ST BORINGEN: 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.
ST BORINGEN
Largest movements
- Receivables within one year -€85,168
down €85,168 (-84.0%), from €101,443 to €16,275
of which Trade receivables: -€92,339
- Cash +€25,345
up €25,345 (+690%), from €3,673 to €29,018
mainly Receivables within one year (+€85,168) and Trade debts (+€18,380)
- Advances received -€35,000
no longer reported in 2025 (was €35,000)
- Profit (loss) carried forward -€23,354
down €23,354, from €14,608 to -€8,746
- Trade debts +€18,380
up €18,380 (+58.2%), from €31,559 to €49,939
- Other debts -€10,132
down €10,132 (-84.6%), from €11,978 to €1,846
- Accrued charges and deferred income -€9,685
down €9,685 (-96.9%), from €10,000 to €315
- Gross operating margin -€45,988
down €45,988, from €23,602 to -€22,386
- Taxes -€5,358
down €5,358, from €4,600 to -€758
- Other operating charges +€1,037
up €1,037 (+163%), from €636 to €1,673
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 | €106,146 | €46,354 | -€59,792 | -56.3% |
| Current assets | 29/58 | €106,146 | €46,354 | -€59,792 | -56.3% |
| Amounts receivable within one year | 40/41 | €101,443 | €16,275 | -€85,168 | -84.0% |
| Trade receivables | 40 | €100,160 | €7,821 | -€92,339 | -92.2% |
| Other amounts receivable | 41 | €1,282 | €8,454 | +€7,171 | +559% |
| Cash at bank and in hand | 54/58 | €3,673 | €29,018 | +€25,345 | +690% |
| Deferred charges and accrued income | 490/1 | €1,030 | €1,061 | +€31 | +3.0% |
| Total equity and liabilities | 10/49 | €106,146 | €46,354 | -€59,792 | -56.3% |
| Equity | 10/15 | €17,608 | -€5,746 | -€23,354 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,608 | -€8,746 | -€23,354 | |
| Amounts payable | 17/49 | €88,538 | €52,100 | -€36,438 | -41.2% |
| Amounts payable within one year | 42/48 | €78,538 | €51,785 | -€26,752 | -34.1% |
| Trade debts | 44 | €31,559 | €49,939 | +€18,380 | +58.2% |
| Suppliers | 440/4 | €31,559 | €49,939 | +€18,380 | +58.2% |
| Advances received on contracts in progress | 46 | €35,000 | - | -€35,000 | |
| Other amounts payable | 47/48 | €11,978 | €1,846 | -€10,132 | -84.6% |
| Accrued charges and deferred income | 492/3 | €10,000 | €315 | -€9,685 | -96.9% |
| Other operating charges | 640/8 | €636 | €1,673 | +€1,037 | +163% |
| Gross operating margin | 9900 | €23,602 | -€22,386 | -€45,988 | |
| Operating profit (loss) | 9901 | €22,967 | -€24,059 | -€47,025 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €90 | €54 | -€36 | -40.0% |
| Recurring financial charges | 65 | €90 | €54 | -€36 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €22,877 | -€24,113 | -€46,989 | |
| Income taxes | 67/77 | €4,600 | -€758 | -€5,358 | |
| Profit (loss) for the period | 9904 | €18,277 | -€23,354 | -€41,631 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,277 | -€23,354 | -€41,631 |
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 28 October 2026 via checked.be.