VILLA BORGHESE: 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.
VILLA BORGHESE
Largest movements
- Tangible fixed assets -€13,484
down €13,484 (-30.6%), from €44,083 to €30,599
of which Furniture and vehicles: -€12,315
- Receivables within one year +€873
up €873 (+15.7%), from €5,545 to €6,418
- Reserves -€20,991
down €20,991 (-94.9%), from €22,108 to €1,117
- Other debts +€9,185
up €9,185 (+814%), from €1,129 to €10,314
- Tax, wage and social debts +€1,477
up €1,477 (+34.8%), from €4,240 to €5,717
of which Remuneration and social security: +€5,329
- Trade debts -€1,429
down €1,429 (-39.7%), from €3,602 to €2,173
- Gross operating margin +€41,267
up €41,267 (+86.2%), from -€47,864 to -€6,597
- Other operating charges -€517
down €517 (-50.4%), from €1,025 to €508
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 | €49,671 | €37,913 | -€11,758 | -23.7% |
| Fixed assets | 21/28 | €44,083 | €30,599 | -€13,484 | -30.6% |
| Tangible fixed assets | 22/27 | €44,083 | €30,599 | -€13,484 | -30.6% |
| Plant, machinery and equipment | 23 | €3,486 | €2,317 | -€1,169 | -33.5% |
| Furniture and vehicles | 24 | €40,597 | €28,282 | -€12,315 | -30.3% |
| Current assets | 29/58 | €5,588 | €7,314 | +€1,726 | +30.9% |
| Stocks and contracts in progress | 3 | - | €483 | +€483 | |
| Stocks | 30/36 | - | €483 | +€483 | |
| Amounts receivable within one year | 40/41 | €5,545 | €6,418 | +€873 | +15.7% |
| Other amounts receivable | 41 | €5,545 | €6,418 | +€873 | +15.7% |
| Cash at bank and in hand | 54/58 | €43 | €413 | +€370 | +860% |
| Total equity and liabilities | 10/49 | €49,671 | €37,913 | -€11,758 | -23.7% |
| Equity | 10/15 | €40,700 | €19,709 | -€20,991 | -51.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,108 | €1,117 | -€20,991 | -94.9% |
| Distributable reserves | 133 | €22,108 | €1,117 | -€20,991 | -94.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,971 | €18,204 | +€9,233 | +103% |
| Amounts payable within one year | 42/48 | €8,971 | €18,204 | +€9,233 | +103% |
| Trade debts | 44 | €3,602 | €2,173 | -€1,429 | -39.7% |
| Suppliers | 440/4 | €3,602 | €2,173 | -€1,429 | -39.7% |
| Taxes, remuneration and social security | 45 | €4,240 | €5,717 | +€1,477 | +34.8% |
| Taxes | 450/3 | €4,240 | €388 | -€3,852 | -90.8% |
| Remuneration and social security | 454/9 | - | €5,329 | +€5,329 | |
| Other amounts payable | 47/48 | €1,129 | €10,314 | +€9,185 | +814% |
| Remuneration, social security and pensions | 62 | €245 | - | -€245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,572 | €13,484 | -€88 | -0.6% |
| Other operating charges | 640/8 | €1,025 | €508 | -€517 | -50.4% |
| Gross operating margin | 9900 | -€47,864 | -€6,597 | +€41,267 | +86.2% |
| Operating profit (loss) | 9901 | -€62,706 | -€20,589 | +€42,117 | +67.2% |
| Financial charges | 65/66B | €67 | €62 | -€5 | -7.5% |
| Recurring financial charges | 65 | €67 | €62 | -€5 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€62,773 | -€20,651 | +€42,122 | +67.1% |
| Income taxes | 67/77 | €572 | €340 | -€232 | -40.6% |
| Profit (loss) for the period | 9904 | -€63,345 | -€20,991 | +€42,354 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,345 | -€20,991 | +€42,354 | +66.9% |
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 24 October 2026 via checked.be.