BULLOM: 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.
BULLOM
Largest movements
- Tangible fixed assets +€12,346
up €12,346 (+438%), from €2,820 to €15,166
of which Furniture and vehicles: +€10,325
- Cash +€7,087
up €7,087 (+70.4%), from €10,060 to €17,147
mainly Net result for the year (+€18,752) and Other debts (+€13,296)
- Receivables within one year +€7,071
up €7,071 (+182%), from €3,895 to €10,966
of which Trade receivables: +€9,825
- Stocks and contracts +€4,650
new in 2025: €4,650
- Profit (loss) carried forward +€18,752
up €18,752 (+2,829%), from €663 to €19,415
- Other debts +€13,296
new in 2025: €13,296
- Trade debts -€1,095
down €1,095 (-54.8%), from €1,999 to €905
- Gross operating margin +€47,616
up €47,616, from -€22,388 to €25,228
- Depreciation +€2,159
up €2,159 (+64.3%), from €3,359 to €5,518
- Financial charges -€375
down €375 (-61.3%), from €612 to €237
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 | €23,122 | €54,075 | +€30,953 | +134% |
| Fixed assets | 21/28 | €2,845 | €15,191 | +€12,346 | +434% |
| Tangible fixed assets | 22/27 | €2,820 | €15,166 | +€12,346 | +438% |
| Plant, machinery and equipment | 23 | €2,820 | €4,841 | +€2,021 | +71.7% |
| Furniture and vehicles | 24 | - | €10,325 | +€10,325 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €20,277 | €38,884 | +€18,607 | +91.8% |
| Amounts receivable after more than one year | 29 | €6,002 | €6,002 | = | 0.0% |
| Trade receivables | 290 | €6,002 | €6,002 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €4,650 | +€4,650 | |
| Stocks | 30/36 | - | €4,650 | +€4,650 | |
| Amounts receivable within one year | 40/41 | €3,895 | €10,966 | +€7,071 | +182% |
| Trade receivables | 40 | - | €9,825 | +€9,825 | |
| Other amounts receivable | 41 | €3,895 | €1,141 | -€2,754 | -70.7% |
| Cash at bank and in hand | 54/58 | €10,060 | €17,147 | +€7,087 | +70.4% |
| Deferred charges and accrued income | 490/1 | €319 | €119 | -€200 | -62.7% |
| Total equity and liabilities | 10/49 | €23,122 | €54,075 | +€30,953 | +134% |
| Equity | 10/15 | €21,123 | €39,875 | +€18,752 | +88.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €663 | €19,415 | +€18,752 | +2,829% |
| Amounts payable | 17/49 | €1,999 | €14,200 | +€12,201 | +610% |
| Amounts payable within one year | 42/48 | €1,999 | €14,200 | +€12,201 | +610% |
| Trade debts | 44 | €1,999 | €905 | -€1,095 | -54.8% |
| Suppliers | 440/4 | €1,999 | €905 | -€1,095 | -54.8% |
| Other amounts payable | 47/48 | - | €13,296 | +€13,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,359 | €5,518 | +€2,159 | +64.3% |
| Other operating charges | 640/8 | €768 | €741 | -€27 | -3.5% |
| Gross operating margin | 9900 | -€22,388 | €25,228 | +€47,616 | |
| Operating profit (loss) | 9901 | -€26,514 | €18,970 | +€45,484 | |
| Financial income | 75/76B | €18 | €19 | +€1 | +3.8% |
| Recurring financial income | 75 | €18 | €19 | +€1 | +3.8% |
| Financial charges | 65/66B | €612 | €237 | -€375 | -61.3% |
| Recurring financial charges | 65 | €612 | €237 | -€375 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,108 | €18,752 | +€45,860 | |
| Profit (loss) for the period | 9904 | -€27,108 | €18,752 | +€45,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,108 | €18,752 | +€45,860 |
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 20 October 2026 via checked.be.