BURECON: 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.
BURECON
Largest movements
- Cash +€27,926
up €27,926 (+22.0%), from €126,748 to €154,674
mainly Other debts (+€142,973) and Net result for the year (+€33,459)
- Receivables within one year -€26,637
down €26,637 (-48.4%), from €55,054 to €28,417
of which Trade receivables: -€21,979
- Tangible fixed assets -€3,466
down €3,466 (-19.5%), from €17,772 to €14,306
of which Land and buildings: -€1,750
- Other debts +€142,973
up €142,973 (+538.3%), from €26,561 to €169,534
- Reserves -€128,822
down €128,822 (-100.0%), from €128,822 to €0
of which Distributable reserves: -€128,822
- Trade debts -€16,512
down €16,512 (-78.6%), from €21,017 to €4,505
- Gross operating margin -€12,751
down €12,751 (-20.5%), from €62,155 to €49,404
- Taxes -€2,862
down €2,862 (-20.8%), from €13,760 to €10,898
- Depreciation +€1,137
up €1,137 (+48.8%), from €2,329 to €3,466
- Financial income -€793
down €793 (-99.6%), from €796 to €3
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.
Cash bridge derived
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 | €201,636 | €199,179 | -€2,457 | -1.2% |
| Fixed assets | 21/28 | €17,772 | €14,306 | -€3,466 | -19.5% |
| Tangible fixed assets | 22/27 | €17,772 | €14,306 | -€3,466 | -19.5% |
| Land and buildings | 22 | €12,983 | €11,233 | -€1,750 | -13.5% |
| Plant, machinery and equipment | 23 | €3,859 | €2,383 | -€1,476 | -38.3% |
| Furniture and vehicles | 24 | €930 | €690 | -€240 | -25.8% |
| Current assets | 29/58 | €183,864 | €184,873 | +€1,009 | +0.5% |
| Amounts receivable within one year | 40/41 | €55,054 | €28,417 | -€26,637 | -48.4% |
| Trade receivables | 40 | €44,055 | €22,075 | -€21,979 | -49.9% |
| Other amounts receivable | 41 | €10,999 | €6,342 | -€4,657 | -42.3% |
| Cash at bank and in hand | 54/58 | €126,748 | €154,674 | +€27,926 | +22.0% |
| Deferred charges and accrued income | 490/1 | €2,062 | €1,782 | -€280 | -13.6% |
| Total equity and liabilities | 10/49 | €201,636 | €199,179 | -€2,457 | -1.2% |
| Equity | 10/15 | €147,422 | €18,600 | -€128,822 | -87.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,822 | €0 | -€128,822 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €128,822 | €0 | -€128,822 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,213 | €180,579 | +€126,366 | +233.1% |
| Amounts payable within one year | 42/48 | €53,881 | €179,846 | +€125,965 | +233.8% |
| Trade debts | 44 | €21,017 | €4,505 | -€16,512 | -78.6% |
| Suppliers | 440/4 | €21,017 | €4,505 | -€16,512 | -78.6% |
| Taxes, remuneration and social security | 45 | €6,302 | €5,807 | -€495 | -7.9% |
| Taxes | 450/3 | €6,302 | €5,807 | -€495 | -7.9% |
| Other amounts payable | 47/48 | €26,561 | €169,534 | +€142,973 | +538.3% |
| Accrued charges and deferred income | 492/3 | €332 | €733 | +€400 | +120.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,329 | €3,466 | +€1,137 | +48.8% |
| Other operating charges | 640/8 | €1,079 | €1,111 | +€32 | +3.0% |
| Gross operating margin | 9900 | €62,155 | €49,404 | -€12,751 | -20.5% |
| Operating profit (loss) | 9901 | €58,747 | €44,827 | -€13,920 | -23.7% |
| Financial income | 75/76B | €796 | €3 | -€793 | -99.6% |
| Recurring financial income | 75 | €796 | €3 | -€793 | -99.6% |
| Financial charges | 65/66B | €394 | €472 | +€78 | +19.9% |
| Recurring financial charges | 65 | €394 | €472 | +€78 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €59,149 | €44,358 | -€14,791 | -25.0% |
| Income taxes | 67/77 | €13,760 | €10,898 | -€2,862 | -20.8% |
| Profit (loss) for the period | 9904 | €45,389 | €33,459 | -€11,930 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,389 | €33,459 | -€11,930 | -26.3% |
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 11 October 2026 via checked.be.