BORË CONCEPT: 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.
BORË CONCEPT
Largest movements
- Tangible fixed assets -€13,506
down €13,506 (-5.8%), from €233,422 to €219,916
of which Land and buildings: -€12,616
- Cash -€2,669
down €2,669 (-48.3%), from €5,524 to €2,855
mainly Other debts (-€29,343) and Accrued charges and deferred income (-€4,035)
- Other debts -€29,343
down €29,343 (-11.1%), from €265,255 to €235,912
- Profit (loss) carried forward +€13,758
up €13,758 (+3.8%), from -€359,365 to -€345,607
- Accrued charges and deferred income -€4,035
no longer reported in 2025 (was €4,035)
- Tax, wage and social debts +€3,398
up €3,398 (+23.1%), from €14,706 to €18,104
of which Taxes: +€2,410
- Gross operating margin +€52,059
up €52,059 (+109%), from €47,814 to €99,873
- Staff costs +€42,127
up €42,127 (+199%), from €21,158 to €63,285
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 | €259,690 | €241,068 | -€18,622 | -7.2% |
| Fixed assets | 21/28 | €233,977 | €220,471 | -€13,506 | -5.8% |
| Tangible fixed assets | 22/27 | €233,422 | €219,916 | -€13,506 | -5.8% |
| Land and buildings | 22 | €232,233 | €219,617 | -€12,616 | -5.4% |
| Plant, machinery and equipment | 23 | €1,189 | €299 | -€890 | -74.9% |
| Financial fixed assets | 28 | €555 | €555 | = | 0.0% |
| Current assets | 29/58 | €25,713 | €20,597 | -€5,116 | -19.9% |
| Stocks and contracts in progress | 3 | €15,869 | €14,488 | -€1,381 | -8.7% |
| Stocks | 30/36 | €15,869 | €14,488 | -€1,381 | -8.7% |
| Amounts receivable within one year | 40/41 | €3,757 | €3,254 | -€503 | -13.4% |
| Trade receivables | 40 | €3,217 | €1,943 | -€1,274 | -39.6% |
| Other amounts receivable | 41 | €540 | €1,311 | +€771 | +143% |
| Cash at bank and in hand | 54/58 | €5,524 | €2,855 | -€2,669 | -48.3% |
| Deferred charges and accrued income | 490/1 | €563 | - | -€563 | |
| Total equity and liabilities | 10/49 | €259,690 | €241,068 | -€18,622 | -7.2% |
| Equity | 10/15 | -€60,773 | -€47,015 | +€13,758 | +22.6% |
| Contributions | 10/11 | €298,592 | €298,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€359,365 | -€345,607 | +€13,758 | +3.8% |
| Amounts payable | 17/49 | €320,463 | €288,083 | -€32,380 | -10.1% |
| Amounts payable within one year | 42/48 | €316,428 | €288,083 | -€28,345 | -9.0% |
| Trade debts | 44 | €36,467 | €34,067 | -€2,400 | -6.6% |
| Suppliers | 440/4 | €36,467 | €34,067 | -€2,400 | -6.6% |
| Taxes, remuneration and social security | 45 | €14,706 | €18,104 | +€3,398 | +23.1% |
| Taxes | 450/3 | €11,028 | €13,438 | +€2,410 | +21.9% |
| Remuneration and social security | 454/9 | €3,678 | €4,666 | +€988 | +26.9% |
| Other amounts payable | 47/48 | €265,255 | €235,912 | -€29,343 | -11.1% |
| Accrued charges and deferred income | 492/3 | €4,035 | - | -€4,035 | |
| Remuneration, social security and pensions | 62 | €21,158 | €63,285 | +€42,127 | +199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,506 | €13,506 | = | 0.0% |
| Other operating charges | 640/8 | €5,435 | €5,834 | +€399 | +7.3% |
| Non-recurring operating charges | 66A | €99 | - | -€99 | |
| Gross operating margin | 9900 | €47,814 | €99,873 | +€52,059 | +109% |
| Operating profit (loss) | 9901 | €7,616 | €17,248 | +€9,632 | +126% |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €3,615 | €3,477 | -€138 | -3.8% |
| Recurring financial charges | 65 | €3,436 | €3,419 | -€17 | -0.5% |
| Non-recurring financial charges | 66B | €179 | €58 | -€121 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €4,036 | €13,771 | +€9,735 | +241% |
| Income taxes | 67/77 | €156 | €13 | -€143 | -91.7% |
| Profit (loss) for the period | 9904 | €3,880 | €13,758 | +€9,878 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €3,880 | €13,758 | +€9,878 | +255% |
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 31 October 2026 via checked.be.