BORRENHOF: 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.
BORRENHOF
Largest movements
- Tangible fixed assets +€9,216
up €9,216 (+15.3%), from €60,269 to €69,486
of which Land and buildings: +€18,359
- Receivables within one year +€2,452
up €2,452 (+364.3%), from €673 to €3,125
of which Trade receivables: +€1,335
- Cash -€1,297
down €1,297 (-14.6%), from €8,865 to €7,569
mainly Investment in fixed assets (net) (-€19,592) and Receivables within one year (-€2,452)
- Debts after one year +€3,298
up €3,298 (+12.9%), from €25,544 to €28,842
- Trade debts +€2,939
up €2,939 (+39.5%), from €7,435 to €10,374
- Profit (loss) carried forward +€2,506
up €2,506 (+248.6%), from €1,008 to €3,514
- Tax, wage and social debts +€2,091
up €2,091 (+233.9%), from €894 to €2,985
of which Taxes: +€1,646
- Depreciation -€3,791
down €3,791 (-25.5%), from €14,854 to €11,064
- Gross operating margin -€2,304
down €2,304 (-9.0%), from €25,570 to €23,266
- Staff costs +€2,215
up €2,215 (+39.9%), from €5,553 to €7,768
- Other operating charges -€384
down €384 (-72.7%), from €528 to €144
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 | €81,837 | €91,888 | +€10,051 | +12.3% |
| Fixed assets | 21/28 | €60,957 | €69,486 | +€8,528 | +14.0% |
| Intangible fixed assets | 21 | €688 | - | -€688 | |
| Tangible fixed assets | 22/27 | €60,269 | €69,486 | +€9,216 | +15.3% |
| Land and buildings | 22 | €8,750 | €27,109 | +€18,359 | +209.8% |
| Plant, machinery and equipment | 23 | €39,265 | €31,949 | -€7,316 | -18.6% |
| Furniture and vehicles | 24 | €3 | - | -€3 | |
| Other tangible fixed assets | 26 | €12,251 | €10,427 | -€1,824 | -14.9% |
| Current assets | 29/58 | €20,880 | €22,403 | +€1,523 | +7.3% |
| Stocks and contracts in progress | 3 | €9,420 | €9,920 | +€500 | +5.3% |
| Stocks | 30/36 | €9,420 | €9,920 | +€500 | +5.3% |
| Amounts receivable within one year | 40/41 | €673 | €3,125 | +€2,452 | +364.3% |
| Trade receivables | 40 | - | €1,335 | +€1,335 | |
| Other amounts receivable | 41 | €673 | €1,790 | +€1,117 | +165.9% |
| Cash at bank and in hand | 54/58 | €8,865 | €7,569 | -€1,297 | -14.6% |
| Deferred charges and accrued income | 490/1 | €1,922 | €1,790 | -€132 | -6.9% |
| Total equity and liabilities | 10/49 | €81,837 | €91,888 | +€10,051 | +12.3% |
| Equity | 10/15 | €31,008 | €33,514 | +€2,506 | +8.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,008 | €3,514 | +€2,506 | +248.6% |
| Amounts payable | 17/49 | €50,829 | €58,374 | +€7,545 | +14.8% |
| Amounts payable after more than one year | 17 | €25,544 | €28,842 | +€3,298 | +12.9% |
| Financial debts | 170/4 | €25,544 | €28,842 | +€3,298 | +12.9% |
| Amounts payable within one year | 42/48 | €24,028 | €28,275 | +€4,247 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €15,582 | €14,913 | -€670 | -4.3% |
| Trade debts | 44 | €7,435 | €10,374 | +€2,939 | +39.5% |
| Suppliers | 440/4 | €7,435 | €10,374 | +€2,939 | +39.5% |
| Taxes, remuneration and social security | 45 | €894 | €2,985 | +€2,091 | +233.9% |
| Taxes | 450/3 | €564 | €2,209 | +€1,646 | +291.9% |
| Remuneration and social security | 454/9 | €330 | €776 | +€445 | +134.8% |
| Other amounts payable | 47/48 | €116 | €3 | -€113 | -97.4% |
| Accrued charges and deferred income | 492/3 | €1,258 | €1,258 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €5,553 | €7,768 | +€2,215 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,854 | €11,064 | -€3,791 | -25.5% |
| Other operating charges | 640/8 | €528 | €144 | -€384 | -72.7% |
| Gross operating margin | 9900 | €25,570 | €23,266 | -€2,304 | -9.0% |
| Operating profit (loss) | 9901 | €4,634 | €4,290 | -€344 | -7.4% |
| Financial income | 75/76B | €0 | €5 | +€5 | +2838.9% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2838.9% |
| Financial charges | 65/66B | €1,764 | €1,789 | +€26 | +1.5% |
| Recurring financial charges | 65 | €1,764 | €1,789 | +€26 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €2,871 | €2,506 | -€365 | -12.7% |
| Profit (loss) for the period | 9904 | €2,871 | €2,506 | -€365 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,871 | €2,506 | -€365 | -12.7% |
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 6 October 2026 via checked.be.