BUREAU BEAM: 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.
BUREAU BEAM
Largest movements
- Financial fixed assets -€222,311
down €222,311 (-56.3%), from €394,929 to €172,617
- Deferred charges and accrued income +€214,317
up €214,317 (+2630.2%), from €8,148 to €222,466
- Receivables within one year -€32,328
down €32,328 (-30.4%), from €106,330 to €74,003
of which Other amounts receivable: -€30,777
- Tangible fixed assets +€11,056
up €11,056 (+7.7%), from €143,473 to €154,529
of which Furniture and vehicles: +€22,300
- Trade debts -€14,741
down €14,741 (-62.9%), from €23,451 to €8,711
- Other debts -€13,664
down €13,664 (-3.7%), from €365,495 to €351,832
- Tax, wage and social debts +€12,867
up €12,867 (+175.6%), from €7,328 to €20,195
of which Taxes: +€17,462
- Short-term financial debts -€11,807
down €11,807 (-66.3%), from €17,807 to €6,000
of which Other loans: -€11,807
- Reserves +€9,000
up €9,000 (+19.3%), from €46,660 to €55,660
of which Distributable reserves: +€9,000
- Financial charges +€222,408
up €222,408 (+4601.1%), from €4,834 to €227,241
- Financial income +€214,911
up €214,911 (+2904.2%), from €7,400 to €222,311
- Gross operating margin +€26,969
up €26,969 (+65.1%), from €41,454 to €68,423
- Taxes +€7,178
up €7,178 (+1031.7%), from €696 to €7,874
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.
Cash bridge derived
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 | €652,880 | €626,366 | -€26,514 | -4.1% |
| Fixed assets | 21/28 | €538,401 | €327,146 | -€211,255 | -39.2% |
| Tangible fixed assets | 22/27 | €143,473 | €154,529 | +€11,056 | +7.7% |
| Land and buildings | 22 | €75,483 | €70,004 | -€5,480 | -7.3% |
| Plant, machinery and equipment | 23 | €67,990 | €62,225 | -€5,764 | -8.5% |
| Furniture and vehicles | 24 | - | €22,300 | +€22,300 | |
| Financial fixed assets | 28 | €394,929 | €172,617 | -€222,311 | -56.3% |
| Current assets | 29/58 | €114,479 | €299,220 | +€184,741 | +161.4% |
| Amounts receivable within one year | 40/41 | €106,330 | €74,003 | -€32,328 | -30.4% |
| Trade receivables | 40 | €69,098 | €67,548 | -€1,550 | -2.2% |
| Other amounts receivable | 41 | €37,232 | €6,455 | -€30,777 | -82.7% |
| Cash at bank and in hand | 54/58 | - | €2,751 | +€2,751 | |
| Deferred charges and accrued income | 490/1 | €8,148 | €222,466 | +€214,317 | +2630.2% |
| Total equity and liabilities | 10/49 | €652,880 | €626,366 | -€26,514 | -4.1% |
| Equity | 10/15 | €90,296 | €99,319 | +€9,023 | +10.0% |
| 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 | €46,660 | €55,660 | +€9,000 | +19.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,800 | €53,800 | +€9,000 | +20.1% |
| Profit (loss) carried forward | 14 | €25,036 | €25,059 | +€23 | +0.1% |
| Amounts payable | 17/49 | €562,584 | €527,047 | -€35,537 | -6.3% |
| Amounts payable after more than one year | 17 | €140,008 | €131,346 | -€8,662 | -6.2% |
| Financial debts | 170/4 | €140,008 | €131,346 | -€8,662 | -6.2% |
| Amounts payable within one year | 42/48 | €422,576 | €395,399 | -€27,177 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €8,495 | €8,662 | +€167 | +2.0% |
| Financial debts | 43 | €17,807 | €6,000 | -€11,807 | -66.3% |
| Credit institutions | 430/8 | €6,000 | €6,000 | = | 0.0% |
| Other loans | 439 | €11,807 | - | -€11,807 | |
| Trade debts | 44 | €23,451 | €8,711 | -€14,741 | -62.9% |
| Suppliers | 440/4 | €23,451 | €8,711 | -€14,741 | -62.9% |
| Taxes, remuneration and social security | 45 | €7,328 | €20,195 | +€12,867 | +175.6% |
| Taxes | 450/3 | €2,507 | €19,968 | +€17,462 | +696.6% |
| Remuneration and social security | 454/9 | €4,821 | €227 | -€4,594 | -95.3% |
| Other amounts payable | 47/48 | €365,495 | €351,832 | -€13,664 | -3.7% |
| Accrued charges and deferred income | 492/3 | - | €302 | +€302 | |
| Remuneration, social security and pensions | 62 | €26,613 | €26,352 | -€261 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,774 | €11,244 | -€530 | -4.5% |
| Other operating charges | 640/8 | €488 | - | -€488 | |
| Gross operating margin | 9900 | €41,454 | €68,423 | +€26,969 | +65.1% |
| Operating profit (loss) | 9901 | €2,579 | €30,827 | +€28,249 | +1095.4% |
| Financial income | 75/76B | €7,400 | €222,311 | +€214,911 | +2904.2% |
| Recurring financial income | 75 | €7,400 | €222,311 | +€214,911 | +2904.2% |
| Financial charges | 65/66B | €4,834 | €227,241 | +€222,408 | +4601.1% |
| Recurring financial charges | 65 | €4,834 | €227,241 | +€222,408 | +4601.1% |
| Profit (loss) for the period before taxes | 9903 | €5,145 | €25,897 | +€20,752 | +403.3% |
| Income taxes | 67/77 | €696 | €7,874 | +€7,178 | +1031.7% |
| Profit (loss) for the period | 9904 | €4,449 | €18,023 | +€13,574 | +305.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,449 | €18,023 | +€13,574 | +305.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.