BO.BURO: 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.
BO.BURO
Largest movements
- Deferred charges and accrued income +€317,206
up €317,206 (+58.1%), from €546,068 to €863,274
- Receivables within one year -€211,752
down €211,752 (-23.5%), from €900,157 to €688,405
of which Other amounts receivable: -€145,290
- Stocks and contracts +€86,171
up €86,171 (+88.0%), from €97,927 to €184,098
- Cash -€72,845
down €72,845 (-71.6%), from €101,710 to €28,864
mainly Deferred charges and accrued income (-€317,206) and Trade debts (-€90,068)
- Tangible fixed assets -€39,912
down €39,912 (-19.7%), from €202,984 to €163,072
of which Furniture and vehicles: -€37,780
- Accrued charges and deferred income +€196,890
up €196,890 (+45.1%), from €436,131 to €633,021
- Trade debts -€90,068
down €90,068 (-18.4%), from €490,265 to €400,197
- Short-term financial debts -€28,260
down €28,260 (-7.0%), from €403,606 to €375,346
- Staff costs +€136,220
up €136,220 (+43.3%), from €314,724 to €450,944
- Gross operating margin +€54,152
up €54,152 (+9.3%), from €584,270 to €638,422
- Taxes -€20,380
down €20,380 (-47.9%), from €42,584 to €22,204
- Financial charges +€18,071
up €18,071 (+31.3%), from €57,820 to €75,892
- Depreciation +€8,577
up €8,577 (+16.5%), from €51,969 to €60,546
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 | €1,854,845 | €1,933,713 | +€78,867 | +4.3% |
| Fixed assets | 21/28 | €208,984 | €169,072 | -€39,912 | -19.1% |
| Tangible fixed assets | 22/27 | €202,984 | €163,072 | -€39,912 | -19.7% |
| Land and buildings | 22 | €9,442 | €13,843 | +€4,401 | +46.6% |
| Plant, machinery and equipment | 23 | €25,869 | €19,336 | -€6,534 | -25.3% |
| Furniture and vehicles | 24 | €167,673 | €129,894 | -€37,780 | -22.5% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €1,645,861 | €1,764,640 | +€118,779 | +7.2% |
| Stocks and contracts in progress | 3 | €97,927 | €184,098 | +€86,171 | +88.0% |
| Stocks | 30/36 | €97,927 | €184,098 | +€86,171 | +88.0% |
| Amounts receivable within one year | 40/41 | €900,157 | €688,405 | -€211,752 | -23.5% |
| Trade receivables | 40 | €562,627 | €496,165 | -€66,462 | -11.8% |
| Other amounts receivable | 41 | €337,530 | €192,240 | -€145,290 | -43.0% |
| Cash at bank and in hand | 54/58 | €101,710 | €28,864 | -€72,845 | -71.6% |
| Deferred charges and accrued income | 490/1 | €546,068 | €863,274 | +€317,206 | +58.1% |
| Total equity and liabilities | 10/49 | €1,854,845 | €1,933,713 | +€78,867 | +4.3% |
| Equity | 10/15 | €167,521 | €170,146 | +€2,625 | +1.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €844 | €844 | = | 0.0% |
| Non-distributable reserves | 130/1 | €844 | €844 | = | 0.0% |
| Reserves not available under the articles | 1311 | €844 | €844 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,677 | €144,302 | +€2,625 | +1.9% |
| Amounts payable | 17/49 | €1,687,324 | €1,763,567 | +€76,243 | +4.5% |
| Amounts payable after more than one year | 17 | €154,681 | €154,364 | -€317 | -0.2% |
| Financial debts | 170/4 | €154,681 | €154,364 | -€317 | -0.2% |
| Amounts payable within one year | 42/48 | €1,096,512 | €976,182 | -€120,330 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €88,743 | €99,133 | +€10,390 | +11.7% |
| Financial debts | 43 | €403,606 | €375,346 | -€28,260 | -7.0% |
| Credit institutions | 430/8 | €403,606 | €375,346 | -€28,260 | -7.0% |
| Trade debts | 44 | €490,265 | €400,197 | -€90,068 | -18.4% |
| Suppliers | 440/4 | €490,265 | €400,197 | -€90,068 | -18.4% |
| Taxes, remuneration and social security | 45 | €105,398 | €101,506 | -€3,893 | -3.7% |
| Taxes | 450/3 | €76,322 | €63,044 | -€13,279 | -17.4% |
| Remuneration and social security | 454/9 | €29,076 | €38,462 | +€9,386 | +32.3% |
| Other amounts payable | 47/48 | €8,500 | - | -€8,500 | |
| Accrued charges and deferred income | 492/3 | €436,131 | €633,021 | +€196,890 | +45.1% |
| Remuneration, social security and pensions | 62 | €314,724 | €450,944 | +€136,220 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,969 | €60,546 | +€8,577 | +16.5% |
| Other operating charges | 640/8 | €25,499 | €26,318 | +€820 | +3.2% |
| Gross operating margin | 9900 | €584,270 | €638,422 | +€54,152 | +9.3% |
| Operating profit (loss) | 9901 | €192,079 | €100,614 | -€91,464 | -47.6% |
| Financial income | 75/76B | €4,338 | €106 | -€4,232 | -97.6% |
| Recurring financial income | 75 | €916 | €106 | -€810 | -88.4% |
| Non-recurring financial income | 76B | €3,422 | - | -€3,422 | |
| Financial charges | 65/66B | €57,820 | €75,892 | +€18,071 | +31.3% |
| Recurring financial charges | 65 | €57,820 | €75,892 | +€18,071 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €138,596 | €24,829 | -€113,767 | -82.1% |
| Income taxes | 67/77 | €42,584 | €22,204 | -€20,380 | -47.9% |
| Profit (loss) for the period | 9904 | €96,012 | €2,625 | -€93,387 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,012 | €2,625 | -€93,387 | -97.3% |
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 15 October 2026 via checked.be.