BUB INDUSTRIE: 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.
What changed
BUB INDUSTRIE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€261
2024 · €83,254-€82,993
Equity
€762,126
2024 · €1.5m-€749,739
Cash
€649,492
2024 · €661,292-€11,800
Balance sheet total
€1.5m
2024 · €1.5m+€4,614
Largest movements
Assets
- Receivables within one year +€19,419
up €19,419 (+4.8%), from €404,762 to €424,181
of which Other amounts receivable: +€25,685
Equity and liabilities
- Other debts +€750,000
new in 2025: €750,000
- Profit (loss) carried forward -€749,739
down €749,739 (-51.3%), from €1.5m to €711,305
Income statement
- Gross operating margin -€112,835
down €112,835 (-83.9%), from €134,469 to €21,634
- Taxes -€27,720
down €27,720 (-99.0%), from €27,989 to €269
- Financial income +€2,983
up €2,983 (+25.9%), from €11,520 to €14,503
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
€83,254
Gross operating margin
-€112,835
Depreciation
+€0
Other operating charges
-€817
Financial income
+€2,983
Financial charges
-€44
Taxes
+€27,720
Result 2025
€261
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
+€738,200
Investment
€0
Financing
-€750,000
Cash 2024
€661,292
From operations (derived)
+€738,200
Net result for the year
+€261
Depreciation
+€7,528
Receivables within one year
-€19,419
Deferred charges and accrued income
-€4,522
Smaller working-capital items
+€2,265
Other debts
+€750,000
Accrued charges and deferred income
+€2,088
Financing
-€750,000
Contributions, distributions and other
-€750,000
Cash 2025
€649,492
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,539,978 | €1,544,592 | +€4,614 | +0.3% |
| Fixed assets | 21/28 | €209,521 | €201,993 | -€7,528 | -3.6% |
| Tangible fixed assets | 22/27 | €209,521 | €201,993 | -€7,528 | -3.6% |
| Land and buildings | 22 | €200,447 | €193,958 | -€6,490 | -3.2% |
| Plant, machinery and equipment | 23 | €9,073 | €8,035 | -€1,038 | -11.4% |
| Current assets | 29/58 | €1,330,458 | €1,342,599 | +€12,142 | +0.9% |
| Amounts receivable within one year | 40/41 | €404,762 | €424,181 | +€19,419 | +4.8% |
| Trade receivables | 40 | €16,333 | €10,067 | -€6,266 | -38.4% |
| Other amounts receivable | 41 | €388,429 | €414,114 | +€25,685 | +6.6% |
| Current investments | 50/53 | €260,175 | €260,175 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €661,292 | €649,492 | -€11,800 | -1.8% |
| Deferred charges and accrued income | 490/1 | €4,228 | €8,751 | +€4,522 | +107.0% |
| Total equity and liabilities | 10/49 | €1,539,978 | €1,544,592 | +€4,614 | +0.3% |
| Equity | 10/15 | €1,511,866 | €762,126 | -€749,739 | -49.6% |
| Contributions | 10/11 | €45,952 | €45,952 | = | 0.0% |
| Reserves | 13 | €4,869 | €4,869 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,595 | €0 | -€4,595 | -100.0% |
| Reserves not available under the articles | 1311 | €4,595 | €0 | -€4,595 | -100.0% |
| Tax-exempt reserves | 132 | €273 | €273 | = | 0.0% |
| Distributable reserves | 133 | - | €4,595 | +€4,595 | |
| Profit (loss) carried forward | 14 | €1,461,045 | €711,305 | -€749,739 | -51.3% |
| Amounts payable | 17/49 | €28,113 | €782,466 | +€754,353 | +2683.3% |
| Amounts payable within one year | 42/48 | €28,113 | €780,378 | +€752,265 | +2675.9% |
| Trade debts | 44 | €27,257 | €28,049 | +€792 | +2.9% |
| Suppliers | 440/4 | €27,257 | €28,049 | +€792 | +2.9% |
| Taxes, remuneration and social security | 45 | €856 | €2,329 | +€1,473 | +172.2% |
| Taxes | 450/3 | €856 | €2,329 | +€1,473 | +172.2% |
| Other amounts payable | 47/48 | - | €750,000 | +€750,000 | |
| Accrued charges and deferred income | 492/3 | - | €2,088 | +€2,088 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,528 | €7,528 | -€0 | 0.0% |
| Other operating charges | 640/8 | €26,834 | €27,651 | +€817 | +3.0% |
| Gross operating margin | 9900 | €134,469 | €21,634 | -€112,835 | -83.9% |
| Operating profit (loss) | 9901 | €100,108 | -€13,544 | -€113,652 | |
| Financial income | 75/76B | €11,520 | €14,503 | +€2,983 | +25.9% |
| Recurring financial income | 75 | €11,520 | €14,503 | +€2,983 | +25.9% |
| Financial charges | 65/66B | €386 | €430 | +€44 | +11.4% |
| Recurring financial charges | 65 | €386 | €430 | +€44 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €111,243 | €529 | -€110,713 | -99.5% |
| Income taxes | 67/77 | €27,989 | €269 | -€27,720 | -99.0% |
| Profit (loss) for the period | 9904 | €83,254 | €261 | -€82,993 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,254 | €261 | -€82,993 | -99.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.