Buro Lagae: 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 Lagae
Largest movements
- Receivables within one year +€103,439
up €103,439 (+36.5%), from €283,391 to €386,829
of which Trade receivables: +€89,888
- Deferred charges and accrued income +€16,986
up €16,986 (+151%), from €11,246 to €28,232
- Trade debts +€156,166
up €156,166 (+312%), from €50,041 to €206,207
- Debts after one year -€30,000
down €30,000 (-30.0%), from €100,000 to €70,000
- Reserves +€16,489
up €16,489 (+3.6%), from €458,584 to €475,073
- Tax, wage and social debts -€13,638
down €13,638 (-8.2%), from €165,764 to €152,125
of which Taxes: -€40,481
- Staff costs +€125,231
up €125,231 (+29.5%), from €424,832 to €550,064
- Gross operating margin +€55,802
up €55,802 (+6.8%), from €824,600 to €880,402
- Taxes -€16,408
down €16,408 (-17.5%), from €93,966 to €77,558
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 | €780,389 | €909,405 | +€129,017 | +16.5% |
| Fixed assets | 21/28 | €280,272 | €281,351 | +€1,079 | +0.4% |
| Intangible fixed assets | 21 | €12,000 | €10,688 | -€1,312 | -10.9% |
| Tangible fixed assets | 22/27 | €268,272 | €270,543 | +€2,272 | +0.8% |
| Land and buildings | 22 | €178,608 | €172,110 | -€6,498 | -3.6% |
| Plant, machinery and equipment | 23 | €75,194 | €65,122 | -€10,072 | -13.4% |
| Furniture and vehicles | 24 | €14,469 | €33,311 | +€18,841 | +130% |
| Financial fixed assets | 28 | - | €120 | +€120 | |
| Current assets | 29/58 | €500,117 | €628,054 | +€127,937 | +25.6% |
| Amounts receivable within one year | 40/41 | €283,391 | €386,829 | +€103,439 | +36.5% |
| Trade receivables | 40 | €281,438 | €371,325 | +€89,888 | +31.9% |
| Other amounts receivable | 41 | €1,953 | €15,504 | +€13,551 | +694% |
| Cash at bank and in hand | 54/58 | €205,480 | €212,993 | +€7,513 | +3.7% |
| Deferred charges and accrued income | 490/1 | €11,246 | €28,232 | +€16,986 | +151% |
| Total equity and liabilities | 10/49 | €780,389 | €909,405 | +€129,017 | +16.5% |
| Equity | 10/15 | €464,584 | €481,073 | +€16,489 | +3.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €458,584 | €475,073 | +€16,489 | +3.6% |
| Distributable reserves | 133 | €458,584 | €475,073 | +€16,489 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €315,805 | €428,332 | +€112,528 | +35.6% |
| Amounts payable after more than one year | 17 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Financial debts | 170/4 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Amounts payable within one year | 42/48 | €215,805 | €358,332 | +€142,528 | +66.0% |
| Trade debts | 44 | €50,041 | €206,207 | +€156,166 | +312% |
| Suppliers | 440/4 | €50,041 | €206,207 | +€156,166 | +312% |
| Taxes, remuneration and social security | 45 | €165,764 | €152,125 | -€13,638 | -8.2% |
| Taxes | 450/3 | €118,861 | €78,380 | -€40,481 | -34.1% |
| Remuneration and social security | 454/9 | €46,903 | €73,746 | +€26,843 | +57.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €424,832 | €550,064 | +€125,231 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,198 | €25,093 | +€1,896 | +8.2% |
| Other operating charges | 640/8 | €14,451 | €13,058 | -€1,393 | -9.6% |
| Gross operating margin | 9900 | €824,600 | €880,402 | +€55,802 | +6.8% |
| Operating profit (loss) | 9901 | €362,119 | €292,187 | -€69,932 | -19.3% |
| Financial income | 75/76B | €2,554 | €1,947 | -€608 | -23.8% |
| Recurring financial income | 75 | €2,554 | €1,947 | -€608 | -23.8% |
| Financial charges | 65/66B | €128 | €87 | -€42 | -32.5% |
| Recurring financial charges | 65 | €128 | €87 | -€42 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €364,545 | €294,047 | -€70,497 | -19.3% |
| Income taxes | 67/77 | €93,966 | €77,558 | -€16,408 | -17.5% |
| Profit (loss) for the period | 9904 | €270,579 | €216,489 | -€54,089 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €270,579 | €216,489 | -€54,089 | -20.0% |
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 22 October 2026 via checked.be.