BOURAS: 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.
BOURAS
Largest movements
- Receivables within one year -€110,440
down €110,440 (-99.2%), from €111,359 to €918
- Cash +€25,478
up €25,478 (+318%), from €8,011 to €33,489
mainly Receivables within one year (+€110,440) and Net result for the year (+€27,411)
- Tangible fixed assets +€5,319
up €5,319 (+25.8%), from €20,638 to €25,957
of which Land and buildings: +€6,220
- Stocks and contracts +€2,500
new in 2025: €2,500
- Financial fixed assets +€2,000
new in 2025: €2,000
- Tax, wage and social debts -€80,055
down €80,055 (-65.1%), from €122,988 to €42,932
of which Remuneration and social security: -€81,656
- Profit (loss) carried forward +€27,411
up €27,411, from -€17,264 to €10,147
- Trade debts -€22,500
down €22,500 (-71.9%), from €31,284 to €8,784
- Gross operating margin +€9,539
up €9,539 (+1.6%), from €582,282 to €591,820
- Financial income -€6,545
no longer reported in 2025 (was €6,545)
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 | €140,007 | €64,864 | -€75,144 | -53.7% |
| Fixed assets | 21/28 | €20,638 | €27,957 | +€7,319 | +35.5% |
| Tangible fixed assets | 22/27 | €20,638 | €25,957 | +€5,319 | +25.8% |
| Land and buildings | 22 | - | €6,220 | +€6,220 | |
| Plant, machinery and equipment | 23 | - | €4,115 | +€4,115 | |
| Furniture and vehicles | 24 | €20,638 | €15,621 | -€5,017 | -24.3% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €119,370 | €36,907 | -€82,463 | -69.1% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €111,359 | €918 | -€110,440 | -99.2% |
| Other amounts receivable | 41 | €111,359 | €918 | -€110,440 | -99.2% |
| Cash at bank and in hand | 54/58 | €8,011 | €33,489 | +€25,478 | +318% |
| Total equity and liabilities | 10/49 | €140,007 | €64,864 | -€75,144 | -53.7% |
| Equity | 10/15 | -€14,264 | €13,147 | +€27,411 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,264 | €10,147 | +€27,411 | |
| Amounts payable | 17/49 | €154,271 | €51,717 | -€102,555 | -66.5% |
| Amounts payable within one year | 42/48 | €154,271 | €51,717 | -€102,555 | -66.5% |
| Trade debts | 44 | €31,284 | €8,784 | -€22,500 | -71.9% |
| Suppliers | 440/4 | €31,284 | €8,784 | -€22,500 | -71.9% |
| Taxes, remuneration and social security | 45 | €122,988 | €42,932 | -€80,055 | -65.1% |
| Taxes | 450/3 | €12,157 | €13,757 | +€1,601 | +13.2% |
| Remuneration and social security | 454/9 | €110,831 | €29,175 | -€81,656 | -73.7% |
| Remuneration, social security and pensions | 62 | €554,970 | €555,661 | +€691 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,590 | €6,373 | +€2,783 | +77.5% |
| Other operating charges | 640/8 | €1,850 | €150 | -€1,700 | -91.9% |
| Gross operating margin | 9900 | €582,282 | €591,820 | +€9,539 | +1.6% |
| Operating profit (loss) | 9901 | €21,872 | €29,637 | +€7,766 | +35.5% |
| Financial income | 75/76B | €6,545 | - | -€6,545 | |
| Recurring financial income | 75 | €6,545 | - | -€6,545 | |
| Financial charges | 65/66B | €46 | €2,226 | +€2,180 | +4,754% |
| Recurring financial charges | 65 | €46 | €2,226 | +€2,180 | +4,754% |
| Profit (loss) for the period before taxes | 9903 | €28,371 | €27,411 | -€960 | -3.4% |
| Profit (loss) for the period | 9904 | €28,371 | €27,411 | -€960 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,371 | €27,411 | -€960 | -3.4% |
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 14 October 2026 via checked.be.