FORT VAN BORNEM: 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.
FORT VAN BORNEM
Largest movements
- Cash +€46,941
up €46,941 (+22.4%), from €209,670 to €256,611
mainly Other debts (+€99,813) and Net result for the year (+€99,812)
- Receivables within one year -€26,889
down €26,889 (-57.9%), from €46,467 to €19,577
of which Trade receivables: -€29,890
- Tangible fixed assets -€6,016
down €6,016 (-2.0%), from €295,179 to €289,163
of which Land and buildings: -€3,445
- Other debts +€99,813
up €99,813 (+1,492%), from €6,691 to €106,504
- Reserves -€77,253
down €77,253 (-22.6%), from €341,337 to €264,084
of which Distributable reserves: -€77,253
- Tax, wage and social debts -€18,184
no longer reported in 2026 (was €18,184)
- Accrued charges and deferred income +€5,695
up €5,695 (+4.6%), from €123,785 to €129,480
- Gross operating margin -€6,997
down €6,997 (-4.7%), from €150,208 to €143,210
- Taxes -€2,618
down €2,618 (-7.3%), from €35,642 to €33,024
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.
Derived cash bridge
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 | €552,998 | €567,082 | +€14,084 | +2.5% |
| Fixed assets | 21/28 | €295,179 | €289,163 | -€6,016 | -2.0% |
| Tangible fixed assets | 22/27 | €295,179 | €289,163 | -€6,016 | -2.0% |
| Land and buildings | 22 | €287,637 | €284,192 | -€3,445 | -1.2% |
| Plant, machinery and equipment | 23 | €7,309 | €4,971 | -€2,338 | -32.0% |
| Furniture and vehicles | 24 | €233 | - | -€233 | |
| Current assets | 29/58 | €257,819 | €277,919 | +€20,100 | +7.8% |
| Amounts receivable within one year | 40/41 | €46,467 | €19,577 | -€26,889 | -57.9% |
| Trade receivables | 40 | €46,467 | €16,577 | -€29,890 | -64.3% |
| Other amounts receivable | 41 | - | €3,001 | +€3,001 | |
| Cash at bank and in hand | 54/58 | €209,670 | €256,611 | +€46,941 | +22.4% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,730 | +€49 | +2.9% |
| Total equity and liabilities | 10/49 | €552,998 | €567,082 | +€14,084 | +2.5% |
| Equity | 10/15 | €404,337 | €327,084 | -€77,253 | -19.1% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €341,337 | €264,084 | -€77,253 | -22.6% |
| Non-distributable reserves | 130/1 | €32,004 | €32,004 | = | 0.0% |
| Legal reserve | 130 | €32,004 | €32,004 | = | 0.0% |
| Distributable reserves | 133 | €309,333 | €232,080 | -€77,253 | -25.0% |
| Amounts payable | 17/49 | €148,660 | €239,998 | +€91,338 | +61.4% |
| Amounts payable within one year | 42/48 | €24,875 | €110,518 | +€85,643 | +344% |
| Trade debts | 44 | - | €4,014 | +€4,014 | |
| Suppliers | 440/4 | - | €4,014 | +€4,014 | |
| Taxes, remuneration and social security | 45 | €18,184 | - | -€18,184 | |
| Taxes | 450/3 | €18,184 | - | -€18,184 | |
| Other amounts payable | 47/48 | €6,691 | €106,504 | +€99,813 | +1,492% |
| Accrued charges and deferred income | 492/3 | €123,785 | €129,480 | +€5,695 | +4.6% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,300 | €7,191 | -€108 | -1.5% |
| Other operating charges | 640/8 | €3,302 | €3,320 | +€18 | +0.5% |
| Gross operating margin | 9900 | €150,208 | €143,210 | -€6,997 | -4.7% |
| Operating profit (loss) | 9901 | €139,606 | €132,699 | -€6,907 | -4.9% |
| Financial income | 75/76B | €145 | €218 | +€74 | +50.9% |
| Recurring financial income | 75 | €145 | €218 | +€74 | +50.9% |
| Financial charges | 65/66B | €46 | €82 | +€36 | +77.4% |
| Recurring financial charges | 65 | €46 | €82 | +€36 | +77.4% |
| Profit (loss) for the period before taxes | 9903 | €139,704 | €132,835 | -€6,869 | -4.9% |
| Income taxes | 67/77 | €35,642 | €33,024 | -€2,618 | -7.3% |
| Profit (loss) for the period | 9904 | €104,063 | €99,812 | -€4,251 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €104,063 | €99,812 | -€4,251 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.