BUZZ IN A BOX: 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.
BUZZ IN A BOX
Largest movements
- Receivables within one year -€136,850
down €136,850 (-39.3%), from €348,250 to €211,400
of which Trade receivables: -€114,324
- Cash -€44,254
down €44,254 (-75.6%), from €58,533 to €14,279
mainly Advances received (-€97,870) and Net result for the year (-€74,466)
- Tangible fixed assets -€8,885
down €8,885 (-31.1%), from €28,549 to €19,663
of which Furniture and vehicles: -€7,341
- Advances received -€97,870
down €97,870 (-55.1%), from €177,644 to €79,773
- Profit (loss) carried forward -€74,466
down €74,466 (-39.4%), from €188,868 to €114,402
- Trade debts -€16,827
down €16,827 (-64.4%), from €26,109 to €9,283
- Other debts +€16,022
up €16,022 (+242%), from €6,613 to €22,634
- Debts after one year -€10,543
down €10,543 (-92.2%), from €11,440 to €897
- Gross operating margin -€42,880
down €42,880, from €77 to -€42,803
- Staff costs +€19,521
new in 2025: €19,521
- Financial charges +€1,314
up €1,314 (+287%), from €457 to €1,771
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 | €435,331 | €245,908 | -€189,423 | -43.5% |
| Fixed assets | 21/28 | €28,549 | €19,872 | -€8,677 | -30.4% |
| Tangible fixed assets | 22/27 | €28,549 | €19,663 | -€8,885 | -31.1% |
| Plant, machinery and equipment | 23 | €4,552 | €3,007 | -€1,545 | -33.9% |
| Furniture and vehicles | 24 | €23,997 | €16,656 | -€7,341 | -30.6% |
| Financial fixed assets | 28 | - | €208 | +€208 | |
| Current assets | 29/58 | €406,783 | €226,036 | -€180,746 | -44.4% |
| Amounts receivable within one year | 40/41 | €348,250 | €211,400 | -€136,850 | -39.3% |
| Trade receivables | 40 | €312,975 | €198,650 | -€114,324 | -36.5% |
| Other amounts receivable | 41 | €35,275 | €12,750 | -€22,525 | -63.9% |
| Cash at bank and in hand | 54/58 | €58,533 | €14,279 | -€44,254 | -75.6% |
| Deferred charges and accrued income | 490/1 | - | €357 | +€357 | |
| Total equity and liabilities | 10/49 | €435,331 | €245,908 | -€189,423 | -43.5% |
| Equity | 10/15 | €196,928 | €122,462 | -€74,466 | -37.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,868 | €114,402 | -€74,466 | -39.4% |
| Amounts payable | 17/49 | €238,403 | €123,445 | -€114,958 | -48.2% |
| Amounts payable after more than one year | 17 | €11,440 | €897 | -€10,543 | -92.2% |
| Financial debts | 170/4 | €11,440 | €897 | -€10,543 | -92.2% |
| Amounts payable within one year | 42/48 | €226,963 | €122,549 | -€104,415 | -46.0% |
| Financial debts | 43 | €10,150 | €10,543 | +€393 | +3.9% |
| Credit institutions | 430/8 | €10,150 | €10,543 | +€393 | +3.9% |
| Trade debts | 44 | €26,109 | €9,283 | -€16,827 | -64.4% |
| Suppliers | 440/4 | €26,109 | €9,283 | -€16,827 | -64.4% |
| Advances received on contracts in progress | 46 | €177,644 | €79,773 | -€97,870 | -55.1% |
| Taxes, remuneration and social security | 45 | €6,448 | €315 | -€6,132 | -95.1% |
| Taxes | 450/3 | €2,478 | €315 | -€2,162 | -87.3% |
| Remuneration and social security | 454/9 | €3,970 | - | -€3,970 | |
| Other amounts payable | 47/48 | €6,613 | €22,634 | +€16,022 | +242% |
| Remuneration, social security and pensions | 62 | - | €19,521 | +€19,521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,875 | €9,820 | -€54 | -0.6% |
| Other operating charges | 640/8 | €483 | €235 | -€248 | -51.4% |
| Gross operating margin | 9900 | €77 | -€42,803 | -€42,880 | |
| Operating profit (loss) | 9901 | -€10,281 | -€72,380 | -€62,099 | -604% |
| Financial income | 75/76B | €278 | - | -€278 | |
| Recurring financial income | 75 | €278 | - | -€278 | |
| Financial charges | 65/66B | €457 | €1,771 | +€1,314 | +287% |
| Recurring financial charges | 65 | €457 | €1,771 | +€1,314 | +287% |
| Profit (loss) for the period before taxes | 9903 | -€10,460 | -€74,150 | -€63,690 | -609% |
| Income taxes | 67/77 | -€105 | €315 | +€420 | |
| Profit (loss) for the period | 9904 | -€10,355 | -€74,466 | -€64,110 | -619% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,355 | -€74,466 | -€64,110 | -619% |
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 20 October 2026 via checked.be.