BURAGEST: 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.
BURAGEST
Largest movements
- Cash -€6,952
down €6,952 (-46.7%), from €14,871 to €7,919
mainly Net result for the year (-€10,001)
- Tangible fixed assets -€738
down €738 (-2.6%), from €28,883 to €28,146
- Profit (loss) carried forward -€10,001
down €10,001 (-5.5%), from -€180,559 to -€190,560
- Other debts +€1,776
up €1,776 (+1.9%), from €91,649 to €93,425
- Gross operating margin +€4,201
up €4,201 (+39.5%), from -€10,631 to -€6,429
- Other operating charges -€452
down €452 (-14.4%), from €3,138 to €2,686
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 | €69,290 | €61,065 | -€8,225 | -11.9% |
| Fixed assets | 21/28 | €28,883 | €28,146 | -€738 | -2.6% |
| Tangible fixed assets | 22/27 | €28,883 | €28,146 | -€738 | -2.6% |
| Land and buildings | 22 | €28,883 | €28,146 | -€738 | -2.6% |
| Current assets | 29/58 | €40,407 | €32,919 | -€7,488 | -18.5% |
| Amounts receivable within one year | 40/41 | €25,536 | €25,000 | -€536 | -2.1% |
| Other amounts receivable | 41 | €25,536 | €25,000 | -€536 | -2.1% |
| Cash at bank and in hand | 54/58 | €14,871 | €7,919 | -€6,952 | -46.7% |
| Total equity and liabilities | 10/49 | €69,290 | €61,065 | -€8,225 | -11.9% |
| Equity | 10/15 | -€22,359 | -€32,360 | -€10,001 | -44.7% |
| Contributions | 10/11 | €156,200 | €156,200 | = | 0.0% |
| Capital | 10 | €156,200 | €156,200 | = | 0.0% |
| Issued capital | 100 | €156,200 | €156,200 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,559 | -€190,560 | -€10,001 | -5.5% |
| Amounts payable | 17/49 | €91,649 | €93,425 | +€1,776 | +1.9% |
| Amounts payable within one year | 42/48 | €91,649 | €93,425 | +€1,776 | +1.9% |
| Other amounts payable | 47/48 | €91,649 | €93,425 | +€1,776 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €738 | €738 | = | 0.0% |
| Other operating charges | 640/8 | €3,138 | €2,686 | -€452 | -14.4% |
| Gross operating margin | 9900 | -€10,631 | -€6,429 | +€4,201 | +39.5% |
| Operating profit (loss) | 9901 | -€14,507 | -€9,854 | +€4,653 | +32.1% |
| Financial charges | 65/66B | €140 | €147 | +€8 | +5.5% |
| Recurring financial charges | 65 | €140 | €147 | +€8 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,647 | -€10,001 | +€4,646 | +31.7% |
| Profit (loss) for the period | 9904 | -€14,647 | -€10,001 | +€4,646 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,647 | -€10,001 | +€4,646 | +31.7% |
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 13 October 2026 via checked.be.