PULSESHIFT: 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.
PULSESHIFT
Largest movements
- Cash +€42,460
up €42,460 (+67.8%), from €62,611 to €105,071
mainly Net result for the year (+€43,252) and Receivables within one year (+€2,635)
- Receivables within one year -€2,635
down €2,635 (-14.6%), from €18,050 to €15,414
of which Trade receivables: -€4,934
- Reserves +€40,000
up €40,000 (+114.3%), from €35,000 to €75,000
- Trade debts -€4,470
down €4,470 (-55.9%), from €7,990 to €3,521
- Profit (loss) carried forward +€3,252
up €3,252 (+68.9%), from €4,721 to €7,974
- Taxes -€2,357
down €2,357 (-11.9%), from €19,746 to €17,389
- Gross operating margin +€2,113
up €2,113 (+3.5%), from €60,413 to €62,526
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 | €82,670 | €121,135 | +€38,465 | +46.5% |
| Fixed assets | 21/28 | €980 | €650 | -€330 | -33.7% |
| Tangible fixed assets | 22/27 | €980 | €650 | -€330 | -33.7% |
| Furniture and vehicles | 24 | €980 | €650 | -€330 | -33.7% |
| Current assets | 29/58 | €81,690 | €120,485 | +€38,795 | +47.5% |
| Amounts receivable within one year | 40/41 | €18,050 | €15,414 | -€2,635 | -14.6% |
| Trade receivables | 40 | €16,351 | €11,416 | -€4,934 | -30.2% |
| Other amounts receivable | 41 | €1,699 | €3,998 | +€2,299 | +135.3% |
| Cash at bank and in hand | 54/58 | €62,611 | €105,071 | +€42,460 | +67.8% |
| Deferred charges and accrued income | 490/1 | €1,030 | - | -€1,030 | |
| Total equity and liabilities | 10/49 | €82,670 | €121,135 | +€38,465 | +46.5% |
| Equity | 10/15 | €45,721 | €88,974 | +€43,252 | +94.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €75,000 | +€40,000 | +114.3% |
| Distributable reserves | 133 | €35,000 | €75,000 | +€40,000 | +114.3% |
| Profit (loss) carried forward | 14 | €4,721 | €7,974 | +€3,252 | +68.9% |
| Amounts payable | 17/49 | €36,949 | €32,161 | -€4,788 | -13.0% |
| Amounts payable within one year | 42/48 | €36,949 | €32,161 | -€4,788 | -13.0% |
| Trade debts | 44 | €7,990 | €3,521 | -€4,470 | -55.9% |
| Suppliers | 440/4 | €7,990 | €3,521 | -€4,470 | -55.9% |
| Taxes, remuneration and social security | 45 | €28,959 | €28,641 | -€318 | -1.1% |
| Taxes | 450/3 | €28,959 | €28,641 | -€318 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11 | €330 | +€319 | +2941.4% |
| Other operating charges | 640/8 | €387 | €695 | +€307 | +79.4% |
| Gross operating margin | 9900 | €60,413 | €62,526 | +€2,113 | +3.5% |
| Operating profit (loss) | 9901 | €60,015 | €61,501 | +€1,486 | +2.5% |
| Financial income | 75/76B | - | €185 | +€185 | |
| Recurring financial income | 75 | - | €185 | +€185 | |
| Financial charges | 65/66B | €547 | €1,044 | +€497 | +90.8% |
| Recurring financial charges | 65 | €547 | €1,044 | +€497 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | €59,467 | €60,642 | +€1,174 | +2.0% |
| Income taxes | 67/77 | €19,746 | €17,389 | -€2,357 | -11.9% |
| Profit (loss) for the period | 9904 | €39,721 | €43,252 | +€3,531 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,721 | €43,252 | +€3,531 | +8.9% |
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.