BUREAU V ET P: 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 V ET P
Largest movements
- Current investments -€66,384
down €66,384 (-22.8%), from €291,384 to €225,000
- Cash -€52,839
down €52,839 (-89.1%), from €59,320 to €6,481
mainly Other debts (-€130,130) and Investment in fixed assets (net) (-€71,312)
- Tangible fixed assets +€46,363
up €46,363 (+18.5%), from €250,636 to €297,000
of which Land and buildings: +€41,882
- Receivables within one year -€22,278
down €22,278 (-94.7%), from €23,522 to €1,244
of which Trade receivables: -€23,522
- Other debts -€130,130
down €130,130 (-99.6%), from €130,625 to €495
- Reserves +€27,621
up €27,621 (+30.9%), from €89,500 to €117,121
- Trade debts +€8,814
up €8,814 (+3,466%), from €254 to €9,068
- Gross operating margin +€23,973
up €23,973 (+49.3%), from €48,620 to €72,593
- Staff costs +€14,815
new in 2025: €14,815
- Taxes +€4,837
up €4,837 (+217%), from €2,227 to €7,065
- Depreciation +€1,887
up €1,887 (+8.4%), from €22,562 to €24,449
- Other operating charges +€1,484
up €1,484 (+28.1%), from €5,286 to €6,770
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 | €624,863 | €531,605 | -€93,258 | -14.9% |
| Fixed assets | 21/28 | €250,636 | €297,500 | +€46,863 | +18.7% |
| Tangible fixed assets | 22/27 | €250,636 | €297,000 | +€46,363 | +18.5% |
| Land and buildings | 22 | €250,636 | €292,518 | +€41,882 | +16.7% |
| Plant, machinery and equipment | 23 | €0 | €870 | +€870 | +8,702,500% |
| Furniture and vehicles | 24 | - | €3,611 | +€3,611 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €374,226 | €234,106 | -€140,121 | -37.4% |
| Amounts receivable within one year | 40/41 | €23,522 | €1,244 | -€22,278 | -94.7% |
| Trade receivables | 40 | €23,522 | - | -€23,522 | |
| Other amounts receivable | 41 | - | €1,244 | +€1,244 | |
| Current investments | 50/53 | €291,384 | €225,000 | -€66,384 | -22.8% |
| Cash at bank and in hand | 54/58 | €59,320 | €6,481 | -€52,839 | -89.1% |
| Deferred charges and accrued income | 490/1 | - | €1,380 | +€1,380 | |
| Total equity and liabilities | 10/49 | €624,863 | €531,605 | -€93,258 | -14.9% |
| Equity | 10/15 | €481,488 | €509,109 | +€27,621 | +5.7% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €89,500 | €117,121 | +€27,621 | +30.9% |
| Distributable reserves | 133 | €89,500 | €117,121 | +€27,621 | +30.9% |
| Profit (loss) carried forward | 14 | €369,988 | €369,988 | -€0 | 0.0% |
| Amounts payable | 17/49 | €143,375 | €22,496 | -€120,878 | -84.3% |
| Amounts payable within one year | 42/48 | €143,248 | €18,748 | -€124,500 | -86.9% |
| Trade debts | 44 | €254 | €9,068 | +€8,814 | +3,466% |
| Suppliers | 440/4 | €254 | €9,068 | +€8,814 | +3,466% |
| Taxes, remuneration and social security | 45 | €12,369 | €9,185 | -€3,183 | -25.7% |
| Taxes | 450/3 | €12,369 | €9,185 | -€3,183 | -25.7% |
| Other amounts payable | 47/48 | €130,625 | €495 | -€130,130 | -99.6% |
| Accrued charges and deferred income | 492/3 | €127 | €3,748 | +€3,621 | +2,851% |
| Remuneration, social security and pensions | 62 | - | €14,815 | +€14,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,562 | €24,449 | +€1,887 | +8.4% |
| Other operating charges | 640/8 | €5,286 | €6,770 | +€1,484 | +28.1% |
| Gross operating margin | 9900 | €48,620 | €72,593 | +€23,973 | +49.3% |
| Operating profit (loss) | 9901 | €20,772 | €26,559 | +€5,787 | +27.9% |
| Financial income | 75/76B | €10,548 | €9,444 | -€1,104 | -10.5% |
| Recurring financial income | 75 | €10,548 | €9,444 | -€1,104 | -10.5% |
| Financial charges | 65/66B | €395 | €485 | +€90 | +22.8% |
| Recurring financial charges | 65 | €395 | €485 | +€90 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €30,926 | €35,518 | +€4,593 | +14.9% |
| Income taxes | 67/77 | €2,227 | €7,065 | +€4,837 | +217% |
| Profit (loss) for the period | 9904 | €28,699 | €28,454 | -€245 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,699 | €28,454 | -€245 | -0.9% |
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 24 October 2026 via checked.be.