BURO CARO: 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 CARO
Largest movements
- Cash -€118,494
down €118,494 (-14.0%), from €849,334 to €730,840
mainly Investment in fixed assets (net) (-€202,447) and Net result for the year (-€97,379)
- Tangible fixed assets +€30,421
up €30,421 (+1.6%), from €1.8m to €1.9m
of which Land and buildings: +€44,419
- Reserves -€97,379
down €97,379 (-7.9%), from €1.2m to €1.1m
of which Distributable reserves: -€95,520
- Other debts +€65,283
up €65,283 (+922%), from €7,081 to €72,365
- Debts after one year -€50,000
down €50,000 (-3.7%), from €1.4m to €1.3m
of which Financial debts: -€50,000
- Accrued charges and deferred income -€40,300
no longer reported in 2025 (was €40,300)
- Other operating charges +€24,788
up €24,788 (+121%), from €20,481 to €45,268
- Depreciation +€14,899
up €14,899 (+9.5%), from €157,127 to €172,026
- Gross operating margin -€7,811
down €7,811 (-4.7%), from €167,641 to €159,830
- Financial charges -€5,627
down €5,627 (-12.9%), from €43,755 to €38,128
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 | €2,719,766 | €2,608,147 | -€111,619 | -4.1% |
| Fixed assets | 21/28 | €1,846,885 | €1,877,307 | +€30,421 | +1.6% |
| Tangible fixed assets | 22/27 | €1,846,825 | €1,877,247 | +€30,421 | +1.6% |
| Land and buildings | 22 | €1,698,136 | €1,742,555 | +€44,419 | +2.6% |
| Other tangible fixed assets | 26 | €148,689 | €134,691 | -€13,998 | -9.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €872,881 | €730,840 | -€142,040 | -16.3% |
| Amounts receivable within one year | 40/41 | €20,000 | €0 | -€20,000 | -100.0% |
| Trade receivables | 40 | €0 | €0 | = | 0.0% |
| Other amounts receivable | 41 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €849,334 | €730,840 | -€118,494 | -14.0% |
| Deferred charges and accrued income | 490/1 | €3,547 | - | -€3,547 | |
| Total equity and liabilities | 10/49 | €2,719,766 | €2,608,147 | -€111,619 | -4.1% |
| Equity | 10/15 | €1,253,594 | €1,156,214 | -€97,379 | -7.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,235,002 | €1,137,622 | -€97,379 | -7.9% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €1,233,142 | €1,137,622 | -€95,520 | -7.7% |
| Amounts payable | 17/49 | €1,466,172 | €1,451,933 | -€14,240 | -1.0% |
| Amounts payable after more than one year | 17 | €1,368,564 | €1,318,564 | -€50,000 | -3.7% |
| Financial debts | 170/4 | €866,064 | €816,064 | -€50,000 | -5.8% |
| Other amounts payable | 178/9 | €502,500 | €502,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,308 | €133,369 | +€76,060 | +133% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €227 | €331 | +€104 | +45.8% |
| Suppliers | 440/4 | €227 | €331 | +€104 | +45.8% |
| Taxes, remuneration and social security | 45 | - | €10,673 | +€10,673 | |
| Taxes | 450/3 | - | €10,673 | +€10,673 | |
| Other amounts payable | 47/48 | €7,081 | €72,365 | +€65,283 | +922% |
| Accrued charges and deferred income | 492/3 | €40,300 | - | -€40,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,127 | €172,026 | +€14,899 | +9.5% |
| Other operating charges | 640/8 | €20,481 | €45,268 | +€24,788 | +121% |
| Non-recurring operating charges | 66A | - | €1,787 | +€1,787 | |
| Gross operating margin | 9900 | €167,641 | €159,830 | -€7,811 | -4.7% |
| Operating profit (loss) | 9901 | -€9,966 | -€59,251 | -€49,285 | -495% |
| Financial charges | 65/66B | €43,755 | €38,128 | -€5,627 | -12.9% |
| Recurring financial charges | 65 | €43,755 | €38,128 | -€5,627 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€53,722 | -€97,379 | -€43,657 | -81.3% |
| Profit (loss) for the period | 9904 | -€53,722 | -€97,379 | -€43,657 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,722 | -€97,379 | -€43,657 | -81.3% |
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 31 October 2026 via checked.be.