Burlet & Fils: 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.
Burlet & Fils
Largest movements
- Receivables within one year +€33,331
up €33,331 (+55.1%), from €60,447 to €93,778
of which Trade receivables: +€31,263
- Cash -€32,142
down €32,142 (-27.8%), from €115,609 to €83,466
mainly Trade debts (-€75,349) and Receivables within one year (-€33,331)
- Tangible fixed assets -€9,483
down €9,483 (-5.9%), from €160,479 to €150,995
of which Land and buildings: -€5,520
- Stocks and contracts -€6,727
down €6,727 (-20.8%), from €32,326 to €25,599
- Trade debts -€75,349
down €75,349 (-48.8%), from €154,398 to €79,049
- Reserves +€48,665
up €48,665 (+83.0%), from €58,660 to €107,326
of which Distributable reserves: +€48,665
- Advances received +€36,524
new in 2025: €36,524
- Current portion of long-term debt -€21,182
down €21,182 (-64.1%), from €33,060 to €11,878
- Debts after one year -€11,878
down €11,878 (-12.9%), from €92,063 to €80,185
- Gross operating margin +€42,110
up €42,110 (+31.6%), from €133,420 to €175,530
- Depreciation -€23,838
down €23,838 (-71.5%), from €33,322 to €9,483
- Financial charges +€16,751
up €16,751 (+211%), from €7,924 to €24,675
- Taxes +€12,599
up €12,599 (+136%), from €9,248 to €21,846
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 | €390,839 | €374,859 | -€15,980 | -4.1% |
| Fixed assets | 21/28 | €164,048 | €154,565 | -€9,483 | -5.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €160,479 | €150,995 | -€9,483 | -5.9% |
| Land and buildings | 22 | €146,985 | €141,465 | -€5,520 | -3.8% |
| Plant, machinery and equipment | 23 | €10,304 | €7,444 | -€2,860 | -27.8% |
| Furniture and vehicles | 24 | €3,190 | €2,087 | -€1,103 | -34.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €3,569 | €3,569 | = | 0.0% |
| Current assets | 29/58 | €226,791 | €220,294 | -€6,496 | -2.9% |
| Stocks and contracts in progress | 3 | €32,326 | €25,599 | -€6,727 | -20.8% |
| Stocks | 30/36 | €32,326 | €25,599 | -€6,727 | -20.8% |
| Amounts receivable within one year | 40/41 | €60,447 | €93,778 | +€33,331 | +55.1% |
| Trade receivables | 40 | €60,447 | €91,711 | +€31,263 | +51.7% |
| Other amounts receivable | 41 | - | €2,067 | +€2,067 | |
| Cash at bank and in hand | 54/58 | €115,609 | €83,466 | -€32,142 | -27.8% |
| Deferred charges and accrued income | 490/1 | €18,409 | €17,451 | -€958 | -5.2% |
| Total equity and liabilities | 10/49 | €390,839 | €374,859 | -€15,980 | -4.1% |
| Equity | 10/15 | €93,084 | €141,750 | +€48,665 | +52.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,660 | €107,326 | +€48,665 | +83.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €58,660 | €107,326 | +€48,665 | +83.0% |
| Profit (loss) carried forward | 14 | €28,224 | €28,224 | = | 0.0% |
| Amounts payable | 17/49 | €297,754 | €233,109 | -€64,645 | -21.7% |
| Amounts payable after more than one year | 17 | €92,063 | €80,185 | -€11,878 | -12.9% |
| Financial debts | 170/4 | €92,063 | €80,185 | -€11,878 | -12.9% |
| Amounts payable within one year | 42/48 | €205,096 | €152,924 | -€52,171 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €33,060 | €11,878 | -€21,182 | -64.1% |
| Trade debts | 44 | €154,398 | €79,049 | -€75,349 | -48.8% |
| Suppliers | 440/4 | €154,398 | €79,049 | -€75,349 | -48.8% |
| Advances received on contracts in progress | 46 | - | €36,524 | +€36,524 | |
| Taxes, remuneration and social security | 45 | €15,421 | €25,474 | +€10,053 | +65.2% |
| Taxes | 450/3 | €5,635 | €15,094 | +€9,459 | +168% |
| Remuneration and social security | 454/9 | €9,786 | €10,380 | +€594 | +6.1% |
| Other amounts payable | 47/48 | €2,217 | - | -€2,217 | |
| Accrued charges and deferred income | 492/3 | €596 | - | -€596 | |
| Remuneration, social security and pensions | 62 | €67,515 | €67,794 | +€279 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,322 | €9,483 | -€23,838 | -71.5% |
| Other operating charges | 640/8 | €3,193 | €3,161 | -€32 | -1.0% |
| Gross operating margin | 9900 | €133,420 | €175,530 | +€42,110 | +31.6% |
| Operating profit (loss) | 9901 | €29,390 | €95,091 | +€65,701 | +224% |
| Financial income | 75/76B | €38 | €95 | +€57 | +148% |
| Recurring financial income | 75 | €38 | €95 | +€57 | +148% |
| Financial charges | 65/66B | €7,924 | €24,675 | +€16,751 | +211% |
| Recurring financial charges | 65 | €7,924 | €24,675 | +€16,751 | +211% |
| Profit (loss) for the period before taxes | 9903 | €21,504 | €70,512 | +€49,007 | +228% |
| Income taxes | 67/77 | €9,248 | €21,846 | +€12,599 | +136% |
| Profit (loss) for the period | 9904 | €12,256 | €48,665 | +€36,409 | +297% |
| Transfer from tax-exempt reserves | 789 | €9,286 | - | -€9,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,542 | €48,665 | +€27,123 | +126% |
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 1 November 2026 via checked.be.