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
- Tangible fixed assets +€184,282
up €184,282 (+2,581%), from €7,141 to €191,423
of which Land and buildings: +€180,731
- Cash -€13,252
down €13,252 (-17.4%), from €76,094 to €62,841
mainly Investment in fixed assets (net) (-€186,143) and Receivables within one year (-€10,924)
- Receivables within one year +€10,924
up €10,924 (+89.3%), from €12,227 to €23,151
of which Trade receivables: +€11,999
- Deferred charges and accrued income +€3,532
up €3,532 (+16,561%), from €21 to €3,554
- Debts after one year +€126,000
new in 2025: €126,000
- Profit (loss) carried forward +€37,448
up €37,448 (+73.3%), from €51,073 to €88,521
- Trade debts +€21,593
up €21,593 (+245%), from €8,822 to €30,415
- Accrued charges and deferred income +€7,945
up €7,945 (+366%), from €2,173 to €10,118
- Tax, wage and social debts -€7,500
down €7,500 (-37.7%), from €19,916 to €12,416
- Gross operating margin -€14,260
down €14,260 (-22.1%), from €64,430 to €50,169
- Taxes -€3,377
down €3,377 (-25.5%), from €13,264 to €9,887
- Depreciation +€1,523
up €1,523 (+452%), from €337 to €1,860
- Financial charges +€769
up €769 (+706%), from €109 to €877
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 | €96,583 | €282,070 | +€185,486 | +192% |
| Fixed assets | 21/28 | €8,241 | €192,523 | +€184,282 | +2,236% |
| Tangible fixed assets | 22/27 | €7,141 | €191,423 | +€184,282 | +2,581% |
| Land and buildings | 22 | - | €180,731 | +€180,731 | |
| Plant, machinery and equipment | 23 | €7,141 | €7,627 | +€486 | +6.8% |
| Furniture and vehicles | 24 | - | €3,065 | +€3,065 | |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €88,342 | €89,546 | +€1,204 | +1.4% |
| Amounts receivable within one year | 40/41 | €12,227 | €23,151 | +€10,924 | +89.3% |
| Trade receivables | 40 | €9,013 | €21,012 | +€11,999 | +133% |
| Other amounts receivable | 41 | €3,214 | €2,139 | -€1,075 | -33.4% |
| Cash at bank and in hand | 54/58 | €76,094 | €62,841 | -€13,252 | -17.4% |
| Deferred charges and accrued income | 490/1 | €21 | €3,554 | +€3,532 | +16,561% |
| Total equity and liabilities | 10/49 | €96,583 | €282,070 | +€185,486 | +192% |
| Equity | 10/15 | €65,673 | €103,121 | +€37,448 | +57.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,600 | €12,600 | = | 0.0% |
| Distributable reserves | 133 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,073 | €88,521 | +€37,448 | +73.3% |
| Amounts payable | 17/49 | €30,911 | €178,949 | +€148,038 | +479% |
| Amounts payable after more than one year | 17 | - | €126,000 | +€126,000 | |
| Financial debts | 170/4 | - | €126,000 | +€126,000 | |
| Amounts payable within one year | 42/48 | €28,738 | €42,831 | +€14,093 | +49.0% |
| Trade debts | 44 | €8,822 | €30,415 | +€21,593 | +245% |
| Suppliers | 440/4 | €8,822 | €30,415 | +€21,593 | +245% |
| Taxes, remuneration and social security | 45 | €19,916 | €12,416 | -€7,500 | -37.7% |
| Taxes | 450/3 | €19,916 | €12,416 | -€7,500 | -37.7% |
| Accrued charges and deferred income | 492/3 | €2,173 | €10,118 | +€7,945 | +366% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €1,860 | +€1,523 | +452% |
| Other operating charges | 640/8 | €387 | €704 | +€317 | +81.8% |
| Gross operating margin | 9900 | €64,430 | €50,169 | -€14,260 | -22.1% |
| Operating profit (loss) | 9901 | €63,705 | €47,605 | -€16,101 | -25.3% |
| Financial income | 75/76B | €735 | €608 | -€127 | -17.3% |
| Recurring financial income | 75 | €735 | €608 | -€127 | -17.3% |
| Financial charges | 65/66B | €109 | €877 | +€769 | +706% |
| Recurring financial charges | 65 | €109 | €877 | +€769 | +706% |
| Profit (loss) for the period before taxes | 9903 | €64,331 | €47,335 | -€16,997 | -26.4% |
| Income taxes | 67/77 | €13,264 | €9,887 | -€3,377 | -25.5% |
| Profit (loss) for the period | 9904 | €51,067 | €37,448 | -€13,620 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,067 | €37,448 | -€13,620 | -26.7% |
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 27 October 2026 via checked.be.