't Bubbelke: 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.
't Bubbelke
Largest movements
- Cash +€91,670
up €91,670 (+170%), from €54,042 to €145,713
mainly Net result for the year (+€82,440) and Tax, wage and social debts (+€14,897)
- Deferred charges and accrued income +€6,648
up €6,648 (+44.0%), from €15,093 to €21,741
- Reserves +€82,440
up €82,440 (+249%), from €33,124 to €115,564
- Tax, wage and social debts +€14,897
up €14,897 (+59.3%), from €25,138 to €40,034
of which Taxes: +€11,843
- Trade debts +€2,138
up €2,138 (+37.0%), from €5,772 to €7,910
- Gross operating margin +€82,729
up €82,729 (+127%), from €64,927 to €147,656
- Taxes +€19,422
up €19,422 (+156%), from €12,421 to €31,843
- Staff costs +€16,474
up €16,474 (+104%), from €15,878 to €32,352
- Depreciation -€2,629
down €2,629 (-95.2%), from €2,761 to €132
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 | €71,924 | €171,098 | +€99,175 | +138% |
| Fixed assets | 21/28 | - | €400 | +€400 | |
| Tangible fixed assets | 22/27 | - | €400 | +€400 | |
| Furniture and vehicles | 24 | - | €400 | +€400 | |
| Current assets | 29/58 | €71,924 | €170,698 | +€98,775 | +137% |
| Amounts receivable within one year | 40/41 | €2,788 | €3,245 | +€456 | +16.4% |
| Trade receivables | 40 | €2,788 | €3,245 | +€456 | +16.4% |
| Cash at bank and in hand | 54/58 | €54,042 | €145,713 | +€91,670 | +170% |
| Deferred charges and accrued income | 490/1 | €15,093 | €21,741 | +€6,648 | +44.0% |
| Total equity and liabilities | 10/49 | €71,924 | €171,098 | +€99,175 | +138% |
| Equity | 10/15 | €36,124 | €118,564 | +€82,440 | +228% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,124 | €115,564 | +€82,440 | +249% |
| Distributable reserves | 133 | €33,124 | €115,564 | +€82,440 | +249% |
| Amounts payable | 17/49 | €35,800 | €52,535 | +€16,735 | +46.7% |
| Amounts payable within one year | 42/48 | €35,800 | €52,535 | +€16,735 | +46.7% |
| Trade debts | 44 | €5,772 | €7,910 | +€2,138 | +37.0% |
| Suppliers | 440/4 | €5,772 | €7,910 | +€2,138 | +37.0% |
| Taxes, remuneration and social security | 45 | €25,138 | €40,034 | +€14,897 | +59.3% |
| Taxes | 450/3 | €12,421 | €24,265 | +€11,843 | +95.3% |
| Remuneration and social security | 454/9 | €12,716 | €15,770 | +€3,053 | +24.0% |
| Other amounts payable | 47/48 | €4,890 | €4,590 | -€300 | -6.1% |
| Remuneration, social security and pensions | 62 | €15,878 | €32,352 | +€16,474 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,761 | €132 | -€2,629 | -95.2% |
| Other operating charges | 640/8 | €666 | €803 | +€137 | +20.6% |
| Gross operating margin | 9900 | €64,927 | €147,656 | +€82,729 | +127% |
| Operating profit (loss) | 9901 | €45,623 | €114,369 | +€68,746 | +151% |
| Financial income | 75/76B | €3 | €3 | +€1 | +20.0% |
| Recurring financial income | 75 | €3 | €3 | +€1 | +20.0% |
| Financial charges | 65/66B | €81 | €89 | +€8 | +10.0% |
| Recurring financial charges | 65 | €81 | €89 | +€8 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €45,545 | €114,284 | +€68,739 | +151% |
| Income taxes | 67/77 | €12,421 | €31,843 | +€19,422 | +156% |
| Profit (loss) for the period | 9904 | €33,124 | €82,440 | +€49,317 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €33,124 | €82,440 | +€49,317 | +149% |
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 23 October 2026 via checked.be.