BURCODAN: what changed
Two fiscal 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.
BURCODAN
Largest movements
- Receivables within one year +€14,565
up €14,565 (+100.2%), from €14,533 to €29,098
of which Trade receivables: +€10,372
- Cash -€5,578
down €5,578 (-21.1%), from €26,454 to €20,876
mainly Debts after one year (-€19,786) and Receivables within one year (-€14,565)
- Tangible fixed assets -€2,624
down €2,624 (-38.3%), from €6,859 to €4,235
of which Furniture and vehicles: -€1,717
- Profit (loss) carried forward +€23,597
up €23,597, from -€23,597 to €0
- Debts after one year -€19,786
down €19,786 (-76.5%), from €25,857 to €6,070
- Reserves +€9,075
up €9,075 (+487.9%), from €1,860 to €10,935
of which Distributable reserves: +€9,075
- Trade debts -€4,117
down €4,117 (-96.3%), from €4,276 to €160
- Tax, wage and social debts -€2,456
down €2,456 (-100.0%), from €2,456 to €0
of which Remuneration and social security: -€1,902
- Gross operating margin +€17,017
up €17,017 (+63.0%), from €27,016 to €44,033
- Taxes +€6,231
up €6,231 (+5057.4%), from €123 to €6,354
- Depreciation +€891
up €891 (+51.4%), from €1,733 to €2,624
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,137 | €55,551 | +€6,414 | +13.1% |
| Fixed assets | 21/28 | €6,859 | €4,235 | -€2,624 | -38.3% |
| Tangible fixed assets | 22/27 | €6,859 | €4,235 | -€2,624 | -38.3% |
| Plant, machinery and equipment | 23 | €2,018 | €1,111 | -€907 | -44.9% |
| Furniture and vehicles | 24 | €4,841 | €3,124 | -€1,717 | -35.5% |
| Current assets | 29/58 | €42,277 | €51,316 | +€9,038 | +21.4% |
| Amounts receivable within one year | 40/41 | €14,533 | €29,098 | +€14,565 | +100.2% |
| Trade receivables | 40 | €10,414 | €20,786 | +€10,372 | +99.6% |
| Other amounts receivable | 41 | €4,119 | €8,312 | +€4,193 | +101.8% |
| Cash at bank and in hand | 54/58 | €26,454 | €20,876 | -€5,578 | -21.1% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,342 | +€52 | +4.0% |
| Total equity and liabilities | 10/49 | €49,137 | €55,551 | +€6,414 | +13.1% |
| Equity | 10/15 | -€3,137 | €29,535 | +€32,672 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €10,935 | +€9,075 | +487.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €10,935 | +€9,075 | +487.9% |
| Profit (loss) carried forward | 14 | -€23,597 | €0 | +€23,597 | |
| Amounts payable | 17/49 | €52,274 | €26,016 | -€26,257 | -50.2% |
| Amounts payable after more than one year | 17 | €25,857 | €6,070 | -€19,786 | -76.5% |
| Financial debts | 170/4 | €25,857 | €6,070 | -€19,786 | -76.5% |
| Amounts payable within one year | 42/48 | €26,417 | €19,946 | -€6,471 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €19,684 | €19,786 | +€102 | +0.5% |
| Trade debts | 44 | €4,276 | €160 | -€4,117 | -96.3% |
| Suppliers | 440/4 | €4,276 | €160 | -€4,117 | -96.3% |
| Taxes, remuneration and social security | 45 | €2,456 | €0 | -€2,456 | -100.0% |
| Taxes | 450/3 | €554 | €0 | -€554 | -100.0% |
| Remuneration and social security | 454/9 | €1,902 | €0 | -€1,902 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,733 | €2,624 | +€891 | +51.4% |
| Other operating charges | 640/8 | €765 | €1,170 | +€405 | +52.9% |
| Gross operating margin | 9900 | €27,016 | €44,033 | +€17,017 | +63.0% |
| Operating profit (loss) | 9901 | €24,518 | €40,239 | +€15,721 | +64.1% |
| Financial income | 75/76B | €1 | €243 | +€242 | +17135.5% |
| Recurring financial income | 75 | €1 | €243 | +€242 | +17135.5% |
| Financial charges | 65/66B | €1,153 | €1,457 | +€303 | +26.3% |
| Recurring financial charges | 65 | €1,153 | €1,457 | +€303 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €23,366 | €39,026 | +€15,660 | +67.0% |
| Income taxes | 67/77 | €123 | €6,354 | +€6,231 | +5057.4% |
| Profit (loss) for the period | 9904 | €23,243 | €32,672 | +€9,429 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,243 | €32,672 | +€9,429 | +40.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.