BUBBLE TIME: 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.
BUBBLE TIME
Largest movements
- Cash -€16,156
down €16,156 (-35.3%), from €45,832 to €29,676
mainly Tax, wage and social debts (-€26,448) and Other debts (-€194)
- Receivables within one year -€6,764
down €6,764 (-86.7%), from €7,800 to €1,036
of which Trade receivables: -€7,026
- Tangible fixed assets -€717
down €717 (-9.5%), from €7,530 to €6,813
- Tax, wage and social debts -€26,448
no longer reported in 2025 (was €26,448)
of which Remuneration and social security: -€21,600
- Trade debts +€2,374
up €2,374 (+27.8%), from €8,548 to €10,922
- Gross operating margin +€1,492
up €1,492 (+80.6%), from €1,851 to €3,342
- Other operating charges +€785
up €785 (+62.8%), from €1,249 to €2,033
- Financial charges +€167
up €167 (+231.6%), from €72 to €239
- Financial income -€75
down €75 (-88.8%), from €85 to €10
of which Financial income: -€75
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 | €61,637 | €37,870 | -€23,767 | -38.6% |
| Fixed assets | 21/28 | €7,530 | €6,813 | -€717 | -9.5% |
| Tangible fixed assets | 22/27 | €7,530 | €6,813 | -€717 | -9.5% |
| Plant, machinery and equipment | 23 | €7,530 | €6,813 | -€717 | -9.5% |
| Current assets | 29/58 | €54,107 | €31,057 | -€23,050 | -42.6% |
| Amounts receivable within one year | 40/41 | €7,800 | €1,036 | -€6,764 | -86.7% |
| Trade receivables | 40 | €7,800 | €775 | -€7,026 | -90.1% |
| Other amounts receivable | 41 | - | €262 | +€262 | |
| Cash at bank and in hand | 54/58 | €45,832 | €29,676 | -€16,156 | -35.3% |
| Deferred charges and accrued income | 490/1 | €475 | €345 | -€130 | -27.4% |
| Total equity and liabilities | 10/49 | €61,637 | €37,870 | -€23,767 | -38.6% |
| Equity | 10/15 | -€31,671 | -€31,308 | +€363 | +1.1% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,071 | -€37,708 | +€363 | +1.0% |
| Amounts payable | 17/49 | €93,308 | €69,178 | -€24,130 | -25.9% |
| Amounts payable after more than one year | 17 | €58,110 | €57,919 | -€191 | -0.3% |
| Other amounts payable | 178/9 | €58,110 | €57,919 | -€191 | -0.3% |
| Amounts payable within one year | 42/48 | €35,198 | €10,930 | -€24,267 | -68.9% |
| Trade debts | 44 | €8,548 | €10,922 | +€2,374 | +27.8% |
| Suppliers | 440/4 | €8,548 | €10,922 | +€2,374 | +27.8% |
| Taxes, remuneration and social security | 45 | €26,448 | - | -€26,448 | |
| Taxes | 450/3 | €4,848 | - | -€4,848 | |
| Remuneration and social security | 454/9 | €21,600 | - | -€21,600 | |
| Other amounts payable | 47/48 | €202 | €8 | -€194 | -96.0% |
| Accrued charges and deferred income | 492/3 | - | €329 | +€329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €717 | €717 | = | 0.0% |
| Other operating charges | 640/8 | €1,249 | €2,033 | +€785 | +62.8% |
| Gross operating margin | 9900 | €1,851 | €3,342 | +€1,492 | +80.6% |
| Operating profit (loss) | 9901 | -€115 | €592 | +€707 | |
| Financial income | 75/76B | €85 | €10 | -€75 | -88.8% |
| Recurring financial income | 75 | €85 | €10 | -€75 | -88.8% |
| Non-recurring financial income | 76B | €85 | €10 | -€75 | -88.8% |
| Financial charges | 65/66B | €72 | €239 | +€167 | +231.6% |
| Recurring financial charges | 65 | €72 | €239 | +€167 | +231.6% |
| Profit (loss) for the period before taxes | 9903 | -€102 | €363 | +€465 | |
| Profit (loss) for the period | 9904 | -€102 | €363 | +€465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€102 | €363 | +€465 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.