BURGGRAAF: 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.
BURGGRAAF
Largest movements
- Cash -€22,274
down €22,274 (-39.6%), from €56,181 to €33,907
mainly Investment in fixed assets (net) (-€17,588) and Debts after one year (-€16,070)
- Tangible fixed assets +€7,937
up €7,937 (+1.9%), from €411,711 to €419,648
of which Land and buildings: +€7,937
- Debts after one year -€16,070
down €16,070 (-5.9%), from €273,838 to €257,768
- Reserves +€6,499
up €6,499 (+6.2%), from €105,627 to €112,126
of which Distributable reserves: +€6,499
- Gross operating margin +€8,046
up €8,046 (+31.8%), from €25,309 to €33,355
- Financial charges +€6,345
up €6,345 (+140%), from €4,538 to €10,883
- Depreciation +€537
up €537 (+5.9%), from €9,114 to €9,651
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 | €467,892 | €457,522 | -€10,370 | -2.2% |
| Fixed assets | 21/28 | €411,711 | €419,648 | +€7,937 | +1.9% |
| Tangible fixed assets | 22/27 | €411,711 | €419,648 | +€7,937 | +1.9% |
| Land and buildings | 22 | €83,274 | €91,211 | +€7,937 | +9.5% |
| Other tangible fixed assets | 26 | €328,437 | €328,437 | = | 0.0% |
| Current assets | 29/58 | €56,181 | €37,874 | -€18,307 | -32.6% |
| Amounts receivable within one year | 40/41 | - | €3,967 | +€3,967 | |
| Other amounts receivable | 41 | - | €3,967 | +€3,967 | |
| Cash at bank and in hand | 54/58 | €56,181 | €33,907 | -€22,274 | -39.6% |
| Total equity and liabilities | 10/49 | €467,892 | €457,522 | -€10,370 | -2.2% |
| Equity | 10/15 | €149,374 | €155,873 | +€6,499 | +4.4% |
| Contributions | 10/11 | €43,747 | €43,747 | = | 0.0% |
| Reserves | 13 | €105,627 | €112,126 | +€6,499 | +6.2% |
| Non-distributable reserves | 130/1 | €4,670 | €4,670 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,670 | €4,670 | = | 0.0% |
| Distributable reserves | 133 | €100,957 | €107,456 | +€6,499 | +6.4% |
| Amounts payable | 17/49 | €318,518 | €301,649 | -€16,869 | -5.3% |
| Amounts payable after more than one year | 17 | €273,838 | €257,768 | -€16,070 | -5.9% |
| Financial debts | 170/4 | €273,838 | €257,768 | -€16,070 | -5.9% |
| Amounts payable within one year | 42/48 | €44,680 | €43,881 | -€799 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €15,557 | €16,071 | +€514 | +3.3% |
| Trade debts | 44 | €197 | €227 | +€30 | +15.2% |
| Suppliers | 440/4 | €197 | €227 | +€30 | +15.2% |
| Taxes, remuneration and social security | 45 | €3,259 | €849 | -€2,410 | -73.9% |
| Taxes | 450/3 | €3,259 | €849 | -€2,410 | -73.9% |
| Other amounts payable | 47/48 | €25,667 | €26,734 | +€1,067 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,114 | €9,651 | +€537 | +5.9% |
| Other operating charges | 640/8 | €3,189 | €3,289 | +€100 | +3.1% |
| Gross operating margin | 9900 | €25,309 | €33,355 | +€8,046 | +31.8% |
| Operating profit (loss) | 9901 | €13,006 | €20,415 | +€7,409 | +57.0% |
| Financial charges | 65/66B | €4,538 | €10,883 | +€6,345 | +140% |
| Recurring financial charges | 65 | €4,538 | €10,883 | +€6,345 | +140% |
| Profit (loss) for the period before taxes | 9903 | €8,468 | €9,532 | +€1,064 | +12.6% |
| Income taxes | 67/77 | €2,868 | €3,033 | +€165 | +5.8% |
| Profit (loss) for the period | 9904 | €5,600 | €6,499 | +€899 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,600 | €6,499 | +€899 | +16.1% |
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 13 October 2026 via checked.be.