BURO 78: 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 78
Largest movements
- Receivables within one year +€263,081
up €263,081 (+560%), from €46,937 to €310,018
of which Trade receivables: +€269,822
- Receivables after one year +€145,000
new in 2025: €145,000
- Tangible fixed assets -€125,813
down €125,813 (-13.0%), from €967,210 to €841,397
of which Land and buildings: -€108,010
- Financial fixed assets +€105,000
new in 2025: €105,000
- Cash +€62,428
up €62,428 (+27.7%), from €225,471 to €287,899
mainly Net result for the year (+€382,329) and Depreciation (+€106,523)
- Reserves +€382,329
up €382,329 (+41.1%), from €931,246 to €1.3m
of which Tax-exempt reserves: +€234,755
- Current portion of long-term debt +€28,481
up €28,481 (+35.4%), from €80,346 to €108,827
- Debts after one year +€26,185
up €26,185 (+8.4%), from €312,836 to €339,021
- Gross operating margin +€240,953
up €240,953 (+72.5%), from €332,214 to €573,167
- Financial income -€29,639
no longer reported in 2025 (was €29,639)
- Financial charges -€21,043
down €21,043 (-81.5%), from €25,805 to €4,762
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 | €1,648,251 | €2,091,884 | +€443,633 | +26.9% |
| Fixed assets | 21/28 | €967,210 | €946,397 | -€20,813 | -2.2% |
| Tangible fixed assets | 22/27 | €967,210 | €841,397 | -€125,813 | -13.0% |
| Land and buildings | 22 | €929,792 | €821,782 | -€108,010 | -11.6% |
| Plant, machinery and equipment | 23 | €3,193 | €2,156 | -€1,037 | -32.5% |
| Furniture and vehicles | 24 | €34,226 | €17,459 | -€16,767 | -49.0% |
| Financial fixed assets | 28 | - | €105,000 | +€105,000 | |
| Current assets | 29/58 | €681,040 | €1,145,487 | +€464,447 | +68.2% |
| Amounts receivable after more than one year | 29 | - | €145,000 | +€145,000 | |
| Other amounts receivable | 291 | - | €145,000 | +€145,000 | |
| Amounts receivable within one year | 40/41 | €46,937 | €310,018 | +€263,081 | +560% |
| Trade receivables | 40 | €29,970 | €299,792 | +€269,822 | +900% |
| Other amounts receivable | 41 | €16,967 | €10,226 | -€6,741 | -39.7% |
| Current investments | 50/53 | €397,255 | €397,255 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €225,471 | €287,899 | +€62,428 | +27.7% |
| Deferred charges and accrued income | 490/1 | €11,378 | €5,315 | -€6,063 | -53.3% |
| Total equity and liabilities | 10/49 | €1,648,251 | €2,091,884 | +€443,633 | +26.9% |
| Equity | 10/15 | €1,243,825 | €1,626,153 | +€382,328 | +30.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €931,246 | €1,313,575 | +€382,329 | +41.1% |
| Tax-exempt reserves | 132 | €115,957 | €350,712 | +€234,755 | +202% |
| Distributable reserves | 133 | €815,290 | €962,863 | +€147,573 | +18.1% |
| Profit (loss) carried forward | 14 | €292,118 | €292,118 | -€0 | 0.0% |
| Amounts payable | 17/49 | €404,426 | €465,731 | +€61,305 | +15.2% |
| Amounts payable after more than one year | 17 | €312,836 | €339,021 | +€26,185 | +8.4% |
| Financial debts | 170/4 | €312,836 | €339,021 | +€26,185 | +8.4% |
| Amounts payable within one year | 42/48 | €91,574 | €126,708 | +€35,134 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €80,346 | €108,827 | +€28,481 | +35.4% |
| Trade debts | 44 | €4,605 | €4,192 | -€413 | -9.0% |
| Suppliers | 440/4 | €4,605 | €4,192 | -€413 | -9.0% |
| Taxes, remuneration and social security | 45 | €6,207 | €11,133 | +€4,926 | +79.4% |
| Taxes | 450/3 | €6,207 | €11,133 | +€4,926 | +79.4% |
| Other amounts payable | 47/48 | €416 | €2,556 | +€2,140 | +514% |
| Accrued charges and deferred income | 492/3 | €16 | €2 | -€14 | -87.9% |
| Non-recurring operating income | 76A | - | €241,891 | +€241,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,518 | €106,523 | +€5 | 0.0% |
| Other operating charges | 640/8 | €8,555 | €14,101 | +€5,546 | +64.8% |
| Gross operating margin | 9900 | €332,214 | €573,167 | +€240,953 | +72.5% |
| Operating profit (loss) | 9901 | €217,141 | €452,543 | +€235,402 | +108% |
| Financial income | 75/76B | €29,639 | - | -€29,639 | |
| Recurring financial income | 75 | €29,639 | - | -€29,639 | |
| Financial charges | 65/66B | €25,805 | €4,762 | -€21,043 | -81.5% |
| Recurring financial charges | 65 | €25,805 | €4,762 | -€21,043 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | €220,975 | €447,781 | +€226,806 | +103% |
| Income taxes | 67/77 | €64,923 | €65,452 | +€529 | +0.8% |
| Profit (loss) for the period | 9904 | €156,052 | €382,329 | +€226,277 | +145% |
| Transfer from tax-exempt reserves | 789 | €7,136 | €7,136 | +€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €241,891 | +€241,891 | |
| Profit (loss) for the period to be appropriated | 9905 | €163,188 | €147,574 | -€15,614 | -9.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.