BULL-TECH: 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.
BULL-TECH
Largest movements
- Receivables within one year -€6,025
down €6,025 (-21.4%), from €28,218 to €22,192
of which Trade receivables: -€10,581
- Cash +€5,961
up €5,961 (+52.1%), from €11,440 to €17,401
mainly Other debts (+€8,523) and Receivables within one year (+€6,025)
- Tangible fixed assets -€3,465
down €3,465 (-10.3%), from €33,706 to €30,240
of which Land and buildings: -€2,452
- Other debts +€8,523
up €8,523 (+883%), from €965 to €9,488
- Tax, wage and social debts -€5,402
down €5,402 (-42.2%), from €12,797 to €7,395
- Profit (loss) carried forward -€5,262
down €5,262 (-20.7%), from €25,450 to €20,188
- Trade debts -€793
down €793 (-33.6%), from €2,358 to €1,565
- Gross operating margin -€30,923
down €30,923 (-87.7%), from €35,266 to €4,343
- Taxes -€6,615
down €6,615 (-93.0%), from €7,112 to €497
- Other operating charges +€996
up €996 (+43.8%), from €2,275 to €3,272
- Depreciation -€782
down €782 (-18.4%), from €4,247 to €3,465
- Financial charges -€375
down €375 (-12.7%), from €2,956 to €2,581
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 | €77,644 | €74,709 | -€2,935 | -3.8% |
| Fixed assets | 21/28 | €33,706 | €30,240 | -€3,465 | -10.3% |
| Tangible fixed assets | 22/27 | €33,706 | €30,240 | -€3,465 | -10.3% |
| Land and buildings | 22 | €31,854 | €29,402 | -€2,452 | -7.7% |
| Plant, machinery and equipment | 23 | €69 | €3 | -€66 | -96.0% |
| Furniture and vehicles | 24 | €1,783 | €836 | -€947 | -53.1% |
| Current assets | 29/58 | €43,938 | €44,469 | +€531 | +1.2% |
| Amounts receivable within one year | 40/41 | €28,218 | €22,192 | -€6,025 | -21.4% |
| Trade receivables | 40 | €28,218 | €17,637 | -€10,581 | -37.5% |
| Other amounts receivable | 41 | - | €4,556 | +€4,556 | |
| Cash at bank and in hand | 54/58 | €11,440 | €17,401 | +€5,961 | +52.1% |
| Deferred charges and accrued income | 490/1 | €4,280 | €4,875 | +€595 | +13.9% |
| Total equity and liabilities | 10/49 | €77,644 | €74,709 | -€2,935 | -3.8% |
| Equity | 10/15 | €61,524 | €56,262 | -€5,262 | -8.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,674 | €23,674 | = | 0.0% |
| Distributable reserves | 133 | €23,674 | €23,674 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,450 | €20,188 | -€5,262 | -20.7% |
| Amounts payable | 17/49 | €16,120 | €18,447 | +€2,327 | +14.4% |
| Amounts payable within one year | 42/48 | €16,120 | €18,447 | +€2,327 | +14.4% |
| Trade debts | 44 | €2,358 | €1,565 | -€793 | -33.6% |
| Suppliers | 440/4 | €2,358 | €1,565 | -€793 | -33.6% |
| Taxes, remuneration and social security | 45 | €12,797 | €7,395 | -€5,402 | -42.2% |
| Taxes | 450/3 | €12,797 | €7,395 | -€5,402 | -42.2% |
| Other amounts payable | 47/48 | €965 | €9,488 | +€8,523 | +883% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,247 | €3,465 | -€782 | -18.4% |
| Other operating charges | 640/8 | €2,275 | €3,272 | +€996 | +43.8% |
| Gross operating margin | 9900 | €35,266 | €4,343 | -€30,923 | -87.7% |
| Operating profit (loss) | 9901 | €28,743 | -€2,394 | -€31,138 | |
| Financial income | 75/76B | - | €210 | +€210 | |
| Recurring financial income | 75 | - | €210 | +€210 | |
| Financial charges | 65/66B | €2,956 | €2,581 | -€375 | -12.7% |
| Recurring financial charges | 65 | €2,956 | €2,581 | -€375 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €25,787 | -€4,765 | -€30,552 | |
| Income taxes | 67/77 | €7,112 | €497 | -€6,615 | -93.0% |
| Profit (loss) for the period | 9904 | €18,676 | -€5,262 | -€23,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,676 | -€5,262 | -€23,938 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.