BORREMANS: 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.
BORREMANS
Largest movements
- Tangible fixed assets -€271,344
down €271,344 (-6.0%), from €4.5m to €4.3m
- Other debts -€218,287
down €218,287 (-3.8%), from €5.8m to €5.6m
- Profit (loss) carried forward -€71,091
down €71,091 (-4.7%), from -€1.5m to -€1.6m
- Financial charges -€147,021
down €147,021 (-73.1%), from €201,065 to €54,044
- Gross operating margin +€31,982
up €31,982 (+12.6%), from €252,993 to €284,975
- Depreciation -€8,377
down €8,377 (-3.0%), from €279,721 to €271,344
- Other operating charges +€7,827
up €7,827 (+34.2%), from €22,898 to €30,724
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.
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 | €4,574,504 | €4,290,483 | -€284,021 | -6.2% |
| Fixed assets | 21/28 | €4,545,124 | €4,273,780 | -€271,344 | -6.0% |
| Tangible fixed assets | 22/27 | €4,545,124 | €4,273,780 | -€271,344 | -6.0% |
| Land and buildings | 22 | €4,545,124 | €4,273,780 | -€271,344 | -6.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €29,380 | €16,703 | -€12,677 | -43.1% |
| Amounts receivable within one year | 40/41 | €1,843 | €1,544 | -€299 | -16.2% |
| Trade receivables | 40 | - | €751 | +€751 | |
| Other amounts receivable | 41 | €1,843 | €793 | -€1,050 | -57.0% |
| Cash at bank and in hand | 54/58 | €20,301 | €8,130 | -€12,171 | -60.0% |
| Deferred charges and accrued income | 490/1 | €7,237 | €7,028 | -€208 | -2.9% |
| Total equity and liabilities | 10/49 | €4,574,504 | €4,290,483 | -€284,021 | -6.2% |
| Equity | 10/15 | -€1,208,993 | -€1,280,083 | -€71,091 | -5.9% |
| Contributions | 10/11 | €74,300 | €74,300 | = | 0.0% |
| Revaluation surpluses | 12 | €221,106 | €221,106 | = | 0.0% |
| Reserves | 13 | €23,992 | €23,992 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €23,992 | €23,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,528,391 | -€1,599,481 | -€71,091 | -4.7% |
| Amounts payable | 17/49 | €5,783,497 | €5,570,567 | -€212,930 | -3.7% |
| Amounts payable within one year | 42/48 | €5,772,256 | €5,553,879 | -€218,377 | -3.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €183 | €92 | -€90 | -49.5% |
| Suppliers | 440/4 | €183 | €92 | -€90 | -49.5% |
| Other amounts payable | 47/48 | €5,772,073 | €5,553,787 | -€218,287 | -3.8% |
| Accrued charges and deferred income | 492/3 | €11,241 | €16,688 | +€5,447 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,721 | €271,344 | -€8,377 | -3.0% |
| Other operating charges | 640/8 | €22,898 | €30,724 | +€7,827 | +34.2% |
| Gross operating margin | 9900 | €252,993 | €284,975 | +€31,982 | +12.6% |
| Operating profit (loss) | 9901 | -€49,625 | -€17,093 | +€32,532 | +65.6% |
| Financial income | 75/76B | €36 | €46 | +€10 | +26.3% |
| Recurring financial income | 75 | €36 | €46 | +€10 | +26.3% |
| Financial charges | 65/66B | €201,065 | €54,044 | -€147,021 | -73.1% |
| Recurring financial charges | 65 | €201,065 | €54,044 | -€147,021 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | -€250,654 | -€71,091 | +€179,563 | +71.6% |
| Profit (loss) for the period | 9904 | -€250,654 | -€71,091 | +€179,563 | +71.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€250,654 | -€71,091 | +€179,563 | +71.6% |
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 30 September 2026 via checked.be.