BUREX: 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.
BUREX
Largest movements
- Current investments -€165,199
down €165,199 (-100.0%), from €165,199 to €0
- Cash +€132,065
up €132,065 (+320.0%), from €41,267 to €173,332
mainly Current investments (+€165,199) and Depreciation (+€117,974)
- Tangible fixed assets -€95,812
down €95,812 (-11.4%), from €841,290 to €745,478
- Receivables within one year +€12,449
up €12,449 (+50.2%), from €24,795 to €37,244
of which Trade receivables: +€12,443
- Reserves -€72,999
down €72,999 (-12.0%), from €607,054 to €534,054
of which Distributable reserves: -€72,999
- Debts after one year -€57,667
down €57,667 (-25.4%), from €227,250 to €169,583
- Depreciation -€14,727
down €14,727 (-11.1%), from €132,701 to €117,974
- Gross operating margin +€6,724
up €6,724 (+11.4%), from €58,982 to €65,706
- Financial charges +€1,098
up €1,098 (+8.8%), from €12,438 to €13,536
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 | €1,178,926 | €1,062,334 | -€116,593 | -9.9% |
| Fixed assets | 21/28 | €841,290 | €745,478 | -€95,812 | -11.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €841,290 | €745,478 | -€95,812 | -11.4% |
| Land and buildings | 22 | €585,091 | €549,710 | -€35,381 | -6.0% |
| Plant, machinery and equipment | 23 | €98,549 | €83,518 | -€15,031 | -15.3% |
| Furniture and vehicles | 24 | €157,650 | €112,250 | -€45,400 | -28.8% |
| Current assets | 29/58 | €337,636 | €316,855 | -€20,781 | -6.2% |
| Stocks and contracts in progress | 3 | €101,550 | €95,400 | -€6,150 | -6.1% |
| Stocks | 30/36 | €101,550 | €95,400 | -€6,150 | -6.1% |
| Amounts receivable within one year | 40/41 | €24,795 | €37,244 | +€12,449 | +50.2% |
| Trade receivables | 40 | €24,787 | €37,229 | +€12,443 | +50.2% |
| Other amounts receivable | 41 | €8 | €14 | +€6 | +81.6% |
| Current investments | 50/53 | €165,199 | €0 | -€165,199 | -100.0% |
| Cash at bank and in hand | 54/58 | €41,267 | €173,332 | +€132,065 | +320.0% |
| Deferred charges and accrued income | 490/1 | €4,826 | €10,880 | +€6,054 | +125.5% |
| Total equity and liabilities | 10/49 | €1,178,926 | €1,062,334 | -€116,593 | -9.9% |
| Equity | 10/15 | €743,454 | €670,454 | -€72,999 | -9.8% |
| Contributions | 10/11 | €136,400 | €136,400 | = | 0.0% |
| Capital | 10 | €136,400 | €136,400 | = | 0.0% |
| Issued capital | 100 | €136,400 | €136,400 | = | 0.0% |
| Reserves | 13 | €607,054 | €534,054 | -€72,999 | -12.0% |
| Non-distributable reserves | 130/1 | €13,640 | €13,640 | = | 0.0% |
| Legal reserve | 130 | €13,640 | €13,640 | = | 0.0% |
| Distributable reserves | 133 | €593,414 | €520,414 | -€72,999 | -12.3% |
| Amounts payable | 17/49 | €435,472 | €391,879 | -€43,593 | -10.0% |
| Amounts payable after more than one year | 17 | €227,250 | €169,583 | -€57,667 | -25.4% |
| Financial debts | 170/4 | €227,250 | €169,583 | -€57,667 | -25.4% |
| Amounts payable within one year | 42/48 | €208,223 | €222,296 | +€14,073 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €57,667 | €57,667 | = | 0.0% |
| Trade debts | 44 | €19,646 | €24,727 | +€5,082 | +25.9% |
| Suppliers | 440/4 | €19,646 | €24,727 | +€5,082 | +25.9% |
| Taxes, remuneration and social security | 45 | €29,112 | €32,721 | +€3,609 | +12.4% |
| Taxes | 450/3 | €18,312 | €21,921 | +€3,609 | +19.7% |
| Remuneration and social security | 454/9 | €10,800 | €10,800 | = | 0.0% |
| Other amounts payable | 47/48 | €101,799 | €107,181 | +€5,383 | +5.3% |
| Non-recurring operating income | 76A | €3,842 | €200 | -€3,642 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,701 | €117,974 | -€14,727 | -11.1% |
| Other operating charges | 640/8 | €7,431 | €7,595 | +€164 | +2.2% |
| Non-recurring operating charges | 66A | €423 | €0 | -€423 | -100.0% |
| Gross operating margin | 9900 | €58,982 | €65,706 | +€6,724 | +11.4% |
| Operating profit (loss) | 9901 | -€81,573 | -€59,863 | +€21,710 | +26.6% |
| Financial income | 75/76B | €908 | €1,092 | +€184 | +20.3% |
| Recurring financial income | 75 | €908 | €1,092 | +€184 | +20.3% |
| Financial charges | 65/66B | €12,438 | €13,536 | +€1,098 | +8.8% |
| Recurring financial charges | 65 | €12,438 | €13,536 | +€1,098 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€93,103 | -€72,308 | +€20,796 | +22.3% |
| Income taxes | 67/77 | €736 | €692 | -€45 | -6.0% |
| Profit (loss) for the period | 9904 | -€93,840 | -€72,999 | +€20,840 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,840 | -€72,999 | +€20,840 | +22.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.