BURG IMMO: 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.
What changed
BURG IMMO
NACE 96.302, Personal service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€284
2024 · €16,685-€16,401
Equity
€138,774
2024 · €138,491+€284
Cash
€328
2024 · €3,602-€3,273
Balance sheet total
€2.1m
2024 · €2.1m+€60,399
Largest movements
Assets
- Tangible fixed assets +€63,520
up €63,520 (+3.1%), from €2.0m to €2.1m
Equity and liabilities
- Debts after one year +€41,197
up €41,197 (+3.6%), from €1.2m to €1.2m
Income statement
- Financial charges +€12,217
up €12,217 (+30.3%), from €40,262 to €52,479
- Depreciation +€2,709
up €2,709 (+3.6%), from €74,906 to €77,615
- Gross operating margin -€1,540
down €1,540 (-1.1%), from €144,251 to €142,711
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.
Result 2024
€16,685
Gross operating margin
-€1,540
Depreciation
-€2,709
Other operating charges
-€435
Other operating items
+€500
Financial charges
-€12,217
Result 2025
€284
lowers the resultnot broken down further in the accounts
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.
From operations
+€80,992
Investment
-€140,084
Financing
+€55,819
Cash 2024
€3,602
From operations (derived)
+€80,992
Net result for the year
+€284
Depreciation
+€77,615
Receivables within one year
-€1,167
Smaller working-capital items
-€30
Trade debts
-€635
Other debts
+€3,020
Accrued charges and deferred income
+€1,907
Investment (derived)
-€140,084
Investment in fixed assets (net)
-€140,084
Financing
+€55,819
Debts after one year
+€41,197
Current portion of long-term debt
+€14,622
Cash 2025
€328
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,057,747 | €2,118,146 | +€60,399 | +2.9% |
| Fixed assets | 21/28 | €2,050,456 | €2,112,926 | +€62,470 | +3.0% |
| Tangible fixed assets | 22/27 | €2,049,406 | €2,112,926 | +€63,520 | +3.1% |
| Land and buildings | 22 | €2,049,406 | €2,112,926 | +€63,520 | +3.1% |
| Financial fixed assets | 28 | €1,050 | - | -€1,050 | |
| Current assets | 29/58 | €7,291 | €5,220 | -€2,070 | -28.4% |
| Amounts receivable within one year | 40/41 | €2,685 | €3,853 | +€1,167 | +43.5% |
| Trade receivables | 40 | €2,685 | €3,853 | +€1,167 | +43.5% |
| Cash at bank and in hand | 54/58 | €3,602 | €328 | -€3,273 | -90.9% |
| Deferred charges and accrued income | 490/1 | €1,004 | €1,040 | +€36 | +3.6% |
| Total equity and liabilities | 10/49 | €2,057,747 | €2,118,146 | +€60,399 | +2.9% |
| Equity | 10/15 | €138,491 | €138,774 | +€284 | +0.2% |
| Contributions | 10/11 | €310,800 | €310,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,309 | -€172,026 | +€284 | +0.2% |
| Amounts payable | 17/49 | €1,919,256 | €1,979,372 | +€60,116 | +3.1% |
| Amounts payable after more than one year | 17 | €1,156,638 | €1,197,835 | +€41,197 | +3.6% |
| Financial debts | 170/4 | €1,156,638 | €1,197,835 | +€41,197 | +3.6% |
| Amounts payable within one year | 42/48 | €762,618 | €779,630 | +€17,012 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €72,574 | €87,196 | +€14,622 | +20.1% |
| Trade debts | 44 | €5,587 | €4,951 | -€635 | -11.4% |
| Suppliers | 440/4 | €5,587 | €4,951 | -€635 | -11.4% |
| Taxes, remuneration and social security | 45 | - | €6 | +€6 | |
| Taxes | 450/3 | - | €6 | +€6 | |
| Other amounts payable | 47/48 | €684,458 | €687,477 | +€3,020 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €1,907 | +€1,907 | |
| Non-recurring operating income | 76A | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,906 | €77,615 | +€2,709 | +3.6% |
| Other operating charges | 640/8 | €11,898 | €12,333 | +€435 | +3.7% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €144,251 | €142,711 | -€1,540 | -1.1% |
| Operating profit (loss) | 9901 | €56,947 | €52,763 | -€4,184 | -7.3% |
| Financial charges | 65/66B | €40,262 | €52,479 | +€12,217 | +30.3% |
| Recurring financial charges | 65 | €40,262 | €52,479 | +€12,217 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €16,685 | €284 | -€16,401 | -98.3% |
| Profit (loss) for the period | 9904 | €16,685 | €284 | -€16,401 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,685 | €284 | -€16,401 | -98.3% |
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 1 November 2026 via checked.be.