PULSE TRANSLATIONS: 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 TRANSLATIONS
Largest movements
- Receivables within one year -€31,788
down €31,788 (-62.1%), from €51,219 to €19,431
of which Trade receivables: -€31,788
- Cash -€10,039
down €10,039 (-19.7%), from €50,984 to €40,945
mainly Other debts (-€28,305) and Tax, wage and social debts (-€18,304)
- Tangible fixed assets -€1,878
no longer reported in 2025 (was €1,878)
- Other debts -€28,305
down €28,305 (-48.3%), from €58,571 to €30,266
- Tax, wage and social debts -€18,304
down €18,304 (-57.9%), from €31,600 to €13,296
- Trade debts +€3,763
up €3,763 (+83.5%), from €4,505 to €8,268
- Gross operating margin -€9,420
down €9,420 (-28.9%), from €32,572 to €23,152
- Depreciation -€4,458
down €4,458 (-70.4%), from €6,337 to €1,878
- Taxes -€1,417
down €1,417 (-20.9%), from €6,791 to €5,374
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 | €104,870 | €61,097 | -€43,773 | -41.7% |
| Fixed assets | 21/28 | €1,878 | - | -€1,878 | |
| Tangible fixed assets | 22/27 | €1,878 | - | -€1,878 | |
| Furniture and vehicles | 24 | €1,878 | - | -€1,878 | |
| Current assets | 29/58 | €102,991 | €61,097 | -€41,894 | -40.7% |
| Amounts receivable within one year | 40/41 | €51,219 | €19,431 | -€31,788 | -62.1% |
| Trade receivables | 40 | €47,506 | €15,718 | -€31,788 | -66.9% |
| Other amounts receivable | 41 | €3,712 | €3,712 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €50,984 | €40,945 | -€10,039 | -19.7% |
| Deferred charges and accrued income | 490/1 | €789 | €721 | -€67 | -8.6% |
| Total equity and liabilities | 10/49 | €104,870 | €61,097 | -€43,773 | -41.7% |
| Equity | 10/15 | €10,193 | €9,267 | -€927 | -9.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,193 | €3,267 | -€927 | -22.1% |
| Amounts payable | 17/49 | €94,676 | €51,830 | -€42,846 | -45.3% |
| Amounts payable within one year | 42/48 | €94,676 | €51,830 | -€42,846 | -45.3% |
| Trade debts | 44 | €4,505 | €8,268 | +€3,763 | +83.5% |
| Suppliers | 440/4 | €4,505 | €8,268 | +€3,763 | +83.5% |
| Taxes, remuneration and social security | 45 | €31,600 | €13,296 | -€18,304 | -57.9% |
| Taxes | 450/3 | €31,600 | €13,296 | -€18,304 | -57.9% |
| Other amounts payable | 47/48 | €58,571 | €30,266 | -€28,305 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,337 | €1,878 | -€4,458 | -70.4% |
| Other operating charges | 640/8 | €618 | €638 | +€20 | +3.2% |
| Gross operating margin | 9900 | €32,572 | €23,152 | -€9,420 | -28.9% |
| Operating profit (loss) | 9901 | €25,617 | €20,636 | -€4,982 | -19.4% |
| Financial income | 75/76B | €399 | €304 | -€95 | -23.8% |
| Recurring financial income | 75 | €399 | €304 | -€95 | -23.8% |
| Financial charges | 65/66B | €213 | €192 | -€21 | -9.9% |
| Recurring financial charges | 65 | €213 | €192 | -€21 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €25,803 | €20,747 | -€5,056 | -19.6% |
| Income taxes | 67/77 | €6,791 | €5,374 | -€1,417 | -20.9% |
| Profit (loss) for the period | 9904 | €19,012 | €15,373 | -€3,638 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,012 | €15,373 | -€3,638 | -19.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.