BUNDL VENTURES: 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.
BUNDL VENTURES
Largest movements
- Tangible fixed assets -€20,891
down €20,891 (-9.7%), from €215,442 to €194,551
- Financial fixed assets +€4,250
up €4,250 (+1183.8%), from €359 to €4,609
- Debts after one year -€8,944
down €8,944 (-5.6%), from €160,375 to €151,431
- Profit (loss) carried forward -€3,936
down €3,936 (-47.0%), from -€8,372 to -€12,309
- Other debts -€2,745
down €2,745 (-5.6%), from €48,745 to €46,000
- Gross operating margin +€25,815
up €25,815, from -€1,457 to €24,358
- Depreciation +€18,635
up €18,635 (+825.9%), from €2,256 to €20,891
- Financial charges +€5,266
up €5,266 (+585.7%), from €899 to €6,165
- Other operating charges +€813
up €813 (+190.8%), from €426 to €1,239
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 | €219,262 | €204,300 | -€14,962 | -6.8% |
| Fixed assets | 21/28 | €215,801 | €199,160 | -€16,641 | -7.7% |
| Tangible fixed assets | 22/27 | €215,442 | €194,551 | -€20,891 | -9.7% |
| Land and buildings | 22 | €215,442 | €194,551 | -€20,891 | -9.7% |
| Financial fixed assets | 28 | €359 | €4,609 | +€4,250 | +1183.8% |
| Current assets | 29/58 | €3,460 | €5,140 | +€1,679 | +48.5% |
| Amounts receivable within one year | 40/41 | €470 | - | -€470 | |
| Other amounts receivable | 41 | €470 | - | -€470 | |
| Cash at bank and in hand | 54/58 | €2,990 | €5,140 | +€2,150 | +71.9% |
| Total equity and liabilities | 10/49 | €219,262 | €204,300 | -€14,962 | -6.8% |
| Equity | 10/15 | €628 | -€3,309 | -€3,936 | |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,372 | -€12,309 | -€3,936 | -47.0% |
| Amounts payable | 17/49 | €218,634 | €207,609 | -€11,026 | -5.0% |
| Amounts payable after more than one year | 17 | €160,375 | €151,431 | -€8,944 | -5.6% |
| Financial debts | 170/4 | €160,375 | €151,431 | -€8,944 | -5.6% |
| Amounts payable within one year | 42/48 | €58,259 | €56,177 | -€2,082 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €8,625 | €8,944 | +€319 | +3.7% |
| Trade debts | 44 | €889 | €1,233 | +€344 | +38.7% |
| Suppliers | 440/4 | €889 | €1,233 | +€344 | +38.7% |
| Other amounts payable | 47/48 | €48,745 | €46,000 | -€2,745 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,256 | €20,891 | +€18,635 | +825.9% |
| Other operating charges | 640/8 | €426 | €1,239 | +€813 | +190.8% |
| Gross operating margin | 9900 | -€1,457 | €24,358 | +€25,815 | |
| Operating profit (loss) | 9901 | -€4,139 | €2,228 | +€6,367 | |
| Financial income | 75/76B | €59 | €1 | -€58 | -98.5% |
| Recurring financial income | 75 | €59 | €1 | -€58 | -98.5% |
| Financial charges | 65/66B | €899 | €6,165 | +€5,266 | +585.7% |
| Recurring financial charges | 65 | €899 | €6,165 | +€5,266 | +585.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,979 | -€3,936 | +€1,043 | +20.9% |
| Profit (loss) for the period | 9904 | -€4,979 | -€3,936 | +€1,043 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,979 | -€3,936 | +€1,043 | +20.9% |
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.