De Borghgraaf: 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.
De Borghgraaf
Largest movements
- Tangible fixed assets -€17,226
down €17,226 (-3.7%), from €461,307 to €444,082
of which Land and buildings: -€17,066
- Debts after one year -€17,530
down €17,530 (-6.6%), from €266,260 to €248,730
- Gross operating margin +€714
up €714 (+2.5%), from €28,579 to €29,293
- Other operating charges -€521
down €521 (-33.6%), from €1,552 to €1,030
- Financial charges -€442
down €442 (-5.8%), from €7,568 to €7,127
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.
Cash bridge derived
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 | €468,504 | €455,715 | -€12,790 | -2.7% |
| Fixed assets | 21/28 | €461,307 | €444,082 | -€17,226 | -3.7% |
| Tangible fixed assets | 22/27 | €461,307 | €444,082 | -€17,226 | -3.7% |
| Land and buildings | 22 | €460,646 | €443,580 | -€17,066 | -3.7% |
| Plant, machinery and equipment | 23 | €661 | €501 | -€160 | -24.2% |
| Current assets | 29/58 | €7,197 | €11,633 | +€4,436 | +61.6% |
| Cash at bank and in hand | 54/58 | €7,053 | €11,489 | +€4,435 | +62.9% |
| Deferred charges and accrued income | 490/1 | €144 | €145 | +€1 | +0.7% |
| Total equity and liabilities | 10/49 | €468,504 | €455,715 | -€12,790 | -2.7% |
| Equity | 10/15 | -€11,958 | -€8,036 | +€3,921 | +32.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,958 | -€11,036 | +€3,921 | +26.2% |
| Amounts payable | 17/49 | €480,462 | €463,751 | -€16,711 | -3.5% |
| Amounts payable after more than one year | 17 | €266,260 | €248,730 | -€17,530 | -6.6% |
| Financial debts | 170/4 | €266,260 | €248,730 | -€17,530 | -6.6% |
| Amounts payable within one year | 42/48 | €214,202 | €215,021 | +€819 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €17,093 | €17,530 | +€437 | +2.6% |
| Trade debts | 44 | €1,272 | €739 | -€533 | -41.9% |
| Suppliers | 440/4 | €1,272 | €739 | -€533 | -41.9% |
| Other amounts payable | 47/48 | €195,837 | €196,752 | +€915 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,066 | €17,226 | +€160 | +0.9% |
| Other operating charges | 640/8 | €1,552 | €1,030 | -€521 | -33.6% |
| Gross operating margin | 9900 | €28,579 | €29,293 | +€714 | +2.5% |
| Operating profit (loss) | 9901 | €9,961 | €11,037 | +€1,075 | +10.8% |
| Financial income | 75/76B | €11 | €11 | +€0 | +0.1% |
| Recurring financial income | 75 | €11 | €11 | +€0 | +0.1% |
| Financial charges | 65/66B | €7,568 | €7,127 | -€442 | -5.8% |
| Recurring financial charges | 65 | €7,568 | €7,127 | -€442 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €2,404 | €3,921 | +€1,517 | +63.1% |
| Profit (loss) for the period | 9904 | €2,404 | €3,921 | +€1,517 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,404 | €3,921 | +€1,517 | +63.1% |
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 10 October 2026 via checked.be.