HOLDING BULAZAR: 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.
HOLDING BULAZAR
Largest movements
- Cash -€32,497
no longer reported in 2024 (was €32,497)
mainly Debts after one year (-€43,500) and Net result for the year (-€41,959)
- Tangible fixed assets -€24,630
no longer reported in 2024 (was €24,630)
- Stocks and contracts -€10,406
no longer reported in 2024 (was €10,406)
- Intangible fixed assets -€1,228
no longer reported in 2024 (was €1,228)
- Receivables within one year -€1,033
down €1,033 (-78.9%), from €1,309 to €276
of which Trade receivables: -€953
- Debts after one year -€43,500
no longer reported in 2024 (was €43,500)
- Profit (loss) carried forward -€41,959
down €41,959, from €4,521 to -€37,438
- Other debts +€17,966
up €17,966 (+139%), from €12,939 to €30,905
- Trade debts -€2,318
down €2,318 (-89.4%), from €2,595 to €276
- Gross operating margin -€16,089
down €16,089, from €4,920 to -€11,169
- Depreciation -€2,826
no longer reported in 2024 (was €2,826)
- Financial charges +€1,063
up €1,063 (+169%), from €629 to €1,691
- Other operating charges -€820
no longer reported in 2024 (was €820)
- Taxes -€129
no longer reported in 2024 (was €129)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,608 | €276 | -€70,332 | -99.6% |
| Fixed assets | 21/28 | €25,858 | - | -€25,858 | |
| Intangible fixed assets | 21 | €1,228 | - | -€1,228 | |
| Tangible fixed assets | 22/27 | €24,630 | - | -€24,630 | |
| Other tangible fixed assets | 26 | €24,630 | - | -€24,630 | |
| Current assets | 29/58 | €44,750 | €276 | -€44,474 | -99.4% |
| Stocks and contracts in progress | 3 | €10,406 | - | -€10,406 | |
| Stocks | 30/36 | €10,406 | - | -€10,406 | |
| Amounts receivable within one year | 40/41 | €1,309 | €276 | -€1,033 | -78.9% |
| Trade receivables | 40 | €1,229 | €276 | -€953 | -77.5% |
| Other amounts receivable | 41 | €80 | - | -€80 | |
| Cash at bank and in hand | 54/58 | €32,497 | - | -€32,497 | |
| Deferred charges and accrued income | 490/1 | €538 | - | -€538 | |
| Total equity and liabilities | 10/49 | €70,608 | €276 | -€70,332 | -99.6% |
| Equity | 10/15 | €9,521 | -€32,438 | -€41,959 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,521 | -€37,438 | -€41,959 | |
| Amounts payable | 17/49 | €61,087 | €32,714 | -€28,373 | -46.4% |
| Amounts payable after more than one year | 17 | €43,500 | - | -€43,500 | |
| Other amounts payable | 178/9 | €43,500 | - | -€43,500 | |
| Amounts payable within one year | 42/48 | €17,559 | €32,702 | +€15,143 | +86.2% |
| Trade debts | 44 | €2,595 | €276 | -€2,318 | -89.4% |
| Suppliers | 440/4 | €2,595 | €276 | -€2,318 | -89.4% |
| Taxes, remuneration and social security | 45 | €2,026 | €1,521 | -€505 | -24.9% |
| Taxes | 450/3 | €2,026 | €1,521 | -€505 | -24.9% |
| Other amounts payable | 47/48 | €12,939 | €30,905 | +€17,966 | +139% |
| Accrued charges and deferred income | 492/3 | €28 | €12 | -€17 | -58.8% |
| Non-recurring operating income | 76A | - | €3,143 | +€3,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,826 | - | -€2,826 | |
| Other operating charges | 640/8 | €820 | - | -€820 | |
| Non-recurring operating charges | 66A | - | €29,098 | +€29,098 | |
| Gross operating margin | 9900 | €4,920 | -€11,169 | -€16,089 | |
| Operating profit (loss) | 9901 | €1,274 | -€40,267 | -€41,542 | |
| Financial charges | 65/66B | €629 | €1,691 | +€1,063 | +169% |
| Recurring financial charges | 65 | €629 | €1,691 | +€1,063 | +169% |
| Profit (loss) for the period before taxes | 9903 | €646 | -€41,959 | -€42,604 | |
| Income taxes | 67/77 | €129 | - | -€129 | |
| Profit (loss) for the period | 9904 | €516 | -€41,959 | -€42,475 | |
| Profit (loss) for the period to be appropriated | 9905 | €516 | -€41,959 | -€42,475 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.