BUROVEX: 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.
BUROVEX
Largest movements
- Tangible fixed assets -€40,072
down €40,072 (-17.5%), from €229,363 to €189,291
- Cash -€4,491
down €4,491 (-15.0%), from €29,914 to €25,423
mainly Net result for the year (-€30,633) and Debts after one year (-€13,609)
- Profit (loss) carried forward -€30,633
down €30,633 (-28.0%), from -€109,523 to -€140,156
- Debts after one year -€13,609
down €13,609 (-29.7%), from €45,751 to €32,143
- Short-term financial debts -€5,190
down €5,190 (-100%), from €5,190 to €0
- Trade debts +€3,421
up €3,421 (+39.8%), from €8,586 to €12,006
- Gross operating margin +€9,142
up €9,142 (+35.5%), from €25,723 to €34,865
- Staff costs +€4,749
up €4,749 (+46.3%), from €10,259 to €15,008
- Other operating charges -€1,341
down €1,341 (-53.3%), from €2,517 to €1,176
- Depreciation +€834
up €834 (+1.8%), from €45,452 to €46,285
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 | €269,862 | €225,606 | -€44,256 | -16.4% |
| Fixed assets | 21/28 | €229,836 | €189,291 | -€40,544 | -17.6% |
| Intangible fixed assets | 21 | €472 | €0 | -€472 | -100% |
| Tangible fixed assets | 22/27 | €229,363 | €189,291 | -€40,072 | -17.5% |
| Plant, machinery and equipment | 23 | €40,687 | €26,646 | -€14,041 | -34.5% |
| Furniture and vehicles | 24 | €58,709 | €43,694 | -€15,016 | -25.6% |
| Leasing and similar rights | 25 | €6,856 | €4,436 | -€2,420 | -35.3% |
| Other tangible fixed assets | 26 | €123,111 | €114,517 | -€8,594 | -7.0% |
| Current assets | 29/58 | €40,026 | €36,314 | -€3,712 | -9.3% |
| Stocks and contracts in progress | 3 | €6,579 | €7,962 | +€1,383 | +21.0% |
| Stocks | 30/36 | €6,579 | €7,962 | +€1,383 | +21.0% |
| Amounts receivable within one year | 40/41 | €2,870 | €2,130 | -€740 | -25.8% |
| Trade receivables | 40 | €2,605 | €2,130 | -€475 | -18.2% |
| Other amounts receivable | 41 | €265 | €0 | -€265 | -100% |
| Cash at bank and in hand | 54/58 | €29,914 | €25,423 | -€4,491 | -15.0% |
| Deferred charges and accrued income | 490/1 | €665 | €800 | +€136 | +20.4% |
| Total equity and liabilities | 10/49 | €269,862 | €225,606 | -€44,256 | -16.4% |
| Equity | 10/15 | -€90,973 | -€121,606 | -€30,633 | -33.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,523 | -€140,156 | -€30,633 | -28.0% |
| Amounts payable | 17/49 | €360,836 | €347,212 | -€13,623 | -3.8% |
| Amounts payable after more than one year | 17 | €45,751 | €32,143 | -€13,609 | -29.7% |
| Financial debts | 170/4 | €45,751 | €32,143 | -€13,609 | -29.7% |
| Amounts payable within one year | 42/48 | €314,683 | €314,581 | -€102 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €12,846 | €13,609 | +€762 | +5.9% |
| Financial debts | 43 | €5,190 | €0 | -€5,190 | -100% |
| Credit institutions | 430/8 | €5,190 | €0 | -€5,190 | -100% |
| Trade debts | 44 | €8,586 | €12,006 | +€3,421 | +39.8% |
| Suppliers | 440/4 | €8,586 | €12,006 | +€3,421 | +39.8% |
| Taxes, remuneration and social security | 45 | €6,413 | €6,818 | +€405 | +6.3% |
| Taxes | 450/3 | €5,631 | €6,300 | +€669 | +11.9% |
| Remuneration and social security | 454/9 | €782 | €517 | -€264 | -33.8% |
| Other amounts payable | 47/48 | €281,649 | €282,148 | +€499 | +0.2% |
| Accrued charges and deferred income | 492/3 | €401 | €489 | +€88 | +21.9% |
| Non-recurring operating income | 76A | €0 | €2,645 | +€2,645 | |
| Remuneration, social security and pensions | 62 | €10,259 | €15,008 | +€4,749 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,452 | €46,285 | +€834 | +1.8% |
| Other operating charges | 640/8 | €2,517 | €1,176 | -€1,341 | -53.3% |
| Gross operating margin | 9900 | €25,723 | €34,865 | +€9,142 | +35.5% |
| Operating profit (loss) | 9901 | -€32,504 | -€27,604 | +€4,900 | +15.1% |
| Financial income | 75/76B | €79 | €12 | -€67 | -85.1% |
| Recurring financial income | 75 | €79 | €12 | -€67 | -85.1% |
| Financial charges | 65/66B | €2,933 | €3,040 | +€107 | +3.6% |
| Recurring financial charges | 65 | €2,933 | €3,040 | +€107 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,359 | -€30,633 | +€4,726 | +13.4% |
| Profit (loss) for the period | 9904 | -€35,359 | -€30,633 | +€4,726 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,359 | -€30,633 | +€4,726 | +13.4% |
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 15 October 2026 via checked.be.