BUREAU FW: what changed
BUREAU FW
Largest movements
- Receivables within one year +€40,173
up €40,173 (+9.6%), from €420,098 to €460,271
of which Other amounts receivable: +€41,599
- Tangible fixed assets -€35,721
down €35,721 (-8.0%), from €447,606 to €411,885
of which Land and buildings: -€30,696
- Profit (loss) carried forward -€102,658
down €102,658 (-112%), from -€91,761 to -€194,418
- Provisions +€89,400
new in 2025: €89,400
- Other debts +€33,425
up €33,425 (+3.6%), from €925,645 to €959,070
- Trade debts -€16,623
down €16,623 (-97.4%), from €17,074 to €451
- Provisions +€89,400
new in 2025: €89,400
- Gross operating margin +€38,474
up €38,474 (+208%), from €18,513 to €56,987
- Other operating charges +€32,276
up €32,276 (+1,539%), from €2,097 to €34,374
- Financial charges -€22,209
down €22,209 (-99.3%), from €22,359 to €150
- Financial income -€11,765
down €11,765 (-100.0%), from €11,765 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €870,047 | €873,592 | +€3,545 | +0.4% |
| Fixed assets | 21/28 | €447,606 | €411,885 | -€35,721 | -8.0% |
| Tangible fixed assets | 22/27 | €447,606 | €411,885 | -€35,721 | -8.0% |
| Land and buildings | 22 | €426,821 | €396,125 | -€30,696 | -7.2% |
| Plant, machinery and equipment | 23 | €7,141 | €5,045 | -€2,096 | -29.4% |
| Furniture and vehicles | 24 | €13,114 | €10,716 | -€2,398 | -18.3% |
| Other tangible fixed assets | 26 | €530 | - | -€530 | |
| Current assets | 29/58 | €422,441 | €461,707 | +€39,266 | +9.3% |
| Amounts receivable within one year | 40/41 | €420,098 | €460,271 | +€40,173 | +9.6% |
| Trade receivables | 40 | €1,426 | - | -€1,426 | |
| Other amounts receivable | 41 | €418,672 | €460,271 | +€41,599 | +9.9% |
| Cash at bank and in hand | 54/58 | €1,193 | €231 | -€962 | -80.7% |
| Deferred charges and accrued income | 490/1 | €1,149 | €1,204 | +€55 | +4.8% |
| Total equity and liabilities | 10/49 | €870,047 | €873,592 | +€3,545 | +0.4% |
| Equity | 10/15 | -€72,672 | -€175,329 | -€102,658 | -141% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €539 | €539 | = | 0.0% |
| Non-distributable reserves | 130/1 | €539 | €539 | = | 0.0% |
| Reserves not available under the articles | 1311 | €539 | €539 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,761 | -€194,418 | -€102,658 | -112% |
| Provisions and deferred taxes | 16 | - | €89,400 | +€89,400 | |
| Provisions for liabilities and charges | 160/5 | - | €89,400 | +€89,400 | |
| Other liabilities and charges | 164/5 | - | €89,400 | +€89,400 | |
| Amounts payable | 17/49 | €942,719 | €959,521 | +€16,803 | +1.8% |
| Amounts payable within one year | 42/48 | €942,719 | €959,521 | +€16,803 | +1.8% |
| Trade debts | 44 | €17,074 | €451 | -€16,623 | -97.4% |
| Suppliers | 440/4 | €17,074 | €451 | -€16,623 | -97.4% |
| Other amounts payable | 47/48 | €925,645 | €959,070 | +€33,425 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,897 | €35,721 | +€824 | +2.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €89,400 | +€89,400 | |
| Other operating charges | 640/8 | €2,097 | €34,374 | +€32,276 | +1,539% |
| Gross operating margin | 9900 | €18,513 | €56,987 | +€38,474 | +208% |
| Operating profit (loss) | 9901 | -€18,481 | -€102,508 | -€84,027 | -455% |
| Financial income | 75/76B | €11,765 | €0 | -€11,765 | -100.0% |
| Recurring financial income | 75 | €11,765 | €0 | -€11,765 | -100.0% |
| Financial charges | 65/66B | €22,359 | €150 | -€22,209 | -99.3% |
| Recurring financial charges | 65 | €22,359 | €150 | -€22,209 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,075 | -€102,658 | -€73,582 | -253% |
| Profit (loss) for the period | 9904 | -€29,075 | -€102,658 | -€73,582 | -253% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,075 | -€102,658 | -€73,582 | -253% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.