Borremans-Mintjens: 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-Mintjens
Largest movements
- Tangible fixed assets -€23,794
down €23,794 (-17.0%), from €140,190 to €116,395
of which Land and buildings: -€20,698
- Cash +€10,751
up €10,751 (+20.3%), from €52,920 to €63,671
mainly Net result for the year (+€35,531) and Depreciation (+€26,057)
- Receivables within one year -€6,344
down €6,344 (-31.3%), from €20,287 to €13,942
of which Trade receivables: -€9,576
- Debts after one year -€22,996
down €22,996 (-79.5%), from €28,921 to €5,926
- Reserves +€17,231
up €17,231 (+17.9%), from €96,166 to €113,397
of which Distributable reserves: +€17,231
- Tax, wage and social debts -€13,835
down €13,835 (-58.0%), from €23,848 to €10,014
of which Taxes: -€13,322
- Trade debts -€11,547
down €11,547 (-50.6%), from €22,805 to €11,257
- Other debts +€9,485
up €9,485 (+175%), from €5,419 to €14,904
- Gross operating margin -€5,291
down €5,291 (-3.3%), from €159,983 to €154,692
- Other operating charges -€4,384
down €4,384 (-53.1%), from €8,260 to €3,876
- Staff costs -€2,858
down €2,858 (-3.6%), from €78,474 to €75,616
- Taxes -€2,281
down €2,281 (-22.2%), from €10,259 to €7,978
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 | €222,978 | €201,388 | -€21,590 | -9.7% |
| Fixed assets | 21/28 | €141,990 | €117,546 | -€24,444 | -17.2% |
| Intangible fixed assets | 21 | €1,800 | €1,150 | -€650 | -36.1% |
| Tangible fixed assets | 22/27 | €140,190 | €116,395 | -€23,794 | -17.0% |
| Land and buildings | 22 | €126,040 | €105,342 | -€20,698 | -16.4% |
| Plant, machinery and equipment | 23 | €2,675 | €2,074 | -€602 | -22.5% |
| Furniture and vehicles | 24 | €11,474 | €8,980 | -€2,495 | -21.7% |
| Current assets | 29/58 | €80,988 | €83,842 | +€2,854 | +3.5% |
| Stocks and contracts in progress | 3 | €6,181 | €4,660 | -€1,521 | -24.6% |
| Stocks | 30/36 | €6,181 | €4,660 | -€1,521 | -24.6% |
| Amounts receivable within one year | 40/41 | €20,287 | €13,942 | -€6,344 | -31.3% |
| Trade receivables | 40 | €20,287 | €10,710 | -€9,576 | -47.2% |
| Other amounts receivable | 41 | - | €3,232 | +€3,232 | |
| Cash at bank and in hand | 54/58 | €52,920 | €63,671 | +€10,751 | +20.3% |
| Deferred charges and accrued income | 490/1 | €1,600 | €1,568 | -€31 | -2.0% |
| Total equity and liabilities | 10/49 | €222,978 | €201,388 | -€21,590 | -9.7% |
| Equity | 10/15 | €114,766 | €131,997 | +€17,231 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,166 | €113,397 | +€17,231 | +17.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €77,416 | €94,647 | +€17,231 | +22.3% |
| Amounts payable | 17/49 | €108,212 | €69,391 | -€38,821 | -35.9% |
| Amounts payable after more than one year | 17 | €28,921 | €5,926 | -€22,996 | -79.5% |
| Financial debts | 170/4 | €28,921 | €5,926 | -€22,996 | -79.5% |
| Amounts payable within one year | 42/48 | €74,134 | €59,170 | -€14,964 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €22,062 | €22,996 | +€933 | +4.2% |
| Trade debts | 44 | €22,805 | €11,257 | -€11,547 | -50.6% |
| Suppliers | 440/4 | €22,805 | €11,257 | -€11,547 | -50.6% |
| Taxes, remuneration and social security | 45 | €23,848 | €10,014 | -€13,835 | -58.0% |
| Taxes | 450/3 | €16,632 | €3,311 | -€13,322 | -80.1% |
| Remuneration and social security | 454/9 | €7,216 | €6,703 | -€513 | -7.1% |
| Other amounts payable | 47/48 | €5,419 | €14,904 | +€9,485 | +175% |
| Accrued charges and deferred income | 492/3 | €5,157 | €4,295 | -€862 | -16.7% |
| Remuneration, social security and pensions | 62 | €78,474 | €75,616 | -€2,858 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,922 | €26,057 | +€1,135 | +4.6% |
| Other operating charges | 640/8 | €8,260 | €3,876 | -€4,384 | -53.1% |
| Gross operating margin | 9900 | €159,983 | €154,692 | -€5,291 | -3.3% |
| Operating profit (loss) | 9901 | €48,326 | €49,143 | +€816 | +1.7% |
| Financial income | 75/76B | - | €603 | +€603 | |
| Recurring financial income | 75 | - | €603 | +€603 | |
| Financial charges | 65/66B | €7,721 | €6,236 | -€1,485 | -19.2% |
| Recurring financial charges | 65 | €7,721 | €6,236 | -€1,485 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €40,605 | €43,509 | +€2,904 | +7.2% |
| Income taxes | 67/77 | €10,259 | €7,978 | -€2,281 | -22.2% |
| Profit (loss) for the period | 9904 | €30,346 | €35,531 | +€5,185 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,346 | €35,531 | +€5,185 | +17.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.