Bubbels & Wine: 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 & Wine
Largest movements
- Stocks and contracts +€51,824
up €51,824 (+29,362%), from €177 to €52,000
- Cash +€22,247
up €22,247 (+173%), from €12,834 to €35,081
mainly Trade debts (+€44,124) and Net result for the year (+€20,618)
- Tangible fixed assets -€10,945
down €10,945 (-19.6%), from €55,960 to €45,015
of which Other tangible fixed assets: -€7,627
- Deferred charges and accrued income +€4,753
up €4,753 (+163%), from €2,923 to €7,676
- Receivables within one year +€4,461
up €4,461 (+5.6%), from €79,552 to €84,013
of which Trade receivables: +€6,948
- Trade debts +€44,124
up €44,124 (+57.9%), from €76,199 to €120,323
- Profit (loss) carried forward +€20,618
up €20,618 (+52.0%), from -€39,672 to -€19,054
- Tax, wage and social debts +€15,353
up €15,353 (+421%), from €3,647 to €19,000
of which Taxes: +€15,353
- Debts after one year -€4,138
no longer reported in 2025 (was €4,138)
- Current portion of long-term debt -€4,044
down €4,044 (-49.4%), from €8,183 to €4,138
- Gross operating margin +€47,211
up €47,211, from -€9,003 to €38,208
- Other operating charges -€1,394
down €1,394 (-60.0%), from €2,323 to €929
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 | €153,106 | €224,039 | +€70,933 | +46.3% |
| Formation expenses | 20 | €837 | €124 | -€712 | -85.1% |
| Fixed assets | 21/28 | €56,784 | €45,145 | -€11,640 | -20.5% |
| Intangible fixed assets | 21 | €824 | €129 | -€695 | -84.3% |
| Tangible fixed assets | 22/27 | €55,960 | €45,015 | -€10,945 | -19.6% |
| Plant, machinery and equipment | 23 | €2,967 | €656 | -€2,311 | -77.9% |
| Furniture and vehicles | 24 | €1,294 | €288 | -€1,007 | -77.8% |
| Other tangible fixed assets | 26 | €51,698 | €44,071 | -€7,627 | -14.8% |
| Current assets | 29/58 | €95,485 | €178,770 | +€83,285 | +87.2% |
| Stocks and contracts in progress | 3 | €177 | €52,000 | +€51,824 | +29,362% |
| Stocks | 30/36 | €177 | €52,000 | +€51,824 | +29,362% |
| Amounts receivable within one year | 40/41 | €79,552 | €84,013 | +€4,461 | +5.6% |
| Trade receivables | 40 | €76,534 | €83,482 | +€6,948 | +9.1% |
| Other amounts receivable | 41 | €3,018 | €531 | -€2,487 | -82.4% |
| Cash at bank and in hand | 54/58 | €12,834 | €35,081 | +€22,247 | +173% |
| Deferred charges and accrued income | 490/1 | €2,923 | €7,676 | +€4,753 | +163% |
| Total equity and liabilities | 10/49 | €153,106 | €224,039 | +€70,933 | +46.3% |
| Equity | 10/15 | €59,328 | €79,946 | +€20,618 | +34.8% |
| Contributions | 10/11 | €99,000 | €99,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,672 | -€19,054 | +€20,618 | +52.0% |
| Amounts payable | 17/49 | €93,778 | €144,093 | +€50,315 | +53.7% |
| Amounts payable after more than one year | 17 | €4,138 | - | -€4,138 | |
| Financial debts | 170/4 | €4,138 | - | -€4,138 | |
| Amounts payable within one year | 42/48 | €89,640 | €144,093 | +€54,453 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | €8,183 | €4,138 | -€4,044 | -49.4% |
| Trade debts | 44 | €76,199 | €120,323 | +€44,124 | +57.9% |
| Suppliers | 440/4 | €76,199 | €120,323 | +€44,124 | +57.9% |
| Taxes, remuneration and social security | 45 | €3,647 | €19,000 | +€15,353 | +421% |
| Taxes | 450/3 | €1,997 | €17,350 | +€15,353 | +769% |
| Remuneration and social security | 454/9 | €1,650 | €1,650 | = | 0.0% |
| Other amounts payable | 47/48 | €1,612 | €632 | -€980 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,550 | €14,635 | +€85 | +0.6% |
| Other operating charges | 640/8 | €2,323 | €929 | -€1,394 | -60.0% |
| Gross operating margin | 9900 | -€9,003 | €38,208 | +€47,211 | |
| Operating profit (loss) | 9901 | -€25,876 | €22,643 | +€48,520 | |
| Financial income | 75/76B | €211 | €407 | +€195 | +92.6% |
| Recurring financial income | 75 | €211 | €407 | +€195 | +92.6% |
| Financial charges | 65/66B | €2,362 | €2,203 | -€159 | -6.7% |
| Recurring financial charges | 65 | €2,362 | €2,203 | -€159 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,027 | €20,847 | +€48,874 | |
| Income taxes | 67/77 | - | €229 | +€229 | |
| Profit (loss) for the period | 9904 | -€28,027 | €20,618 | +€48,645 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,027 | €20,618 | +€48,645 |
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 21 October 2026 via checked.be.