Bubble Texcare: 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.
Bubble Texcare
Largest movements
- Tangible fixed assets +€796,635
up €796,635 (+220%), from €362,747 to €1.2m
of which Assets under construction and advance payments: +€801,601
- Cash +€61,793
up €61,793 (+150%), from €41,211 to €103,004
mainly Other debts (+€1.0m) and Trade debts (+€170,823)
- Receivables within one year +€48,214
up €48,214 (+479%), from €10,069 to €58,283
of which Trade receivables: +€31,339
- Other debts +€1.0m
up €1.0m (+225%), from €452,910 to €1.5m
- Profit (loss) carried forward -€299,512
down €299,512 (-173%), from -€173,203 to -€472,715
- Trade debts +€170,823
up €170,823 (+4,938%), from €3,459 to €174,282
- Tax, wage and social debts +€14,212
up €14,212 (+180%), from €7,879 to €22,091
- Staff costs +€116,650
up €116,650 (+190%), from €61,474 to €178,124
- Gross operating margin -€41,535
down €41,535 (-98.5%), from -€42,157 to -€83,692
- Financial charges +€11,377
up €11,377 (+59.2%), from €19,218 to €30,595
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 | €441,045 | €1,345,853 | +€904,808 | +205% |
| Fixed assets | 21/28 | €380,460 | €1,177,095 | +€796,635 | +209% |
| Tangible fixed assets | 22/27 | €362,747 | €1,159,382 | +€796,635 | +220% |
| Land and buildings | 22 | €293,656 | €287,658 | -€5,997 | -2.0% |
| Furniture and vehicles | 24 | - | €1,031 | +€1,031 | |
| Assets under construction and advance payments | 27 | €69,091 | €870,692 | +€801,601 | +1,160% |
| Financial fixed assets | 28 | €17,713 | €17,713 | = | 0.0% |
| Current assets | 29/58 | €60,585 | €168,758 | +€108,173 | +179% |
| Amounts receivable within one year | 40/41 | €10,069 | €58,283 | +€48,214 | +479% |
| Trade receivables | 40 | €3,136 | €34,475 | +€31,339 | +999% |
| Other amounts receivable | 41 | €6,933 | €23,808 | +€16,875 | +243% |
| Cash at bank and in hand | 54/58 | €41,211 | €103,004 | +€61,793 | +150% |
| Deferred charges and accrued income | 490/1 | €9,305 | €7,471 | -€1,834 | -19.7% |
| Total equity and liabilities | 10/49 | €441,045 | €1,345,853 | +€904,808 | +205% |
| Equity | 10/15 | -€23,203 | -€322,715 | -€299,512 | -1,291% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,203 | -€472,715 | -€299,512 | -173% |
| Amounts payable | 17/49 | €464,248 | €1,668,568 | +€1.2m | +259% |
| Amounts payable within one year | 42/48 | €464,248 | €1,668,568 | +€1.2m | +259% |
| Trade debts | 44 | €3,459 | €174,282 | +€170,823 | +4,938% |
| Suppliers | 440/4 | €3,459 | €174,282 | +€170,823 | +4,938% |
| Taxes, remuneration and social security | 45 | €7,879 | €22,091 | +€14,212 | +180% |
| Remuneration and social security | 454/9 | €7,879 | €22,091 | +€14,212 | +180% |
| Other amounts payable | 47/48 | €452,910 | €1,472,195 | +€1.0m | +225% |
| Remuneration, social security and pensions | 62 | €61,474 | €178,124 | +€116,650 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,997 | €6,056 | +€59 | +1.0% |
| Other operating charges | 640/8 | €772 | €738 | -€34 | -4.4% |
| Gross operating margin | 9900 | -€42,157 | -€83,692 | -€41,535 | -98.5% |
| Operating profit (loss) | 9901 | -€110,400 | -€268,610 | -€158,209 | -143% |
| Financial charges | 65/66B | €19,218 | €30,595 | +€11,377 | +59.2% |
| Recurring financial charges | 65 | €19,218 | €30,595 | +€11,377 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | -€129,618 | -€299,204 | -€169,586 | -131% |
| Income taxes | 67/77 | - | €308 | +€308 | |
| Profit (loss) for the period | 9904 | -€129,618 | -€299,512 | -€169,894 | -131% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,618 | -€299,512 | -€169,894 | -131% |
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 24 October 2026 via checked.be.