BUROGEST HOLDING: 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.
BUROGEST HOLDING
Largest movements
- Receivables within one year -€38,703
down €38,703 (-33.1%), from €116,940 to €78,237
of which Trade receivables: -€36,053
- Tangible fixed assets +€22,214
new in 2025: €22,214
of which Other tangible fixed assets: +€21,161
- Cash -€21,486
down €21,486 (-80.0%), from €26,868 to €5,382
mainly Other debts (-€35,000) and Debts after one year (-€30,470)
- Profit (loss) carried forward +€76,849
up €76,849 (+63.6%), from €120,855 to €197,704
- Other debts -€35,000
no longer reported in 2025 (was €35,000)
- Debts after one year -€30,470
down €30,470 (-15.1%), from €201,500 to €171,030
- Current portion of long-term debt -€28,566
down €28,566 (-91.6%), from €31,203 to €2,636
- Short-term financial debts -€23,000
no longer reported in 2025 (was €23,000)
- Gross operating margin -€38,982
down €38,982 (-24.7%), from €157,986 to €119,004
- Taxes -€8,256
down €8,256 (-21.7%), from €38,087 to €29,831
- Depreciation +€2,240
new in 2025: €2,240
- Financial charges -€1,871
down €1,871 (-19.4%), from €9,651 to €7,780
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 | €624,808 | €587,857 | -€36,951 | -5.9% |
| Fixed assets | 21/28 | €481,000 | €503,271 | +€22,271 | +4.6% |
| Tangible fixed assets | 22/27 | - | €22,214 | +€22,214 | |
| Furniture and vehicles | 24 | - | €1,053 | +€1,053 | |
| Other tangible fixed assets | 26 | - | €21,161 | +€21,161 | |
| Financial fixed assets | 28 | €481,000 | €481,057 | +€57 | 0.0% |
| Current assets | 29/58 | €143,808 | €84,586 | -€59,222 | -41.2% |
| Amounts receivable within one year | 40/41 | €116,940 | €78,237 | -€38,703 | -33.1% |
| Trade receivables | 40 | €55,013 | €18,960 | -€36,053 | -65.5% |
| Other amounts receivable | 41 | €61,927 | €59,277 | -€2,650 | -4.3% |
| Cash at bank and in hand | 54/58 | €26,868 | €5,382 | -€21,486 | -80.0% |
| Deferred charges and accrued income | 490/1 | - | €967 | +€967 | |
| Total equity and liabilities | 10/49 | €624,808 | €587,857 | -€36,951 | -5.9% |
| Equity | 10/15 | €273,040 | €349,889 | +€76,849 | +28.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €92,185 | €92,185 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €86,185 | €86,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,855 | €197,704 | +€76,849 | +63.6% |
| Amounts payable | 17/49 | €351,768 | €237,969 | -€113,800 | -32.4% |
| Amounts payable after more than one year | 17 | €201,500 | €171,030 | -€30,470 | -15.1% |
| Other amounts payable | 178/9 | €201,500 | €171,030 | -€30,470 | -15.1% |
| Amounts payable within one year | 42/48 | €143,216 | €53,802 | -€89,413 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | €31,203 | €2,636 | -€28,566 | -91.6% |
| Financial debts | 43 | €23,000 | - | -€23,000 | |
| Credit institutions | 430/8 | €23,000 | - | -€23,000 | |
| Trade debts | 44 | €3,233 | €5,746 | +€2,514 | +77.8% |
| Suppliers | 440/4 | €3,233 | €5,746 | +€2,514 | +77.8% |
| Taxes, remuneration and social security | 45 | €50,781 | €45,420 | -€5,360 | -10.6% |
| Taxes | 450/3 | €47,281 | €45,420 | -€1,860 | -3.9% |
| Remuneration and social security | 454/9 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €35,000 | - | -€35,000 | |
| Accrued charges and deferred income | 492/3 | €7,053 | €13,136 | +€6,083 | +86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,240 | +€2,240 | |
| Other operating charges | 640/8 | €2,074 | €2,304 | +€230 | +11.1% |
| Gross operating margin | 9900 | €157,986 | €119,004 | -€38,982 | -24.7% |
| Operating profit (loss) | 9901 | €155,912 | €114,459 | -€41,453 | -26.6% |
| Financial charges | 65/66B | €9,651 | €7,780 | -€1,871 | -19.4% |
| Recurring financial charges | 65 | €9,651 | €7,780 | -€1,871 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €146,261 | €106,680 | -€39,582 | -27.1% |
| Income taxes | 67/77 | €38,087 | €29,831 | -€8,256 | -21.7% |
| Profit (loss) for the period | 9904 | €108,174 | €76,849 | -€31,325 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,174 | €76,849 | -€31,325 | -29.0% |
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 20 October 2026 via checked.be.