Brussels Bubbles: 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.
Brussels Bubbles
Largest movements
- Cash +€10,326
up €10,326 (+16.0%), from €64,570 to €74,896
mainly Net result for the year (+€13,772) and Other debts (+€9,612)
- Receivables within one year +€2,405
up €2,405 (+5.8%), from €41,198 to €43,603
of which Trade receivables: +€3,514
- Deferred charges and accrued income +€1,758
up €1,758 (+1,984%), from €89 to €1,846
- Tax, wage and social debts -€12,193
down €12,193 (-40.9%), from €29,797 to €17,605
- Profit (loss) carried forward +€12,106
up €12,106 (+31.5%), from €38,432 to €50,538
- Other debts +€9,612
up €9,612 (+120%), from €8,023 to €17,635
- Trade debts +€4,092
up €4,092 (+20.3%), from €20,140 to €24,232
- Gross operating margin -€14,882
down €14,882 (-43.3%), from €34,342 to €19,460
- Taxes -€3,650
down €3,650 (-43.0%), from €8,484 to €4,835
- Depreciation -€496
down €496 (-40.7%), from €1,218 to €722
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 | €107,320 | €121,087 | +€13,767 | +12.8% |
| Fixed assets | 21/28 | €1,464 | €742 | -€722 | -49.3% |
| Tangible fixed assets | 22/27 | €1,464 | €742 | -€722 | -49.3% |
| Plant, machinery and equipment | 23 | €128 | - | -€128 | |
| Furniture and vehicles | 24 | €1,336 | €742 | -€594 | -44.4% |
| Current assets | 29/58 | €105,856 | €120,345 | +€14,489 | +13.7% |
| Amounts receivable within one year | 40/41 | €41,198 | €43,603 | +€2,405 | +5.8% |
| Trade receivables | 40 | €38,928 | €42,442 | +€3,514 | +9.0% |
| Other amounts receivable | 41 | €2,270 | €1,161 | -€1,109 | -48.8% |
| Cash at bank and in hand | 54/58 | €64,570 | €74,896 | +€10,326 | +16.0% |
| Deferred charges and accrued income | 490/1 | €89 | €1,846 | +€1,758 | +1,984% |
| Total equity and liabilities | 10/49 | €107,320 | €121,087 | +€13,767 | +12.8% |
| Equity | 10/15 | €44,432 | €56,538 | +€12,106 | +27.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,432 | €50,538 | +€12,106 | +31.5% |
| Amounts payable | 17/49 | €62,889 | €64,549 | +€1,661 | +2.6% |
| Amounts payable within one year | 42/48 | €62,889 | €64,549 | +€1,661 | +2.6% |
| Trade debts | 44 | €20,140 | €24,232 | +€4,092 | +20.3% |
| Suppliers | 440/4 | €20,140 | €24,232 | +€4,092 | +20.3% |
| Advances received on contracts in progress | 46 | €4,928 | €5,078 | +€150 | +3.0% |
| Taxes, remuneration and social security | 45 | €29,797 | €17,605 | -€12,193 | -40.9% |
| Taxes | 450/3 | €29,797 | €17,605 | -€12,193 | -40.9% |
| Other amounts payable | 47/48 | €8,023 | €17,635 | +€9,612 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €722 | -€496 | -40.7% |
| Other operating charges | 640/8 | €75 | - | -€75 | |
| Gross operating margin | 9900 | €34,342 | €19,460 | -€14,882 | -43.3% |
| Operating profit (loss) | 9901 | €33,049 | €18,738 | -€14,311 | -43.3% |
| Financial income | 75/76B | €195 | €118 | -€78 | -39.7% |
| Recurring financial income | 75 | €195 | €118 | -€78 | -39.7% |
| Financial charges | 65/66B | €168 | €250 | +€82 | +48.7% |
| Recurring financial charges | 65 | €168 | €250 | +€82 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €33,077 | €18,607 | -€14,470 | -43.7% |
| Income taxes | 67/77 | €8,484 | €4,835 | -€3,650 | -43.0% |
| Profit (loss) for the period | 9904 | €24,592 | €13,772 | -€10,820 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,592 | €13,772 | -€10,820 | -44.0% |
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 28 October 2026 via checked.be.