Bubbly: 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.
Bubbly
Largest movements
- Receivables within one year -€36,703
down €36,703 (-58.1%), from €63,216 to €26,513
of which Trade receivables: -€38,144
- Cash +€12,569
up €12,569 (+110.3%), from €11,392 to €23,961
mainly Receivables within one year (+€36,703) and Net result for the year (+€2,316)
- Tax, wage and social debts -€13,819
down €13,819 (-94.0%), from €14,705 to €886
of which Remuneration and social security: -€9,484
- Trade debts -€12,963
down €12,963 (-23.7%), from €54,706 to €41,743
- Profit (loss) carried forward +€2,316
up €2,316 (+445.8%), from €520 to €2,836
- Gross operating margin -€44,627
down €44,627 (-51.6%), from €86,503 to €41,876
- Staff costs -€44,057
down €44,057 (-53.9%), from €81,735 to €37,678
- Depreciation -€2,354
down €2,354 (-100.0%), from €2,354 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,931 | €50,474 | -€24,457 | -32.6% |
| Current assets | 29/58 | €74,931 | €50,474 | -€24,457 | -32.6% |
| Amounts receivable within one year | 40/41 | €63,216 | €26,513 | -€36,703 | -58.1% |
| Trade receivables | 40 | €63,216 | €25,072 | -€38,144 | -60.3% |
| Other amounts receivable | 41 | - | €1,441 | +€1,441 | |
| Cash at bank and in hand | 54/58 | €11,392 | €23,961 | +€12,569 | +110.3% |
| Deferred charges and accrued income | 490/1 | €323 | €0 | -€323 | -100.0% |
| Total equity and liabilities | 10/49 | €74,931 | €50,474 | -€24,457 | -32.6% |
| Equity | 10/15 | €4,520 | €6,836 | +€2,316 | +51.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €520 | €2,836 | +€2,316 | +445.8% |
| Amounts payable | 17/49 | €70,411 | €43,638 | -€26,773 | -38.0% |
| Amounts payable within one year | 42/48 | €70,411 | €43,629 | -€26,782 | -38.0% |
| Trade debts | 44 | €54,706 | €41,743 | -€12,963 | -23.7% |
| Suppliers | 440/4 | €54,706 | €41,743 | -€12,963 | -23.7% |
| Taxes, remuneration and social security | 45 | €14,705 | €886 | -€13,819 | -94.0% |
| Taxes | 450/3 | €5,221 | €886 | -€4,335 | -83.0% |
| Remuneration and social security | 454/9 | €9,484 | €0 | -€9,484 | -100.0% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Remuneration, social security and pensions | 62 | €81,735 | €37,678 | -€44,057 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,354 | €0 | -€2,354 | -100.0% |
| Other operating charges | 640/8 | €1,089 | €787 | -€302 | -27.8% |
| Gross operating margin | 9900 | €86,503 | €41,876 | -€44,627 | -51.6% |
| Operating profit (loss) | 9901 | €1,325 | €3,411 | +€2,086 | +157.5% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €54 | €216 | +€162 | +298.0% |
| Recurring financial charges | 65 | €54 | €216 | +€162 | +298.0% |
| Profit (loss) for the period before taxes | 9903 | €1,270 | €3,203 | +€1,932 | +152.1% |
| Income taxes | 67/77 | €751 | €886 | +€136 | +18.1% |
| Profit (loss) for the period | 9904 | €520 | €2,316 | +€1,797 | +345.8% |
| Profit (loss) for the period to be appropriated | 9905 | €520 | €2,316 | +€1,797 | +345.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.