P-Pulse: 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.
P-Pulse
Largest movements
- Financial fixed assets +€37,500
up €37,500 (+300%), from €12,500 to €50,000
- Receivables within one year +€34,899
new in 2025: €34,899
- Cash +€27,720
up €27,720 (+124%), from €22,307 to €50,028
mainly Net result for the year (+€73,853) and Tax, wage and social debts (+€32,852)
- Tangible fixed assets +€1,869
up €1,869 (+41.4%), from €4,516 to €6,385
- Reserves +€73,853
up €73,853 (+520%), from €14,192 to €88,045
- Tax, wage and social debts +€32,852
up €32,852 (+241%), from €13,629 to €46,481
of which Taxes: +€34,102
- Other debts -€2,500
down €2,500 (-100%), from €2,500 to €0
- Gross operating margin +€83,325
up €83,325 (+403%), from €20,687 to €104,011
- Taxes +€21,189
up €21,189 (+401%), from €5,278 to €26,467
- Depreciation +€2,095
up €2,095 (+4,187%), from €50 to €2,145
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 | €39,324 | €141,311 | +€101,988 | +259% |
| Fixed assets | 21/28 | €17,016 | €56,385 | +€39,369 | +231% |
| Tangible fixed assets | 22/27 | €4,516 | €6,385 | +€1,869 | +41.4% |
| Furniture and vehicles | 24 | €4,516 | €6,385 | +€1,869 | +41.4% |
| Financial fixed assets | 28 | €12,500 | €50,000 | +€37,500 | +300% |
| Current assets | 29/58 | €22,307 | €84,926 | +€62,619 | +281% |
| Amounts receivable within one year | 40/41 | - | €34,899 | +€34,899 | |
| Other amounts receivable | 41 | - | €34,899 | +€34,899 | |
| Cash at bank and in hand | 54/58 | €22,307 | €50,028 | +€27,720 | +124% |
| Total equity and liabilities | 10/49 | €39,324 | €141,311 | +€101,988 | +259% |
| Equity | 10/15 | €16,192 | €90,045 | +€73,853 | +456% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,192 | €88,045 | +€73,853 | +520% |
| Distributable reserves | 133 | €14,192 | €88,045 | +€73,853 | +520% |
| Amounts payable | 17/49 | €23,132 | €51,266 | +€28,134 | +122% |
| Amounts payable within one year | 42/48 | €22,022 | €51,266 | +€29,244 | +133% |
| Financial debts | 43 | - | €93 | +€93 | |
| Credit institutions | 430/8 | - | €93 | +€93 | |
| Trade debts | 44 | €5,892 | €4,692 | -€1,200 | -20.4% |
| Suppliers | 440/4 | €5,892 | €4,692 | -€1,200 | -20.4% |
| Taxes, remuneration and social security | 45 | €13,629 | €46,481 | +€32,852 | +241% |
| Taxes | 450/3 | €12,379 | €46,481 | +€34,102 | +275% |
| Remuneration and social security | 454/9 | €1,250 | €0 | -€1,250 | -100% |
| Other amounts payable | 47/48 | €2,500 | €0 | -€2,500 | -100% |
| Accrued charges and deferred income | 492/3 | €1,110 | €0 | -€1,110 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50 | €2,145 | +€2,095 | +4,187% |
| Other operating charges | 640/8 | €1,121 | €1,471 | +€349 | +31.2% |
| Gross operating margin | 9900 | €20,687 | €104,011 | +€83,325 | +403% |
| Operating profit (loss) | 9901 | €19,515 | €100,396 | +€80,880 | +414% |
| Financial charges | 65/66B | €45 | €76 | +€30 | +67.1% |
| Recurring financial charges | 65 | €45 | €76 | +€30 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €19,470 | €100,320 | +€80,850 | +415% |
| Income taxes | 67/77 | €5,278 | €26,467 | +€21,189 | +401% |
| Profit (loss) for the period | 9904 | €14,192 | €73,853 | +€59,662 | +420% |
| Profit (loss) for the period to be appropriated | 9905 | €14,192 | €73,853 | +€59,662 | +420% |
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 21 October 2026 via checked.be.