BURO BERNARD: 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 BERNARD
Largest movements
- Cash -€522,606
down €522,606 (-64.0%), from €816,502 to €293,896
mainly Contributions, distributions and other (-€638,872) and Current investments (-€440,000)
- Current investments +€440,000
up €440,000 (+210%), from €210,000 to €650,000
- Receivables within one year -€59,205
down €59,205 (-88.3%), from €67,083 to €7,879
of which Other amounts receivable: -€34,126
- Tangible fixed assets +€25,216
up €25,216 (+59.7%), from €42,250 to €67,465
of which Other tangible fixed assets: +€20,145
- Financial fixed assets -€25,000
down €25,000 (-84.3%), from €29,650 to €4,650
- Tax, wage and social debts -€117,229
down €117,229 (-89.4%), from €131,055 to €13,827
of which Taxes: -€116,533
- Reserves -€31,685
down €31,685 (-100%), from €31,685 to €0
- Financial income +€215,808
up €215,808 (+709%), from €30,458 to €246,266
of which Financial income: +€111,884
- Gross operating margin +€131,081
up €131,081 (+26.1%), from €502,871 to €633,952
- Staff costs +€25,209
up €25,209 (+29.3%), from €85,962 to €111,171
- Taxes +€21,935
up €21,935 (+23.0%), from €95,422 to €117,357
- Financial charges -€14,508
down €14,508 (-42.1%), from €34,449 to €19,942
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 | €1,177,595 | €1,031,369 | -€146,226 | -12.4% |
| Fixed assets | 21/28 | €71,900 | €72,115 | +€216 | +0.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €42,250 | €67,465 | +€25,216 | +59.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €21,446 | €29,141 | +€7,695 | +35.9% |
| Furniture and vehicles | 24 | €20,803 | €18,179 | -€2,624 | -12.6% |
| Other tangible fixed assets | 26 | - | €20,145 | +€20,145 | |
| Financial fixed assets | 28 | €29,650 | €4,650 | -€25,000 | -84.3% |
| Current assets | 29/58 | €1,105,696 | €959,254 | -€146,442 | -13.2% |
| Stocks and contracts in progress | 3 | €525 | €955 | +€430 | +81.9% |
| Stocks | 30/36 | €525 | €955 | +€430 | +81.9% |
| Amounts receivable within one year | 40/41 | €67,083 | €7,879 | -€59,205 | -88.3% |
| Trade receivables | 40 | €26,657 | €1,579 | -€25,078 | -94.1% |
| Other amounts receivable | 41 | €40,426 | €6,300 | -€34,126 | -84.4% |
| Current investments | 50/53 | €210,000 | €650,000 | +€440,000 | +210% |
| Cash at bank and in hand | 54/58 | €816,502 | €293,896 | -€522,606 | -64.0% |
| Deferred charges and accrued income | 490/1 | €11,586 | €6,524 | -€5,061 | -43.7% |
| Total equity and liabilities | 10/49 | €1,177,595 | €1,031,369 | -€146,226 | -12.4% |
| Equity | 10/15 | €50,285 | €18,600 | -€31,685 | -63.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,685 | €0 | -€31,685 | -100% |
| Distributable reserves | 133 | €31,685 | €0 | -€31,685 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,127,310 | €1,012,769 | -€114,541 | -10.2% |
| Amounts payable within one year | 42/48 | €1,127,310 | €1,012,769 | -€114,541 | -10.2% |
| Trade debts | 44 | €623 | €3,048 | +€2,425 | +389% |
| Suppliers | 440/4 | €623 | €3,048 | +€2,425 | +389% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €131,055 | €13,827 | -€117,229 | -89.4% |
| Taxes | 450/3 | €117,771 | €1,238 | -€116,533 | -98.9% |
| Remuneration and social security | 454/9 | €13,284 | €12,589 | -€695 | -5.2% |
| Other amounts payable | 47/48 | €995,632 | €995,894 | +€263 | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €138,474 | €0 | -€138,474 | -100% |
| Remuneration, social security and pensions | 62 | €85,962 | €111,171 | +€25,209 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,207 | €22,144 | +€10,936 | +97.6% |
| Other operating charges | 640/8 | €3,385 | €2,419 | -€966 | -28.5% |
| Gross operating margin | 9900 | €502,871 | €633,952 | +€131,081 | +26.1% |
| Operating profit (loss) | 9901 | €402,317 | €498,219 | +€95,901 | +23.8% |
| Financial income | 75/76B | €30,458 | €246,266 | +€215,808 | +709% |
| Recurring financial income | 75 | €30,458 | €142,342 | +€111,884 | +367% |
| Non-recurring financial income | 76B | - | €103,924 | +€103,924 | |
| Financial charges | 65/66B | €34,449 | €19,942 | -€14,508 | -42.1% |
| Recurring financial charges | 65 | €34,449 | €19,942 | -€14,508 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €398,326 | €724,543 | +€326,217 | +81.9% |
| Income taxes | 67/77 | €95,422 | €117,357 | +€21,935 | +23.0% |
| Profit (loss) for the period | 9904 | €302,904 | €607,186 | +€304,283 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €302,904 | €607,186 | +€304,283 | +100% |
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 14 October 2026 via checked.be.