BUSY BEES: 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.
BUSY BEES
Largest movements
- Receivables within one year +€124,923
up €124,923 (+187%), from €66,639 to €191,562
of which Trade receivables: +€116,754
- Financial fixed assets +€52,643
up €52,643 (+133%), from €39,500 to €92,143
- Intangible fixed assets +€41,063
up €41,063 (+208%), from €19,765 to €60,827
- Cash +€18,459
up €18,459 (+27.2%), from €67,812 to €86,271
mainly Net result for the year (+€111,392) and Trade debts (+€106,726)
- Reserves +€111,392
up €111,392 (+153%), from €72,580 to €183,972
of which Distributable reserves: +€111,392
- Trade debts +€106,726
up €106,726 (+347%), from €30,726 to €137,452
- Tax, wage and social debts +€21,571
up €21,571 (+47.1%), from €45,806 to €67,376
of which Remuneration and social security: +€16,524
- Gross operating margin +€140,135
up €140,135 (+85.8%), from €163,285 to €303,420
- Staff costs +€73,864
up €73,864 (+169%), from €43,659 to €117,523
- Taxes +€24,158
up €24,158 (+74.9%), from €32,238 to €56,396
- Other operating charges -€6,354
down €6,354 (-52.6%), from €12,068 to €5,715
- Depreciation +€6,257
up €6,257 (+175%), from €3,584 to €9,841
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 | €196,527 | €436,073 | +€239,546 | +122% |
| Fixed assets | 21/28 | €61,675 | €156,964 | +€95,289 | +155% |
| Intangible fixed assets | 21 | €19,765 | €60,827 | +€41,063 | +208% |
| Tangible fixed assets | 22/27 | €2,410 | €3,994 | +€1,584 | +65.7% |
| Plant, machinery and equipment | 23 | €2,410 | €3,994 | +€1,584 | +65.7% |
| Financial fixed assets | 28 | €39,500 | €92,143 | +€52,643 | +133% |
| Current assets | 29/58 | €134,852 | €279,109 | +€144,257 | +107% |
| Amounts receivable within one year | 40/41 | €66,639 | €191,562 | +€124,923 | +187% |
| Trade receivables | 40 | €32,618 | €149,373 | +€116,754 | +358% |
| Other amounts receivable | 41 | €34,020 | €42,189 | +€8,168 | +24.0% |
| Cash at bank and in hand | 54/58 | €67,812 | €86,271 | +€18,459 | +27.2% |
| Deferred charges and accrued income | 490/1 | €401 | €1,277 | +€876 | +218% |
| Total equity and liabilities | 10/49 | €196,527 | €436,073 | +€239,546 | +122% |
| Equity | 10/15 | €116,762 | €228,154 | +€111,392 | +95.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,580 | €183,972 | +€111,392 | +153% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €72,580 | €183,972 | +€111,392 | +153% |
| Profit (loss) carried forward | 14 | €37,982 | €37,982 | = | 0.0% |
| Amounts payable | 17/49 | €79,765 | €207,919 | +€128,154 | +161% |
| Amounts payable within one year | 42/48 | €79,765 | €207,919 | +€128,154 | +161% |
| Trade debts | 44 | €30,726 | €137,452 | +€106,726 | +347% |
| Suppliers | 440/4 | €30,726 | €137,452 | +€106,726 | +347% |
| Taxes, remuneration and social security | 45 | €45,806 | €67,376 | +€21,571 | +47.1% |
| Taxes | 450/3 | €41,753 | €46,800 | +€5,047 | +12.1% |
| Remuneration and social security | 454/9 | €4,053 | €20,577 | +€16,524 | +408% |
| Other amounts payable | 47/48 | €3,233 | €3,091 | -€143 | -4.4% |
| Remuneration, social security and pensions | 62 | €43,659 | €117,523 | +€73,864 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,584 | €9,841 | +€6,257 | +175% |
| Other operating charges | 640/8 | €12,068 | €5,715 | -€6,354 | -52.6% |
| Gross operating margin | 9900 | €163,285 | €303,420 | +€140,135 | +85.8% |
| Operating profit (loss) | 9901 | €103,974 | €170,341 | +€66,367 | +63.8% |
| Financial income | 75/76B | €509 | €876 | +€366 | +71.9% |
| Recurring financial income | 75 | €509 | €876 | +€366 | +71.9% |
| Financial charges | 65/66B | €1,526 | €3,429 | +€1,903 | +125% |
| Recurring financial charges | 65 | €1,526 | €3,429 | +€1,903 | +125% |
| Profit (loss) for the period before taxes | 9903 | €102,958 | €167,788 | +€64,830 | +63.0% |
| Income taxes | 67/77 | €32,238 | €56,396 | +€24,158 | +74.9% |
| Profit (loss) for the period | 9904 | €70,720 | €111,392 | +€40,672 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,720 | €111,392 | +€40,672 | +57.5% |
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 26 October 2026 via checked.be.