BUREAU REZETTE: 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 REZETTE
Largest movements
- Tangible fixed assets +€126,174
up €126,174 (+47.1%), from €267,828 to €394,002
of which Land and buildings: +€118,574
- Cash +€10,099
up €10,099 (+2,285%), from €442 to €10,541
mainly Other debts (+€71,017) and Debts after one year (+€44,848)
- Other debts +€71,017
up €71,017 (+211%), from €33,693 to €104,709
- Debts after one year +€44,848
up €44,848 (+27.6%), from €162,408 to €207,256
- Tax, wage and social debts +€8,929
new in 2025: €8,929
- Current portion of long-term debt +€8,867
up €8,867 (+34.3%), from €25,837 to €34,704
- Trade debts -€7,844
no longer reported in 2025 (was €7,844)
- Gross operating margin +€21,497
up €21,497 (+76.5%), from €28,112 to €49,609
- Depreciation +€12,910
up €12,910 (+105%), from €12,254 to €25,165
- Taxes +€5,725
up €5,725, from -€433 to €5,292
- Financial income -€1,205
no longer reported in 2025 (was €1,205)
of which Financial income: -€1,205
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 | €273,844 | €406,540 | +€132,696 | +48.5% |
| Fixed assets | 21/28 | €267,828 | €394,002 | +€126,174 | +47.1% |
| Tangible fixed assets | 22/27 | €267,828 | €394,002 | +€126,174 | +47.1% |
| Land and buildings | 22 | €267,828 | €386,402 | +€118,574 | +44.3% |
| Furniture and vehicles | 24 | - | €7,600 | +€7,600 | |
| Current assets | 29/58 | €6,016 | €12,538 | +€6,522 | +108% |
| Amounts receivable within one year | 40/41 | €5,574 | €1,997 | -€3,577 | -64.2% |
| Trade receivables | 40 | €4,907 | €1,997 | -€2,910 | -59.3% |
| Other amounts receivable | 41 | €667 | - | -€667 | |
| Cash at bank and in hand | 54/58 | €442 | €10,541 | +€10,099 | +2,285% |
| Total equity and liabilities | 10/49 | €273,844 | €406,540 | +€132,696 | +48.5% |
| Equity | 10/15 | €44,062 | €50,941 | +€6,880 | +15.6% |
| Contributions | 10/11 | €18,597 | €18,597 | = | 0.0% |
| Capital | 10 | €18,597 | €18,597 | = | 0.0% |
| Issued capital | 100 | €18,597 | €18,597 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,605 | €30,485 | +€6,880 | +29.1% |
| Amounts payable | 17/49 | €229,782 | €355,598 | +€125,816 | +54.8% |
| Amounts payable after more than one year | 17 | €162,408 | €207,256 | +€44,848 | +27.6% |
| Financial debts | 170/4 | €162,408 | €207,256 | +€44,848 | +27.6% |
| Amounts payable within one year | 42/48 | €67,374 | €148,342 | +€80,968 | +120% |
| Current portion of amounts payable after more than one year | 42 | €25,837 | €34,704 | +€8,867 | +34.3% |
| Trade debts | 44 | €7,844 | - | -€7,844 | |
| Suppliers | 440/4 | €7,844 | - | -€7,844 | |
| Taxes, remuneration and social security | 45 | - | €8,929 | +€8,929 | |
| Taxes | 450/3 | - | €8,929 | +€8,929 | |
| Other amounts payable | 47/48 | €33,693 | €104,709 | +€71,017 | +211% |
| Remuneration, social security and pensions | 62 | €4,519 | €4,765 | +€246 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,254 | €25,165 | +€12,910 | +105% |
| Other operating charges | 640/8 | €1,710 | €1,889 | +€180 | +10.5% |
| Non-recurring operating charges | 66A | €21,600 | - | -€21,600 | |
| Gross operating margin | 9900 | €28,112 | €49,609 | +€21,497 | +76.5% |
| Operating profit (loss) | 9901 | -€11,970 | €17,791 | +€29,761 | |
| Financial income | 75/76B | €1,205 | - | -€1,205 | |
| Recurring financial income | 75 | €1,205 | - | -€1,205 | |
| Non-recurring financial income | 76B | €1,205 | - | -€1,205 | |
| Financial charges | 65/66B | €5,554 | €5,619 | +€64 | +1.2% |
| Recurring financial charges | 65 | €5,554 | €5,619 | +€64 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,319 | €12,172 | +€28,491 | |
| Income taxes | 67/77 | -€433 | €5,292 | +€5,725 | |
| Profit (loss) for the period | 9904 | -€15,886 | €6,880 | +€22,766 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,886 | €6,880 | +€22,766 |
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 15 October 2026 via checked.be.