PULSAR CONSULTING: 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.
PULSAR CONSULTING
Largest movements
- Cash +€378,703
up €378,703 (+55.8%), from €678,220 to €1.1m
mainly Net result for the year (+€214,015) and Depreciation (+€188,466)
- Receivables within one year -€179,217
down €179,217 (-28.6%), from €626,220 to €447,003
of which Trade receivables: -€202,841
- Intangible fixed assets -€162,123
down €162,123 (-22.6%), from €716,522 to €554,398
- Tangible fixed assets -€25,022
down €25,022 (-34.6%), from €72,214 to €47,192
of which Land and buildings: -€14,077
- Reserves +€237,965
up €237,965 (+26.3%), from €906,467 to €1.1m
of which Distributable reserves: +€237,965
- Investment grants -€110,309
down €110,309 (-23.1%), from €478,006 to €367,697
- Current portion of long-term debt -€98,818
down €98,818 (-72.0%), from €137,207 to €38,389
- Tax, wage and social debts -€55,242
down €55,242 (-25.0%), from €220,977 to €165,734
of which Taxes: -€39,690
- Trade debts +€33,992
up €33,992 (+68.3%), from €49,739 to €83,731
- Other operating charges +€68,019
up €68,019 (+4,888%), from €1,392 to €69,410
- Staff costs -€64,889
down €64,889 (-3.8%), from €1.7m to €1.7m
- Depreciation +€62,864
up €62,864 (+50.1%), from €125,602 to €188,466
- Taxes -€57,542
down €57,542 (-43.2%), from €133,154 to €75,612
- Gross operating margin -€54,373
down €54,373 (-2.5%), from €2.2m to €2.1m
From the 2022 result to the 2023 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.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,096,710 | €2,105,948 | +€9,238 | +0.4% |
| Fixed assets | 21/28 | €788,736 | €601,591 | -€187,145 | -23.7% |
| Intangible fixed assets | 21 | €716,522 | €554,398 | -€162,123 | -22.6% |
| Tangible fixed assets | 22/27 | €72,214 | €47,192 | -€25,022 | -34.6% |
| Land and buildings | 22 | €56,829 | €42,752 | -€14,077 | -24.8% |
| Furniture and vehicles | 24 | €15,385 | €4,441 | -€10,944 | -71.1% |
| Current assets | 29/58 | €1,307,975 | €1,504,357 | +€196,383 | +15.0% |
| Stocks and contracts in progress | 3 | €521 | - | -€521 | |
| Stocks | 30/36 | €521 | - | -€521 | |
| Amounts receivable within one year | 40/41 | €626,220 | €447,003 | -€179,217 | -28.6% |
| Trade receivables | 40 | €625,267 | €422,425 | -€202,841 | -32.4% |
| Other amounts receivable | 41 | €954 | €24,578 | +€23,624 | +2,477% |
| Cash at bank and in hand | 54/58 | €678,220 | €1,056,923 | +€378,703 | +55.8% |
| Deferred charges and accrued income | 490/1 | €3,013 | €431 | -€2,582 | -85.7% |
| Total equity and liabilities | 10/49 | €2,096,710 | €2,105,948 | +€9,238 | +0.4% |
| Equity | 10/15 | €1,464,472 | €1,592,129 | +€127,656 | +8.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €906,467 | €1,144,432 | +€237,965 | +26.3% |
| Non-distributable reserves | 130/1 | €35,134 | €35,134 | = | 0.0% |
| Legal reserve | 130 | €35,134 | €35,134 | = | 0.0% |
| Distributable reserves | 133 | €871,333 | €1,109,298 | +€237,965 | +27.3% |
| Investment grants | 15 | €478,006 | €367,697 | -€110,309 | -23.1% |
| Amounts payable | 17/49 | €632,238 | €513,819 | -€118,419 | -18.7% |
| Amounts payable after more than one year | 17 | €20,869 | €13,001 | -€7,868 | -37.7% |
| Financial debts | 170/4 | €20,869 | €13,001 | -€7,868 | -37.7% |
| Amounts payable within one year | 42/48 | €409,225 | €287,855 | -€121,370 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €137,207 | €38,389 | -€98,818 | -72.0% |
| Trade debts | 44 | €49,739 | €83,731 | +€33,992 | +68.3% |
| Suppliers | 440/4 | €49,739 | €83,731 | +€33,992 | +68.3% |
| Taxes, remuneration and social security | 45 | €220,977 | €165,734 | -€55,242 | -25.0% |
| Taxes | 450/3 | €54,573 | €14,883 | -€39,690 | -72.7% |
| Remuneration and social security | 454/9 | €166,403 | €150,852 | -€15,552 | -9.3% |
| Other amounts payable | 47/48 | €1,302 | - | -€1,302 | |
| Accrued charges and deferred income | 492/3 | €202,144 | €212,963 | +€10,819 | +5.4% |
| Remuneration, social security and pensions | 62 | €1,720,502 | €1,655,614 | -€64,889 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,602 | €188,466 | +€62,864 | +50.1% |
| Other operating charges | 640/8 | €1,392 | €69,410 | +€68,019 | +4,888% |
| Gross operating margin | 9900 | €2,178,707 | €2,124,334 | -€54,373 | -2.5% |
| Operating profit (loss) | 9901 | €331,212 | €210,844 | -€120,367 | -36.3% |
| Financial income | 75/76B | €73,715 | €110,881 | +€37,165 | +50.4% |
| Recurring financial income | 75 | €73,715 | €110,881 | +€37,165 | +50.4% |
| Financial charges | 65/66B | €32,268 | €32,098 | -€169 | -0.5% |
| Recurring financial charges | 65 | €27,628 | €25,791 | -€1,837 | -6.6% |
| Non-recurring financial charges | 66B | €4,640 | €6,308 | +€1,668 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €372,659 | €289,626 | -€83,033 | -22.3% |
| Income taxes | 67/77 | €133,154 | €75,612 | -€57,542 | -43.2% |
| Profit (loss) for the period | 9904 | €239,505 | €214,015 | -€25,490 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €239,505 | €214,015 | -€25,490 | -10.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.