BUREAU D: 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.
BUREAU D
Largest movements
- Cash -€21,987
down €21,987 (-51.1%), from €43,050 to €21,063
mainly Contributions, distributions and other (-€21,990) and Receivables within one year (-€8,717)
- Tangible fixed assets -€13,246
down €13,246 (-41.5%), from €31,911 to €18,665
of which Furniture and vehicles: -€12,624
- Receivables within one year +€8,717
up €8,717 (+25.7%), from €33,897 to €42,614
of which Trade receivables: +€5,940
- Reserves -€17,103
down €17,103 (-20.8%), from €82,303 to €65,200
- Current portion of long-term debt -€5,966
down €5,966 (-94.5%), from €6,311 to €345
- Trade debts -€3,340
down €3,340 (-29.0%), from €11,517 to €8,177
- Gross operating margin -€17,655
down €17,655 (-41.9%), from €42,095 to €24,440
- Taxes -€4,980
down €4,980 (-53.2%), from €9,366 to €4,386
- Other operating charges +€835
up €835 (+120.8%), from €691 to €1,526
- Depreciation -€810
down €810 (-5.8%), from €14,056 to €13,246
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 | €113,022 | €85,667 | -€27,356 | -24.2% |
| Fixed assets | 21/28 | €32,811 | €19,565 | -€13,246 | -40.4% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -31.3% |
| Tangible fixed assets | 22/27 | €31,911 | €18,665 | -€13,246 | -41.5% |
| Plant, machinery and equipment | 23 | €5,112 | €4,491 | -€621 | -12.2% |
| Furniture and vehicles | 24 | €26,798 | €14,174 | -€12,624 | -47.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €80,211 | €66,102 | -€14,110 | -17.6% |
| Amounts receivable within one year | 40/41 | €33,897 | €42,614 | +€8,717 | +25.7% |
| Trade receivables | 40 | €23,369 | €29,309 | +€5,940 | +25.4% |
| Other amounts receivable | 41 | €10,528 | €13,306 | +€2,777 | +26.4% |
| Cash at bank and in hand | 54/58 | €43,050 | €21,063 | -€21,987 | -51.1% |
| Deferred charges and accrued income | 490/1 | €3,265 | €2,424 | -€841 | -25.7% |
| Total equity and liabilities | 10/49 | €113,022 | €85,667 | -€27,356 | -24.2% |
| Equity | 10/15 | €88,503 | €71,400 | -€17,103 | -19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,303 | €65,200 | -€17,103 | -20.8% |
| Distributable reserves | 133 | €82,303 | €65,200 | -€17,103 | -20.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,519 | €14,266 | -€10,253 | -41.8% |
| Amounts payable after more than one year | 17 | €345 | €0 | -€345 | -100.0% |
| Financial debts | 170/4 | €345 | €0 | -€345 | -100.0% |
| Amounts payable within one year | 42/48 | €24,174 | €14,266 | -€9,908 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €6,311 | €345 | -€5,966 | -94.5% |
| Trade debts | 44 | €11,517 | €8,177 | -€3,340 | -29.0% |
| Suppliers | 440/4 | €11,517 | €8,177 | -€3,340 | -29.0% |
| Taxes, remuneration and social security | 45 | €6,346 | €5,744 | -€602 | -9.5% |
| Taxes | 450/3 | €6,346 | €5,744 | -€602 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,056 | €13,246 | -€810 | -5.8% |
| Other operating charges | 640/8 | €691 | €1,526 | +€835 | +120.8% |
| Gross operating margin | 9900 | €42,095 | €24,440 | -€17,655 | -41.9% |
| Operating profit (loss) | 9901 | €27,348 | €9,668 | -€17,680 | -64.6% |
| Financial income | 75/76B | €336 | €150 | -€186 | -55.4% |
| Recurring financial income | 75 | €336 | €150 | -€186 | -55.4% |
| Financial charges | 65/66B | €530 | €544 | +€15 | +2.7% |
| Recurring financial charges | 65 | €530 | €544 | +€15 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €27,154 | €9,273 | -€17,880 | -65.8% |
| Income taxes | 67/77 | €9,366 | €4,386 | -€4,980 | -53.2% |
| Profit (loss) for the period | 9904 | €17,787 | €4,887 | -€12,900 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,787 | €4,887 | -€12,900 | -72.5% |
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 12 October 2026 via checked.be.