BORSUT Fils: what changed
What changed
BORSUT Fils
NACE 47.722, Retail trade
filed annual accounts (NBB)
Net result for the year
-€7,828
2024 · -€8,914+€1,086
Equity
€87,718
2024 · €95,546-€7,828
Cash
€35,178
2024 · €35,032+€146
Balance sheet total
€214,872
2024 · €230,593-€15,722
Largest movements
Assets
- Tangible fixed assets -€11,779
down €11,779 (-8.6%), from €137,229 to €125,450
of which Land and buildings: -€10,210
- Receivables within one year -€4,251
down €4,251 (-100%), from €4,251 to €0
of which Trade receivables: -€4,251
Equity and liabilities
- Profit (loss) carried forward -€7,828
down €7,828 (-85.0%), from -€9,211 to -€17,039
- Debts after one year -€6,002
down €6,002 (-7.3%), from €81,992 to €75,991
- Tax, wage and social debts -€5,915
down €5,915 (-51.3%), from €11,537 to €5,622
of which Remuneration and social security: -€6,000
- Other debts +€2,545
up €2,545 (+7.8%), from €32,647 to €35,193
Income statement
- Gross operating margin +€590
up €590 (+6.9%), from €8,559 to €9,149
- Depreciation -€380
down €380 (-3.1%), from €12,159 to €11,779
- Other operating charges -€315
down €315 (-9.6%), from €3,273 to €2,958
- Financial charges +€263
up €263 (+8.4%), from €3,123 to €3,386
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,914
Gross operating margin
+€590
Depreciation
+€380
Other operating charges
+€315
Other operating items
+€8
Financial income
+€67
Financial charges
-€263
Taxes
-€11
Result 2025
-€7,828
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,995
Investment
€0
Financing
-€5,849
Cash 2024
€35,032
From operations (derived)
+€5,995
Net result for the year
-€7,828
Depreciation
+€11,779
Stocks and contracts
-€201
Receivables within one year
+€4,251
Deferred charges and accrued income
+€39
Trade debts
+€892
Tax, wage and social debts
-€5,915
Other debts
+€2,545
Accrued charges and deferred income
+€433
Financing
-€5,849
Debts after one year
-€6,002
Current portion of long-term debt
+€153
Cash 2025
€35,178
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,593 | €214,872 | -€15,722 | -6.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €137,229 | €125,450 | -€11,779 | -8.6% |
| Tangible fixed assets | 22/27 | €137,229 | €125,450 | -€11,779 | -8.6% |
| Land and buildings | 22 | €130,557 | €120,347 | -€10,210 | -7.8% |
| Plant, machinery and equipment | 23 | €6,432 | €5,103 | -€1,329 | -20.7% |
| Furniture and vehicles | 24 | €239 | €0 | -€239 | -100% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €93,365 | €89,422 | -€3,943 | -4.2% |
| Stocks and contracts in progress | 3 | €53,922 | €54,123 | +€201 | +0.4% |
| Stocks | 30/36 | €53,922 | €54,123 | +€201 | +0.4% |
| Amounts receivable within one year | 40/41 | €4,251 | €0 | -€4,251 | -100% |
| Trade receivables | 40 | €4,251 | €0 | -€4,251 | -100% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €35,032 | €35,178 | +€146 | +0.4% |
| Deferred charges and accrued income | 490/1 | €160 | €121 | -€39 | -24.2% |
| Total equity and liabilities | 10/49 | €230,593 | €214,872 | -€15,722 | -6.8% |
| Equity | 10/15 | €95,546 | €87,718 | -€7,828 | -8.2% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €79,956 | €79,956 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,926 | €2,926 | = | 0.0% |
| Distributable reserves | 133 | €77,030 | €77,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,211 | -€17,039 | -€7,828 | -85.0% |
| Amounts payable | 17/49 | €135,048 | €127,154 | -€7,894 | -5.8% |
| Amounts payable after more than one year | 17 | €81,992 | €75,991 | -€6,002 | -7.3% |
| Financial debts | 170/4 | €81,992 | €75,991 | -€6,002 | -7.3% |
| Amounts payable within one year | 42/48 | €52,658 | €50,333 | -€2,325 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €5,849 | €6,002 | +€153 | +2.6% |
| Trade debts | 44 | €2,625 | €3,516 | +€892 | +34.0% |
| Suppliers | 440/4 | €2,625 | €3,516 | +€892 | +34.0% |
| Taxes, remuneration and social security | 45 | €11,537 | €5,622 | -€5,915 | -51.3% |
| Taxes | 450/3 | €5,537 | €5,622 | +€85 | +1.5% |
| Remuneration and social security | 454/9 | €6,000 | €0 | -€6,000 | -100% |
| Other amounts payable | 47/48 | €32,647 | €35,193 | +€2,545 | +7.8% |
| Accrued charges and deferred income | 492/3 | €397 | €830 | +€433 | +109% |
| Non-recurring operating income | 76A | €2 | €1 | -€1 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,159 | €11,779 | -€380 | -3.1% |
| Other operating charges | 640/8 | €3,273 | €2,958 | -€315 | -9.6% |
| Non-recurring operating charges | 66A | €9 | €0 | -€8 | -98.5% |
| Gross operating margin | 9900 | €8,559 | €9,149 | +€590 | +6.9% |
| Operating profit (loss) | 9901 | -€6,881 | -€5,588 | +€1,293 | +18.8% |
| Financial income | 75/76B | €1,364 | €1,431 | +€67 | +4.9% |
| Recurring financial income | 75 | €1,364 | €1,431 | +€67 | +4.9% |
| Financial charges | 65/66B | €3,123 | €3,386 | +€263 | +8.4% |
| Recurring financial charges | 65 | €3,123 | €3,386 | +€263 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,640 | -€7,543 | +€1,097 | +12.7% |
| Income taxes | 67/77 | €274 | €285 | +€11 | +4.1% |
| Profit (loss) for the period | 9904 | -€8,914 | -€7,828 | +€1,086 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,914 | -€7,828 | +€1,086 | +12.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.