Bubbly-Doo: 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.
Bubbly-Doo
Largest movements
- Receivables within one year -€403,279
down €403,279 (-57.1%), from €706,621 to €303,341
of which Trade receivables: -€435,903
- Intangible fixed assets +€302,130
up €302,130 (+54.0%), from €559,300 to €861,430
- Cash -€161,623
down €161,623 (-13.4%), from €1.2m to €1.0m
mainly Investment in fixed assets (net) (-€520,848) and Net result for the year (-€481,433)
- Current investments +€100,000
new in 2025: €100,000
- Debts after one year +€541,197
up €541,197 (+88.1%), from €614,603 to €1.2m
- Profit (loss) carried forward -€481,433
down €481,433 (-13.6%), from -€3.5m to -€4.0m
- Trade debts -€302,678
down €302,678 (-19.1%), from €1.6m to €1.3m
- Tax, wage and social debts +€50,335
up €50,335 (+31.1%), from €161,730 to €212,065
of which Taxes: +€90,357
- Accrued charges and deferred income +€41,937
up €41,937 (+187%), from €22,447 to €64,384
- Gross operating margin +€818,456
up €818,456, from -€505,196 to €313,261
- Financial charges +€219,549
up €219,549 (+158%), from €138,998 to €358,547
- Staff costs -€83,446
down €83,446 (-25.3%), from €329,362 to €245,916
- Depreciation +€78,173
up €78,173 (+55.1%), from €141,754 to €219,927
- Other operating charges -€14,918
down €14,918 (-88.6%), from €16,837 to €1,920
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 | €2,512,519 | €2,360,481 | -€152,038 | -6.1% |
| Fixed assets | 21/28 | €570,458 | €871,379 | +€300,921 | +52.8% |
| Intangible fixed assets | 21 | €559,300 | €861,430 | +€302,130 | +54.0% |
| Tangible fixed assets | 22/27 | €10,618 | €9,409 | -€1,209 | -11.4% |
| Plant, machinery and equipment | 23 | €8,287 | €7,323 | -€964 | -11.6% |
| Furniture and vehicles | 24 | €2,331 | €2,086 | -€245 | -10.5% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €1,942,062 | €1,489,102 | -€452,960 | -23.3% |
| Amounts receivable within one year | 40/41 | €706,621 | €303,341 | -€403,279 | -57.1% |
| Trade receivables | 40 | €706,621 | €270,717 | -€435,903 | -61.7% |
| Other amounts receivable | 41 | €0 | €32,624 | +€32,624 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €1,205,093 | €1,043,470 | -€161,623 | -13.4% |
| Deferred charges and accrued income | 490/1 | €30,348 | €42,291 | +€11,943 | +39.4% |
| Total equity and liabilities | 10/49 | €2,512,519 | €2,360,481 | -€152,038 | -6.1% |
| Equity | 10/15 | -€80,645 | -€562,078 | -€481,433 | -597% |
| Contributions | 10/11 | €3,449,991 | €3,449,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,530,636 | -€4,012,069 | -€481,433 | -13.6% |
| Amounts payable | 17/49 | €2,593,164 | €2,922,558 | +€329,394 | +12.7% |
| Amounts payable after more than one year | 17 | €614,603 | €1,155,800 | +€541,197 | +88.1% |
| Financial debts | 170/4 | €614,603 | €1,155,800 | +€541,197 | +88.1% |
| Amounts payable within one year | 42/48 | €1,956,114 | €1,702,374 | -€253,740 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €193,626 | €208,803 | +€15,177 | +7.8% |
| Financial debts | 43 | €87 | €1 | -€86 | -98.9% |
| Credit institutions | 430/8 | €87 | €1 | -€86 | -98.9% |
| Trade debts | 44 | €1,583,559 | €1,280,882 | -€302,678 | -19.1% |
| Suppliers | 440/4 | €1,583,559 | €1,280,882 | -€302,678 | -19.1% |
| Taxes, remuneration and social security | 45 | €161,730 | €212,065 | +€50,335 | +31.1% |
| Taxes | 450/3 | €113,088 | €203,445 | +€90,357 | +79.9% |
| Remuneration and social security | 454/9 | €48,642 | €8,620 | -€40,022 | -82.3% |
| Other amounts payable | 47/48 | €17,111 | €623 | -€16,488 | -96.4% |
| Accrued charges and deferred income | 492/3 | €22,447 | €64,384 | +€41,937 | +187% |
| Non-recurring operating income | 76A | €1,637 | €1,632 | -€5 | -0.3% |
| Remuneration, social security and pensions | 62 | €329,362 | €245,916 | -€83,446 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,754 | €219,927 | +€78,173 | +55.1% |
| Other operating charges | 640/8 | €16,837 | €1,920 | -€14,918 | -88.6% |
| Gross operating margin | 9900 | -€505,196 | €313,261 | +€818,456 | |
| Operating profit (loss) | 9901 | -€993,149 | -€154,502 | +€838,648 | +84.4% |
| Financial income | 75/76B | €19,863 | €31,687 | +€11,824 | +59.5% |
| Recurring financial income | 75 | €19,863 | €31,687 | +€11,824 | +59.5% |
| Financial charges | 65/66B | €138,998 | €358,547 | +€219,549 | +158% |
| Recurring financial charges | 65 | €138,998 | €358,547 | +€219,549 | +158% |
| Profit (loss) for the period before taxes | 9903 | -€1,112,284 | -€481,361 | +€630,923 | +56.7% |
| Income taxes | 67/77 | €260 | €71 | -€189 | -72.7% |
| Profit (loss) for the period | 9904 | -€1,112,545 | -€481,433 | +€631,112 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,112,545 | -€481,433 | +€631,112 | +56.7% |
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 16 October 2026 via checked.be.