Menuiserie Bultot: 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.
Menuiserie Bultot
Largest movements
- Cash +€22,700
up €22,700 (+259%), from €8,751 to €31,451
- Tangible fixed assets -€11,156
down €11,156 (-30.3%), from €36,767 to €25,611
- Receivables within one year +€10,802
up €10,802 (+63.2%), from €17,099 to €27,901
of which Trade receivables: +€10,802
- Stocks and contracts +€9,807
up €9,807 (+30.9%), from €31,776 to €41,582
- Trade debts +€21,419
up €21,419 (+202%), from €10,624 to €32,043
- Tax, wage and social debts +€16,199
up €16,199 (+273%), from €5,943 to €22,142
- Debts after one year -€15,104
down €15,104 (-59.5%), from €25,375 to €10,271
- Profit (loss) carried forward +€5,317
up €5,317 (+221%), from €2,411 to €7,728
- Advances received +€4,393
up €4,393 (+439%), from €1,000 to €5,393
- Gross operating margin -€20,778
down €20,778 (-83.3%), from €24,947 to €4,169
- Depreciation -€3,602
down €3,602 (-46.1%), from €7,811 to €4,209
- Financial charges +€1,388
up €1,388 (+20.7%), from €6,701 to €8,089
- Other operating charges +€825
up €825 (+184%), from €450 to €1,275
- Financial income -€548
down €548 (-96.6%), from €568 to €19
of which Non-recurring financial income: -€519
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,498 | €126,544 | +€32,047 | +33.9% |
| Fixed assets | 21/28 | €36,767 | €25,611 | -€11,156 | -30.3% |
| Tangible fixed assets | 22/27 | €36,767 | €25,611 | -€11,156 | -30.3% |
| Land and buildings | 22 | €25,067 | €19,598 | -€5,469 | -21.8% |
| Plant, machinery and equipment | 23 | €9,108 | €6,013 | -€3,095 | -34.0% |
| Leasing and similar rights | 25 | €2,592 | - | -€2,592 | |
| Current assets | 29/58 | €57,731 | €100,934 | +€43,203 | +74.8% |
| Stocks and contracts in progress | 3 | €31,776 | €41,582 | +€9,807 | +30.9% |
| Stocks | 30/36 | €31,776 | €41,582 | +€9,807 | +30.9% |
| Amounts receivable within one year | 40/41 | €17,099 | €27,901 | +€10,802 | +63.2% |
| Trade receivables | 40 | €16,976 | €27,777 | +€10,802 | +63.6% |
| Other amounts receivable | 41 | €123 | €123 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,751 | €31,451 | +€22,700 | +259% |
| Deferred charges and accrued income | 490/1 | €105 | - | -€105 | |
| Total equity and liabilities | 10/49 | €94,498 | €126,544 | +€32,047 | +33.9% |
| Equity | 10/15 | €9,305 | €14,622 | +€5,317 | +57.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €695 | €695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €695 | - | -€695 | |
| Reserves not available under the articles | 1311 | €695 | - | -€695 | |
| Distributable reserves | 133 | - | €695 | +€695 | |
| Profit (loss) carried forward | 14 | €2,411 | €7,728 | +€5,317 | +221% |
| Amounts payable | 17/49 | €85,193 | €111,922 | +€26,729 | +31.4% |
| Amounts payable after more than one year | 17 | €25,375 | €10,271 | -€15,104 | -59.5% |
| Financial debts | 170/4 | €25,375 | €10,271 | -€15,104 | -59.5% |
| Amounts payable within one year | 42/48 | €58,711 | €99,257 | +€40,546 | +69.1% |
| Current portion of amounts payable after more than one year | 42 | €10,228 | €6,959 | -€3,269 | -32.0% |
| Financial debts | 43 | €20,375 | €17,937 | -€2,439 | -12.0% |
| Credit institutions | 430/8 | €20,375 | €17,937 | -€2,439 | -12.0% |
| Trade debts | 44 | €10,624 | €32,043 | +€21,419 | +202% |
| Suppliers | 440/4 | €10,624 | €32,043 | +€21,419 | +202% |
| Advances received on contracts in progress | 46 | €1,000 | €5,393 | +€4,393 | +439% |
| Taxes, remuneration and social security | 45 | €5,943 | €22,142 | +€16,199 | +273% |
| Taxes | 450/3 | €5,943 | €22,142 | +€16,199 | +273% |
| Other amounts payable | 47/48 | €10,540 | €14,782 | +€4,242 | +40.2% |
| Accrued charges and deferred income | 492/3 | €1,107 | €2,394 | +€1,288 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,811 | €4,209 | -€3,602 | -46.1% |
| Other operating charges | 640/8 | €450 | €1,275 | +€825 | +184% |
| Gross operating margin | 9900 | €24,947 | €4,169 | -€20,778 | -83.3% |
| Operating profit (loss) | 9901 | €16,686 | -€1,316 | -€18,002 | |
| Financial income | 75/76B | €568 | €19 | -€548 | -96.6% |
| Recurring financial income | 75 | €48 | €19 | -€29 | -59.8% |
| Non-recurring financial income | 76B | €519 | - | -€519 | |
| Financial charges | 65/66B | €6,701 | €8,089 | +€1,388 | +20.7% |
| Recurring financial charges | 65 | €6,701 | €8,089 | +€1,388 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €10,553 | -€9,385 | -€19,938 | |
| Profit (loss) for the period | 9904 | €10,553 | -€9,385 | -€19,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,553 | -€9,385 | -€19,938 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.