BURA PROJECTS: 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.
BURA PROJECTS
Largest movements
- Receivables within one year +€123,495
up €123,495 (+83.4%), from €148,061 to €271,556
of which Trade receivables: +€135,542
- Cash -€55,361
down €55,361 (-27.5%), from €201,327 to €145,965
mainly Contributions, distributions and other (-€245,000) and Receivables within one year (-€123,495)
- Tangible fixed assets -€31,673
down €31,673 (-19.0%), from €167,058 to €135,385
of which Furniture and vehicles: -€31,282
- Other debts +€47,303
up €47,303 (+23.9%), from €198,183 to €245,485
- Reserves -€25,000
down €25,000 (-20.0%), from €125,000 to €100,000
- Trade debts +€19,240
up €19,240 (+13.8%), from €139,396 to €158,636
- Tax, wage and social debts -€7,000
no longer reported in 2025 (was €7,000)
- Gross operating margin -€250,829
down €250,829 (-42.5%), from €589,944 to €339,114
- Write-downs -€169,748
down €169,748 (-92.4%), from €183,621 to €13,874
- Taxes -€28,572
down €28,572 (-33.6%), from €85,153 to €56,581
- Other operating charges -€9,424
down €9,424 (-73.1%), from €12,893 to €3,469
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 | €522,841 | €559,874 | +€37,033 | +7.1% |
| Fixed assets | 21/28 | €167,100 | €135,427 | -€31,673 | -19.0% |
| Tangible fixed assets | 22/27 | €167,058 | €135,385 | -€31,673 | -19.0% |
| Plant, machinery and equipment | 23 | €2,130 | €1,738 | -€392 | -18.4% |
| Furniture and vehicles | 24 | €164,928 | €133,646 | -€31,282 | -19.0% |
| Financial fixed assets | 28 | €42 | €42 | = | 0.0% |
| Current assets | 29/58 | €355,741 | €424,447 | +€68,706 | +19.3% |
| Amounts receivable within one year | 40/41 | €148,061 | €271,556 | +€123,495 | +83.4% |
| Trade receivables | 40 | €66,246 | €201,788 | +€135,542 | +205% |
| Other amounts receivable | 41 | €81,815 | €69,768 | -€12,047 | -14.7% |
| Cash at bank and in hand | 54/58 | €201,327 | €145,965 | -€55,361 | -27.5% |
| Deferred charges and accrued income | 490/1 | €6,353 | €6,926 | +€573 | +9.0% |
| Total equity and liabilities | 10/49 | €522,841 | €559,874 | +€37,033 | +7.1% |
| Equity | 10/15 | €178,262 | €155,752 | -€22,510 | -12.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Distributable reserves | 133 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Profit (loss) carried forward | 14 | €32,802 | €35,292 | +€2,490 | +7.6% |
| Amounts payable | 17/49 | €344,579 | €404,122 | +€59,543 | +17.3% |
| Amounts payable within one year | 42/48 | €344,579 | €404,122 | +€59,543 | +17.3% |
| Trade debts | 44 | €139,396 | €158,636 | +€19,240 | +13.8% |
| Suppliers | 440/4 | €139,396 | €158,636 | +€19,240 | +13.8% |
| Taxes, remuneration and social security | 45 | €7,000 | - | -€7,000 | |
| Taxes | 450/3 | €7,000 | - | -€7,000 | |
| Other amounts payable | 47/48 | €198,183 | €245,485 | +€47,303 | +23.9% |
| Non-recurring operating income | 76A | €18,660 | - | -€18,660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,011 | €47,272 | +€3,261 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €183,621 | €13,874 | -€169,748 | -92.4% |
| Other operating charges | 640/8 | €12,893 | €3,469 | -€9,424 | -73.1% |
| Non-recurring operating charges | 66A | €4,164 | €4,558 | +€394 | +9.5% |
| Gross operating margin | 9900 | €589,944 | €339,114 | -€250,829 | -42.5% |
| Operating profit (loss) | 9901 | €345,255 | €269,942 | -€75,313 | -21.8% |
| Financial income | 75/76B | €15,812 | €11,170 | -€4,642 | -29.4% |
| Recurring financial income | 75 | €15,812 | €11,170 | -€4,642 | -29.4% |
| Financial charges | 65/66B | €990 | €2,041 | +€1,051 | +106% |
| Recurring financial charges | 65 | €990 | €765 | -€226 | -22.8% |
| Non-recurring financial charges | 66B | - | €1,276 | +€1,276 | |
| Profit (loss) for the period before taxes | 9903 | €360,077 | €279,071 | -€81,006 | -22.5% |
| Income taxes | 67/77 | €85,153 | €56,581 | -€28,572 | -33.6% |
| Profit (loss) for the period | 9904 | €274,924 | €222,490 | -€52,434 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €274,924 | €222,490 | -€52,434 | -19.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.