VAN HOUWE – BURÉ: 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.
VAN HOUWE – BURÉ
Largest movements
- Cash +€136,205
up €136,205 (+110%), from €124,069 to €260,274
mainly Net result for the year (+€223,824) and Depreciation (+€68,075)
- Intangible fixed assets -€60,800
down €60,800 (-10.5%), from €579,926 to €519,126
- Tangible fixed assets +€29,616
up €29,616 (+146%), from €20,228 to €49,844
of which Furniture and vehicles: +€25,895
- Current investments +€23,517
new in 2025: €23,517
- Receivables within one year +€15,241
up €15,241 (+123%), from €12,388 to €27,629
of which Trade receivables: +€15,726
- Reserves +€198,858
up €198,858 (+146%), from €136,637 to €335,495
- Debts after one year -€86,421
down €86,421 (-17.9%), from €481,844 to €395,422
- Tax, wage and social debts +€14,069
up €14,069 (+529%), from €2,659 to €16,729
of which Remuneration and social security: +€12,784
- Other debts +€14,026
up €14,026 (+444%), from €3,161 to €17,188
- Gross operating margin +€335,493
up €335,493 (+192%), from €175,148 to €510,641
- Staff costs +€74,458
up €74,458 (+389%), from €19,151 to €93,609
- Taxes +€64,052
up €64,052 (+172%), from €37,258 to €101,310
- Depreciation +€35,204
up €35,204 (+107%), from €32,871 to €68,075
- Financial charges +€11,872
up €11,872 (+158%), from €7,497 to €19,369
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 | €738,705 | €883,511 | +€144,805 | +19.6% |
| Fixed assets | 21/28 | €600,153 | €568,970 | -€31,184 | -5.2% |
| Intangible fixed assets | 21 | €579,926 | €519,126 | -€60,800 | -10.5% |
| Tangible fixed assets | 22/27 | €20,228 | €49,844 | +€29,616 | +146% |
| Plant, machinery and equipment | 23 | €3,967 | €3,114 | -€853 | -21.5% |
| Furniture and vehicles | 24 | €16,261 | €42,155 | +€25,895 | +159% |
| Other tangible fixed assets | 26 | - | €4,575 | +€4,575 | |
| Current assets | 29/58 | €138,552 | €314,541 | +€175,989 | +127% |
| Amounts receivable within one year | 40/41 | €12,388 | €27,629 | +€15,241 | +123% |
| Trade receivables | 40 | €6,277 | €22,003 | +€15,726 | +251% |
| Other amounts receivable | 41 | €6,111 | €5,626 | -€485 | -7.9% |
| Current investments | 50/53 | - | €23,517 | +€23,517 | |
| Cash at bank and in hand | 54/58 | €124,069 | €260,274 | +€136,205 | +110% |
| Deferred charges and accrued income | 490/1 | €2,095 | €3,121 | +€1,026 | +49.0% |
| Total equity and liabilities | 10/49 | €738,705 | €883,511 | +€144,805 | +19.6% |
| Equity | 10/15 | €139,137 | €337,995 | +€198,858 | +143% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €136,637 | €335,495 | +€198,858 | +146% |
| Distributable reserves | 133 | €136,637 | €335,495 | +€198,858 | +146% |
| Amounts payable | 17/49 | €599,568 | €545,516 | -€54,052 | -9.0% |
| Amounts payable after more than one year | 17 | €481,844 | €395,422 | -€86,421 | -17.9% |
| Financial debts | 170/4 | €481,844 | €395,422 | -€86,421 | -17.9% |
| Amounts payable within one year | 42/48 | €117,724 | €149,493 | +€31,769 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €83,914 | €86,421 | +€2,507 | +3.0% |
| Trade debts | 44 | €27,989 | €29,156 | +€1,167 | +4.2% |
| Suppliers | 440/4 | €27,989 | €29,156 | +€1,167 | +4.2% |
| Taxes, remuneration and social security | 45 | €2,659 | €16,729 | +€14,069 | +529% |
| Taxes | 450/3 | - | €1,285 | +€1,285 | |
| Remuneration and social security | 454/9 | €2,659 | €15,443 | +€12,784 | +481% |
| Other amounts payable | 47/48 | €3,161 | €17,188 | +€14,026 | +444% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Remuneration, social security and pensions | 62 | €19,151 | €93,609 | +€74,458 | +389% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,871 | €68,075 | +€35,204 | +107% |
| Other operating charges | 640/8 | €3,485 | €4,647 | +€1,163 | +33.4% |
| Gross operating margin | 9900 | €175,148 | €510,641 | +€335,493 | +192% |
| Operating profit (loss) | 9901 | €119,642 | €344,310 | +€224,668 | +188% |
| Financial income | 75/76B | €0 | €193 | +€193 | +71,411% |
| Recurring financial income | 75 | €0 | €193 | +€193 | +71,411% |
| Financial charges | 65/66B | €7,497 | €19,369 | +€11,872 | +158% |
| Recurring financial charges | 65 | €7,497 | €19,369 | +€11,872 | +158% |
| Profit (loss) for the period before taxes | 9903 | €112,146 | €325,134 | +€212,989 | +190% |
| Income taxes | 67/77 | €37,258 | €101,310 | +€64,052 | +172% |
| Profit (loss) for the period | 9904 | €74,888 | €223,824 | +€148,936 | +199% |
| Profit (loss) for the period to be appropriated | 9905 | €74,888 | €223,824 | +€148,936 | +199% |
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 16 October 2026 via checked.be.