BURENTRAD: what changed
Two fiscal 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.
BURENTRAD
Largest movements
- Cash -€240,646
down €240,646 (-35.8%), from €672,351 to €431,705
mainly Net result for the year (-€697,036) and Debts after one year (-€189,690)
- Tangible fixed assets -€134,798
down €134,798 (-17.8%), from €756,835 to €622,037
of which Plant, machinery and equipment: -€101,024
- Receivables within one year -€96,106
down €96,106 (-37.2%), from €258,645 to €162,540
of which Trade receivables: -€79,978
- Stocks and contracts -€76,282
down €76,282 (-14.3%), from €534,550 to €458,268
- Deferred charges and accrued income -€57,953
down €57,953 (-77.2%), from €75,073 to €17,120
- Profit (loss) carried forward -€697,036
down €697,036, from €148,186 to -€548,850
- Trade debts +€339,088
up €339,088 (+48.1%), from €704,860 to €1.0m
- Debts after one year -€189,690
down €189,690 (-34.3%), from €552,298 to €362,608
of which Financial debts: -€189,690
- Accrued charges and deferred income -€40,338
down €40,338 (-61.8%), from €65,237 to €24,899
- Gross operating margin -€694,472
down €694,472 (-71.2%), from €974,987 to €280,515
- Staff costs -€120,275
down €120,275 (-15.0%), from €804,438 to €684,163
- Other operating charges -€40,131
down €40,131 (-59.4%), from €67,587 to €27,456
- Financial income -€26,520
down €26,520 (-55.0%), from €48,234 to €21,714
of which Financial income: -€27,720
- Financial charges -€13,614
down €13,614 (-13.9%), from €97,785 to €84,171
of which Financial charges: -€30,620
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 | €2,315,786 | €1,708,732 | -€607,054 | -26.2% |
| Formation expenses | 20 | €3,220 | €1,951 | -€1,269 | -39.4% |
| Fixed assets | 21/28 | €771,947 | €637,149 | -€134,798 | -17.5% |
| Tangible fixed assets | 22/27 | €756,835 | €622,037 | -€134,798 | -17.8% |
| Land and buildings | 22 | €132,085 | €97,966 | -€34,119 | -25.8% |
| Plant, machinery and equipment | 23 | €555,758 | €454,735 | -€101,024 | -18.2% |
| Furniture and vehicles | 24 | €68,991 | €69,336 | +€344 | +0.5% |
| Financial fixed assets | 28 | €15,112 | €15,112 | = | 0.0% |
| Current assets | 29/58 | €1,540,619 | €1,069,633 | -€470,987 | -30.6% |
| Stocks and contracts in progress | 3 | €534,550 | €458,268 | -€76,282 | -14.3% |
| Stocks | 30/36 | €534,550 | €458,268 | -€76,282 | -14.3% |
| Amounts receivable within one year | 40/41 | €258,645 | €162,540 | -€96,106 | -37.2% |
| Trade receivables | 40 | €192,447 | €112,469 | -€79,978 | -41.6% |
| Other amounts receivable | 41 | €66,199 | €50,071 | -€16,128 | -24.4% |
| Cash at bank and in hand | 54/58 | €672,351 | €431,705 | -€240,646 | -35.8% |
| Deferred charges and accrued income | 490/1 | €75,073 | €17,120 | -€57,953 | -77.2% |
| Total equity and liabilities | 10/49 | €2,315,786 | €1,708,732 | -€607,054 | -26.2% |
| Equity | 10/15 | €607,614 | -€89,422 | -€697,036 | |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €334,428 | €334,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €321,928 | €321,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,186 | -€548,850 | -€697,036 | |
| Amounts payable | 17/49 | €1,708,172 | €1,798,154 | +€89,982 | +5.3% |
| Amounts payable after more than one year | 17 | €552,298 | €362,608 | -€189,690 | -34.3% |
| Financial debts | 170/4 | €548,498 | €358,808 | -€189,690 | -34.6% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,090,637 | €1,410,647 | +€320,010 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €212,611 | €225,410 | +€12,798 | +6.0% |
| Trade debts | 44 | €704,860 | €1,043,948 | +€339,088 | +48.1% |
| Suppliers | 440/4 | €704,860 | €1,043,948 | +€339,088 | +48.1% |
| Taxes, remuneration and social security | 45 | €119,451 | €102,605 | -€16,846 | -14.1% |
| Taxes | 450/3 | €28,059 | €2,464 | -€25,595 | -91.2% |
| Remuneration and social security | 454/9 | €91,392 | €100,141 | +€8,748 | +9.6% |
| Other amounts payable | 47/48 | €53,714 | €38,684 | -€15,030 | -28.0% |
| Accrued charges and deferred income | 492/3 | €65,237 | €24,899 | -€40,338 | -61.8% |
| Non-recurring operating income | 76A | €21,927 | - | -€21,927 | |
| Remuneration, social security and pensions | 62 | €804,438 | €684,163 | -€120,275 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,855 | €203,310 | +€9,455 | +4.9% |
| Other operating charges | 640/8 | €67,587 | €27,456 | -€40,131 | -59.4% |
| Non-recurring operating charges | 66A | €307 | - | -€307 | |
| Gross operating margin | 9900 | €974,987 | €280,515 | -€694,472 | -71.2% |
| Operating profit (loss) | 9901 | -€91,201 | -€634,414 | -€543,213 | -595.6% |
| Financial income | 75/76B | €48,234 | €21,714 | -€26,520 | -55.0% |
| Recurring financial income | 75 | €48,234 | €20,514 | -€27,720 | -57.5% |
| Non-recurring financial income | 76B | - | €1,200 | +€1,200 | |
| Financial charges | 65/66B | €97,785 | €84,171 | -€13,614 | -13.9% |
| Recurring financial charges | 65 | €88,862 | €58,242 | -€30,620 | -34.5% |
| Non-recurring financial charges | 66B | €8,923 | €25,929 | +€17,007 | +190.6% |
| Profit (loss) for the period before taxes | 9903 | -€140,752 | -€696,871 | -€556,119 | -395.1% |
| Income taxes | 67/77 | €725 | €165 | -€560 | -77.2% |
| Profit (loss) for the period | 9904 | -€141,477 | -€697,036 | -€555,559 | -392.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,477 | -€697,036 | -€555,559 | -392.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.