Buro Blanche: 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 Blanche
Largest movements
- Receivables within one year +€166,704
up €166,704 (+432%), from €38,553 to €205,257
of which Trade receivables: +€165,070
- Cash +€28,737
up €28,737 (+54.4%), from €52,839 to €81,575
mainly Trade debts (+€112,230) and Net result for the year (+€38,243)
- Trade debts +€112,230
up €112,230 (+532%), from €21,100 to €133,330
- Reserves +€38,243
up €38,243 (+116%), from €32,872 to €71,115
- Advances received +€26,915
up €26,915 (+223%), from €12,053 to €38,968
- Tax, wage and social debts +€17,203
up €17,203 (+91.0%), from €18,911 to €36,113
of which Taxes: +€13,738
- Gross operating margin +€15,417
up €15,417 (+29.8%), from €51,697 to €67,114
- Staff costs +€7,381
new in 2025: €7,381
- Taxes +€2,794
up €2,794 (+22.7%), from €12,286 to €15,080
- Depreciation -€1,013
down €1,013 (-14.3%), from €7,066 to €6,053
- Financial charges +€672
up €672 (+2,904%), from €23 to €695
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 | €136,688 | €333,108 | +€196,420 | +144% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €45,061 | €46,275 | +€1,214 | +2.7% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €45,060 | €46,274 | +€1,214 | +2.7% |
| Plant, machinery and equipment | 23 | €2,898 | €5,443 | +€2,545 | +87.8% |
| Furniture and vehicles | 24 | €4,186 | €7,060 | +€2,874 | +68.7% |
| Other tangible fixed assets | 26 | €37,976 | €33,771 | -€4,205 | -11.1% |
| Current assets | 29/58 | €91,627 | €286,833 | +€195,205 | +213% |
| Amounts receivable within one year | 40/41 | €38,553 | €205,257 | +€166,704 | +432% |
| Trade receivables | 40 | €36,547 | €201,617 | +€165,070 | +452% |
| Other amounts receivable | 41 | €2,006 | €3,640 | +€1,634 | +81.5% |
| Cash at bank and in hand | 54/58 | €52,839 | €81,575 | +€28,737 | +54.4% |
| Deferred charges and accrued income | 490/1 | €236 | €0 | -€236 | -100% |
| Total equity and liabilities | 10/49 | €136,688 | €333,108 | +€196,420 | +144% |
| Equity | 10/15 | €34,472 | €72,715 | +€38,243 | +111% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €32,872 | €71,115 | +€38,243 | +116% |
| Distributable reserves | 133 | €32,872 | €71,115 | +€38,243 | +116% |
| Amounts payable | 17/49 | €102,216 | €260,393 | +€158,176 | +155% |
| Amounts payable within one year | 42/48 | €102,216 | €260,393 | +€158,176 | +155% |
| Trade debts | 44 | €21,100 | €133,330 | +€112,230 | +532% |
| Suppliers | 440/4 | €21,100 | €133,330 | +€112,230 | +532% |
| Advances received on contracts in progress | 46 | €12,053 | €38,968 | +€26,915 | +223% |
| Taxes, remuneration and social security | 45 | €18,911 | €36,113 | +€17,203 | +91.0% |
| Taxes | 450/3 | €16,561 | €30,299 | +€13,738 | +83.0% |
| Remuneration and social security | 454/9 | €2,350 | €5,815 | +€3,465 | +147% |
| Other amounts payable | 47/48 | €50,153 | €51,981 | +€1,828 | +3.6% |
| Remuneration, social security and pensions | 62 | - | €7,381 | +€7,381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,066 | €6,053 | -€1,013 | -14.3% |
| Other operating charges | 640/8 | €537 | €535 | -€3 | -0.5% |
| Gross operating margin | 9900 | €51,697 | €67,114 | +€15,417 | +29.8% |
| Operating profit (loss) | 9901 | €44,094 | €53,145 | +€9,052 | +20.5% |
| Financial income | 75/76B | €320 | €873 | +€553 | +173% |
| Recurring financial income | 75 | €320 | €873 | +€553 | +173% |
| Financial charges | 65/66B | €23 | €695 | +€672 | +2,904% |
| Recurring financial charges | 65 | €23 | €695 | +€672 | +2,904% |
| Profit (loss) for the period before taxes | 9903 | €44,391 | €53,323 | +€8,932 | +20.1% |
| Income taxes | 67/77 | €12,286 | €15,080 | +€2,794 | +22.7% |
| Profit (loss) for the period | 9904 | €32,105 | €38,243 | +€6,138 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,105 | €38,243 | +€6,138 | +19.1% |
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 13 October 2026 via checked.be.