SO BUZZY: 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.
SO BUZZY
Largest movements
- Receivables within one year +€93,806
up €93,806 (+138.9%), from €67,550 to €161,356
of which Trade receivables: +€95,393
- Cash +€56,869
up €56,869 (+27.9%), from €203,983 to €260,851
mainly Net result for the year (+€102,386) and Tax, wage and social debts (+€80,023)
- Tangible fixed assets -€23,994
down €23,994 (-3.1%), from €780,429 to €756,435
of which Land and buildings: -€18,960
- Reserves +€100,720
up €100,720 (+37.4%), from €269,541 to €370,261
of which Distributable reserves: +€100,720
- Tax, wage and social debts +€80,023
up €80,023 (+87.5%), from €91,504 to €171,527
of which Taxes: +€86,283
- Debts after one year -€54,454
down €54,454 (-11.3%), from €482,903 to €428,448
- Accrued charges and deferred income +€39,928
new in 2025: €39,928
- Other debts -€37,679
down €37,679 (-62.7%), from €60,140 to €22,461
- Staff costs -€53,902
down €53,902 (-8.2%), from €660,454 to €606,552
- Gross operating margin -€38,398
down €38,398 (-4.2%), from €912,132 to €873,735
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 | €1,082,114 | €1,208,982 | +€126,868 | +11.7% |
| Fixed assets | 21/28 | €780,581 | €756,587 | -€23,994 | -3.1% |
| Tangible fixed assets | 22/27 | €780,429 | €756,435 | -€23,994 | -3.1% |
| Land and buildings | 22 | €705,413 | €686,453 | -€18,960 | -2.7% |
| Plant, machinery and equipment | 23 | €17,435 | €27,755 | +€10,321 | +59.2% |
| Furniture and vehicles | 24 | €55,858 | €40,716 | -€15,142 | -27.1% |
| Other tangible fixed assets | 26 | €1,723 | €1,511 | -€212 | -12.3% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €301,533 | €452,395 | +€150,862 | +50.0% |
| Amounts receivable within one year | 40/41 | €67,550 | €161,356 | +€93,806 | +138.9% |
| Trade receivables | 40 | €65,962 | €161,356 | +€95,393 | +144.6% |
| Other amounts receivable | 41 | €1,588 | - | -€1,588 | |
| Current investments | 50/53 | €30,000 | €30,188 | +€188 | +0.6% |
| Cash at bank and in hand | 54/58 | €203,983 | €260,851 | +€56,869 | +27.9% |
| Total equity and liabilities | 10/49 | €1,082,114 | €1,208,982 | +€126,868 | +11.7% |
| Equity | 10/15 | €275,741 | €376,461 | +€100,720 | +36.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €269,541 | €370,261 | +€100,720 | +37.4% |
| Tax-exempt reserves | 132 | €1,298 | €1,298 | = | 0.0% |
| Distributable reserves | 133 | €268,243 | €368,964 | +€100,720 | +37.5% |
| Amounts payable | 17/49 | €806,373 | €832,521 | +€26,147 | +3.2% |
| Amounts payable after more than one year | 17 | €482,903 | €428,448 | -€54,454 | -11.3% |
| Financial debts | 170/4 | €482,903 | €428,448 | -€54,454 | -11.3% |
| Amounts payable within one year | 42/48 | €323,471 | €364,145 | +€40,674 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €55,697 | €54,454 | -€1,243 | -2.2% |
| Trade debts | 44 | €116,130 | €115,703 | -€427 | -0.4% |
| Suppliers | 440/4 | €116,130 | €115,703 | -€427 | -0.4% |
| Taxes, remuneration and social security | 45 | €91,504 | €171,527 | +€80,023 | +87.5% |
| Taxes | 450/3 | €34,971 | €121,254 | +€86,283 | +246.7% |
| Remuneration and social security | 454/9 | €56,533 | €50,273 | -€6,260 | -11.1% |
| Other amounts payable | 47/48 | €60,140 | €22,461 | -€37,679 | -62.7% |
| Accrued charges and deferred income | 492/3 | - | €39,928 | +€39,928 | |
| Remuneration, social security and pensions | 62 | €660,454 | €606,552 | -€53,902 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,836 | €66,397 | +€1,560 | +2.4% |
| Other operating charges | 640/8 | €9,260 | €11,884 | +€2,624 | +28.3% |
| Non-recurring operating charges | 66A | €798 | - | -€798 | |
| Gross operating margin | 9900 | €912,132 | €873,735 | -€38,398 | -4.2% |
| Operating profit (loss) | 9901 | €176,784 | €188,902 | +€12,118 | +6.9% |
| Financial income | 75/76B | €4,685 | €2,691 | -€1,995 | -42.6% |
| Recurring financial income | 75 | €4,685 | €2,691 | -€1,995 | -42.6% |
| Financial charges | 65/66B | €39,743 | €37,599 | -€2,144 | -5.4% |
| Recurring financial charges | 65 | €39,743 | €37,599 | -€2,144 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €141,726 | €153,993 | +€12,267 | +8.7% |
| Income taxes | 67/77 | €50,113 | €51,607 | +€1,493 | +3.0% |
| Profit (loss) for the period | 9904 | €91,613 | €102,386 | +€10,774 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,613 | €102,386 | +€10,774 | +11.8% |
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 6 October 2026 via checked.be.