BURO STUDIO: 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 STUDIO
Largest movements
- Receivables after one year -€28,000
down €28,000 (-65.1%), from €43,000 to €15,000
- Cash -€23,593
down €23,593 (-82.7%), from €28,511 to €4,918
mainly Net result for the year (-€24,549) and Investment in fixed assets (net) (-€22,503)
- Tangible fixed assets +€10,393
up €10,393 (+16.2%), from €64,212 to €74,605
of which Other tangible fixed assets: +€14,800
- Stocks and contracts -€10,265
down €10,265 (-15.7%), from €65,187 to €54,921
- Receivables within one year -€6,674
down €6,674 (-16.6%), from €40,217 to €33,543
of which Trade receivables: -€5,651
- Reserves -€30,368
down €30,368 (-33.4%), from €90,886 to €60,518
- Other debts -€9,508
down €9,508 (-93.3%), from €10,186 to €678
- Debts after one year -€9,057
down €9,057 (-18.6%), from €48,733 to €39,677
- Tax, wage and social debts -€5,765
down €5,765 (-56.5%), from €10,197 to €4,432
- Profit (loss) carried forward -€3,181
down €3,181, from €0 to -€3,181
- Gross operating margin -€25,317
down €25,317, from €16,108 to -€9,210
- Depreciation +€4,322
up €4,322 (+62.1%), from €6,965 to €11,287
- Financial charges -€2,196
down €2,196 (-30.5%), from €7,192 to €4,997
- Financial income +€1,096
up €1,096 (+121%), from €906 to €2,002
- Taxes -€834
down €834 (-100%), from €834 to €0
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 | €246,098 | €188,165 | -€57,934 | -23.5% |
| Fixed assets | 21/28 | €66,577 | €77,794 | +€11,217 | +16.8% |
| Intangible fixed assets | 21 | €1,193 | €2,017 | +€824 | +69.0% |
| Tangible fixed assets | 22/27 | €64,212 | €74,605 | +€10,393 | +16.2% |
| Land and buildings | 22 | €17,904 | €14,575 | -€3,329 | -18.6% |
| Furniture and vehicles | 24 | €2,266 | €1,188 | -€1,078 | -47.6% |
| Other tangible fixed assets | 26 | €44,043 | €58,842 | +€14,800 | +33.6% |
| Financial fixed assets | 28 | €1,172 | €1,172 | = | 0.0% |
| Current assets | 29/58 | €179,521 | €110,371 | -€69,150 | -38.5% |
| Amounts receivable after more than one year | 29 | €43,000 | €15,000 | -€28,000 | -65.1% |
| Other amounts receivable | 291 | €43,000 | €15,000 | -€28,000 | -65.1% |
| Stocks and contracts in progress | 3 | €65,187 | €54,921 | -€10,265 | -15.7% |
| Stocks | 30/36 | €65,187 | €54,921 | -€10,265 | -15.7% |
| Amounts receivable within one year | 40/41 | €40,217 | €33,543 | -€6,674 | -16.6% |
| Trade receivables | 40 | €39,194 | €33,543 | -€5,651 | -14.4% |
| Other amounts receivable | 41 | €1,023 | €0 | -€1,023 | -100% |
| Cash at bank and in hand | 54/58 | €28,511 | €4,918 | -€23,593 | -82.7% |
| Deferred charges and accrued income | 490/1 | €2,606 | €1,988 | -€618 | -23.7% |
| Total equity and liabilities | 10/49 | €246,098 | €188,165 | -€57,934 | -23.5% |
| Equity | 10/15 | €120,358 | €86,809 | -€33,549 | -27.9% |
| Contributions | 10/11 | €29,472 | €29,472 | = | 0.0% |
| Reserves | 13 | €90,886 | €60,518 | -€30,368 | -33.4% |
| Distributable reserves | 133 | €90,886 | €60,518 | -€30,368 | -33.4% |
| Profit (loss) carried forward | 14 | €0 | -€3,181 | -€3,181 | |
| Amounts payable | 17/49 | €125,740 | €101,356 | -€24,384 | -19.4% |
| Amounts payable after more than one year | 17 | €48,733 | €39,677 | -€9,057 | -18.6% |
| Financial debts | 170/4 | €48,733 | €39,677 | -€9,057 | -18.6% |
| Amounts payable within one year | 42/48 | €77,007 | €61,679 | -€15,328 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €5,659 | €4,395 | -€1,265 | -22.3% |
| Financial debts | 43 | €39,000 | €39,000 | = | 0.0% |
| Credit institutions | 430/8 | €39,000 | €39,000 | = | 0.0% |
| Trade debts | 44 | €11,965 | €13,175 | +€1,210 | +10.1% |
| Suppliers | 440/4 | €11,965 | €13,175 | +€1,210 | +10.1% |
| Taxes, remuneration and social security | 45 | €10,197 | €4,432 | -€5,765 | -56.5% |
| Taxes | 450/3 | €10,197 | €4,432 | -€5,765 | -56.5% |
| Other amounts payable | 47/48 | €10,186 | €678 | -€9,508 | -93.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,965 | €11,287 | +€4,322 | +62.1% |
| Other operating charges | 640/8 | €994 | €1,058 | +€64 | +6.4% |
| Gross operating margin | 9900 | €16,108 | -€9,210 | -€25,317 | |
| Operating profit (loss) | 9901 | €8,148 | -€21,555 | -€29,703 | |
| Financial income | 75/76B | €906 | €2,002 | +€1,096 | +121% |
| Recurring financial income | 75 | €906 | €2,002 | +€1,096 | +121% |
| Financial charges | 65/66B | €7,192 | €4,997 | -€2,196 | -30.5% |
| Recurring financial charges | 65 | €7,192 | €4,997 | -€2,196 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €1,862 | -€24,549 | -€26,412 | |
| Income taxes | 67/77 | €834 | €0 | -€834 | -100% |
| Profit (loss) for the period | 9904 | €1,028 | -€24,549 | -€25,577 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,028 | -€24,549 | -€25,577 |
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 25 October 2026 via checked.be.