VLEESWAREN BULCKE: 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.
VLEESWAREN BULCKE
Largest movements
- Cash +€51,735
up €51,735 (+54.8%), from €94,365 to €146,100
mainly Net result for the year (+€78,339) and Trade debts (+€14,307)
- Receivables within one year +€36,490
up €36,490 (+28.2%), from €129,190 to €165,680
of which Trade receivables: +€24,373
- Profit (loss) carried forward +€78,339
up €78,339, from €0 to €78,339
- Trade debts +€14,307
up €14,307 (+23.2%), from €61,603 to €75,910
- Tax, wage and social debts -€9,167
down €9,167 (-25.7%), from €35,652 to €26,484
of which Taxes: -€6,863
- Gross operating margin -€15,339
down €15,339 (-7.8%), from €196,607 to €181,268
- Staff costs -€10,448
down €10,448 (-15.9%), from €65,890 to €55,442
- Taxes -€7,784
down €7,784 (-20.2%), from €38,577 to €30,793
- Write-downs +€3,500
up €3,500, from €0 to €3,500
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 | €479,719 | €557,736 | +€78,016 | +16.3% |
| Fixed assets | 21/28 | €34,429 | €30,020 | -€4,409 | -12.8% |
| Tangible fixed assets | 22/27 | €34,429 | €30,020 | -€4,409 | -12.8% |
| Land and buildings | 22 | €186 | €124 | -€62 | -33.3% |
| Plant, machinery and equipment | 23 | €9,041 | €14,340 | +€5,300 | +58.6% |
| Furniture and vehicles | 24 | €25,202 | €15,556 | -€9,647 | -38.3% |
| Current assets | 29/58 | €445,290 | €527,715 | +€82,425 | +18.5% |
| Stocks and contracts in progress | 3 | €37,208 | €32,028 | -€5,180 | -13.9% |
| Stocks | 30/36 | €37,208 | €32,028 | -€5,180 | -13.9% |
| Amounts receivable within one year | 40/41 | €129,190 | €165,680 | +€36,490 | +28.2% |
| Trade receivables | 40 | €128,653 | €153,026 | +€24,373 | +18.9% |
| Other amounts receivable | 41 | €537 | €12,654 | +€12,117 | +2,257% |
| Current investments | 50/53 | €180,000 | €180,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €94,365 | €146,100 | +€51,735 | +54.8% |
| Deferred charges and accrued income | 490/1 | €4,527 | €3,908 | -€620 | -13.7% |
| Total equity and liabilities | 10/49 | €479,719 | €557,736 | +€78,016 | +16.3% |
| Equity | 10/15 | €378,502 | €451,841 | +€73,339 | +19.4% |
| Contributions | 10/11 | €5,000 | €0 | -€5,000 | -100% |
| Reserves | 13 | €373,502 | €373,502 | = | 0.0% |
| Distributable reserves | 133 | €373,502 | €373,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €78,339 | +€78,339 | |
| Amounts payable | 17/49 | €101,217 | €105,895 | +€4,678 | +4.6% |
| Amounts payable within one year | 42/48 | €101,217 | €105,895 | +€4,678 | +4.6% |
| Trade debts | 44 | €61,603 | €75,910 | +€14,307 | +23.2% |
| Suppliers | 440/4 | €61,603 | €75,910 | +€14,307 | +23.2% |
| Taxes, remuneration and social security | 45 | €35,652 | €26,484 | -€9,167 | -25.7% |
| Taxes | 450/3 | €21,333 | €14,470 | -€6,863 | -32.2% |
| Remuneration and social security | 454/9 | €14,319 | €12,015 | -€2,304 | -16.1% |
| Other amounts payable | 47/48 | €3,963 | €3,500 | -€463 | -11.7% |
| Remuneration, social security and pensions | 62 | €65,890 | €55,442 | -€10,448 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,299 | €12,335 | -€964 | -7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €3,500 | +€3,500 | |
| Other operating charges | 640/8 | €3,977 | €2,922 | -€1,055 | -26.5% |
| Gross operating margin | 9900 | €196,607 | €181,268 | -€15,339 | -7.8% |
| Operating profit (loss) | 9901 | €113,441 | €107,070 | -€6,371 | -5.6% |
| Financial income | 75/76B | €3,329 | €2,350 | -€979 | -29.4% |
| Recurring financial income | 75 | €3,329 | €2,350 | -€979 | -29.4% |
| Financial charges | 65/66B | €520 | €288 | -€232 | -44.6% |
| Recurring financial charges | 65 | €520 | €288 | -€232 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €116,250 | €109,132 | -€7,118 | -6.1% |
| Income taxes | 67/77 | €38,577 | €30,793 | -€7,784 | -20.2% |
| Profit (loss) for the period | 9904 | €77,673 | €78,339 | +€666 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,673 | €78,339 | +€666 | +0.9% |
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 22 October 2026 via checked.be.