BULDERS: 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.
BULDERS
Largest movements
- Cash -€12,660
down €12,660 (-73.5%), from €17,215 to €4,555
mainly Trade debts (-€10,319) and Receivables within one year (-€7,714)
- Receivables within one year +€7,714
up €7,714 (+26.0%), from €29,637 to €37,351
of which Trade receivables: +€16,154
- Deferred charges and accrued income -€2,502
down €2,502 (-91.4%), from €2,736 to €235
- Tangible fixed assets -€2,478
no longer reported in 2026 (was €2,478)
- Trade debts -€10,319
down €10,319 (-80.2%), from €12,867 to €2,548
- Other debts +€662
up €662 (+2.6%), from €25,108 to €25,770
- Gross operating margin +€1,637
up €1,637, from -€788 to €850
- Depreciation -€1,402
no longer reported in 2026 (was €1,402)
- Financial income -€370
no longer reported in 2026 (was €370)
- Taxes -€166
down €166 (-45.9%), from €362 to €196
- Financial charges -€117
down €117 (-23.5%), from €495 to €379
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,566 | €43,640 | -€9,925 | -18.5% |
| Fixed assets | 21/28 | €3,978 | €1,500 | -€2,478 | -62.3% |
| Tangible fixed assets | 22/27 | €2,478 | - | -€2,478 | |
| Furniture and vehicles | 24 | €2,478 | - | -€2,478 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €49,588 | €42,140 | -€7,448 | -15.0% |
| Amounts receivable within one year | 40/41 | €29,637 | €37,351 | +€7,714 | +26.0% |
| Trade receivables | 40 | €14,836 | €30,990 | +€16,154 | +109% |
| Other amounts receivable | 41 | €14,801 | €6,361 | -€8,440 | -57.0% |
| Cash at bank and in hand | 54/58 | €17,215 | €4,555 | -€12,660 | -73.5% |
| Deferred charges and accrued income | 490/1 | €2,736 | €235 | -€2,502 | -91.4% |
| Total equity and liabilities | 10/49 | €53,566 | €43,640 | -€9,925 | -18.5% |
| Equity | 10/15 | €15,231 | €14,808 | -€423 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,369 | -€3,792 | -€423 | -12.6% |
| Amounts payable | 17/49 | €38,335 | €28,833 | -€9,502 | -24.8% |
| Amounts payable within one year | 42/48 | €38,335 | €28,833 | -€9,502 | -24.8% |
| Trade debts | 44 | €12,867 | €2,548 | -€10,319 | -80.2% |
| Suppliers | 440/4 | €12,867 | €2,548 | -€10,319 | -80.2% |
| Taxes, remuneration and social security | 45 | €360 | €515 | +€155 | +43.0% |
| Taxes | 450/3 | €360 | €515 | +€155 | +43.0% |
| Other amounts payable | 47/48 | €25,108 | €25,770 | +€662 | +2.6% |
| Non-recurring operating income | 76A | - | €3,522 | +€3,522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,402 | - | -€1,402 | |
| Other operating charges | 640/8 | €739 | €698 | -€40 | -5.5% |
| Gross operating margin | 9900 | -€788 | €850 | +€1,637 | |
| Operating profit (loss) | 9901 | -€2,928 | €151 | +€3,079 | |
| Financial income | 75/76B | €370 | - | -€370 | |
| Recurring financial income | 75 | €370 | - | -€370 | |
| Financial charges | 65/66B | €495 | €379 | -€117 | -23.5% |
| Recurring financial charges | 65 | €495 | €379 | -€117 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,054 | -€228 | +€2,826 | +92.5% |
| Income taxes | 67/77 | €362 | €196 | -€166 | -45.9% |
| Profit (loss) for the period | 9904 | -€3,415 | -€423 | +€2,992 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,415 | -€423 | +€2,992 | +87.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.