BUZZLER: 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.
BUZZLER
Largest movements
- Tangible fixed assets +€66,122
new in 2026: €66,122
of which Land and buildings: +€60,000
- Cash -€47,726
down €47,726 (-70.1%), from €68,127 to €20,402
mainly Investment in fixed assets (net) (-€66,166) and Contributions, distributions and other (-€35,294)
- Receivables within one year +€5,220
up €5,220 (+32.9%), from €15,891 to €21,112
of which Trade receivables: +€4,502
- Reserves +€16,850
up €16,850 (+30.5%), from €55,206 to €72,057
- Debts after one year +€14,466
new in 2026: €14,466
- Tax, wage and social debts -€11,532
down €11,532 (-53.3%), from €21,623 to €10,091
- Current portion of long-term debt +€6,094
new in 2026: €6,094
- Trade debts -€2,261
down €2,261 (-48.2%), from €4,689 to €2,428
- Other operating charges +€7,935
up €7,935 (+2396.2%), from €331 to €8,266
- Gross operating margin +€7,461
up €7,461 (+10.7%), from €69,553 to €77,014
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,019 | €107,635 | +€23,616 | +28.1% |
| Fixed assets | 21/28 | - | €66,122 | +€66,122 | |
| Tangible fixed assets | 22/27 | - | €66,122 | +€66,122 | |
| Land and buildings | 22 | - | €60,000 | +€60,000 | |
| Furniture and vehicles | 24 | - | €6,122 | +€6,122 | |
| Current assets | 29/58 | €84,019 | €41,513 | -€42,505 | -50.6% |
| Amounts receivable within one year | 40/41 | €15,891 | €21,112 | +€5,220 | +32.9% |
| Trade receivables | 40 | €15,560 | €20,062 | +€4,502 | +28.9% |
| Other amounts receivable | 41 | €332 | €1,050 | +€718 | +216.6% |
| Cash at bank and in hand | 54/58 | €68,127 | €20,402 | -€47,726 | -70.1% |
| Total equity and liabilities | 10/49 | €84,019 | €107,635 | +€23,616 | +28.1% |
| Equity | 10/15 | €57,706 | €74,557 | +€16,850 | +29.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €55,206 | €72,057 | +€16,850 | +30.5% |
| Distributable reserves | 133 | €55,206 | €72,057 | +€16,850 | +30.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,312 | €33,078 | +€6,766 | +25.7% |
| Amounts payable after more than one year | 17 | - | €14,466 | +€14,466 | |
| Financial debts | 170/4 | - | €14,466 | +€14,466 | |
| Amounts payable within one year | 42/48 | €26,312 | €18,612 | -€7,700 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,094 | +€6,094 | |
| Trade debts | 44 | €4,689 | €2,428 | -€2,261 | -48.2% |
| Suppliers | 440/4 | €4,689 | €2,428 | -€2,261 | -48.2% |
| Taxes, remuneration and social security | 45 | €21,623 | €10,091 | -€11,532 | -53.3% |
| Taxes | 450/3 | €21,623 | €10,091 | -€11,532 | -53.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €44 | +€44 | |
| Other operating charges | 640/8 | €331 | €8,266 | +€7,935 | +2396.2% |
| Gross operating margin | 9900 | €69,553 | €77,014 | +€7,461 | +10.7% |
| Operating profit (loss) | 9901 | €69,221 | €68,704 | -€518 | -0.7% |
| Financial income | 75/76B | €0 | €87 | +€87 | +869900.0% |
| Recurring financial income | 75 | €0 | €87 | +€87 | +869900.0% |
| Financial charges | 65/66B | €2,352 | €2,495 | +€143 | +6.1% |
| Recurring financial charges | 65 | €2,352 | €2,495 | +€143 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €66,869 | €66,296 | -€573 | -0.9% |
| Income taxes | 67/77 | €13,934 | €14,151 | +€217 | +1.6% |
| Profit (loss) for the period | 9904 | €52,935 | €52,145 | -€790 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,935 | €52,145 | -€790 | -1.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.