LE BORGES: 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.
LE BORGES
Largest movements
- Cash -€6,487
down €6,487 (-6.9%), from €94,355 to €87,868
mainly Net result for the year (-€6,366) and Accrued charges and deferred income (-€162)
- Profit (loss) carried forward -€6,366
down €6,366 (-27.5%), from -€23,114 to -€29,480
- Gross operating margin -€1,137
down €1,137 (-41.0%), from -€2,775 to -€3,912
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 | €100,938 | €94,412 | -€6,526 | -6.5% |
| Fixed assets | 21/28 | €5,273 | €5,273 | = | 0.0% |
| Tangible fixed assets | 22/27 | €5,206 | €5,206 | = | 0.0% |
| Land and buildings | 22 | €5,206 | €5,206 | = | 0.0% |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €95,665 | €89,139 | -€6,526 | -6.8% |
| Amounts receivable within one year | 40/41 | €1,310 | €1,271 | -€39 | -3.0% |
| Other amounts receivable | 41 | €1,310 | €1,271 | -€39 | -3.0% |
| Cash at bank and in hand | 54/58 | €94,355 | €87,868 | -€6,487 | -6.9% |
| Total equity and liabilities | 10/49 | €100,938 | €94,412 | -€6,526 | -6.5% |
| Equity | 10/15 | €100,738 | €94,372 | -€6,366 | -6.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €92,865 | €92,865 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,850 | €79,850 | = | 0.0% |
| Distributable reserves | 133 | €13,015 | €13,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,114 | -€29,480 | -€6,366 | -27.5% |
| Amounts payable | 17/49 | €200 | €40 | -€160 | -80.0% |
| Amounts payable within one year | 42/48 | €38 | €40 | +€2 | +5.3% |
| Trade debts | 44 | €38 | €40 | +€2 | +5.3% |
| Suppliers | 440/4 | €38 | €40 | +€2 | +5.3% |
| Accrued charges and deferred income | 492/3 | €162 | - | -€162 | |
| Other operating charges | 640/8 | €2,043 | €2,054 | +€11 | +0.5% |
| Gross operating margin | 9900 | -€2,775 | -€3,912 | -€1,137 | -41.0% |
| Operating profit (loss) | 9901 | -€4,818 | -€5,966 | -€1,148 | -23.8% |
| Financial charges | 65/66B | €379 | €400 | +€21 | +5.5% |
| Recurring financial charges | 65 | €379 | €400 | +€21 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,197 | -€6,366 | -€1,169 | -22.5% |
| Profit (loss) for the period | 9904 | -€5,197 | -€6,366 | -€1,169 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,197 | -€6,366 | -€1,169 | -22.5% |
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 15 October 2026 via checked.be.