BULTAVI LTD: 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.
BULTAVI LTD
Largest movements
- Receivables within one year -€81,233
down €81,233 (-57.2%), from €141,903 to €60,671
of which Trade receivables: -€88,479
- Cash +€79,467
up €79,467 (+904.7%), from €8,784 to €88,251
mainly Receivables within one year (+€81,233) and Trade debts (+€274)
- Tax, wage and social debts -€2,312
down €2,312 (-78.4%), from €2,949 to €637
- Gross operating margin +€4,110
up €4,110 (+75.8%), from -€5,423 to -€1,313
- Financial income +€135
up €135 (+7.9%), from €1,720 to €1,855
- Other operating charges -€59
down €59 (-21.8%), from €270 to €211
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 | €150,687 | €148,921 | -€1,766 | -1.2% |
| Current assets | 29/58 | €150,687 | €148,921 | -€1,766 | -1.2% |
| Amounts receivable within one year | 40/41 | €141,903 | €60,671 | -€81,233 | -57.2% |
| Trade receivables | 40 | €103,789 | €15,310 | -€88,479 | -85.2% |
| Other amounts receivable | 41 | €38,114 | €45,360 | +€7,246 | +19.0% |
| Cash at bank and in hand | 54/58 | €8,784 | €88,251 | +€79,467 | +904.7% |
| Total equity and liabilities | 10/49 | €150,687 | €148,921 | -€1,766 | -1.2% |
| Equity | 10/15 | €146,687 | €146,959 | +€272 | +0.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €135,707 | €135,707 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €130,707 | €130,707 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,021 | -€3,748 | +€272 | +6.8% |
| Amounts payable | 17/49 | €4,001 | €1,963 | -€2,038 | -50.9% |
| Amounts payable within one year | 42/48 | €4,001 | €1,963 | -€2,038 | -50.9% |
| Trade debts | 44 | €1,051 | €1,325 | +€274 | +26.1% |
| Suppliers | 440/4 | €1,051 | €1,325 | +€274 | +26.1% |
| Taxes, remuneration and social security | 45 | €2,949 | €637 | -€2,312 | -78.4% |
| Taxes | 450/3 | €2,949 | €637 | -€2,312 | -78.4% |
| Other operating charges | 640/8 | €270 | €211 | -€59 | -21.8% |
| Gross operating margin | 9900 | -€5,423 | -€1,313 | +€4,110 | +75.8% |
| Operating profit (loss) | 9901 | -€5,693 | -€1,524 | +€4,169 | +73.2% |
| Financial income | 75/76B | €1,720 | €1,855 | +€135 | +7.9% |
| Recurring financial income | 75 | €1,720 | €1,855 | +€135 | +7.9% |
| Financial charges | 65/66B | €48 | €59 | +€12 | +24.2% |
| Recurring financial charges | 65 | €48 | €59 | +€12 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,021 | €272 | +€4,293 | |
| Profit (loss) for the period | 9904 | -€4,021 | €272 | +€4,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,021 | €272 | +€4,293 |
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 11 October 2026 via checked.be.