Buzette: 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.
Buzette
Largest movements
- Cash +€12,918
up €12,918 (+32.5%), from €39,791 to €52,709
mainly Other debts (+€69,000) and Tax, wage and social debts (+€6,173)
- Stocks and contracts +€9,018
up €9,018 (+7.1%), from €126,745 to €135,763
- Other debts +€69,000
up €69,000 (+18.5%), from €373,400 to €442,400
- Profit (loss) carried forward -€37,418
down €37,418 (-13.6%), from -€275,241 to -€312,658
- Trade debts -€15,874
down €15,874 (-34.2%), from €46,412 to €30,538
- Tax, wage and social debts +€6,173
up €6,173 (+44.2%), from €13,966 to €20,140
of which Remuneration and social security: +€5,740
- Gross operating margin +€88,531
up €88,531, from -€40,693 to €47,837
- Staff costs +€32,258
up €32,258 (+66.4%), from €48,593 to €80,851
- Depreciation -€4,574
down €4,574 (-96.2%), from €4,756 to €182
- Other operating charges -€3,273
down €3,273 (-52.3%), from €6,256 to €2,982
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 | €183,605 | €204,020 | +€20,415 | +11.1% |
| Fixed assets | 21/28 | €182 | - | -€182 | |
| Tangible fixed assets | 22/27 | €182 | - | -€182 | |
| Plant, machinery and equipment | 23 | €182 | - | -€182 | |
| Current assets | 29/58 | €183,423 | €204,020 | +€20,597 | +11.2% |
| Stocks and contracts in progress | 3 | €126,745 | €135,763 | +€9,018 | +7.1% |
| Stocks | 30/36 | €126,745 | €135,763 | +€9,018 | +7.1% |
| Amounts receivable within one year | 40/41 | €16,887 | €15,548 | -€1,339 | -7.9% |
| Trade receivables | 40 | €463 | €304 | -€159 | -34.3% |
| Other amounts receivable | 41 | €16,424 | €15,244 | -€1,180 | -7.2% |
| Cash at bank and in hand | 54/58 | €39,791 | €52,709 | +€12,918 | +32.5% |
| Total equity and liabilities | 10/49 | €183,605 | €204,020 | +€20,415 | +11.1% |
| Equity | 10/15 | -€251,641 | -€289,058 | -€37,418 | -14.9% |
| Contributions | 10/11 | €23,600 | €23,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€275,241 | -€312,658 | -€37,418 | -13.6% |
| Amounts payable | 17/49 | €435,246 | €493,078 | +€57,832 | +13.3% |
| Amounts payable within one year | 42/48 | €435,246 | €493,078 | +€57,832 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €1,467 | - | -€1,467 | |
| Trade debts | 44 | €46,412 | €30,538 | -€15,874 | -34.2% |
| Suppliers | 440/4 | €46,412 | €30,538 | -€15,874 | -34.2% |
| Taxes, remuneration and social security | 45 | €13,966 | €20,140 | +€6,173 | +44.2% |
| Taxes | 450/3 | €541 | €974 | +€433 | +80.1% |
| Remuneration and social security | 454/9 | €13,425 | €19,165 | +€5,740 | +42.8% |
| Other amounts payable | 47/48 | €373,400 | €442,400 | +€69,000 | +18.5% |
| Remuneration, social security and pensions | 62 | €48,593 | €80,851 | +€32,258 | +66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,756 | €182 | -€4,574 | -96.2% |
| Other operating charges | 640/8 | €6,256 | €2,982 | -€3,273 | -52.3% |
| Gross operating margin | 9900 | -€40,693 | €47,837 | +€88,531 | |
| Operating profit (loss) | 9901 | -€100,298 | -€36,178 | +€64,120 | +63.9% |
| Financial income | 75/76B | €12 | €3 | -€9 | -77.7% |
| Recurring financial income | 75 | €12 | €3 | -€9 | -77.7% |
| Financial charges | 65/66B | €1,094 | €1,478 | +€385 | +35.2% |
| Recurring financial charges | 65 | €1,094 | €1,478 | +€385 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | -€101,380 | -€37,654 | +€63,726 | +62.9% |
| Income taxes | 67/77 | - | -€236 | -€236 | |
| Profit (loss) for the period | 9904 | -€101,380 | -€37,418 | +€63,962 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,380 | -€37,418 | +€63,962 | +63.1% |
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 2 October 2026 via checked.be.