Van der Borght: 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 der Borght
Largest movements
- Stocks and contracts -€164,133
down €164,133 (-100%), from €164,133 to €0
- Cash -€20,163
down €20,163 (-76.8%), from €26,256 to €6,093
mainly Debts after one year (-€126,541) and Current portion of long-term debt (-€24,305)
- Receivables within one year +€8,101
up €8,101 (+3.0%), from €272,684 to €280,785
of which Other amounts receivable: +€7,776
- Tangible fixed assets -€5,474
down €5,474 (-49.5%), from €11,048 to €5,574
- Debts after one year -€126,541
down €126,541 (-100%), from €126,541 to €0
- Current portion of long-term debt -€24,305
down €24,305 (-100%), from €24,305 to €0
- Other debts -€15,821
down €15,821 (-100%), from €15,821 to €0
- Trade debts -€14,162
down €14,162 (-92.3%), from €15,341 to €1,178
- Gross operating margin -€101,050
down €101,050 (-88.9%), from €113,612 to €12,561
- Taxes -€39,296
down €39,296 (-99.6%), from €39,469 to €173
- Financial charges -€4,529
down €4,529 (-39.4%), from €11,487 to €6,958
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 | €475,933 | €294,424 | -€181,509 | -38.1% |
| Fixed assets | 21/28 | €11,748 | €5,574 | -€6,174 | -52.6% |
| Tangible fixed assets | 22/27 | €11,048 | €5,574 | -€5,474 | -49.5% |
| Plant, machinery and equipment | 23 | €11,048 | €5,574 | -€5,474 | -49.5% |
| Financial fixed assets | 28 | €700 | €0 | -€700 | -100% |
| Current assets | 29/58 | €464,186 | €288,850 | -€175,335 | -37.8% |
| Stocks and contracts in progress | 3 | €164,133 | €0 | -€164,133 | -100% |
| Stocks | 30/36 | €164,133 | €0 | -€164,133 | -100% |
| Amounts receivable within one year | 40/41 | €272,684 | €280,785 | +€8,101 | +3.0% |
| Trade receivables | 40 | €1,740 | €2,065 | +€325 | +18.7% |
| Other amounts receivable | 41 | €270,944 | €278,720 | +€7,776 | +2.9% |
| Cash at bank and in hand | 54/58 | €26,256 | €6,093 | -€20,163 | -76.8% |
| Deferred charges and accrued income | 490/1 | €1,113 | €1,972 | +€859 | +77.2% |
| Total equity and liabilities | 10/49 | €475,933 | €294,424 | -€181,509 | -38.1% |
| Equity | 10/15 | €293,926 | €292,673 | -€1,253 | -0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €57,918 | €57,918 | = | 0.0% |
| Distributable reserves | 133 | €57,918 | €57,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,416 | €216,163 | -€1,253 | -0.6% |
| Amounts payable | 17/49 | €182,008 | €1,751 | -€180,257 | -99.0% |
| Amounts payable after more than one year | 17 | €126,541 | €0 | -€126,541 | -100% |
| Financial debts | 170/4 | €126,541 | €0 | -€126,541 | -100% |
| Amounts payable within one year | 42/48 | €55,467 | €1,751 | -€53,715 | -96.8% |
| Current portion of amounts payable after more than one year | 42 | €24,305 | €0 | -€24,305 | -100% |
| Trade debts | 44 | €15,341 | €1,178 | -€14,162 | -92.3% |
| Suppliers | 440/4 | €15,341 | €1,178 | -€14,162 | -92.3% |
| Taxes, remuneration and social security | 45 | - | €573 | +€573 | |
| Taxes | 450/3 | - | €573 | +€573 | |
| Other amounts payable | 47/48 | €15,821 | €0 | -€15,821 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,946 | €6,368 | -€577 | -8.3% |
| Other operating charges | 640/8 | €550 | €576 | +€25 | +4.6% |
| Non-recurring operating charges | 66A | €52 | €0 | -€52 | -100% |
| Gross operating margin | 9900 | €113,612 | €12,561 | -€101,050 | -88.9% |
| Operating profit (loss) | 9901 | €106,063 | €5,617 | -€100,446 | -94.7% |
| Financial income | 75/76B | €2 | €261 | +€259 | +15,343% |
| Recurring financial income | 75 | €2 | €261 | +€259 | +15,343% |
| Financial charges | 65/66B | €11,487 | €6,958 | -€4,529 | -39.4% |
| Recurring financial charges | 65 | €11,487 | €6,958 | -€4,529 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €94,578 | -€1,080 | -€95,658 | |
| Transfer from deferred taxes | 780 | €12,825 | €0 | -€12,825 | -100% |
| Income taxes | 67/77 | €39,469 | €173 | -€39,296 | -99.6% |
| Profit (loss) for the period | 9904 | €67,934 | -€1,253 | -€69,187 | |
| Transfer from tax-exempt reserves | 789 | €49,929 | €0 | -€49,929 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €117,863 | -€1,253 | -€119,116 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.