BURGERRECHT: 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.
BURGERRECHT
Largest movements
- Receivables within one year +€72,826
up €72,826 (+207%), from €35,186 to €108,012
of which Other amounts receivable: +€43,022
- Receivables after one year +€24,066
up €24,066 (+29.8%), from €80,883 to €104,949
- Cash -€14,224
down €14,224 (-29.3%), from €48,521 to €34,296
mainly Receivables within one year (-€72,826) and Receivables after one year (-€24,066)
- Trade debts +€57,976
up €57,976 (+186%), from €31,180 to €89,156
- Reserves +€13,207
up €13,207 (+13.1%), from €100,753 to €113,960
- Short-term financial debts +€8,410
new in 2025: €8,410
- Tax, wage and social debts +€4,711
up €4,711 (+15.5%), from €30,328 to €35,040
of which Taxes: +€4,947
- Gross operating margin -€110,534
down €110,534 (-78.4%), from €140,942 to €30,408
- Taxes -€23,660
down €23,660 (-83.0%), from €28,502 to €4,842
- Financial income +€1,745
up €1,745 (+118%), from €1,476 to €3,221
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,460 | €253,300 | +€84,839 | +50.4% |
| Fixed assets | 21/28 | - | €2,014 | +€2,014 | |
| Tangible fixed assets | 22/27 | - | €2,014 | +€2,014 | |
| Plant, machinery and equipment | 23 | - | €2,014 | +€2,014 | |
| Current assets | 29/58 | €168,460 | €251,285 | +€82,825 | +49.2% |
| Amounts receivable after more than one year | 29 | €80,883 | €104,949 | +€24,066 | +29.8% |
| Other amounts receivable | 291 | €80,883 | €104,949 | +€24,066 | +29.8% |
| Amounts receivable within one year | 40/41 | €35,186 | €108,012 | +€72,826 | +207% |
| Trade receivables | 40 | €25,919 | €55,723 | +€29,804 | +115% |
| Other amounts receivable | 41 | €9,267 | €52,289 | +€43,022 | +464% |
| Cash at bank and in hand | 54/58 | €48,521 | €34,296 | -€14,224 | -29.3% |
| Deferred charges and accrued income | 490/1 | €3,871 | €4,027 | +€156 | +4.0% |
| Total equity and liabilities | 10/49 | €168,460 | €253,300 | +€84,839 | +50.4% |
| Equity | 10/15 | €105,753 | €118,960 | +€13,207 | +12.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,753 | €113,960 | +€13,207 | +13.1% |
| Distributable reserves | 133 | €100,753 | €113,960 | +€13,207 | +13.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,708 | €134,340 | +€71,632 | +114% |
| Amounts payable within one year | 42/48 | €62,708 | €133,778 | +€71,071 | +113% |
| Financial debts | 43 | - | €8,410 | +€8,410 | |
| Credit institutions | 430/8 | - | €8,410 | +€8,410 | |
| Trade debts | 44 | €31,180 | €89,156 | +€57,976 | +186% |
| Suppliers | 440/4 | €31,180 | €89,156 | +€57,976 | +186% |
| Taxes, remuneration and social security | 45 | €30,328 | €35,040 | +€4,711 | +15.5% |
| Taxes | 450/3 | €30,093 | €35,040 | +€4,947 | +16.4% |
| Remuneration and social security | 454/9 | €235 | €0 | -€235 | -100% |
| Other amounts payable | 47/48 | €1,199 | €1,173 | -€26 | -2.2% |
| Accrued charges and deferred income | 492/3 | - | €561 | +€561 | |
| Remuneration, social security and pensions | 62 | €10,755 | €12,135 | +€1,380 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €201 | +€201 | |
| Other operating charges | 640/8 | €1,336 | €1,823 | +€487 | +36.5% |
| Gross operating margin | 9900 | €140,942 | €30,408 | -€110,534 | -78.4% |
| Operating profit (loss) | 9901 | €128,851 | €16,249 | -€112,602 | -87.4% |
| Financial income | 75/76B | €1,476 | €3,221 | +€1,745 | +118% |
| Recurring financial income | 75 | €1,476 | €3,221 | +€1,745 | +118% |
| Financial charges | 65/66B | €214 | €588 | +€374 | +175% |
| Recurring financial charges | 65 | €214 | €588 | +€374 | +175% |
| Profit (loss) for the period before taxes | 9903 | €130,114 | €18,882 | -€111,231 | -85.5% |
| Income taxes | 67/77 | €28,502 | €4,842 | -€23,660 | -83.0% |
| Profit (loss) for the period | 9904 | €101,612 | €14,040 | -€87,572 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,612 | €14,040 | -€87,572 | -86.2% |
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 15 October 2026 via checked.be.