BURTOS: 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.
BURTOS
Largest movements
- Cash +€5,041
up €5,041 (+5.8%), from €87,636 to €92,677
mainly Net result for the year (+€4,113) and Other debts (+€1,567)
- Receivables within one year +€2,460
up €2,460 (+26.9%), from €9,130 to €11,589
- Reserves +€4,113
up €4,113 (+6.0%), from €68,326 to €72,439
of which Distributable reserves: +€4,113
- Other debts +€1,567
up €1,567 (+33.3%), from €4,709 to €6,276
- Depreciation -€404
down €404 (-45.6%), from €888 to €483
- Other operating charges +€117
up €117 (+11.6%), from €1,009 to €1,126
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 | €98,965 | €105,855 | +€6,889 | +7.0% |
| Fixed assets | 21/28 | €1,004 | €467 | -€537 | -53.5% |
| Tangible fixed assets | 22/27 | €1,004 | €467 | -€537 | -53.5% |
| Plant, machinery and equipment | 23 | €1,004 | €467 | -€537 | -53.5% |
| Current assets | 29/58 | €97,962 | €105,387 | +€7,426 | +7.6% |
| Amounts receivable within one year | 40/41 | €9,130 | €11,589 | +€2,460 | +26.9% |
| Trade receivables | 40 | €9,130 | €11,589 | +€2,460 | +26.9% |
| Cash at bank and in hand | 54/58 | €87,636 | €92,677 | +€5,041 | +5.8% |
| Deferred charges and accrued income | 490/1 | €1,196 | €1,121 | -€74 | -6.2% |
| Total equity and liabilities | 10/49 | €98,965 | €105,855 | +€6,889 | +7.0% |
| Equity | 10/15 | €86,926 | €91,039 | +€4,113 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,326 | €72,439 | +€4,113 | +6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €66,466 | €70,579 | +€4,113 | +6.2% |
| Amounts payable | 17/49 | €12,040 | €14,815 | +€2,776 | +23.1% |
| Amounts payable within one year | 42/48 | €12,040 | €13,815 | +€1,776 | +14.8% |
| Trade debts | 44 | €613 | €254 | -€359 | -58.5% |
| Suppliers | 440/4 | €613 | €254 | -€359 | -58.5% |
| Taxes, remuneration and social security | 45 | €6,718 | €7,285 | +€568 | +8.4% |
| Taxes | 450/3 | €6,718 | €7,285 | +€568 | +8.4% |
| Other amounts payable | 47/48 | €4,709 | €6,276 | +€1,567 | +33.3% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | - | €1,782 | +€1,782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €888 | €483 | -€404 | -45.6% |
| Other operating charges | 640/8 | €1,009 | €1,126 | +€117 | +11.6% |
| Gross operating margin | 9900 | €8,600 | €8,623 | +€23 | +0.3% |
| Operating profit (loss) | 9901 | €6,703 | €7,014 | +€311 | +4.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €180 | €160 | -€21 | -11.6% |
| Recurring financial charges | 65 | €180 | €160 | -€21 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €6,524 | €6,854 | +€330 | +5.1% |
| Income taxes | 67/77 | €2,712 | €2,741 | +€28 | +1.1% |
| Profit (loss) for the period | 9904 | €3,812 | €4,113 | +€302 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,812 | €4,113 | +€302 | +7.9% |
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 3 October 2026 via checked.be.