Pulpo: 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.
Pulpo
Largest movements
- Cash +€29,906
up €29,906 (+266.9%), from €11,204 to €41,110
mainly Net result for the year (+€44,200) and Depreciation (+€33,163)
- Tangible fixed assets -€14,470
down €14,470 (-1.5%), from €979,564 to €965,094
of which Other tangible fixed assets: -€16,160
- Receivables within one year +€10,537
up €10,537 (+72.6%), from €14,520 to €25,057
of which Trade receivables: +€10,537
- Profit (loss) carried forward +€44,200
up €44,200 (+39.4%), from -€112,136 to -€67,937
- Debts after one year -€31,798
down €31,798 (-3.4%), from €923,341 to €891,542
- Trade debts +€11,381
up €11,381 (+142.5%), from €7,985 to €19,365
- Gross operating margin +€22,264
up €22,264 (+26.1%), from €85,236 to €107,500
- Depreciation +€2,879
up €2,879 (+9.5%), from €30,284 to €33,163
- Financial charges -€2,216
down €2,216 (-7.6%), from €29,274 to €27,058
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 | €1,006,327 | €1,032,402 | +€26,075 | +2.6% |
| Fixed assets | 21/28 | €979,564 | €965,094 | -€14,470 | -1.5% |
| Tangible fixed assets | 22/27 | €979,564 | €965,094 | -€14,470 | -1.5% |
| Land and buildings | 22 | €1,876 | €3,729 | +€1,853 | +98.8% |
| Plant, machinery and equipment | 23 | - | €2,683 | +€2,683 | |
| Furniture and vehicles | 24 | €23,556 | €20,711 | -€2,846 | -12.1% |
| Other tangible fixed assets | 26 | €954,132 | €937,972 | -€16,160 | -1.7% |
| Current assets | 29/58 | €26,763 | €67,308 | +€40,545 | +151.5% |
| Amounts receivable within one year | 40/41 | €14,520 | €25,057 | +€10,537 | +72.6% |
| Trade receivables | 40 | €14,520 | €25,057 | +€10,537 | +72.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,204 | €41,110 | +€29,906 | +266.9% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,141 | +€102 | +9.9% |
| Total equity and liabilities | 10/49 | €1,006,327 | €1,032,402 | +€26,075 | +2.6% |
| Equity | 10/15 | -€112,016 | -€67,817 | +€44,200 | +39.5% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,136 | -€67,937 | +€44,200 | +39.4% |
| Amounts payable | 17/49 | €1,118,344 | €1,100,219 | -€18,124 | -1.6% |
| Amounts payable after more than one year | 17 | €923,341 | €891,542 | -€31,798 | -3.4% |
| Financial debts | 170/4 | €923,341 | €891,542 | -€31,798 | -3.4% |
| Amounts payable within one year | 42/48 | €193,733 | €208,677 | +€14,944 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €30,909 | €31,798 | +€889 | +2.9% |
| Trade debts | 44 | €7,985 | €19,365 | +€11,381 | +142.5% |
| Suppliers | 440/4 | €7,985 | €19,365 | +€11,381 | +142.5% |
| Taxes, remuneration and social security | 45 | €117 | €1,436 | +€1,319 | +1129.0% |
| Taxes | 450/3 | €117 | €1,436 | +€1,319 | +1129.0% |
| Other amounts payable | 47/48 | €154,721 | €156,077 | +€1,356 | +0.9% |
| Accrued charges and deferred income | 492/3 | €1,270 | €0 | -€1,270 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,284 | €33,163 | +€2,879 | +9.5% |
| Other operating charges | 640/8 | €2,703 | €2,939 | +€236 | +8.7% |
| Gross operating margin | 9900 | €85,236 | €107,500 | +€22,264 | +26.1% |
| Operating profit (loss) | 9901 | €52,249 | €71,398 | +€19,150 | +36.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €29,274 | €27,058 | -€2,216 | -7.6% |
| Recurring financial charges | 65 | €29,274 | €27,058 | -€2,216 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €22,975 | €44,340 | +€21,366 | +93.0% |
| Income taxes | 67/77 | €117 | €141 | +€24 | +20.6% |
| Profit (loss) for the period | 9904 | €22,858 | €44,200 | +€21,342 | +93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,858 | €44,200 | +€21,342 | +93.4% |
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 9 October 2026 via checked.be.