PULP FASHION: what changed
PULP FASHION
Largest movements
- Receivables within one year -€74,059
down €74,059 (-99.9%), from €74,158 to €99
of which Trade receivables: -€69,952
- Tangible fixed assets -€13,353
down €13,353 (-22.8%), from €58,468 to €45,115
of which Other tangible fixed assets: -€9,569
- Other debts -€63,971
down €63,971 (-22.4%), from €286,195 to €222,224
- Trade debts -€50,363
down €50,363 (-39.3%), from €128,205 to €77,842
- Profit (loss) carried forward +€39,495
up €39,495 (+19.1%), from €207,088 to €246,584
- Tax, wage and social debts -€15,861
down €15,861 (-23.5%), from €67,398 to €51,537
of which Taxes: -€19,854
- Gross operating margin +€21,612
up €21,612 (+18.8%), from €115,001 to €136,613
- Financial charges +€7,463
up €7,463 (+360%), from €2,072 to €9,535
- Staff costs -€6,534
down €6,534 (-11.0%), from €59,391 to €52,857
- Taxes -€3,943
down €3,943 (-22.1%), from €17,826 to €13,883
- Other operating charges -€2,377
down €2,377 (-70.4%), from €3,378 to €1,001
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €709,347 | €618,647 | -€90,700 | -12.8% |
| Fixed assets | 21/28 | €67,429 | €54,076 | -€13,353 | -19.8% |
| Tangible fixed assets | 22/27 | €58,468 | €45,115 | -€13,353 | -22.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €32,398 | €28,614 | -€3,784 | -11.7% |
| Other tangible fixed assets | 26 | €26,070 | €16,501 | -€9,569 | -36.7% |
| Financial fixed assets | 28 | €8,961 | €8,961 | = | 0.0% |
| Current assets | 29/58 | €641,918 | €564,571 | -€77,347 | -12.0% |
| Stocks and contracts in progress | 3 | €436,522 | €436,522 | = | 0.0% |
| Stocks | 30/36 | €436,522 | €436,522 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,158 | €99 | -€74,059 | -99.9% |
| Trade receivables | 40 | €69,952 | - | -€69,952 | |
| Other amounts receivable | 41 | €4,207 | €99 | -€4,107 | -97.6% |
| Cash at bank and in hand | 54/58 | €131,238 | €127,950 | -€3,288 | -2.5% |
| Total equity and liabilities | 10/49 | €709,347 | €618,647 | -€90,700 | -12.8% |
| Equity | 10/15 | €227,548 | €267,044 | +€39,495 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,088 | €246,584 | +€39,495 | +19.1% |
| Amounts payable | 17/49 | €481,798 | €351,603 | -€130,195 | -27.0% |
| Amounts payable within one year | 42/48 | €481,798 | €351,603 | -€130,195 | -27.0% |
| Trade debts | 44 | €128,205 | €77,842 | -€50,363 | -39.3% |
| Suppliers | 440/4 | €128,205 | €77,842 | -€50,363 | -39.3% |
| Taxes, remuneration and social security | 45 | €67,398 | €51,537 | -€15,861 | -23.5% |
| Taxes | 450/3 | €61,392 | €41,537 | -€19,854 | -32.3% |
| Remuneration and social security | 454/9 | €6,006 | €9,999 | +€3,993 | +66.5% |
| Other amounts payable | 47/48 | €286,195 | €222,224 | -€63,971 | -22.4% |
| Remuneration, social security and pensions | 62 | €59,391 | €52,857 | -€6,534 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,378 | €19,848 | +€471 | +2.4% |
| Other operating charges | 640/8 | €3,378 | €1,001 | -€2,377 | -70.4% |
| Gross operating margin | 9900 | €115,001 | €136,613 | +€21,612 | +18.8% |
| Operating profit (loss) | 9901 | €32,854 | €62,907 | +€30,052 | +91.5% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €2,072 | €9,535 | +€7,463 | +360% |
| Recurring financial charges | 65 | €2,072 | €9,535 | +€7,463 | +360% |
| Profit (loss) for the period before taxes | 9903 | €30,782 | €53,379 | +€22,597 | +73.4% |
| Income taxes | 67/77 | €17,826 | €13,883 | -€3,943 | -22.1% |
| Profit (loss) for the period | 9904 | €12,956 | €39,495 | +€26,539 | +205% |
| Profit (loss) for the period to be appropriated | 9905 | €12,956 | €39,495 | +€26,539 | +205% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.