BORZ TRANS: 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.
BORZ TRANS
Largest movements
- Receivables within one year -€77,954
down €77,954 (-42.9%), from €181,733 to €103,779
of which Trade receivables: -€111,235
- Tangible fixed assets -€53,156
down €53,156 (-13.3%), from €401,089 to €347,933
of which Furniture and vehicles: -€87,355
- Deferred charges and accrued income +€22,077
new in 2024: €22,077
- Cash -€17,465
down €17,465 (-99.9%), from €17,490 to €25
mainly Net result for the year (-€136,187) and Current portion of long-term debt (-€85,991)
- Profit (loss) carried forward -€136,187
down €136,187, from €907 to -€135,279
- Current portion of long-term debt -€85,991
down €85,991 (-43.6%), from €197,059 to €111,068
- Other debts +€47,288
up €47,288 (+2,497%), from €1,894 to €49,182
- Short-term financial debts +€34,220
new in 2024: €34,220
- Tax, wage and social debts +€27,846
up €27,846 (+63.1%), from €44,103 to €71,949
of which Taxes: +€27,613
- Gross operating margin -€175,915
down €175,915 (-54.2%), from €324,465 to €148,550
- Staff costs -€111,067
down €111,067 (-56.3%), from €197,270 to €86,202
- Other operating charges -€52,014
down €52,014 (-75.2%), from €69,140 to €17,126
- Financial charges +€38,940
up €38,940 (+140%), from €27,872 to €66,812
of which Non-recurring financial charges: +€37,401
- Depreciation -€10,622
down €10,622 (-8.9%), from €119,121 to €108,499
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €641,882 | €515,384 | -€126,498 | -19.7% |
| Fixed assets | 21/28 | €442,659 | €389,503 | -€53,156 | -12.0% |
| Tangible fixed assets | 22/27 | €401,089 | €347,933 | -€53,156 | -13.3% |
| Plant, machinery and equipment | 23 | €17,302 | €14,933 | -€2,370 | -13.7% |
| Furniture and vehicles | 24 | €263,590 | €176,235 | -€87,355 | -33.1% |
| Leasing and similar rights | 25 | €114,400 | €151,629 | +€37,229 | +32.5% |
| Other tangible fixed assets | 26 | €5,797 | €5,137 | -€660 | -11.4% |
| Financial fixed assets | 28 | €41,570 | €41,570 | = | 0.0% |
| Current assets | 29/58 | €199,223 | €125,881 | -€73,342 | -36.8% |
| Amounts receivable within one year | 40/41 | €181,733 | €103,779 | -€77,954 | -42.9% |
| Trade receivables | 40 | €181,733 | €70,497 | -€111,235 | -61.2% |
| Other amounts receivable | 41 | - | €33,281 | +€33,281 | |
| Cash at bank and in hand | 54/58 | €17,490 | €25 | -€17,465 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €22,077 | +€22,077 | |
| Total equity and liabilities | 10/49 | €641,882 | €515,384 | -€126,498 | -19.7% |
| Equity | 10/15 | €10,907 | -€125,279 | -€136,187 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Share premium | 1100/10 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €907 | -€135,279 | -€136,187 | |
| Amounts payable | 17/49 | €630,975 | €640,664 | +€9,689 | +1.5% |
| Amounts payable after more than one year | 17 | €220,014 | €193,409 | -€26,605 | -12.1% |
| Financial debts | 170/4 | €220,014 | €193,409 | -€26,605 | -12.1% |
| Amounts payable within one year | 42/48 | €410,960 | €447,255 | +€36,294 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €197,059 | €111,068 | -€85,991 | -43.6% |
| Financial debts | 43 | - | €34,220 | +€34,220 | |
| Credit institutions | 430/8 | - | €34,220 | +€34,220 | |
| Trade debts | 44 | €167,905 | €180,836 | +€12,931 | +7.7% |
| Suppliers | 440/4 | €167,905 | €180,836 | +€12,931 | +7.7% |
| Taxes, remuneration and social security | 45 | €44,103 | €71,949 | +€27,846 | +63.1% |
| Taxes | 450/3 | €44,103 | €71,716 | +€27,613 | +62.6% |
| Remuneration and social security | 454/9 | - | €233 | +€233 | |
| Other amounts payable | 47/48 | €1,894 | €49,182 | +€47,288 | +2,497% |
| Non-recurring operating income | 76A | - | €96,600 | +€96,600 | |
| Remuneration, social security and pensions | 62 | €197,270 | €86,202 | -€111,067 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,121 | €108,499 | -€10,622 | -8.9% |
| Other operating charges | 640/8 | €69,140 | €17,126 | -€52,014 | -75.2% |
| Non-recurring operating charges | 66A | - | €5,611 | +€5,611 | |
| Gross operating margin | 9900 | €324,465 | €148,550 | -€175,915 | -54.2% |
| Operating profit (loss) | 9901 | -€61,066 | -€68,888 | -€7,823 | -12.8% |
| Financial income | 75/76B | €0 | €1,342 | +€1,342 | |
| Recurring financial income | 75 | €0 | €1,342 | +€1,342 | |
| Financial charges | 65/66B | €27,872 | €66,812 | +€38,940 | +140% |
| Recurring financial charges | 65 | €27,872 | €29,411 | +€1,539 | +5.5% |
| Non-recurring financial charges | 66B | - | €37,401 | +€37,401 | |
| Profit (loss) for the period before taxes | 9903 | -€88,937 | -€134,358 | -€45,421 | -51.1% |
| Income taxes | 67/77 | - | €1,828 | +€1,828 | |
| Profit (loss) for the period | 9904 | -€88,937 | -€136,187 | -€47,249 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,937 | -€136,187 | -€47,249 | -53.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.