IL BORGO: what changed
Two fiscal 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.
IL BORGO
Largest movements
- Cash -€23,814
down €23,814 (-50.8%), from €46,865 to €23,051
mainly Other debts (-€21,070) and Receivables within one year (-€10,075)
- Receivables within one year +€10,075
up €10,075 (+2023.7%), from €498 to €10,572
of which Other amounts receivable: +€7,549
- Tangible fixed assets -€8,500
down €8,500 (-23.0%), from €36,906 to €28,406
of which Plant, machinery and equipment: -€5,030
- Deferred charges and accrued income -€1,230
no longer reported in 2024 (was €1,230)
- Other debts -€21,070
no longer reported in 2024 (was €21,070)
- Profit (loss) carried forward +€5,608
up €5,608 (+12.6%), from €44,402 to €50,010
- Trade debts -€5,311
no longer reported in 2024 (was €5,311)
- Tax, wage and social debts -€2,512
down €2,512 (-17.1%), from €14,694 to €12,182
of which Taxes: -€8,766
- Turnover +€155,368
up €155,368 (+72.6%), from €213,962 to €369,330
- Purchases and services +€106,003
up €106,003 (+74.2%), from €142,826 to €248,829
- Staff costs +€76,847
up €76,847 (+443.3%), from €17,337 to €94,185
- Gross operating margin +€49,364
up €49,364 (+69.4%), from €71,136 to €120,501
- Taxes +€11,153
new in 2024: €11,153
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.
Cash bridge derived
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 | €100,477 | €77,192 | -€23,285 | -23.2% |
| Fixed assets | 21/28 | €38,906 | €30,406 | -€8,500 | -21.8% |
| Tangible fixed assets | 22/27 | €36,906 | €28,406 | -€8,500 | -23.0% |
| Plant, machinery and equipment | 23 | €23,025 | €17,996 | -€5,030 | -21.8% |
| Furniture and vehicles | 24 | €13,881 | €10,411 | -€3,470 | -25.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €61,571 | €46,786 | -€14,785 | -24.0% |
| Stocks and contracts in progress | 3 | €12,978 | €13,163 | +€185 | +1.4% |
| Stocks | 30/36 | €12,978 | €13,163 | +€185 | +1.4% |
| Amounts receivable within one year | 40/41 | €498 | €10,572 | +€10,075 | +2023.7% |
| Trade receivables | 40 | - | €2,526 | +€2,526 | |
| Other amounts receivable | 41 | €498 | €8,046 | +€7,549 | +1516.3% |
| Cash at bank and in hand | 54/58 | €46,865 | €23,051 | -€23,814 | -50.8% |
| Deferred charges and accrued income | 490/1 | €1,230 | - | -€1,230 | |
| Total equity and liabilities | 10/49 | €100,477 | €77,192 | -€23,285 | -23.2% |
| Equity | 10/15 | €59,402 | €65,010 | +€5,608 | +9.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,402 | €50,010 | +€5,608 | +12.6% |
| Amounts payable | 17/49 | €41,075 | €12,182 | -€28,893 | -70.3% |
| Amounts payable within one year | 42/48 | €41,075 | €12,182 | -€28,893 | -70.3% |
| Trade debts | 44 | €5,311 | - | -€5,311 | |
| Suppliers | 440/4 | €5,311 | - | -€5,311 | |
| Taxes, remuneration and social security | 45 | €14,694 | €12,182 | -€2,512 | -17.1% |
| Taxes | 450/3 | €10,158 | €1,392 | -€8,766 | -86.3% |
| Remuneration and social security | 454/9 | €4,536 | €10,790 | +€6,254 | +137.9% |
| Other amounts payable | 47/48 | €21,070 | - | -€21,070 | |
| Turnover | 70 | €213,962 | €369,330 | +€155,368 | +72.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €142,826 | €248,829 | +€106,003 | +74.2% |
| Remuneration, social security and pensions | 62 | €17,337 | €94,185 | +€76,847 | +443.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,227 | €9,590 | +€363 | +3.9% |
| Other operating charges | 640/8 | €171 | - | -€171 | |
| Gross operating margin | 9900 | €71,136 | €120,501 | +€49,364 | +69.4% |
| Operating profit (loss) | 9901 | €44,402 | €16,726 | -€27,675 | -62.3% |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | - | €60 | +€60 | |
| Recurring financial charges | 65 | - | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | €44,402 | €16,761 | -€27,641 | -62.3% |
| Income taxes | 67/77 | - | €11,153 | +€11,153 | |
| Profit (loss) for the period | 9904 | €44,402 | €5,608 | -€38,793 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,402 | €5,608 | -€38,793 | -87.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.