BUZZERS: 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.
BUZZERS
Largest movements
- Receivables within one year +€32,553
up €32,553 (+160.7%), from €20,252 to €52,806
of which Trade receivables: +€30,025
- Cash -€31,188
down €31,188 (-77.7%), from €40,139 to €8,951
mainly Receivables within one year (-€32,553) and Debts after one year (-€6,784)
- Tangible fixed assets -€6,261
down €6,261 (-19.9%), from €31,533 to €25,272
- Deferred charges and accrued income -€2,758
down €2,758 (-98.3%), from €2,805 to €47
- Debts after one year -€6,784
down €6,784 (-29.5%), from €23,011 to €16,227
- Other debts +€2,671
up €2,671 (+11.8%), from €22,611 to €25,282
- Profit (loss) carried forward -€2,597
new in 2025: -€2,597
- Trade debts -€1,202
down €1,202 (-40.0%), from €3,008 to €1,805
- Gross operating margin -€23,973
down €23,973 (-65.4%), from €36,641 to €12,669
- Taxes -€9,350
down €9,350 (-95.2%), from €9,823 to €472
- Write-downs +€4,050
new in 2025: €4,050
- Depreciation +€1,805
up €1,805 (+28.4%), from €6,356 to €8,162
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 | €94,729 | €87,075 | -€7,654 | -8.1% |
| Fixed assets | 21/28 | €31,533 | €25,272 | -€6,261 | -19.9% |
| Tangible fixed assets | 22/27 | €31,533 | €25,272 | -€6,261 | -19.9% |
| Furniture and vehicles | 24 | €31,533 | €25,272 | -€6,261 | -19.9% |
| Current assets | 29/58 | €63,196 | €61,803 | -€1,392 | -2.2% |
| Amounts receivable within one year | 40/41 | €20,252 | €52,806 | +€32,553 | +160.7% |
| Trade receivables | 40 | €20,252 | €50,277 | +€30,025 | +148.3% |
| Other amounts receivable | 41 | - | €2,528 | +€2,528 | |
| Cash at bank and in hand | 54/58 | €40,139 | €8,951 | -€31,188 | -77.7% |
| Deferred charges and accrued income | 490/1 | €2,805 | €47 | -€2,758 | -98.3% |
| Total equity and liabilities | 10/49 | €94,729 | €87,075 | -€7,654 | -8.1% |
| Equity | 10/15 | €22,204 | €19,608 | -€2,597 | -11.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €18,204 | €18,204 | = | 0.0% |
| Distributable reserves | 133 | €18,204 | €18,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,597 | -€2,597 | |
| Amounts payable | 17/49 | €72,525 | €67,467 | -€5,057 | -7.0% |
| Amounts payable after more than one year | 17 | €23,011 | €16,227 | -€6,784 | -29.5% |
| Financial debts | 170/4 | €23,011 | €16,227 | -€6,784 | -29.5% |
| Amounts payable within one year | 42/48 | €49,513 | €51,241 | +€1,727 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €6,535 | €6,784 | +€249 | +3.8% |
| Trade debts | 44 | €3,008 | €1,805 | -€1,202 | -40.0% |
| Suppliers | 440/4 | €3,008 | €1,805 | -€1,202 | -40.0% |
| Taxes, remuneration and social security | 45 | €17,360 | €17,369 | +€10 | +0.1% |
| Taxes | 450/3 | €17,360 | €15,369 | -€1,990 | -11.5% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €22,611 | €25,282 | +€2,671 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,356 | €8,162 | +€1,805 | +28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,050 | +€4,050 | |
| Other operating charges | 640/8 | €1,018 | €1,314 | +€295 | +29.0% |
| Gross operating margin | 9900 | €36,641 | €12,669 | -€23,973 | -65.4% |
| Operating profit (loss) | 9901 | €29,266 | -€857 | -€30,123 | |
| Financial income | 75/76B | €8 | €5 | -€3 | -36.2% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -36.2% |
| Non-recurring financial income | 76B | - | €5 | +€5 | |
| Financial charges | 65/66B | €1,247 | €1,273 | +€25 | +2.0% |
| Recurring financial charges | 65 | €1,247 | €1,273 | +€25 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €28,027 | -€2,124 | -€30,151 | |
| Income taxes | 67/77 | €9,823 | €472 | -€9,350 | -95.2% |
| Profit (loss) for the period | 9904 | €18,204 | -€2,597 | -€20,801 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,204 | -€2,597 | -€20,801 |
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 12 October 2026 via checked.be.