Pulip: 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.
Pulip
Largest movements
- Stocks and contracts +€21,960
up €21,960 (+11.4%), from €192,020 to €213,980
- Tangible fixed assets -€12,334
down €12,334 (-3.3%), from €378,712 to €366,378
of which Land and buildings: -€12,334
- Debts after one year -€37,629
down €37,629 (-10.2%), from €369,459 to €331,830
of which Financial debts: -€37,629
- Profit (loss) carried forward +€22,219
up €22,219 (+55.8%), from -€39,803 to -€17,584
- Accrued charges and deferred income +€10,109
up €10,109 (+1684.8%), from €600 to €10,709
- Other debts +€7,863
up €7,863 (+4.1%), from €191,202 to €199,065
- Depreciation -€4,291
down €4,291 (-25.8%), from €16,625 to €12,334
- Financial charges +€2,824
up €2,824 (+33.7%), from €8,374 to €11,197
- Financial income +€1,972
up €1,972 (+29.3%), from €6,738 to €8,711
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 | €605,601 | €613,321 | +€7,721 | +1.3% |
| Fixed assets | 21/28 | €379,862 | €367,528 | -€12,334 | -3.2% |
| Tangible fixed assets | 22/27 | €378,712 | €366,378 | -€12,334 | -3.3% |
| Land and buildings | 22 | €378,712 | €366,378 | -€12,334 | -3.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €225,739 | €245,793 | +€20,054 | +8.9% |
| Stocks and contracts in progress | 3 | €192,020 | €213,980 | +€21,960 | +11.4% |
| Stocks | 30/36 | €192,020 | €213,980 | +€21,960 | +11.4% |
| Amounts receivable within one year | 40/41 | €0 | €6 | +€6 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €33,718 | €28,482 | -€5,236 | -15.5% |
| Deferred charges and accrued income | 490/1 | - | €3,325 | +€3,325 | |
| Total equity and liabilities | 10/49 | €605,601 | €613,321 | +€7,721 | +1.3% |
| Equity | 10/15 | -€19,803 | €2,416 | +€22,219 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,803 | -€17,584 | +€22,219 | +55.8% |
| Amounts payable | 17/49 | €625,403 | €610,905 | -€14,499 | -2.3% |
| Amounts payable after more than one year | 17 | €369,459 | €331,830 | -€37,629 | -10.2% |
| Financial debts | 170/4 | €279,459 | €241,830 | -€37,629 | -13.5% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €255,344 | €268,366 | +€13,021 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €28,295 | €29,088 | +€794 | +2.8% |
| Trade debts | 44 | €21,015 | €26,172 | +€5,156 | +24.5% |
| Suppliers | 440/4 | €21,015 | €26,172 | +€5,156 | +24.5% |
| Taxes, remuneration and social security | 45 | €14,832 | €14,040 | -€792 | -5.3% |
| Taxes | 450/3 | €14,832 | €12,540 | -€2,292 | -15.5% |
| Remuneration and social security | 454/9 | €0 | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €191,202 | €199,065 | +€7,863 | +4.1% |
| Accrued charges and deferred income | 492/3 | €600 | €10,709 | +€10,109 | +1684.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,625 | €12,334 | -€4,291 | -25.8% |
| Other operating charges | 640/8 | €7,786 | €7,950 | +€164 | +2.1% |
| Gross operating margin | 9900 | €45,245 | €44,990 | -€256 | -0.6% |
| Operating profit (loss) | 9901 | €20,835 | €24,706 | +€3,871 | +18.6% |
| Financial income | 75/76B | €6,738 | €8,711 | +€1,972 | +29.3% |
| Recurring financial income | 75 | €6,738 | €8,711 | +€1,972 | +29.3% |
| Financial charges | 65/66B | €8,374 | €11,197 | +€2,824 | +33.7% |
| Recurring financial charges | 65 | €8,374 | €11,197 | +€2,824 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €19,199 | €22,219 | +€3,020 | +15.7% |
| Profit (loss) for the period | 9904 | €19,199 | €22,219 | +€3,020 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,199 | €22,219 | +€3,020 | +15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.