BURO CEUTERICK: 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.
What changed
BURO CEUTERICK
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€286,035
2024 · €198,744+€87,290
Equity
€3.5m
2024 · €3.2m+€286,035
Cash
€84,137
2024 · €122,401-€38,264
Balance sheet total
€6.3m
2024 · €5.7m+€614,657
Largest movements
Assets
- Current investments +€650,000
up €650,000 (+325%), from €200,000 to €850,000
- Receivables after one year +€264,159
up €264,159 (+20.7%), from €1.3m to €1.5m
- Tangible fixed assets -€153,006
down €153,006 (-4.1%), from €3.7m to €3.5m
of which Land and buildings: -€107,777
- Receivables within one year -€112,573
down €112,573 (-36.4%), from €309,245 to €196,672
of which Trade receivables: -€103,387
Equity and liabilities
- Other debts +€645,532
up €645,532 (+479%), from €134,663 to €780,195
- Reserves +€286,035
up €286,035 (+16.5%), from €1.7m to €2.0m
of which Distributable reserves: +€291,952
- Debts after one year -€223,017
down €223,017 (-13.9%), from €1.6m to €1.4m
of which Financial debts: -€223,017
- Trade debts -€129,771
down €129,771 (-40.3%), from €321,877 to €192,106
Income statement
- Gross operating margin +€65,998
up €65,998 (+9.9%), from €668,904 to €734,902
- Other operating charges -€27,324
down €27,324 (-50.5%), from €54,141 to €26,817
- Staff costs -€12,648
down €12,648 (-9.1%), from €138,973 to €126,325
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.
Result 2024
€198,744
Gross operating margin
+€65,998
Staff costs
+€12,648
Depreciation
-€564
Other operating charges
+€27,324
Other operating items
+€405
Financial income
+€1,617
Financial charges
-€854
Taxes
+€630
Deferred taxes and other
-€19,914
Result 2025
€286,035
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€857,608
Investment
-€673,418
Financing
-€222,454
Cash 2024
€122,401
From operations (derived)
+€857,608
Net result for the year
+€286,035
Depreciation
+€176,424
Receivables after one year
-€264,159
Receivables within one year
+€112,573
Deferred charges and accrued income
-€4,340
Provisions
-€5,321
Trade debts
-€129,771
Tax, wage and social debts
+€30,396
Other debts
+€645,532
Accrued charges and deferred income
+€10,240
Investment (derived)
-€673,418
Investment in fixed assets (net)
-€23,418
Current investments
-€650,000
Financing
-€222,454
Debts after one year
-€223,017
Current portion of long-term debt
+€1,309
Short-term financial debts
-€745
Cash 2025
€84,137
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,691,745 | €6,306,402 | +€614,657 | +10.8% |
| Fixed assets | 21/28 | €3,703,408 | €3,550,402 | -€153,006 | -4.1% |
| Tangible fixed assets | 22/27 | €3,689,995 | €3,536,989 | -€153,006 | -4.1% |
| Land and buildings | 22 | €3,449,335 | €3,341,558 | -€107,777 | -3.1% |
| Furniture and vehicles | 24 | €190,660 | €145,431 | -€45,229 | -23.7% |
| Assets under construction and advance payments | 27 | €50,000 | €50,000 | = | 0.0% |
| Financial fixed assets | 28 | €13,414 | €13,414 | = | 0.0% |
| Current assets | 29/58 | €1,988,337 | €2,756,000 | +€767,663 | +38.6% |
| Amounts receivable after more than one year | 29 | €1,279,099 | €1,543,258 | +€264,159 | +20.7% |
| Other amounts receivable | 291 | €1,279,099 | €1,543,258 | +€264,159 | +20.7% |
| Stocks and contracts in progress | 3 | €65,000 | €65,000 | = | 0.0% |
| Stocks | 30/36 | €65,000 | €65,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €309,245 | €196,672 | -€112,573 | -36.4% |
| Trade receivables | 40 | €300,059 | €196,672 | -€103,387 | -34.5% |
| Other amounts receivable | 41 | €9,186 | €0 | -€9,186 | -100% |
