BUBBLES CLEAN: 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.
BUBBLES CLEAN
Largest movements
- Receivables within one year -€17,440
down €17,440 (-9.5%), from €183,698 to €166,258
of which Other amounts receivable: -€19,083
- Profit (loss) carried forward -€7,316
down €7,316 (-19.3%), from €37,993 to €30,677
- Tax, wage and social debts -€5,012
down €5,012 (-29.4%), from €17,073 to €12,062
of which Remuneration and social security: -€3,911
- Trade debts -€3,426
down €3,426 (-5.9%), from €58,221 to €54,794
- Other debts -€3,316
down €3,316 (-25.4%), from €13,065 to €9,749
- Gross operating margin -€17,780
down €17,780 (-12.7%), from €140,374 to €122,594
- Staff costs -€14,150
down €14,150 (-10.5%), from €135,185 to €121,035
- Other operating charges +€4,144
up €4,144 (+259.1%), from €1,600 to €5,744
- Taxes -€3,959
no longer reported in 2025 (was €3,959)
- Financial charges +€2,101
up €2,101 (+204.1%), from €1,030 to €3,131
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 | €209,545 | €191,125 | -€18,420 | -8.8% |
| Fixed assets | 21/28 | €24,374 | €24,374 | = | 0.0% |
| Financial fixed assets | 28 | €24,374 | €24,374 | = | 0.0% |
| Current assets | 29/58 | €185,172 | €166,751 | -€18,420 | -9.9% |
| Amounts receivable within one year | 40/41 | €183,698 | €166,258 | -€17,440 | -9.5% |
| Trade receivables | 40 | - | €1,643 | +€1,643 | |
| Other amounts receivable | 41 | €183,698 | €164,615 | -€19,083 | -10.4% |
| Cash at bank and in hand | 54/58 | €1,474 | €493 | -€980 | -66.5% |
| Total equity and liabilities | 10/49 | €209,545 | €191,125 | -€18,420 | -8.8% |
| Equity | 10/15 | €114,207 | €106,891 | -€7,316 | -6.4% |
| Contributions | 10/11 | €38,310 | €38,310 | = | 0.0% |
| Revaluation surpluses | 12 | €10,374 | €10,374 | = | 0.0% |
| Reserves | 13 | €27,530 | €27,530 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,831 | €3,831 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,831 | €3,831 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,699 | €12,699 | = | 0.0% |
| Distributable reserves | 133 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,993 | €30,677 | -€7,316 | -19.3% |
| Amounts payable | 17/49 | €95,338 | €84,234 | -€11,104 | -11.6% |
| Amounts payable within one year | 42/48 | €95,338 | €84,234 | -€11,104 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €6,979 | €7,629 | +€650 | +9.3% |
| Trade debts | 44 | €58,221 | €54,794 | -€3,426 | -5.9% |
| Suppliers | 440/4 | €58,221 | €54,794 | -€3,426 | -5.9% |
| Taxes, remuneration and social security | 45 | €17,073 | €12,062 | -€5,012 | -29.4% |
| Taxes | 450/3 | €2,402 | €1,301 | -€1,101 | -45.8% |
| Remuneration and social security | 454/9 | €14,672 | €10,761 | -€3,911 | -26.7% |
| Other amounts payable | 47/48 | €13,065 | €9,749 | -€3,316 | -25.4% |
| Remuneration, social security and pensions | 62 | €135,185 | €121,035 | -€14,150 | -10.5% |
| Other operating charges | 640/8 | €1,600 | €5,744 | +€4,144 | +259.1% |
| Gross operating margin | 9900 | €140,374 | €122,594 | -€17,780 | -12.7% |
| Operating profit (loss) | 9901 | €3,589 | -€4,185 | -€7,774 | |
| Financial charges | 65/66B | €1,030 | €3,131 | +€2,101 | +204.1% |
| Recurring financial charges | 65 | €1,030 | €3,131 | +€2,101 | +204.1% |
| Profit (loss) for the period before taxes | 9903 | €2,560 | -€7,316 | -€9,876 | |
| Income taxes | 67/77 | €3,959 | - | -€3,959 | |
| Profit (loss) for the period | 9904 | -€1,399 | -€7,316 | -€5,917 | -422.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,399 | -€7,316 | -€5,917 | -422.9% |
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 3 October 2026 via checked.be.