DE BORN: 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 BORN
Largest movements
- Tangible fixed assets +€358,718
up €358,718 (+121.8%), from €294,426 to €653,144
of which Other tangible fixed assets: +€358,687
- Cash +€67,396
up €67,396 (+31.8%), from €211,863 to €279,259
mainly Debts after one year (+€443,333) and Net result for the year (+€200,206)
- Receivables within one year +€22,787
new in 2026: €22,787
- Debts after one year +€443,333
new in 2026: €443,333
of which Financial debts: +€343,333
- Other debts -€169,261
down €169,261 (-55.8%), from €303,475 to €134,214
- Profit (loss) carried forward +€153,540
up €153,540 (+184.9%), from €83,040 to €236,580
- Current portion of long-term debt +€40,000
new in 2026: €40,000
- Tax, wage and social debts -€14,550
down €14,550 (-33.7%), from €43,178 to €28,629
- Gross operating margin +€72,653
up €72,653 (+34.9%), from €208,211 to €280,864
- Depreciation -€27,939
down €27,939 (-44.8%), from €62,350 to €34,411
- Financial charges +€12,548
up €12,548 (+11933.8%), from €105 to €12,654
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €506,290 | €955,190 | +€448,901 | +88.7% |
| Fixed assets | 21/28 | €294,426 | €653,144 | +€358,718 | +121.8% |
| Tangible fixed assets | 22/27 | €294,426 | €653,144 | +€358,718 | +121.8% |
| Plant, machinery and equipment | 23 | €2,698 | €1,798 | -€900 | -33.4% |
| Furniture and vehicles | 24 | €5,030 | €5,962 | +€931 | +18.5% |
| Other tangible fixed assets | 26 | €286,698 | €645,384 | +€358,687 | +125.1% |
| Current assets | 29/58 | €211,863 | €302,046 | +€90,183 | +42.6% |
| Amounts receivable within one year | 40/41 | - | €22,787 | +€22,787 | |
| Trade receivables | 40 | - | €22,787 | +€22,787 | |
| Cash at bank and in hand | 54/58 | €211,863 | €279,259 | +€67,396 | +31.8% |
| Total equity and liabilities | 10/49 | €506,290 | €955,190 | +€448,901 | +88.7% |
| Equity | 10/15 | €108,640 | €262,180 | +€153,540 | +141.3% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,040 | €236,580 | +€153,540 | +184.9% |
| Amounts payable | 17/49 | €397,650 | €693,011 | +€295,361 | +74.3% |
| Amounts payable after more than one year | 17 | - | €443,333 | +€443,333 | |
| Financial debts | 170/4 | - | €343,333 | +€343,333 | |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €397,650 | €242,597 | -€155,053 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €50,997 | €39,755 | -€11,242 | -22.0% |
| Suppliers | 440/4 | €50,997 | €39,755 | -€11,242 | -22.0% |
| Taxes, remuneration and social security | 45 | €43,178 | €28,629 | -€14,550 | -33.7% |
| Taxes | 450/3 | €43,178 | €28,629 | -€14,550 | -33.7% |
| Other amounts payable | 47/48 | €303,475 | €134,214 | -€169,261 | -55.8% |
| Accrued charges and deferred income | 492/3 | - | €7,080 | +€7,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,350 | €34,411 | -€27,939 | -44.8% |
| Other operating charges | 640/8 | €550 | €128 | -€422 | -76.7% |
| Gross operating margin | 9900 | €208,211 | €280,864 | +€72,653 | +34.9% |
| Operating profit (loss) | 9901 | €145,311 | €246,325 | +€101,014 | +69.5% |
| Financial income | 75/76B | - | €939 | +€939 | |
| Recurring financial income | 75 | - | €939 | +€939 | |
| Financial charges | 65/66B | €105 | €12,654 | +€12,548 | +11933.8% |
| Recurring financial charges | 65 | €105 | €12,654 | +€12,548 | +11933.8% |
| Profit (loss) for the period before taxes | 9903 | €145,206 | €234,610 | +€89,405 | +61.6% |
| Income taxes | 67/77 | €35,500 | €34,405 | -€1,095 | -3.1% |
| Profit (loss) for the period | 9904 | €109,706 | €200,206 | +€90,500 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,706 | €200,206 | +€90,500 | +82.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.