Buzzworks: 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.
What changed
Buzzworks
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€115,453
2024 · €215,646-€100,193
Equity
€979,915
2024 · €922,462+€57,453
Cash
€10,098
2024 · €11,057-€960
Balance sheet total
€1.5m
2024 · €1.3m+€153,737
Largest movements
Assets
- Receivables within one year +€139,890
up €139,890 (+10.8%), from €1.3m to €1.4m
of which Trade receivables: +€296,490
Equity and liabilities
- Trade debts +€89,709
up €89,709 (+58.7%), from €152,780 to €242,489
- Reserves +€56,680
up €56,680 (+6.6%), from €860,070 to €916,750
of which Tax-exempt reserves: +€33,680
Income statement
- Purchases and services +€316,214
up €316,214 (+36.8%), from €859,758 to €1.2m
- Gross operating margin -€219,552
down €219,552 (-13.8%), from €1.6m to €1.4m
- Staff costs -€117,091
down €117,091 (-9.2%), from €1.3m to €1.2m
- Turnover +€97,907
up €97,907 (+4.0%), from €2.4m to €2.5m
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
€215,646
Gross operating margin
-€219,552
Staff costs
+€117,091
Depreciation
-€670
Write-downs
-€1,991
Other operating charges
+€1,794
Other operating items
-€547
Financial income
-€7,534
Financial charges
+€601
Taxes
+€10,616
Result 2025
€115,453
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
+€65,724
Investment
-€8,683
Financing
-€58,000
Cash 2024
€11,057
From operations (derived)
+€65,724
Net result for the year
+€115,453
Depreciation
+€9,125
Stocks and contracts
-€11,500
Receivables within one year
-€139,890
Deferred charges and accrued income
-€3,749
Provisions
+€1,991
Trade debts
+€89,709
Tax, wage and social debts
+€10,884
Other debts
-€6,300
Investment (derived)
-€8,683
Investment in fixed assets (net)
-€8,683
Financing
-€58,000
Contributions, distributions and other
-€58,000
Cash 2025
€10,098
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,337,531 | €1,491,268 | +€153,737 | +11.5% |
| Fixed assets | 21/28 | €15,734 | €15,293 | -€441 | -2.8% |
| Tangible fixed assets | 22/27 | €15,734 | €15,293 | -€441 | -2.8% |
| Plant, machinery and equipment | 23 | €15,734 | €15,293 | -€441 | -2.8% |
| Current assets | 29/58 | €1,321,797 | €1,475,975 | +€154,179 | +11.7% |
| Stocks and contracts in progress | 3 | - | €11,500 | +€11,500 | |
| Contracts in progress | 37 | - | €11,500 | +€11,500 | |
| Amounts receivable within one year | 40/41 | €1,296,039 | €1,435,928 | +€139,890 | +10.8% |
| Trade receivables | 40 | €867,690 | €1,164,179 | +€296,490 | +34.2% |
| Other amounts receivable | 41 | €428,349 | €271,749 | -€156,600 | -36.6% |
| Cash at bank and in hand | 54/58 | €11,057 | €10,098 | -€960 | -8.7% |
| Deferred charges and accrued income | 490/1 | €14,701 | €18,449 | +€3,749 | +25.5% |
| Total equity and liabilities | 10/49 | €1,337,531 | €1,491,268 | +€153,737 | +11.5% |
| Equity | 10/15 | €922,462 | €979,915 | +€57,453 | +6.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €860,070 | €916,750 | +€56,680 | +6.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €117,880 | €151,560 | +€33,680 | +28.6% |
| Distributable reserves | 133 | €735,990 | €758,990 | +€23,000 | +3.1% |
| Profit (loss) carried forward | 14 | €392 | €1,165 | +€773 | +197.4% |
| Provisions and deferred taxes | 16 | - | €1,991 | +€1,991 | |
| Provisions for liabilities and charges | 160/5 | - | €1,991 | +€1,991 | |
| Pensions and similar obligations | 160 | - | €1,991 | +€1,991 | |
| Amounts payable | 17/49 | €415,069 | €509,362 | +€94,293 | +22.7% |
| Amounts payable within one year | 42/48 | €415,069 | €509,362 | +€94,293 | +22.7% |
| Trade debts | 44 | €152,780 | €242,489 | +€89,709 | +58.7% |
| Suppliers | 440/4 | €152,780 | €242,489 | +€89,709 | +58.7% |
| Taxes, remuneration and social security | 45 | €189,989 | €200,873 | +€10,884 | +5.7% |
| Taxes | 450/3 | €36,953 | €69,808 | +€32,855 | +88.9% |
| Remuneration and social security | 454/9 | €153,035 | €131,065 | -€21,971 | -14.4% |
| Other amounts payable | 47/48 | €72,300 | €66,000 | -€6,300 | -8.7% |
| Turnover | 70 | €2,417,890 | €2,515,798 | +€97,907 | +4.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €859,758 | €1,175,972 | +€316,214 | +36.8% |
| Remuneration, social security and pensions | 62 | €1,272,549 | €1,155,458 | -€117,091 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,455 | €9,125 | +€670 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,991 | +€1,991 | |
| Other operating charges | 640/8 | €7,776 | €5,982 | -€1,794 | -23.1% |
| Non-recurring operating charges | 66A | €285 | €831 | +€547 | +192.1% |
| Gross operating margin | 9900 | €1,586,496 | €1,366,943 | -€219,552 | -13.8% |
| Operating profit (loss) | 9901 | €297,431 | €193,556 | -€103,875 | -34.9% |
| Financial income | 75/76B | €10,264 | €2,730 | -€7,534 | -73.4% |
| Recurring financial income | 75 | €10,264 | €2,730 | -€7,534 | -73.4% |
| Financial charges | 65/66B | €29,493 | €28,892 | -€601 | -2.0% |
| Recurring financial charges | 65 | €29,493 | €28,892 | -€601 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €278,203 | €167,394 | -€110,809 | -39.8% |
| Income taxes | 67/77 | €62,556 | €51,941 | -€10,616 | -17.0% |
| Profit (loss) for the period | 9904 | €215,646 | €115,453 | -€100,193 | -46.5% |
| Transfer from tax-exempt reserves | 789 | €79,990 | - | -€79,990 | |
| Transfer to tax-exempt reserves | 689 | €42,100 | €33,680 | -€8,420 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €253,536 | €81,773 | -€171,763 | -67.7% |
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 10 October 2026 via checked.be.