BULTE SHOWROOM: 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.
BULTE SHOWROOM
Largest movements
- Stocks and contracts +€109,676
up €109,676 (+31.1%), from €352,866 to €462,542
- Cash -€104,341
down €104,341 (-50.3%), from €207,362 to €103,021
mainly Stocks and contracts (-€109,676) and Net result for the year (-€42,471)
- Tangible fixed assets -€36,681
down €36,681 (-11.7%), from €313,373 to €276,692
of which Land and buildings: -€27,219
- Reserves -€42,471
down €42,471 (-21.4%), from €198,060 to €155,589
of which Distributable reserves: -€42,471
- Trade debts +€40,091
up €40,091 (+16.1%), from €248,770 to €288,861
- Debts after one year -€24,052
down €24,052 (-56.6%), from €42,467 to €18,415
- Current portion of long-term debt -€14,708
down €14,708 (-37.9%), from €38,760 to €24,052
- Tax, wage and social debts +€12,878
up €12,878 (+23.0%), from €56,105 to €68,982
of which Remuneration and social security: +€20,297
- Gross operating margin -€62,152
down €62,152 (-12.2%), from €508,691 to €446,539
- Staff costs -€31,438
down €31,438 (-6.4%), from €487,864 to €456,426
- Depreciation +€14,715
up €14,715 (+52.7%), from €27,917 to €42,632
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 | €901,455 | €869,461 | -€31,994 | -3.5% |
| Fixed assets | 21/28 | €313,373 | €276,692 | -€36,681 | -11.7% |
| Tangible fixed assets | 22/27 | €313,373 | €276,692 | -€36,681 | -11.7% |
| Land and buildings | 22 | €276,413 | €249,195 | -€27,219 | -9.8% |
| Plant, machinery and equipment | 23 | €29,247 | €24,205 | -€5,042 | -17.2% |
| Furniture and vehicles | 24 | €7,713 | €3,293 | -€4,420 | -57.3% |
| Current assets | 29/58 | €588,082 | €592,768 | +€4,686 | +0.8% |
| Stocks and contracts in progress | 3 | €352,866 | €462,542 | +€109,676 | +31.1% |
| Stocks | 30/36 | €352,866 | €462,542 | +€109,676 | +31.1% |
| Amounts receivable within one year | 40/41 | €16,882 | €16,213 | -€668 | -4.0% |
| Trade receivables | 40 | €228 | €5 | -€223 | -97.8% |
| Other amounts receivable | 41 | €16,654 | €16,208 | -€446 | -2.7% |
| Cash at bank and in hand | 54/58 | €207,362 | €103,021 | -€104,341 | -50.3% |
| Deferred charges and accrued income | 490/1 | €10,973 | €10,992 | +€20 | +0.2% |
| Total equity and liabilities | 10/49 | €901,455 | €869,461 | -€31,994 | -3.5% |
| Equity | 10/15 | €448,060 | €405,589 | -€42,471 | -9.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €198,060 | €155,589 | -€42,471 | -21.4% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €173,060 | €130,589 | -€42,471 | -24.5% |
| Amounts payable | 17/49 | €453,394 | €463,871 | +€10,477 | +2.3% |
| Amounts payable after more than one year | 17 | €42,467 | €18,415 | -€24,052 | -56.6% |
| Financial debts | 170/4 | €42,467 | €18,415 | -€24,052 | -56.6% |
| Amounts payable within one year | 42/48 | €410,773 | €443,085 | +€32,312 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €38,760 | €24,052 | -€14,708 | -37.9% |
| Trade debts | 44 | €248,770 | €288,861 | +€40,091 | +16.1% |
| Suppliers | 440/4 | €248,770 | €288,861 | +€40,091 | +16.1% |
| Advances received on contracts in progress | 46 | €3,396 | €2,828 | -€568 | -16.7% |
| Taxes, remuneration and social security | 45 | €56,105 | €68,982 | +€12,878 | +23.0% |
| Taxes | 450/3 | €56,105 | €48,685 | -€7,419 | -13.2% |
| Remuneration and social security | 454/9 | - | €20,297 | +€20,297 | |
| Other amounts payable | 47/48 | €63,743 | €58,361 | -€5,381 | -8.4% |
| Accrued charges and deferred income | 492/3 | €155 | €2,372 | +€2,217 | +1,432% |
| Remuneration, social security and pensions | 62 | €487,864 | €456,426 | -€31,438 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,917 | €42,632 | +€14,715 | +52.7% |
| Other operating charges | 640/8 | €8,839 | €10,988 | +€2,149 | +24.3% |
| Gross operating margin | 9900 | €508,691 | €446,539 | -€62,152 | -12.2% |
| Operating profit (loss) | 9901 | -€15,929 | -€63,506 | -€47,577 | -299% |
| Financial income | 75/76B | €42,484 | €39,142 | -€3,342 | -7.9% |
| Recurring financial income | 75 | €42,484 | €39,142 | -€3,342 | -7.9% |
| Financial charges | 65/66B | €16,905 | €17,960 | +€1,055 | +6.2% |
| Recurring financial charges | 65 | €16,905 | €17,960 | +€1,055 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €9,650 | -€42,324 | -€51,974 | |
| Income taxes | 67/77 | €146 | €147 | +€1 | +0.9% |
| Profit (loss) for the period | 9904 | €9,505 | -€42,471 | -€51,975 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,505 | -€42,471 | -€51,975 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.