BURT: 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.
BURT
Largest movements
- Cash +€63,070
up €63,070 (+213%), from €29,646 to €92,716
mainly Other debts (+€61,678) and Net result for the year (+€40,165)
- Stocks and contracts -€23,898
down €23,898 (-11.2%), from €214,152 to €190,253
- Receivables within one year -€7,253
down €7,253 (-88.6%), from €8,191 to €938
of which Other amounts receivable: -€6,297
- Other debts +€61,678
up €61,678 (+642%), from €9,604 to €71,282
- Reserves -€29,579
down €29,579 (-14.1%), from €209,180 to €179,601
- Trade debts -€15,130
down €15,130 (-68.1%), from €22,215 to €7,085
- Tax, wage and social debts +€13,056
up €13,056 (+113%), from €11,603 to €24,659
of which Taxes: +€9,021
- Gross operating margin +€40,339
up €40,339 (+62.6%), from €64,440 to €104,779
- Taxes +€9,874
up €9,874 (+108%), from €9,172 to €19,045
- Staff costs +€9,083
up €9,083 (+23.9%), from €37,972 to €47,055
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,802 | €288,979 | +€30,176 | +11.7% |
| Fixed assets | 21/28 | €5,322 | €3,443 | -€1,878 | -35.3% |
| Tangible fixed assets | 22/27 | €5,322 | €3,443 | -€1,878 | -35.3% |
| Furniture and vehicles | 24 | €5,322 | €3,443 | -€1,878 | -35.3% |
| Current assets | 29/58 | €253,481 | €285,535 | +€32,055 | +12.6% |
| Stocks and contracts in progress | 3 | €214,152 | €190,253 | -€23,898 | -11.2% |
| Stocks | 30/36 | €214,152 | €190,253 | -€23,898 | -11.2% |
| Amounts receivable within one year | 40/41 | €8,191 | €938 | -€7,253 | -88.6% |
| Trade receivables | 40 | €1,894 | €938 | -€956 | -50.5% |
| Other amounts receivable | 41 | €6,297 | €0 | -€6,297 | -100% |
| Cash at bank and in hand | 54/58 | €29,646 | €92,716 | +€63,070 | +213% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,629 | +€136 | +9.1% |
| Total equity and liabilities | 10/49 | €258,802 | €288,979 | +€30,176 | +11.7% |
| Equity | 10/15 | €215,380 | €185,801 | -€29,579 | -13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €209,180 | €179,601 | -€29,579 | -14.1% |
| Distributable reserves | 133 | €209,180 | €179,601 | -€29,579 | -14.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €43,422 | €103,177 | +€59,755 | +138% |
| Amounts payable within one year | 42/48 | €43,422 | €103,026 | +€59,604 | +137% |
| Trade debts | 44 | €22,215 | €7,085 | -€15,130 | -68.1% |
| Suppliers | 440/4 | €22,215 | €7,085 | -€15,130 | -68.1% |
| Taxes, remuneration and social security | 45 | €11,603 | €24,659 | +€13,056 | +113% |
| Taxes | 450/3 | €4,359 | €13,380 | +€9,021 | +207% |
| Remuneration and social security | 454/9 | €7,244 | €11,279 | +€4,035 | +55.7% |
| Other amounts payable | 47/48 | €9,604 | €71,282 | +€61,678 | +642% |
| Accrued charges and deferred income | 492/3 | - | €151 | +€151 | |
| Remuneration, social security and pensions | 62 | €37,972 | €47,055 | +€9,083 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,879 | €1,878 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,944 | €2,863 | +€919 | +47.3% |
| Gross operating margin | 9900 | €64,440 | €104,779 | +€40,339 | +62.6% |
| Operating profit (loss) | 9901 | €22,645 | €52,983 | +€30,337 | +134% |
| Financial income | 75/76B | €9,002 | €8,662 | -€340 | -3.8% |
| Recurring financial income | 75 | €9,002 | €8,662 | -€340 | -3.8% |
| Financial charges | 65/66B | €2,236 | €2,435 | +€200 | +8.9% |
| Recurring financial charges | 65 | €2,236 | €2,435 | +€200 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €29,412 | €59,210 | +€29,798 | +101% |
| Income taxes | 67/77 | €9,172 | €19,045 | +€9,874 | +108% |
| Profit (loss) for the period | 9904 | €20,241 | €40,165 | +€19,924 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,241 | €40,165 | +€19,924 | +98.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.