BURODEK: 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.
BURODEK
Largest movements
- Receivables within one year +€474,082
up €474,082 (+360.2%), from €131,603 to €605,685
of which Trade receivables: +€489,171
- Tangible fixed assets +€150,843
up €150,843 (+8.2%), from €1.8m to €2.0m
of which Assets under construction and advance payments: +€400,000
- Cash -€100,080
down €100,080 (-56.1%), from €178,547 to €78,467
mainly Other debts (-€630,028) and Receivables within one year (-€474,082)
- Trade debts +€697,244
up €697,244 (+657.4%), from €106,054 to €803,298
- Other debts -€630,028
down €630,028 (-90.0%), from €700,000 to €69,972
- Debts after one year +€427,625
up €427,625 (+59.7%), from €716,625 to €1.1m
- Gross operating margin +€99,670
up €99,670 (+162.4%), from €61,369 to €161,039
- Financial charges +€23,077
up €23,077 (+172.3%), from €13,396 to €36,473
- Taxes +€18,661
up €18,661 (+281.7%), from €6,624 to €25,285
- Other operating charges +€12,949
up €12,949 (+88.0%), from €14,721 to €27,669
- Depreciation -€5,483
down €5,483 (-35.3%), from €15,542 to €10,058
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 | €2,142,718 | €2,667,359 | +€524,642 | +24.5% |
| Fixed assets | 21/28 | €1,829,017 | €1,979,860 | +€150,843 | +8.2% |
| Tangible fixed assets | 22/27 | €1,829,017 | €1,979,860 | +€150,843 | +8.2% |
| Land and buildings | 22 | €1,239,084 | €999,986 | -€239,098 | -19.3% |
| Leasing and similar rights | 25 | €1,265 | - | -€1,265 | |
| Other tangible fixed assets | 26 | €488,669 | €479,875 | -€8,794 | -1.8% |
| Assets under construction and advance payments | 27 | €100,000 | €500,000 | +€400,000 | +400.0% |
| Current assets | 29/58 | €313,701 | €687,499 | +€373,798 | +119.2% |
| Amounts receivable within one year | 40/41 | €131,603 | €605,685 | +€474,082 | +360.2% |
| Trade receivables | 40 | €43,318 | €532,489 | +€489,171 | +1129.3% |
| Other amounts receivable | 41 | €88,285 | €73,196 | -€15,089 | -17.1% |
| Current investments | 50/53 | €2,568 | €2,568 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €178,547 | €78,467 | -€100,080 | -56.1% |
| Deferred charges and accrued income | 490/1 | €983 | €779 | -€204 | -20.7% |
| Total equity and liabilities | 10/49 | €2,142,718 | €2,667,359 | +€524,642 | +24.5% |
| Equity | 10/15 | €619,374 | €607,272 | -€12,102 | -2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €161,626 | €149,524 | -€12,102 | -7.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €155,426 | €143,324 | -€12,102 | -7.8% |
| Profit (loss) carried forward | 14 | €395,748 | €395,748 | = | 0.0% |
| Amounts payable | 17/49 | €1,523,344 | €2,060,088 | +€536,744 | +35.2% |
| Amounts payable after more than one year | 17 | €716,625 | €1,144,250 | +€427,625 | +59.7% |
| Financial debts | 170/4 | €716,625 | €1,144,250 | +€427,625 | +59.7% |
| Amounts payable within one year | 42/48 | €806,719 | €891,385 | +€84,667 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €665 | €665 | = | 0.0% |
| Trade debts | 44 | €106,054 | €803,298 | +€697,244 | +657.4% |
| Suppliers | 440/4 | €106,054 | €803,298 | +€697,244 | +657.4% |
| Taxes, remuneration and social security | 45 | - | €17,451 | +€17,451 | |
| Taxes | 450/3 | - | €17,451 | +€17,451 | |
| Other amounts payable | 47/48 | €700,000 | €69,972 | -€630,028 | -90.0% |
| Accrued charges and deferred income | 492/3 | - | €24,452 | +€24,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,542 | €10,058 | -€5,483 | -35.3% |
| Other operating charges | 640/8 | €14,721 | €27,669 | +€12,949 | +88.0% |
| Gross operating margin | 9900 | €61,369 | €161,039 | +€99,670 | +162.4% |
| Operating profit (loss) | 9901 | €31,107 | €123,311 | +€92,204 | +296.4% |
| Financial charges | 65/66B | €13,396 | €36,473 | +€23,077 | +172.3% |
| Recurring financial charges | 65 | €13,396 | €36,473 | +€23,077 | +172.3% |
| Profit (loss) for the period before taxes | 9903 | €17,710 | €86,838 | +€69,127 | +390.3% |
| Income taxes | 67/77 | €6,624 | €25,285 | +€18,661 | +281.7% |
| Profit (loss) for the period | 9904 | €11,086 | €61,553 | +€50,466 | +455.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,086 | €61,553 | +€50,466 | +455.2% |
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 10 October 2026 via checked.be.