 | €16,365 | +€28,939 | |
| Profit (loss) for the period | 9904 | -€12,574 | €16,365 | +€28,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,574 | €16,365 | +€28,939 |
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 23 October 2026 via checked.be.