BURLET Fréres: 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.
What changed
BURLET Fréres
NACE 46.610, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,696
2024 · €89,033-€74,337
Equity
€2.4m
2024 · €2.4m+€14,696
Cash
€310,820
2024 · €131,649+€179,171
Balance sheet total
€5.8m
2024 · €5.2m+€568,481
Largest movements
Assets
- Stocks and contracts +€383,342
up €383,342 (+11.5%), from €3.3m to €3.7m
- Receivables within one year -€190,020
down €190,020 (-11.9%), from €1.6m to €1.4m
of which Trade receivables: -€184,979
- Cash +€179,171
up €179,171 (+136%), from €131,649 to €310,820
mainly Trade debts (+€581,290) and Receivables within one year (+€190,020)
- Deferred charges and accrued income +€131,104
up €131,104 (+3,620%), from €3,621 to €134,725
- Tangible fixed assets +€64,860
up €64,860 (+43.6%), from €148,876 to €213,736
of which Assets under construction and advance payments: +€49,266
Equity and liabilities
- Trade debts +€581,290
up €581,290 (+45.2%), from €1.3m to €1.9m
Income statement
- Staff costs +€115,597
up €115,597 (+24.7%), from €468,846 to €584,442
- Financial charges -€47,047
down €47,047 (-41.2%), from €114,250 to €67,203
- Depreciation +€11,673
up €11,673 (+34.5%), from €33,877 to €45,550
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.
Result 2024
€89,033
Gross operating margin
+€2,090
Staff costs
-€115,597
Depreciation
-€11,673
Other operating charges
+€328
Financial income
+€3,055
Financial charges
+€47,047
Taxes
-€5,063
Deferred taxes and other
+€5,475
Result 2025
€14,696
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€281,139
Investment
-€110,434
Financing
+€8,466
Cash 2024
€131,649
From operations (derived)
+€281,139
Net result for the year
+€14,696
Depreciation
+€45,550
Stocks and contracts
-€383,342
Receivables within one year
+€190,020
Deferred charges and accrued income
-€131,104
Provisions
-€1,095
Trade debts
+€581,290
Tax, wage and social debts
-€14,566
Accrued charges and deferred income
-€20,309
Investment (derived)
-€110,434
Investment in fixed assets (net)
-€110,410
Current investments
-€25
Financing
+€8,466
Debts after one year
+€9,719
Current portion of long-term debt
-€1,253
Cash 2025
€310,820
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,221,956 | €5,790,438 | +€568,481 | +10.9% |
| Fixed assets | 21/28 | €148,876 | €213,736 | +€64,860 | +43.6% |
| Tangible fixed assets | 22/27 | €148,876 | €213,736 | +€64,860 | +43.6% |
| Land and buildings | 22 | €452 | €0 | -€452 | -100% |
| Plant, machinery and equipment | 23 | €2,826 | €660 | -€2,166 | -76.6% |
| Furniture and vehicles | 24 | €139,239 | €160,745 | +€21,506 | +15.4% |
| Other tangible fixed assets | 26 | €6,359 | €3,064 | -€3,295 | -51.8% |
| Assets under construction and advance payments | 27 | - | €49,266 | +€49,266 | |
| Current assets | 29/58 | €5,073,080 | €5,576,702 | +€503,621 | +9.9% |
| Stocks and contracts in progress | 3 | €3,332,846 | €3,716,188 | +€383,342 | +11.5% |
| Stocks | 30/36 | €3,332,846 | €3,716,188 | +€383,342 | +11.5% |
| Amounts receivable within one year | 40/41 | €1,600,292 | €1,410,272 | -€190,020 | -11.9% |
| Trade receivables | 40 | €1,571,642 | €1,386,663 | -€184,979 | -11.8% |
| Other amounts receivable | 41 | €28,651 | €23,610 | -€5,041 | -17.6% |
| Current investments | 50/53 | €4,671 | €4,696 | +€25 | +0.5% |
| Cash at bank and in hand | 54/58 | €131,649 | €310,820 | +€179,171 | +136% |
| Deferred charges and accrued income | 490/1 | €3,621 | €134,725 | +€131,104 | +3,620% |
| Total equity and liabilities | 10/49 | €5,221,956 | €5,790,438 | +€568,481 | +10.9% |
| Equity | 10/15 | €2,408,410 | €2,423,106 | +€14,696 | +0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,341,827 | €1,338,542 | -€3,285 | -0.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €61,268 | €57,983 | -€3,285 | -5.4% |
| Distributable reserves | 133 | €1,278,700 | €1,278,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,047,991 | €1,065,972 | +€17,981 | +1.7% |
| Provisions and deferred taxes | 16 | €4,380 | €3,285 | -€1,095 | -25.0% |
| Deferred taxes | 168 | €4,380 | €3,285 | -€1,095 | -25.0% |
| Amounts payable | 17/49 | €2,809,166 | €3,364,046 | +€554,880 | +19.8% |
| Amounts payable after more than one year | 17 | €103,239 | €112,958 | +€9,719 | +9.4% |
| Financial debts | 170/4 | €103,239 | €112,958 | +€9,719 | +9.4% |
| Amounts payable within one year | 42/48 | €2,684,758 | €3,250,229 | +€565,470 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €422,034 | €420,781 | -€1,253 | -0.3% |
| Financial debts | 43 | €870,000 | €870,000 | = | 0.0% |
| Credit institutions | 430/8 | €870,000 | €870,000 | = | 0.0% |
| Trade debts | 44 | €1,287,430 | €1,868,719 | +€581,290 | +45.2% |
| Suppliers | 440/4 | €1,287,430 | €1,868,719 | +€581,290 | +45.2% |
| Taxes, remuneration and social security | 45 | €105,295 | €90,728 | -€14,566 | -13.8% |
| Taxes | 450/3 | €78,241 | €28,957 | -€49,284 | -63.0% |
| Remuneration and social security | 454/9 | €27,054 | €61,771 | +€34,717 | +128% |
| Accrued charges and deferred income | 492/3 | €21,168 | €860 | -€20,309 | -95.9% |
| Remuneration, social security and pensions | 62 | €468,846 | €584,442 | +€115,597 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,877 | €45,550 | +€11,673 | +34.5% |
| Other operating charges | 640/8 | €5,113 | €4,785 | -€328 | -6.4% |
| Gross operating margin | 9900 | €713,707 | €715,797 | +€2,090 | +0.3% |
| Operating profit (loss) | 9901 | €205,871 | €81,020 | -€124,851 | -60.6% |
| Financial income | 75/76B | €3,154 | €6,210 | +€3,055 | +96.9% |
| Recurring financial income | 75 | €3,154 | €6,210 | +€3,055 | +96.9% |
| Financial charges | 65/66B | €114,250 | €67,203 | -€47,047 | -41.2% |
| Recurring financial charges | 65 | €114,250 | €67,203 | -€47,047 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €94,776 | €20,027 | -€74,749 | -78.9% |
| Transfer from deferred taxes | 780 | €1,095 | €1,095 | = | 0.0% |
| Transfer to deferred taxes | 680 | €5,475 | €0 | -€5,475 | -100% |
| Income taxes | 67/77 | €1,363 | €6,426 | +€5,063 | +372% |
| Profit (loss) for the period | 9904 | €89,033 | €14,696 | -€74,337 | -83.5% |
| Transfer from tax-exempt reserves | 789 | €3,285 | €3,285 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €16,426 | €0 | -€16,426 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €75,892 | €17,981 | -€57,911 | -76.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.