BORRINI F: 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.
BORRINI F
Largest movements
- Receivables within one year +€17,331
up €17,331 (+35.2%), from €49,251 to €66,582
of which Trade receivables: +€8,707
- Short-term financial debts -€11,376
no longer reported in 2025 (was €11,376)
- Trade debts +€10,746
up €10,746 (+330%), from €3,253 to €13,999
- Profit (loss) carried forward +€6,858
up €6,858 (+24.6%), from €27,824 to €34,682
- Debts after one year +€6,726
new in 2025: €6,726
- Current portion of long-term debt +€3,971
new in 2025: €3,971
- Other operating charges +€945
new in 2025: €945
- Gross operating margin -€630
down €630 (-7.8%), from €8,060 to €7,430
- Financial charges -€553
down €553 (-29.7%), from €1,862 to €1,309
- Financial income +€147
up €147 (+5.4%), from €2,729 to €2,876
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 | €50,686 | €67,611 | +€16,925 | +33.4% |
| Fixed assets | 21/28 | €1,435 | €719 | -€716 | -49.9% |
| Intangible fixed assets | 21 | €447 | €214 | -€233 | -52.1% |
| Tangible fixed assets | 22/27 | €688 | €205 | -€483 | -70.2% |
| Furniture and vehicles | 24 | €688 | €205 | -€483 | -70.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €49,251 | €66,892 | +€17,641 | +35.8% |
| Amounts receivable within one year | 40/41 | €49,251 | €66,582 | +€17,331 | +35.2% |
| Trade receivables | 40 | €495 | €9,202 | +€8,707 | +1,759% |
| Other amounts receivable | 41 | €48,756 | €57,380 | +€8,624 | +17.7% |
| Cash at bank and in hand | 54/58 | - | €310 | +€310 | |
| Total equity and liabilities | 10/49 | €50,686 | €67,611 | +€16,925 | +33.4% |
| Equity | 10/15 | €34,024 | €40,882 | +€6,858 | +20.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | €27,824 | €34,682 | +€6,858 | +24.6% |
| Amounts payable | 17/49 | €16,662 | €26,729 | +€10,067 | +60.4% |
| Amounts payable after more than one year | 17 | - | €6,726 | +€6,726 | |
| Financial debts | 170/4 | - | €6,726 | +€6,726 | |
| Amounts payable within one year | 42/48 | €16,662 | €20,003 | +€3,341 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,971 | +€3,971 | |
| Financial debts | 43 | €11,376 | - | -€11,376 | |
| Credit institutions | 430/8 | €11,376 | - | -€11,376 | |
| Trade debts | 44 | €3,253 | €13,999 | +€10,746 | +330% |
| Suppliers | 440/4 | €3,253 | €13,999 | +€10,746 | +330% |
| Taxes, remuneration and social security | 45 | €2,033 | €2,033 | = | 0.0% |
| Taxes | 450/3 | €2,033 | €2,033 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452 | €390 | -€62 | -13.7% |
| Other operating charges | 640/8 | - | €945 | +€945 | |
| Non-recurring operating charges | 66A | €198 | €804 | +€606 | +306% |
| Gross operating margin | 9900 | €8,060 | €7,430 | -€630 | -7.8% |
| Operating profit (loss) | 9901 | €7,410 | €5,291 | -€2,119 | -28.6% |
| Financial income | 75/76B | €2,729 | €2,876 | +€147 | +5.4% |
| Recurring financial income | 75 | €2,729 | €2,876 | +€147 | +5.4% |
| Financial charges | 65/66B | €1,862 | €1,309 | -€553 | -29.7% |
| Recurring financial charges | 65 | €1,862 | €1,309 | -€553 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €8,277 | €6,858 | -€1,419 | -17.1% |
| Profit (loss) for the period | 9904 | €8,277 | €6,858 | -€1,419 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,277 | €6,858 | -€1,419 | -17.1% |
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.