BULBOUW: 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.
BULBOUW
Largest movements
- Receivables within one year +€138,571
up €138,571 (+64.1%), from €216,053 to €354,624
of which Trade receivables: +€141,493
- Tangible fixed assets -€36,777
down €36,777 (-30.3%), from €121,261 to €84,484
of which Furniture and vehicles: -€21,318
- Deferred charges and accrued income +€18,233
new in 2024: €18,233
- Cash +€7,091
up €7,091 (+95.3%), from €7,442 to €14,533
mainly Trade debts (+€121,530) and Depreciation (+€36,777)
- Trade debts +€121,530
up €121,530 (+52.3%), from €232,170 to €353,700
- Tax, wage and social debts +€5,861
up €5,861 (+7.0%), from €83,216 to €89,077
of which Remuneration and social security: +€5,861
- Turnover +€190,534
new in 2024: €190,534
- Purchases and services +€188,369
new in 2024: €188,369
- Gross operating margin -€19,961
down €19,961 (-34.4%), from €58,071 to €38,110
- Financial charges -€11,049
down €11,049 (-95.5%), from €11,569 to €521
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,225 | €474,344 | +€127,118 | +36.6% |
| Fixed assets | 21/28 | €123,730 | €86,954 | -€36,777 | -29.7% |
| Tangible fixed assets | 22/27 | €121,261 | €84,484 | -€36,777 | -30.3% |
| Plant, machinery and equipment | 23 | €46,170 | €30,712 | -€15,459 | -33.5% |
| Furniture and vehicles | 24 | €75,090 | €53,772 | -€21,318 | -28.4% |
| Financial fixed assets | 28 | €2,470 | €2,470 | = | 0.0% |
| Current assets | 29/58 | €223,495 | €387,390 | +€163,895 | +73.3% |
| Amounts receivable within one year | 40/41 | €216,053 | €354,624 | +€138,571 | +64.1% |
| Trade receivables | 40 | €212,915 | €354,409 | +€141,493 | +66.5% |
| Other amounts receivable | 41 | €3,138 | €215 | -€2,923 | -93.1% |
| Cash at bank and in hand | 54/58 | €7,442 | €14,533 | +€7,091 | +95.3% |
| Deferred charges and accrued income | 490/1 | - | €18,233 | +€18,233 | |
| Total equity and liabilities | 10/49 | €347,225 | €474,344 | +€127,118 | +36.6% |
| Equity | 10/15 | €30,080 | €29,399 | -€681 | -2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,880 | €23,880 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,020 | €22,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€681 | -€681 | |
| Amounts payable | 17/49 | €317,145 | €444,944 | +€127,799 | +40.3% |
| Amounts payable after more than one year | 17 | €209 | €209 | = | 0.0% |
| Financial debts | 170/4 | €209 | €209 | = | 0.0% |
| Amounts payable within one year | 42/48 | €316,936 | €444,735 | +€127,799 | +40.3% |
| Financial debts | 43 | €1,550 | €1,550 | = | 0.0% |
| Credit institutions | 430/8 | €1,550 | €1,550 | = | 0.0% |
| Trade debts | 44 | €232,170 | €353,700 | +€121,530 | +52.3% |
| Suppliers | 440/4 | €232,170 | €353,700 | +€121,530 | +52.3% |
| Taxes, remuneration and social security | 45 | €83,216 | €89,077 | +€5,861 | +7.0% |
| Taxes | 450/3 | €1,759 | €1,759 | = | 0.0% |
| Remuneration and social security | 454/9 | €81,457 | €87,318 | +€5,861 | +7.2% |
| Other amounts payable | 47/48 | - | €408 | +€408 | |
| Turnover | 70 | - | €190,534 | +€190,534 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €188,369 | +€188,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,777 | €36,777 | = | 0.0% |
| Other operating charges | 640/8 | €2,059 | €1,494 | -€565 | -27.4% |
| Gross operating margin | 9900 | €58,071 | €38,110 | -€19,961 | -34.4% |
| Operating profit (loss) | 9901 | €19,236 | -€160 | -€19,396 | |
| Financial charges | 65/66B | €11,569 | €521 | -€11,049 | -95.5% |
| Recurring financial charges | 65 | €11,569 | €521 | -€11,049 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €7,666 | -€681 | -€8,347 | |
| Income taxes | 67/77 | €1,759 | - | -€1,759 | |
| Profit (loss) for the period | 9904 | €5,907 | -€681 | -€6,588 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,907 | -€681 | -€6,588 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.