PULSE STORE: 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 STORE
Largest movements
- Cash -€59,786
down €59,786 (-64.2%), from €93,120 to €33,334
mainly Debts after one year (-€215,431) and Net result for the year (-€46,739)
- Receivables within one year +€22,687
up €22,687 (+56.9%), from €39,864 to €62,551
of which Trade receivables: +€22,687
- Stocks and contracts -€17,659
down €17,659 (-4.2%), from €419,211 to €401,552
- Debts after one year -€215,431
down €215,431 (-64.7%), from €332,755 to €117,324
- Contributions +€147,000
up €147,000 (+4900.0%), from €3,000 to €150,000
- Trade debts +€47,775
up €47,775 (+62.9%), from €75,898 to €123,672
- Profit (loss) carried forward -€46,739
down €46,739 (-51.2%), from €91,334 to €44,595
- Other debts +€16,590
up €16,590 (+109.2%), from €15,187 to €31,777
- Gross operating margin -€41,205
down €41,205 (-30.0%), from €137,553 to €96,348
- Staff costs +€9,382
up €9,382 (+10.3%), from €90,788 to €100,171
- Financial charges -€9,380
down €9,380 (-57.1%), from €16,426 to €7,045
- Other operating charges +€3,991
up €3,991 (+68.6%), from €5,816 to €9,807
- Financial income +€1,836
up €1,836 (+126.8%), from €1,448 to €3,284
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 | €598,716 | €536,961 | -€61,755 | -10.3% |
| Fixed assets | 21/28 | €30,365 | €26,039 | -€4,326 | -14.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €30,365 | €26,039 | -€4,326 | -14.2% |
| Plant, machinery and equipment | 23 | €6,357 | €3,920 | -€2,437 | -38.3% |
| Furniture and vehicles | 24 | €2,931 | €2,211 | -€720 | -24.6% |
| Other tangible fixed assets | 26 | €21,077 | €19,908 | -€1,169 | -5.5% |
| Current assets | 29/58 | €568,350 | €510,921 | -€57,429 | -10.1% |
| Stocks and contracts in progress | 3 | €419,211 | €401,552 | -€17,659 | -4.2% |
| Stocks | 30/36 | €419,211 | €401,552 | -€17,659 | -4.2% |
| Amounts receivable within one year | 40/41 | €39,864 | €62,551 | +€22,687 | +56.9% |
| Trade receivables | 40 | €39,864 | €62,551 | +€22,687 | +56.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €93,120 | €33,334 | -€59,786 | -64.2% |
| Deferred charges and accrued income | 490/1 | €16,156 | €13,484 | -€2,672 | -16.5% |
| Total equity and liabilities | 10/49 | €598,716 | €536,961 | -€61,755 | -10.3% |
| Equity | 10/15 | €94,334 | €194,595 | +€100,261 | +106.3% |
| Contributions | 10/11 | €3,000 | €150,000 | +€147,000 | +4900.0% |
| Profit (loss) carried forward | 14 | €91,334 | €44,595 | -€46,739 | -51.2% |
| Amounts payable | 17/49 | €504,382 | €342,366 | -€162,016 | -32.1% |
| Amounts payable after more than one year | 17 | €332,755 | €117,324 | -€215,431 | -64.7% |
| Financial debts | 170/4 | €332,755 | €117,324 | -€215,431 | -64.7% |
| Amounts payable within one year | 42/48 | €168,127 | €225,041 | +€56,915 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €43,962 | €45,431 | +€1,469 | +3.3% |
| Financial debts | 43 | €927 | €0 | -€927 | -100.0% |
| Credit institutions | 430/8 | €927 | €0 | -€927 | -100.0% |
| Trade debts | 44 | €75,898 | €123,672 | +€47,775 | +62.9% |
| Suppliers | 440/4 | €75,898 | €123,672 | +€47,775 | +62.9% |
| Advances received on contracts in progress | 46 | - | €4,724 | +€4,724 | |
| Taxes, remuneration and social security | 45 | €32,154 | €19,437 | -€12,716 | -39.5% |
| Taxes | 450/3 | €24,782 | €8,510 | -€16,272 | -65.7% |
| Remuneration and social security | 454/9 | €7,372 | €10,927 | +€3,555 | +48.2% |
| Other amounts payable | 47/48 | €15,187 | €31,777 | +€16,590 | +109.2% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100.0% |
| Non-recurring operating income | 76A | €0 | €8,326 | +€8,326 | |
| Remuneration, social security and pensions | 62 | €90,788 | €100,171 | +€9,382 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,939 | €19,518 | -€1,421 | -6.8% |
| Other operating charges | 640/8 | €5,816 | €9,807 | +€3,991 | +68.6% |
| Non-recurring operating charges | 66A | €4,918 | €9,830 | +€4,912 | +99.9% |
| Gross operating margin | 9900 | €137,553 | €96,348 | -€41,205 | -30.0% |
| Operating profit (loss) | 9901 | €15,093 | -€42,978 | -€58,071 | |
| Financial income | 75/76B | €1,448 | €3,284 | +€1,836 | +126.8% |
| Recurring financial income | 75 | €1,448 | €3,284 | +€1,836 | +126.8% |
| Financial charges | 65/66B | €16,426 | €7,045 | -€9,380 | -57.1% |
| Recurring financial charges | 65 | €16,426 | €7,045 | -€9,380 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €115 | -€46,739 | -€46,854 | |
| Profit (loss) for the period | 9904 | €115 | -€46,739 | -€46,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €115 | -€46,739 | -€46,854 |
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 8 October 2026 via checked.be.