VAN den BORRE-COOREMAN: 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.
VAN den BORRE-COOREMAN
Largest movements
- Cash +€3,602
up €3,602 (+7.1%), from €51,030 to €54,632
mainly Receivables within one year (+€3,257) and Other debts (+€2,889)
- Receivables within one year -€3,257
down €3,257 (-20.2%), from €16,142 to €12,884
of which Trade receivables: -€7,303
- Tangible fixed assets +€2,154
up €2,154 (+21.3%), from €10,104 to €12,258
of which Furniture and vehicles: +€4,291
- Stocks and contracts +€1,473
up €1,473 (+249%), from €592 to €2,066
- Other debts +€2,889
up €2,889 (+16.3%), from €17,671 to €20,560
- Reserves +€1,774
up €1,774 (+3.3%), from €53,697 to €55,472
of which Distributable reserves: +€1,774
- Gross operating margin -€12,761
down €12,761 (-48.7%), from €26,182 to €13,421
- Taxes -€4,822
down €4,822 (-80.8%), from €5,968 to €1,147
- Other operating charges +€4,408
up €4,408 (+734%), from €601 to €5,008
- Financial charges +€923
up €923 (+40.3%), from €2,291 to €3,214
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 | €80,078 | €84,632 | +€4,553 | +5.7% |
| Fixed assets | 21/28 | €11,154 | €13,308 | +€2,154 | +19.3% |
| Tangible fixed assets | 22/27 | €10,104 | €12,258 | +€2,154 | +21.3% |
| Plant, machinery and equipment | 23 | €10,104 | €7,967 | -€2,137 | -21.1% |
| Furniture and vehicles | 24 | €0 | €4,291 | +€4,291 | |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €68,924 | €71,324 | +€2,399 | +3.5% |
| Stocks and contracts in progress | 3 | €592 | €2,066 | +€1,473 | +249% |
| Stocks | 30/36 | €592 | €2,066 | +€1,473 | +249% |
| Amounts receivable within one year | 40/41 | €16,142 | €12,884 | -€3,257 | -20.2% |
| Trade receivables | 40 | €14,263 | €6,960 | -€7,303 | -51.2% |
| Other amounts receivable | 41 | €1,879 | €5,925 | +€4,046 | +215% |
| Cash at bank and in hand | 54/58 | €51,030 | €54,632 | +€3,602 | +7.1% |
| Deferred charges and accrued income | 490/1 | €1,161 | €1,742 | +€581 | +50.1% |
| Total equity and liabilities | 10/49 | €80,078 | €84,632 | +€4,553 | +5.7% |
| Equity | 10/15 | €59,897 | €61,672 | +€1,774 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,697 | €55,472 | +€1,774 | +3.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,697 | €55,472 | +€1,774 | +3.3% |
| Amounts payable | 17/49 | €20,181 | €22,960 | +€2,779 | +13.8% |
| Amounts payable within one year | 42/48 | €20,181 | €22,960 | +€2,779 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,075 | €1,939 | -€136 | -6.5% |
| Suppliers | 440/4 | €2,075 | €1,939 | -€136 | -6.5% |
| Taxes, remuneration and social security | 45 | €436 | €461 | +€25 | +5.8% |
| Taxes | 450/3 | €436 | €461 | +€25 | +5.8% |
| Other amounts payable | 47/48 | €17,671 | €20,560 | +€2,889 | +16.3% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,725 | €2,549 | -€175 | -6.4% |
| Other operating charges | 640/8 | €601 | €5,008 | +€4,408 | +734% |
| Gross operating margin | 9900 | €26,182 | €13,421 | -€12,761 | -48.7% |
| Operating profit (loss) | 9901 | €22,857 | €5,863 | -€16,993 | -74.3% |
| Financial income | 75/76B | €313 | €271 | -€42 | -13.4% |
| Recurring financial income | 75 | €313 | €271 | -€42 | -13.4% |
| Financial charges | 65/66B | €2,291 | €3,214 | +€923 | +40.3% |
| Recurring financial charges | 65 | €2,291 | €3,214 | +€923 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €20,879 | €2,921 | -€17,958 | -86.0% |
| Income taxes | 67/77 | €5,968 | €1,147 | -€4,822 | -80.8% |
| Profit (loss) for the period | 9904 | €14,910 | €1,774 | -€13,136 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,910 | €1,774 | -€13,136 | -88.1% |
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 1 November 2026 via checked.be.