BULS: 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.
BULS
Largest movements
- Cash -€964
down €964 (-88.4%), from €1,090 to €127
mainly Net result for the year (-€907) and Receivables within one year (-€57)
- Receivables within one year +€57
up €57 (+14.2%), from €398 to €455
of which Other amounts receivable: +€66
- Profit (loss) carried forward -€907
down €907 (-4.7%), from -€19,228 to -€20,135
- Gross operating margin +€1,262
up €1,262 (+83.4%), from -€1,513 to -€251
- Other operating charges +€418
new in 2025: €418
- Financial charges +€16
up €16 (+7.2%), from €222 to €238
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.
Cash bridge derived
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 | €1,488 | €581 | -€907 | -61.0% |
| Current assets | 29/58 | €1,488 | €581 | -€907 | -61.0% |
| Amounts receivable within one year | 40/41 | €398 | €455 | +€57 | +14.2% |
| Trade receivables | 40 | €9 | - | -€9 | |
| Other amounts receivable | 41 | €389 | €455 | +€66 | +17.0% |
| Cash at bank and in hand | 54/58 | €1,090 | €127 | -€964 | -88.4% |
| Total equity and liabilities | 10/49 | €1,488 | €581 | -€907 | -61.0% |
| Equity | 10/15 | -€512 | -€1,419 | -€907 | -177.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €124 | €124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €124 | €124 | = | 0.0% |
| Reserves not available under the articles | 1311 | €124 | €124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,228 | -€20,135 | -€907 | -4.7% |
| Amounts payable | 17/49 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | - | €418 | +€418 | |
| Gross operating margin | 9900 | -€1,513 | -€251 | +€1,262 | +83.4% |
| Operating profit (loss) | 9901 | -€1,513 | -€670 | +€843 | +55.7% |
| Financial charges | 65/66B | €222 | €238 | +€16 | +7.2% |
| Recurring financial charges | 65 | €222 | €238 | +€16 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,735 | -€907 | +€827 | +47.7% |
| Profit (loss) for the period | 9904 | -€1,735 | -€907 | +€827 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,735 | -€907 | +€827 | +47.7% |
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 9 October 2026 via checked.be.