't BUBBELHUIS: 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.
't BUBBELHUIS
Largest movements
- Receivables within one year +€15,195
up €15,195 (+28.1%), from €53,985 to €69,180
of which Trade receivables: +€15,195
- Cash -€9,392
down €9,392 (-81.8%), from €11,480 to €2,087
mainly Receivables within one year (-€15,195) and Other debts (-€10,698)
- Tangible fixed assets -€1,737
down €1,737 (-43.5%), from €3,996 to €2,259
of which Plant, machinery and equipment: -€934
- Profit (loss) carried forward +€13,355
up €13,355 (+41.0%), from -€32,576 to -€19,221
- Other debts -€10,698
down €10,698 (-29.4%), from €36,369 to €25,671
- Trade debts +€1,105
up €1,105 (+33.7%), from €3,276 to €4,381
- Gross operating margin -€510
down €510 (-3.1%), from €16,237 to €15,726
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 | €70,305 | €74,371 | +€4,066 | +5.8% |
| Fixed assets | 21/28 | €3,996 | €2,259 | -€1,737 | -43.5% |
| Tangible fixed assets | 22/27 | €3,996 | €2,259 | -€1,737 | -43.5% |
| Plant, machinery and equipment | 23 | €2,251 | €1,317 | -€934 | -41.5% |
| Furniture and vehicles | 24 | €1,745 | €942 | -€803 | -46.0% |
| Current assets | 29/58 | €66,309 | €72,112 | +€5,803 | +8.8% |
| Stocks and contracts in progress | 3 | €844 | €844 | = | 0.0% |
| Stocks | 30/36 | €844 | €844 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,985 | €69,180 | +€15,195 | +28.1% |
| Trade receivables | 40 | €53,985 | €69,180 | +€15,195 | +28.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,480 | €2,087 | -€9,392 | -81.8% |
| Total equity and liabilities | 10/49 | €70,305 | €74,371 | +€4,066 | +5.8% |
| Equity | 10/15 | €29,824 | €43,179 | +€13,355 | +44.8% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,576 | -€19,221 | +€13,355 | +41.0% |
| Amounts payable | 17/49 | €40,481 | €31,192 | -€9,289 | -22.9% |
| Amounts payable within one year | 42/48 | €40,481 | €31,192 | -€9,289 | -22.9% |
| Trade debts | 44 | €3,276 | €4,381 | +€1,105 | +33.7% |
| Suppliers | 440/4 | €3,276 | €4,381 | +€1,105 | +33.7% |
| Taxes, remuneration and social security | 45 | €836 | €1,140 | +€304 | +36.4% |
| Taxes | 450/3 | €836 | €1,140 | +€304 | +36.4% |
| Other amounts payable | 47/48 | €36,369 | €25,671 | -€10,698 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,737 | €1,737 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €16,237 | €15,726 | -€510 | -3.1% |
| Operating profit (loss) | 9901 | €14,051 | €13,528 | -€523 | -3.7% |
| Financial charges | 65/66B | €173 | €173 | = | 0.0% |
| Recurring financial charges | 65 | €173 | €173 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €13,877 | €13,355 | -€523 | -3.8% |
| Profit (loss) for the period | 9904 | €13,877 | €13,355 | -€523 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,877 | €13,355 | -€523 | -3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.