BORREMANS FREDDY: 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.
BORREMANS FREDDY
Largest movements
- Tangible fixed assets -€17,506
down €17,506 (-28.6%), from €61,203 to €43,698
of which Plant, machinery and equipment: -€12,647
- Cash -€11,579
down €11,579 (-29.8%), from €38,815 to €27,236
mainly Tax, wage and social debts (-€16,730) and Net result for the year (-€8,548)
- Receivables within one year +€6,466
up €6,466 (+15.1%), from €42,771 to €49,237
of which Other amounts receivable: +€7,038
- Stocks and contracts -€5,801
down €5,801 (-50.5%), from €11,480 to €5,679
- Tax, wage and social debts -€16,730
down €16,730 (-91.6%), from €18,256 to €1,526
of which Taxes: -€16,730
- Profit (loss) carried forward -€8,548
down €8,548 (-53.9%), from -€15,872 to -€24,420
- Trade debts -€3,824
down €3,824 (-16.6%), from €23,100 to €19,276
- Gross operating margin +€15,195
up €15,195, from -€7,678 to €7,517
- Financial charges -€5,190
down €5,190 (-71.3%), from €7,281 to €2,092
- Financial income -€2,924
down €2,924 (-87.0%), from €3,359 to €436
- Depreciation +€2,616
up €2,616 (+70.4%), from €3,714 to €6,330
- Other operating charges -€1,298
down €1,298 (-68.3%), from €1,900 to €602
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 | €156,131 | €126,211 | -€29,920 | -19.2% |
| Fixed assets | 21/28 | €63,065 | €44,059 | -€19,006 | -30.1% |
| Tangible fixed assets | 22/27 | €61,203 | €43,698 | -€17,506 | -28.6% |
| Land and buildings | 22 | €4,427 | €3,467 | -€960 | -21.7% |
| Plant, machinery and equipment | 23 | €36,498 | €23,851 | -€12,647 | -34.7% |
| Furniture and vehicles | 24 | €11,037 | €8,889 | -€2,148 | -19.5% |
| Other tangible fixed assets | 26 | €9,241 | €7,491 | -€1,751 | -18.9% |
| Financial fixed assets | 28 | €1,861 | €361 | -€1,500 | -80.6% |
| Current assets | 29/58 | €93,066 | €82,152 | -€10,915 | -11.7% |
| Stocks and contracts in progress | 3 | €11,480 | €5,679 | -€5,801 | -50.5% |
| Stocks | 30/36 | €11,480 | €5,679 | -€5,801 | -50.5% |
| Amounts receivable within one year | 40/41 | €42,771 | €49,237 | +€6,466 | +15.1% |
| Trade receivables | 40 | €30,567 | €29,995 | -€572 | -1.9% |
| Other amounts receivable | 41 | €12,203 | €19,242 | +€7,038 | +57.7% |
| Cash at bank and in hand | 54/58 | €38,815 | €27,236 | -€11,579 | -29.8% |
| Total equity and liabilities | 10/49 | €156,131 | €126,211 | -€29,920 | -19.2% |
| Equity | 10/15 | €91,630 | €83,082 | -€8,548 | -9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €95,102 | €95,102 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €9,201 | €9,201 | = | 0.0% |
| Distributable reserves | 133 | €85,901 | €85,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,872 | -€24,420 | -€8,548 | -53.9% |
| Amounts payable | 17/49 | €64,501 | €43,128 | -€21,372 | -33.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €64,501 | €43,128 | -€21,372 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €3,973 | €2,696 | -€1,277 | -32.2% |
| Financial debts | 43 | €717 | €0 | -€717 | -100% |
| Credit institutions | 430/8 | €717 | €0 | -€717 | -100% |
| Trade debts | 44 | €23,100 | €19,276 | -€3,824 | -16.6% |
| Suppliers | 440/4 | €23,100 | €19,276 | -€3,824 | -16.6% |
| Taxes, remuneration and social security | 45 | €18,256 | €1,526 | -€16,730 | -91.6% |
| Taxes | 450/3 | €18,256 | €1,526 | -€16,730 | -91.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €18,454 | €19,630 | +€1,176 | +6.4% |
| Non-recurring operating income | 76A | €0 | €15,167 | +€15,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,714 | €6,330 | +€2,616 | +70.4% |
| Other operating charges | 640/8 | €1,900 | €602 | -€1,298 | -68.3% |
| Non-recurring operating charges | 66A | - | €7,238 | +€7,238 | |
| Gross operating margin | 9900 | -€7,678 | €7,517 | +€15,195 | |
| Operating profit (loss) | 9901 | -€13,292 | -€6,653 | +€6,640 | +49.9% |
| Financial income | 75/76B | €3,359 | €436 | -€2,924 | -87.0% |
| Recurring financial income | 75 | €3,359 | €436 | -€2,924 | -87.0% |
| Financial charges | 65/66B | €7,281 | €2,092 | -€5,190 | -71.3% |
| Recurring financial charges | 65 | €7,281 | €2,092 | -€5,190 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,215 | -€8,309 | +€8,905 | +51.7% |
| Income taxes | 67/77 | €254 | €239 | -€15 | -6.0% |
| Profit (loss) for the period | 9904 | -€17,469 | -€8,548 | +€8,921 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,469 | -€8,548 | +€8,921 | +51.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.