Burco Coast: what changed
What changed
Burco Coast
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €937,462+€1.1m
Equity
€9.0m
2024 · €7.0m+€2.0m
Cash
€6.0m
2024 · €3.9m+€2.1m
Balance sheet total
€28.8m
2024 · €23.0m+€5.8m
Largest movements
Assets
- Stocks and contracts +€3.4m
up €3.4m (+19.6%), from €17.6m to €21.0m
- Cash +€2.1m
up €2.1m (+54.8%), from €3.9m to €6.0m
mainly Advances received (+€4.2m) and Net result for the year (+€2.0m)
- Receivables within one year +€755,830
up €755,830 (+173%), from €437,567 to €1.2m
of which Other amounts receivable: +€623,372
- Tangible fixed assets -€469,024
down €469,024 (-67.3%), from €696,647 to €227,623
of which Land and buildings: -€446,011
Equity and liabilities
- Advances received +€4.2m
up €4.2m (+40.9%), from €10.3m to €14.6m
- Other debts -€2.6m
down €2.6m (-100%), from €2.6m to €0
- Profit (loss) carried forward +€2.0m
up €2.0m (+34.2%), from €5.9m to €7.9m
- Trade debts +€1.6m
up €1.6m (+60.5%), from €2.7m to €4.4m
- Accrued charges and deferred income +€624,447
up €624,447 (+8,128%), from €7,683 to €632,130
Income statement
- Turnover +€3.9m
up €3.9m (+30.6%), from €12.8m to €16.8m
- Goods and materials +€2.4m
up €2.4m (+21.8%), from €10.9m to €13.3m
of which Purchases: +€5.4m
- Taxes +€370,053
up €370,053 (+117%), from €315,710 to €685,763
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€937,462
Turnover
+€3.9m
Other operating income
-€103,296
Goods and materials
-€2.4m
Services and other goods
-€7,022
Depreciation
+€3,770
Other operating charges
+€949
Financial income
-€26,524
Financial charges
+€16,718
Taxes
-€370,053
Result 2025
€2.0m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.7m
Investment
+€442,368
Financing
€0
Cash 2024
€3.9m
From operations (derived)
+€1.7m
Net result for the year
+€2.0m
Depreciation
+€26,656
Stocks and contracts
-€3.4m
Receivables within one year
-€755,830
Deferred charges and accrued income
+€18,052
Trade debts
+€1.6m
Tax, wage and social debts
-€28,264
Advances received
+€4.2m
Other debts
-€2.6m
Accrued charges and deferred income
+€624,447
Investment (derived)
+€442,368
Investment in fixed assets (net)
+€442,368
Cash 2025
€6.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,980,031 | €28,816,085 | +€5.8m | +25.4% |
| Fixed assets | 21/28 | €696,647 | €227,623 | -€469,024 | -67.3% |
| Tangible fixed assets | 22/27 | €696,647 | €227,623 | -€469,024 | -67.3% |
| Land and buildings | 22 | €608,995 | €162,984 | -€446,011 | -73.2% |
| Plant, machinery and equipment | 23 | €34,800 | €27,179 | -€7,621 | -21.9% |
| Furniture and vehicles | 24 | €52,852 | €37,460 | -€15,392 | -29.1% |
| Current assets | 29/58 | €22,283,384 | €28,588,462 | +€6.3m | +28.3% |
| Stocks and contracts in progress | 3 | €17,559,023 | €20,996,556 | +€3.4m | +19.6% |
| Stocks | 30/36 | €17,559,023 | €20,996,556 | +€3.4m | +19.6% |
| Property held for sale | 35 | €17,559,023 | €20,996,556 | +€3.4m | +19.6% |
| Amounts receivable within one year | 40/41 | €437,567 | €1,193,396 | +€755,830 | +173% |
| Trade receivables | 40 | €436,035 | €568,493 | +€132,458 | +30.4% |
