PULEO.J: 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.J
Largest movements
- Tangible fixed assets -€12,057
down €12,057 (-68.2%), from €17,682 to €5,626
of which Furniture and vehicles: -€11,065
- Cash +€10,210
up €10,210 (+49.5%), from €20,624 to €30,834
mainly Net result for the year (+€18,598) and Investment in fixed assets (net) (+€10,993)
- Receivables within one year +€2,125
up €2,125 (+11.1%), from €19,134 to €21,258
of which Trade receivables: +€2,125
- Deferred charges and accrued income +€1,415
up €1,415 (+327%), from €433 to €1,848
- Tax, wage and social debts +€4,023
up €4,023 (+107%), from €3,746 to €7,768
of which Taxes: +€3,672
- Other debts -€3,778
down €3,778 (-40.3%), from €9,384 to €5,606
- Trade debts +€1,449
up €1,449 (+194%), from €746 to €2,194
- Depreciation -€5,152
down €5,152 (-82.9%), from €6,215 to €1,064
- Gross operating margin +€3,122
up €3,122 (+12.0%), from €26,116 to €29,238
- Other operating charges -€1,786
down €1,786 (-56.5%), from €3,163 to €1,377
- Taxes +€1,270
up €1,270 (+31.7%), from €4,009 to €5,279
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 | €57,897 | €59,591 | +€1,694 | +2.9% |
| Fixed assets | 21/28 | €17,707 | €5,651 | -€12,057 | -68.1% |
| Tangible fixed assets | 22/27 | €17,682 | €5,626 | -€12,057 | -68.2% |
| Plant, machinery and equipment | 23 | €6,299 | €5,308 | -€992 | -15.7% |
| Furniture and vehicles | 24 | €11,383 | €318 | -€11,065 | -97.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €40,190 | €53,940 | +€13,750 | +34.2% |
| Amounts receivable within one year | 40/41 | €19,134 | €21,258 | +€2,125 | +11.1% |
| Trade receivables | 40 | €17,142 | €19,267 | +€2,125 | +12.4% |
| Other amounts receivable | 41 | €1,991 | €1,991 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,624 | €30,834 | +€10,210 | +49.5% |
| Deferred charges and accrued income | 490/1 | €433 | €1,848 | +€1,415 | +327% |
| Total equity and liabilities | 10/49 | €57,897 | €59,591 | +€1,694 | +2.9% |
| Equity | 10/15 | €44,022 | €44,022 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,422 | €25,422 | = | 0.0% |
| Amounts payable | 17/49 | €13,875 | €15,569 | +€1,694 | +12.2% |
| Amounts payable within one year | 42/48 | €13,875 | €15,569 | +€1,694 | +12.2% |
| Trade debts | 44 | €746 | €2,194 | +€1,449 | +194% |
| Suppliers | 440/4 | €746 | €2,194 | +€1,449 | +194% |
| Taxes, remuneration and social security | 45 | €3,746 | €7,768 | +€4,023 | +107% |
| Taxes | 450/3 | €1,396 | €5,068 | +€3,672 | +263% |
| Remuneration and social security | 454/9 | €2,350 | €2,700 | +€350 | +14.9% |
| Other amounts payable | 47/48 | €9,384 | €5,606 | -€3,778 | -40.3% |
| Non-recurring operating income | 76A | - | €4,617 | +€4,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,215 | €1,064 | -€5,152 | -82.9% |
| Other operating charges | 640/8 | €3,163 | €1,377 | -€1,786 | -56.5% |
| Gross operating margin | 9900 | €26,116 | €29,238 | +€3,122 | +12.0% |
| Operating profit (loss) | 9901 | €16,737 | €26,797 | +€10,059 | +60.1% |
| Financial charges | 65/66B | €3,134 | €2,920 | -€214 | -6.8% |
| Recurring financial charges | 65 | €3,134 | €2,920 | -€214 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €13,603 | €23,877 | +€10,274 | +75.5% |
| Income taxes | 67/77 | €4,009 | €5,279 | +€1,270 | +31.7% |
| Profit (loss) for the period | 9904 | €9,595 | €18,598 | +€9,004 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,595 | €18,598 | +€9,004 | +93.8% |
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 14 October 2026 via checked.be.