BURVAN: 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.
BURVAN
Largest movements
- Current investments -€770,822
down €770,822 (-33.1%), from €2.3m to €1.6m
- Cash +€742,591
up €742,591 (+2285.6%), from €32,490 to €775,081
mainly Current investments (+€770,822) and Net result for the year (+€216,212)
- Receivables within one year -€132,409
down €132,409 (-53.2%), from €248,660 to €116,251
- Reserves -€269,947
down €269,947 (-9.8%), from €2.8m to €2.5m
- Tax, wage and social debts +€97,080
up €97,080 (+501.5%), from €19,358 to €116,438
- Financial income +€328,721
up €328,721 (+556.1%), from €59,112 to €387,833
- Taxes +€111,609
up €111,609 (+766.1%), from €14,569 to €126,179
- Financial charges +€10,884
up €10,884 (+34.9%), from €31,207 to €42,091
- Gross operating margin -€1,180
down €1,180 (-113.1%), from -€1,044 to -€2,224
- Other operating charges +€33
up €33 (+3.0%), from €1,094 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 | €4,052,646 | €3,890,216 | -€162,430 | -4.0% |
| Fixed assets | 21/28 | €1,431,415 | €1,431,415 | = | 0.0% |
| Financial fixed assets | 28 | €1,431,415 | €1,431,415 | = | 0.0% |
| Current assets | 29/58 | €2,621,231 | €2,458,801 | -€162,430 | -6.2% |
| Amounts receivable within one year | 40/41 | €248,660 | €116,251 | -€132,409 | -53.2% |
| Other amounts receivable | 41 | €248,660 | €116,251 | -€132,409 | -53.2% |
| Current investments | 50/53 | €2,330,839 | €1,560,017 | -€770,822 | -33.1% |
| Cash at bank and in hand | 54/58 | €32,490 | €775,081 | +€742,591 | +2285.6% |
| Deferred charges and accrued income | 490/1 | €9,242 | €7,453 | -€1,789 | -19.4% |
| Total equity and liabilities | 10/49 | €4,052,646 | €3,890,216 | -€162,430 | -4.0% |
| Equity | 10/15 | €4,031,613 | €3,761,666 | -€269,947 | -6.7% |
| Contributions | 10/11 | €1,431,415 | €1,431,415 | = | 0.0% |
| Reserves | 13 | €2,753,885 | €2,483,938 | -€269,947 | -9.8% |
| Distributable reserves | 133 | €2,753,885 | €2,483,938 | -€269,947 | -9.8% |
| Profit (loss) carried forward | 14 | -€153,688 | -€153,688 | = | 0.0% |
| Amounts payable | 17/49 | €21,034 | €128,551 | +€107,517 | +511.2% |
| Amounts payable within one year | 42/48 | €21,034 | €128,551 | +€107,517 | +511.2% |
| Trade debts | 44 | €1,376 | €398 | -€978 | -71.1% |
| Suppliers | 440/4 | €1,376 | €398 | -€978 | -71.1% |
| Taxes, remuneration and social security | 45 | €19,358 | €116,438 | +€97,080 | +501.5% |
| Taxes | 450/3 | €19,358 | €116,438 | +€97,080 | +501.5% |
| Other amounts payable | 47/48 | €300 | €11,715 | +€11,415 | +3805.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€1,044 | -€2,224 | -€1,180 | -113.1% |
| Operating profit (loss) | 9901 | -€2,137 | -€3,351 | -€1,213 | -56.8% |
| Financial income | 75/76B | €59,112 | €387,833 | +€328,721 | +556.1% |
| Recurring financial income | 75 | €59,112 | €387,833 | +€328,721 | +556.1% |
| Financial charges | 65/66B | €31,207 | €42,091 | +€10,884 | +34.9% |
| Recurring financial charges | 65 | €31,207 | €42,091 | +€10,884 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €25,767 | €342,391 | +€316,624 | +1228.8% |
| Income taxes | 67/77 | €14,569 | €126,179 | +€111,609 | +766.1% |
| Profit (loss) for the period | 9904 | €11,198 | €216,212 | +€205,015 | +1830.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,198 | €216,212 | +€205,015 | +1830.9% |
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.