Bulteel Consulting: 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 Consulting
Largest movements
- Cash -€14,121
down €14,121 (-7.0%), from €201,248 to €187,127
mainly Net result for the year (-€18,506) and Trade debts (-€3,257)
- Receivables within one year -€5,663
down €5,663 (-88.5%), from €6,402 to €739
- Reserves -€18,506
down €18,506 (-9.1%), from €203,703 to €185,197
- Trade debts -€3,257
down €3,257 (-97.1%), from €3,355 to €98
- Gross operating margin +€8,492
up €8,492 (+36.9%), from -€23,025 to -€14,533
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 | €209,567 | €188,303 | -€21,264 | -10.1% |
| Fixed assets | 21/28 | €1,917 | €437 | -€1,480 | -77.2% |
| Tangible fixed assets | 22/27 | €1,917 | €437 | -€1,480 | -77.2% |
| Furniture and vehicles | 24 | €1,917 | €437 | -€1,480 | -77.2% |
| Current assets | 29/58 | €207,650 | €187,866 | -€19,784 | -9.5% |
| Amounts receivable within one year | 40/41 | €6,402 | €739 | -€5,663 | -88.5% |
| Other amounts receivable | 41 | €6,402 | €739 | -€5,663 | -88.5% |
| Cash at bank and in hand | 54/58 | €201,248 | €187,127 | -€14,121 | -7.0% |
| Total equity and liabilities | 10/49 | €209,567 | €188,303 | -€21,264 | -10.1% |
| Equity | 10/15 | €205,703 | €187,197 | -€18,506 | -9.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €203,703 | €185,197 | -€18,506 | -9.1% |
| Distributable reserves | 133 | €203,703 | €185,197 | -€18,506 | -9.1% |
| Amounts payable | 17/49 | €3,864 | €1,106 | -€2,759 | -71.4% |
| Amounts payable within one year | 42/48 | €3,864 | €1,106 | -€2,759 | -71.4% |
| Trade debts | 44 | €3,355 | €98 | -€3,257 | -97.1% |
| Suppliers | 440/4 | €3,355 | €98 | -€3,257 | -97.1% |
| Taxes, remuneration and social security | 45 | €489 | €987 | +€498 | +102% |
| Taxes | 450/3 | €489 | €987 | +€498 | +102% |
| Other amounts payable | 47/48 | €21 | €21 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,709 | €1,480 | -€229 | -13.4% |
| Other operating charges | 640/8 | €1,895 | €1,943 | +€48 | +2.5% |
| Gross operating margin | 9900 | -€23,025 | -€14,533 | +€8,492 | +36.9% |
| Operating profit (loss) | 9901 | -€26,630 | -€17,956 | +€8,674 | +32.6% |
| Financial income | 75/76B | €16 | €9 | -€7 | -45.1% |
| Recurring financial income | 75 | €16 | €9 | -€7 | -45.1% |
| Financial charges | 65/66B | €61 | €60 | -€1 | -1.6% |
| Recurring financial charges | 65 | €61 | €60 | -€1 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,675 | -€18,007 | +€8,667 | +32.5% |
| Income taxes | 67/77 | €489 | €498 | +€10 | +2.0% |
| Profit (loss) for the period | 9904 | -€27,163 | -€18,506 | +€8,658 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,163 | -€18,506 | +€8,658 | +31.9% |
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 19 October 2026 via checked.be.