bubblenet: 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.
bubblenet
Largest movements
- Intangible fixed assets -€7,500
down €7,500 (-50.0%), from €15,000 to €7,500
- Cash -€6,501
down €6,501 (-54.1%), from €12,013 to €5,512
mainly Debts after one year (-€4,762) and Tax, wage and social debts (-€4,702)
- Debts after one year -€4,762
no longer reported in 2025 (was €4,762)
- Tax, wage and social debts -€4,702
down €4,702 (-63.9%), from €7,362 to €2,661
- Current portion of long-term debt -€3,246
down €3,246 (-40.5%), from €8,009 to €4,762
- Trade debts -€2,576
down €2,576 (-49.8%), from €5,176 to €2,600
- Short-term financial debts +€1,979
up €1,979 (+82.3%), from €2,405 to €4,384
- Gross operating margin -€9,921
down €9,921 (-52.2%), from €18,997 to €9,075
- Turnover -€7,705
down €7,705 (-9.9%), from €77,759 to €70,054
- Taxes -€2,475
down €2,475 (-85.5%), from €2,895 to €420
- Purchases and services +€2,217
up €2,217 (+3.8%), from €58,762 to €60,979
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 | €84,180 | €70,141 | -€14,039 | -16.7% |
| Fixed assets | 21/28 | €16,370 | €8,528 | -€7,843 | -47.9% |
| Intangible fixed assets | 21 | €15,000 | €7,500 | -€7,500 | -50.0% |
| Tangible fixed assets | 22/27 | €1,370 | €1,028 | -€343 | -25.0% |
| Plant, machinery and equipment | 23 | €1,370 | €1,028 | -€343 | -25.0% |
| Current assets | 29/58 | €67,810 | €61,613 | -€6,196 | -9.1% |
| Amounts receivable within one year | 40/41 | €55,797 | €56,101 | +€305 | +0.5% |
| Trade receivables | 40 | €20,278 | €18,588 | -€1,690 | -8.3% |
| Other amounts receivable | 41 | €35,518 | €37,513 | +€1,994 | +5.6% |
| Cash at bank and in hand | 54/58 | €12,013 | €5,512 | -€6,501 | -54.1% |
| Total equity and liabilities | 10/49 | €84,180 | €70,141 | -€14,039 | -16.7% |
| Equity | 10/15 | €51,428 | €50,696 | -€732 | -1.4% |
| Contributions | 10/11 | €11,600 | €11,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 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% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,968 | €32,236 | -€732 | -2.2% |
| Amounts payable | 17/49 | €32,752 | €19,445 | -€13,307 | -40.6% |
| Amounts payable after more than one year | 17 | €4,762 | - | -€4,762 | |
| Financial debts | 170/4 | €4,762 | - | -€4,762 | |
| Amounts payable within one year | 42/48 | €27,990 | €19,445 | -€8,544 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €8,009 | €4,762 | -€3,246 | -40.5% |
| Financial debts | 43 | €2,405 | €4,384 | +€1,979 | +82.3% |
| Credit institutions | 430/8 | €2,405 | €4,384 | +€1,979 | +82.3% |
| Trade debts | 44 | €5,176 | €2,600 | -€2,576 | -49.8% |
| Suppliers | 440/4 | €5,176 | €2,600 | -€2,576 | -49.8% |
| Taxes, remuneration and social security | 45 | €7,362 | €2,661 | -€4,702 | -63.9% |
| Taxes | 450/3 | €7,362 | €2,661 | -€4,702 | -63.9% |
| Other amounts payable | 47/48 | €5,038 | €5,038 | = | 0.0% |
| Turnover | 70 | €77,759 | €70,054 | -€7,705 | -9.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €58,762 | €60,979 | +€2,217 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,663 | €8,975 | +€312 | +3.6% |
| Other operating charges | 640/8 | €38 | €272 | +€234 | +613.9% |
| Gross operating margin | 9900 | €18,997 | €9,075 | -€9,921 | -52.2% |
| Operating profit (loss) | 9901 | €10,295 | -€172 | -€10,468 | |
| Financial income | 75/76B | €917 | €920 | +€3 | +0.3% |
| Recurring financial income | 75 | €917 | €920 | +€3 | +0.3% |
| Financial charges | 65/66B | €1,166 | €1,060 | -€106 | -9.1% |
| Recurring financial charges | 65 | €1,166 | €1,060 | -€106 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €10,046 | -€313 | -€10,359 | |
| Income taxes | 67/77 | €2,895 | €420 | -€2,475 | -85.5% |
| Profit (loss) for the period | 9904 | €7,151 | -€732 | -€7,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,151 | -€732 | -€7,884 |
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 4 October 2026 via checked.be.