PULSE PROPERTY: 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 PROPERTY
Largest movements
- Cash -€5,514
down €5,514 (-38.8%), from €14,214 to €8,700
mainly Other debts (-€11,501) and Trade debts (-€7,627)
- Intangible fixed assets -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Receivables within one year -€3,482
down €3,482 (-15.6%), from €22,346 to €18,864
- Tangible fixed assets -€1,892
down €1,892 (-6.8%), from €27,714 to €25,823
of which Plant, machinery and equipment: -€3,928
- Other debts -€11,501
down €11,501 (-23.4%), from €49,123 to €37,622
- Profit (loss) carried forward +€8,276
up €8,276, from -€8,152 to €125
- Trade debts -€7,627
down €7,627 (-81.7%), from €9,334 to €1,707
- Tax, wage and social debts -€7,330
down €7,330 (-52.5%), from €13,969 to €6,638
of which Taxes: -€5,767
- Current portion of long-term debt +€2,295
new in 2025: €2,295
- Gross operating margin -€8,889
down €8,889 (-26.3%), from €33,745 to €24,856
- Taxes -€669
down €669 (-21.1%), from €3,169 to €2,500
- Financial charges -€617
down €617 (-18.4%), from €3,347 to €2,730
- Depreciation -€442
down €442 (-4.6%), from €9,710 to €9,268
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 | €74,274 | €58,387 | -€15,887 | -21.4% |
| Fixed assets | 21/28 | €37,714 | €30,823 | -€6,892 | -18.3% |
| Intangible fixed assets | 21 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Tangible fixed assets | 22/27 | €27,714 | €25,823 | -€1,892 | -6.8% |
| Plant, machinery and equipment | 23 | €27,633 | €23,704 | -€3,928 | -14.2% |
| Furniture and vehicles | 24 | €82 | €2,118 | +€2,037 | +2491.4% |
| Current assets | 29/58 | €36,560 | €27,564 | -€8,996 | -24.6% |
| Amounts receivable within one year | 40/41 | €22,346 | €18,864 | -€3,482 | -15.6% |
| Trade receivables | 40 | €22,346 | €18,864 | -€3,482 | -15.6% |
| Cash at bank and in hand | 54/58 | €14,214 | €8,700 | -€5,514 | -38.8% |
| Total equity and liabilities | 10/49 | €74,274 | €58,387 | -€15,887 | -21.4% |
| Equity | 10/15 | €1,848 | €10,125 | +€8,276 | +447.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,152 | €125 | +€8,276 | |
| Amounts payable | 17/49 | €72,426 | €48,262 | -€24,163 | -33.4% |
| Amounts payable within one year | 42/48 | €72,426 | €48,262 | -€24,163 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,295 | +€2,295 | |
| Trade debts | 44 | €9,334 | €1,707 | -€7,627 | -81.7% |
| Suppliers | 440/4 | €9,334 | €1,707 | -€7,627 | -81.7% |
| Taxes, remuneration and social security | 45 | €13,969 | €6,638 | -€7,330 | -52.5% |
| Taxes | 450/3 | €12,405 | €6,638 | -€5,767 | -46.5% |
| Remuneration and social security | 454/9 | €1,564 | - | -€1,564 | |
| Other amounts payable | 47/48 | €49,123 | €37,622 | -€11,501 | -23.4% |
| Non-recurring operating income | 76A | €1,930 | - | -€1,930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,710 | €9,268 | -€442 | -4.6% |
| Other operating charges | 640/8 | €1,991 | €2,082 | +€91 | +4.6% |
| Gross operating margin | 9900 | €33,745 | €24,856 | -€8,889 | -26.3% |
| Operating profit (loss) | 9901 | €22,044 | €13,506 | -€8,538 | -38.7% |
| Financial charges | 65/66B | €3,347 | €2,730 | -€617 | -18.4% |
| Recurring financial charges | 65 | €3,347 | €2,730 | -€617 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €18,697 | €10,776 | -€7,921 | -42.4% |
| Income taxes | 67/77 | €3,169 | €2,500 | -€669 | -21.1% |
| Profit (loss) for the period | 9904 | €15,528 | €8,276 | -€7,252 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,528 | €8,276 | -€7,252 | -46.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.