PULEO.BE: 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.
PULEO.BE
Largest movements
- Receivables within one year -€14,461
down €14,461 (-59.7%), from €24,226 to €9,765
of which Trade receivables: -€14,843
- Stocks and contracts -€7,881
down €7,881 (-51.0%), from €15,460 to €7,578
- Intangible fixed assets -€2,500
down €2,500 (-60.6%), from €4,126 to €1,626
- Deferred charges and accrued income -€737
no longer reported in 2025 (was €737)
- Debts after one year -€9,210
down €9,210 (-66.2%), from €13,923 to €4,712
- Trade debts -€8,717
down €8,717 (-95.6%), from €9,115 to €398
- Tax, wage and social debts -€5,228
down €5,228 (-42.4%), from €12,335 to €7,106
- Profit (loss) carried forward -€1,549
down €1,549 (-7.1%), from -€21,790 to -€23,339
- Short-term financial debts -€1,076
down €1,076 (-4.8%), from €22,636 to €21,560
- Gross operating margin -€26,956
down €26,956 (-77.3%), from €34,856 to €7,900
- Staff costs -€5,260
no longer reported in 2025 (was €5,260)
- Taxes +€4,914
no longer reported in 2025 (was -€4,914)
- Other operating charges +€2,495
up €2,495 (+261.4%), from €955 to €3,450
- Depreciation -€1,997
down €1,997 (-43.3%), from €4,611 to €2,614
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 | €62,293 | €36,676 | -€25,616 | -41.1% |
| Fixed assets | 21/28 | €4,240 | €1,626 | -€2,614 | -61.7% |
| Intangible fixed assets | 21 | €4,126 | €1,626 | -€2,500 | -60.6% |
| Tangible fixed assets | 22/27 | €114 | - | -€114 | |
| Furniture and vehicles | 24 | €114 | - | -€114 | |
| Current assets | 29/58 | €58,053 | €35,050 | -€23,002 | -39.6% |
| Stocks and contracts in progress | 3 | €15,460 | €7,578 | -€7,881 | -51.0% |
| Stocks | 30/36 | €15,460 | €7,578 | -€7,881 | -51.0% |
| Amounts receivable within one year | 40/41 | €24,226 | €9,765 | -€14,461 | -59.7% |
| Trade receivables | 40 | €23,705 | €8,862 | -€14,843 | -62.6% |
| Other amounts receivable | 41 | €521 | €903 | +€383 | +73.5% |
| Cash at bank and in hand | 54/58 | €17,631 | €17,707 | +€76 | +0.4% |
| Deferred charges and accrued income | 490/1 | €737 | - | -€737 | |
| Total equity and liabilities | 10/49 | €62,293 | €36,676 | -€25,616 | -41.1% |
| Equity | 10/15 | -€14,905 | -€16,455 | -€1,549 | -10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €685 | €685 | = | 0.0% |
| Non-distributable reserves | 130/1 | €685 | €685 | = | 0.0% |
| Reserves not available under the articles | 1311 | €685 | €685 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,790 | -€23,339 | -€1,549 | -7.1% |
| Amounts payable | 17/49 | €77,198 | €53,131 | -€24,067 | -31.2% |
| Amounts payable after more than one year | 17 | €13,923 | €4,712 | -€9,210 | -66.2% |
| Financial debts | 170/4 | €13,923 | €4,712 | -€9,210 | -66.2% |
| Amounts payable within one year | 42/48 | €63,204 | €48,419 | -€14,785 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €9,664 | €9,965 | +€301 | +3.1% |
| Financial debts | 43 | €22,636 | €21,560 | -€1,076 | -4.8% |
| Credit institutions | 430/8 | €22,636 | €21,560 | -€1,076 | -4.8% |
| Trade debts | 44 | €9,115 | €398 | -€8,717 | -95.6% |
| Suppliers | 440/4 | €9,115 | €398 | -€8,717 | -95.6% |
| Taxes, remuneration and social security | 45 | €12,335 | €7,106 | -€5,228 | -42.4% |
| Taxes | 450/3 | €12,335 | €7,106 | -€5,228 | -42.4% |
| Other amounts payable | 47/48 | €9,453 | €9,388 | -€65 | -0.7% |
| Accrued charges and deferred income | 492/3 | €71 | - | -€71 | |
| Remuneration, social security and pensions | 62 | €5,260 | - | -€5,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,611 | €2,614 | -€1,997 | -43.3% |
| Other operating charges | 640/8 | €955 | €3,450 | +€2,495 | +261.4% |
| Non-recurring operating charges | 66A | €19 | - | -€19 | |
| Gross operating margin | 9900 | €34,856 | €7,900 | -€26,956 | -77.3% |
| Operating profit (loss) | 9901 | €24,012 | €1,837 | -€22,175 | -92.4% |
| Financial income | 75/76B | €74 | €0 | -€74 | -99.9% |
| Recurring financial income | 75 | €74 | €0 | -€74 | -99.9% |
| Financial charges | 65/66B | €3,824 | €3,386 | -€438 | -11.5% |
| Recurring financial charges | 65 | €3,824 | €3,386 | -€438 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €20,262 | -€1,549 | -€21,812 | |
| Income taxes | 67/77 | -€4,914 | - | +€4,914 | |
| Profit (loss) for the period | 9904 | €25,176 | -€1,549 | -€26,725 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,176 | -€1,549 | -€26,725 |
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 9 October 2026 via checked.be.