F.C.D. BORLA: 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.
What changed
F.C.D. BORLA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€10,818
2024 · -€24,703+€13,885
Equity
€1.3m
2024 · €1.3m-€10,818
Cash
€14,498
2024 · €31,516-€17,018
Balance sheet total
€1.5m
2024 · €1.5m-€39,077
Largest movements
Assets
- Tangible fixed assets -€17,220
down €17,220 (-1.2%), from €1.4m to €1.4m
of which Other tangible fixed assets: -€18,054
- Cash -€17,018
down €17,018 (-54.0%), from €31,516 to €14,498
mainly Provisions (-€19,860) and Net result for the year (-€10,818)
Equity and liabilities
- Provisions -€19,860
down €19,860 (-13.7%), from €145,321 to €125,461
Income statement
- Write-downs -€27,500
down €27,500 (-100.0%), from €27,500 to €0
- Taxes +€12,840
up €12,840 (+6442.3%), from €199 to €13,039
- Purchases and services -€5,829
down €5,829 (-11.4%), from €50,995 to €45,166
- Turnover -€3,850
down €3,850 (-3.9%), from €97,708 to €93,858
- Depreciation +€3,782
up €3,782 (+16.0%), from €23,623 to €27,405
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.
Result 2024
-€24,703
Gross operating margin
+€1,979
Staff costs
-€735
Depreciation
-€3,782
Write-downs
+€27,500
Other operating charges
+€437
Financial charges
+€1,325
Taxes
-€12,840
Result 2025
-€10,818
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.
From operations
-€498
Investment
-€10,185
Financing
-€6,336
Cash 2024
€31,516
From operations (derived)
-€498
Net result for the year
-€10,818
Depreciation
+€27,405
Receivables within one year
+€14,158
Deferred charges and accrued income
-€9,319
Provisions
-€19,860
Trade debts
+€9,629
Tax, wage and social debts
-€6,204
Other debts
-€5,938
Accrued charges and deferred income
+€450
Investment (derived)
-€10,185
Investment in fixed assets (net)
-€10,185
Financing
-€6,336
Debts after one year
-€6,618
Current portion of long-term debt
+€282
Cash 2025
€14,498
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,500,408 | €1,461,331 | -€39,077 | -2.6% |
| Fixed assets | 21/28 | €1,446,016 | €1,428,796 | -€17,220 | -1.2% |
| Tangible fixed assets | 22/27 | €1,446,016 | €1,428,796 | -€17,220 | -1.2% |
| Land and buildings | 22 | €919,682 | €915,050 | -€4,632 | -0.5% |
| Furniture and vehicles | 24 | €388 | €5,854 | +€5,466 | +1410.2% |
| Other tangible fixed assets | 26 | €525,946 | €507,892 | -€18,054 | -3.4% |
| Current assets | 29/58 | €54,392 | €32,535 | -€21,857 | -40.2% |
| Amounts receivable within one year | 40/41 | €15,538 | €1,380 | -€14,158 | -91.1% |
| Trade receivables | 40 | €11,585 | €602 | -€10,983 | -94.8% |
| Other amounts receivable | 41 | €3,954 | €778 | -€3,176 | -80.3% |
| Cash at bank and in hand | 54/58 | €31,516 | €14,498 | -€17,018 | -54.0% |
| Deferred charges and accrued income | 490/1 | €7,338 | €16,657 | +€9,319 | +127.0% |
| Total equity and liabilities | 10/49 | €1,500,408 | €1,461,331 | -€39,077 | -2.6% |
| Equity | 10/15 | €1,283,228 | €1,272,410 | -€10,818 | -0.8% |
| Contributions | 10/11 | €396,630 | €396,630 | = | 0.0% |
| Capital | 10 | €396,630 | €396,630 | = | 0.0% |
| Issued capital | 100 | €396,630 | €396,630 | = | 0.0% |
| Revaluation surpluses | 12 | €1,048,789 | €1,048,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,191 | -€173,009 | -€10,818 | -6.7% |
| Provisions and deferred taxes | 16 | €145,321 | €125,461 | -€19,860 | -13.7% |
| Provisions for liabilities and charges | 160/5 | €145,321 | €125,461 | -€19,860 | -13.7% |
| Other liabilities and charges | 164/5 | €145,321 | €125,461 | -€19,860 | -13.7% |
| Amounts payable | 17/49 | €71,859 | €63,460 | -€8,399 | -11.7% |
| Amounts payable after more than one year | 17 | €7,749 | €1,131 | -€6,618 | -85.4% |
| Financial debts | 170/4 | €7,749 | €1,131 | -€6,618 | -85.4% |
| Amounts payable within one year | 42/48 | €62,960 | €60,729 | -€2,231 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €6,336 | €6,618 | +€282 | +4.5% |
| Trade debts | 44 | €43 | €9,672 | +€9,629 | +22314.5% |
| Suppliers | 440/4 | €43 | €9,672 | +€9,629 | +22314.5% |
| Taxes, remuneration and social security | 45 | €7,622 | €1,418 | -€6,204 | -81.4% |
| Taxes | 450/3 | €7,072 | €868 | -€6,204 | -87.7% |
| Remuneration and social security | 454/9 | €550 | €550 | = | 0.0% |
| Other amounts payable | 47/48 | €48,959 | €43,021 | -€5,938 | -12.1% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,600 | +€450 | +39.1% |
| Turnover | 70 | €97,708 | €93,858 | -€3,850 | -3.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €50,995 | €45,166 | -€5,829 | -11.4% |
| Remuneration, social security and pensions | 62 | €12,885 | €13,620 | +€735 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,623 | €27,405 | +€3,782 | +16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,500 | €0 | -€27,500 | -100.0% |
| Other operating charges | 640/8 | €2,297 | €1,860 | -€437 | -19.0% |
| Gross operating margin | 9900 | €46,713 | €48,692 | +€1,979 | +4.2% |
| Operating profit (loss) | 9901 | -€19,592 | €5,807 | +€25,399 | |
| Financial charges | 65/66B | €4,912 | €3,586 | -€1,325 | -27.0% |
| Recurring financial charges | 65 | €4,912 | €3,586 | -€1,325 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,504 | €2,221 | +€26,725 | |
| Income taxes | 67/77 | €199 | €13,039 | +€12,840 | +6442.3% |
| Profit (loss) for the period | 9904 | -€24,703 | -€10,818 | +€13,885 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,703 | -€10,818 | +€13,885 | +56.2% |
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.