BUBBELS EN CO: 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.
BUBBELS EN CO
Largest movements
- Tangible fixed assets +€25,482
up €25,482 (+31.3%), from €81,348 to €106,830
of which Plant, machinery and equipment: +€26,411
- Cash -€2,522
down €2,522 (-67.0%), from €3,762 to €1,240
mainly Investment in fixed assets (net) (-€42,642) and Contributions, distributions and other (-€14,286)
- Current investments +€1,716
up €1,716 (+131%), from €1,307 to €3,022
- Other debts +€12,786
up €12,786 (+547%), from €2,336 to €15,122
- Short-term financial debts +€11,400
up €11,400 (+78.1%), from €14,600 to €26,000
- Reserves +€5,492
up €5,492 (+6.0%), from €91,337 to €96,828
- Trade debts -€4,522
down €4,522 (-60.0%), from €7,537 to €3,016
- Tax, wage and social debts -€2,475
down €2,475 (-62.6%), from €3,953 to €1,477
- Gross operating margin -€11,745
down €11,745 (-20.5%), from €57,306 to €45,561
- Depreciation -€4,996
down €4,996 (-22.5%), from €22,156 to €17,160
- Other operating charges -€4,595
down €4,595 (-80.9%), from €5,683 to €1,088
- Taxes -€1,275
down €1,275 (-14.4%), from €8,823 to €7,548
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 | €138,362 | €161,043 | +€22,681 | +16.4% |
| Fixed assets | 21/28 | €81,748 | €107,230 | +€25,482 | +31.2% |
| Tangible fixed assets | 22/27 | €81,348 | €106,830 | +€25,482 | +31.3% |
| Plant, machinery and equipment | 23 | €79,079 | €105,490 | +€26,411 | +33.4% |
| Furniture and vehicles | 24 | €2,269 | €1,339 | -€930 | -41.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €56,614 | €53,813 | -€2,801 | -4.9% |
| Stocks and contracts in progress | 3 | €6,402 | €5,874 | -€528 | -8.3% |
| Stocks | 30/36 | €6,402 | €5,874 | -€528 | -8.3% |
| Amounts receivable within one year | 40/41 | €29,813 | €28,896 | -€917 | -3.1% |
| Trade receivables | 40 | €23,636 | €23,944 | +€308 | +1.3% |
| Other amounts receivable | 41 | €6,177 | €4,952 | -€1,225 | -19.8% |
| Current investments | 50/53 | €1,307 | €3,022 | +€1,716 | +131% |
| Cash at bank and in hand | 54/58 | €3,762 | €1,240 | -€2,522 | -67.0% |
| Deferred charges and accrued income | 490/1 | €15,331 | €14,781 | -€550 | -3.6% |
| Total equity and liabilities | 10/49 | €138,362 | €161,043 | +€22,681 | +16.4% |
| Equity | 10/15 | €109,937 | €115,428 | +€5,492 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,337 | €96,828 | +€5,492 | +6.0% |
| Distributable reserves | 133 | €91,337 | €96,828 | +€5,492 | +6.0% |
| Amounts payable | 17/49 | €28,426 | €45,615 | +€17,189 | +60.5% |
| Amounts payable within one year | 42/48 | €28,426 | €45,615 | +€17,189 | +60.5% |
| Financial debts | 43 | €14,600 | €26,000 | +€11,400 | +78.1% |
| Credit institutions | 430/8 | €14,600 | €26,000 | +€11,400 | +78.1% |
| Trade debts | 44 | €7,537 | €3,016 | -€4,522 | -60.0% |
| Suppliers | 440/4 | €7,537 | €3,016 | -€4,522 | -60.0% |
| Taxes, remuneration and social security | 45 | €3,953 | €1,477 | -€2,475 | -62.6% |
| Taxes | 450/3 | €3,953 | €1,477 | -€2,475 | -62.6% |
| Other amounts payable | 47/48 | €2,336 | €15,122 | +€12,786 | +547% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,156 | €17,160 | -€4,996 | -22.5% |
| Other operating charges | 640/8 | €5,683 | €1,088 | -€4,595 | -80.9% |
| Gross operating margin | 9900 | €57,306 | €45,561 | -€11,745 | -20.5% |
| Operating profit (loss) | 9901 | €29,467 | €27,313 | -€2,154 | -7.3% |
| Financial income | 75/76B | €8 | €56 | +€47 | +564% |
| Recurring financial income | 75 | €8 | €56 | +€47 | +564% |
| Financial charges | 65/66B | €45 | €43 | -€2 | -5.1% |
| Recurring financial charges | 65 | €45 | €43 | -€2 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €29,430 | €27,326 | -€2,105 | -7.2% |
| Income taxes | 67/77 | €8,823 | €7,548 | -€1,275 | -14.4% |
| Profit (loss) for the period | 9904 | €20,607 | €19,777 | -€830 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,607 | €19,777 | -€830 | -4.0% |
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 26 October 2026 via checked.be.