BUREAU M.T.: 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 M.T.
Largest movements
- Receivables within one year +€443,285
up €443,285 (+167%), from €265,286 to €708,571
of which Trade receivables: +€410,532
- Cash -€94,808
down €94,808 (-60.5%), from €156,800 to €61,992
mainly Receivables within one year (-€443,285) and Contributions, distributions and other (-€70,000)
- Stocks and contracts +€13,205
up €13,205 (+106%), from €12,502 to €25,707
- Trade debts +€276,714
up €276,714 (+238%), from €116,035 to €392,749
- Other debts +€48,571
up €48,571 (+227%), from €21,429 to €70,000
- Profit (loss) carried forward +€36,397
up €36,397 (+14.0%), from €259,469 to €295,866
- Gross operating margin +€76,234
up €76,234 (+186%), from €40,910 to €117,144
- Taxes +€18,333
up €18,333 (+7,944%), from €231 to €18,564
- Financial income +€10,558
up €10,558 (+129%), from €8,186 to €18,744
- Financial charges +€5,600
up €5,600 (+197%), from €2,836 to €8,436
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 | €434,588 | €796,270 | +€361,682 | +83.2% |
| Current assets | 29/58 | €434,588 | €796,270 | +€361,682 | +83.2% |
| Stocks and contracts in progress | 3 | €12,502 | €25,707 | +€13,205 | +106% |
| Stocks | 30/36 | €12,502 | €25,707 | +€13,205 | +106% |
| Amounts receivable within one year | 40/41 | €265,286 | €708,571 | +€443,285 | +167% |
| Trade receivables | 40 | €233,993 | €644,526 | +€410,532 | +175% |
| Other amounts receivable | 41 | €31,293 | €64,046 | +€32,753 | +105% |
| Cash at bank and in hand | 54/58 | €156,800 | €61,992 | -€94,808 | -60.5% |
| Total equity and liabilities | 10/49 | €434,588 | €796,270 | +€361,682 | +83.2% |
| Equity | 10/15 | €295,120 | €331,518 | +€36,397 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,052 | €17,052 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,192 | €15,192 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259,469 | €295,866 | +€36,397 | +14.0% |
| Amounts payable | 17/49 | €139,467 | €464,752 | +€325,285 | +233% |
| Amounts payable within one year | 42/48 | €139,467 | €464,752 | +€325,285 | +233% |
| Trade debts | 44 | €116,035 | €392,749 | +€276,714 | +238% |
| Suppliers | 440/4 | €116,035 | €392,749 | +€276,714 | +238% |
| Taxes, remuneration and social security | 45 | €2,003 | €2,003 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,003 | €2,003 | = | 0.0% |
| Other amounts payable | 47/48 | €21,429 | €70,000 | +€48,571 | +227% |
| Other operating charges | 640/8 | €1,764 | €2,490 | +€726 | +41.1% |
| Gross operating margin | 9900 | €40,910 | €117,144 | +€76,234 | +186% |
| Operating profit (loss) | 9901 | €39,146 | €114,654 | +€75,508 | +193% |
| Financial income | 75/76B | €8,186 | €18,744 | +€10,558 | +129% |
| Recurring financial income | 75 | €8,186 | €18,744 | +€10,558 | +129% |
| Financial charges | 65/66B | €2,836 | €8,436 | +€5,600 | +197% |
| Recurring financial charges | 65 | €2,836 | €8,436 | +€5,600 | +197% |
| Profit (loss) for the period before taxes | 9903 | €44,495 | €124,961 | +€80,466 | +181% |
| Income taxes | 67/77 | €231 | €18,564 | +€18,333 | +7,944% |
| Profit (loss) for the period | 9904 | €44,265 | €106,397 | +€62,132 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €44,265 | €106,397 | +€62,132 | +140% |
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 29 October 2026 via checked.be.