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
- Cash +€1,968
up €1,968 (+569.0%), from €346 to €2,314
mainly Net result for the year (+€15,998) and Depreciation (+€1,679)
- Tangible fixed assets -€1,679
down €1,679 (-19.9%), from €8,431 to €6,752
of which Other tangible fixed assets: -€1,325
- Receivables within one year +€446
up €446 (+13.1%), from €3,408 to €3,854
of which Trade receivables: +€595
- Profit (loss) carried forward +€15,998
up €15,998 (+49.1%), from -€32,566 to -€16,568
- Debts after one year -€11,001
down €11,001 (-60.9%), from €18,074 to €7,073
- Trade debts -€2,218
down €2,218 (-82.2%), from €2,699 to €481
- Tax, wage and social debts -€2,044
down €2,044 (-60.5%), from €3,379 to €1,334
- Gross operating margin +€11,033
up €11,033 (+150.5%), from €7,329 to €18,362
- Financial charges -€2,385
down €2,385 (-90.8%), from €2,628 to €242
- Other operating charges -€707
down €707 (-61.5%), from €1,150 to €443
- Taxes -€250
down €250 (-100.0%), from €250 to €0
- Depreciation -€220
down €220 (-11.6%), from €1,899 to €1,679
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 | €12,186 | €12,920 | +€734 | +6.0% |
| Fixed assets | 21/28 | €8,431 | €6,752 | -€1,679 | -19.9% |
| Tangible fixed assets | 22/27 | €8,431 | €6,752 | -€1,679 | -19.9% |
| Furniture and vehicles | 24 | €354 | €0 | -€354 | -100.0% |
| Other tangible fixed assets | 26 | €8,078 | €6,752 | -€1,325 | -16.4% |
| Current assets | 29/58 | €3,754 | €6,168 | +€2,413 | +64.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,408 | €3,854 | +€446 | +13.1% |
| Trade receivables | 40 | €3,259 | €3,854 | +€595 | +18.3% |
| Other amounts receivable | 41 | €150 | €0 | -€150 | -100.0% |
| Cash at bank and in hand | 54/58 | €346 | €2,314 | +€1,968 | +569.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €12,186 | €12,920 | +€734 | +6.0% |
| Equity | 10/15 | -€11,966 | €4,032 | +€15,998 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,566 | -€16,568 | +€15,998 | +49.1% |
| Amounts payable | 17/49 | €24,151 | €8,888 | -€15,264 | -63.2% |
| Amounts payable after more than one year | 17 | €18,074 | €7,073 | -€11,001 | -60.9% |
| Other amounts payable | 178/9 | €18,074 | €7,073 | -€11,001 | -60.9% |
| Amounts payable within one year | 42/48 | €6,078 | €1,815 | -€4,262 | -70.1% |
| Trade debts | 44 | €2,699 | €481 | -€2,218 | -82.2% |
| Suppliers | 440/4 | €2,699 | €481 | -€2,218 | -82.2% |
| Taxes, remuneration and social security | 45 | €3,379 | €1,334 | -€2,044 | -60.5% |
| Taxes | 450/3 | €3,379 | €1,334 | -€2,044 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,899 | €1,679 | -€220 | -11.6% |
| Other operating charges | 640/8 | €1,150 | €443 | -€707 | -61.5% |
| Gross operating margin | 9900 | €7,329 | €18,362 | +€11,033 | +150.5% |
| Operating profit (loss) | 9901 | €4,280 | €16,240 | +€11,960 | +279.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,628 | €242 | -€2,385 | -90.8% |
| Recurring financial charges | 65 | €2,628 | €242 | -€2,385 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | €1,653 | €15,998 | +€14,345 | +868.0% |
| Income taxes | 67/77 | €250 | €0 | -€250 | -100.0% |
| Profit (loss) for the period | 9904 | €1,402 | €15,998 | +€14,596 | +1040.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,402 | €15,998 | +€14,596 | +1040.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.