BUBBLE TREE: 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 TREE
Largest movements
- Receivables within one year +€81,978
up €81,978 (+213.9%), from €38,323 to €120,301
of which Other amounts receivable: +€75,833
- Cash +€3,618
up €3,618 (+111.6%), from €3,242 to €6,859
mainly Net result for the year (+€84,072) and Other debts (+€20,000)
- Profit (loss) carried forward +€64,072
up €64,072 (+45.5%), from €140,892 to €204,964
- Other debts +€20,000
up €20,000, from €0 to €20,000
- Gross operating margin +€33,092
up €33,092 (+44.9%), from €73,773 to €106,865
- Taxes +€10,149
up €10,149 (+46.0%), from €22,077 to €32,226
- Financial income +€2,529
up €2,529 (+35.1%), from €7,199 to €9,728
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 | €221,565 | €307,342 | +€85,778 | +38.7% |
| Fixed assets | 21/28 | - | €182 | +€182 | |
| Financial fixed assets | 28 | - | €182 | +€182 | |
| Current assets | 29/58 | €221,565 | €307,160 | +€85,596 | +38.6% |
| Amounts receivable after more than one year | 29 | €180,000 | €180,000 | = | 0.0% |
| Other amounts receivable | 291 | €180,000 | €180,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,323 | €120,301 | +€81,978 | +213.9% |
| Trade receivables | 40 | €25,457 | €31,602 | +€6,145 | +24.1% |
| Other amounts receivable | 41 | €12,867 | €88,699 | +€75,833 | +589.4% |
| Cash at bank and in hand | 54/58 | €3,242 | €6,859 | +€3,618 | +111.6% |
| Total equity and liabilities | 10/49 | €221,565 | €307,342 | +€85,778 | +38.7% |
| Equity | 10/15 | €161,352 | €225,424 | +€64,072 | +39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,892 | €204,964 | +€64,072 | +45.5% |
| Amounts payable | 17/49 | €60,213 | €81,919 | +€21,706 | +36.0% |
| Amounts payable within one year | 42/48 | €60,213 | €81,919 | +€21,706 | +36.0% |
| Trade debts | 44 | €4,405 | €3,606 | -€799 | -18.1% |
| Suppliers | 440/4 | €4,405 | €3,606 | -€799 | -18.1% |
| Taxes, remuneration and social security | 45 | €55,808 | €58,313 | +€2,505 | +4.5% |
| Taxes | 450/3 | €55,808 | €58,313 | +€2,505 | +4.5% |
| Other amounts payable | 47/48 | €0 | €20,000 | +€20,000 | |
| Gross operating margin | 9900 | €73,773 | €106,865 | +€33,092 | +44.9% |
| Operating profit (loss) | 9901 | €73,773 | €106,865 | +€33,092 | +44.9% |
| Financial income | 75/76B | €7,199 | €9,728 | +€2,529 | +35.1% |
| Recurring financial income | 75 | €7,199 | €9,728 | +€2,529 | +35.1% |
| Financial charges | 65/66B | €125 | €295 | +€170 | +136.6% |
| Recurring financial charges | 65 | €125 | €295 | +€170 | +136.6% |
| Profit (loss) for the period before taxes | 9903 | €80,847 | €116,298 | +€35,451 | +43.8% |
| Income taxes | 67/77 | €22,077 | €32,226 | +€10,149 | +46.0% |
| Profit (loss) for the period | 9904 | €58,770 | €84,072 | +€25,302 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,770 | €84,072 | +€25,302 | +43.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.