Buro-M Vastgoed: what changed
What changed
Buro-M Vastgoed
NACE 68.322, Real estate appraisal on a fee or contract basis
filed annual accounts (NBB)
Net result for the year
€32,074
2025 · €32,384-€309
Equity
€34,574
2025 · €47,939-€13,364
Cash
€98,086
2025 · €236,791-€138,705
Balance sheet total
€326,601
2025 · €425,060-€98,459
Largest movements
Assets
- Cash -€138,705
down €138,705 (-58.6%), from €236,791 to €98,086
mainly Other debts (-€93,405) and Investment in fixed assets (net) (-€60,954)
- Tangible fixed assets +€43,746
up €43,746 (+35.4%), from €123,666 to €167,413
of which Land and buildings: +€53,526
- Receivables within one year -€8,208
down €8,208 (-13.4%), from €61,033 to €52,826
of which Trade receivables: -€31,981
Equity and liabilities
- Other debts -€93,405
down €93,405 (-27.8%), from €335,701 to €242,296
- Reserves -€13,364
down €13,364 (-29.4%), from €45,439 to €32,074
- Tax, wage and social debts +€11,301
up €11,301 (+78.9%), from €14,330 to €25,631
of which Taxes: +€12,441
Income statement
- Staff costs +€24,316
up €24,316 (+33.0%), from €73,738 to €98,054
- Gross operating margin +€16,686
up €16,686 (+11.7%), from €142,841 to €159,527
- Depreciation -€7,418
down €7,418 (-35.2%), from €21,102 to €13,684
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€32,384
Gross operating margin
+€16,686
Staff costs
-€24,316
Depreciation
+€7,418
Other operating charges
+€1,152
Financial income
+€61
Financial charges
-€1,451
Taxes
+€141
Result 2026
€32,074
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€32,313
Investment
-€60,954
Financing
-€45,439
Cash 2025
€236,791
From operations (derived)
-€32,313
Net result for the year
+€32,074
Depreciation
+€13,684
Receivables within one year
+€8,208
Deferred charges and accrued income
-€1,184
Trade debts
-€3,100
Tax, wage and social debts
+€11,301
Other debts
-€93,405
Accrued charges and deferred income
+€110
Investment (derived)
-€60,954
Investment in fixed assets (net)
-€60,954
Financing
-€45,439
Contributions, distributions and other
-€45,439
Cash 2026
€98,086
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,060 | €326,601 | -€98,459 | -23.2% |
| Fixed assets | 21/28 | €124,198 | €171,468 | +€47,270 | +38.1% |
| Intangible fixed assets | 21 | €532 | €4,055 | +€3,524 | +663% |
| Tangible fixed assets | 22/27 | €123,666 | €167,413 | +€43,746 | +35.4% |
| Land and buildings | 22 | €67,988 | €121,515 | +€53,526 | +78.7% |
| Furniture and vehicles | 24 | €9,923 | €6,471 | -€3,452 | -34.8% |
| Other tangible fixed assets | 26 | €45,755 | €39,427 | -€6,328 | -13.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €300,862 | €155,133 | -€145,729 | -48.4% |
| Amounts receivable within one year | 40/41 | €61,033 | €52,826 | -€8,208 | -13.4% |
| Trade receivables | 40 | €56,372 | €24,391 | -€31,981 | -56.7% |
| Other amounts receivable | 41 | €4,662 | €28,435 | +€23,773 | +510% |
| Cash at bank and in hand | 54/58 | €236,791 | €98,086 | -€138,705 | -58.6% |
| Deferred charges and accrued income | 490/1 | €3,037 | €4,221 | +€1,184 | +39.0% |
| Total equity and liabilities | 10/49 | €425,060 | €326,601 | -€98,459 | -23.2% |
| Equity | 10/15 | €47,939 | €34,574 | -€13,364 | -27.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €45,439 | €32,074 | -€13,364 | -29.4% |
| Distributable reserves | 133 | €45,439 | €32,074 | -€13,364 | -29.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €377,121 | €292,026 | -€85,094 | -22.6% |
| Amounts payable after more than one year | 17 | €15,500 | €15,500 | = | 0.0% |
| Financial debts | 170/4 | €15,500 | €15,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €361,621 | €276,416 | -€85,204 | -23.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,590 | €8,489 | -€3,100 | -26.8% |
| Suppliers | 440/4 | €11,590 | €8,489 | -€3,100 | -26.8% |
| Taxes, remuneration and social security | 45 | €14,330 | €25,631 | +€11,301 | +78.9% |
| Taxes | 450/3 | €444 | €12,885 | +€12,441 | +2,802% |
| Remuneration and social security | 454/9 | €13,886 | €12,746 | -€1,140 | -8.2% |
| Other amounts payable | 47/48 | €335,701 | €242,296 | -€93,405 | -27.8% |
| Accrued charges and deferred income | 492/3 | €0 | €110 | +€110 | |
| Remuneration, social security and pensions | 62 | €73,738 | €98,054 | +€24,316 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,102 | €13,684 | -€7,418 | -35.2% |
| Other operating charges | 640/8 | €1,957 | €805 | -€1,152 | -58.9% |
| Gross operating margin | 9900 | €142,841 | €159,527 | +€16,686 | +11.7% |
| Operating profit (loss) | 9901 | €46,045 | €46,984 | +€939 | +2.0% |
| Financial income | 75/76B | €3 | €65 | +€61 | +1,802% |
| Recurring financial income | 75 | €3 | €65 | +€61 | +1,802% |
| Financial charges | 65/66B | €4,326 | €5,778 | +€1,451 | +33.5% |
| Recurring financial charges | 65 | €4,326 | €5,778 | +€1,451 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €41,722 | €41,271 | -€450 | -1.1% |
| Income taxes | 67/77 | €9,338 | €9,197 | -€141 | -1.5% |
| Profit (loss) for the period | 9904 | €32,384 | €32,074 | -€309 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,384 | €32,074 | -€309 | -1.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.