LA BORGATA: 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.
LA BORGATA
Largest movements
- Receivables within one year -€252,168
down €252,168 (-45.8%), from €550,178 to €298,010
- Profit (loss) carried forward -€254,509
down €254,509, from €47,367 to -€207,142
- Tax, wage and social debts +€14,092
up €14,092 (+35.4%), from €39,774 to €53,866
- Current portion of long-term debt +€10,004
new in 2024: €10,004
- Trade debts -€8,756
down €8,756 (-81.0%), from €10,814 to €2,058
- Debts after one year -€8,442
down €8,442 (-5.0%), from €167,335 to €158,892
- Other operating charges +€290,921
up €290,921 (+24043.1%), from €1,210 to €292,131
- Financial income -€13,270
no longer reported in 2024 (was €13,270)
- Gross operating margin +€3,530
up €3,530 (+5.9%), from €59,962 to €63,491
- Financial charges +€2,293
up €2,293 (+24.2%), from €9,483 to €11,776
- Taxes -€1,472
down €1,472 (-9.5%), from €15,564 to €14,092
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 | €605,678 | €351,344 | -€254,333 | -42.0% |
| Fixed assets | 21/28 | €53,000 | €53,000 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €53,000 | €53,000 | -€0 | 0.0% |
| Land and buildings | 22 | €53,000 | €53,000 | -€0 | 0.0% |
| Current assets | 29/58 | €552,678 | €298,344 | -€254,333 | -46.0% |
| Amounts receivable within one year | 40/41 | €550,178 | €298,010 | -€252,168 | -45.8% |
| Other amounts receivable | 41 | €550,178 | €298,010 | -€252,168 | -45.8% |
| Cash at bank and in hand | 54/58 | - | €335 | +€335 | |
| Deferred charges and accrued income | 490/1 | €2,500 | - | -€2,500 | |
| Total equity and liabilities | 10/49 | €605,678 | €351,344 | -€254,333 | -42.0% |
| Equity | 10/15 | €316,093 | €61,584 | -€254,509 | -80.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €118,726 | €118,726 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,535 | €4,535 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,535 | €4,535 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,190 | €114,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,367 | -€207,142 | -€254,509 | |
| Provisions and deferred taxes | 16 | €53,908 | €53,908 | = | 0.0% |
| Deferred taxes | 168 | €53,908 | €53,908 | = | 0.0% |
| Amounts payable | 17/49 | €235,678 | €235,853 | +€175 | +0.1% |
| Amounts payable after more than one year | 17 | €167,335 | €158,892 | -€8,442 | -5.0% |
| Financial debts | 170/4 | €167,335 | €158,892 | -€8,442 | -5.0% |
| Amounts payable within one year | 42/48 | €68,343 | €76,961 | +€8,618 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,004 | +€10,004 | |
| Financial debts | 43 | €10,255 | €10,372 | +€117 | +1.1% |
| Credit institutions | 430/8 | €10,255 | €10,372 | +€117 | +1.1% |
| Trade debts | 44 | €10,814 | €2,058 | -€8,756 | -81.0% |
| Suppliers | 440/4 | €10,814 | €2,058 | -€8,756 | -81.0% |
| Taxes, remuneration and social security | 45 | €39,774 | €53,866 | +€14,092 | +35.4% |
| Taxes | 450/3 | €39,774 | €53,866 | +€14,092 | +35.4% |
| Other amounts payable | 47/48 | €7,500 | €661 | -€6,839 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €0 | -€282 | -100.0% |
| Other operating charges | 640/8 | €1,210 | €292,131 | +€290,921 | +24043.1% |
| Gross operating margin | 9900 | €59,962 | €63,491 | +€3,530 | +5.9% |
| Operating profit (loss) | 9901 | €58,469 | -€228,640 | -€287,110 | |
| Financial income | 75/76B | €13,270 | - | -€13,270 | |
| Recurring financial income | 75 | €13,270 | - | -€13,270 | |
| Financial charges | 65/66B | €9,483 | €11,776 | +€2,293 | +24.2% |
| Recurring financial charges | 65 | €9,483 | €11,776 | +€2,293 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €62,256 | -€240,416 | -€302,673 | |
| Income taxes | 67/77 | €15,564 | €14,092 | -€1,472 | -9.5% |
| Profit (loss) for the period | 9904 | €46,692 | -€254,509 | -€301,201 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,692 | -€254,509 | -€301,201 |
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 5 October 2026 via checked.be.