BURO38: 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.
BURO38
Largest movements
- Cash -€35,316
down €35,316 (-17.4%), from €203,487 to €168,171
mainly Receivables within one year (-€25,056) and Contributions, distributions and other (-€24,860)
- Receivables within one year +€25,056
up €25,056 (+107.1%), from €23,402 to €48,458
of which Trade receivables: +€22,651
- Reserves -€9,225
down €9,225 (-4.7%), from €196,277 to €187,051
- Tax, wage and social debts -€3,639
down €3,639 (-25.6%), from €14,215 to €10,576
of which Remuneration and social security: -€2,867
- Trade debts +€3,594
up €3,594 (+73.2%), from €4,908 to €8,502
- Financial income -€43,311
down €43,311 (-98.0%), from €44,196 to €886
- Taxes -€14,637
down €14,637 (-67.3%), from €21,747 to €7,110
- Gross operating margin -€10,385
down €10,385 (-26.2%), from €39,688 to €29,302
- Financial charges -€1,149
down €1,149 (-35.0%), from €3,286 to €2,137
- Depreciation +€498
up €498 (+15.7%), from €3,163 to €3,661
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,373 | €246,528 | -€9,845 | -3.8% |
| Fixed assets | 21/28 | €8,181 | €6,720 | -€1,461 | -17.9% |
| Tangible fixed assets | 22/27 | €8,181 | €6,720 | -€1,461 | -17.9% |
| Land and buildings | 22 | €637 | €125 | -€512 | -80.4% |
| Plant, machinery and equipment | 23 | €1,557 | €1,199 | -€358 | -23.0% |
| Furniture and vehicles | 24 | €5,987 | €5,396 | -€591 | -9.9% |
| Current assets | 29/58 | €248,192 | €239,808 | -€8,384 | -3.4% |
| Amounts receivable within one year | 40/41 | €23,402 | €48,458 | +€25,056 | +107.1% |
| Trade receivables | 40 | €22,651 | €45,302 | +€22,651 | +100.0% |
| Other amounts receivable | 41 | €751 | €3,156 | +€2,404 | +320.0% |
| Current investments | 50/53 | €6,061 | €6,061 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €203,487 | €168,171 | -€35,316 | -17.4% |
| Deferred charges and accrued income | 490/1 | €15,242 | €17,119 | +€1,877 | +12.3% |
| Total equity and liabilities | 10/49 | €256,373 | €246,528 | -€9,845 | -3.8% |
| Equity | 10/15 | €197,277 | €188,051 | -€9,225 | -4.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €196,277 | €187,051 | -€9,225 | -4.7% |
| Distributable reserves | 133 | €196,277 | €187,051 | -€9,225 | -4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €39,399 | €39,399 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €39,399 | €39,399 | = | 0.0% |
| Pensions and similar obligations | 160 | €39,399 | €39,399 | = | 0.0% |
| Amounts payable | 17/49 | €19,697 | €19,078 | -€619 | -3.1% |
| Amounts payable within one year | 42/48 | €19,123 | €19,078 | -€45 | -0.2% |
| Trade debts | 44 | €4,908 | €8,502 | +€3,594 | +73.2% |
| Suppliers | 440/4 | €4,908 | €8,502 | +€3,594 | +73.2% |
| Taxes, remuneration and social security | 45 | €14,215 | €10,576 | -€3,639 | -25.6% |
| Taxes | 450/3 | €11,183 | €10,411 | -€772 | -6.9% |
| Remuneration and social security | 454/9 | €3,032 | €165 | -€2,867 | -94.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €574 | €0 | -€574 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,163 | €3,661 | +€498 | +15.7% |
| Other operating charges | 640/8 | €1,513 | €1,646 | +€133 | +8.8% |
| Gross operating margin | 9900 | €39,688 | €29,302 | -€10,385 | -26.2% |
| Operating profit (loss) | 9901 | €35,012 | €23,995 | -€11,016 | -31.5% |
| Financial income | 75/76B | €44,196 | €886 | -€43,311 | -98.0% |
| Recurring financial income | 75 | €44,196 | €886 | -€43,311 | -98.0% |
| Financial charges | 65/66B | €3,286 | €2,137 | -€1,149 | -35.0% |
| Recurring financial charges | 65 | €3,286 | €2,137 | -€1,149 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €75,922 | €22,744 | -€53,178 | -70.0% |
| Income taxes | 67/77 | €21,747 | €7,110 | -€14,637 | -67.3% |
| Profit (loss) for the period | 9904 | €54,175 | €15,634 | -€38,541 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,175 | €15,634 | -€38,541 | -71.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.