BUBO CONSULTING: 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.
BUBO CONSULTING
Largest movements
- Current investments +€2.0m
new in 2025: €2.0m
- Cash -€1.6m
down €1.6m (-93.1%), from €1.7m to €120,503
mainly Current investments (-€2.0m) and Receivables within one year (-€44,309)
- Receivables within one year +€44,309
up €44,309 (+45.1%), from €98,271 to €142,580
of which Trade receivables: +€24,494
- Tangible fixed assets -€35,205
down €35,205 (-7.0%), from €499,741 to €464,535
of which Furniture and vehicles: -€32,682
- Reserves +€310,384
up €310,384 (+16.2%), from €1.9m to €2.2m
- Other debts +€78,349
up €78,349 (+129.2%), from €60,661 to €139,010
- Financial charges -€46,989
down €46,989 (-62.9%), from €74,704 to €27,715
of which Non-recurring financial charges: -€56,320
- Gross operating margin -€45,391
down €45,391 (-7.7%), from €585,994 to €540,603
- Staff costs -€22,548
down €22,548 (-51.6%), from €43,664 to €21,116
- Financial income -€11,449
down €11,449 (-31.0%), from €36,907 to €25,458
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 | €2,355,439 | €2,720,734 | +€365,295 | +15.5% |
| Fixed assets | 21/28 | €499,941 | €464,735 | -€35,205 | -7.0% |
| Tangible fixed assets | 22/27 | €499,741 | €464,535 | -€35,205 | -7.0% |
| Land and buildings | 22 | €420,102 | €423,793 | +€3,690 | +0.9% |
| Plant, machinery and equipment | 23 | €3,482 | €4,728 | +€1,245 | +35.8% |
| Furniture and vehicles | 24 | €45,465 | €12,783 | -€32,682 | -71.9% |
| Other tangible fixed assets | 26 | €30,691 | €23,233 | -€7,459 | -24.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €1,855,498 | €2,255,999 | +€400,500 | +21.6% |
| Amounts receivable within one year | 40/41 | €98,271 | €142,580 | +€44,309 | +45.1% |
| Trade receivables | 40 | €70,236 | €94,729 | +€24,494 | +34.9% |
| Other amounts receivable | 41 | €28,036 | €47,851 | +€19,816 | +70.7% |
| Current investments | 50/53 | - | €1,984,798 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €1,749,916 | €120,503 | -€1.6m | -93.1% |
| Deferred charges and accrued income | 490/1 | €7,311 | €8,118 | +€806 | +11.0% |
| Total equity and liabilities | 10/49 | €2,355,439 | €2,720,734 | +€365,295 | +15.5% |
| Equity | 10/15 | €1,923,322 | €2,233,706 | +€310,384 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,917,122 | €2,227,506 | +€310,384 | +16.2% |
| Distributable reserves | 133 | €1,917,122 | €2,227,506 | +€310,384 | +16.2% |
| Amounts payable | 17/49 | €432,117 | €487,029 | +€54,911 | +12.7% |
| Amounts payable after more than one year | 17 | €318,361 | €294,028 | -€24,333 | -7.6% |
| Financial debts | 170/4 | €318,361 | €294,028 | -€24,333 | -7.6% |
| Amounts payable within one year | 42/48 | €112,598 | €191,925 | +€79,326 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | €26,361 | €26,361 | = | 0.0% |
| Trade debts | 44 | €3,997 | €8,125 | +€4,128 | +103.3% |
| Suppliers | 440/4 | €3,997 | €8,125 | +€4,128 | +103.3% |
| Taxes, remuneration and social security | 45 | €21,580 | €18,429 | -€3,151 | -14.6% |
| Taxes | 450/3 | €15,202 | €18,429 | +€3,227 | +21.2% |
| Remuneration and social security | 454/9 | €6,377 | - | -€6,377 | |
| Other amounts payable | 47/48 | €60,661 | €139,010 | +€78,349 | +129.2% |
| Accrued charges and deferred income | 492/3 | €1,158 | €1,076 | -€82 | -7.1% |
| Non-recurring operating income | 76A | €5,287 | - | -€5,287 | |
| Remuneration, social security and pensions | 62 | €43,664 | €21,116 | -€22,548 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,494 | €56,392 | +€1,898 | +3.5% |
| Other operating charges | 640/8 | €6,485 | €6,626 | +€141 | +2.2% |
| Gross operating margin | 9900 | €585,994 | €540,603 | -€45,391 | -7.7% |
| Operating profit (loss) | 9901 | €481,351 | €456,469 | -€24,882 | -5.2% |
| Financial income | 75/76B | €36,907 | €25,458 | -€11,449 | -31.0% |
| Recurring financial income | 75 | €36,907 | €25,458 | -€11,449 | -31.0% |
| Financial charges | 65/66B | €74,704 | €27,715 | -€46,989 | -62.9% |
| Recurring financial charges | 65 | €18,384 | €27,715 | +€9,331 | +50.8% |
| Non-recurring financial charges | 66B | €56,320 | - | -€56,320 | |
| Profit (loss) for the period before taxes | 9903 | €443,555 | €454,212 | +€10,657 | +2.4% |
| Income taxes | 67/77 | €139,836 | €143,828 | +€3,992 | +2.9% |
| Profit (loss) for the period | 9904 | €303,719 | €310,384 | +€6,665 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €303,719 | €310,384 | +€6,665 | +2.2% |
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 10 October 2026 via checked.be.