DE BURBURE 18: 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.
DE BURBURE 18
Largest movements
- Stocks and contracts +€2.1m
new in 2025: €2.1m
- Tangible fixed assets -€1.3m
down €1.3m (-100%), from €1.3m to €0
- Receivables within one year -€85,185
down €85,185 (-93.6%), from €90,970 to €5,785
- Other debts +€962,737
up €962,737 (+103%), from €933,671 to €1.9m
- Trade debts -€393,006
down €393,006 (-74.6%), from €526,682 to €133,676
- Advances received +€277,331
new in 2025: €277,331
- Profit (loss) carried forward -€72,363
down €72,363 (-200%), from -€36,171 to -€108,534
- Financial charges +€52,186
up €52,186 (+10,650%), from €490 to €52,676
- Gross operating margin +€14,336
up €14,336 (+43.0%), from -€33,375 to -€19,039
- Other operating charges +€519
up €519 (+180%), from €288 to €807
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 | €1,450,135 | €2,231,397 | +€781,262 | +53.9% |
| Fixed assets | 21/28 | €1,261,612 | €0 | -€1.3m | -100% |
| Tangible fixed assets | 22/27 | €1,261,612 | €0 | -€1.3m | -100% |
| Assets under construction and advance payments | 27 | €1,261,612 | €0 | -€1.3m | -100% |
| Current assets | 29/58 | €188,523 | €2,231,397 | +€2.0m | +1,084% |
| Stocks and contracts in progress | 3 | - | €2,128,994 | +€2.1m | |
| Stocks | 30/36 | - | €2,128,994 | +€2.1m | |
| Amounts receivable within one year | 40/41 | €90,970 | €5,785 | -€85,185 | -93.6% |
| Other amounts receivable | 41 | €90,970 | €5,785 | -€85,185 | -93.6% |
| Cash at bank and in hand | 54/58 | €97,553 | €96,618 | -€935 | -1.0% |
| Total equity and liabilities | 10/49 | €1,450,135 | €2,231,397 | +€781,262 | +53.9% |
| Equity | 10/15 | -€10,218 | -€82,581 | -€72,363 | -708% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €7,361 | €7,361 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €5,502 | €7,361 | +€1,859 | +33.8% |
| Profit (loss) carried forward | 14 | -€36,171 | -€108,534 | -€72,363 | -200% |
| Amounts payable | 17/49 | €1,460,353 | €2,313,978 | +€853,625 | +58.5% |
| Amounts payable within one year | 42/48 | €1,460,353 | €2,313,978 | +€853,625 | +58.5% |
| Trade debts | 44 | €526,682 | €133,676 | -€393,006 | -74.6% |
| Suppliers | 440/4 | €526,682 | €133,676 | -€393,006 | -74.6% |
| Advances received on contracts in progress | 46 | - | €277,331 | +€277,331 | |
| Taxes, remuneration and social security | 45 | - | €6,563 | +€6,563 | |
| Taxes | 450/3 | - | €6,563 | +€6,563 | |
| Other amounts payable | 47/48 | €933,671 | €1,896,408 | +€962,737 | +103% |
| Other operating charges | 640/8 | €288 | €807 | +€519 | +180% |
| Non-recurring operating charges | 66A | €2,268 | €0 | -€2,268 | -100% |
| Gross operating margin | 9900 | -€33,375 | -€19,039 | +€14,336 | +43.0% |
| Operating profit (loss) | 9901 | -€35,931 | -€19,846 | +€16,085 | +44.8% |
| Financial income | 75/76B | - | €159 | +€159 | |
| Recurring financial income | 75 | - | €159 | +€159 | |
| Financial charges | 65/66B | €490 | €52,676 | +€52,186 | +10,650% |
| Recurring financial charges | 65 | €490 | €52,676 | +€52,186 | +10,650% |
| Profit (loss) for the period before taxes | 9903 | -€36,421 | -€72,363 | -€35,942 | -98.7% |
| Profit (loss) for the period | 9904 | -€36,421 | -€72,363 | -€35,942 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,421 | -€72,363 | -€35,942 | -98.7% |
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 31 October 2026 via checked.be.