BURO MARKET: what changed
What changed
BURO MARKET
NACE 46.500, Wholesale of information and communication equipment
filed annual accounts (NBB)
Net result for the year
-€739,173
2025 · -€2.6m+€1.8m
Equity
-€1.6m
2025 · -€896,773-€739,173
Cash
€69,186
2025 · €112,066-€42,880
Balance sheet total
€499,704
2025 · €1.3m-€836,732
Largest movements
Assets
- Receivables within one year -€743,600
down €743,600 (-79.6%), from €933,650 to €190,051
of which Trade receivables: -€674,928
- Stocks and contracts -€45,965
down €45,965 (-39.3%), from €116,984 to €71,019
- Cash -€42,880
down €42,880 (-38.3%), from €112,066 to €69,186
mainly Provisions (-€952,605) and Net result for the year (-€739,173)
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+159%), from €681,557 to €1.8m
- Provisions -€952,605
down €952,605 (-94.8%), from €1.0m to €52,565
- Profit (loss) carried forward -€739,173
down €739,173 (-9.8%), from -€7.6m to -€8.3m
- Trade debts -€142,506
down €142,506 (-35.2%), from €404,772 to €262,266
- Tax, wage and social debts -€84,405
down €84,405 (-81.7%), from €103,364 to €18,958
of which Remuneration and social security: -€71,561
Income statement
- Provisions -€1.9m
down €1.9m, from €966,920 to -€952,605
- Turnover -€982,427
down €982,427 (-59.8%), from €1.6m to €659,268
- Purchases and services -€538,817
down €538,817 (-29.6%), from €1.8m to €1.3m
- Write-downs -€421,400
down €421,400, from €205,658 to -€215,742
- Other operating charges +€306,165
up €306,165 (+680%), from €44,997 to €351,162
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
-€2.6m
Gross operating margin
-€242,669
Staff costs
+€52,469
Depreciation
+€31,604
Write-downs
+€421,400
Provisions
+€1.9m
Other operating charges
-€306,165
Other operating items
+€115,253
Financial income
-€29,459
Financial charges
-€126,400
Taxes
-€3,357
Result 2026
-€739,173
raises the resultlowers the resultnot broken down further in the accounts
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
-€39,646
Investment
-€3,234
Financing
€0
Cash 2025
€112,066
From operations (derived)
-€39,646
Net result for the year
-€739,173
Depreciation
+€13,657
Stocks and contracts
+€45,965
Receivables within one year
+€743,600
Deferred charges and accrued income
-€6,135
Provisions
-€952,605
Trade debts
-€142,506
Tax, wage and social debts
-€84,405
Advances received
+€8,348
Other debts
+€1.1m
Accrued charges and deferred income
-€13,228
Investment (derived)
-€3,234
Investment in fixed assets (net)
-€3,234
Cash 2026
€69,186
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,336,437 | €499,704 | -€836,732 | -62.6% |
| Fixed assets | 21/28 | €156,347 | €145,925 | -€10,423 | -6.7% |
| Tangible fixed assets | 22/27 | €64,547 | €53,125 | -€11,423 | -17.7% |
| Plant, machinery and equipment | 23 | €34,016 | €17,361 | -€16,656 | -49.0% |
| Furniture and vehicles | 24 | €6,644 | €16,141 | +€9,497 | +143% |
| Other tangible fixed assets | 26 | €23,887 | €19,623 | -€4,264 | -17.9% |
| Financial fixed assets | 28 | €91,800 | €92,800 | +€1,000 | +1.1% |
| Current assets | 29/58 | €1,180,090 | €353,780 | -€826,310 | -70.0% |
| Stocks and contracts in progress | 3 | €116,984 | €71,019 | -€45,965 | -39.3% |
| Stocks | 30/36 | €116,984 | €71,019 | -€45,965 | -39.3% |
| Amounts receivable within one year | 40/41 | €933,650 | €190,051 | -€743,600 | -79.6% |
| Trade receivables | 40 | €823,683 | €148,755 | -€674,928 | -81.9% |
