BuRo&Ro: 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&Ro
Largest movements
- Current investments +€51,357
up €51,357 (+60.3%), from €85,105 to €136,462
- Receivables within one year -€40,370
down €40,370 (-40.0%), from €101,006 to €60,635
of which Trade receivables: -€30,356
- Cash +€12,919
up €12,919 (+94.6%), from €13,661 to €26,580
mainly Net result for the year (+€73,648) and Receivables within one year (+€40,370)
- Tangible fixed assets -€10,279
down €10,279 (-33.4%), from €30,763 to €20,483
- Reserves +€59,280
up €59,280 (+39.0%), from €151,989 to €211,268
of which Distributable reserves: +€59,280
- Other debts -€36,488
down €36,488 (-95.1%), from €38,379 to €1,891
- Current portion of long-term debt -€6,799
down €6,799 (-91.5%), from €7,432 to €633
- Tax, wage and social debts -€3,165
down €3,165 (-20.8%), from €15,217 to €12,051
- Financial income +€24,429
up €24,429 (+1552.5%), from €1,574 to €26,003
- Taxes +€11,151
up €11,151 (+68.1%), from €16,366 to €27,517
- Financial charges +€5,005
up €5,005 (+592.5%), from €845 to €5,849
- Gross operating margin +€2,212
up €2,212 (+2.4%), from €90,554 to €92,766
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 | €233,866 | €248,258 | +€14,392 | +6.2% |
| Fixed assets | 21/28 | €30,763 | €20,483 | -€10,279 | -33.4% |
| Tangible fixed assets | 22/27 | €30,763 | €20,483 | -€10,279 | -33.4% |
| Furniture and vehicles | 24 | €30,763 | €20,483 | -€10,279 | -33.4% |
| Current assets | 29/58 | €203,103 | €227,774 | +€24,671 | +12.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €101,006 | €60,635 | -€40,370 | -40.0% |
| Trade receivables | 40 | €53,918 | €23,561 | -€30,356 | -56.3% |
| Other amounts receivable | 41 | €47,088 | €37,074 | -€10,014 | -21.3% |
| Current investments | 50/53 | €85,105 | €136,462 | +€51,357 | +60.3% |
| Cash at bank and in hand | 54/58 | €13,661 | €26,580 | +€12,919 | +94.6% |
| Deferred charges and accrued income | 490/1 | €3,332 | €4,097 | +€765 | +23.0% |
| Total equity and liabilities | 10/49 | €233,866 | €248,258 | +€14,392 | +6.2% |
| Equity | 10/15 | €170,589 | €229,868 | +€59,280 | +34.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,989 | €211,268 | +€59,280 | +39.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,129 | €209,408 | +€59,280 | +39.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,277 | €18,389 | -€44,888 | -70.9% |
| Amounts payable after more than one year | 17 | €633 | €0 | -€633 | -100.0% |
| Financial debts | 170/4 | €633 | €0 | -€633 | -100.0% |
| Amounts payable within one year | 42/48 | €62,645 | €18,389 | -€44,255 | -70.6% |
| Current portion of amounts payable after more than one year | 42 | €7,432 | €633 | -€6,799 | -91.5% |
| Trade debts | 44 | €1,617 | €3,814 | +€2,197 | +135.9% |
| Suppliers | 440/4 | €1,617 | €3,814 | +€2,197 | +135.9% |
| Taxes, remuneration and social security | 45 | €15,217 | €12,051 | -€3,165 | -20.8% |
| Taxes | 450/3 | €15,217 | €12,051 | -€3,165 | -20.8% |
| Other amounts payable | 47/48 | €38,379 | €1,891 | -€36,488 | -95.1% |
| Remuneration, social security and pensions | 62 | €947 | €696 | -€251 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,279 | €10,279 | = | 0.0% |
| Other operating charges | 640/8 | €782 | €778 | -€3 | -0.4% |
| Gross operating margin | 9900 | €90,554 | €92,766 | +€2,212 | +2.4% |
| Operating profit (loss) | 9901 | €78,545 | €81,012 | +€2,467 | +3.1% |
| Financial income | 75/76B | €1,574 | €26,003 | +€24,429 | +1552.5% |
| Recurring financial income | 75 | €1,574 | €26,003 | +€24,429 | +1552.5% |
| Financial charges | 65/66B | €845 | €5,849 | +€5,005 | +592.5% |
| Recurring financial charges | 65 | €845 | €5,849 | +€5,005 | +592.5% |
| Profit (loss) for the period before taxes | 9903 | €79,274 | €101,165 | +€21,891 | +27.6% |
| Income taxes | 67/77 | €16,366 | €27,517 | +€11,151 | +68.1% |
| Profit (loss) for the period | 9904 | €62,908 | €73,648 | +€10,740 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,908 | €73,648 | +€10,740 | +17.1% |
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 8 October 2026 via checked.be.