BORREY & PARTNERS: 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.
BORREY & PARTNERS
Largest movements
- Cash +€133,596
up €133,596 (+383%), from €34,922 to €168,518
mainly Other debts (+€210,585) and Net result for the year (+€208,447)
- Receivables within one year +€7,794
up €7,794 (+17.6%), from €44,253 to €52,047
of which Trade receivables: +€19,809
- Deferred charges and accrued income +€3,518
up €3,518 (+594%), from €593 to €4,111
- Other debts +€210,585
up €210,585 (+15,108%), from €1,394 to €211,979
- Reserves -€89,553
down €89,553 (-96.1%), from €93,218 to €3,666
of which Distributable reserves: -€89,553
- Current portion of long-term debt +€16,150
new in 2025: €16,150
- Tax, wage and social debts +€8,764
up €8,764 (+181%), from €4,841 to €13,606
- Gross operating margin +€188,215
up €188,215 (+173%), from €108,555 to €296,770
- Taxes +€46,795
up €46,795 (+194%), from €24,146 to €70,941
- Other operating charges +€14,257
up €14,257 (+1,680%), from €848 to €15,105
- Depreciation -€13,629
down €13,629 (-85.6%), from €15,914 to €2,286
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 | €122,986 | €268,540 | +€145,554 | +118% |
| Fixed assets | 21/28 | €43,219 | €43,864 | +€645 | +1.5% |
| Tangible fixed assets | 22/27 | €43,219 | €43,864 | +€645 | +1.5% |
| Plant, machinery and equipment | 23 | €7,088 | €126 | -€6,961 | -98.2% |
| Furniture and vehicles | 24 | €36,131 | €43,738 | +€7,606 | +21.1% |
| Current assets | 29/58 | €79,767 | €224,676 | +€144,909 | +182% |
| Amounts receivable within one year | 40/41 | €44,253 | €52,047 | +€7,794 | +17.6% |
| Trade receivables | 40 | €726 | €20,535 | +€19,809 | +2,729% |
| Other amounts receivable | 41 | €43,527 | €31,511 | -€12,015 | -27.6% |
| Cash at bank and in hand | 54/58 | €34,922 | €168,518 | +€133,596 | +383% |
| Deferred charges and accrued income | 490/1 | €593 | €4,111 | +€3,518 | +594% |
| Total equity and liabilities | 10/49 | €122,986 | €268,540 | +€145,554 | +118% |
| Equity | 10/15 | €113,218 | €23,666 | -€89,553 | -79.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €93,218 | €3,666 | -€89,553 | -96.1% |
| Tax-exempt reserves | 132 | €2,027 | €2,027 | = | 0.0% |
| Distributable reserves | 133 | €91,192 | €1,639 | -€89,553 | -98.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,768 | €244,875 | +€235,107 | +2,407% |
| Amounts payable within one year | 42/48 | €9,537 | €244,875 | +€235,338 | +2,468% |
| Current portion of amounts payable after more than one year | 42 | - | €16,150 | +€16,150 | |
| Trade debts | 44 | €3,302 | €3,140 | -€161 | -4.9% |
| Suppliers | 440/4 | €3,302 | €3,140 | -€161 | -4.9% |
| Taxes, remuneration and social security | 45 | €4,841 | €13,606 | +€8,764 | +181% |
| Taxes | 450/3 | €4,841 | €13,606 | +€8,764 | +181% |
| Other amounts payable | 47/48 | €1,394 | €211,979 | +€210,585 | +15,108% |
| Accrued charges and deferred income | 492/3 | €231 | €0 | -€231 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,914 | €2,286 | -€13,629 | -85.6% |
| Other operating charges | 640/8 | €848 | €15,105 | +€14,257 | +1,680% |
| Gross operating margin | 9900 | €108,555 | €296,770 | +€188,215 | +173% |
| Operating profit (loss) | 9901 | €91,792 | €279,379 | +€187,587 | +204% |
| Financial income | 75/76B | €823 | €913 | +€90 | +10.9% |
| Recurring financial income | 75 | €823 | €913 | +€90 | +10.9% |
| Financial charges | 65/66B | €378 | €904 | +€526 | +139% |
| Recurring financial charges | 65 | €378 | €904 | +€526 | +139% |
| Profit (loss) for the period before taxes | 9903 | €92,238 | €279,388 | +€187,150 | +203% |
| Income taxes | 67/77 | €24,146 | €70,941 | +€46,795 | +194% |
| Profit (loss) for the period | 9904 | €68,092 | €208,447 | +€140,355 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €68,092 | €208,447 | +€140,355 | +206% |
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 29 October 2026 via checked.be.