VAN BORM: 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.
VAN BORM
Largest movements
- Stocks and contracts -€45,454
down €45,454 (-44.9%), from €101,306 to €55,852
- Cash +€45,415
up €45,415 (+318.4%), from €14,264 to €59,679
mainly Stocks and contracts (+€45,454) and Net result for the year (+€13,669)
- Receivables within one year +€25,559
up €25,559 (+78.4%), from €32,594 to €58,153
- Reserves +€13,669
up €13,669 (+13.1%), from €104,687 to €118,356
of which Distributable reserves: +€13,669
- Trade debts +€8,392
up €8,392 (+278.6%), from €3,012 to €11,404
- Write-downs +€31,504
new in 2025: €31,504
- Taxes -€7,755
down €7,755 (-53.3%), from €14,538 to €6,783
- Gross operating margin +€6,796
up €6,796 (+13.6%), from €50,122 to €56,918
- Depreciation -€789
down €789 (-24.6%), from €3,210 to €2,420
- Financial income +€666
up €666 (+55.7%), from €1,196 to €1,862
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.
Cash bridge derived
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 | €206,915 | €231,280 | +€24,364 | +11.8% |
| Fixed assets | 21/28 | €56,605 | €55,236 | -€1,369 | -2.4% |
| Tangible fixed assets | 22/27 | €56,605 | €55,236 | -€1,369 | -2.4% |
| Land and buildings | 22 | €50,944 | €50,944 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,661 | €4,293 | -€1,369 | -24.2% |
| Current assets | 29/58 | €150,311 | €176,043 | +€25,733 | +17.1% |
| Stocks and contracts in progress | 3 | €101,306 | €55,852 | -€45,454 | -44.9% |
| Stocks | 30/36 | €101,306 | €55,852 | -€45,454 | -44.9% |
| Amounts receivable within one year | 40/41 | €32,594 | €58,153 | +€25,559 | +78.4% |
| Other amounts receivable | 41 | €32,594 | €58,153 | +€25,559 | +78.4% |
| Cash at bank and in hand | 54/58 | €14,264 | €59,679 | +€45,415 | +318.4% |
| Deferred charges and accrued income | 490/1 | €2,146 | €2,359 | +€213 | +9.9% |
| Total equity and liabilities | 10/49 | €206,915 | €231,280 | +€24,364 | +11.8% |
| Equity | 10/15 | €198,503 | €212,172 | +€13,669 | +6.9% |
| Contributions | 10/11 | €11,163 | €11,163 | = | 0.0% |
| Reserves | 13 | €104,687 | €118,356 | +€13,669 | +13.1% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €92,187 | €105,856 | +€13,669 | +14.8% |
| Profit (loss) carried forward | 14 | €82,653 | €82,653 | +€0 | 0.0% |
| Amounts payable | 17/49 | €8,412 | €19,107 | +€10,695 | +127.1% |
| Amounts payable within one year | 42/48 | €8,412 | €19,107 | +€10,695 | +127.1% |
| Trade debts | 44 | €3,012 | €11,404 | +€8,392 | +278.6% |
| Suppliers | 440/4 | €3,012 | €11,404 | +€8,392 | +278.6% |
| Advances received on contracts in progress | 46 | €850 | €850 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,550 | €6,854 | +€2,304 | +50.6% |
| Taxes | 450/3 | €4,550 | €6,854 | +€2,304 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,210 | €2,420 | -€789 | -24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,504 | +€31,504 | |
| Other operating charges | 640/8 | €2,422 | €2,495 | +€73 | +3.0% |
| Gross operating margin | 9900 | €50,122 | €56,918 | +€6,796 | +13.6% |
| Operating profit (loss) | 9901 | €44,491 | €20,499 | -€23,992 | -53.9% |
| Financial income | 75/76B | €1,196 | €1,862 | +€666 | +55.7% |
| Recurring financial income | 75 | €1,196 | €1,862 | +€666 | +55.7% |
| Financial charges | 65/66B | €1,642 | €1,909 | +€268 | +16.3% |
| Recurring financial charges | 65 | €1,642 | €1,909 | +€268 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €44,045 | €20,452 | -€23,594 | -53.6% |
| Income taxes | 67/77 | €14,538 | €6,783 | -€7,755 | -53.3% |
| Profit (loss) for the period | 9904 | €29,507 | €13,669 | -€15,838 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,507 | €13,669 | -€15,838 | -53.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.