BUBBELKONING: 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.
BUBBELKONING
Largest movements
- Cash +€474,888
up €474,888 (+234.6%), from €202,392 to €677,280
mainly Trade debts (+€525,597) and Advances received (+€80,708)
- Receivables within one year +€95,042
up €95,042 (+3302.3%), from €2,878 to €97,920
of which Trade receivables: +€96,056
- Tangible fixed assets -€63,994
down €63,994 (-6.6%), from €969,865 to €905,871
of which Land and buildings: -€63,135
- Stocks and contracts +€61,250
up €61,250 (+15.3%), from €399,809 to €461,059
- Trade debts +€525,597
up €525,597 (+240.8%), from €218,226 to €743,823
- Advances received +€80,708
up €80,708, from €0 to €80,708
- Debts after one year -€72,610
down €72,610 (-11.7%), from €618,653 to €546,043
- Profit (loss) carried forward +€26,922
up €26,922 (+4.7%), from €575,826 to €602,748
- Gross operating margin +€86,404
up €86,404 (+39.6%), from €218,115 to €304,520
- Staff costs +€72,212
up €72,212 (+62.9%), from €114,888 to €187,100
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 | €1,576,604 | €2,146,845 | +€570,242 | +36.2% |
| Fixed assets | 21/28 | €970,492 | €906,499 | -€63,994 | -6.6% |
| Tangible fixed assets | 22/27 | €969,865 | €905,871 | -€63,994 | -6.6% |
| Land and buildings | 22 | €966,044 | €902,908 | -€63,135 | -6.5% |
| Furniture and vehicles | 24 | €1,673 | €1,255 | -€418 | -25.0% |
| Other tangible fixed assets | 26 | €2,148 | €1,708 | -€441 | -20.5% |
| Financial fixed assets | 28 | €628 | €628 | = | 0.0% |
| Current assets | 29/58 | €606,111 | €1,240,347 | +€634,235 | +104.6% |
| Stocks and contracts in progress | 3 | €399,809 | €461,059 | +€61,250 | +15.3% |
| Stocks | 30/36 | €399,809 | €461,059 | +€61,250 | +15.3% |
| Amounts receivable within one year | 40/41 | €2,878 | €97,920 | +€95,042 | +3302.3% |
| Trade receivables | 40 | €1,245 | €97,301 | +€96,056 | +7714.3% |
| Other amounts receivable | 41 | €1,633 | €619 | -€1,014 | -62.1% |
| Cash at bank and in hand | 54/58 | €202,392 | €677,280 | +€474,888 | +234.6% |
| Deferred charges and accrued income | 490/1 | €1,032 | €4,088 | +€3,056 | +296.0% |
| Total equity and liabilities | 10/49 | €1,576,604 | €2,146,845 | +€570,242 | +36.2% |
| Equity | 10/15 | €596,286 | €623,208 | +€26,922 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €575,826 | €602,748 | +€26,922 | +4.7% |
| Amounts payable | 17/49 | €980,318 | €1,523,638 | +€543,320 | +55.4% |
| Amounts payable after more than one year | 17 | €618,653 | €546,043 | -€72,610 | -11.7% |
| Financial debts | 170/4 | €618,653 | €546,043 | -€72,610 | -11.7% |
| Amounts payable within one year | 42/48 | €361,665 | €977,595 | +€615,930 | +170.3% |
| Current portion of amounts payable after more than one year | 42 | €76,606 | €72,610 | -€3,996 | -5.2% |
| Trade debts | 44 | €218,226 | €743,823 | +€525,597 | +240.8% |
| Suppliers | 440/4 | €218,226 | €743,823 | +€525,597 | +240.8% |
| Advances received on contracts in progress | 46 | €0 | €80,708 | +€80,708 | |
| Taxes, remuneration and social security | 45 | €63,632 | €77,984 | +€14,351 | +22.6% |
| Taxes | 450/3 | €40,897 | €45,328 | +€4,431 | +10.8% |
| Remuneration and social security | 454/9 | €22,735 | €32,656 | +€9,920 | +43.6% |
| Other amounts payable | 47/48 | €3,200 | €2,470 | -€730 | -22.8% |
| Remuneration, social security and pensions | 62 | €114,888 | €187,100 | +€72,212 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,869 | €63,994 | +€125 | +0.2% |
| Other operating charges | 640/8 | €10,925 | €11,706 | +€781 | +7.2% |
| Gross operating margin | 9900 | €218,115 | €304,520 | +€86,404 | +39.6% |
| Operating profit (loss) | 9901 | €28,433 | €41,720 | +€13,287 | +46.7% |
| Financial income | 75/76B | €101 | €67 | -€33 | -33.0% |
| Recurring financial income | 75 | €101 | €67 | -€33 | -33.0% |
| Financial charges | 65/66B | €17,297 | €14,865 | -€2,432 | -14.1% |
| Recurring financial charges | 65 | €17,297 | €14,865 | -€2,432 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €11,236 | €26,922 | +€15,686 | +139.6% |
| Profit (loss) for the period | 9904 | €11,236 | €26,922 | +€15,686 | +139.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,236 | €26,922 | +€15,686 | +139.6% |
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 12 October 2026 via checked.be.