BUZZISPACE: 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.
What changed
BUZZISPACE
NACE 43.350, Other building finishing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€475,022
2024 · -€572,195+€97,173
Equity
€5.7m
2024 · €5.2m+€467,644
Cash
€21,749
2024 · €373,418-€351,669
Balance sheet total
€13.6m
2024 · €12.2m+€1.4m
Largest movements
Assets
- Financial fixed assets +€3.7m
up €3.7m (+30732.8%), from €11,957 to €3.7m
of which Affiliated companies: +€3.7m
- Receivables within one year -€3.5m
down €3.5m (-48.8%), from €7.2m to €3.7m
of which Other amounts receivable: -€3.6m
- Tangible fixed assets +€2.0m
up €2.0m (+1201.6%), from €162,445 to €2.1m
of which Assets under construction and advance payments: +€1.9m
- Cash -€351,669
down €351,669 (-94.2%), from €373,418 to €21,749
mainly Investment in fixed assets (net) (-€5.7m) and Trade debts (-€1.5m)
- Stocks and contracts -€281,687
down €281,687 (-6.6%), from €4.3m to €4.0m
Equity and liabilities
- Reserves -€3.2m
down €3.2m (-91.4%), from €3.5m to €302,320
of which Distributable reserves: -€3.4m
- Other debts +€2.4m
up €2.4m (+116.8%), from €2.0m to €4.4m
- Revaluation surpluses +€1.9m
new in 2025: €1.9m
- Contributions +€1.8m
up €1.8m (+2924.2%), from €62,000 to €1.9m
- Trade debts -€1.5m
down €1.5m (-39.7%), from €3.8m to €2.3m
Income statement
- Turnover -€3.9m
down €3.9m (-15.0%), from €26.1m to €22.2m
- Services and other goods -€3.3m
down €3.3m (-32.6%), from €10.0m to €6.8m
- Goods and materials -€1.4m
down €1.4m (-9.8%), from €14.6m to €13.2m
of which Purchases: -€723,947
- Staff costs +€1.2m
up €1.2m (+52.4%), from €2.4m to €3.6m
- Other operating income -€951,593
down €951,593 (-73.0%), from €1.3m to €352,814
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.
Result 2024
-€572,195
Turnover
-€3.9m
Other operating income
-€951,593
Goods and materials
+€1.4m
Services and other goods
+€3.3m
Staff costs
-€1.2m
Depreciation
+€59,923
Write-downs
+€414,148
Provisions
-€49,279
Other operating charges
-€40,769
Other operating items
+€57,830
Financial income
+€623,591
Financial charges
+€436,614
Taxes
+€4,633
Result 2025
-€475,022
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.
From operations
+€4.4m
Investment
-€5.7m
Financing
+€942,666
Cash 2024
€373,418
From operations (derived)
+€4.4m
Net result for the year
-€475,022
Depreciation
+€87,421
Receivables after one year
+€105,324
Stocks and contracts
+€281,687
Receivables within one year
+€3.5m
Deferred charges and accrued income
-€29,567
Provisions
+€28,000
Trade debts
-€1.5m
Tax, wage and social debts
+€68,600
Advances received
-€80,787
Other debts
+€2.4m
Accrued charges and deferred income
+€63,104
Investment (derived)
-€5.7m
Investment in fixed assets (net)
-€5.7m
Financing
+€942,666
Contributions, distributions and other
+€942,666
Cash 2025
€21,749
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,189,270 | €13,603,639 | +€1.4m | +11.6% |
| Fixed assets | 21/28 | €197,780 | €5,831,292 | +€5.6m | +2848.4% |
| Intangible fixed assets | 21 | €23,378 | €30,375 | +€6,997 | +29.9% |
| Tangible fixed assets | 22/27 | €162,445 | €2,114,307 | +€2.0m | +1201.6% |
| Plant, machinery and equipment | 23 | €26,629 | €68,743 | +€42,114 | +158.1% |
| Furniture and vehicles | 24 | €9,677 | €6,776 | -€2,901 | -30.0% |
| Other tangible fixed assets | 26 | €126,138 | €105,834 | -€20,304 | -16.1% |
| Assets under construction and advance payments | 27 | - | €1,932,954 | +€1.9m | |
| Financial fixed assets | 28 | €11,957 | €3,686,610 | +€3.7m | +30732.8% |
| Affiliated companies | 280/1 | - | €3,676,253 | +€3.7m | |
| Participating interests | 280 | - | €3,676,253 | +€3.7m | |
| Other financial fixed assets | 284/8 | €11,957 | €10,357 | -€1,600 | -13.4% |
| Amounts receivable and cash guarantees | 285/8 | €11,957 | €10,357 | -€1,600 | -13.4% |
| Current assets | 29/58 | €11,991,490 | €7,772,346 | -€4.2m | -35.2% |
| Amounts receivable after more than one year | 29 | €105,324 | - | -€105,324 | |
| Other amounts receivable | 291 | €105,324 | - | -€105,324 | |
| Stocks and contracts in progress | 3 | €4,270,011 | €3,988,324 | -€281,687 | -6.6% |
| Stocks | 30/36 | €4,270,011 | €3,988,324 | -€281,687 | -6.6% |
| Raw materials and consumables | 30/31 | €2,734,517 | €2,836,101 | +€101,585 | +3.7% |
| Goods purchased for resale | 34 | €1,535,494 | €1,152,223 | -€383,272 | -25.0% |
| Amounts receivable within one year | 40/41 | €7,190,734 | €3,680,703 | -€3.5m | -48.8% |
