Pulli Online: 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.
Pulli Online
Largest movements
- Receivables after one year -€210,000
down €210,000 (-100.0%), from €210,000 to €0
- Cash +€80,848
up €80,848 (+992.3%), from €8,148 to €88,996
mainly Receivables after one year (+€210,000) and Depreciation (+€48,373)
- Tangible fixed assets -€27,184
down €27,184 (-9.6%), from €283,557 to €256,372
of which Furniture and vehicles: -€26,427
- Receivables within one year +€14,676
up €14,676 (+62.4%), from €23,531 to €38,207
of which Trade receivables: +€19,470
- Reserves -€79,288
down €79,288 (-21.8%), from €363,975 to €284,687
- Debts after one year -€63,680
down €63,680 (-88.9%), from €71,642 to €7,962
- Tax, wage and social debts +€18,180
up €18,180 (+200.4%), from €9,071 to €27,250
of which Taxes: +€13,202
- Other debts -€8,201
down €8,201 (-28.2%), from €29,059 to €20,858
- Gross operating margin -€62,975
down €62,975 (-29.1%), from €216,344 to €153,369
- Taxes -€27,511
down €27,511 (-72.4%), from €37,996 to €10,485
- Staff costs +€2,498
up €2,498 (+3.7%), from €67,134 to €69,631
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 | €529,115 | €391,494 | -€137,622 | -26.0% |
| Fixed assets | 21/28 | €283,662 | €256,477 | -€27,184 | -9.6% |
| Tangible fixed assets | 22/27 | €283,557 | €256,372 | -€27,184 | -9.6% |
| Plant, machinery and equipment | 23 | €13,128 | €11,408 | -€1,720 | -13.1% |
| Furniture and vehicles | 24 | €88,617 | €62,190 | -€26,427 | -29.8% |
| Other tangible fixed assets | 26 | €181,812 | €182,775 | +€963 | +0.5% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €245,453 | €135,016 | -€110,437 | -45.0% |
| Amounts receivable after more than one year | 29 | €210,000 | €0 | -€210,000 | -100.0% |
| Other amounts receivable | 291 | €210,000 | €0 | -€210,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €23,531 | €38,207 | +€14,676 | +62.4% |
| Trade receivables | 40 | €8,724 | €28,194 | +€19,470 | +223.2% |
| Other amounts receivable | 41 | €14,807 | €10,013 | -€4,794 | -32.4% |
| Cash at bank and in hand | 54/58 | €8,148 | €88,996 | +€80,848 | +992.3% |
| Deferred charges and accrued income | 490/1 | €3,775 | €7,814 | +€4,039 | +107.0% |
| Total equity and liabilities | 10/49 | €529,115 | €391,494 | -€137,622 | -26.0% |
| Equity | 10/15 | €376,475 | €297,187 | -€79,288 | -21.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €363,975 | €284,687 | -€79,288 | -21.8% |
| Distributable reserves | 133 | €363,975 | €284,687 | -€79,288 | -21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €152,640 | €94,306 | -€58,334 | -38.2% |
| Amounts payable after more than one year | 17 | €71,642 | €7,962 | -€63,680 | -88.9% |
| Financial debts | 170/4 | €71,642 | €7,962 | -€63,680 | -88.9% |
| Amounts payable within one year | 42/48 | €80,998 | €86,344 | +€5,347 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €23,377 | €23,680 | +€304 | +1.3% |
| Trade debts | 44 | €19,492 | €14,556 | -€4,936 | -25.3% |
| Suppliers | 440/4 | €19,492 | €14,556 | -€4,936 | -25.3% |
| Taxes, remuneration and social security | 45 | €9,071 | €27,250 | +€18,180 | +200.4% |
| Taxes | 450/3 | €0 | €13,202 | +€13,202 | |
| Remuneration and social security | 454/9 | €9,071 | €14,049 | +€4,978 | +54.9% |
| Other amounts payable | 47/48 | €29,059 | €20,858 | -€8,201 | -28.2% |
| Remuneration, social security and pensions | 62 | €67,134 | €69,631 | +€2,498 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,229 | €48,373 | +€2,144 | +4.6% |
| Other operating charges | 640/8 | €5,522 | €5,723 | +€201 | +3.6% |
| Gross operating margin | 9900 | €216,344 | €153,369 | -€62,975 | -29.1% |
| Operating profit (loss) | 9901 | €97,460 | €29,642 | -€67,818 | -69.6% |
| Financial income | 75/76B | €3,780 | €3,406 | -€374 | -9.9% |
| Recurring financial income | 75 | €3,780 | €3,406 | -€374 | -9.9% |
| Financial charges | 65/66B | €1,061 | €695 | -€366 | -34.5% |
| Recurring financial charges | 65 | €1,061 | €695 | -€366 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €100,179 | €32,353 | -€67,825 | -67.7% |
| Income taxes | 67/77 | €37,996 | €10,485 | -€27,511 | -72.4% |
| Profit (loss) for the period | 9904 | €62,183 | €21,868 | -€40,315 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,183 | €21,868 | -€40,315 | -64.8% |
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 29 September 2026 via checked.be.