BURO A1: 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 A1
Largest movements
- Tangible fixed assets -€46,532
down €46,532 (-10.9%), from €425,134 to €378,602
of which Other tangible fixed assets: -€265,804
- Receivables within one year +€16,380
up €16,380 (+42.6%), from €38,442 to €54,822
of which Trade receivables: +€31,961
- Cash +€10,545
up €10,545, from €0 to €10,545
mainly Debts after one year (+€89,495) and Depreciation (+€56,818)
- Deferred charges and accrued income -€6,101
down €6,101 (-64.2%), from €9,501 to €3,400
- Debts after one year +€89,495
up €89,495 (+108%), from €82,999 to €172,494
- Profit (loss) carried forward -€50,578
new in 2025: -€50,578
- Short-term financial debts -€35,707
down €35,707 (-97.5%), from €36,632 to €925
- Tax, wage and social debts -€31,719
down €31,719 (-47.2%), from €67,238 to €35,519
of which Remuneration and social security: -€16,538
- Other debts +€18,089
up €18,089 (+1,293%), from €1,399 to €19,489
- Staff costs -€57,378
down €57,378 (-28.1%), from €203,840 to €146,462
- Gross operating margin -€48,315
down €48,315 (-22.5%), from €214,864 to €166,550
- Financial income -€10,491
down €10,491 (-99.9%), from €10,500 to €8
- Financial charges -€3,608
down €3,608 (-25.0%), from €14,449 to €10,841
- Other operating charges -€2,497
down €2,497 (-45.3%), from €5,510 to €3,014
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 | €516,427 | €485,727 | -€30,699 | -5.9% |
| Fixed assets | 21/28 | €467,038 | €416,961 | -€50,078 | -10.7% |
| Intangible fixed assets | 21 | €41,114 | €37,569 | -€3,546 | -8.6% |
| Tangible fixed assets | 22/27 | €425,134 | €378,602 | -€46,532 | -10.9% |
| Land and buildings | 22 | €121,440 | €356,058 | +€234,618 | +193% |
| Plant, machinery and equipment | 23 | €1,926 | €1,446 | -€480 | -24.9% |
| Furniture and vehicles | 24 | €34,041 | €19,175 | -€14,866 | -43.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €267,727 | €1,923 | -€265,804 | -99.3% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €49,388 | €68,767 | +€19,379 | +39.2% |
| Amounts receivable within one year | 40/41 | €38,442 | €54,822 | +€16,380 | +42.6% |
| Trade receivables | 40 | €22,570 | €54,531 | +€31,961 | +142% |
| Other amounts receivable | 41 | €15,871 | €291 | -€15,581 | -98.2% |
| Current investments | 50/53 | €1,445 | €0 | -€1,445 | -100% |
| Cash at bank and in hand | 54/58 | €0 | €10,545 | +€10,545 | |
| Deferred charges and accrued income | 490/1 | €9,501 | €3,400 | -€6,101 | -64.2% |
| Total equity and liabilities | 10/49 | €516,427 | €485,727 | -€30,699 | -5.9% |
| Equity | 10/15 | €196,889 | €146,311 | -€50,578 | -25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €178,289 | €178,289 | = | 0.0% |
| Distributable reserves | 133 | €178,289 | €178,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€50,578 | -€50,578 | |
| Amounts payable | 17/49 | €319,537 | €339,416 | +€19,879 | +6.2% |
| Amounts payable after more than one year | 17 | €82,999 | €172,494 | +€89,495 | +108% |
| Financial debts | 170/4 | €82,999 | €172,494 | +€89,495 | +108% |
| Amounts payable within one year | 42/48 | €236,539 | €166,922 | -€69,616 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €61,472 | €52,548 | -€8,923 | -14.5% |
| Financial debts | 43 | €36,632 | €925 | -€35,707 | -97.5% |
| Credit institutions | 430/8 | €36,632 | €925 | -€35,707 | -97.5% |
| Trade debts | 44 | €69,798 | €58,441 | -€11,357 | -16.3% |
| Suppliers | 440/4 | €69,798 | €58,441 | -€11,357 | -16.3% |
| Taxes, remuneration and social security | 45 | €67,238 | €35,519 | -€31,719 | -47.2% |
| Taxes | 450/3 | €28,368 | €13,187 | -€15,181 | -53.5% |
| Remuneration and social security | 454/9 | €38,870 | €22,332 | -€16,538 | -42.5% |
| Other amounts payable | 47/48 | €1,399 | €19,489 | +€18,089 | +1,293% |
| Remuneration, social security and pensions | 62 | €203,840 | €146,462 | -€57,378 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,947 | €56,818 | -€2,129 | -3.6% |
| Other operating charges | 640/8 | €5,510 | €3,014 | -€2,497 | -45.3% |
| Gross operating margin | 9900 | €214,864 | €166,550 | -€48,315 | -22.5% |
| Operating profit (loss) | 9901 | -€53,433 | -€39,744 | +€13,689 | +25.6% |
| Financial income | 75/76B | €10,500 | €8 | -€10,491 | -99.9% |
| Recurring financial income | 75 | €10,500 | €8 | -€10,491 | -99.9% |
| Financial charges | 65/66B | €14,449 | €10,841 | -€3,608 | -25.0% |
| Recurring financial charges | 65 | €14,449 | €10,841 | -€3,608 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€57,383 | -€50,577 | +€6,806 | +11.9% |
| Income taxes | 67/77 | €0 | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€57,383 | -€50,578 | +€6,805 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,383 | -€50,578 | +€6,805 | +11.9% |
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 18 October 2026 via checked.be.