TUBBAX: 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.
TUBBAX
Largest movements
- Stocks and contracts +€4,700
up €4,700 (+31.3%), from €15,000 to €19,700
- Tangible fixed assets -€4,089
down €4,089 (-44.0%), from €9,286 to €5,197
of which Plant, machinery and equipment: -€3,374
- Cash -€3,480
no longer reported in 2025 (was €3,480)
mainly Net result for the year (-€23,118) and Stocks and contracts (-€4,700)
- Receivables within one year +€2,457
up €2,457 (+78.0%), from €3,151 to €5,608
of which Trade receivables: +€2,055
- Deferred charges and accrued income -€1,500
no longer reported in 2025 (was €1,500)
- Profit (loss) carried forward -€23,118
down €23,118, from €4,600 to -€18,518
- Trade debts +€20,403
up €20,403 (+290%), from €7,038 to €27,441
- Tax, wage and social debts +€464
up €464 (+21.3%), from €2,179 to €2,643
of which Remuneration and social security: +€464
- Short-term financial debts +€339
new in 2025: €339
- Gross operating margin -€19,484
down €19,484, from €18,639 to -€845
- Other operating charges +€4,116
up €4,116 (+152%), from €2,713 to €6,829
- Financial charges +€2,770
up €2,770 (+719%), from €385 to €3,155
- Staff costs +€2,725
up €2,725 (+49.8%), from €5,476 to €8,201
- Taxes -€2,000
no longer reported in 2025 (was €2,000)
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 | €32,417 | €30,505 | -€1,912 | -5.9% |
| Fixed assets | 21/28 | €9,286 | €5,197 | -€4,089 | -44.0% |
| Tangible fixed assets | 22/27 | €9,286 | €5,197 | -€4,089 | -44.0% |
| Plant, machinery and equipment | 23 | €8,069 | €4,694 | -€3,374 | -41.8% |
| Furniture and vehicles | 24 | €1,217 | €502 | -€715 | -58.7% |
| Current assets | 29/58 | €23,131 | €25,308 | +€2,177 | +9.4% |
| Stocks and contracts in progress | 3 | €15,000 | €19,700 | +€4,700 | +31.3% |
| Stocks | 30/36 | €15,000 | €19,700 | +€4,700 | +31.3% |
| Amounts receivable within one year | 40/41 | €3,151 | €5,608 | +€2,457 | +78.0% |
| Trade receivables | 40 | - | €2,055 | +€2,055 | |
| Other amounts receivable | 41 | €3,151 | €3,553 | +€402 | +12.8% |
| Cash at bank and in hand | 54/58 | €3,480 | - | -€3,480 | |
| Deferred charges and accrued income | 490/1 | €1,500 | - | -€1,500 | |
| Total equity and liabilities | 10/49 | €32,417 | €30,505 | -€1,912 | -5.9% |
| Equity | 10/15 | €23,200 | €82 | -€23,118 | -99.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,600 | -€18,518 | -€23,118 | |
| Amounts payable | 17/49 | €9,218 | €30,423 | +€21,206 | +230% |
| Amounts payable within one year | 42/48 | €9,218 | €30,423 | +€21,206 | +230% |
| Financial debts | 43 | - | €339 | +€339 | |
| Other loans | 439 | - | €339 | +€339 | |
| Trade debts | 44 | €7,038 | €27,441 | +€20,403 | +290% |
| Suppliers | 440/4 | €7,038 | €27,441 | +€20,403 | +290% |
| Taxes, remuneration and social security | 45 | €2,179 | €2,643 | +€464 | +21.3% |
| Taxes | 450/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €179 | €643 | +€464 | +259% |
| Remuneration, social security and pensions | 62 | €5,476 | €8,201 | +€2,725 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,342 | €4,089 | -€253 | -5.8% |
| Other operating charges | 640/8 | €2,713 | €6,829 | +€4,116 | +152% |
| Gross operating margin | 9900 | €18,639 | -€845 | -€19,484 | |
| Operating profit (loss) | 9901 | €6,109 | -€19,964 | -€26,072 | |
| Financial income | 75/76B | €83 | €1 | -€83 | -99.4% |
| Recurring financial income | 75 | €83 | €1 | -€83 | -99.4% |
| Financial charges | 65/66B | €385 | €3,155 | +€2,770 | +719% |
| Recurring financial charges | 65 | €385 | €3,155 | +€2,770 | +719% |
| Profit (loss) for the period before taxes | 9903 | €5,807 | -€23,118 | -€28,925 | |
| Income taxes | 67/77 | €2,000 | - | -€2,000 | |
| Profit (loss) for the period | 9904 | €3,807 | -€23,118 | -€26,925 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,807 | -€23,118 | -€26,925 |
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 18 October 2026 via checked.be.