BUZ CONSTRUCT: 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.
BUZ CONSTRUCT
Largest movements
- Cash -€37,269
down €37,269 (-46.0%), from €81,029 to €43,760
mainly Receivables within one year (-€24,248) and Investment in fixed assets (net) (-€11,604)
- Receivables within one year +€24,248
up €24,248 (+60.1%), from €40,365 to €64,613
of which Trade receivables: +€21,788
- Tangible fixed assets +€9,283
new in 2025: €9,283
- Profit (loss) carried forward -€3,737
down €3,737 (-3.1%), from €121,294 to €117,556
- Gross operating margin -€14,852
down €14,852 (-87.6%), from €16,953 to €2,101
- Taxes -€3,070
no longer reported in 2025 (was €3,070)
- Other operating charges +€2,926
up €2,926 (+667%), from €439 to €3,365
- Depreciation +€2,321
new in 2025: €2,321
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 | €121,394 | €117,656 | -€3,737 | -3.1% |
| Fixed assets | 21/28 | - | €9,283 | +€9,283 | |
| Tangible fixed assets | 22/27 | - | €9,283 | +€9,283 | |
| Furniture and vehicles | 24 | - | €9,283 | +€9,283 | |
| Current assets | 29/58 | €121,394 | €108,373 | -€13,021 | -10.7% |
| Amounts receivable within one year | 40/41 | €40,365 | €64,613 | +€24,248 | +60.1% |
| Trade receivables | 40 | €33,158 | €54,946 | +€21,788 | +65.7% |
| Other amounts receivable | 41 | €7,207 | €9,667 | +€2,460 | +34.1% |
| Cash at bank and in hand | 54/58 | €81,029 | €43,760 | -€37,269 | -46.0% |
| Total equity and liabilities | 10/49 | €121,394 | €117,656 | -€3,737 | -3.1% |
| Equity | 10/15 | €121,394 | €117,656 | -€3,737 | -3.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,294 | €117,556 | -€3,737 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,321 | +€2,321 | |
| Other operating charges | 640/8 | €439 | €3,365 | +€2,926 | +667% |
| Gross operating margin | 9900 | €16,953 | €2,101 | -€14,852 | -87.6% |
| Operating profit (loss) | 9901 | €16,514 | -€3,585 | -€20,099 | |
| Financial charges | 65/66B | €196 | €153 | -€43 | -22.0% |
| Recurring financial charges | 65 | €196 | €153 | -€43 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €16,319 | -€3,737 | -€20,056 | |
| Income taxes | 67/77 | €3,070 | - | -€3,070 | |
| Profit (loss) for the period | 9904 | €13,249 | -€3,737 | -€16,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,249 | -€3,737 | -€16,986 |
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 13 October 2026 via checked.be.