BURGEAC: 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.
BURGEAC
Largest movements
- Receivables within one year -€5,952
down €5,952 (-18.5%), from €32,094 to €26,142
of which Trade receivables: -€5,264
- Cash -€2,312
down €2,312 (-40.4%), from €5,716 to €3,404
mainly Net result for the year (-€7,764) and Trade debts (-€2,797)
- Profit (loss) carried forward -€7,764
down €7,764 (-14.3%), from -€54,155 to -€61,919
- Other debts +€4,785
up €4,785 (+102.7%), from €4,659 to €9,444
- Trade debts -€2,797
down €2,797 (-19.3%), from €14,525 to €11,728
- Tax, wage and social debts -€2,511
down €2,511 (-13.1%), from €19,192 to €16,681
of which Remuneration and social security: -€1,549
- Staff costs +€12,376
up €12,376 (+18.0%), from €68,729 to €81,105
- Gross operating margin +€9,150
up €9,150 (+13.9%), from €65,961 to €75,111
- Write-downs +€2,511
no longer reported in 2025 (was -€2,511)
- Other operating charges -€2,008
down €2,008 (-63.6%), from €3,156 to €1,148
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 | €50,696 | €42,409 | -€8,287 | -16.3% |
| Fixed assets | 21/28 | €79 | €46 | -€33 | -42.0% |
| Tangible fixed assets | 22/27 | €33 | - | -€33 | |
| Furniture and vehicles | 24 | €33 | - | -€33 | |
| Financial fixed assets | 28 | €46 | €46 | = | 0.0% |
| Current assets | 29/58 | €50,618 | €42,364 | -€8,254 | -16.3% |
| Amounts receivable within one year | 40/41 | €32,094 | €26,142 | -€5,952 | -18.5% |
| Trade receivables | 40 | €28,713 | €23,449 | -€5,264 | -18.3% |
| Other amounts receivable | 41 | €3,381 | €2,693 | -€688 | -20.3% |
| Current investments | 50/53 | €12,568 | €12,568 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,716 | €3,404 | -€2,312 | -40.4% |
| Deferred charges and accrued income | 490/1 | €240 | €250 | +€10 | +4.1% |
| Total equity and liabilities | 10/49 | €50,696 | €42,409 | -€8,287 | -16.3% |
| Equity | 10/15 | €12,321 | €4,557 | -€7,764 | -63.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,476 | €4,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,476 | €4,476 | = | 0.0% |
| Legal reserve | 130 | €4,476 | €4,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,155 | -€61,919 | -€7,764 | -14.3% |
| Amounts payable | 17/49 | €38,375 | €37,852 | -€523 | -1.4% |
| Amounts payable within one year | 42/48 | €38,375 | €37,852 | -€523 | -1.4% |
| Trade debts | 44 | €14,525 | €11,728 | -€2,797 | -19.3% |
| Suppliers | 440/4 | €14,525 | €11,728 | -€2,797 | -19.3% |
| Taxes, remuneration and social security | 45 | €19,192 | €16,681 | -€2,511 | -13.1% |
| Taxes | 450/3 | €5,396 | €4,433 | -€962 | -17.8% |
| Remuneration and social security | 454/9 | €13,796 | €12,247 | -€1,549 | -11.2% |
| Other amounts payable | 47/48 | €4,659 | €9,444 | +€4,785 | +102.7% |
| Remuneration, social security and pensions | 62 | €68,729 | €81,105 | +€12,376 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145 | €33 | -€112 | -77.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,511 | - | +€2,511 | |
| Other operating charges | 640/8 | €3,156 | €1,148 | -€2,008 | -63.6% |
| Gross operating margin | 9900 | €65,961 | €75,111 | +€9,150 | +13.9% |
| Operating profit (loss) | 9901 | -€3,559 | -€7,176 | -€3,617 | -101.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €752 | €589 | -€164 | -21.8% |
| Recurring financial charges | 65 | €752 | €589 | -€164 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,311 | -€7,764 | -€3,453 | -80.1% |
| Income taxes | 67/77 | €22 | - | -€22 | |
| Profit (loss) for the period | 9904 | -€4,333 | -€7,764 | -€3,431 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,333 | -€7,764 | -€3,431 | -79.2% |
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 3 October 2026 via checked.be.