Borre: 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.
Borre
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€26,972
up €26,972 (+47.7%), from €56,513 to €83,486
mainly Current investments (+€100,000) and Net result for the year (+€95,764)
- Receivables within one year -€3,637
down €3,637 (-12.7%), from €28,722 to €25,085
of which Trade receivables: -€2,433
- Reserves -€179,236
down €179,236 (-96.6%), from €185,614 to €6,378
- Other debts +€92,706
up €92,706 (+1679.8%), from €5,519 to €98,225
- Tax, wage and social debts +€7,510
up €7,510 (+559.1%), from €1,343 to €8,853
- Gross operating margin +€27,237
up €27,237 (+28.0%), from €97,255 to €124,492
- Taxes +€6,311
up €6,311 (+31.1%), from €20,305 to €26,616
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 | €198,162 | €118,965 | -€79,196 | -40.0% |
| Fixed assets | 21/28 | €11,596 | €9,952 | -€1,645 | -14.2% |
| Tangible fixed assets | 22/27 | €11,596 | €9,952 | -€1,645 | -14.2% |
| Plant, machinery and equipment | 23 | €1,310 | €1,340 | +€30 | +2.3% |
| Furniture and vehicles | 24 | €1,903 | €1,167 | -€735 | -38.6% |
| Other tangible fixed assets | 26 | €8,384 | €7,444 | -€939 | -11.2% |
| Current assets | 29/58 | €186,565 | €109,014 | -€77,552 | -41.6% |
| Amounts receivable within one year | 40/41 | €28,722 | €25,085 | -€3,637 | -12.7% |
| Trade receivables | 40 | €20,650 | €18,217 | -€2,433 | -11.8% |
| Other amounts receivable | 41 | €8,072 | €6,867 | -€1,205 | -14.9% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €56,513 | €83,486 | +€26,972 | +47.7% |
| Deferred charges and accrued income | 490/1 | €1,330 | €443 | -€887 | -66.7% |
| Total equity and liabilities | 10/49 | €198,162 | €118,965 | -€79,196 | -40.0% |
| Equity | 10/15 | €190,614 | €11,378 | -€179,236 | -94.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €185,614 | €6,378 | -€179,236 | -96.6% |
| Distributable reserves | 133 | €185,614 | €6,378 | -€179,236 | -96.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,547 | €107,587 | +€100,040 | +1325.5% |
| Amounts payable within one year | 42/48 | €7,547 | €107,587 | +€100,040 | +1325.5% |
| Trade debts | 44 | €685 | €509 | -€176 | -25.7% |
| Suppliers | 440/4 | €685 | €509 | -€176 | -25.7% |
| Taxes, remuneration and social security | 45 | €1,343 | €8,853 | +€7,510 | +559.1% |
| Taxes | 450/3 | €1,343 | €8,853 | +€7,510 | +559.1% |
| Other amounts payable | 47/48 | €5,519 | €98,225 | +€92,706 | +1679.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,238 | €2,714 | +€476 | +21.2% |
| Other operating charges | 640/8 | €1,265 | €778 | -€488 | -38.5% |
| Gross operating margin | 9900 | €97,255 | €124,492 | +€27,237 | +28.0% |
| Operating profit (loss) | 9901 | €93,751 | €121,001 | +€27,249 | +29.1% |
| Financial income | 75/76B | €1,184 | €1,612 | +€429 | +36.2% |
| Recurring financial income | 75 | €1,184 | €1,612 | +€429 | +36.2% |
| Financial charges | 65/66B | €188 | €233 | +€45 | +23.6% |
| Recurring financial charges | 65 | €188 | €233 | +€45 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €94,747 | €122,380 | +€27,633 | +29.2% |
| Income taxes | 67/77 | €20,305 | €26,616 | +€6,311 | +31.1% |
| Profit (loss) for the period | 9904 | €74,442 | €95,764 | +€21,322 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,442 | €95,764 | +€21,322 | +28.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.