BURLA’O: 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.
BURLA’O
Largest movements
- Receivables within one year -€31,996
down €31,996 (-83.7%), from €38,216 to €6,220
- Tangible fixed assets -€3,340
down €3,340 (-11.9%), from €28,128 to €24,788
of which Other tangible fixed assets: -€2,891
- Stocks and contracts -€2,097
down €2,097 (-13.0%), from €16,156 to €14,060
- Cash -€2,053
down €2,053 (-50.8%), from €4,039 to €1,987
mainly Trade debts (-€32,650) and Net result for the year (-€12,892)
- Deferred charges and accrued income +€2,010
up €2,010 (+396%), from €508 to €2,518
- Trade debts -€32,650
down €32,650 (-79.2%), from €41,204 to €8,554
- Profit (loss) carried forward -€12,892
down €12,892, from €8,231 to -€4,661
- Tax, wage and social debts +€4,417
up €4,417 (+39.5%), from €11,187 to €15,604
of which Remuneration and social security: +€3,416
- Advances received +€4,223
up €4,223 (+649%), from €651 to €4,873
- Staff costs +€15,807
up €15,807 (+118%), from €13,406 to €29,213
- Gross operating margin -€5,310
down €5,310 (-19.0%), from €27,878 to €22,568
- Taxes -€3,022
down €3,022 (-100%), from €3,022 to €0
- Depreciation +€1,241
up €1,241 (+56.6%), from €2,194 to €3,435
- Other operating charges +€934
new in 2025: €934
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 | €91,509 | €53,938 | -€37,571 | -41.1% |
| Fixed assets | 21/28 | €32,589 | €29,154 | -€3,435 | -10.5% |
| Intangible fixed assets | 21 | €411 | €316 | -€95 | -23.1% |
| Tangible fixed assets | 22/27 | €28,128 | €24,788 | -€3,340 | -11.9% |
| Furniture and vehicles | 24 | €1,157 | €708 | -€449 | -38.8% |
| Other tangible fixed assets | 26 | €26,971 | €24,080 | -€2,891 | -10.7% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €58,920 | €24,784 | -€34,135 | -57.9% |
| Stocks and contracts in progress | 3 | €16,156 | €14,060 | -€2,097 | -13.0% |
| Stocks | 30/36 | €16,156 | €14,060 | -€2,097 | -13.0% |
| Amounts receivable within one year | 40/41 | €38,216 | €6,220 | -€31,996 | -83.7% |
| Trade receivables | 40 | €38,216 | €6,220 | -€31,996 | -83.7% |
| Cash at bank and in hand | 54/58 | €4,039 | €1,987 | -€2,053 | -50.8% |
| Deferred charges and accrued income | 490/1 | €508 | €2,518 | +€2,010 | +396% |
| Total equity and liabilities | 10/49 | €91,509 | €53,938 | -€37,571 | -41.1% |
| Equity | 10/15 | €13,231 | €339 | -€12,892 | -97.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,231 | -€4,661 | -€12,892 | |
| Amounts payable | 17/49 | €78,277 | €53,599 | -€24,679 | -31.5% |
| Amounts payable within one year | 42/48 | €78,151 | €53,599 | -€24,552 | -31.4% |
| Trade debts | 44 | €41,204 | €8,554 | -€32,650 | -79.2% |
| Suppliers | 440/4 | €41,204 | €8,554 | -€32,650 | -79.2% |
| Advances received on contracts in progress | 46 | €651 | €4,873 | +€4,223 | +649% |
| Taxes, remuneration and social security | 45 | €11,187 | €15,604 | +€4,417 | +39.5% |
| Taxes | 450/3 | €4,963 | €5,964 | +€1,001 | +20.2% |
| Remuneration and social security | 454/9 | €6,224 | €9,640 | +€3,416 | +54.9% |
| Other amounts payable | 47/48 | €25,110 | €24,568 | -€542 | -2.2% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100% |
| Remuneration, social security and pensions | 62 | €13,406 | €29,213 | +€15,807 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,194 | €3,435 | +€1,241 | +56.6% |
| Other operating charges | 640/8 | - | €934 | +€934 | |
| Gross operating margin | 9900 | €27,878 | €22,568 | -€5,310 | -19.0% |
| Operating profit (loss) | 9901 | €12,279 | -€11,014 | -€23,293 | |
| Financial charges | 65/66B | €1,025 | €1,878 | +€853 | +83.1% |
| Recurring financial charges | 65 | €1,025 | €1,878 | +€853 | +83.1% |
| Profit (loss) for the period before taxes | 9903 | €11,253 | -€12,892 | -€24,145 | |
| Income taxes | 67/77 | €3,022 | €0 | -€3,022 | -100% |
| Profit (loss) for the period | 9904 | €8,231 | -€12,892 | -€21,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,231 | -€12,892 | -€21,123 |
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 23 October 2026 via checked.be.