Bulckaert Consulting: 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.
Bulckaert Consulting
Largest movements
- Receivables after one year +€17,164
up €17,164 (+114%), from €15,000 to €32,164
- Current investments +€16,020
up €16,020 (+333%), from €4,817 to €20,837
- Cash -€11,612
down €11,612 (-90.4%), from €12,848 to €1,237
mainly Receivables after one year (-€17,164) and Current investments (-€16,020)
- Tangible fixed assets +€2,226
up €2,226 (+73.7%), from €3,019 to €5,245
of which Furniture and vehicles: +€1,316
- Deferred charges and accrued income -€2,219
down €2,219 (-49.0%), from €4,531 to €2,311
- Profit (loss) carried forward +€22,432
up €22,432 (+54.1%), from €41,467 to €63,900
- Tax, wage and social debts -€959
down €959 (-22.1%), from €4,331 to €3,372
- Trade debts +€836
up €836 (+483%), from €173 to €1,009
- Gross operating margin +€4,385
up €4,385 (+14.7%), from €29,804 to €34,189
- Financial charges +€718
up €718 (+20.7%), from €3,473 to €4,191
- Depreciation +€685
up €685 (+149%), from €459 to €1,144
- Financial income +€469
up €469 (+154%), from €304 to €773
- Taxes +€430
up €430 (+7.2%), from €5,953 to €6,383
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 | €46,977 | €69,286 | +€22,309 | +47.5% |
| Fixed assets | 21/28 | €3,643 | €5,869 | +€2,226 | +61.1% |
| Tangible fixed assets | 22/27 | €3,019 | €5,245 | +€2,226 | +73.7% |
| Plant, machinery and equipment | 23 | €1,034 | €1,944 | +€910 | +88.0% |
| Furniture and vehicles | 24 | €1,985 | €3,301 | +€1,316 | +66.3% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €43,333 | €63,417 | +€20,084 | +46.3% |
| Amounts receivable after more than one year | 29 | €15,000 | €32,164 | +€17,164 | +114% |
| Other amounts receivable | 291 | €15,000 | €32,164 | +€17,164 | +114% |
| Amounts receivable within one year | 40/41 | €6,138 | €6,868 | +€730 | +11.9% |
| Trade receivables | 40 | €871 | €1,379 | +€508 | +58.3% |
| Other amounts receivable | 41 | €5,266 | €5,489 | +€222 | +4.2% |
| Current investments | 50/53 | €4,817 | €20,837 | +€16,020 | +333% |
| Cash at bank and in hand | 54/58 | €12,848 | €1,237 | -€11,612 | -90.4% |
| Deferred charges and accrued income | 490/1 | €4,531 | €2,311 | -€2,219 | -49.0% |
| Total equity and liabilities | 10/49 | €46,977 | €69,286 | +€22,309 | +47.5% |
| Equity | 10/15 | €42,467 | €64,900 | +€22,432 | +52.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,467 | €63,900 | +€22,432 | +54.1% |
| Amounts payable | 17/49 | €4,509 | €4,386 | -€123 | -2.7% |
| Amounts payable within one year | 42/48 | €4,504 | €4,381 | -€123 | -2.7% |
| Trade debts | 44 | €173 | €1,009 | +€836 | +483% |
| Suppliers | 440/4 | €173 | €1,009 | +€836 | +483% |
| Taxes, remuneration and social security | 45 | €4,331 | €3,372 | -€959 | -22.1% |
| Taxes | 450/3 | €4,331 | €3,372 | -€959 | -22.1% |
| Accrued charges and deferred income | 492/3 | €5 | €5 | +€0 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €459 | €1,144 | +€685 | +149% |
| Other operating charges | 640/8 | €1,094 | €811 | -€282 | -25.8% |
| Gross operating margin | 9900 | €29,804 | €34,189 | +€4,385 | +14.7% |
| Operating profit (loss) | 9901 | €28,251 | €32,233 | +€3,982 | +14.1% |
| Financial income | 75/76B | €304 | €773 | +€469 | +154% |
| Recurring financial income | 75 | €304 | €773 | +€469 | +154% |
| Financial charges | 65/66B | €3,473 | €4,191 | +€718 | +20.7% |
| Recurring financial charges | 65 | €3,473 | €4,191 | +€718 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €25,082 | €28,815 | +€3,734 | +14.9% |
| Income taxes | 67/77 | €5,953 | €6,383 | +€430 | +7.2% |
| Profit (loss) for the period | 9904 | €19,128 | €22,432 | +€3,304 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,128 | €22,432 | +€3,304 | +17.3% |
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 25 October 2026 via checked.be.