LA BORGUEUSE HE: 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.
LA BORGUEUSE HE
Largest movements
- Receivables after one year +€20,000
up €20,000 (+6.4%), from €313,960 to €333,960
- Tangible fixed assets -€18,726
down €18,726 (-4.5%), from €417,455 to €398,730
- Receivables within one year +€10,110
up €10,110 (+52.1%), from €19,388 to €29,498
- Deferred charges and accrued income +€9,270
up €9,270 (+88.4%), from €10,481 to €19,751
- Other debts +€31,600
up €31,600 (+13.8%), from €229,135 to €260,735
- Profit (loss) carried forward -€15,012
down €15,012 (-17.8%), from -€84,248 to -€99,260
- Gross operating margin +€893
up €893 (+8.2%), from €10,864 to €11,758
- Depreciation -€262
down €262 (-1.3%), from €19,496 to €19,234
- Financial income +€187
up €187 (+6.1%), from €3,083 to €3,270
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 | €764,887 | €781,981 | +€17,094 | +2.2% |
| Formation expenses | 20 | €508 | - | -€508 | |
| Fixed assets | 21/28 | €417,455 | €398,730 | -€18,726 | -4.5% |
| Tangible fixed assets | 22/27 | €417,455 | €398,730 | -€18,726 | -4.5% |
| Land and buildings | 22 | €417,455 | €398,730 | -€18,726 | -4.5% |
| Current assets | 29/58 | €346,924 | €383,252 | +€36,328 | +10.5% |
| Amounts receivable after more than one year | 29 | €313,960 | €333,960 | +€20,000 | +6.4% |
| Other amounts receivable | 291 | €313,960 | €333,960 | +€20,000 | +6.4% |
| Amounts receivable within one year | 40/41 | €19,388 | €29,498 | +€10,110 | +52.1% |
| Trade receivables | 40 | €19,388 | €29,498 | +€10,110 | +52.1% |
| Cash at bank and in hand | 54/58 | €3,094 | €43 | -€3,052 | -98.6% |
| Deferred charges and accrued income | 490/1 | €10,481 | €19,751 | +€9,270 | +88.4% |
| Total equity and liabilities | 10/49 | €764,887 | €781,981 | +€17,094 | +2.2% |
| Equity | 10/15 | €535,752 | €520,740 | -€15,012 | -2.8% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Capital | 10 | €620,000 | €620,000 | = | 0.0% |
| Issued capital | 100 | €620,000 | €620,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,248 | -€99,260 | -€15,012 | -17.8% |
| Amounts payable | 17/49 | €229,135 | €261,241 | +€32,106 | +14.0% |
| Amounts payable within one year | 42/48 | €229,135 | €261,241 | +€32,106 | +14.0% |
| Trade debts | 44 | - | €506 | +€506 | |
| Suppliers | 440/4 | - | €506 | +€506 | |
| Other amounts payable | 47/48 | €229,135 | €260,735 | +€31,600 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,496 | €19,234 | -€262 | -1.3% |
| Other operating charges | 640/8 | €10,625 | €10,575 | -€50 | -0.5% |
| Gross operating margin | 9900 | €10,864 | €11,758 | +€893 | +8.2% |
| Operating profit (loss) | 9901 | -€19,257 | -€18,051 | +€1,205 | +6.3% |
| Financial income | 75/76B | €3,083 | €3,270 | +€187 | +6.1% |
| Recurring financial income | 75 | €3,083 | €3,270 | +€187 | +6.1% |
| Financial charges | 65/66B | €181 | €231 | +€50 | +27.6% |
| Recurring financial charges | 65 | €181 | €231 | +€50 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,355 | -€15,012 | +€1,342 | +8.2% |
| Profit (loss) for the period | 9904 | -€16,355 | -€15,012 | +€1,342 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,355 | -€15,012 | +€1,342 | +8.2% |
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 25 October 2026 via checked.be.