BURGO: 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.
BURGO
Largest movements
- Receivables within one year +€154,812
up €154,812 (+119%), from €130,318 to €285,131
of which Other amounts receivable: +€195,791
- Cash +€117,326
up €117,326 (+545%), from €21,547 to €138,873
mainly Net result for the year (+€210,778) and Provisions (+€54,194)
- Tangible fixed assets -€53,213
down €53,213 (-39.2%), from €135,889 to €82,675
of which Land and buildings: -€53,169
- Reserves +€210,778
up €210,778 (+522%), from €40,355 to €251,133
of which Tax-exempt reserves: +€162,583
- Provisions +€54,194
new in 2025: €54,194
- Debts after one year -€52,560
down €52,560 (-32.5%), from €161,829 to €109,269
- Current portion of long-term debt -€10,469
down €10,469 (-25.3%), from €41,346 to €30,876
- Other debts +€9,972
up €9,972 (+38.3%), from €26,025 to €35,997
- Gross operating margin +€131,163
up €131,163 (+85.3%), from €153,795 to €284,958
- Depreciation -€4,958
down €4,958 (-48.5%), from €10,217 to €5,258
- Financial income +€4,645
up €4,645 (+2,718%), from €171 to €4,816
- Taxes +€2,960
up €2,960 (+73.3%), from €4,035 to €6,995
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 | €290,177 | €506,679 | +€216,502 | +74.6% |
| Fixed assets | 21/28 | €136,138 | €82,675 | -€53,462 | -39.3% |
| Tangible fixed assets | 22/27 | €135,889 | €82,675 | -€53,213 | -39.2% |
| Land and buildings | 22 | €135,844 | €82,675 | -€53,169 | -39.1% |
| Plant, machinery and equipment | 23 | €44 | €0 | -€44 | -100% |
| Financial fixed assets | 28 | €249 | €0 | -€249 | -100% |
| Current assets | 29/58 | €154,039 | €424,004 | +€269,964 | +175% |
| Amounts receivable within one year | 40/41 | €130,318 | €285,131 | +€154,812 | +119% |
| Trade receivables | 40 | €68,471 | €27,493 | -€40,979 | -59.8% |
| Other amounts receivable | 41 | €61,847 | €257,638 | +€195,791 | +317% |
| Cash at bank and in hand | 54/58 | €21,547 | €138,873 | +€117,326 | +545% |
| Deferred charges and accrued income | 490/1 | €2,174 | €0 | -€2,174 | -100% |
| Total equity and liabilities | 10/49 | €290,177 | €506,679 | +€216,502 | +74.6% |
| Equity | 10/15 | €46,555 | €257,333 | +€210,778 | +453% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,355 | €251,133 | +€210,778 | +522% |
| Tax-exempt reserves | 132 | - | €162,583 | +€162,583 | |
| Distributable reserves | 133 | €40,355 | €88,551 | +€48,196 | +119% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | - | €54,194 | +€54,194 | |
| Deferred taxes | 168 | - | €54,194 | +€54,194 | |
| Amounts payable | 17/49 | €243,622 | €195,152 | -€48,471 | -19.9% |
| Amounts payable after more than one year | 17 | €161,829 | €109,269 | -€52,560 | -32.5% |
| Financial debts | 170/4 | €161,829 | €109,269 | -€52,560 | -32.5% |
| Amounts payable within one year | 42/48 | €79,665 | €85,883 | +€6,218 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €41,346 | €30,876 | -€10,469 | -25.3% |
| Trade debts | 44 | €8,137 | €10,314 | +€2,177 | +26.8% |
| Suppliers | 440/4 | €8,137 | €10,314 | +€2,177 | +26.8% |
| Taxes, remuneration and social security | 45 | €4,157 | €8,695 | +€4,538 | +109% |
| Taxes | 450/3 | €4,157 | €8,695 | +€4,538 | +109% |
| Other amounts payable | 47/48 | €26,025 | €35,997 | +€9,972 | +38.3% |
| Accrued charges and deferred income | 492/3 | €2,129 | €0 | -€2,129 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,217 | €5,258 | -€4,958 | -48.5% |
| Other operating charges | 640/8 | €3,449 | €3,916 | +€467 | +13.5% |
| Gross operating margin | 9900 | €153,795 | €284,958 | +€131,163 | +85.3% |
| Operating profit (loss) | 9901 | €140,129 | €275,783 | +€135,654 | +96.8% |
| Financial income | 75/76B | €171 | €4,816 | +€4,645 | +2,718% |
| Recurring financial income | 75 | €171 | €4,816 | +€4,645 | +2,718% |
| Financial charges | 65/66B | €10,653 | €8,631 | -€2,022 | -19.0% |
| Recurring financial charges | 65 | €10,653 | €8,631 | -€2,022 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €129,647 | €271,968 | +€142,321 | +110% |
| Transfer to deferred taxes | 680 | - | €54,194 | +€54,194 | |
| Income taxes | 67/77 | €4,035 | €6,995 | +€2,960 | +73.3% |
| Profit (loss) for the period | 9904 | €125,611 | €210,778 | +€85,167 | +67.8% |
| Transfer to tax-exempt reserves | 689 | - | €162,583 | +€162,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €125,611 | €48,196 | -€77,415 | -61.6% |
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.