JP BORDUUR: 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.
JP BORDUUR
Largest movements
- Receivables within one year +€43,884
up €43,884 (+167%), from €26,243 to €70,126
of which Trade receivables: +€43,662
- Tangible fixed assets -€14,321
down €14,321 (-40.1%), from €35,711 to €21,390
of which Plant, machinery and equipment: -€13,676
- Stocks and contracts -€13,509
down €13,509 (-21.2%), from €63,600 to €50,092
- Trade debts +€38,749
up €38,749 (+155%), from €24,964 to €63,713
- Debts after one year -€20,411
down €20,411 (-79.1%), from €25,811 to €5,400
- Tax, wage and social debts +€9,640
up €9,640 (+65.6%), from €14,698 to €24,338
- Current portion of long-term debt -€8,453
down €8,453 (-24.1%), from €35,134 to €26,682
- Profit (loss) carried forward -€4,284
down €4,284 (-14.4%), from -€29,691 to -€33,974
- Gross operating margin -€6,957
down €6,957 (-22.8%), from €30,559 to €23,602
- Financial charges +€1,129
up €1,129 (+11.0%), from €10,304 to €11,433
- Other operating charges -€324
down €324 (-35.0%), from €926 to €602
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.
Derived cash bridge
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 | €131,809 | €147,781 | +€15,972 | +12.1% |
| Fixed assets | 21/28 | €35,711 | €21,390 | -€14,321 | -40.1% |
| Tangible fixed assets | 22/27 | €35,711 | €21,390 | -€14,321 | -40.1% |
| Plant, machinery and equipment | 23 | €35,066 | €21,390 | -€13,676 | -39.0% |
| Furniture and vehicles | 24 | €645 | - | -€645 | |
| Current assets | 29/58 | €96,098 | €126,391 | +€30,293 | +31.5% |
| Stocks and contracts in progress | 3 | €63,600 | €50,092 | -€13,509 | -21.2% |
| Stocks | 30/36 | €63,600 | €50,092 | -€13,509 | -21.2% |
| Amounts receivable within one year | 40/41 | €26,243 | €70,126 | +€43,884 | +167% |
| Trade receivables | 40 | €25,441 | €69,103 | +€43,662 | +172% |
| Other amounts receivable | 41 | €802 | €1,024 | +€222 | +27.7% |
| Cash at bank and in hand | 54/58 | €2,622 | €2,536 | -€85 | -3.3% |
| Deferred charges and accrued income | 490/1 | €3,633 | €3,636 | +€3 | +0.1% |
| Total equity and liabilities | 10/49 | €131,809 | €147,781 | +€15,972 | +12.1% |
| Equity | 10/15 | -€330 | -€4,613 | -€4,284 | -1,299% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,761 | €10,761 | = | 0.0% |
| Distributable reserves | 133 | €10,761 | €10,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,691 | -€33,974 | -€4,284 | -14.4% |
| Amounts payable | 17/49 | €132,139 | €152,394 | +€20,256 | +15.3% |
| Amounts payable after more than one year | 17 | €25,811 | €5,400 | -€20,411 | -79.1% |
| Financial debts | 170/4 | €25,811 | €5,400 | -€20,411 | -79.1% |
| Amounts payable within one year | 42/48 | €106,316 | €144,997 | +€38,682 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €35,134 | €26,682 | -€8,453 | -24.1% |
| Financial debts | 43 | €25,055 | €25,722 | +€667 | +2.7% |
| Credit institutions | 430/8 | €19,555 | €25,722 | +€6,167 | +31.5% |
| Other loans | 439 | €5,500 | - | -€5,500 | |
| Trade debts | 44 | €24,964 | €63,713 | +€38,749 | +155% |
| Suppliers | 440/4 | €24,964 | €63,713 | +€38,749 | +155% |
| Taxes, remuneration and social security | 45 | €14,698 | €24,338 | +€9,640 | +65.6% |
| Taxes | 450/3 | €14,698 | €24,338 | +€9,640 | +65.6% |
| Other amounts payable | 47/48 | €6,465 | €4,542 | -€1,923 | -29.7% |
| Accrued charges and deferred income | 492/3 | €12 | €1,997 | +€1,985 | +16,070% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,203 | €16,097 | -€106 | -0.7% |
| Other operating charges | 640/8 | €926 | €602 | -€324 | -35.0% |
| Gross operating margin | 9900 | €30,559 | €23,602 | -€6,957 | -22.8% |
| Operating profit (loss) | 9901 | €13,430 | €6,903 | -€6,527 | -48.6% |
| Financial income | 75/76B | €447 | €448 | +€1 | +0.1% |
| Recurring financial income | 75 | €447 | €448 | +€1 | +0.1% |
| Financial charges | 65/66B | €10,304 | €11,433 | +€1,129 | +11.0% |
| Recurring financial charges | 65 | €10,304 | €11,433 | +€1,129 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €3,573 | -€4,081 | -€7,655 | |
| Income taxes | 67/77 | €225 | €202 | -€23 | -10.2% |
| Profit (loss) for the period | 9904 | €3,348 | -€4,284 | -€7,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,348 | -€4,284 | -€7,632 |
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 1 November 2026 via checked.be.