PULLETONG: 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.
PULLETONG
Largest movements
- Stocks and contracts +€1,548
new in 2025: €1,548
- Cash -€1,066
down €1,066 (-88.1%), from €1,210 to €144
mainly Stocks and contracts (-€1,548) and Receivables within one year (-€176)
- Receivables within one year +€176
up €176 (+7.5%), from €2,341 to €2,517
of which Other amounts receivable: +€800
- Tangible fixed assets -€92
down €92 (-6.1%), from €1,512 to €1,421
- Profit (loss) carried forward +€180
up €180 (+3.0%), from -€6,071 to -€5,890
- Short-term financial debts +€161
new in 2025: €161
- Other debts +€119
up €119 (+39.2%), from €303 to €422
- Tax, wage and social debts +€107
up €107 (+12.8%), from €831 to €937
of which Taxes: +€110
- Gross operating margin -€10,973
down €10,973 (-73.7%), from €14,896 to €3,923
- Staff costs -€4,626
down €4,626 (-71.5%), from €6,474 to €1,847
- Depreciation -€1,014
down €1,014 (-91.7%), from €1,106 to €92
- Other operating charges +€396
up €396 (+76.4%), from €519 to €915
- Taxes -€386
down €386 (-46.6%), from €827 to €441
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 | €5,063 | €5,630 | +€566 | +11.2% |
| Fixed assets | 21/28 | €1,512 | €1,421 | -€92 | -6.1% |
| Tangible fixed assets | 22/27 | €1,512 | €1,421 | -€92 | -6.1% |
| Furniture and vehicles | 24 | €1,512 | €1,421 | -€92 | -6.1% |
| Current assets | 29/58 | €3,551 | €4,209 | +€658 | +18.5% |
| Stocks and contracts in progress | 3 | - | €1,548 | +€1,548 | |
| Stocks | 30/36 | - | €1,548 | +€1,548 | |
| Amounts receivable within one year | 40/41 | €2,341 | €2,517 | +€176 | +7.5% |
| Trade receivables | 40 | €1,689 | €1,065 | -€623 | -36.9% |
| Other amounts receivable | 41 | €652 | €1,452 | +€800 | +122.6% |
| Cash at bank and in hand | 54/58 | €1,210 | €144 | -€1,066 | -88.1% |
| Total equity and liabilities | 10/49 | €5,063 | €5,630 | +€566 | +11.2% |
| Equity | 10/15 | €3,929 | €4,110 | +€180 | +4.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,071 | -€5,890 | +€180 | +3.0% |
| Amounts payable | 17/49 | €1,134 | €1,520 | +€386 | +34.0% |
| Amounts payable within one year | 42/48 | €1,134 | €1,520 | +€386 | +34.0% |
| Financial debts | 43 | - | €161 | +€161 | |
| Credit institutions | 430/8 | - | €161 | +€161 | |
| Taxes, remuneration and social security | 45 | €831 | €937 | +€107 | +12.8% |
| Taxes | 450/3 | €827 | €937 | +€110 | +13.3% |
| Remuneration and social security | 454/9 | €4 | - | -€4 | |
| Other amounts payable | 47/48 | €303 | €422 | +€119 | +39.2% |
| Remuneration, social security and pensions | 62 | €6,474 | €1,847 | -€4,626 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106 | €92 | -€1,014 | -91.7% |
| Other operating charges | 640/8 | €519 | €915 | +€396 | +76.4% |
| Gross operating margin | 9900 | €14,896 | €3,923 | -€10,973 | -73.7% |
| Operating profit (loss) | 9901 | €6,798 | €1,069 | -€5,729 | -84.3% |
| Financial income | 75/76B | €51 | - | -€51 | |
| Recurring financial income | 75 | €51 | - | -€51 | |
| Financial charges | 65/66B | €462 | €447 | -€15 | -3.2% |
| Recurring financial charges | 65 | €462 | €447 | -€15 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €6,386 | €622 | -€5,765 | -90.3% |
| Income taxes | 67/77 | €827 | €441 | -€386 | -46.6% |
| Profit (loss) for the period | 9904 | €5,559 | €180 | -€5,379 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,559 | €180 | -€5,379 | -96.8% |
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 10 October 2026 via checked.be.