BORREMAN - BEIRINCKX: what changed
BORREMAN - BEIRINCKX
Largest movements
- Tangible fixed assets -€11,071
down €11,071 (-4.6%), from €240,948 to €229,877
of which Land and buildings: -€13,694
- Cash -€4,216
down €4,216 (-60.5%), from €6,971 to €2,755
mainly Contributions, distributions and other (-€38,397) and Net result for the year (-€13,671)
- Receivables within one year +€2,500
new in 2025: €2,500
- Reserves -€53,397
down €53,397 (-46.4%), from €115,159 to €61,761
- Trade debts +€23,177
up €23,177 (+62.1%), from €37,326 to €60,503
- Other debts +€19,611
up €19,611 (+23.1%), from €85,078 to €104,688
- Current portion of long-term debt -€3,239
no longer reported in 2025 (was €3,239)
- Short-term financial debts +€3,000
new in 2025: €3,000
- Gross operating margin -€26,089
down €26,089 (-74.4%), from €35,061 to €8,972
- Taxes -€5,174
down €5,174, from €4,898 to -€275
- Financial charges -€898
down €898 (-70.4%), from €1,275 to €377
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,258 | €237,061 | -€12,197 | -4.9% |
| Fixed assets | 21/28 | €240,948 | €229,877 | -€11,071 | -4.6% |
| Tangible fixed assets | 22/27 | €240,948 | €229,877 | -€11,071 | -4.6% |
| Land and buildings | 22 | €236,084 | €222,390 | -€13,694 | -5.8% |
| Plant, machinery and equipment | 23 | €3,229 | €2,846 | -€383 | -11.9% |
| Furniture and vehicles | 24 | €1,635 | €4,641 | +€3,006 | +184% |
| Current assets | 29/58 | €8,310 | €7,184 | -€1,126 | -13.5% |
| Amounts receivable within one year | 40/41 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €6,971 | €2,755 | -€4,216 | -60.5% |
| Deferred charges and accrued income | 490/1 | €1,339 | €1,929 | +€590 | +44.1% |
| Total equity and liabilities | 10/49 | €249,258 | €237,061 | -€12,197 | -4.9% |
| Equity | 10/15 | €120,938 | €68,870 | -€52,068 | -43.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €115,159 | €61,761 | -€53,397 | -46.4% |
| Distributable reserves | 133 | €115,159 | €61,761 | -€53,397 | -46.4% |
| Profit (loss) carried forward | 14 | -€421 | €908 | +€1,329 | |
| Amounts payable | 17/49 | €128,320 | €168,191 | +€39,872 | +31.1% |
| Amounts payable within one year | 42/48 | €128,308 | €168,191 | +€39,884 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €3,239 | - | -€3,239 | |
| Financial debts | 43 | - | €3,000 | +€3,000 | |
| Credit institutions | 430/8 | - | €3,000 | +€3,000 | |
| Trade debts | 44 | €37,326 | €60,503 | +€23,177 | +62.1% |
| Suppliers | 440/4 | €37,326 | €60,503 | +€23,177 | +62.1% |
| Taxes, remuneration and social security | 45 | €2,665 | - | -€2,665 | |
| Taxes | 450/3 | €2,665 | - | -€2,665 | |
| Other amounts payable | 47/48 | €85,078 | €104,688 | +€19,611 | +23.1% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,253 | €19,420 | +€168 | +0.9% |
| Other operating charges | 640/8 | €3,059 | €3,154 | +€94 | +3.1% |
| Gross operating margin | 9900 | €35,061 | €8,972 | -€26,089 | -74.4% |
| Operating profit (loss) | 9901 | €12,749 | -€13,602 | -€26,351 | |
| Financial income | 75/76B | €30 | €33 | +€3 | +10.4% |
| Recurring financial income | 75 | €30 | €33 | +€3 | +10.4% |
| Financial charges | 65/66B | €1,275 | €377 | -€898 | -70.4% |
| Recurring financial charges | 65 | €1,275 | €377 | -€898 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | €11,504 | -€13,946 | -€25,450 | |
| Income taxes | 67/77 | €4,898 | -€275 | -€5,174 | |
| Profit (loss) for the period | 9904 | €6,605 | -€13,671 | -€20,276 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,605 | -€13,671 | -€20,276 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.