IT PULSE: 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.
IT PULSE
Largest movements
- Cash +€42,083
up €42,083 (+58.6%), from €71,788 to €113,871
mainly Depreciation (+€27,360) and Net result for the year (+€20,914)
- Tangible fixed assets -€19,714
down €19,714 (-13.9%), from €142,220 to €122,507
of which Land and buildings: -€22,886
- Receivables within one year +€3,720
up €3,720 (+8.4%), from €44,395 to €48,115
of which Trade receivables: +€5,961
- Deferred charges and accrued income +€3,544
up €3,544 (+115.8%), from €3,060 to €6,604
- Reserves +€133,821
up €133,821 (+132.7%), from €100,825 to €234,646
- Profit (loss) carried forward -€114,049
down €114,049 (-100.0%), from €114,049 to €0
- Trade debts +€12,034
up €12,034 (+203.2%), from €5,922 to €17,955
- Gross operating margin -€17,058
down €17,058 (-21.5%), from €79,241 to €62,183
- Taxes -€2,414
down €2,414 (-18.2%), from €13,229 to €10,816
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 | €281,463 | €311,096 | +€29,634 | +10.5% |
| Fixed assets | 21/28 | €142,220 | €122,507 | -€19,714 | -13.9% |
| Tangible fixed assets | 22/27 | €142,220 | €122,507 | -€19,714 | -13.9% |
| Land and buildings | 22 | €134,990 | €112,104 | -€22,886 | -17.0% |
| Plant, machinery and equipment | 23 | €1,761 | €1,209 | -€552 | -31.3% |
| Furniture and vehicles | 24 | €5,469 | €9,194 | +€3,724 | +68.1% |
| Current assets | 29/58 | €139,243 | €188,590 | +€49,347 | +35.4% |
| Amounts receivable within one year | 40/41 | €44,395 | €48,115 | +€3,720 | +8.4% |
| Trade receivables | 40 | €41,167 | €47,128 | +€5,961 | +14.5% |
| Other amounts receivable | 41 | €3,227 | €986 | -€2,241 | -69.4% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,788 | €113,871 | +€42,083 | +58.6% |
| Deferred charges and accrued income | 490/1 | €3,060 | €6,604 | +€3,544 | +115.8% |
| Total equity and liabilities | 10/49 | €281,463 | €311,096 | +€29,634 | +10.5% |
| Equity | 10/15 | €221,124 | €240,896 | +€19,772 | +8.9% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €100,825 | €234,646 | +€133,821 | +132.7% |
| Distributable reserves | 133 | €100,825 | €234,646 | +€133,821 | +132.7% |
| Profit (loss) carried forward | 14 | €114,049 | €0 | -€114,049 | -100.0% |
| Amounts payable | 17/49 | €60,339 | €70,201 | +€9,862 | +16.3% |
| Amounts payable within one year | 42/48 | €59,539 | €69,401 | +€9,862 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,922 | €17,955 | +€12,034 | +203.2% |
| Suppliers | 440/4 | €5,922 | €17,955 | +€12,034 | +203.2% |
| Taxes, remuneration and social security | 45 | €17,617 | €15,069 | -€2,549 | -14.5% |
| Taxes | 450/3 | €17,617 | €15,069 | -€2,549 | -14.5% |
| Other amounts payable | 47/48 | €36,000 | €36,377 | +€377 | +1.0% |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,937 | €27,360 | +€423 | +1.6% |
| Other operating charges | 640/8 | €1,559 | €1,568 | +€10 | +0.6% |
| Gross operating margin | 9900 | €79,241 | €62,183 | -€17,058 | -21.5% |
| Operating profit (loss) | 9901 | €50,745 | €33,254 | -€17,491 | -34.5% |
| Financial income | 75/76B | €375 | €0 | -€375 | -100.0% |
| Recurring financial income | 75 | €375 | €0 | -€375 | -100.0% |
| Financial charges | 65/66B | €1,005 | €1,525 | +€519 | +51.7% |
| Recurring financial charges | 65 | €1,005 | €1,525 | +€519 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €50,115 | €31,730 | -€18,385 | -36.7% |
| Income taxes | 67/77 | €13,229 | €10,816 | -€2,414 | -18.2% |
| Profit (loss) for the period | 9904 | €36,886 | €20,914 | -€15,971 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,886 | €20,914 | -€15,971 | -43.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.