Bureau DW: 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 DW
Largest movements
- Cash -€251,573
down €251,573 (-71.1%), from €353,664 to €102,091
mainly Other debts (-€103,000) and Receivables within one year (-€97,411)
- Receivables within one year +€97,411
up €97,411 (+35.4%), from €275,269 to €372,680
of which Trade receivables: +€118,578
- Tangible fixed assets +€10,684
new in 2025: €10,684
- Other debts -€103,000
down €103,000 (-64.4%), from €160,000 to €57,000
- Trade debts -€68,597
down €68,597 (-15.8%), from €434,648 to €366,050
- Tax, wage and social debts +€16,842
up €16,842 (+65.3%), from €25,786 to €42,628
of which Taxes: +€16,362
- Accrued charges and deferred income +€10,747
new in 2025: €10,747
- Staff costs +€73,036
up €73,036 (+57.5%), from €127,042 to €200,079
- Gross operating margin -€27,111
down €27,111 (-9.3%), from €290,625 to €263,514
- Depreciation +€2,952
up €2,952 (+768%), from €384 to €3,336
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 | €630,281 | €486,686 | -€143,595 | -22.8% |
| Fixed assets | 21/28 | - | €10,684 | +€10,684 | |
| Tangible fixed assets | 22/27 | - | €10,684 | +€10,684 | |
| Furniture and vehicles | 24 | - | €10,684 | +€10,684 | |
| Current assets | 29/58 | €630,281 | €476,002 | -€154,280 | -24.5% |
| Amounts receivable within one year | 40/41 | €275,269 | €372,680 | +€97,411 | +35.4% |
| Trade receivables | 40 | €245,547 | €364,125 | +€118,578 | +48.3% |
| Other amounts receivable | 41 | €29,722 | €8,555 | -€21,168 | -71.2% |
| Cash at bank and in hand | 54/58 | €353,664 | €102,091 | -€251,573 | -71.1% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,230 | -€117 | -8.7% |
| Total equity and liabilities | 10/49 | €630,281 | €486,686 | -€143,595 | -22.8% |
| Equity | 10/15 | €9,848 | €10,260 | +€413 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,648 | €4,060 | +€413 | +11.3% |
| Distributable reserves | 133 | €3,648 | €4,060 | +€413 | +11.3% |
| Amounts payable | 17/49 | €620,434 | €476,426 | -€144,008 | -23.2% |
| Amounts payable within one year | 42/48 | €620,434 | €465,679 | -€154,755 | -24.9% |
| Trade debts | 44 | €434,648 | €366,050 | -€68,597 | -15.8% |
| Suppliers | 440/4 | €434,648 | €366,050 | -€68,597 | -15.8% |
| Taxes, remuneration and social security | 45 | €25,786 | €42,628 | +€16,842 | +65.3% |
| Taxes | 450/3 | €626 | €16,988 | +€16,362 | +2,615% |
| Remuneration and social security | 454/9 | €25,161 | €25,641 | +€480 | +1.9% |
| Other amounts payable | 47/48 | €160,000 | €57,000 | -€103,000 | -64.4% |
| Accrued charges and deferred income | 492/3 | - | €10,747 | +€10,747 | |
| Remuneration, social security and pensions | 62 | €127,042 | €200,079 | +€73,036 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €3,336 | +€2,952 | +768% |
| Other operating charges | 640/8 | €1,152 | €1,352 | +€200 | +17.3% |
| Gross operating margin | 9900 | €290,625 | €263,514 | -€27,111 | -9.3% |
| Operating profit (loss) | 9901 | €162,046 | €58,748 | -€103,298 | -63.7% |
| Financial income | 75/76B | €23 | €14 | -€9 | -38.9% |
| Recurring financial income | 75 | €23 | €14 | -€9 | -38.9% |
| Financial charges | 65/66B | €98 | €66 | -€33 | -33.2% |
| Recurring financial charges | 65 | €98 | €66 | -€33 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €161,971 | €58,696 | -€103,274 | -63.8% |
| Income taxes | 67/77 | €1,604 | €1,283 | -€321 | -20.0% |
| Profit (loss) for the period | 9904 | €160,367 | €57,413 | -€102,954 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €160,367 | €57,413 | -€102,954 | -64.2% |
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 17 October 2026 via checked.be.