PULSE SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash -€27,966
down €27,966 (-28.0%), from €99,820 to €71,853
mainly Net result for the year (-€23,625) and Other debts (-€22,043)
- Receivables within one year -€17,085
down €17,085 (-61.2%), from €27,920 to €10,835
of which Other amounts receivable: -€17,190
- Reserves -€23,625
down €23,625 (-24.9%), from €94,888 to €71,263
- Other debts -€22,043
down €22,043 (-73.5%), from €30,007 to €7,965
- Gross operating margin +€4,720
up €4,720 (+17.6%), from -€26,780 to -€22,060
- Financial charges -€444
down €444 (-32.8%), from €1,353 to €909
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,791 | €83,221 | -€45,570 | -35.4% |
| Fixed assets | 21/28 | €1,052 | €533 | -€519 | -49.3% |
| Tangible fixed assets | 22/27 | €1,052 | €533 | -€519 | -49.3% |
| Plant, machinery and equipment | 23 | €849 | €533 | -€317 | -37.3% |
| Furniture and vehicles | 24 | €202 | €0 | -€202 | -100.0% |
| Current assets | 29/58 | €127,740 | €82,688 | -€45,052 | -35.3% |
| Amounts receivable within one year | 40/41 | €27,920 | €10,835 | -€17,085 | -61.2% |
| Trade receivables | 40 | €288 | €393 | +€105 | +36.5% |
| Other amounts receivable | 41 | €27,632 | €10,442 | -€17,190 | -62.2% |
| Cash at bank and in hand | 54/58 | €99,820 | €71,853 | -€27,966 | -28.0% |
| Total equity and liabilities | 10/49 | €128,791 | €83,221 | -€45,570 | -35.4% |
| Equity | 10/15 | €97,888 | €74,263 | -€23,625 | -24.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €94,888 | €71,263 | -€23,625 | -24.9% |
| Distributable reserves | 133 | €94,888 | €71,263 | -€23,625 | -24.9% |
| Amounts payable | 17/49 | €30,903 | €8,958 | -€21,945 | -71.0% |
| Amounts payable within one year | 42/48 | €30,903 | €8,958 | -€21,945 | -71.0% |
| Trade debts | 44 | €740 | €708 | -€31 | -4.2% |
| Suppliers | 440/4 | €740 | €708 | -€31 | -4.2% |
| Taxes, remuneration and social security | 45 | €156 | €285 | +€129 | +82.9% |
| Taxes | 450/3 | €156 | €285 | +€129 | +82.9% |
| Other amounts payable | 47/48 | €30,007 | €7,965 | -€22,043 | -73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €519 | -€170 | -24.6% |
| Other operating charges | 640/8 | €141 | €0 | -€141 | -100.0% |
| Gross operating margin | 9900 | -€26,780 | -€22,060 | +€4,720 | +17.6% |
| Operating profit (loss) | 9901 | -€27,609 | -€22,578 | +€5,030 | +18.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -93.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -93.2% |
| Financial charges | 65/66B | €1,353 | €909 | -€444 | -32.8% |
| Recurring financial charges | 65 | €1,353 | €909 | -€444 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,960 | -€23,488 | +€5,473 | +18.9% |
| Income taxes | 67/77 | €147 | €138 | -€9 | -6.5% |
| Profit (loss) for the period | 9904 | -€29,107 | -€23,625 | +€5,482 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,107 | -€23,625 | +€5,482 | +18.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.