| Other amounts receivable | 41 | €1,532 | €624,904 | +€623,372 | +40,695% |
| Cash at bank and in hand | 54/58 | €3,889,400 | €6,019,167 | +€2.1m | +54.8% |
| Deferred charges and accrued income | 490/1 | €397,395 | €379,343 | -€18,052 | -4.5% |
| Total equity and liabilities | 10/49 | €22,980,031 | €28,816,085 | +€5.8m | +25.4% |
| Equity | 10/15 | €6,953,616 | €8,954,862 | +€2.0m | +28.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,853,616 | €7,854,862 | +€2.0m | +34.2% |
| Amounts payable | 17/49 | €16,026,415 | €19,861,224 | +€3.8m | +23.9% |
| Amounts payable within one year | 42/48 | €16,018,732 | €19,229,094 | +€3.2m | +20.0% |
| Trade debts | 44 | €2,716,612 | €4,360,858 | +€1.6m | +60.5% |
| Suppliers | 440/4 | €2,716,612 | €4,360,858 | +€1.6m | +60.5% |
| Advances received on contracts in progress | 46 | €10,334,254 | €14,557,479 | +€4.2m | +40.9% |
| Taxes, remuneration and social security | 45 | €339,021 | €310,757 | -€28,264 | -8.3% |
| Taxes | 450/3 | €339,021 | €310,757 | -€28,264 | -8.3% |
| Other amounts payable | 47/48 | €2,628,845 | €0 | -€2.6m | -100% |
| Accrued charges and deferred income | 492/3 | €7,683 | €632,130 | +€624,447 | +8,128% |
| Operating income | 70/76A | €12,950,109 | €16,773,568 | +€3.8m | +29.5% |
| Turnover | 70 | €12,844,524 | €16,771,279 | +€3.9m | +30.6% |
| Other operating income | 74 | €105,585 | €2,289 | -€103,296 | -97.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €11,689,552 | €14,069,369 | +€2.4m | +20.4% |
| Goods for resale, raw materials and consumables | 60 | €10,904,886 | €13,282,401 | +€2.4m | +21.8% |
| Purchases | 600/8 | €11,154,139 | €16,589,610 | +€5.4m | +48.7% |
| Change in stocks: decrease (increase) | 609 | -€249,253 | -€3,307,210 | -€3.1m | -1,227% |
| Services and other goods | 61 | €740,871 | €747,893 | +€7,022 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,426 | €26,656 | -€3,770 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €13,368 | €12,420 | -€949 | -7.1% |
| Operating profit (loss) | 9901 | €1,260,557 | €2,704,198 | +€1.4m | +115% |
| Financial income | 75/76B | €27,753 | €1,229 | -€26,524 | -95.6% |
| Recurring financial income | 75 | €27,753 | €1,229 | -€26,524 | -95.6% |
| Income from financial fixed assets | 750 | €25,578 | €0 | -€25,578 | -100% |
| Income from current assets | 751 | - | €6 | +€6 | |
| Other financial income | 752/9 | €2,175 | €1,223 | -€952 | -43.8% |
| Financial charges | 65/66B | €35,138 | €18,419 | -€16,718 | -47.6% |
| Recurring financial charges | 65 | €35,138 | €18,419 | -€16,718 | -47.6% |
| Debt charges | 650 | €35,137 | €18,224 | -€16,912 | -48.1% |
| Other financial charges | 652/9 | €1 | €195 | +€194 | +16,731% |
| Profit (loss) for the period before taxes | 9903 | €1,253,172 | €2,687,008 | +€1.4m | +114% |
| Income taxes | 67/77 | €315,710 | €685,763 | +€370,053 | +117% |
| Taxes | 670/3 | €315,710 | €685,763 | +€370,053 | +117% |
| Profit (loss) for the period | 9904 | €937,462 | €2,001,245 | +€1.1m | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €937,462 | €2,001,245 | +€1.1m | +113% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.