BUREAU PHILIPPE: 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 PHILIPPE
Largest movements
- Receivables within one year +€13,629
up €13,629 (+252%), from €5,408 to €19,037
- Receivables after one year -€7,000
down €7,000 (-13.7%), from €51,000 to €44,000
- Deferred charges and accrued income -€5,089
down €5,089 (-75.9%), from €6,705 to €1,616
- Tangible fixed assets -€4,982
down €4,982 (-14.9%), from €33,457 to €28,475
of which Furniture and vehicles: -€33,457
- Reserves +€9,700
up €9,700 (+25.5%), from €37,980 to €47,680
- Debts after one year -€7,707
down €7,707 (-29.4%), from €26,249 to €18,542
- Current portion of long-term debt -€4,477
down €4,477 (-36.7%), from €12,185 to €7,708
- Financial income -€4,395
down €4,395 (-55.8%), from €7,873 to €3,479
of which Non-recurring financial income: -€3,933
- Depreciation -€2,380
down €2,380 (-17.1%), from €13,882 to €11,502
- Gross operating margin +€2,237
up €2,237 (+9.0%), from €24,925 to €27,162
- Staff costs +€2,106
new in 2025: €2,106
- Taxes -€1,371
down €1,371 (-22.8%), from €6,024 to €4,653
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 | €114,822 | €111,970 | -€2,852 | -2.5% |
| Fixed assets | 21/28 | €38,457 | €33,475 | -€4,982 | -13.0% |
| Tangible fixed assets | 22/27 | €33,457 | €28,475 | -€4,982 | -14.9% |
| Plant, machinery and equipment | 23 | - | €28,475 | +€28,475 | |
| Furniture and vehicles | 24 | €33,457 | €0 | -€33,457 | -100% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €76,365 | €78,496 | +€2,131 | +2.8% |
| Amounts receivable after more than one year | 29 | €51,000 | €44,000 | -€7,000 | -13.7% |
| Other amounts receivable | 291 | €51,000 | €44,000 | -€7,000 | -13.7% |
| Amounts receivable within one year | 40/41 | €5,408 | €19,037 | +€13,629 | +252% |
| Other amounts receivable | 41 | €5,408 | €19,037 | +€13,629 | +252% |
| Cash at bank and in hand | 54/58 | €13,252 | €13,842 | +€590 | +4.5% |
| Deferred charges and accrued income | 490/1 | €6,705 | €1,616 | -€5,089 | -75.9% |
| Total equity and liabilities | 10/49 | €114,822 | €111,970 | -€2,852 | -2.5% |
| Equity | 10/15 | €69,862 | €79,574 | +€9,712 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,980 | €47,680 | +€9,700 | +25.5% |
| Distributable reserves | 133 | €37,980 | €47,680 | +€9,700 | +25.5% |
| Profit (loss) carried forward | 14 | €13,282 | €13,294 | +€12 | +0.1% |
| Amounts payable | 17/49 | €44,960 | €32,397 | -€12,564 | -27.9% |
| Amounts payable after more than one year | 17 | €26,249 | €18,542 | -€7,707 | -29.4% |
| Financial debts | 170/4 | €26,249 | €18,542 | -€7,707 | -29.4% |
| Amounts payable within one year | 42/48 | €18,711 | €13,855 | -€4,856 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €12,185 | €7,708 | -€4,477 | -36.7% |
| Financial debts | 43 | €1,000 | €1,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000 | €1,000 | = | 0.0% |
| Trade debts | 44 | €1,407 | €578 | -€829 | -58.9% |
| Suppliers | 440/4 | €1,407 | €578 | -€829 | -58.9% |
| Taxes, remuneration and social security | 45 | €4,119 | €4,569 | +€450 | +10.9% |
| Taxes | 450/3 | €4,119 | €4,569 | +€450 | +10.9% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | - | €2,106 | +€2,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,882 | €11,502 | -€2,380 | -17.1% |
| Other operating charges | 640/8 | €780 | €599 | -€181 | -23.2% |
| Gross operating margin | 9900 | €24,925 | €27,162 | +€2,237 | +9.0% |
| Operating profit (loss) | 9901 | €10,263 | €12,954 | +€2,691 | +26.2% |
| Financial income | 75/76B | €7,873 | €3,479 | -€4,395 | -55.8% |
| Recurring financial income | 75 | €3,940 | €3,479 | -€462 | -11.7% |
| Non-recurring financial income | 76B | €3,933 | - | -€3,933 | |
| Financial charges | 65/66B | €1,934 | €2,068 | +€134 | +6.9% |
| Recurring financial charges | 65 | €1,934 | €2,068 | +€134 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €16,202 | €14,365 | -€1,837 | -11.3% |
| Income taxes | 67/77 | €6,024 | €4,653 | -€1,371 | -22.8% |
| Profit (loss) for the period | 9904 | €10,178 | €9,712 | -€466 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,178 | €9,712 | -€466 | -4.6% |
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 13 October 2026 via checked.be.