BURE: 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.
BURE
Largest movements
- Receivables within one year -€180,181
down €180,181 (-24.0%), from €750,009 to €569,828
of which Trade receivables: -€220,532
- Stocks and contracts +€110,580
up €110,580 (+93.1%), from €118,792 to €229,372
- Cash -€73,535
down €73,535 (-32.3%), from €227,362 to €153,826
mainly Stocks and contracts (-€110,580) and Debts after one year (-€64,136)
- Tangible fixed assets -€46,817
down €46,817 (-21.9%), from €213,411 to €166,594
of which Furniture and vehicles: -€37,872
- Profit (loss) carried forward -€102,713
down €102,713 (-24.3%), from €423,557 to €320,844
- Debts after one year -€64,136
down €64,136 (-90.1%), from €71,185 to €7,049
- Trade debts -€35,526
down €35,526 (-6.3%), from €567,627 to €532,102
- Gross operating margin -€66,799
down €66,799 (-6.7%), from €1.0m to €933,541
- Staff costs +€47,701
up €47,701 (+5.6%), from €852,629 to €900,330
- Write-downs -€16,341
down €16,341, from €11,568 to -€4,772
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 | €1,362,805 | €1,172,426 | -€190,379 | -14.0% |
| Fixed assets | 21/28 | €264,110 | €217,293 | -€46,817 | -17.7% |
| Tangible fixed assets | 22/27 | €213,411 | €166,594 | -€46,817 | -21.9% |
| Plant, machinery and equipment | 23 | €16,993 | €12,292 | -€4,700 | -27.7% |
| Furniture and vehicles | 24 | €91,101 | €53,228 | -€37,872 | -41.6% |
| Other tangible fixed assets | 26 | €105,317 | €101,073 | -€4,244 | -4.0% |
| Financial fixed assets | 28 | €50,699 | €50,699 | = | 0.0% |
| Current assets | 29/58 | €1,098,695 | €955,134 | -€143,562 | -13.1% |
| Stocks and contracts in progress | 3 | €118,792 | €229,372 | +€110,580 | +93.1% |
| Stocks | 30/36 | €118,792 | €229,372 | +€110,580 | +93.1% |
| Amounts receivable within one year | 40/41 | €750,009 | €569,828 | -€180,181 | -24.0% |
| Trade receivables | 40 | €615,295 | €394,763 | -€220,532 | -35.8% |
| Other amounts receivable | 41 | €134,714 | €175,065 | +€40,351 | +30.0% |
| Cash at bank and in hand | 54/58 | €227,362 | €153,826 | -€73,535 | -32.3% |
| Deferred charges and accrued income | 490/1 | €2,532 | €2,107 | -€425 | -16.8% |
| Total equity and liabilities | 10/49 | €1,362,805 | €1,172,426 | -€190,379 | -14.0% |
| Equity | 10/15 | €526,687 | €423,974 | -€102,713 | -19.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €41,630 | €41,630 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,475 | €11,475 | = | 0.0% |
| Legal reserve | 130 | €11,475 | €11,475 | = | 0.0% |
| Distributable reserves | 133 | €30,155 | €30,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | €423,557 | €320,844 | -€102,713 | -24.3% |
| Amounts payable | 17/49 | €836,118 | €748,453 | -€87,665 | -10.5% |
| Amounts payable after more than one year | 17 | €71,185 | €7,049 | -€64,136 | -90.1% |
| Financial debts | 170/4 | €71,185 | €7,049 | -€64,136 | -90.1% |
| Amounts payable within one year | 42/48 | €758,008 | €724,334 | -€33,674 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €30,561 | €22,413 | -€8,147 | -26.7% |
| Financial debts | 43 | €40,762 | €41,723 | +€961 | +2.4% |
| Credit institutions | 430/8 | €40,762 | €41,723 | +€961 | +2.4% |
| Trade debts | 44 | €567,627 | €532,102 | -€35,526 | -6.3% |
| Suppliers | 440/4 | €567,627 | €532,102 | -€35,526 | -6.3% |
| Taxes, remuneration and social security | 45 | €112,058 | €120,027 | +€7,969 | +7.1% |
| Taxes | 450/3 | €23,008 | €23,120 | +€113 | +0.5% |
| Remuneration and social security | 454/9 | €89,050 | €96,907 | +€7,857 | +8.8% |
| Other amounts payable | 47/48 | €7,000 | €8,069 | +€1,069 | +15.3% |
| Accrued charges and deferred income | 492/3 | €6,925 | €17,071 | +€10,145 | +146% |
| Remuneration, social security and pensions | 62 | €852,629 | €900,330 | +€47,701 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,580 | €57,446 | -€3,134 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,568 | -€4,772 | -€16,341 | |
| Other operating charges | 640/8 | €13,394 | €15,414 | +€2,020 | +15.1% |
| Gross operating margin | 9900 | €1,000,340 | €933,541 | -€66,799 | -6.7% |
| Operating profit (loss) | 9901 | €62,169 | -€34,877 | -€97,046 | |
| Financial income | 75/76B | €30 | €1,891 | +€1,861 | +6,202% |
| Recurring financial income | 75 | €30 | €1,891 | +€1,861 | +6,202% |
| Financial charges | 65/66B | €12,608 | €11,879 | -€729 | -5.8% |
| Recurring financial charges | 65 | €12,608 | €11,879 | -€729 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €49,591 | -€44,864 | -€94,455 | |
| Income taxes | 67/77 | €15,804 | €7,849 | -€7,955 | -50.3% |
| Profit (loss) for the period | 9904 | €33,787 | -€52,713 | -€86,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,787 | -€52,713 | -€86,500 |
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 19 October 2026 via checked.be.