PULSE: 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.
PULSE
Largest movements
- Receivables within one year -€9,775
down €9,775 (-76.3%), from €12,808 to €3,033
of which Trade receivables: -€11,534
- Tangible fixed assets -€5,540
down €5,540 (-28.6%), from €19,355 to €13,815
of which Leasing and similar rights: -€5,564
- Profit (loss) carried forward -€12,179
down €12,179 (-20.0%), from -€60,800 to -€72,978
- Trade debts +€10,217
up €10,217 (+120.5%), from €8,480 to €18,697
- Tax, wage and social debts -€7,709
down €7,709 (-90.8%), from €8,491 to €781
- Debts after one year -€6,064
down €6,064 (-45.8%), from €13,243 to €7,178
- Gross operating margin -€2,248
down €2,248, from €1,463 to -€785
- Other operating charges +€744
up €744 (+60.5%), from €1,230 to €1,975
- Financial charges +€668
up €668 (+25.3%), from €2,641 to €3,308
- Taxes -€20
down €20 (-10.8%), from €184 to €164
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.
Cash bridge derived
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 | €329,666 | €314,401 | -€15,265 | -4.6% |
| Fixed assets | 21/28 | €316,855 | €311,315 | -€5,540 | -1.7% |
| Tangible fixed assets | 22/27 | €19,355 | €13,815 | -€5,540 | -28.6% |
| Plant, machinery and equipment | 23 | €669 | €694 | +€25 | +3.7% |
| Leasing and similar rights | 25 | €18,685 | €13,121 | -€5,564 | -29.8% |
| Financial fixed assets | 28 | €297,500 | €297,500 | = | 0.0% |
| Current assets | 29/58 | €12,811 | €3,086 | -€9,725 | -75.9% |
| Amounts receivable within one year | 40/41 | €12,808 | €3,033 | -€9,775 | -76.3% |
| Trade receivables | 40 | €12,721 | €1,187 | -€11,534 | -90.7% |
| Other amounts receivable | 41 | €86 | €1,846 | +€1,759 | +2040.2% |
| Cash at bank and in hand | 54/58 | €4 | €53 | +€50 | +1411.7% |
| Total equity and liabilities | 10/49 | €329,666 | €314,401 | -€15,265 | -4.6% |
| Equity | 10/15 | -€34,742 | -€46,921 | -€12,179 | -35.1% |
| Contributions | 10/11 | €12,750 | €12,750 | = | 0.0% |
| Reserves | 13 | €13,308 | €13,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €665 | €665 | = | 0.0% |
| Reserves not available under the articles | 1311 | €665 | €665 | = | 0.0% |
| Distributable reserves | 133 | €12,642 | €12,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,800 | -€72,978 | -€12,179 | -20.0% |
| Amounts payable | 17/49 | €364,408 | €361,322 | -€3,086 | -0.8% |
| Amounts payable after more than one year | 17 | €13,243 | €7,178 | -€6,064 | -45.8% |
| Financial debts | 170/4 | €13,243 | €7,178 | -€6,064 | -45.8% |
| Amounts payable within one year | 42/48 | €351,165 | €354,143 | +€2,978 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €5,728 | €6,064 | +€336 | +5.9% |
| Financial debts | 43 | €1,750 | €1,375 | -€375 | -21.4% |
| Other loans | 439 | €1,750 | €1,375 | -€375 | -21.4% |
| Trade debts | 44 | €8,480 | €18,697 | +€10,217 | +120.5% |
| Suppliers | 440/4 | €8,480 | €18,697 | +€10,217 | +120.5% |
| Advances received on contracts in progress | 46 | €2,420 | €1,210 | -€1,210 | -50.0% |
| Taxes, remuneration and social security | 45 | €8,491 | €781 | -€7,709 | -90.8% |
| Taxes | 450/3 | €8,491 | €781 | -€7,709 | -90.8% |
| Other amounts payable | 47/48 | €324,296 | €326,015 | +€1,719 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,944 | €5,946 | +€3 | 0.0% |
| Other operating charges | 640/8 | €1,230 | €1,975 | +€744 | +60.5% |
| Gross operating margin | 9900 | €1,463 | -€785 | -€2,248 | |
| Operating profit (loss) | 9901 | -€5,711 | -€8,706 | -€2,995 | -52.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €2,641 | €3,308 | +€668 | +25.3% |
| Recurring financial charges | 65 | €2,641 | €3,308 | +€668 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,352 | -€12,014 | -€3,663 | -43.9% |
| Income taxes | 67/77 | €184 | €164 | -€20 | -10.8% |
| Profit (loss) for the period | 9904 | -€8,536 | -€12,179 | -€3,643 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,536 | -€12,179 | -€3,643 | -42.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.