Bulwik: 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.
Bulwik
Largest movements
- Receivables within one year +€3,134
up €3,134 (+17.7%), from €17,713 to €20,847
of which Other amounts receivable: +€3,134
- Cash +€472
up €472 (+144%), from €327 to €799
mainly Trade debts (+€3,763)
- Trade debts +€3,763
up €3,763 (+128%), from €2,940 to €6,704
- Gross operating margin -€2,453
down €2,453, from €1,765 to -€688
- Other operating charges -€291
down €291 (-42.1%), from €690 to €399
- Financial income +€103
up €103 (+11.3%), from €912 to €1,015
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 | €28,520 | €32,126 | +€3,606 | +12.6% |
| Fixed assets | 21/28 | €480 | €480 | = | 0.0% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €28,040 | €31,646 | +€3,606 | +12.9% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,713 | €20,847 | +€3,134 | +17.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €17,713 | €20,847 | +€3,134 | +17.7% |
| Cash at bank and in hand | 54/58 | €327 | €799 | +€472 | +144% |
| Total equity and liabilities | 10/49 | €28,520 | €32,126 | +€3,606 | +12.6% |
| Equity | 10/15 | €24,635 | €24,478 | -€157 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,035 | €6,035 | = | 0.0% |
| Distributable reserves | 133 | €6,035 | €6,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€157 | -€157 | |
| Amounts payable | 17/49 | €3,885 | €7,648 | +€3,763 | +96.9% |
| Amounts payable within one year | 42/48 | €3,885 | €7,648 | +€3,763 | +96.9% |
| Trade debts | 44 | €2,940 | €6,704 | +€3,763 | +128% |
| Suppliers | 440/4 | €2,940 | €6,704 | +€3,763 | +128% |
| Taxes, remuneration and social security | 45 | €945 | €945 | = | 0.0% |
| Taxes | 450/3 | €945 | €945 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €690 | €399 | -€291 | -42.1% |
| Gross operating margin | 9900 | €1,765 | -€688 | -€2,453 | |
| Operating profit (loss) | 9901 | €1,075 | -€1,088 | -€2,162 | |
| Financial income | 75/76B | €912 | €1,015 | +€103 | +11.3% |
| Recurring financial income | 75 | €912 | €1,015 | +€103 | +11.3% |
| Financial charges | 65/66B | €92 | €84 | -€8 | -8.8% |
| Recurring financial charges | 65 | €92 | €84 | -€8 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €1,894 | -€157 | -€2,051 | |
| Profit (loss) for the period | 9904 | €1,894 | -€157 | -€2,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,894 | -€157 | -€2,051 |
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.