BULTEEL AUTOHANDEL: 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.
BULTEEL AUTOHANDEL
Largest movements
- Cash +€28,372
up €28,372 (+461%), from €6,155 to €34,527
mainly Depreciation (+€40,527) and Net result for the year (+€30,381)
- Stocks and contracts -€23,315
down €23,315 (-27.0%), from €86,252 to €62,937
- Tangible fixed assets -€20,588
down €20,588 (-12.7%), from €162,246 to €141,658
- Debts after one year -€27,433
down €27,433 (-87.7%), from €31,278 to €3,845
- Reserves +€25,677
up €25,677 (+16.5%), from €155,944 to €181,621
- Other debts -€11,378
down €11,378 (-52.8%), from €21,550 to €10,172
- Tax, wage and social debts +€3,717
up €3,717 (+166%), from €2,245 to €5,962
- Gross operating margin +€21,111
up €21,111 (+29.5%), from €71,469 to €92,579
- Taxes +€6,140
up €6,140 (+90.3%), from €6,802 to €12,942
- Financial charges -€1,619
down €1,619 (-29.9%), from €5,416 to €3,797
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 | €276,981 | €262,926 | -€14,054 | -5.1% |
| Fixed assets | 21/28 | €162,271 | €141,683 | -€20,588 | -12.7% |
| Tangible fixed assets | 22/27 | €162,246 | €141,658 | -€20,588 | -12.7% |
| Land and buildings | 22 | €88,914 | €81,061 | -€7,853 | -8.8% |
| Plant, machinery and equipment | 23 | €17,249 | €12,953 | -€4,297 | -24.9% |
| Furniture and vehicles | 24 | €56,083 | €47,644 | -€8,439 | -15.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €114,710 | €121,243 | +€6,534 | +5.7% |
| Stocks and contracts in progress | 3 | €86,252 | €62,937 | -€23,315 | -27.0% |
| Stocks | 30/36 | €86,252 | €62,937 | -€23,315 | -27.0% |
| Amounts receivable within one year | 40/41 | €13,685 | €15,076 | +€1,391 | +10.2% |
| Trade receivables | 40 | €12,350 | €12,218 | -€132 | -1.1% |
| Other amounts receivable | 41 | €1,335 | €2,858 | +€1,523 | +114% |
| Cash at bank and in hand | 54/58 | €6,155 | €34,527 | +€28,372 | +461% |
| Deferred charges and accrued income | 490/1 | €8,618 | €8,704 | +€86 | +1.0% |
| Total equity and liabilities | 10/49 | €276,981 | €262,926 | -€14,054 | -5.1% |
| Equity | 10/15 | €174,544 | €200,221 | +€25,677 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,944 | €181,621 | +€25,677 | +16.5% |
| Distributable reserves | 133 | €155,944 | €181,621 | +€25,677 | +16.5% |
| Amounts payable | 17/49 | €102,437 | €62,706 | -€39,731 | -38.8% |
| Amounts payable after more than one year | 17 | €31,278 | €3,845 | -€27,433 | -87.7% |
| Financial debts | 170/4 | €31,278 | €3,845 | -€27,433 | -87.7% |
| Amounts payable within one year | 42/48 | €71,159 | €58,802 | -€12,357 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €29,431 | €27,433 | -€1,998 | -6.8% |
| Trade debts | 44 | €17,933 | €15,234 | -€2,699 | -15.0% |
| Suppliers | 440/4 | €17,933 | €15,234 | -€2,699 | -15.0% |
| Taxes, remuneration and social security | 45 | €2,245 | €5,962 | +€3,717 | +166% |
| Taxes | 450/3 | €2,245 | €5,962 | +€3,717 | +166% |
| Other amounts payable | 47/48 | €21,550 | €10,172 | -€11,378 | -52.8% |
| Accrued charges and deferred income | 492/3 | - | €59 | +€59 | |
| Non-recurring operating income | 76A | €1,794 | €1,564 | -€230 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,852 | €40,527 | +€675 | +1.7% |
| Other operating charges | 640/8 | €5,319 | €4,964 | -€355 | -6.7% |
| Gross operating margin | 9900 | €71,469 | €92,579 | +€21,111 | +29.5% |
| Operating profit (loss) | 9901 | €26,298 | €47,088 | +€20,791 | +79.1% |
| Financial income | 75/76B | €44 | €32 | -€13 | -28.6% |
| Recurring financial income | 75 | €44 | €32 | -€13 | -28.6% |
| Financial charges | 65/66B | €5,416 | €3,797 | -€1,619 | -29.9% |
| Recurring financial charges | 65 | €5,416 | €3,797 | -€1,619 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €20,926 | €43,323 | +€22,397 | +107% |
| Income taxes | 67/77 | €6,802 | €12,942 | +€6,140 | +90.3% |
| Profit (loss) for the period | 9904 | €14,124 | €30,381 | +€16,257 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €14,124 | €30,381 | +€16,257 | +115% |
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 29 October 2026 via checked.be.