BUZZE: 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.
BUZZE
Largest movements
- Receivables within one year +€11,761
up €11,761 (+29.4%), from €40,067 to €51,828
of which Trade receivables: +€12,767
- Stocks and contracts -€9,999
down €9,999 (-22.3%), from €44,742 to €34,743
- Cash +€9,131
up €9,131 (+11.8%), from €77,423 to €86,554
mainly Other debts (+€14,667) and Stocks and contracts (+€9,999)
- Intangible fixed assets -€4,525
down €4,525 (-21.4%), from €21,116 to €16,591
- Other debts +€14,667
up €14,667 (+520.1%), from €2,820 to €17,486
- Reserves -€6,808
down €6,808 (-33.8%), from €20,160 to €13,351
of which Distributable reserves: -€6,808
- Tax, wage and social debts -€3,819
down €3,819 (-15.0%), from €25,539 to €21,721
of which Remuneration and social security: -€4,363
- Trade debts +€3,771
up €3,771 (+22.3%), from €16,874 to €20,645
- Current portion of long-term debt -€2,011
no longer reported in 2025 (was €2,011)
- Gross operating margin +€22,617
up €22,617 (+51.9%), from €43,561 to €66,178
- Staff costs -€2,367
down €2,367 (-4.8%), from €49,246 to €46,879
- Taxes +€1,052
up €1,052 (+705.3%), from €149 to €1,201
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 | €189,620 | €195,420 | +€5,800 | +3.1% |
| Fixed assets | 21/28 | €26,988 | €22,075 | -€4,913 | -18.2% |
| Intangible fixed assets | 21 | €21,116 | €16,591 | -€4,525 | -21.4% |
| Tangible fixed assets | 22/27 | €5,823 | €5,434 | -€389 | -6.7% |
| Furniture and vehicles | 24 | €5,823 | €5,434 | -€389 | -6.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €162,632 | €173,345 | +€10,713 | +6.6% |
| Stocks and contracts in progress | 3 | €44,742 | €34,743 | -€9,999 | -22.3% |
| Stocks | 30/36 | €44,742 | €34,743 | -€9,999 | -22.3% |
| Amounts receivable within one year | 40/41 | €40,067 | €51,828 | +€11,761 | +29.4% |
| Trade receivables | 40 | €39,062 | €51,828 | +€12,767 | +32.7% |
| Other amounts receivable | 41 | €1,005 | - | -€1,005 | |
| Cash at bank and in hand | 54/58 | €77,423 | €86,554 | +€9,131 | +11.8% |
| Deferred charges and accrued income | 490/1 | €400 | €220 | -€180 | -45.0% |
| Total equity and liabilities | 10/49 | €189,620 | €195,420 | +€5,800 | +3.1% |
| Equity | 10/15 | €142,376 | €135,568 | -€6,808 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,160 | €13,351 | -€6,808 | -33.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,300 | €11,491 | -€6,808 | -37.2% |
| Profit (loss) carried forward | 14 | €103,616 | €103,616 | = | 0.0% |
| Amounts payable | 17/49 | €47,244 | €59,852 | +€12,608 | +26.7% |
| Amounts payable within one year | 42/48 | €47,244 | €59,852 | +€12,608 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €2,011 | - | -€2,011 | |
| Trade debts | 44 | €16,874 | €20,645 | +€3,771 | +22.3% |
| Suppliers | 440/4 | €16,874 | €20,645 | +€3,771 | +22.3% |
| Taxes, remuneration and social security | 45 | €25,539 | €21,721 | -€3,819 | -15.0% |
| Taxes | 450/3 | €15,059 | €15,603 | +€544 | +3.6% |
| Remuneration and social security | 454/9 | €10,481 | €6,117 | -€4,363 | -41.6% |
| Other amounts payable | 47/48 | €2,820 | €17,486 | +€14,667 | +520.1% |
| Remuneration, social security and pensions | 62 | €49,246 | €46,879 | -€2,367 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,929 | €7,869 | -€59 | -0.7% |
| Other operating charges | 640/8 | €1,541 | €1,988 | +€447 | +29.0% |
| Gross operating margin | 9900 | €43,561 | €66,178 | +€22,617 | +51.9% |
| Operating profit (loss) | 9901 | -€15,155 | €9,442 | +€24,596 | |
| Financial income | 75/76B | €423 | €337 | -€86 | -20.4% |
| Recurring financial income | 75 | €423 | €337 | -€86 | -20.4% |
| Financial charges | 65/66B | €894 | €386 | -€507 | -56.8% |
| Recurring financial charges | 65 | €894 | €386 | -€507 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,625 | €9,392 | +€25,017 | |
| Income taxes | 67/77 | €149 | €1,201 | +€1,052 | +705.3% |
| Profit (loss) for the period | 9904 | -€15,774 | €8,192 | +€23,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,774 | €8,192 | +€23,966 |
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 8 October 2026 via checked.be.