AdminPulse: 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.
AdminPulse
Largest movements
- Cash +€2.1m
up €2.1m (+40.6%), from €5.2m to €7.3m
mainly Net result for the year (+€1.6m) and Receivables within one year (+€324,078)
- Receivables within one year -€324,078
down €324,078 (-33.1%), from €979,696 to €655,618
- Profit (loss) carried forward +€1.6m
up €1.6m (+817%), from €190,863 to €1.8m
- Accrued charges and deferred income +€285,949
up €285,949 (+7.7%), from €3.7m to €4.0m
- Tax, wage and social debts +€99,429
up €99,429 (+29.2%), from €341,072 to €440,501
of which Remuneration and social security: +€55,092
- Gross operating margin +€1.3m
up €1.3m (+38.5%), from €3.4m to €4.6m
- Staff costs +€496,414
up €496,414 (+24.1%), from €2.1m to €2.6m
- Taxes +€465,008
up €465,008 (+509%), from €91,316 to €556,324
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 | €6,277,609 | €8,128,601 | +€1.9m | +29.5% |
| Fixed assets | 21/28 | €27,942 | €25,989 | -€1,952 | -7.0% |
| Tangible fixed assets | 22/27 | €27,942 | €25,989 | -€1,952 | -7.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €27,942 | €25,989 | -€1,952 | -7.0% |
| Current assets | 29/58 | €6,249,667 | €8,102,612 | +€1.9m | +29.6% |
| Amounts receivable within one year | 40/41 | €979,696 | €655,618 | -€324,078 | -33.1% |
| Trade receivables | 40 | €979,696 | €655,618 | -€324,078 | -33.1% |
| Cash at bank and in hand | 54/58 | €5,222,847 | €7,344,316 | +€2.1m | +40.6% |
| Deferred charges and accrued income | 490/1 | €47,125 | €102,678 | +€55,553 | +118% |
| Total equity and liabilities | 10/49 | €6,277,609 | €8,128,601 | +€1.9m | +29.5% |
| Equity | 10/15 | €1,936,935 | €3,496,268 | +€1.6m | +80.5% |
| Contributions | 10/11 | €1,679,872 | €1,679,872 | = | 0.0% |
| Reserves | 13 | €66,200 | €66,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,200 | €51,200 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,863 | €1,750,196 | +€1.6m | +817% |
| Amounts payable | 17/49 | €4,340,674 | €4,632,334 | +€291,659 | +6.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €622,402 | €628,113 | +€5,711 | +0.9% |
| Trade debts | 44 | €260,495 | €187,612 | -€72,883 | -28.0% |
| Suppliers | 440/4 | €260,495 | €187,612 | -€72,883 | -28.0% |
| Taxes, remuneration and social security | 45 | €341,072 | €440,501 | +€99,429 | +29.2% |
| Taxes | 450/3 | €140,245 | €184,582 | +€44,337 | +31.6% |
| Remuneration and social security | 454/9 | €200,827 | €255,919 | +€55,092 | +27.4% |
| Other amounts payable | 47/48 | €20,835 | €0 | -€20,835 | -100% |
| Accrued charges and deferred income | 492/3 | €3,718,272 | €4,004,221 | +€285,949 | +7.7% |
| Non-recurring operating income | 76A | €4,644 | €600 | -€4,044 | -87.1% |
| Remuneration, social security and pensions | 62 | €2,062,322 | €2,558,736 | +€496,414 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,323 | €10,178 | +€1,855 | +22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,900 | €10,286 | +€1,386 | +15.6% |
| Other operating charges | 640/8 | €3,579 | €8,398 | +€4,819 | +135% |
| Non-recurring operating charges | 66A | €225 | €0 | -€225 | -100% |
| Gross operating margin | 9900 | €3,355,644 | €4,649,134 | +€1.3m | +38.5% |
| Operating profit (loss) | 9901 | €1,272,295 | €2,061,536 | +€789,240 | +62.0% |
| Financial income | 75/76B | €62,454 | €77,442 | +€14,988 | +24.0% |
| Recurring financial income | 75 | €62,454 | €77,442 | +€14,988 | +24.0% |
| Financial charges | 65/66B | €18,312 | €23,321 | +€5,009 | +27.4% |
| Recurring financial charges | 65 | €18,312 | €23,321 | +€5,009 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €1,316,437 | €2,115,657 | +€799,219 | +60.7% |
| Income taxes | 67/77 | €91,316 | €556,324 | +€465,008 | +509% |
| Profit (loss) for the period | 9904 | €1,225,121 | €1,559,333 | +€334,212 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,225,121 | €1,559,333 | +€334,212 | +27.3% |
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 13 October 2026 via checked.be.