BORREMANS WIM: 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 WIM
Largest movements
- Tangible fixed assets -€41,580
down €41,580 (-4.6%), from €913,340 to €871,760
of which Land and buildings: -€34,598
- Receivables within one year -€22,093
down €22,093 (-54.9%), from €40,243 to €18,150
of which Trade receivables: -€18,150
- Cash -€21,358
down €21,358 (-27.1%), from €78,692 to €57,334
mainly Other debts (-€37,864) and Debts after one year (-€35,045)
- Other debts -€37,864
down €37,864 (-97.3%), from €38,932 to €1,068
- Debts after one year -€35,045
down €35,045 (-9.4%), from €372,149 to €337,104
- Reserves +€29,866
up €29,866 (+6.2%), from €481,682 to €511,548
of which Distributable reserves: +€32,196
- Tax, wage and social debts -€22,197
down €22,197 (-68.8%), from €32,284 to €10,087
- Short-term financial debts -€21,636
down €21,636 (-82.0%), from €26,378 to €4,742
- Gross operating margin -€12,403
down €12,403 (-11.4%), from €108,793 to €96,390
- Taxes -€3,659
down €3,659 (-17.7%), from €20,618 to €16,959
- Financial charges -€1,166
down €1,166 (-14.9%), from €7,813 to €6,646
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 | €1,034,627 | €950,731 | -€83,896 | -8.1% |
| Fixed assets | 21/28 | €913,340 | €871,760 | -€41,580 | -4.6% |
| Tangible fixed assets | 22/27 | €913,340 | €871,760 | -€41,580 | -4.6% |
| Land and buildings | 22 | €897,048 | €862,450 | -€34,598 | -3.9% |
| Plant, machinery and equipment | 23 | €1 | €0 | -€1 | -100% |
| Furniture and vehicles | 24 | €16,291 | €9,310 | -€6,981 | -42.9% |
| Current assets | 29/58 | €121,287 | €78,971 | -€42,316 | -34.9% |
| Amounts receivable within one year | 40/41 | €40,243 | €18,150 | -€22,093 | -54.9% |
| Trade receivables | 40 | €36,300 | €18,150 | -€18,150 | -50.0% |
| Other amounts receivable | 41 | €3,943 | €0 | -€3,943 | -100% |
| Cash at bank and in hand | 54/58 | €78,692 | €57,334 | -€21,358 | -27.1% |
| Deferred charges and accrued income | 490/1 | €2,352 | €3,487 | +€1,135 | +48.3% |
| Total equity and liabilities | 10/49 | €1,034,627 | €950,731 | -€83,896 | -8.1% |
| Equity | 10/15 | €494,082 | €523,948 | +€29,866 | +6.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €481,682 | €511,548 | +€29,866 | +6.2% |
| Tax-exempt reserves | 132 | €68,091 | €65,760 | -€2,330 | -3.4% |
| Distributable reserves | 133 | €413,591 | €445,788 | +€32,196 | +7.8% |
| Provisions and deferred taxes | 16 | €27,119 | €26,537 | -€583 | -2.1% |
| Provisions for liabilities and charges | 160/5 | €10,097 | €10,097 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,097 | €10,097 | = | 0.0% |
| Deferred taxes | 168 | €17,023 | €16,440 | -€583 | -3.4% |
| Amounts payable | 17/49 | €513,426 | €400,246 | -€113,179 | -22.0% |
| Amounts payable after more than one year | 17 | €372,149 | €337,104 | -€35,045 | -9.4% |
| Financial debts | 170/4 | €372,149 | €337,104 | -€35,045 | -9.4% |
| Amounts payable within one year | 42/48 | €133,294 | €53,692 | -€79,602 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €34,780 | €35,045 | +€265 | +0.8% |
| Financial debts | 43 | €26,378 | €4,742 | -€21,636 | -82.0% |
| Credit institutions | 430/8 | €26,378 | €4,742 | -€21,636 | -82.0% |
| Trade debts | 44 | €919 | €2,750 | +€1,831 | +199% |
| Suppliers | 440/4 | €919 | €2,750 | +€1,831 | +199% |
| Taxes, remuneration and social security | 45 | €32,284 | €10,087 | -€22,197 | -68.8% |
| Taxes | 450/3 | €32,284 | €10,087 | -€22,197 | -68.8% |
| Other amounts payable | 47/48 | €38,932 | €1,068 | -€37,864 | -97.3% |
| Accrued charges and deferred income | 492/3 | €7,983 | €9,450 | +€1,467 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,554 | €41,580 | +€26 | +0.1% |
| Other operating charges | 640/8 | €2,010 | €2,183 | +€174 | +8.6% |
| Gross operating margin | 9900 | €108,793 | €96,390 | -€12,403 | -11.4% |
| Operating profit (loss) | 9901 | €65,230 | €52,626 | -€12,603 | -19.3% |
| Financial income | 75/76B | €202 | €262 | +€60 | +29.7% |
| Recurring financial income | 75 | €202 | €262 | +€60 | +29.7% |
| Financial charges | 65/66B | €7,813 | €6,646 | -€1,166 | -14.9% |
| Recurring financial charges | 65 | €7,813 | €6,646 | -€1,166 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €57,619 | €46,242 | -€11,377 | -19.7% |
| Transfer from deferred taxes | 780 | €583 | €583 | = | 0.0% |
| Income taxes | 67/77 | €20,618 | €16,959 | -€3,659 | -17.7% |
| Profit (loss) for the period | 9904 | €37,584 | €29,866 | -€7,718 | -20.5% |
| Transfer from tax-exempt reserves | 789 | €2,330 | €2,330 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,914 | €32,196 | -€7,718 | -19.3% |
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 30 October 2026 via checked.be.