| Trade receivables | 40 | €3,171,449 | €3,237,515 | +€66,066 | +2.1% |
| Other amounts receivable | 41 | €4,019,285 | €443,188 | -€3.6m | -89.0% |
| Cash at bank and in hand | 54/58 | €373,418 | €21,749 | -€351,669 | -94.2% |
| Deferred charges and accrued income | 490/1 | €52,003 | €81,570 | +€29,567 | +56.9% |
| Total equity and liabilities | 10/49 | €12,189,270 | €13,603,639 | +€1.4m | +11.6% |
| Equity | 10/15 | €5,246,505 | €5,714,149 | +€467,644 | +8.9% |
| Contributions | 10/11 | €62,000 | €1,875,000 | +€1.8m | +2924.2% |
| Capital | 10 | €62,000 | €1,875,000 | +€1.8m | +2924.2% |
| Issued capital | 100 | €62,000 | €1,875,000 | +€1.8m | +2924.2% |
| Revaluation surpluses | 12 | - | €1,942,513 | +€1.9m | |
| Reserves | 13 | €3,501,631 | €302,320 | -€3.2m | -91.4% |
| Non-distributable reserves | 130/1 | €6,200 | €187,500 | +€181,300 | +2924.2% |
| Legal reserve | 130 | €6,200 | €187,500 | +€181,300 | +2924.2% |
| Distributable reserves | 133 | €3,495,431 | €114,820 | -€3.4m | -96.7% |
| Profit (loss) carried forward | 14 | €1,682,874 | €1,594,316 | -€88,558 | -5.3% |
| Provisions and deferred taxes | 16 | €28,130 | €56,130 | +€28,000 | +99.5% |
| Provisions for liabilities and charges | 160/5 | €28,130 | €56,130 | +€28,000 | +99.5% |
| Other liabilities and charges | 164/5 | €28,130 | €56,130 | +€28,000 | +99.5% |
| Amounts payable | 17/49 | €6,914,634 | €7,833,359 | +€918,725 | +13.3% |
| Amounts payable within one year | 42/48 | €6,877,526 | €7,733,147 | +€855,621 | +12.4% |
| Trade debts | 44 | €3,762,874 | €2,269,395 | -€1.5m | -39.7% |
| Suppliers | 440/4 | €3,762,874 | €2,269,395 | -€1.5m | -39.7% |
| Advances received on contracts in progress | 46 | €808,652 | €727,865 | -€80,787 | -10.0% |
| Taxes, remuneration and social security | 45 | €284,902 | €353,502 | +€68,600 | +24.1% |
| Remuneration and social security | 454/9 | €284,902 | €353,502 | +€68,600 | +24.1% |
| Other amounts payable | 47/48 | €2,021,099 | €4,382,386 | +€2.4m | +116.8% |
| Accrued charges and deferred income | 492/3 | €37,108 | €100,212 | +€63,104 | +170.1% |
| Operating income | 70/76A | €27,421,327 | €22,616,113 | -€4.8m | -17.5% |
| Turnover | 70 | €26,116,920 | €22,205,468 | -€3.9m | -15.0% |
| Own construction capitalised | 72 | - | €23,475 | +€23,475 | |
| Other operating income | 74 | €1,304,408 | €352,814 | -€951,593 | -73.0% |
| Non-recurring operating income | 76A | - | €34,355 | +€34,355 | |
| Operating charges | 60/66A | €27,534,042 | €23,696,492 | -€3.8m | -13.9% |
| Goods for resale, raw materials and consumables | 60 | €14,610,221 | €13,185,575 | -€1.4m | -9.8% |
| Purchases | 600/8 | €13,604,828 | €12,880,881 | -€723,947 | -5.3% |
| Change in stocks: decrease (increase) | 609 | €1,005,394 | €304,695 | -€700,699 | -69.7% |
| Services and other goods | 61 | €10,039,395 | €6,766,480 | -€3.3m | -32.6% |
| Remuneration, social security and pensions | 62 | €2,376,118 | €3,620,152 | +€1.2m | +52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,345 | €87,421 | -€59,923 | -40.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €355,483 | -€58,665 | -€414,148 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€21,279 | €28,000 | +€49,279 | |
| Other operating charges | 640/8 | €26,759 | €67,528 | +€40,769 | +152.4% |
| Operating profit (loss) | 9901 | -€112,715 | -€1,080,380 | -€967,665 | -858.5% |
| Financial income | 75/76B | €376,795 | €1,000,387 | +€623,591 | +165.5% |
| Recurring financial income | 75 | €376,795 | €1,000,387 | +€623,591 | +165.5% |
| Income from current assets | 751 | €249,639 | €18,689 | -€230,950 | -92.5% |
| Other financial income | 752/9 | €127,156 | €981,697 | +€854,542 | +672.0% |
| Financial charges | 65/66B | €825,784 | €389,171 | -€436,614 | -52.9% |
| Recurring financial charges | 65 | €825,784 | €389,171 | -€436,614 | -52.9% |
| Debt charges | 650 | €186,252 | €193,572 | +€7,320 | +3.9% |
| Other financial charges | 652/9 | €639,532 | €195,598 | -€443,934 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | -€561,704 | -€469,163 | +€92,540 | +16.5% |
| Income taxes | 67/77 | €10,491 | €5,858 | -€4,633 | -44.2% |
| Taxes | 670/3 | €17,998 | €6,130 | -€11,868 | -65.9% |
| Tax adjustments and reversals of tax provisions | 77 | €7,507 | €272 | -€7,235 | -96.4% |
| Profit (loss) for the period | 9904 | -€572,195 | -€475,022 | +€97,173 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€572,195 | -€475,022 | +€97,173 | +17.0% |
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 5 October 2026 via checked.be.