PULITO: 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.
PULITO
Largest movements
- Receivables within one year +€8,406
up €8,406 (+48.3%), from €17,394 to €25,800
of which Trade receivables: +€7,743
- Tangible fixed assets +€7,721
up €7,721 (+50.2%), from €15,385 to €23,106
of which Plant, machinery and equipment: +€5,493
- Cash +€5,249
up €5,249 (+278.8%), from €1,883 to €7,132
mainly Trade debts (+€30,442) and Other debts (+€23,939)
- Profit (loss) carried forward -€45,571
down €45,571 (-980.2%), from -€4,649 to -€50,220
- Trade debts +€30,442
up €30,442 (+157.6%), from €19,311 to €49,753
- Other debts +€23,939
new in 2025: €23,939
- Tax, wage and social debts +€15,777
new in 2025: €15,777
of which Remuneration and social security: +€10,940
- Debts after one year -€3,108
down €3,108 (-27.6%), from €11,248 to €8,140
- Staff costs +€63,468
new in 2025: €63,468
- Gross operating margin +€28,251
up €28,251, from -€4,402 to €23,848
- Depreciation +€3,656
up €3,656 (+2044.5%), from €179 to €3,835
- Other operating charges +€1,242
new in 2025: €1,242
- Financial charges +€912
up €912 (+1340.7%), from €68 to €980
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 | €34,662 | €56,038 | +€21,376 | +61.7% |
| Fixed assets | 21/28 | €15,385 | €23,106 | +€7,721 | +50.2% |
| Tangible fixed assets | 22/27 | €15,385 | €23,106 | +€7,721 | +50.2% |
| Plant, machinery and equipment | 23 | €12,222 | €17,715 | +€5,493 | +44.9% |
| Furniture and vehicles | 24 | - | €229 | +€229 | |
| Other tangible fixed assets | 26 | €3,163 | €5,162 | +€1,999 | +63.2% |
| Current assets | 29/58 | €19,277 | €32,932 | +€13,655 | +70.8% |
| Amounts receivable within one year | 40/41 | €17,394 | €25,800 | +€8,406 | +48.3% |
| Trade receivables | 40 | €16,290 | €24,033 | +€7,743 | +47.5% |
| Other amounts receivable | 41 | €1,104 | €1,767 | +€664 | +60.1% |
| Cash at bank and in hand | 54/58 | €1,883 | €7,132 | +€5,249 | +278.8% |
| Total equity and liabilities | 10/49 | €34,662 | €56,038 | +€21,376 | +61.7% |
| Equity | 10/15 | €351 | -€45,220 | -€45,571 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,649 | -€50,220 | -€45,571 | -980.2% |
| Amounts payable | 17/49 | €34,311 | €101,258 | +€66,948 | +195.1% |
| Amounts payable after more than one year | 17 | €11,248 | €8,140 | -€3,108 | -27.6% |
| Financial debts | 170/4 | €11,248 | €8,140 | -€3,108 | -27.6% |
| Amounts payable within one year | 42/48 | €23,063 | €93,118 | +€70,056 | +303.8% |
| Current portion of amounts payable after more than one year | 42 | €3,752 | €3,650 | -€103 | -2.7% |
| Trade debts | 44 | €19,311 | €49,753 | +€30,442 | +157.6% |
| Suppliers | 440/4 | €19,311 | €49,753 | +€30,442 | +157.6% |
| Taxes, remuneration and social security | 45 | - | €15,777 | +€15,777 | |
| Taxes | 450/3 | - | €4,837 | +€4,837 | |
| Remuneration and social security | 454/9 | - | €10,940 | +€10,940 | |
| Other amounts payable | 47/48 | - | €23,939 | +€23,939 | |
| Remuneration, social security and pensions | 62 | - | €63,468 | +€63,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179 | €3,835 | +€3,656 | +2044.5% |
| Other operating charges | 640/8 | - | €1,242 | +€1,242 | |
| Gross operating margin | 9900 | -€4,402 | €23,848 | +€28,251 | |
| Operating profit (loss) | 9901 | -€4,581 | -€44,696 | -€40,115 | -875.7% |
| Financial income | 75/76B | - | €104 | +€104 | |
| Recurring financial income | 75 | - | €104 | +€104 | |
| Financial charges | 65/66B | €68 | €980 | +€912 | +1340.7% |
| Recurring financial charges | 65 | €68 | €980 | +€912 | +1340.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,649 | -€45,571 | -€40,922 | -880.2% |
| Profit (loss) for the period | 9904 | -€4,649 | -€45,571 | -€40,922 | -880.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,649 | -€45,571 | -€40,922 | -880.2% |
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 2 October 2026 via checked.be.