BURAMA: 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.
BURAMA
Largest movements
- Cash -€32,010
down €32,010 (-7.1%), from €447,696 to €415,686
mainly Tax, wage and social debts (-€93,030) and Investment in fixed assets (net) (-€5,791)
- Receivables within one year -€8,496
down €8,496 (-12.2%), from €69,620 to €61,124
of which Trade receivables: -€35,819
- Tax, wage and social debts -€93,030
down €93,030 (-72.2%), from €128,815 to €35,785
of which Taxes: -€81,301
- Profit (loss) carried forward +€33,016
up €33,016 (+42.5%), from €77,725 to €110,741
- Trade debts +€23,826
up €23,826 (+22.9%), from €104,165 to €127,991
- Gross operating margin -€110,289
down €110,289 (-57.9%), from €190,641 to €80,352
- Staff costs -€37,677
down €37,677 (-54.8%), from €68,694 to €31,017
- Depreciation -€14,117
down €14,117 (-87.8%), from €16,077 to €1,960
- Taxes -€12,773
down €12,773 (-40.3%), from €31,668 to €18,895
- Write-downs -€7,168
down €7,168, from €4,294 to -€2,874
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 | €522,627 | €486,164 | -€36,464 | -7.0% |
| Fixed assets | 21/28 | €5,119 | €8,950 | +€3,831 | +74.8% |
| Tangible fixed assets | 22/27 | €1,605 | €1,236 | -€369 | -23.0% |
| Plant, machinery and equipment | 23 | €300 | - | -€300 | |
| Furniture and vehicles | 24 | €1,305 | €1,236 | -€70 | -5.3% |
| Financial fixed assets | 28 | €3,514 | €7,714 | +€4,200 | +120% |
| Current assets | 29/58 | €517,508 | €477,214 | -€40,294 | -7.8% |
| Amounts receivable within one year | 40/41 | €69,620 | €61,124 | -€8,496 | -12.2% |
| Trade receivables | 40 | €68,323 | €32,504 | -€35,819 | -52.4% |
| Other amounts receivable | 41 | €1,297 | €28,620 | +€27,323 | +2,106% |
| Cash at bank and in hand | 54/58 | €447,696 | €415,686 | -€32,010 | -7.1% |
| Deferred charges and accrued income | 490/1 | €193 | €404 | +€211 | +110% |
| Total equity and liabilities | 10/49 | €522,627 | €486,164 | -€36,464 | -7.0% |
| Equity | 10/15 | €286,818 | €319,834 | +€33,016 | +11.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €147,093 | €147,093 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €140,893 | €140,893 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,725 | €110,741 | +€33,016 | +42.5% |
| Amounts payable | 17/49 | €235,810 | €166,330 | -€69,480 | -29.5% |
| Amounts payable within one year | 42/48 | €235,810 | €166,330 | -€69,480 | -29.5% |
| Trade debts | 44 | €104,165 | €127,991 | +€23,826 | +22.9% |
| Suppliers | 440/4 | €104,165 | €127,991 | +€23,826 | +22.9% |
| Taxes, remuneration and social security | 45 | €128,815 | €35,785 | -€93,030 | -72.2% |
| Taxes | 450/3 | €112,646 | €31,345 | -€81,301 | -72.2% |
| Remuneration and social security | 454/9 | €16,169 | €4,440 | -€11,729 | -72.5% |
| Other amounts payable | 47/48 | €2,829 | €2,554 | -€275 | -9.7% |
| Remuneration, social security and pensions | 62 | €68,694 | €31,017 | -€37,677 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,077 | €1,960 | -€14,117 | -87.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,294 | -€2,874 | -€7,168 | |
| Other operating charges | 640/8 | €2,130 | €1,679 | -€450 | -21.1% |
| Non-recurring operating charges | 66A | - | €110 | +€110 | |
| Gross operating margin | 9900 | €190,641 | €80,352 | -€110,289 | -57.9% |
| Operating profit (loss) | 9901 | €99,446 | €48,459 | -€50,987 | -51.3% |
| Financial income | 75/76B | €2,987 | €4,460 | +€1,473 | +49.3% |
| Recurring financial income | 75 | €2,987 | €4,460 | +€1,473 | +49.3% |
| Financial charges | 65/66B | €1,275 | €1,009 | -€266 | -20.8% |
| Recurring financial charges | 65 | €1,275 | €1,009 | -€266 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €101,159 | €51,911 | -€49,248 | -48.7% |
| Income taxes | 67/77 | €31,668 | €18,895 | -€12,773 | -40.3% |
| Profit (loss) for the period | 9904 | €69,491 | €33,016 | -€36,475 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,491 | €33,016 | -€36,475 | -52.5% |
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 15 October 2026 via checked.be.