Bulté compagnie: 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.
Bulté compagnie
Largest movements
- Cash +€29,499
up €29,499 (+23.1%), from €127,950 to €157,448
mainly Other debts (+€21,822) and Net result for the year (+€21,477)
- Tangible fixed assets -€13,859
down €13,859 (-35.6%), from €38,877 to €25,017
- Receivables within one year -€9,893
down €9,893 (-57.7%), from €17,132 to €7,239
of which Other amounts receivable: -€6,675
- Other debts +€21,822
up €21,822 (+72.0%), from €30,324 to €52,146
- Reserves -€9,293
down €9,293 (-9.8%), from €94,413 to €85,119
- Trade debts -€4,512
down €4,512 (-48.9%), from €9,230 to €4,717
- Gross operating margin +€9,902
up €9,902 (+8.9%), from €111,789 to €121,691
- Staff costs -€5,136
down €5,136 (-6.4%), from €79,767 to €74,630
- Taxes +€4,913
up €4,913 (+139%), from €3,537 to €8,451
- Depreciation -€2,478
down €2,478 (-14.2%), from €17,502 to €15,024
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 | €193,376 | €196,686 | +€3,309 | +1.7% |
| Fixed assets | 21/28 | €38,877 | €25,017 | -€13,859 | -35.6% |
| Tangible fixed assets | 22/27 | €38,877 | €25,017 | -€13,859 | -35.6% |
| Land and buildings | 22 | €2,901 | €1,563 | -€1,338 | -46.1% |
| Plant, machinery and equipment | 23 | €24,929 | €18,272 | -€6,657 | -26.7% |
| Furniture and vehicles | 24 | €11,047 | €5,182 | -€5,865 | -53.1% |
| Current assets | 29/58 | €154,500 | €171,668 | +€17,169 | +11.1% |
| Stocks and contracts in progress | 3 | €8,337 | €6,500 | -€1,837 | -22.0% |
| Stocks | 30/36 | €8,337 | €6,500 | -€1,837 | -22.0% |
| Amounts receivable within one year | 40/41 | €17,132 | €7,239 | -€9,893 | -57.7% |
| Trade receivables | 40 | €6,988 | €3,770 | -€3,218 | -46.1% |
| Other amounts receivable | 41 | €10,144 | €3,469 | -€6,675 | -65.8% |
| Cash at bank and in hand | 54/58 | €127,950 | €157,448 | +€29,499 | +23.1% |
| Deferred charges and accrued income | 490/1 | €1,081 | €481 | -€600 | -55.5% |
| Total equity and liabilities | 10/49 | €193,376 | €196,686 | +€3,309 | +1.7% |
| Equity | 10/15 | €139,337 | €130,043 | -€9,293 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,413 | €85,119 | -€9,293 | -9.8% |
| Distributable reserves | 133 | €94,413 | €85,119 | -€9,293 | -9.8% |
| Profit (loss) carried forward | 14 | €26,324 | €26,324 | = | 0.0% |
| Amounts payable | 17/49 | €54,039 | €66,642 | +€12,603 | +23.3% |
| Amounts payable after more than one year | 17 | €1,057 | - | -€1,057 | |
| Financial debts | 170/4 | €1,057 | - | -€1,057 | |
| Amounts payable within one year | 42/48 | €52,982 | €66,642 | +€13,660 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €2,981 | €1,057 | -€1,924 | -64.5% |
| Trade debts | 44 | €9,230 | €4,717 | -€4,512 | -48.9% |
| Suppliers | 440/4 | €9,230 | €4,717 | -€4,512 | -48.9% |
| Taxes, remuneration and social security | 45 | €10,447 | €8,721 | -€1,726 | -16.5% |
| Taxes | 450/3 | €34 | €318 | +€284 | +839% |
| Remuneration and social security | 454/9 | €10,413 | €8,403 | -€2,010 | -19.3% |
| Other amounts payable | 47/48 | €30,324 | €52,146 | +€21,822 | +72.0% |
| Remuneration, social security and pensions | 62 | €79,767 | €74,630 | -€5,136 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,502 | €15,024 | -€2,478 | -14.2% |
| Other operating charges | 640/8 | €1,595 | €1,089 | -€506 | -31.7% |
| Gross operating margin | 9900 | €111,789 | €121,691 | +€9,902 | +8.9% |
| Operating profit (loss) | 9901 | €12,925 | €30,948 | +€18,023 | +139% |
| Financial income | 75/76B | €186 | €355 | +€169 | +91.0% |
| Recurring financial income | 75 | €186 | €355 | +€169 | +91.0% |
| Financial charges | 65/66B | €1,316 | €1,375 | +€60 | +4.5% |
| Recurring financial charges | 65 | €1,316 | €1,375 | +€60 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €11,795 | €29,928 | +€18,132 | +154% |
| Income taxes | 67/77 | €3,537 | €8,451 | +€4,913 | +139% |
| Profit (loss) for the period | 9904 | €8,258 | €21,477 | +€13,219 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €8,258 | €21,477 | +€13,219 | +160% |
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 27 October 2026 via checked.be.