Bubbles-IT: 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-IT
Largest movements
- Receivables within one year +€48,305
up €48,305 (+54.2%), from €89,154 to €137,458
of which Trade receivables: +€36,068
- Cash -€37,398
down €37,398 (-25.6%), from €146,118 to €108,720
mainly Receivables within one year (-€48,305) and Current portion of long-term debt (-€11,591)
- Tangible fixed assets -€9,495
down €9,495 (-11.3%), from €83,865 to €74,370
- Trade debts +€21,053
up €21,053 (+176.2%), from €11,947 to €33,000
- Current portion of long-term debt -€11,591
no longer reported in 2025 (was €11,591)
- Profit (loss) carried forward -€9,517
new in 2025: -€9,517
- Gross operating margin -€48,226
down €48,226 (-81.5%), from €59,153 to €10,926
- Taxes -€12,298
down €12,298 (-96.8%), from €12,702 to €404
- Other operating charges +€2,190
up €2,190 (+119.5%), from €1,832 to €4,022
- Financial charges +€2,074
up €2,074 (+98.8%), from €2,098 to €4,172
of which Non-recurring financial charges: +€1,840
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 | €320,946 | €321,968 | +€1,022 | +0.3% |
| Fixed assets | 21/28 | €83,865 | €74,370 | -€9,495 | -11.3% |
| Tangible fixed assets | 22/27 | €83,865 | €74,370 | -€9,495 | -11.3% |
| Land and buildings | 22 | €83,865 | €74,370 | -€9,495 | -11.3% |
| Current assets | 29/58 | €237,081 | €247,598 | +€10,517 | +4.4% |
| Amounts receivable within one year | 40/41 | €89,154 | €137,458 | +€48,305 | +54.2% |
| Trade receivables | 40 | €86,135 | €122,203 | +€36,068 | +41.9% |
| Other amounts receivable | 41 | €3,019 | €15,256 | +€12,237 | +405.4% |
| Cash at bank and in hand | 54/58 | €146,118 | €108,720 | -€37,398 | -25.6% |
| Deferred charges and accrued income | 490/1 | €1,809 | €1,420 | -€389 | -21.5% |
| Total equity and liabilities | 10/49 | €320,946 | €321,968 | +€1,022 | +0.3% |
| Equity | 10/15 | €290,928 | €281,410 | -€9,517 | -3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €284,728 | €284,728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €278,528 | €278,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,517 | -€9,517 | |
| Amounts payable | 17/49 | €30,018 | €40,558 | +€10,540 | +35.1% |
| Amounts payable within one year | 42/48 | €30,018 | €40,558 | +€10,540 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €11,591 | - | -€11,591 | |
| Trade debts | 44 | €11,947 | €33,000 | +€21,053 | +176.2% |
| Suppliers | 440/4 | €11,947 | €33,000 | +€21,053 | +176.2% |
| Taxes, remuneration and social security | 45 | €6,066 | €6,777 | +€711 | +11.7% |
| Taxes | 450/3 | €6,066 | €6,777 | +€711 | +11.7% |
| Other amounts payable | 47/48 | €414 | €781 | +€368 | +88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,362 | €11,922 | -€440 | -3.6% |
| Other operating charges | 640/8 | €1,832 | €4,022 | +€2,190 | +119.5% |
| Gross operating margin | 9900 | €59,153 | €10,926 | -€48,226 | -81.5% |
| Operating profit (loss) | 9901 | €44,959 | -€5,018 | -€49,977 | |
| Financial income | 75/76B | €49 | €77 | +€28 | +56.5% |
| Recurring financial income | 75 | €49 | €77 | +€28 | +56.5% |
| Financial charges | 65/66B | €2,098 | €4,172 | +€2,074 | +98.8% |
| Recurring financial charges | 65 | €1,632 | €1,866 | +€234 | +14.3% |
| Non-recurring financial charges | 66B | €466 | €2,306 | +€1,840 | +394.8% |
| Profit (loss) for the period before taxes | 9903 | €42,910 | -€9,113 | -€52,023 | |
| Income taxes | 67/77 | €12,702 | €404 | -€12,298 | -96.8% |
| Profit (loss) for the period | 9904 | €30,207 | -€9,517 | -€39,725 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,207 | -€9,517 | -€39,725 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.