BURST: 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.
BURST
Largest movements
- Tangible fixed assets +€46,698
up €46,698 (+363%), from €12,853 to €59,551
of which Furniture and vehicles: +€29,773
- Cash -€24,998
down €24,998 (-91.3%), from €27,384 to €2,386
mainly Net result for the year (-€66,920) and Investment in fixed assets (net) (-€57,488)
- Receivables within one year -€9,187
down €9,187 (-66.1%), from €13,901 to €4,714
of which Trade receivables: -€9,249
- Debts after one year +€90,000
new in 2025: €90,000
- Reserves -€34,372
down €34,372 (-100%), from €34,372 to €0
- Profit (loss) carried forward -€32,548
new in 2025: -€32,548
- Tax, wage and social debts -€10,628
down €10,628 (-89.9%), from €11,828 to €1,200
of which Taxes: -€8,028
- Other debts -€2,055
down €2,055 (-41.1%), from €4,998 to €2,943
- Gross operating margin -€69,275
down €69,275, from €15,114 to -€54,160
- Depreciation +€7,565
up €7,565 (+235%), from €3,225 to €10,790
- Taxes -€3,567
down €3,567 (-96.4%), from €3,699 to €132
- Other operating charges +€797
up €797 (+88.3%), from €903 to €1,701
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 | €55,952 | €68,147 | +€12,195 | +21.8% |
| Fixed assets | 21/28 | €12,853 | €59,551 | +€46,698 | +363% |
| Tangible fixed assets | 22/27 | €12,853 | €59,551 | +€46,698 | +363% |
| Plant, machinery and equipment | 23 | €8,312 | €25,237 | +€16,925 | +204% |
| Furniture and vehicles | 24 | €4,541 | €34,314 | +€29,773 | +656% |
| Current assets | 29/58 | €43,099 | €8,596 | -€34,503 | -80.1% |
| Amounts receivable within one year | 40/41 | €13,901 | €4,714 | -€9,187 | -66.1% |
| Trade receivables | 40 | €12,600 | €3,351 | -€9,249 | -73.4% |
| Other amounts receivable | 41 | €1,301 | €1,363 | +€62 | +4.8% |
| Cash at bank and in hand | 54/58 | €27,384 | €2,386 | -€24,998 | -91.3% |
| Deferred charges and accrued income | 490/1 | €1,814 | €1,495 | -€318 | -17.5% |
| Total equity and liabilities | 10/49 | €55,952 | €68,147 | +€12,195 | +21.8% |
| Equity | 10/15 | €34,472 | -€32,448 | -€66,920 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €34,372 | €0 | -€34,372 | -100% |
| Distributable reserves | 133 | €34,372 | €0 | -€34,372 | -100% |
| Profit (loss) carried forward | 14 | - | -€32,548 | -€32,548 | |
| Amounts payable | 17/49 | €21,480 | €100,595 | +€79,115 | +368% |
| Amounts payable after more than one year | 17 | - | €90,000 | +€90,000 | |
| Other amounts payable | 178/9 | - | €90,000 | +€90,000 | |
| Amounts payable within one year | 42/48 | €21,480 | €10,183 | -€11,297 | -52.6% |
| Trade debts | 44 | €4,654 | €6,040 | +€1,387 | +29.8% |
| Suppliers | 440/4 | €4,654 | €6,040 | +€1,387 | +29.8% |
| Taxes, remuneration and social security | 45 | €11,828 | €1,200 | -€10,628 | -89.9% |
| Taxes | 450/3 | €9,228 | €1,200 | -€8,028 | -87.0% |
| Remuneration and social security | 454/9 | €2,600 | €0 | -€2,600 | -100% |
| Other amounts payable | 47/48 | €4,998 | €2,943 | -€2,055 | -41.1% |
| Accrued charges and deferred income | 492/3 | €0 | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,225 | €10,790 | +€7,565 | +235% |
| Other operating charges | 640/8 | €903 | €1,701 | +€797 | +88.3% |
| Gross operating margin | 9900 | €15,114 | -€54,160 | -€69,275 | |
| Operating profit (loss) | 9901 | €10,986 | -€66,651 | -€77,637 | |
| Financial income | 75/76B | €0 | €305 | +€305 | +609,900% |
| Recurring financial income | 75 | €0 | €305 | +€305 | +609,900% |
| Financial charges | 65/66B | €586 | €442 | -€143 | -24.5% |
| Recurring financial charges | 65 | €586 | €442 | -€143 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €10,400 | -€66,788 | -€77,188 | |
| Income taxes | 67/77 | €3,699 | €132 | -€3,567 | -96.4% |
| Profit (loss) for the period | 9904 | €6,701 | -€66,920 | -€73,621 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,701 | -€66,920 | -€73,621 |
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 14 October 2026 via checked.be.