BULREN: 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.
BULREN
Largest movements
- Cash -€5,431
down €5,431 (-100.0%), from €5,431 to €0
mainly Trade debts (-€21,684) and Receivables within one year (-€4,813)
- Receivables within one year +€4,813
up €4,813 (+10.6%), from €45,293 to €50,106
of which Other amounts receivable: +€23,871
- Trade debts -€21,684
down €21,684 (-77.4%), from €28,022 to €6,338
- Profit (loss) carried forward +€18,021
up €18,021 (+109%), from €16,562 to €34,583
- Tax, wage and social debts +€3,045
up €3,045 (+73.5%), from €4,140 to €7,185
- Gross operating margin +€10,756
up €10,756 (+83.3%), from €12,917 to €23,673
- Taxes +€2,357
up €2,357 (+94.3%), from €2,499 to €4,856
- Other operating charges +€1,020
up €1,020 (+285%), from €358 to €1,378
- Financial income +€643
new in 2023: €643
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,724 | €50,106 | -€618 | -1.2% |
| Current assets | 29/58 | €50,724 | €50,106 | -€618 | -1.2% |
| Amounts receivable within one year | 40/41 | €45,293 | €50,106 | +€4,813 | +10.6% |
| Trade receivables | 40 | €41,826 | €22,768 | -€19,058 | -45.6% |
| Other amounts receivable | 41 | €3,467 | €27,338 | +€23,871 | +689% |
| Cash at bank and in hand | 54/58 | €5,431 | €0 | -€5,431 | -100.0% |
| Total equity and liabilities | 10/49 | €50,724 | €50,106 | -€618 | -1.2% |
| Equity | 10/15 | €18,562 | €36,583 | +€18,021 | +97.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,562 | €34,583 | +€18,021 | +109% |
| Amounts payable | 17/49 | €32,162 | €13,523 | -€18,639 | -58.0% |
| Amounts payable within one year | 42/48 | €32,162 | €13,523 | -€18,639 | -58.0% |
| Trade debts | 44 | €28,022 | €6,338 | -€21,684 | -77.4% |
| Suppliers | 440/4 | €28,022 | €6,338 | -€21,684 | -77.4% |
| Taxes, remuneration and social security | 45 | €4,140 | €7,185 | +€3,045 | +73.5% |
| Taxes | 450/3 | €4,140 | €7,185 | +€3,045 | +73.5% |
| Other operating charges | 640/8 | €358 | €1,378 | +€1,020 | +285% |
| Gross operating margin | 9900 | €12,917 | €23,673 | +€10,756 | +83.3% |
| Operating profit (loss) | 9901 | €12,559 | €22,295 | +€9,736 | +77.5% |
| Financial income | 75/76B | - | €643 | +€643 | |
| Recurring financial income | 75 | - | €643 | +€643 | |
| Financial charges | 65/66B | €61 | €60 | -€1 | -1.5% |
| Recurring financial charges | 65 | €61 | €60 | -€1 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €12,498 | €22,877 | +€10,379 | +83.0% |
| Income taxes | 67/77 | €2,499 | €4,856 | +€2,357 | +94.3% |
| Profit (loss) for the period | 9904 | €9,999 | €18,022 | +€8,023 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,999 | €18,022 | +€8,023 | +80.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.