BUROR: 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.
BUROR
Largest movements
- Receivables within one year +€165,643
up €165,643 (+46.5%), from €355,909 to €521,552
of which Trade receivables: +€129,167
- Tangible fixed assets +€142,094
up €142,094 (+129.0%), from €110,108 to €252,202
of which Other tangible fixed assets: +€123,929
- Cash -€74,555
down €74,555 (-49.8%), from €149,800 to €75,244
mainly Investment in fixed assets (net) (-€179,031) and Receivables within one year (-€165,643)
- Stocks and contracts +€49,456
up €49,456 (+38.5%), from €128,536 to €177,992
- Debts after one year +€180,350
up €180,350 (+357.4%), from €50,465 to €230,814
- Short-term financial debts -€125,005
down €125,005 (-91.8%), from €136,186 to €11,181
- Trade debts +€116,632
up €116,632 (+43.4%), from €268,645 to €385,277
- Other debts +€39,795
up €39,795 (+57.1%), from €69,714 to €109,509
- Reserves +€38,777
up €38,777 (+1876.2%), from €2,067 to €40,844
of which Distributable reserves: +€38,777
- Gross operating margin +€157,670
up €157,670 (+52.3%), from €301,739 to €459,408
- Depreciation +€19,987
up €19,987 (+117.9%), from €16,950 to €36,937
- Taxes +€18,654
up €18,654 (+248.9%), from €7,496 to €26,150
- Financial charges +€17,847
up €17,847 (+116.4%), from €15,333 to €33,180
- Staff costs +€12,625
up €12,625 (+6.3%), from €201,216 to €213,841
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 | €764,527 | €1,047,385 | +€282,858 | +37.0% |
| Fixed assets | 21/28 | €116,920 | €259,014 | +€142,094 | +121.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €110,108 | €252,202 | +€142,094 | +129.0% |
| Plant, machinery and equipment | 23 | €8,368 | €6,661 | -€1,708 | -20.4% |
| Furniture and vehicles | 24 | €32,732 | €82,284 | +€49,552 | +151.4% |
| Other tangible fixed assets | 26 | €39,328 | €163,257 | +€123,929 | +315.1% |
| Assets under construction and advance payments | 27 | €29,680 | €0 | -€29,680 | -100.0% |
| Financial fixed assets | 28 | €6,812 | €6,812 | = | 0.0% |
| Current assets | 29/58 | €647,607 | €788,371 | +€140,764 | +21.7% |
| Stocks and contracts in progress | 3 | €128,536 | €177,992 | +€49,456 | +38.5% |
| Stocks | 30/36 | €128,536 | €177,992 | +€49,456 | +38.5% |
| Amounts receivable within one year | 40/41 | €355,909 | €521,552 | +€165,643 | +46.5% |
| Trade receivables | 40 | €349,934 | €479,101 | +€129,167 | +36.9% |
| Other amounts receivable | 41 | €5,974 | €42,451 | +€36,476 | +610.5% |
| Cash at bank and in hand | 54/58 | €149,800 | €75,244 | -€74,555 | -49.8% |
| Deferred charges and accrued income | 490/1 | €13,363 | €13,583 | +€220 | +1.6% |
| Total equity and liabilities | 10/49 | €764,527 | €1,047,385 | +€282,858 | +37.0% |
| Equity | 10/15 | €140,501 | €197,706 | +€57,205 | +40.7% |
| Contributions | 10/11 | €8,440 | €8,440 | = | 0.0% |
| Reserves | 13 | €2,067 | €40,844 | +€38,777 | +1876.2% |
| Non-distributable reserves | 130/1 | €844 | €844 | = | 0.0% |
| Reserves not available under the articles | 1311 | €844 | €844 | = | 0.0% |
| Distributable reserves | 133 | €1,223 | €40,000 | +€38,777 | +3171.1% |
| Profit (loss) carried forward | 14 | €129,994 | €148,422 | +€18,428 | +14.2% |
| Amounts payable | 17/49 | €624,025 | €849,679 | +€225,653 | +36.2% |
| Amounts payable after more than one year | 17 | €50,465 | €230,814 | +€180,350 | +357.4% |
| Financial debts | 170/4 | €50,465 | €230,814 | +€180,350 | +357.4% |
| Amounts payable within one year | 42/48 | €573,311 | €618,614 | +€45,304 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €38,107 | €56,068 | +€17,961 | +47.1% |
| Financial debts | 43 | €136,186 | €11,181 | -€125,005 | -91.8% |
| Credit institutions | 430/8 | €136,186 | €11,181 | -€125,005 | -91.8% |
| Trade debts | 44 | €268,645 | €385,277 | +€116,632 | +43.4% |
| Suppliers | 440/4 | €268,645 | €385,277 | +€116,632 | +43.4% |
| Taxes, remuneration and social security | 45 | €60,659 | €56,580 | -€4,079 | -6.7% |
| Taxes | 450/3 | €25,628 | €12,227 | -€13,401 | -52.3% |
| Remuneration and social security | 454/9 | €35,032 | €44,353 | +€9,321 | +26.6% |
| Other amounts payable | 47/48 | €69,714 | €109,509 | +€39,795 | +57.1% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €201,216 | €213,841 | +€12,625 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,950 | €36,937 | +€19,987 | +117.9% |
| Other operating charges | 640/8 | €8,511 | €3,590 | -€4,920 | -57.8% |
| Gross operating margin | 9900 | €301,739 | €459,408 | +€157,670 | +52.3% |
| Operating profit (loss) | 9901 | €75,062 | €205,040 | +€129,978 | +173.2% |
| Financial income | 75/76B | €2,331 | €304 | -€2,027 | -87.0% |
| Recurring financial income | 75 | €2,331 | €304 | -€2,027 | -87.0% |
| Financial charges | 65/66B | €15,333 | €33,180 | +€17,847 | +116.4% |
| Recurring financial charges | 65 | €15,333 | €33,180 | +€17,847 | +116.4% |
| Profit (loss) for the period before taxes | 9903 | €62,060 | €172,164 | +€110,104 | +177.4% |
| Income taxes | 67/77 | €7,496 | €26,150 | +€18,654 | +248.9% |
| Profit (loss) for the period | 9904 | €54,564 | €146,014 | +€91,450 | +167.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,564 | €146,014 | +€91,450 | +167.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.