BULBUL: 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.
BULBUL
Largest movements
- Cash -€1,192
down €1,192 (-33.8%), from €3,529 to €2,338
mainly Net result for the year (-€2,693)
- Tangible fixed assets -€415
down €415 (-28.1%), from €1,476 to €1,061
- Profit (loss) carried forward -€2,693
down €2,693, from €134 to -€2,560
- Tax, wage and social debts +€714
new in 2025: €714
- Other debts +€325
up €325 (+9.6%), from €3,372 to €3,698
- Turnover -€45,347
no longer reported in 2025 (was €45,347)
- Purchases and services -€44,515
no longer reported in 2025 (was €44,515)
- Staff costs +€9,932
new in 2025: €9,932
- Gross operating margin +€7,270
up €7,270 (+874.1%), from €832 to €8,102
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 | €5,006 | €3,399 | -€1,607 | -32.1% |
| Fixed assets | 21/28 | €1,476 | €1,061 | -€415 | -28.1% |
| Tangible fixed assets | 22/27 | €1,476 | €1,061 | -€415 | -28.1% |
| Furniture and vehicles | 24 | €1,476 | €1,061 | -€415 | -28.1% |
| Current assets | 29/58 | €3,529 | €2,338 | -€1,192 | -33.8% |
| Cash at bank and in hand | 54/58 | €3,529 | €2,338 | -€1,192 | -33.8% |
| Total equity and liabilities | 10/49 | €5,006 | €3,399 | -€1,607 | -32.1% |
| Equity | 10/15 | €1,634 | -€1,060 | -€2,693 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134 | -€2,560 | -€2,693 | |
| Amounts payable | 17/49 | €3,372 | €4,459 | +€1,086 | +32.2% |
| Amounts payable within one year | 42/48 | €3,372 | €4,459 | +€1,086 | +32.2% |
| Trade debts | 44 | - | €47 | +€47 | |
| Suppliers | 440/4 | - | €47 | +€47 | |
| Taxes, remuneration and social security | 45 | - | €714 | +€714 | |
| Taxes | 450/3 | - | €714 | +€714 | |
| Other amounts payable | 47/48 | €3,372 | €3,698 | +€325 | +9.6% |
| Turnover | 70 | €45,347 | - | -€45,347 | |
| Goods, raw materials, services and sundry goods | 60/61 | €44,515 | - | -€44,515 | |
| Remuneration, social security and pensions | 62 | - | €9,932 | +€9,932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €599 | €415 | -€184 | -30.7% |
| Other operating charges | 640/8 | €10 | €325 | +€315 | +3090.2% |
| Gross operating margin | 9900 | €832 | €8,102 | +€7,270 | +874.1% |
| Operating profit (loss) | 9901 | €223 | -€2,571 | -€2,793 | |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €118 | €102 | -€16 | -13.8% |
| Recurring financial charges | 65 | €118 | €102 | -€16 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €134 | -€2,673 | -€2,806 | |
| Income taxes | 67/77 | - | €20 | +€20 | |
| Profit (loss) for the period | 9904 | €134 | -€2,693 | -€2,827 | |
| Profit (loss) for the period to be appropriated | 9905 | €134 | -€2,693 | -€2,827 |
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 11 October 2026 via checked.be.