Buro: 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.
Buro
Largest movements
- Cash +€72,306
up €72,306 (+133.6%), from €54,108 to €126,414
mainly Net result for the year (+€147,058) and Depreciation (+€68,381)
- Tangible fixed assets -€56,265
down €56,265 (-3.2%), from €1.7m to €1.7m
of which Land and buildings: -€55,390
- Reserves +€147,058
up €147,058 (+12.3%), from €1.2m to €1.3m
of which Distributable reserves: +€155,787
- Debts after one year -€135,714
down €135,714 (-18.1%), from €750,000 to €614,285
- Other debts +€33,410
up €33,410 (+11.7%), from €285,028 to €318,437
- Gross operating margin +€23,331
up €23,331 (+7.4%), from €315,544 to €338,875
- Financial income -€10,988
down €10,988 (-38.3%), from €28,708 to €17,721
- Taxes +€5,135
up €5,135 (+7.6%), from €67,618 to €72,753
- Financial charges -€4,756
down €4,756 (-9.4%), from €50,411 to €45,655
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.
Cash bridge derived
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 | €2,808,155 | €2,820,064 | +€11,909 | +0.4% |
| Fixed assets | 21/28 | €1,733,374 | €1,677,109 | -€56,265 | -3.2% |
| Tangible fixed assets | 22/27 | €1,733,374 | €1,677,109 | -€56,265 | -3.2% |
| Land and buildings | 22 | €1,724,129 | €1,668,738 | -€55,390 | -3.2% |
| Furniture and vehicles | 24 | €9,246 | €8,371 | -€875 | -9.5% |
| Current assets | 29/58 | €1,074,781 | €1,142,955 | +€68,174 | +6.3% |
| Amounts receivable within one year | 40/41 | €8,552 | €2,282 | -€6,270 | -73.3% |
| Trade receivables | 40 | €8,552 | €2,282 | -€6,270 | -73.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1,000,000 | €1,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,108 | €126,414 | +€72,306 | +133.6% |
| Deferred charges and accrued income | 490/1 | €12,121 | €14,259 | +€2,138 | +17.6% |
| Total equity and liabilities | 10/49 | €2,808,155 | €2,820,064 | +€11,909 | +0.4% |
| Equity | 10/15 | €1,479,987 | €1,627,044 | +€147,058 | +9.9% |
| Contributions | 10/11 | €286,492 | €286,492 | = | 0.0% |
| Capital | 10 | €286,492 | €286,492 | = | 0.0% |
| Issued capital | 100 | €286,492 | €286,492 | = | 0.0% |
| Reserves | 13 | €1,193,495 | €1,340,553 | +€147,058 | +12.3% |
| Non-distributable reserves | 130/1 | €28,649 | €28,649 | = | 0.0% |
| Legal reserve | 130 | €28,649 | €28,649 | = | 0.0% |
| Tax-exempt reserves | 132 | €281,189 | €272,459 | -€8,730 | -3.1% |
| Distributable reserves | 133 | €883,657 | €1,039,445 | +€155,787 | +17.6% |
| Provisions and deferred taxes | 16 | €89,323 | €86,413 | -€2,910 | -3.3% |
| Deferred taxes | 168 | €89,323 | €86,413 | -€2,910 | -3.3% |
| Amounts payable | 17/49 | €1,238,845 | €1,106,607 | -€132,239 | -10.7% |
| Amounts payable after more than one year | 17 | €750,000 | €614,285 | -€135,714 | -18.1% |
| Financial debts | 170/4 | €750,000 | €614,285 | -€135,714 | -18.1% |
| Amounts payable within one year | 42/48 | €455,045 | €469,093 | +€14,049 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €138,571 | €135,714 | -€2,857 | -2.1% |
| Trade debts | 44 | €6,944 | €236 | -€6,708 | -96.6% |
| Suppliers | 440/4 | €6,944 | €236 | -€6,708 | -96.6% |
| Taxes, remuneration and social security | 45 | €24,501 | €14,706 | -€9,796 | -40.0% |
| Taxes | 450/3 | €24,501 | €14,706 | -€9,796 | -40.0% |
| Other amounts payable | 47/48 | €285,028 | €318,437 | +€33,410 | +11.7% |
| Accrued charges and deferred income | 492/3 | €33,801 | €23,228 | -€10,573 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,158 | €68,381 | +€223 | +0.3% |
| Other operating charges | 640/8 | €24,852 | €25,658 | +€806 | +3.2% |
| Gross operating margin | 9900 | €315,544 | €338,875 | +€23,331 | +7.4% |
| Operating profit (loss) | 9901 | €222,533 | €244,836 | +€22,302 | +10.0% |
| Financial income | 75/76B | €28,708 | €17,721 | -€10,988 | -38.3% |
| Recurring financial income | 75 | €28,708 | €17,721 | -€10,988 | -38.3% |
| Financial charges | 65/66B | €50,411 | €45,655 | -€4,756 | -9.4% |
| Recurring financial charges | 65 | €50,411 | €45,655 | -€4,756 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €200,830 | €216,901 | +€16,071 | +8.0% |
| Transfer from deferred taxes | 780 | €2,910 | €2,910 | = | 0.0% |
| Income taxes | 67/77 | €67,618 | €72,753 | +€5,135 | +7.6% |
| Profit (loss) for the period | 9904 | €136,122 | €147,058 | +€10,936 | +8.0% |
| Transfer from tax-exempt reserves | 789 | €8,730 | €8,730 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €144,851 | €155,787 | +€10,936 | +7.5% |
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 11 October 2026 via checked.be.