PULSE CONSULT: 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.
PULSE CONSULT
Largest movements
- Receivables within one year -€22,437
down €22,437 (-41.0%), from €54,687 to €32,250
of which Trade receivables: -€19,654
- Cash -€18,269
down €18,269 (-74.4%), from €24,560 to €6,291
mainly Trade debts (-€17,908) and Net result for the year (-€14,755)
- Tangible fixed assets -€3,930
down €3,930 (-6.7%), from €58,356 to €54,425
of which Land and buildings: -€3,709
- Trade debts -€17,908
down €17,908 (-100%), from €17,908 to €0
- Profit (loss) carried forward -€14,236
down €14,236, from €6 to -€14,230
- Contributions -€9,000
down €9,000 (-13.5%), from €66,579 to €57,579
- Current portion of long-term debt -€5,834
down €5,834 (-100%), from €5,834 to €0
- Tax, wage and social debts +€2,458
up €2,458 (+49.7%), from €4,945 to €7,403
of which Remuneration and social security: +€3,247
- Gross operating margin -€47,790
down €47,790, from €46,129 to -€1,661
- Taxes -€7,768
down €7,768 (-96.6%), from €8,041 to €273
- Depreciation -€2,538
down €2,538 (-20.1%), from €12,605 to €10,067
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.
Derived cash bridge
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 | €140,639 | €95,548 | -€45,091 | -32.1% |
| Fixed assets | 21/28 | €58,356 | €54,425 | -€3,930 | -6.7% |
| Tangible fixed assets | 22/27 | €58,356 | €54,425 | -€3,930 | -6.7% |
| Land and buildings | 22 | €47,416 | €43,707 | -€3,709 | -7.8% |
| Plant, machinery and equipment | 23 | €8,721 | €8,085 | -€636 | -7.3% |
| Furniture and vehicles | 24 | €2,219 | €1,042 | -€1,177 | -53.1% |
| Other tangible fixed assets | 26 | - | €1,592 | +€1,592 | |
| Current assets | 29/58 | €82,283 | €41,122 | -€41,161 | -50.0% |
| Amounts receivable within one year | 40/41 | €54,687 | €32,250 | -€22,437 | -41.0% |
| Trade receivables | 40 | €46,567 | €26,913 | -€19,654 | -42.2% |
| Other amounts receivable | 41 | €8,120 | €5,337 | -€2,783 | -34.3% |
| Cash at bank and in hand | 54/58 | €24,560 | €6,291 | -€18,269 | -74.4% |
| Deferred charges and accrued income | 490/1 | €3,036 | €2,582 | -€454 | -15.0% |
| Total equity and liabilities | 10/49 | €140,639 | €95,548 | -€45,091 | -32.1% |
| Equity | 10/15 | €110,253 | €86,498 | -€23,755 | -21.5% |
| Contributions | 10/11 | €66,579 | €57,579 | -€9,000 | -13.5% |
| Reserves | 13 | €43,669 | €43,150 | -€520 | -1.2% |
| Tax-exempt reserves | 132 | €6,793 | €6,274 | -€520 | -7.6% |
| Distributable reserves | 133 | €36,876 | €36,876 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6 | -€14,230 | -€14,236 | |
| Provisions and deferred taxes | 16 | €1,698 | €1,568 | -€130 | -7.6% |
| Deferred taxes | 168 | €1,698 | €1,568 | -€130 | -7.6% |
| Amounts payable | 17/49 | €28,687 | €7,481 | -€21,206 | -73.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €28,687 | €7,481 | -€21,206 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €5,834 | €0 | -€5,834 | -100% |
| Financial debts | 43 | - | €78 | +€78 | |
| Credit institutions | 430/8 | - | €78 | +€78 | |
| Trade debts | 44 | €17,908 | €0 | -€17,908 | -100% |
| Suppliers | 440/4 | €17,908 | €0 | -€17,908 | -100% |
| Taxes, remuneration and social security | 45 | €4,945 | €7,403 | +€2,458 | +49.7% |
| Taxes | 450/3 | €4,945 | €4,156 | -€789 | -15.9% |
| Remuneration and social security | 454/9 | €0 | €3,247 | +€3,247 | |
| Non-recurring operating income | 76A | €10,202 | €0 | -€10,202 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,605 | €10,067 | -€2,538 | -20.1% |
| Other operating charges | 640/8 | €1,385 | €1,007 | -€378 | -27.3% |
| Non-recurring operating charges | 66A | €3,573 | €0 | -€3,573 | -100% |
| Gross operating margin | 9900 | €46,129 | -€1,661 | -€47,790 | |
| Operating profit (loss) | 9901 | €28,566 | -€12,735 | -€41,301 | |
| Financial income | 75/76B | €413 | €9 | -€404 | -97.9% |
| Recurring financial income | 75 | €413 | €9 | -€404 | -97.9% |
| Financial charges | 65/66B | €2,302 | €1,885 | -€417 | -18.1% |
| Recurring financial charges | 65 | €2,302 | €1,885 | -€417 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €26,677 | -€14,612 | -€41,289 | |
| Transfer from deferred taxes | 780 | €130 | €130 | -€0 | 0.0% |
| Income taxes | 67/77 | €8,041 | €273 | -€7,768 | -96.6% |
| Profit (loss) for the period | 9904 | €18,766 | -€14,755 | -€33,521 | |
| Transfer from tax-exempt reserves | 789 | €520 | €520 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,286 | -€14,236 | -€33,521 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.