BUULSE: what changed
Two fiscal 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.
BUULSE
Largest movements
- Tangible fixed assets -€4,714
down €4,714 (-3.6%), from €131,593 to €126,878
- Trade debts -€3,223
no longer reported in 2025 (was €3,223)
- Financial charges -€355,021
down €355,021 (-99.9%), from €355,277 to €256
of which Non-recurring financial charges: -€355,060
- Financial income -€205,148
no longer reported in 2025 (was €205,148)
of which Financial income: -€205,148
- Gross operating margin +€2,876
up €2,876 (+173.1%), from €1,661 to €4,536
- Other operating charges -€267
down €267 (-24.1%), from €1,109 to €842
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.
Cash bridge derived
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 | €213,917 | €211,196 | -€2,721 | -1.3% |
| Fixed assets | 21/28 | €132,218 | €127,191 | -€5,027 | -3.8% |
| Intangible fixed assets | 21 | €625 | €313 | -€313 | -50.0% |
| Tangible fixed assets | 22/27 | €131,593 | €126,878 | -€4,714 | -3.6% |
| Land and buildings | 22 | €131,593 | €126,878 | -€4,714 | -3.6% |
| Current assets | 29/58 | €81,700 | €84,005 | +€2,306 | +2.8% |
| Amounts receivable within one year | 40/41 | €81,683 | €81,683 | = | 0.0% |
| Other amounts receivable | 41 | €81,683 | €81,683 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17 | €1,822 | +€1,806 | +10876.7% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €213,917 | €211,196 | -€2,721 | -1.3% |
| Equity | 10/15 | €104,198 | €102,609 | -€1,589 | -1.5% |
| Contributions | 10/11 | €198,563 | €198,563 | = | 0.0% |
| Capital | 10 | €198,563 | €198,563 | = | 0.0% |
| Issued capital | 100 | €198,563 | €198,563 | = | 0.0% |
| Reserves | 13 | €19,856 | €19,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,856 | €19,856 | = | 0.0% |
| Legal reserve | 130 | €19,856 | €19,856 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,221 | -€115,810 | -€1,589 | -1.4% |
| Amounts payable | 17/49 | €109,720 | €108,587 | -€1,133 | -1.0% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Financial debts | 170/4 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,720 | €28,587 | -€1,133 | -3.8% |
| Trade debts | 44 | €3,223 | - | -€3,223 | |
| Suppliers | 440/4 | €3,223 | - | -€3,223 | |
| Other amounts payable | 47/48 | €26,496 | €28,587 | +€2,091 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,041 | €5,027 | -€15 | -0.3% |
| Other operating charges | 640/8 | €1,109 | €842 | -€267 | -24.1% |
| Gross operating margin | 9900 | €1,661 | €4,536 | +€2,876 | +173.1% |
| Operating profit (loss) | 9901 | -€4,490 | -€1,333 | +€3,157 | +70.3% |
| Financial income | 75/76B | €205,148 | - | -€205,148 | |
| Recurring financial income | 75 | €205,148 | - | -€205,148 | |
| Non-recurring financial income | 76B | €205,148 | - | -€205,148 | |
| Financial charges | 65/66B | €355,277 | €256 | -€355,021 | -99.9% |
| Recurring financial charges | 65 | €217 | €256 | +€39 | +18.0% |
| Non-recurring financial charges | 66B | €355,060 | - | -€355,060 | |
| Profit (loss) for the period before taxes | 9903 | -€154,619 | -€1,589 | +€153,030 | +99.0% |
| Profit (loss) for the period | 9904 | -€154,619 | -€1,589 | +€153,030 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€154,619 | -€1,589 | +€153,030 | +99.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.