BULNES CONSULTING: 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.
BULNES CONSULTING
Largest movements
- Receivables within one year -€51,065
down €51,065 (-69.3%), from €73,718 to €22,653
of which Trade receivables: -€64,471
- Cash +€21,029
up €21,029 (+21.6%), from €97,395 to €118,424
mainly Receivables within one year (+€51,065) and Net result for the year (+€18,749)
- Tangible fixed assets -€4,192
down €4,192 (-46.5%), from €9,009 to €4,817
of which Furniture and vehicles: -€4,148
- Tax, wage and social debts -€35,994
down €35,994 (-99.8%), from €36,070 to €76
- Other debts -€6,612
down €6,612 (-30.6%), from €21,612 to €15,000
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Profit (loss) carried forward +€3,749
up €3,749 (+3.5%), from €107,668 to €111,416
- Gross operating margin -€38,251
down €38,251 (-53.0%), from €72,189 to €33,938
- Taxes -€6,079
down €6,079 (-41.2%), from €14,758 to €8,679
- Financial charges -€1,695
down €1,695 (-96.0%), from €1,765 to €70
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 | €180,904 | €147,364 | -€33,540 | -18.5% |
| Fixed assets | 21/28 | €9,503 | €5,311 | -€4,192 | -44.1% |
| Tangible fixed assets | 22/27 | €9,009 | €4,817 | -€4,192 | -46.5% |
| Plant, machinery and equipment | 23 | €44 | €0 | -€44 | -100% |
| Furniture and vehicles | 24 | €8,965 | €4,817 | -€4,148 | -46.3% |
| Financial fixed assets | 28 | €494 | €494 | = | 0.0% |
| Current assets | 29/58 | €171,401 | €142,053 | -€29,348 | -17.1% |
| Amounts receivable within one year | 40/41 | €73,718 | €22,653 | -€51,065 | -69.3% |
| Trade receivables | 40 | €64,471 | €0 | -€64,471 | -100% |
| Other amounts receivable | 41 | €9,247 | €22,653 | +€13,406 | +145% |
| Cash at bank and in hand | 54/58 | €97,395 | €118,424 | +€21,029 | +21.6% |
| Deferred charges and accrued income | 490/1 | €289 | €977 | +€688 | +238% |
| Total equity and liabilities | 10/49 | €180,904 | €147,364 | -€33,540 | -18.5% |
| Equity | 10/15 | €120,068 | €130,016 | +€9,949 | +8.3% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Profit (loss) carried forward | 14 | €107,668 | €111,416 | +€3,749 | +3.5% |
| Amounts payable | 17/49 | €60,836 | €17,347 | -€43,489 | -71.5% |
| Amounts payable within one year | 42/48 | €59,177 | €17,347 | -€41,830 | -70.7% |
| Trade debts | 44 | €1,495 | €2,271 | +€776 | +51.9% |
| Suppliers | 440/4 | €1,495 | €2,271 | +€776 | +51.9% |
| Taxes, remuneration and social security | 45 | €36,070 | €76 | -€35,994 | -99.8% |
| Taxes | 450/3 | €36,070 | €76 | -€35,994 | -99.8% |
| Other amounts payable | 47/48 | €21,612 | €15,000 | -€6,612 | -30.6% |
| Accrued charges and deferred income | 492/3 | €1,659 | €0 | -€1,659 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,051 | €5,383 | +€331 | +6.6% |
| Other operating charges | 640/8 | €755 | €1,057 | +€303 | +40.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €72,189 | €33,938 | -€38,251 | -53.0% |
| Operating profit (loss) | 9901 | €66,383 | €27,498 | -€38,885 | -58.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +66.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +66.7% |
| Financial charges | 65/66B | €1,765 | €70 | -€1,695 | -96.0% |
| Recurring financial charges | 65 | €1,765 | €70 | -€1,695 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €64,617 | €27,427 | -€37,190 | -57.6% |
| Income taxes | 67/77 | €14,758 | €8,679 | -€6,079 | -41.2% |
| Profit (loss) for the period | 9904 | €49,859 | €18,749 | -€31,111 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,859 | €18,749 | -€31,111 | -62.4% |
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 30 October 2026 via checked.be.