BURAK COMPANY: 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.
BURAK COMPANY
Largest movements
- Receivables within one year -€206,256
down €206,256 (-35.7%), from €577,858 to €371,602
of which Trade receivables: -€203,820
- Cash -€15,517
down €15,517 (-82.2%), from €18,872 to €3,355
mainly Trade debts (-€244,324) and Tax, wage and social debts (-€5,635)
- Tangible fixed assets -€9,670
down €9,670 (-43.1%), from €22,439 to €12,769
- Trade debts -€244,324
down €244,324 (-55.9%), from €436,797 to €192,473
- Profit (loss) carried forward +€16,934
up €16,934, from -€14,319 to €2,615
- Staff costs -€213,753
down €213,753 (-63.4%), from €337,248 to €123,496
- Gross operating margin -€173,482
down €173,482 (-46.1%), from €376,438 to €202,956
- Write-downs +€164,962
new in 2021: €164,962
- Financial income +€116,529
new in 2021: €116,529
- Other operating charges -€8,591
down €8,591 (-81.9%), from €10,487 to €1,896
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €650,785 | €418,062 | -€232,723 | -35.8% |
| Fixed assets | 21/28 | €54,055 | €43,105 | -€10,950 | -20.3% |
| Tangible fixed assets | 22/27 | €22,439 | €12,769 | -€9,670 | -43.1% |
| Plant, machinery and equipment | 23 | €1,570 | - | -€1,570 | |
| Furniture and vehicles | 24 | €8,400 | €4,200 | -€4,200 | -50.0% |
| Leasing and similar rights | 25 | €12,469 | €8,569 | -€3,900 | -31.3% |
| Financial fixed assets | 28 | €31,616 | €30,336 | -€1,280 | -4.0% |
| Current assets | 29/58 | €596,730 | €374,957 | -€221,773 | -37.2% |
| Amounts receivable within one year | 40/41 | €577,858 | €371,602 | -€206,256 | -35.7% |
| Trade receivables | 40 | €575,422 | €371,602 | -€203,820 | -35.4% |
| Other amounts receivable | 41 | €2,436 | - | -€2,436 | |
| Cash at bank and in hand | 54/58 | €18,872 | €3,355 | -€15,517 | -82.2% |
| Total equity and liabilities | 10/49 | €650,785 | €418,062 | -€232,723 | -35.8% |
| Equity | 10/15 | €5,341 | €22,275 | +€16,934 | +317% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,060 | €1,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,060 | €1,060 | = | 0.0% |
| Legal reserve | 130 | €1,060 | €1,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,319 | €2,615 | +€16,934 | |
| Amounts payable | 17/49 | €645,444 | €395,787 | -€249,656 | -38.7% |
| Amounts payable after more than one year | 17 | €31,189 | €31,189 | = | 0.0% |
| Financial debts | 170/4 | €31,189 | €31,189 | = | 0.0% |
| Amounts payable within one year | 42/48 | €614,255 | €364,598 | -€249,656 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €23,124 | €19,882 | -€3,242 | -14.0% |
| Financial debts | 43 | €29,000 | €29,000 | = | 0.0% |
| Credit institutions | 430/8 | €29,000 | €29,000 | = | 0.0% |
| Trade debts | 44 | €436,797 | €192,473 | -€244,324 | -55.9% |
| Suppliers | 440/4 | €436,797 | €192,473 | -€244,324 | -55.9% |
| Taxes, remuneration and social security | 45 | €84,415 | €78,780 | -€5,635 | -6.7% |
| Taxes | 450/3 | €3,032 | €9,833 | +€6,802 | +224% |
| Remuneration and social security | 454/9 | €81,384 | €68,946 | -€12,437 | -15.3% |
| Other amounts payable | 47/48 | €40,918 | €44,464 | +€3,546 | +8.7% |
| Remuneration, social security and pensions | 62 | €337,248 | €123,496 | -€213,753 | -63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,039 | €9,670 | -€4,369 | -31.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €164,962 | +€164,962 | |
| Other operating charges | 640/8 | €10,487 | €1,896 | -€8,591 | -81.9% |
| Gross operating margin | 9900 | €376,438 | €202,956 | -€173,482 | -46.1% |
| Operating profit (loss) | 9901 | €14,664 | -€97,068 | -€111,732 | |
| Financial income | 75/76B | - | €116,529 | +€116,529 | |
| Recurring financial income | 75 | - | €116,529 | +€116,529 | |
| Financial charges | 65/66B | €3,435 | €1,133 | -€2,302 | -67.0% |
| Recurring financial charges | 65 | €3,435 | €1,133 | -€2,302 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €11,229 | €18,328 | +€7,100 | +63.2% |
| Income taxes | 67/77 | €2,438 | €1,395 | -€1,043 | -42.8% |
| Profit (loss) for the period | 9904 | €8,791 | €16,934 | +€8,143 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,791 | €16,934 | +€8,143 | +92.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2020 and 30 September 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.