Le Buzz: 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.
Le Buzz
Largest movements
- Cash +€75,285
up €75,285 (+94.0%), from €80,070 to €155,355
mainly Accrued charges and deferred income (+€41,823) and Other debts (+€22,443)
- Tangible fixed assets -€11,137
down €11,137 (-21.8%), from €51,149 to €40,012
of which Furniture and vehicles: -€9,450
- Receivables within one year -€9,677
down €9,677 (-37.4%), from €25,907 to €16,229
of which Trade receivables: -€9,452
- Accrued charges and deferred income +€41,823
new in 2025: €41,823
- Other debts +€22,443
up €22,443 (+51.7%), from €43,392 to €65,835
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Trade debts +€10,969
up €10,969 (+92.4%), from €11,868 to €22,838
- Staff costs +€19,448
new in 2025: €19,448
- Taxes -€5,687
down €5,687 (-46.8%), from €12,146 to €6,459
- Gross operating margin +€611
up €611 (+1.2%), from €49,876 to €50,487
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.
Derived cash bridge
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 | €159,859 | €214,271 | +€54,412 | +34.0% |
| Fixed assets | 21/28 | €51,149 | €40,012 | -€11,137 | -21.8% |
| Tangible fixed assets | 22/27 | €51,149 | €40,012 | -€11,137 | -21.8% |
| Plant, machinery and equipment | 23 | €5,856 | €4,169 | -€1,687 | -28.8% |
| Furniture and vehicles | 24 | €45,293 | €35,842 | -€9,450 | -20.9% |
| Current assets | 29/58 | €108,710 | €174,259 | +€65,550 | +60.3% |
| Stocks and contracts in progress | 3 | €273 | €273 | = | 0.0% |
| Stocks | 30/36 | €273 | €273 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,907 | €16,229 | -€9,677 | -37.4% |
| Trade receivables | 40 | €25,682 | €16,229 | -€9,452 | -36.8% |
| Other amounts receivable | 41 | €225 | €0 | -€225 | -100% |
| Cash at bank and in hand | 54/58 | €80,070 | €155,355 | +€75,285 | +94.0% |
| Deferred charges and accrued income | 490/1 | €2,461 | €2,402 | -€59 | -2.4% |
| Total equity and liabilities | 10/49 | €159,859 | €214,271 | +€54,412 | +34.0% |
| Equity | 10/15 | €97,890 | €78,745 | -€19,145 | -19.6% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €79,290 | €77,745 | -€1,545 | -1.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €77,430 | €77,745 | +€315 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,969 | €135,526 | +€73,557 | +119% |
| Amounts payable within one year | 42/48 | €61,969 | €93,703 | +€31,735 | +51.2% |
| Trade debts | 44 | €11,868 | €22,838 | +€10,969 | +92.4% |
| Suppliers | 440/4 | €11,868 | €22,838 | +€10,969 | +92.4% |
| Taxes, remuneration and social security | 45 | €6,708 | €5,030 | -€1,678 | -25.0% |
| Taxes | 450/3 | €6,708 | €1,927 | -€4,782 | -71.3% |
| Remuneration and social security | 454/9 | - | €3,104 | +€3,104 | |
| Other amounts payable | 47/48 | €43,392 | €65,835 | +€22,443 | +51.7% |
| Accrued charges and deferred income | 492/3 | - | €41,823 | +€41,823 | |
| Remuneration, social security and pensions | 62 | - | €19,448 | +€19,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,137 | €11,137 | = | 0.0% |
| Other operating charges | 640/8 | €2,978 | €3,193 | +€215 | +7.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €49,876 | €50,487 | +€611 | +1.2% |
| Operating profit (loss) | 9901 | €35,761 | €16,709 | -€19,052 | -53.3% |
| Financial income | 75/76B | €14 | €292 | +€279 | +2,034% |
| Recurring financial income | 75 | €14 | €292 | +€279 | +2,034% |
| Financial charges | 65/66B | €175 | €85 | -€90 | -51.5% |
| Recurring financial charges | 65 | €175 | €85 | -€90 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €35,600 | €16,916 | -€18,683 | -52.5% |
| Income taxes | 67/77 | €12,146 | €6,459 | -€5,687 | -46.8% |
| Profit (loss) for the period | 9904 | €23,453 | €10,457 | -€12,996 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,453 | €10,457 | -€12,996 | -55.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.