BURO-B: 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-B
Largest movements
- Receivables within one year +€23,586
up €23,586 (+278.3%), from €8,474 to €32,060
of which Trade receivables: +€21,576
- Cash -€18,125
down €18,125 (-44.1%), from €41,083 to €22,958
mainly Debts after one year (-€29,899) and Receivables within one year (-€23,586)
- Tangible fixed assets -€9,552
down €9,552 (-24.0%), from €39,879 to €30,327
- Deferred charges and accrued income +€6,852
up €6,852 (+762.8%), from €898 to €7,750
- Reserves +€44,443
up €44,443 (+102.2%), from €43,481 to €87,924
- Debts after one year -€29,899
down €29,899 (-16.4%), from €181,928 to €152,028
- Other debts -€9,999
down €9,999 (-100.0%), from €9,999 to €0
- Gross operating margin +€41,639
up €41,639 (+73.6%), from €56,548 to €98,187
- Taxes +€23,836
up €23,836 (+180.8%), from €13,183 to €37,018
- Depreciation +€1,670
up €1,670 (+21.2%), from €7,882 to €9,552
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 | €298,335 | €301,095 | +€2,760 | +0.9% |
| Fixed assets | 21/28 | €247,879 | €238,327 | -€9,552 | -3.9% |
| Tangible fixed assets | 22/27 | €39,879 | €30,327 | -€9,552 | -24.0% |
| Furniture and vehicles | 24 | €39,879 | €30,327 | -€9,552 | -24.0% |
| Financial fixed assets | 28 | €208,000 | €208,000 | = | 0.0% |
| Current assets | 29/58 | €50,455 | €62,768 | +€12,313 | +24.4% |
| Amounts receivable within one year | 40/41 | €8,474 | €32,060 | +€23,586 | +278.3% |
| Trade receivables | 40 | €8,470 | €30,046 | +€21,576 | +254.7% |
| Other amounts receivable | 41 | €4 | €2,014 | +€2,011 | +52359.4% |
| Cash at bank and in hand | 54/58 | €41,083 | €22,958 | -€18,125 | -44.1% |
| Deferred charges and accrued income | 490/1 | €898 | €7,750 | +€6,852 | +762.8% |
| Total equity and liabilities | 10/49 | €298,335 | €301,095 | +€2,760 | +0.9% |
| Equity | 10/15 | €47,481 | €91,924 | +€44,443 | +93.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €43,481 | €87,924 | +€44,443 | +102.2% |
| Distributable reserves | 133 | €43,481 | €87,924 | +€44,443 | +102.2% |
| Amounts payable | 17/49 | €250,854 | €209,171 | -€41,682 | -16.6% |
| Amounts payable after more than one year | 17 | €181,928 | €152,028 | -€29,899 | -16.4% |
| Financial debts | 170/4 | €181,928 | €152,028 | -€29,899 | -16.4% |
| Amounts payable within one year | 42/48 | €68,926 | €57,143 | -€11,783 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €28,787 | €29,967 | +€1,180 | +4.1% |
| Trade debts | 44 | €3,280 | €1,159 | -€2,121 | -64.7% |
| Suppliers | 440/4 | €3,280 | €1,159 | -€2,121 | -64.7% |
| Taxes, remuneration and social security | 45 | €26,861 | €26,017 | -€844 | -3.1% |
| Taxes | 450/3 | €26,861 | €26,017 | -€844 | -3.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,999 | €0 | -€9,999 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,882 | €9,552 | +€1,670 | +21.2% |
| Other operating charges | 640/8 | €853 | €1,164 | +€311 | +36.5% |
| Gross operating margin | 9900 | €56,548 | €98,187 | +€41,639 | +73.6% |
| Operating profit (loss) | 9901 | €47,814 | €87,471 | +€39,658 | +82.9% |
| Financial income | 75/76B | €0 | €28 | +€28 | |
| Recurring financial income | 75 | €0 | €28 | +€28 | |
| Financial charges | 65/66B | €5,467 | €6,039 | +€572 | +10.5% |
| Recurring financial charges | 65 | €5,467 | €6,039 | +€572 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €42,347 | €81,461 | +€39,114 | +92.4% |
| Income taxes | 67/77 | €13,183 | €37,018 | +€23,836 | +180.8% |
| Profit (loss) for the period | 9904 | €29,164 | €44,443 | +€15,279 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,164 | €44,443 | +€15,279 | +52.4% |
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 9 October 2026 via checked.be.