BUREAU DEWAELE: 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 DEWAELE
Largest movements
- Cash +€142,711
up €142,711 (+60.1%), from €237,623 to €380,334
mainly Other debts (+€101,838) and Deferred charges and accrued income (+€61,245)
- Deferred charges and accrued income -€61,245
down €61,245 (-99.0%), from €61,887 to €642
- Receivables within one year -€19,973
down €19,973 (-57.2%), from €34,903 to €14,930
of which Trade receivables: -€25,304
- Tangible fixed assets -€4,361
down €4,361 (-32.5%), from €13,401 to €9,040
of which Furniture and vehicles: -€3,666
- Other debts +€101,838
up €101,838 (+125%), from €81,662 to €183,500
- Trade debts -€33,473
down €33,473 (-71.7%), from €46,698 to €13,226
- Accrued charges and deferred income -€28,600
down €28,600 (-99.6%), from €28,723 to €123
- Profit (loss) carried forward +€19,353
up €19,353 (+38.3%), from €50,516 to €69,870
- Staff costs -€42,796
down €42,796 (-39.2%), from €109,093 to €66,296
- Gross operating margin -€28,682
down €28,682 (-22.4%), from €127,829 to €99,147
- Taxes +€4,577
up €4,577 (+1,600%), from €286 to €4,863
- Other operating charges -€1,630
down €1,630 (-39.3%), from €4,145 to €2,515
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 | €350,666 | €407,797 | +€57,131 | +16.3% |
| Fixed assets | 21/28 | €16,251 | €11,890 | -€4,361 | -26.8% |
| Tangible fixed assets | 22/27 | €13,401 | €9,040 | -€4,361 | -32.5% |
| Furniture and vehicles | 24 | €10,219 | €6,554 | -€3,666 | -35.9% |
| Other tangible fixed assets | 26 | €3,182 | €2,487 | -€695 | -21.9% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €334,414 | €395,907 | +€61,492 | +18.4% |
| Amounts receivable within one year | 40/41 | €34,903 | €14,930 | -€19,973 | -57.2% |
| Trade receivables | 40 | €34,903 | €9,599 | -€25,304 | -72.5% |
| Other amounts receivable | 41 | - | €5,331 | +€5,331 | |
| Cash at bank and in hand | 54/58 | €237,623 | €380,334 | +€142,711 | +60.1% |
| Deferred charges and accrued income | 490/1 | €61,887 | €642 | -€61,245 | -99.0% |
| Total equity and liabilities | 10/49 | €350,666 | €407,797 | +€57,131 | +16.3% |
| Equity | 10/15 | €177,101 | €196,455 | +€19,353 | +10.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €64,585 | €64,585 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €58,385 | €58,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,516 | €69,870 | +€19,353 | +38.3% |
| Amounts payable | 17/49 | €173,565 | €211,343 | +€37,778 | +21.8% |
| Amounts payable within one year | 42/48 | €144,841 | €211,219 | +€66,378 | +45.8% |
| Trade debts | 44 | €46,698 | €13,226 | -€33,473 | -71.7% |
| Suppliers | 440/4 | €46,698 | €13,226 | -€33,473 | -71.7% |
| Taxes, remuneration and social security | 45 | €16,481 | €14,493 | -€1,988 | -12.1% |
| Taxes | 450/3 | €8,878 | €4,863 | -€4,015 | -45.2% |
| Remuneration and social security | 454/9 | €7,603 | €9,630 | +€2,028 | +26.7% |
| Other amounts payable | 47/48 | €81,662 | €183,500 | +€101,838 | +125% |
| Accrued charges and deferred income | 492/3 | €28,723 | €123 | -€28,600 | -99.6% |
| Remuneration, social security and pensions | 62 | €109,093 | €66,296 | -€42,796 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,155 | €5,606 | +€452 | +8.8% |
| Other operating charges | 640/8 | €4,145 | €2,515 | -€1,630 | -39.3% |
| Non-recurring operating charges | 66A | €2,536 | - | -€2,536 | |
| Gross operating margin | 9900 | €127,829 | €99,147 | -€28,682 | -22.4% |
| Operating profit (loss) | 9901 | €6,902 | €24,730 | +€17,828 | +258% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,352 | €513 | -€839 | -62.0% |
| Recurring financial charges | 65 | €1,352 | €513 | -€839 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €5,550 | €24,216 | +€18,667 | +336% |
| Income taxes | 67/77 | €286 | €4,863 | +€4,577 | +1,600% |
| Profit (loss) for the period | 9904 | €5,264 | €19,353 | +€14,090 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €5,264 | €19,353 | +€14,090 | +268% |
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 26 October 2026 via checked.be.