BULKMANS MARCEL: what changed
What changed
BULKMANS MARCEL
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€66,078
2024 · €3,412+€62,666
Equity
€261,548
2024 · €200,377+€61,171
Cash
€30,462
2024 · €7,058+€23,404
Balance sheet total
€551,513
2024 · €657,622-€106,109
Largest movements
Assets
- Stocks and contracts -€95,575
down €95,575 (-30.6%), from €312,513 to €216,938
- Tangible fixed assets -€46,418
down €46,418 (-24.3%), from €191,076 to €144,658
- Cash +€23,404
up €23,404 (+332%), from €7,058 to €30,462
mainly Stocks and contracts (+€95,575) and Net result for the year (+€66,078)
- Intangible fixed assets -€13,748
down €13,748 (-27.4%), from €50,212 to €36,464
- Deferred charges and accrued income +€13,455
up €13,455 (+87.7%), from €15,340 to €28,796
Equity and liabilities
- Accrued charges and deferred income -€117,327
down €117,327 (-100%), from €117,327 to €0
- Trade debts -€73,899
down €73,899 (-83.3%), from €88,724 to €14,825
- Reserves +€45,764
up €45,764 (+24.3%), from €188,516 to €234,280
of which Distributable reserves: +€45,764
- Tax, wage and social debts +€30,798
up €30,798 (+60.1%), from €51,247 to €82,045
of which Taxes: +€31,288
- Debts after one year -€18,821
down €18,821 (-29.1%), from €64,645 to €45,824
Income statement
- Gross operating margin +€95,737
up €95,737 (+14.3%), from €667,927 to €763,665
- Taxes +€30,512
up €30,512 (+827%), from €3,688 to €34,201
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,412
Gross operating margin
+€95,737
Staff costs
+€5,148
Depreciation
-€4,585
Other operating charges
-€1,858
Financial income
+€650
Financial charges
-€1,914
Taxes
-€30,512
Result 2025
€66,078
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€46,275
Investment
€0
Financing
-€22,870
Cash 2024
€7,058
From operations (derived)
+€46,275
Net result for the year
+€66,078
Depreciation
+€60,166
Stocks and contracts
+€95,575
Receivables within one year
-€12,772
Deferred charges and accrued income
-€13,455
Trade debts
-€73,899
Tax, wage and social debts
+€30,798
Other debts
+€11,112
Accrued charges and deferred income
-€117,327
Financing
-€22,870
Debts after one year
-€18,821
Current portion of long-term debt
+€858
Contributions, distributions and other
-€4,907
Cash 2025
€30,462
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,622 | €551,513 | -€106,109 | -16.1% |
| Fixed assets | 21/28 | €241,288 | €181,122 | -€60,166 | -24.9% |
| Intangible fixed assets | 21 | €50,212 | €36,464 | -€13,748 | -27.4% |
| Tangible fixed assets | 22/27 | €191,076 | €144,658 | -€46,418 | -24.3% |
| Plant, machinery and equipment | 23 | €66,777 | €52,441 | -€14,336 | -21.5% |
| Furniture and vehicles | 24 | €34,892 | €19,641 | -€15,251 | -43.7% |
| Leasing and similar rights | 25 | €58,374 | €45,194 | -€13,180 | -22.6% |
| Other tangible fixed assets | 26 | €31,033 | €27,383 | -€3,650 | -11.8% |
| Current assets | 29/58 | €416,334 | €370,391 | -€45,943 | -11.0% |
| Stocks and contracts in progress | 3 | €312,513 | €216,938 | -€95,575 | -30.6% |
| Stocks | 30/36 | €312,513 | €216,938 | -€95,575 | -30.6% |
| Amounts receivable within one year | 40/41 | €81,423 | €94,195 | +€12,772 | +15.7% |
| Trade receivables | 40 | €3,674 | €11,875 | +€8,202 | +223% |
| Other amounts receivable | 41 | €77,750 | €82,320 | +€4,570 | +5.9% |
| Cash at bank and in hand | 54/58 | €7,058 | €30,462 | +€23,404 | +332% |
| Deferred charges and accrued income | 490/1 | €15,340 | €28,796 | +€13,455 | +87.7% |
| Total equity and liabilities | 10/49 | €657,622 | €551,513 | -€106,109 | -16.1% |
| Equity | 10/15 | €200,377 | €261,548 | +€61,171 | +30.5% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €188,516 | €234,280 | +€45,764 | +24.3% |
| Tax-exempt reserves | 132 | €6,222 | €6,222 | = | 0.0% |
| Distributable reserves | 133 | €182,294 | €228,058 | +€45,764 | +25.1% |
| Profit (loss) carried forward | 14 | -€15,407 | €0 | +€15,407 | |
| Amounts payable | 17/49 | €457,245 | €289,965 | -€167,280 | -36.6% |
| Amounts payable after more than one year | 17 | €64,645 | €45,824 | -€18,821 | -29.1% |
| Financial debts | 170/4 | €64,645 | €45,824 | -€18,821 | -29.1% |
| Amounts payable within one year | 42/48 | €275,273 | €244,141 | -€31,132 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €17,963 | €18,821 | +€858 | +4.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €88,724 | €14,825 | -€73,899 | -83.3% |
| Suppliers | 440/4 | €88,724 | €14,825 | -€73,899 | -83.3% |
| Taxes, remuneration and social security | 45 | €51,247 | €82,045 | +€30,798 | +60.1% |
| Taxes | 450/3 | €8,438 | €39,727 | +€31,288 | +371% |
| Remuneration and social security | 454/9 | €42,809 | €42,318 | -€490 | -1.1% |
| Other amounts payable | 47/48 | €117,338 | €128,450 | +€11,112 | +9.5% |
| Accrued charges and deferred income | 492/3 | €117,327 | €0 | -€117,327 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €573,412 | €568,263 | -€5,148 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,581 | €60,166 | +€4,585 | +8.2% |
| Other operating charges | 640/8 | €25,446 | €27,304 | +€1,858 | +7.3% |
| Gross operating margin | 9900 | €667,927 | €763,665 | +€95,737 | +14.3% |
| Operating profit (loss) | 9901 | €13,489 | €107,932 | +€94,442 | +700% |
| Financial income | 75/76B | €6,438 | €7,088 | +€650 | +10.1% |
| Recurring financial income | 75 | €6,438 | €7,088 | +€650 | +10.1% |
| Financial charges | 65/66B | €12,827 | €14,741 | +€1,914 | +14.9% |
| Recurring financial charges | 65 | €12,827 | €14,741 | +€1,914 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €7,100 | €100,279 | +€93,178 | +1,312% |
| Income taxes | 67/77 | €3,688 | €34,201 | +€30,512 | +827% |
| Profit (loss) for the period | 9904 | €3,412 | €66,078 | +€62,666 | +1,837% |
| Profit (loss) for the period to be appropriated | 9905 | €3,412 | €66,078 | +€62,666 | +1,837% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.