Buermans R.: 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.
Buermans R.
Largest movements
- Receivables within one year -€206,013
down €206,013 (-57.5%), from €358,465 to €152,452
of which Other amounts receivable: -€204,409
- Tangible fixed assets -€152,977
down €152,977 (-12.5%), from €1.2m to €1.1m
of which Plant, machinery and equipment: -€150,544
- Cash +€137,194
up €137,194 (+49.6%), from €276,499 to €413,693
mainly Depreciation (+€269,077) and Receivables within one year (+€206,013)
- Reserves -€185,251
down €185,251 (-32.8%), from €564,217 to €378,967
- Debts after one year -€89,047
down €89,047 (-9.5%), from €932,972 to €843,926
- Tax, wage and social debts +€30,538
up €30,538 (+46.6%), from €65,524 to €96,062
of which Taxes: +€20,020
- Other debts +€30,000
new in 2025: €30,000
- Gross operating margin +€129,787
up €129,787 (+20.8%), from €623,341 to €753,128
- Staff costs +€61,303
up €61,303 (+24.7%), from €248,328 to €309,631
- Depreciation +€57,712
up €57,712 (+27.3%), from €211,365 to €269,077
- Financial income -€11,580
down €11,580 (-46.3%), from €24,986 to €13,406
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 | €1,870,389 | €1,649,645 | -€220,744 | -11.8% |
| Fixed assets | 21/28 | €1,227,361 | €1,074,384 | -€152,977 | -12.5% |
| Tangible fixed assets | 22/27 | €1,227,361 | €1,074,384 | -€152,977 | -12.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €816,859 | €666,315 | -€150,544 | -18.4% |
| Furniture and vehicles | 24 | €19,574 | €15,488 | -€4,087 | -20.9% |
| Leasing and similar rights | 25 | €390,928 | €392,581 | +€1,653 | +0.4% |
| Current assets | 29/58 | €643,028 | €575,261 | -€67,767 | -10.5% |
| Stocks and contracts in progress | 3 | €6,295 | €5,709 | -€586 | -9.3% |
| Stocks | 30/36 | €6,295 | €5,709 | -€586 | -9.3% |
| Amounts receivable within one year | 40/41 | €358,465 | €152,452 | -€206,013 | -57.5% |
| Trade receivables | 40 | €14,472 | €12,868 | -€1,604 | -11.1% |
| Other amounts receivable | 41 | €343,994 | €139,584 | -€204,409 | -59.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €276,499 | €413,693 | +€137,194 | +49.6% |
| Deferred charges and accrued income | 490/1 | €1,769 | €3,408 | +€1,638 | +92.6% |
| Total equity and liabilities | 10/49 | €1,870,389 | €1,649,645 | -€220,744 | -11.8% |
| Equity | 10/15 | €582,817 | €397,567 | -€185,251 | -31.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €564,217 | €378,967 | -€185,251 | -32.8% |
| Distributable reserves | 133 | €564,217 | €378,967 | -€185,251 | -32.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,287,572 | €1,252,079 | -€35,493 | -2.8% |
| Amounts payable after more than one year | 17 | €932,972 | €843,926 | -€89,047 | -9.5% |
| Financial debts | 170/4 | €932,972 | €843,926 | -€89,047 | -9.5% |
| Amounts payable within one year | 42/48 | €354,600 | €408,153 | +€53,553 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €161,315 | €168,421 | +€7,106 | +4.4% |
| Financial debts | 43 | €0 | €31 | +€31 | |
| Credit institutions | 430/8 | €0 | €31 | +€31 | |
| Trade debts | 44 | €127,761 | €113,639 | -€14,121 | -11.1% |
| Suppliers | 440/4 | €127,761 | €113,639 | -€14,121 | -11.1% |
| Taxes, remuneration and social security | 45 | €65,524 | €96,062 | +€30,538 | +46.6% |
| Taxes | 450/3 | €15,691 | €35,711 | +€20,020 | +128% |
| Remuneration and social security | 454/9 | €49,833 | €60,351 | +€10,518 | +21.1% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Non-recurring operating income | 76A | €6,905 | €0 | -€6,905 | -100.0% |
| Remuneration, social security and pensions | 62 | €248,328 | €309,631 | +€61,303 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,365 | €269,077 | +€57,712 | +27.3% |
| Other operating charges | 640/8 | €6,428 | €7,270 | +€843 | +13.1% |
| Gross operating margin | 9900 | €623,341 | €753,128 | +€129,787 | +20.8% |
| Operating profit (loss) | 9901 | €157,221 | €167,150 | +€9,929 | +6.3% |
| Financial income | 75/76B | €24,986 | €13,406 | -€11,580 | -46.3% |
| Recurring financial income | 75 | €24,986 | €13,406 | -€11,580 | -46.3% |
| Financial charges | 65/66B | €31,732 | €36,518 | +€4,786 | +15.1% |
| Recurring financial charges | 65 | €31,732 | €36,518 | +€4,786 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €150,475 | €144,038 | -€6,437 | -4.3% |
| Income taxes | 67/77 | €39,424 | €33,197 | -€6,227 | -15.8% |
| Profit (loss) for the period | 9904 | €111,050 | €110,841 | -€209 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,050 | €110,841 | -€209 | -0.2% |
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 16 October 2026 via checked.be.