| Current investments | 50/53 | €200,000 | €850,000 | +€650,000 | +325% |
| Cash at bank and in hand | 54/58 | €122,401 | €84,137 | -€38,264 | -31.3% |
| Deferred charges and accrued income | 490/1 | €12,592 | €16,933 | +€4,340 | +34.5% |
| Total equity and liabilities | 10/49 | €5,691,745 | €6,306,402 | +€614,657 | +10.8% |
| Equity | 10/15 | €3,194,794 | €3,480,829 | +€286,035 | +9.0% |
| Contributions | 10/11 | €1,272,000 | €1,272,000 | = | 0.0% |
| Capital | 10 | €1,272,000 | €1,272,000 | = | 0.0% |
| Issued capital | 100 | €1,272,000 | €1,272,000 | = | 0.0% |
| Revaluation surpluses | 12 | €184,730 | €184,730 | = | 0.0% |
| Reserves | 13 | €1,738,064 | €2,024,099 | +€286,035 | +16.5% |
| Non-distributable reserves | 130/1 | €72,703 | €88,069 | +€15,366 | +21.1% |
| Legal reserve | 130 | €72,703 | €88,069 | +€15,366 | +21.1% |
| Tax-exempt reserves | 132 | €423,810 | €402,527 | -€21,283 | -5.0% |
| Distributable reserves | 133 | €1,241,550 | €1,533,502 | +€291,952 | +23.5% |
| Provisions and deferred taxes | 16 | €102,696 | €97,376 | -€5,321 | -5.2% |
| Deferred taxes | 168 | €102,696 | €97,376 | -€5,321 | -5.2% |
| Amounts payable | 17/49 | €2,394,255 | €2,728,198 | +€333,943 | +13.9% |
| Amounts payable after more than one year | 17 | €1,601,525 | €1,378,508 | -€223,017 | -13.9% |
| Financial debts | 170/4 | €1,001,525 | €778,508 | -€223,017 | -22.3% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €781,493 | €1,328,213 | +€546,720 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €221,709 | €223,017 | +€1,309 | +0.6% |
| Financial debts | 43 | €16,904 | €16,158 | -€745 | -4.4% |
| Credit institutions | 430/8 | €16,904 | €16,158 | -€745 | -4.4% |
| Trade debts | 44 | €321,877 | €192,106 | -€129,771 | -40.3% |
| Suppliers | 440/4 | €321,877 | €192,106 | -€129,771 | -40.3% |
| Taxes, remuneration and social security | 45 | €86,340 | €116,736 | +€30,396 | +35.2% |
| Taxes | 450/3 | €72,041 | €106,431 | +€34,389 | +47.7% |
| Remuneration and social security | 454/9 | €14,299 | €10,305 | -€3,994 | -27.9% |
| Other amounts payable | 47/48 | €134,663 | €780,195 | +€645,532 | +479% |
| Accrued charges and deferred income | 492/3 | €11,237 | €21,477 | +€10,240 | +91.1% |
| Remuneration, social security and pensions | 62 | €138,973 | €126,325 | -€12,648 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,859 | €176,424 | +€564 | +0.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €54,141 | €26,817 | -€27,324 | -50.5% |
| Non-recurring operating charges | 66A | - | -€405 | -€405 | |
| Gross operating margin | 9900 | €668,904 | €734,902 | +€65,998 | +9.9% |
| Operating profit (loss) | 9901 | €299,930 | €405,742 | +€105,812 | +35.3% |
| Financial income | 75/76B | €19,673 | €21,289 | +€1,617 | +8.2% |
| Recurring financial income | 75 | €19,673 | €21,289 | +€1,617 | +8.2% |
| Financial charges | 65/66B | €42,200 | €43,053 | +€854 | +2.0% |
| Recurring financial charges | 65 | €42,200 | €43,053 | +€854 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €277,403 | €383,978 | +€106,575 | +38.4% |
| Transfer from deferred taxes | 780 | €25,235 | €5,321 | -€19,914 | -78.9% |
| Income taxes | 67/77 | €103,894 | €103,264 | -€630 | -0.6% |
| Profit (loss) for the period | 9904 | €198,744 | €286,035 | +€87,290 | +43.9% |
| Transfer from tax-exempt reserves | 789 | €100,940 | €21,283 | -€79,657 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €299,685 | €307,318 | +€7,633 | +2.5% |
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 26 October 2026 via checked.be.