PulseLogic: 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.
PulseLogic
Largest movements
- Cash -€23,644
down €23,644 (-97.7%), from €24,193 to €549
mainly Net result for the year (-€48,155) and Tax, wage and social debts (-€4,396)
- Tangible fixed assets -€1,818
down €1,818 (-38.9%), from €4,672 to €2,854
of which Furniture and vehicles: -€1,557
- Deferred charges and accrued income -€455
down €455 (-18.9%), from €2,412 to €1,956
- Receivables within one year +€438
up €438 (+238.2%), from €184 to €622
of which Other amounts receivable: +€223
- Profit (loss) carried forward -€48,155
down €48,155 (-175.7%), from -€27,402 to -€75,557
- Other debts +€27,561
up €27,561 (+59.1%), from €46,654 to €74,215
- Tax, wage and social debts -€4,396
down €4,396 (-87.4%), from €5,033 to €637
- Trade debts -€490
down €490 (-22.5%), from €2,176 to €1,686
- Gross operating margin -€44,140
down €44,140 (-3154.5%), from -€1,399 to -€45,539
- Depreciation +€764
up €764 (+72.5%), from €1,054 to €1,818
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 | €31,461 | €5,981 | -€25,480 | -81.0% |
| Fixed assets | 21/28 | €4,672 | €2,854 | -€1,818 | -38.9% |
| Tangible fixed assets | 22/27 | €4,672 | €2,854 | -€1,818 | -38.9% |
| Plant, machinery and equipment | 23 | €794 | €533 | -€261 | -32.8% |
| Furniture and vehicles | 24 | €3,878 | €2,321 | -€1,557 | -40.2% |
| Current assets | 29/58 | €26,789 | €3,127 | -€23,662 | -88.3% |
| Amounts receivable within one year | 40/41 | €184 | €622 | +€438 | +238.2% |
| Trade receivables | 40 | €184 | €399 | +€215 | +117.2% |
| Other amounts receivable | 41 | €0 | €223 | +€223 | |
| Cash at bank and in hand | 54/58 | €24,193 | €549 | -€23,644 | -97.7% |
| Deferred charges and accrued income | 490/1 | €2,412 | €1,956 | -€455 | -18.9% |
| Total equity and liabilities | 10/49 | €31,461 | €5,981 | -€25,480 | -81.0% |
| Equity | 10/15 | -€22,402 | -€70,557 | -€48,155 | -215.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,402 | -€75,557 | -€48,155 | -175.7% |
| Amounts payable | 17/49 | €53,863 | €76,538 | +€22,675 | +42.1% |
| Amounts payable within one year | 42/48 | €53,863 | €76,538 | +€22,675 | +42.1% |
| Trade debts | 44 | €2,176 | €1,686 | -€490 | -22.5% |
| Suppliers | 440/4 | €2,176 | €1,686 | -€490 | -22.5% |
| Taxes, remuneration and social security | 45 | €5,033 | €637 | -€4,396 | -87.4% |
| Taxes | 450/3 | €5,033 | €637 | -€4,396 | -87.4% |
| Other amounts payable | 47/48 | €46,654 | €74,215 | +€27,561 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,054 | €1,818 | +€764 | +72.5% |
| Other operating charges | 640/8 | €702 | €527 | -€175 | -24.9% |
| Gross operating margin | 9900 | -€1,399 | -€45,539 | -€44,140 | -3154.5% |
| Operating profit (loss) | 9901 | -€3,156 | -€47,884 | -€44,729 | -1417.5% |
| Financial charges | 65/66B | €262 | €118 | -€144 | -55.0% |
| Recurring financial charges | 65 | €262 | €118 | -€144 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,418 | -€48,002 | -€44,585 | -1304.5% |
| Income taxes | 67/77 | €144 | €152 | +€8 | +5.9% |
| Profit (loss) for the period | 9904 | -€3,562 | -€48,155 | -€44,593 | -1252.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,562 | -€48,155 | -€44,593 | -1252.0% |
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 12 October 2026 via checked.be.