Borreman: 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.
Borreman
Largest movements
- Receivables within one year +€32,558
up €32,558 (+53.3%), from €61,098 to €93,656
of which Trade receivables: +€18,005
- Cash -€5,960
down €5,960 (-53.0%), from €11,248 to €5,288
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€32,558)
- Tangible fixed assets +€2,632
up €2,632 (+64.1%), from €4,106 to €6,738
- Other debts +€72,273
up €72,273 (+367%), from €19,697 to €91,970
- Profit (loss) carried forward -€48,522
down €48,522 (-87.9%), from €55,207 to €6,685
- Tax, wage and social debts +€4,052
up €4,052 (+338%), from €1,200 to €5,252
- Taxes +€3,717
up €3,717 (+24.2%), from €15,357 to €19,075
- Gross operating margin -€1,549
down €1,549 (-2.1%), from €73,540 to €71,990
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 | €78,611 | €107,457 | +€28,846 | +36.7% |
| Fixed assets | 21/28 | €4,106 | €6,738 | +€2,632 | +64.1% |
| Tangible fixed assets | 22/27 | €4,106 | €6,738 | +€2,632 | +64.1% |
| Furniture and vehicles | 24 | €4,106 | €6,738 | +€2,632 | +64.1% |
| Current assets | 29/58 | €74,505 | €100,719 | +€26,214 | +35.2% |
| Amounts receivable within one year | 40/41 | €61,098 | €93,656 | +€32,558 | +53.3% |
| Trade receivables | 40 | €40,697 | €58,702 | +€18,005 | +44.2% |
| Other amounts receivable | 41 | €20,401 | €34,954 | +€14,553 | +71.3% |
| Cash at bank and in hand | 54/58 | €11,248 | €5,288 | -€5,960 | -53.0% |
| Deferred charges and accrued income | 490/1 | €2,159 | €1,775 | -€384 | -17.8% |
| Total equity and liabilities | 10/49 | €78,611 | €107,457 | +€28,846 | +36.7% |
| Equity | 10/15 | €57,207 | €8,685 | -€48,522 | -84.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,207 | €6,685 | -€48,522 | -87.9% |
| Amounts payable | 17/49 | €21,404 | €98,772 | +€77,368 | +361% |
| Amounts payable within one year | 42/48 | €21,404 | €98,447 | +€77,042 | +360% |
| Trade debts | 44 | €507 | €1,225 | +€717 | +141% |
| Suppliers | 440/4 | €507 | €1,225 | +€717 | +141% |
| Taxes, remuneration and social security | 45 | €1,200 | €5,252 | +€4,052 | +338% |
| Taxes | 450/3 | €1,200 | €5,252 | +€4,052 | +338% |
| Other amounts payable | 47/48 | €19,697 | €91,970 | +€72,273 | +367% |
| Accrued charges and deferred income | 492/3 | - | €326 | +€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €940 | +€344 | +57.8% |
| Other operating charges | 640/8 | €428 | €507 | +€79 | +18.4% |
| Gross operating margin | 9900 | €73,540 | €71,990 | -€1,549 | -2.1% |
| Operating profit (loss) | 9901 | €72,515 | €70,543 | -€1,972 | -2.7% |
| Financial income | 75/76B | €644 | €77 | -€567 | -88.1% |
| Recurring financial income | 75 | €644 | €77 | -€567 | -88.1% |
| Financial charges | 65/66B | €133 | €67 | -€67 | -50.0% |
| Recurring financial charges | 65 | €133 | €67 | -€67 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €73,026 | €70,553 | -€2,473 | -3.4% |
| Income taxes | 67/77 | €15,357 | €19,075 | +€3,717 | +24.2% |
| Profit (loss) for the period | 9904 | €57,669 | €51,478 | -€6,191 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,669 | €51,478 | -€6,191 | -10.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.