Buro Flo: what changed
Two fiscal 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 Flo
Largest movements
- Cash +€111,271
up €111,271 (+83.4%), from €133,412 to €244,684
mainly Net result for the year (+€151,244) and Investment in fixed assets (net) (+€13,328)
- Receivables after one year +€31,160
up €31,160 (+15.4%), from €202,000 to €233,160
of which Other amounts receivable: +€63,160
- Receivables within one year +€17,332
up €17,332, from €0 to €17,332
of which Trade receivables: +€17,332
- Tangible fixed assets -€14,133
down €14,133 (-72.3%), from €19,555 to €5,421
- Profit (loss) carried forward +€140,873
new in 2025: €140,873
- Reserves +€10,371
up €10,371 (+3.8%), from €274,790 to €285,161
of which Tax-exempt reserves: +€10,371
- Gross operating margin +€65,777
up €65,777 (+39.9%), from €164,849 to €230,626
- Staff costs +€44,755
up €44,755 (+876.3%), from €5,107 to €49,862
- Depreciation -€11,827
down €11,827 (-93.6%), from €12,633 to €805
- Financial income +€4,322
up €4,322 (+54.3%), from €7,957 to €12,279
- Taxes -€3,977
down €3,977 (-9.9%), from €40,209 to €36,232
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.
Cash bridge derived
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 | €363,716 | €513,562 | +€149,846 | +41.2% |
| Fixed assets | 21/28 | €19,555 | €5,421 | -€14,133 | -72.3% |
| Tangible fixed assets | 22/27 | €19,555 | €5,421 | -€14,133 | -72.3% |
| Furniture and vehicles | 24 | €19,555 | €5,421 | -€14,133 | -72.3% |
| Current assets | 29/58 | €344,161 | €508,140 | +€163,979 | +47.6% |
| Amounts receivable after more than one year | 29 | €202,000 | €233,160 | +€31,160 | +15.4% |
| Trade receivables | 290 | €32,000 | €0 | -€32,000 | -100.0% |
| Other amounts receivable | 291 | €170,000 | €233,160 | +€63,160 | +37.2% |
| Amounts receivable within one year | 40/41 | €0 | €17,332 | +€17,332 | |
| Trade receivables | 40 | €0 | €17,332 | +€17,332 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €133,412 | €244,684 | +€111,271 | +83.4% |
| Deferred charges and accrued income | 490/1 | €8,749 | €12,965 | +€4,216 | +48.2% |
| Total equity and liabilities | 10/49 | €363,716 | €513,562 | +€149,846 | +41.2% |
| Equity | 10/15 | €276,790 | €428,034 | +€151,244 | +54.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €274,790 | €285,161 | +€10,371 | +3.8% |
| Tax-exempt reserves | 132 | €147,350 | €157,721 | +€10,371 | +7.0% |
| Distributable reserves | 133 | €127,440 | €127,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €140,873 | +€140,873 | |
| Amounts payable | 17/49 | €86,926 | €85,528 | -€1,398 | -1.6% |
| Amounts payable within one year | 42/48 | €86,926 | €85,528 | -€1,398 | -1.6% |
| Trade debts | 44 | €4,234 | €7,480 | +€3,246 | +76.7% |
| Suppliers | 440/4 | €4,234 | €7,480 | +€3,246 | +76.7% |
| Taxes, remuneration and social security | 45 | €81,502 | €77,340 | -€4,162 | -5.1% |
| Taxes | 450/3 | €80,395 | €70,731 | -€9,663 | -12.0% |
| Remuneration and social security | 454/9 | €1,107 | €6,608 | +€5,502 | +497.0% |
| Other amounts payable | 47/48 | €1,190 | €708 | -€482 | -40.5% |
| Remuneration, social security and pensions | 62 | €5,107 | €49,862 | +€44,755 | +876.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,633 | €805 | -€11,827 | -93.6% |
| Other operating charges | 640/8 | €481 | €608 | +€126 | +26.2% |
| Non-recurring operating charges | 66A | - | €555 | +€555 | |
| Gross operating margin | 9900 | €164,849 | €230,626 | +€65,777 | +39.9% |
| Operating profit (loss) | 9901 | €146,627 | €178,797 | +€32,169 | +21.9% |
| Financial income | 75/76B | €7,957 | €12,279 | +€4,322 | +54.3% |
| Recurring financial income | 75 | €7,957 | €12,279 | +€4,322 | +54.3% |
| Financial charges | 65/66B | €551 | €3,600 | +€3,050 | +553.7% |
| Recurring financial charges | 65 | €551 | €3,600 | +€3,050 | +553.7% |
| Profit (loss) for the period before taxes | 9903 | €154,034 | €187,476 | +€33,442 | +21.7% |
| Income taxes | 67/77 | €40,209 | €36,232 | -€3,977 | -9.9% |
| Profit (loss) for the period | 9904 | €113,825 | €151,244 | +€37,419 | +32.9% |
| Transfer from tax-exempt reserves | 789 | - | €16,994 | +€16,994 | |
| Transfer to tax-exempt reserves | 689 | €63,150 | €27,365 | -€35,785 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,675 | €140,873 | +€90,198 | +178.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.