BULCKUS: 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.
BULCKUS
Largest movements
- Current investments -€100,000
down €100,000 (-46.5%), from €215,000 to €115,000
- Deferred charges and accrued income +€7,137
up €7,137 (+59.6%), from €11,966 to €19,103
- Tangible fixed assets -€5,262
down €5,262 (-75.9%), from €6,938 to €1,675
- Reserves -€221,103
no longer reported in 2025 (was €221,103)
- Other debts +€73,344
up €73,344 (+258%), from €28,389 to €101,734
- Profit (loss) carried forward +€26,144
new in 2025: €26,144
- Tax, wage and social debts +€24,045
up €24,045 (+219%), from €10,961 to €35,007
- Gross operating margin +€121,659
up €121,659 (+83.1%), from €146,334 to €267,992
- Taxes +€31,741
up €31,741 (+97.4%), from €32,597 to €64,338
- Financial income +€4,252
up €4,252 (+262%), from €1,620 to €5,872
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 | €267,200 | €168,755 | -€98,445 | -36.8% |
| Fixed assets | 21/28 | €6,938 | €1,675 | -€5,262 | -75.9% |
| Tangible fixed assets | 22/27 | €6,938 | €1,675 | -€5,262 | -75.9% |
| Furniture and vehicles | 24 | €6,938 | €1,675 | -€5,262 | -75.9% |
| Current assets | 29/58 | €260,262 | €167,079 | -€93,183 | -35.8% |
| Current investments | 50/53 | €215,000 | €115,000 | -€100,000 | -46.5% |
| Cash at bank and in hand | 54/58 | €33,296 | €32,976 | -€320 | -1.0% |
| Deferred charges and accrued income | 490/1 | €11,966 | €19,103 | +€7,137 | +59.6% |
| Total equity and liabilities | 10/49 | €267,200 | €168,755 | -€98,445 | -36.8% |
| Equity | 10/15 | €222,303 | €27,344 | -€194,959 | -87.7% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €221,103 | - | -€221,103 | |
| Distributable reserves | 133 | €221,103 | - | -€221,103 | |
| Profit (loss) carried forward | 14 | - | €26,144 | +€26,144 | |
| Amounts payable | 17/49 | €44,897 | €141,411 | +€96,514 | +215% |
| Amounts payable within one year | 42/48 | €41,771 | €139,160 | +€97,390 | +233% |
| Trade debts | 44 | €2,420 | €2,420 | = | 0.0% |
| Suppliers | 440/4 | €2,420 | €2,420 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,961 | €35,007 | +€24,045 | +219% |
| Taxes | 450/3 | €10,961 | €35,007 | +€24,045 | +219% |
| Other amounts payable | 47/48 | €28,389 | €101,734 | +€73,344 | +258% |
| Accrued charges and deferred income | 492/3 | €3,127 | €2,251 | -€876 | -28.0% |
| Non-recurring operating income | 76A | €16 | - | -€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,050 | €5,262 | +€2,212 | +72.5% |
| Other operating charges | 640/8 | €1,122 | €1,759 | +€637 | +56.8% |
| Gross operating margin | 9900 | €146,334 | €267,992 | +€121,659 | +83.1% |
| Operating profit (loss) | 9901 | €142,162 | €260,971 | +€118,809 | +83.6% |
| Financial income | 75/76B | €1,620 | €5,872 | +€4,252 | +262% |
| Recurring financial income | 75 | €1,620 | €5,872 | +€4,252 | +262% |
| Financial charges | 65/66B | €2,035 | €2,463 | +€428 | +21.0% |
| Recurring financial charges | 65 | €2,035 | €2,463 | +€428 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €141,747 | €264,380 | +€122,633 | +86.5% |
| Income taxes | 67/77 | €32,597 | €64,338 | +€31,741 | +97.4% |
| Profit (loss) for the period | 9904 | €109,149 | €200,041 | +€90,892 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €109,149 | €200,041 | +€90,892 | +83.3% |
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 14 October 2026 via checked.be.