BORRENS: 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.
BORRENS
Largest movements
- Stocks and contracts +€137,110
up €137,110 (+41.5%), from €330,692 to €467,802
- Cash +€69,006
up €69,006 (+192%), from €35,898 to €104,904
mainly Trade debts (+€81,962) and Net result for the year (+€73,455)
- Receivables within one year -€67,423
down €67,423 (-21.5%), from €314,034 to €246,611
of which Trade receivables: -€67,423
- Trade debts +€81,962
up €81,962 (+46.9%), from €174,861 to €256,823
- Profit (loss) carried forward +€73,455
up €73,455 (+20.7%), from €354,583 to €428,038
- Tax, wage and social debts -€27,319
down €27,319 (-28.4%), from €96,182 to €68,863
of which Taxes: -€39,764
- Other debts +€9,395
up €9,395 (+55.9%), from €16,792 to €26,187
- Gross operating margin -€5,133
down €5,133 (-2.2%), from €228,494 to €223,361
- Taxes -€2,654
down €2,654 (-11.5%), from €23,142 to €20,488
- Staff costs +€2,423
up €2,423 (+2.6%), from €93,010 to €95,433
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 | €727,002 | €860,517 | +€133,515 | +18.4% |
| Fixed assets | 21/28 | €46,042 | €40,023 | -€6,019 | -13.1% |
| Tangible fixed assets | 22/27 | €46,042 | €40,023 | -€6,019 | -13.1% |
| Plant, machinery and equipment | 23 | €32,890 | €22,106 | -€10,784 | -32.8% |
| Furniture and vehicles | 24 | €13,152 | €17,917 | +€4,765 | +36.2% |
| Current assets | 29/58 | €680,960 | €820,494 | +€139,534 | +20.5% |
| Stocks and contracts in progress | 3 | €330,692 | €467,802 | +€137,110 | +41.5% |
| Stocks | 30/36 | €330,692 | €467,802 | +€137,110 | +41.5% |
| Amounts receivable within one year | 40/41 | €314,034 | €246,611 | -€67,423 | -21.5% |
| Trade receivables | 40 | €293,893 | €226,470 | -€67,423 | -22.9% |
| Other amounts receivable | 41 | €20,141 | €20,141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,898 | €104,904 | +€69,006 | +192% |
| Deferred charges and accrued income | 490/1 | €336 | €1,177 | +€841 | +250% |
| Total equity and liabilities | 10/49 | €727,002 | €860,517 | +€133,515 | +18.4% |
| Equity | 10/15 | €368,843 | €442,298 | +€73,455 | +19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €354,583 | €428,038 | +€73,455 | +20.7% |
| Amounts payable | 17/49 | €358,159 | €418,219 | +€60,060 | +16.8% |
| Amounts payable after more than one year | 17 | €5,498 | €1,386 | -€4,112 | -74.8% |
| Financial debts | 170/4 | €5,498 | €1,386 | -€4,112 | -74.8% |
| Amounts payable within one year | 42/48 | €351,879 | €415,985 | +€64,106 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €4,044 | €4,112 | +€68 | +1.7% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €174,861 | €256,823 | +€81,962 | +46.9% |
| Suppliers | 440/4 | €174,861 | €256,823 | +€81,962 | +46.9% |
| Taxes, remuneration and social security | 45 | €96,182 | €68,863 | -€27,319 | -28.4% |
| Taxes | 450/3 | €80,743 | €40,979 | -€39,764 | -49.2% |
| Remuneration and social security | 454/9 | €15,439 | €27,884 | +€12,445 | +80.6% |
| Other amounts payable | 47/48 | €16,792 | €26,187 | +€9,395 | +55.9% |
| Accrued charges and deferred income | 492/3 | €782 | €848 | +€66 | +8.4% |
| Remuneration, social security and pensions | 62 | €93,010 | €95,433 | +€2,423 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,509 | €28,356 | +€847 | +3.1% |
| Other operating charges | 640/8 | €418 | €602 | +€184 | +44.0% |
| Gross operating margin | 9900 | €228,494 | €223,361 | -€5,133 | -2.2% |
| Operating profit (loss) | 9901 | €107,557 | €98,970 | -€8,587 | -8.0% |
| Financial income | 75/76B | €232 | €626 | +€394 | +170% |
| Recurring financial income | 75 | €232 | €626 | +€394 | +170% |
| Financial charges | 65/66B | €5,932 | €5,653 | -€279 | -4.7% |
| Recurring financial charges | 65 | €5,932 | €5,653 | -€279 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €101,857 | €93,943 | -€7,914 | -7.8% |
| Income taxes | 67/77 | €23,142 | €20,488 | -€2,654 | -11.5% |
| Profit (loss) for the period | 9904 | €78,715 | €73,455 | -€5,260 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,715 | €73,455 | -€5,260 | -6.7% |
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 13 October 2026 via checked.be.