| Other amounts receivable | 41 | €109,967 | €41,296 | -€68,671 | -62.4% |
| Cash at bank and in hand | 54/58 | €112,066 | €69,186 | -€42,880 | -38.3% |
| Deferred charges and accrued income | 490/1 | €17,389 | €23,524 | +€6,135 | +35.3% |
| Total equity and liabilities | 10/49 | €1,336,437 | €499,704 | -€836,732 | -62.6% |
| Equity | 10/15 | -€896,773 | -€1,635,945 | -€739,173 | -82.4% |
| Contributions | 10/11 | €6,683,000 | €6,683,000 | = | 0.0% |
| Capital | 10 | €6,683,000 | €6,683,000 | = | 0.0% |
| Issued capital | 100 | €6,683,000 | €6,683,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,579,773 | -€8,318,945 | -€739,173 | -9.8% |
| Provisions and deferred taxes | 16 | €1,005,170 | €52,565 | -€952,605 | -94.8% |
| Provisions for liabilities and charges | 160/5 | €1,005,170 | €52,565 | -€952,605 | -94.8% |
| Other liabilities and charges | 164/5 | €1,005,170 | €52,565 | -€952,605 | -94.8% |
| Amounts payable | 17/49 | €1,228,040 | €2,083,085 | +€855,045 | +69.6% |
| Amounts payable within one year | 42/48 | €1,192,056 | €2,060,330 | +€868,273 | +72.8% |
| Trade debts | 44 | €404,772 | €262,266 | -€142,506 | -35.2% |
| Suppliers | 440/4 | €404,772 | €262,266 | -€142,506 | -35.2% |
| Advances received on contracts in progress | 46 | €2,363 | €10,711 | +€8,348 | +353% |
| Taxes, remuneration and social security | 45 | €103,364 | €18,958 | -€84,405 | -81.7% |
| Taxes | 450/3 | €21,507 | €8,663 | -€12,845 | -59.7% |
| Remuneration and social security | 454/9 | €81,856 | €10,296 | -€71,561 | -87.4% |
| Other amounts payable | 47/48 | €681,557 | €1,768,394 | +€1.1m | +159% |
| Accrued charges and deferred income | 492/3 | €35,983 | €22,755 | -€13,228 | -36.8% |
| Turnover | 70 | €1,641,695 | €659,268 | -€982,427 | -59.8% |
| Non-recurring operating income | 76A | - | €138,995 | +€138,995 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,822,695 | €1,283,879 | -€538,817 | -29.6% |
| Remuneration, social security and pensions | 62 | €960,197 | €907,728 | -€52,469 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,261 | €13,657 | -€31,604 | -69.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €205,658 | -€215,742 | -€421,400 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €966,920 | -€952,605 | -€1.9m | |
| Other operating charges | 640/8 | €44,997 | €351,162 | +€306,165 | +680% |
| Non-recurring operating charges | 66A | €116,008 | €755 | -€115,253 | -99.3% |
| Gross operating margin | 9900 | -€125,111 | -€367,780 | -€242,669 | -194% |
| Operating profit (loss) | 9901 | -€2,464,153 | -€472,735 | +€2.0m | +80.8% |
| Financial income | 75/76B | €29,459 | €0 | -€29,459 | -100.0% |
| Recurring financial income | 75 | €29,459 | €0 | -€29,459 | -100.0% |
| Financial charges | 65/66B | €137,720 | €264,120 | +€126,400 | +91.8% |
| Recurring financial charges | 65 | €24,692 | €43,585 | +€18,893 | +76.5% |
| Non-recurring financial charges | 66B | €113,028 | €220,535 | +€107,507 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,572,414 | -€736,855 | +€1.8m | +71.4% |
| Income taxes | 67/77 | -€1,040 | €2,317 | +€3,357 | |
| Profit (loss) for the period | 9904 | -€2,571,374 | -€739,173 | +€1.8m | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,571,374 | -€739,173 | +€1.8m | +71.3% |
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 4 November 2026 via checked.be.