PULL MARINE: 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.
PULL MARINE
Largest movements
- Tangible fixed assets -€2,034
down €2,034 (-32.6%), from €6,236 to €4,201
of which Plant, machinery and equipment: -€1,801
- Cash -€1,434
down €1,434 (-87.6%), from €1,636 to €202
mainly Trade debts (-€11,837) and Net result for the year (-€9,443)
- Other debts +€18,510
up €18,510 (+80.5%), from €22,991 to €41,501
- Trade debts -€11,837
down €11,837 (-46.8%), from €25,288 to €13,452
- Profit (loss) carried forward -€9,443
down €9,443 (-15.9%), from -€59,495 to -€68,939
- Short-term financial debts -€786
down €786 (-15.9%), from €4,955 to €4,169
- Tax, wage and social debts +€488
up €488 (+47.5%), from €1,026 to €1,514
- Gross operating margin -€4,623
down €4,623 (-443.5%), from -€1,042 to -€5,665
- Other operating charges -€368
down €368 (-35.4%), from €1,040 to €672
- Depreciation -€186
down €186 (-8.4%), from €2,220 to €2,034
- Financial charges -€148
down €148 (-12.2%), from €1,220 to €1,072
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 | €14,806 | €11,288 | -€3,518 | -23.8% |
| Fixed assets | 21/28 | €7,636 | €5,601 | -€2,034 | -26.6% |
| Tangible fixed assets | 22/27 | €6,236 | €4,201 | -€2,034 | -32.6% |
| Plant, machinery and equipment | 23 | €6,002 | €4,201 | -€1,801 | -30.0% |
| Furniture and vehicles | 24 | €234 | €0 | -€234 | -100.0% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €7,171 | €5,687 | -€1,484 | -20.7% |
| Amounts receivable within one year | 40/41 | €4,800 | €4,839 | +€38 | +0.8% |
| Trade receivables | 40 | €4,746 | €4,839 | +€92 | +1.9% |
| Other amounts receivable | 41 | €54 | €0 | -€54 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,636 | €202 | -€1,434 | -87.6% |
| Deferred charges and accrued income | 490/1 | €734 | €646 | -€88 | -12.0% |
| Total equity and liabilities | 10/49 | €14,806 | €11,288 | -€3,518 | -23.8% |
| Equity | 10/15 | -€40,895 | -€50,339 | -€9,443 | -23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,495 | -€68,939 | -€9,443 | -15.9% |
| Amounts payable | 17/49 | €55,702 | €61,627 | +€5,925 | +10.6% |
| Amounts payable within one year | 42/48 | €54,261 | €60,635 | +€6,375 | +11.7% |
| Financial debts | 43 | €4,955 | €4,169 | -€786 | -15.9% |
| Credit institutions | 430/8 | €4,955 | €4,169 | -€786 | -15.9% |
| Trade debts | 44 | €25,288 | €13,452 | -€11,837 | -46.8% |
| Suppliers | 440/4 | €25,288 | €13,452 | -€11,837 | -46.8% |
| Taxes, remuneration and social security | 45 | €1,026 | €1,514 | +€488 | +47.5% |
| Taxes | 450/3 | €1,026 | €1,514 | +€488 | +47.5% |
| Other amounts payable | 47/48 | €22,991 | €41,501 | +€18,510 | +80.5% |
| Accrued charges and deferred income | 492/3 | €1,441 | €991 | -€450 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,220 | €2,034 | -€186 | -8.4% |
| Other operating charges | 640/8 | €1,040 | €672 | -€368 | -35.4% |
| Gross operating margin | 9900 | -€1,042 | -€5,665 | -€4,623 | -443.5% |
| Operating profit (loss) | 9901 | -€4,303 | -€8,372 | -€4,069 | -94.6% |
| Financial charges | 65/66B | €1,220 | €1,072 | -€148 | -12.2% |
| Recurring financial charges | 65 | €1,220 | €1,072 | -€148 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,523 | -€9,443 | -€3,920 | -71.0% |
| Profit (loss) for the period | 9904 | -€5,523 | -€9,443 | -€3,920 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,523 | -€9,443 | -€3,920 | -71.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.