BUBBLEWASH: what changed
Two financial 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.
BUBBLEWASH
Largest movements
- Tangible fixed assets -€37,296
down €37,296 (-12.6%), from €296,706 to €259,411
of which Plant, machinery and equipment: -€37,296
- Cash -€33,043
down €33,043 (-26.4%), from €125,120 to €92,077
mainly Short-term financial debts (-€90,000) and Debts after one year (-€29,301)
- Receivables within one year -€7,714
no longer reported in 2025 (was €7,714)
- Short-term financial debts -€90,000
down €90,000 (-52.9%), from €170,000 to €80,000
- Profit (loss) carried forward +€30,415
up €30,415 (+24.8%), from €122,714 to €153,130
- Debts after one year -€29,301
down €29,301 (-49.7%), from €58,978 to €29,678
- Trade debts +€7,741
up €7,741 (+51.9%), from €14,913 to €22,654
- Gross operating margin -€5,069
down €5,069 (-5.7%), from €89,174 to €84,105
- Financial charges -€3,912
down €3,912 (-42.0%), from €9,304 to €5,392
- Taxes +€1,295
up €1,295 (+13.9%), from €9,286 to €10,581
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.
Derived cash bridge
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 | €429,541 | €351,488 | -€78,053 | -18.2% |
| Fixed assets | 21/28 | €296,706 | €259,411 | -€37,296 | -12.6% |
| Tangible fixed assets | 22/27 | €296,706 | €259,411 | -€37,296 | -12.6% |
| Land and buildings | 22 | €85,410 | €85,410 | = | 0.0% |
| Plant, machinery and equipment | 23 | €211,296 | €174,001 | -€37,296 | -17.7% |
| Current assets | 29/58 | €132,834 | €92,077 | -€40,757 | -30.7% |
| Amounts receivable within one year | 40/41 | €7,714 | - | -€7,714 | |
| Other amounts receivable | 41 | €7,714 | - | -€7,714 | |
| Cash at bank and in hand | 54/58 | €125,120 | €92,077 | -€33,043 | -26.4% |
| Total equity and liabilities | 10/49 | €429,541 | €351,488 | -€78,053 | -18.2% |
| Equity | 10/15 | €142,714 | €173,130 | +€30,415 | +21.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,714 | €153,130 | +€30,415 | +24.8% |
| Amounts payable | 17/49 | €286,826 | €178,358 | -€108,468 | -37.8% |
| Amounts payable after more than one year | 17 | €58,978 | €29,678 | -€29,301 | -49.7% |
| Financial debts | 170/4 | €58,978 | €29,678 | -€29,301 | -49.7% |
| Amounts payable within one year | 42/48 | €227,848 | €148,681 | -€79,167 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €28,929 | €29,301 | +€372 | +1.3% |
| Financial debts | 43 | €170,000 | €80,000 | -€90,000 | -52.9% |
| Credit institutions | 430/8 | €170,000 | €80,000 | -€90,000 | -52.9% |
| Trade debts | 44 | €14,913 | €22,654 | +€7,741 | +51.9% |
| Suppliers | 440/4 | €14,913 | €22,654 | +€7,741 | +51.9% |
| Taxes, remuneration and social security | 45 | €8,056 | €7,806 | -€250 | -3.1% |
| Taxes | 450/3 | €8,056 | €7,806 | -€250 | -3.1% |
| Other amounts payable | 47/48 | €5,950 | €8,919 | +€2,969 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,396 | €37,296 | -€100 | -0.3% |
| Other operating charges | 640/8 | €408 | €421 | +€13 | +3.1% |
| Gross operating margin | 9900 | €89,174 | €84,105 | -€5,069 | -5.7% |
| Operating profit (loss) | 9901 | €51,370 | €46,388 | -€4,982 | -9.7% |
| Financial charges | 65/66B | €9,304 | €5,392 | -€3,912 | -42.0% |
| Recurring financial charges | 65 | €9,304 | €5,392 | -€3,912 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €42,066 | €40,996 | -€1,070 | -2.5% |
| Income taxes | 67/77 | €9,286 | €10,581 | +€1,295 | +13.9% |
| Profit (loss) for the period | 9904 | €32,780 | €30,415 | -€2,365 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,780 | €30,415 | -€2,365 | -7.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.