BURES: 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.
BURES
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+1306.7%), from €134,553 to €1.9m
of which Land and buildings: +€1.8m
- Current investments -€233,650
no longer reported in 2025 (was €233,650)
- Cash -€29,585
down €29,585 (-66.1%), from €44,765 to €15,180
mainly Investment in fixed assets (net) (-€1.8m) and Contributions, distributions and other (-€519,857)
- Short-term financial debts +€600,000
new in 2025: €600,000
- Reserves +€516,408
up €516,408 (+171.6%), from €301,010 to €817,417
of which Tax-exempt reserves: +€817,417
- Provisions +€272,472
new in 2025: €272,472
- Profit (loss) carried forward +€67,550
up €67,550 (+73.4%), from €92,042 to €159,592
- Other debts +€24,493
up €24,493 (+5378.0%), from €455 to €24,948
- Gross operating margin +€1.3m
up €1.3m (+2886.5%), from €46,751 to €1.4m
- Taxes +€65,159
up €65,159 (+716.6%), from €9,092 to €74,251
- Financial income +€42,344
up €42,344 (+188.8%), from €22,423 to €64,767
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 | €414,023 | €1,907,885 | +€1.5m | +360.8% |
| Fixed assets | 21/28 | €134,553 | €1,892,706 | +€1.8m | +1306.7% |
| Tangible fixed assets | 22/27 | €134,553 | €1,892,706 | +€1.8m | +1306.7% |
| Land and buildings | 22 | €134,553 | €1,892,706 | +€1.8m | +1306.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €279,470 | €15,180 | -€264,290 | -94.6% |
| Amounts receivable within one year | 40/41 | €260 | - | -€260 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €260 | - | -€260 | |
| Current investments | 50/53 | €233,650 | - | -€233,650 | |
| Cash at bank and in hand | 54/58 | €44,765 | €15,180 | -€29,585 | -66.1% |
| Deferred charges and accrued income | 490/1 | €795 | - | -€795 | |
| Total equity and liabilities | 10/49 | €414,023 | €1,907,885 | +€1.5m | +360.8% |
| Equity | 10/15 | €411,702 | €995,659 | +€583,958 | +141.8% |
| Contributions | 10/11 | €18,650 | €18,650 | = | 0.0% |
| Reserves | 13 | €301,010 | €817,417 | +€516,408 | +171.6% |
| Tax-exempt reserves | 132 | - | €817,417 | +€817,417 | |
| Distributable reserves | 133 | €301,010 | - | -€301,010 | |
| Profit (loss) carried forward | 14 | €92,042 | €159,592 | +€67,550 | +73.4% |
| Provisions and deferred taxes | 16 | - | €272,472 | +€272,472 | |
| Deferred taxes | 168 | - | €272,472 | +€272,472 | |
| Amounts payable | 17/49 | €2,321 | €639,754 | +€637,433 | +27463.2% |
| Amounts payable within one year | 42/48 | €797 | €632,243 | +€631,446 | +79223.8% |
| Financial debts | 43 | - | €600,000 | +€600,000 | |
| Credit institutions | 430/8 | - | €600,000 | +€600,000 | |
| Trade debts | 44 | €0 | €1,374 | +€1,374 | |
| Suppliers | 440/4 | €0 | €1,374 | +€1,374 | |
| Taxes, remuneration and social security | 45 | €342 | €5,921 | +€5,579 | +1633.1% |
| Taxes | 450/3 | €342 | €5,921 | +€5,579 | +1633.1% |
| Other amounts payable | 47/48 | €455 | €24,948 | +€24,493 | +5378.0% |
| Accrued charges and deferred income | 492/3 | €1,524 | €7,511 | +€5,987 | +392.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,253 | - | -€6,253 | |
| Other operating charges | 640/8 | €6,244 | €5,795 | -€448 | -7.2% |
| Gross operating margin | 9900 | €46,751 | €1,396,209 | +€1.3m | +2886.5% |
| Operating profit (loss) | 9901 | €34,255 | €1,390,414 | +€1.4m | +3959.0% |
| Financial income | 75/76B | €22,423 | €64,767 | +€42,344 | +188.8% |
| Recurring financial income | 75 | €22,423 | €64,767 | +€42,344 | +188.8% |
| Financial charges | 65/66B | €131 | €4,643 | +€4,513 | +3457.6% |
| Recurring financial charges | 65 | €131 | €4,643 | +€4,513 | +3457.6% |
| Profit (loss) for the period before taxes | 9903 | €56,547 | €1,450,538 | +€1.4m | +2465.2% |
| Transfer to deferred taxes | 680 | - | €272,472 | +€272,472 | |
| Income taxes | 67/77 | €9,092 | €74,251 | +€65,159 | +716.6% |
| Profit (loss) for the period | 9904 | €47,455 | €1,103,814 | +€1.1m | +2226.0% |
| Transfer to tax-exempt reserves | 689 | - | €817,417 | +€817,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,455 | €286,397 | +€238,942 | +503.5% |
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.