LIONEL BORRA: what changed
What changed
LIONEL BORRA
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€94,159
2024 · €100,287-€6,128
Equity
€427,311
2024 · €333,151+€94,159
Cash
€133,185
2024 · €38,989+€94,196
Balance sheet total
€522,250
2024 · €420,096+€102,155
Largest movements
Assets
- Cash +€94,196
up €94,196 (+242%), from €38,989 to €133,185
mainly Net result for the year (+€94,159) and Tax, wage and social debts (+€11,320)
- Current investments +€6,830
up €6,830 (+2.7%), from €257,439 to €264,270
Equity and liabilities
- Reserves +€94,159
up €94,159 (+29.9%), from €314,551 to €408,711
of which Distributable reserves: +€94,159
- Tax, wage and social debts +€11,320
up €11,320 (+84.3%), from €13,423 to €24,743
Income statement
- Gross operating margin -€20,761
down €20,761 (-12.8%), from €162,146 to €141,385
- Depreciation -€8,661
down €8,661 (-62.8%), from €13,793 to €5,132
- Taxes -€3,683
down €3,683 (-7.6%), from €48,362 to €44,679
- Financial income +€3,185
up €3,185 (+35.5%), from €8,979 to €12,164
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€100,287
Gross operating margin
-€20,761
Depreciation
+€8,661
Other operating charges
-€444
Other operating items
-€425
Financial income
+€3,185
Financial charges
-€27
Taxes
+€3,683
Result 2025
€94,159
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€102,420
Investment
-€8,224
Financing
€0
Cash 2024
€38,989
From operations (derived)
+€102,420
Net result for the year
+€94,159
Depreciation
+€5,132
Receivables within one year
-€4,867
Trade debts
-€369
Tax, wage and social debts
+€11,320
Other debts
-€2,956
Investment (derived)
-€8,224
Investment in fixed assets (net)
-€1,393
Current investments
-€6,830
Cash 2025
€133,185
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,096 | €522,250 | +€102,155 | +24.3% |
| Fixed assets | 21/28 | €99,148 | €95,409 | -€3,738 | -3.8% |
| Tangible fixed assets | 22/27 | €99,148 | €95,409 | -€3,738 | -3.8% |
| Land and buildings | 22 | €94,453 | €91,019 | -€3,435 | -3.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,270 | €4,391 | +€121 | +2.8% |
| Other tangible fixed assets | 26 | €425 | €0 | -€425 | -100% |
| Current assets | 29/58 | €320,948 | €426,841 | +€105,893 | +33.0% |
| Amounts receivable within one year | 40/41 | €24,519 | €29,386 | +€4,867 | +19.8% |
| Trade receivables | 40 | €24,519 | €29,386 | +€4,867 | +19.8% |
| Current investments | 50/53 | €257,439 | €264,270 | +€6,830 | +2.7% |
| Cash at bank and in hand | 54/58 | €38,989 | €133,185 | +€94,196 | +242% |
| Total equity and liabilities | 10/49 | €420,096 | €522,250 | +€102,155 | +24.3% |
| Equity | 10/15 | €333,151 | €427,311 | +€94,159 | +28.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €314,551 | €408,711 | +€94,159 | +29.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €314,551 | €408,711 | +€94,159 | +29.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,944 | €94,939 | +€7,995 | +9.2% |
| Amounts payable within one year | 42/48 | €86,944 | €94,939 | +€7,995 | +9.2% |
| Trade debts | 44 | €1,640 | €1,271 | -€369 | -22.5% |
| Suppliers | 440/4 | €1,640 | €1,271 | -€369 | -22.5% |
| Taxes, remuneration and social security | 45 | €13,423 | €24,743 | +€11,320 | +84.3% |
| Taxes | 450/3 | €13,423 | €24,743 | +€11,320 | +84.3% |
| Other amounts payable | 47/48 | €71,881 | €68,925 | -€2,956 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,793 | €5,132 | -€8,661 | -62.8% |
| Other operating charges | 640/8 | €3,104 | €3,548 | +€444 | +14.3% |
| Non-recurring operating charges | 66A | - | €425 | +€425 | |
| Gross operating margin | 9900 | €162,146 | €141,385 | -€20,761 | -12.8% |
| Operating profit (loss) | 9901 | €145,249 | €132,280 | -€12,969 | -8.9% |
| Financial income | 75/76B | €8,979 | €12,164 | +€3,185 | +35.5% |
| Recurring financial income | 75 | €8,979 | €12,164 | +€3,185 | +35.5% |
| Financial charges | 65/66B | €5,579 | €5,605 | +€27 | +0.5% |
| Recurring financial charges | 65 | €5,579 | €5,605 | +€27 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €148,649 | €138,838 | -€9,811 | -6.6% |
| Income taxes | 67/77 | €48,362 | €44,679 | -€3,683 | -7.6% |
| Profit (loss) for the period | 9904 | €100,287 | €94,159 | -€6,128 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,287 | €94,159 | -€6,128 | -6.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.