K. BORLéE: 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.
K. BORLéE
Largest movements
- Financial fixed assets -€49,980
down €49,980 (-100%), from €49,980 to €0
- Cash -€40,461
down €40,461 (-41.8%), from €96,837 to €56,376
mainly Net result for the year (-€69,508) and Accrued charges and deferred income (-€22,407)
- Tangible fixed assets -€21,200
down €21,200 (-5.6%), from €381,962 to €360,762
of which Land and buildings: -€16,010
- Receivables within one year +€17,335
up €17,335 (+25.2%), from €68,667 to €86,002
of which Trade receivables: +€16,445
- Profit (loss) carried forward -€69,508
down €69,508 (-281%), from -€24,757 to -€94,265
- Accrued charges and deferred income -€22,407
down €22,407 (-100%), from €22,407 to €0
- Debts after one year -€8,273
down €8,273 (-12.1%), from €68,516 to €60,243
- Financial charges +€49,947
up €49,947 (+2,464%), from €2,027 to €51,974
- Gross operating margin +€6,764
up €6,764 (+2,597%), from €260 to €7,024
- Depreciation +€1,547
up €1,547 (+7.9%), from €19,653 to €21,200
- Other operating charges +€90
up €90 (+3.0%), from €3,001 to €3,091
- Financial income +€70
up €70 (+17,185%), from €0 to €71
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 | €600,443 | €503,468 | -€96,975 | -16.2% |
| Fixed assets | 21/28 | €431,942 | €360,762 | -€71,180 | -16.5% |
| Tangible fixed assets | 22/27 | €381,962 | €360,762 | -€21,200 | -5.6% |
| Land and buildings | 22 | €362,536 | €346,526 | -€16,010 | -4.4% |
| Furniture and vehicles | 24 | €19,426 | €14,236 | -€5,190 | -26.7% |
| Financial fixed assets | 28 | €49,980 | €0 | -€49,980 | -100% |
| Current assets | 29/58 | €168,502 | €142,707 | -€25,795 | -15.3% |
| Amounts receivable within one year | 40/41 | €68,667 | €86,002 | +€17,335 | +25.2% |
| Trade receivables | 40 | €58,210 | €74,654 | +€16,445 | +28.3% |
| Other amounts receivable | 41 | €10,458 | €11,348 | +€890 | +8.5% |
| Cash at bank and in hand | 54/58 | €96,837 | €56,376 | -€40,461 | -41.8% |
| Deferred charges and accrued income | 490/1 | €2,998 | €329 | -€2,669 | -89.0% |
| Total equity and liabilities | 10/49 | €600,443 | €503,468 | -€96,975 | -16.2% |
| Equity | 10/15 | €472,284 | €402,776 | -€69,508 | -14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €490,841 | €490,841 | = | 0.0% |
| Distributable reserves | 133 | €490,841 | €490,841 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,757 | -€94,265 | -€69,508 | -281% |
| Amounts payable | 17/49 | €128,159 | €100,692 | -€27,467 | -21.4% |
| Amounts payable after more than one year | 17 | €68,516 | €60,243 | -€8,273 | -12.1% |
| Financial debts | 170/4 | €68,516 | €60,243 | -€8,273 | -12.1% |
| Amounts payable within one year | 42/48 | €37,236 | €40,449 | +€3,213 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €7,904 | €8,954 | +€1,049 | +13.3% |
| Financial debts | 43 | €1,143 | €1,463 | +€320 | +28.0% |
| Credit institutions | 430/8 | €1,143 | €1,463 | +€320 | +28.0% |
| Trade debts | 44 | €9,516 | €5,646 | -€3,870 | -40.7% |
| Suppliers | 440/4 | €9,516 | €5,646 | -€3,870 | -40.7% |
| Taxes, remuneration and social security | 45 | €336 | €524 | +€189 | +56.1% |
| Taxes | 450/3 | €336 | €524 | +€189 | +56.1% |
| Other amounts payable | 47/48 | €18,337 | €23,862 | +€5,525 | +30.1% |
| Accrued charges and deferred income | 492/3 | €22,407 | €0 | -€22,407 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,653 | €21,200 | +€1,547 | +7.9% |
| Other operating charges | 640/8 | €3,001 | €3,091 | +€90 | +3.0% |
| Gross operating margin | 9900 | €260 | €7,024 | +€6,764 | +2,597% |
| Operating profit (loss) | 9901 | -€22,394 | -€17,267 | +€5,127 | +22.9% |
| Financial income | 75/76B | €0 | €71 | +€70 | +17,185% |
| Recurring financial income | 75 | €0 | €71 | +€70 | +17,185% |
| Financial charges | 65/66B | €2,027 | €51,974 | +€49,947 | +2,464% |
| Recurring financial charges | 65 | €2,027 | €51,974 | +€49,947 | +2,464% |
| Profit (loss) for the period before taxes | 9903 | -€24,421 | -€69,171 | -€44,750 | -183% |
| Income taxes | 67/77 | €336 | €338 | +€2 | +0.5% |
| Profit (loss) for the period | 9904 | -€24,757 | -€69,508 | -€44,752 | -181% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,757 | -€69,508 | -€44,752 | -181% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.