BUROP: 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.
BUROP
Largest movements
- Cash -€18,115
down €18,115 (-20.2%), from €89,516 to €71,401
mainly Investment in fixed assets (net) (-€20,681) and Debts after one year (-€20,495)
- Receivables within one year +€8,054
up €8,054 (+60.5%), from €13,304 to €21,358
of which Trade receivables: +€8,054
- Debts after one year -€20,495
down €20,495 (-55.8%), from €36,739 to €16,244
of which Financial debts: -€20,495
- Current portion of long-term debt -€12,972
down €12,972 (-31.0%), from €41,867 to €28,895
- Trade debts +€12,909
up €12,909 (+370.1%), from €3,488 to €16,397
- Profit (loss) carried forward +€11,185
up €11,185 (+10.1%), from -€110,360 to -€99,175
- Gross operating margin +€19,550
up €19,550 (+70.9%), from €27,584 to €47,134
- Depreciation +€640
up €640 (+3.1%), from €20,932 to €21,573
- Financial charges -€588
down €588 (-20.5%), from €2,869 to €2,280
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 | €682,778 | €673,400 | -€9,378 | -1.4% |
| Fixed assets | 21/28 | €575,114 | €574,223 | -€891 | -0.2% |
| Tangible fixed assets | 22/27 | €575,113 | €574,222 | -€891 | -0.2% |
| Land and buildings | 22 | €523,722 | €521,347 | -€2,375 | -0.5% |
| Plant, machinery and equipment | 23 | €50,771 | €48,125 | -€2,646 | -5.2% |
| Furniture and vehicles | 24 | €620 | €4,750 | +€4,130 | +666.2% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €107,664 | €99,177 | -€8,487 | -7.9% |
| Amounts receivable within one year | 40/41 | €13,304 | €21,358 | +€8,054 | +60.5% |
| Trade receivables | 40 | €13,253 | €21,306 | +€8,054 | +60.8% |
| Other amounts receivable | 41 | €51 | €51 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,516 | €71,401 | -€18,115 | -20.2% |
| Deferred charges and accrued income | 490/1 | €4,844 | €6,419 | +€1,575 | +32.5% |
| Total equity and liabilities | 10/49 | €682,778 | €673,400 | -€9,378 | -1.4% |
| Equity | 10/15 | €600,452 | €611,637 | +€11,185 | +1.9% |
| Contributions | 10/11 | €235,500 | €235,500 | = | 0.0% |
| Capital | 10 | €235,500 | €235,500 | = | 0.0% |
| Issued capital | 100 | €235,500 | €235,500 | = | 0.0% |
| Reserves | 13 | €475,311 | €475,311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,530 | €43,530 | = | 0.0% |
| Legal reserve | 130 | €43,530 | €43,530 | = | 0.0% |
| Distributable reserves | 133 | €431,781 | €431,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,360 | -€99,175 | +€11,185 | +10.1% |
| Amounts payable | 17/49 | €82,327 | €61,764 | -€20,563 | -25.0% |
| Amounts payable after more than one year | 17 | €36,739 | €16,244 | -€20,495 | -55.8% |
| Financial debts | 170/4 | €34,239 | €13,744 | -€20,495 | -59.9% |
| Other amounts payable | 178/9 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,588 | €45,520 | -€68 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €41,867 | €28,895 | -€12,972 | -31.0% |
| Trade debts | 44 | €3,488 | €16,397 | +€12,909 | +370.1% |
| Suppliers | 440/4 | €3,488 | €16,397 | +€12,909 | +370.1% |
| Taxes, remuneration and social security | 45 | €175 | €170 | -€5 | -2.9% |
| Taxes | 450/3 | €175 | €170 | -€5 | -2.9% |
| Other amounts payable | 47/48 | €58 | €58 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,932 | €21,573 | +€640 | +3.1% |
| Other operating charges | 640/8 | €11,628 | €11,927 | +€300 | +2.6% |
| Gross operating margin | 9900 | €27,584 | €47,134 | +€19,550 | +70.9% |
| Operating profit (loss) | 9901 | -€4,976 | €13,633 | +€18,610 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,869 | €2,280 | -€588 | -20.5% |
| Recurring financial charges | 65 | €2,869 | €2,280 | -€588 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,845 | €11,354 | +€19,199 | |
| Income taxes | 67/77 | €175 | €169 | -€6 | -3.2% |
| Profit (loss) for the period | 9904 | -€8,020 | €11,185 | +€19,205 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,020 | €11,185 | +€19,205 |
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 4 October 2026 via checked.be.