Pulsio Consulting: 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.
Pulsio Consulting
Largest movements
- Receivables within one year -€6,510
down €6,510 (-21.7%), from €29,932 to €23,423
of which Trade receivables: -€11,845
- Tangible fixed assets -€4,520
down €4,520 (-58.5%), from €7,732 to €3,211
of which Furniture and vehicles: -€4,207
- Cash +€1,342
up €1,342 (+2.0%), from €66,733 to €68,074
mainly Net result for the year (+€22,254) and Receivables within one year (+€6,510)
- Profit (loss) carried forward +€22,254
up €22,254 (+52.5%), from €42,389 to €64,644
- Other debts -€20,364
down €20,364 (-54.6%), from €37,293 to €16,929
- Trade debts -€8,186
down €8,186 (-91.5%), from €8,951 to €764
- Tax, wage and social debts -€2,174
down €2,174 (-53.7%), from €4,052 to €1,878
of which Taxes: -€1,990
- Current portion of long-term debt -€1,179
down €1,179 (-11.6%), from €10,179 to €9,000
- Gross operating margin -€27,072
down €27,072 (-40.0%), from €67,645 to €40,573
- Taxes +€3,357
up €3,357 (+1,092%), from €308 to €3,665
- Financial charges -€1,986
down €1,986 (-39.1%), from €5,083 to €3,097
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 | €104,864 | €95,215 | -€9,649 | -9.2% |
| Fixed assets | 21/28 | €7,732 | €3,211 | -€4,520 | -58.5% |
| Tangible fixed assets | 22/27 | €7,732 | €3,211 | -€4,520 | -58.5% |
| Plant, machinery and equipment | 23 | €388 | €75 | -€313 | -80.8% |
| Furniture and vehicles | 24 | €7,344 | €3,137 | -€4,207 | -57.3% |
| Current assets | 29/58 | €97,132 | €92,004 | -€5,128 | -5.3% |
| Amounts receivable within one year | 40/41 | €29,932 | €23,423 | -€6,510 | -21.7% |
| Trade receivables | 40 | €21,231 | €9,387 | -€11,845 | -55.8% |
| Other amounts receivable | 41 | €8,701 | €14,036 | +€5,335 | +61.3% |
| Cash at bank and in hand | 54/58 | €66,733 | €68,074 | +€1,342 | +2.0% |
| Deferred charges and accrued income | 490/1 | €467 | €507 | +€40 | +8.5% |
| Total equity and liabilities | 10/49 | €104,864 | €95,215 | -€9,649 | -9.2% |
| Equity | 10/15 | €44,389 | €66,644 | +€22,254 | +50.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,389 | €64,644 | +€22,254 | +52.5% |
| Amounts payable | 17/49 | €60,474 | €28,571 | -€31,903 | -52.8% |
| Amounts payable within one year | 42/48 | €60,474 | €28,571 | -€31,903 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €10,179 | €9,000 | -€1,179 | -11.6% |
| Trade debts | 44 | €8,951 | €764 | -€8,186 | -91.5% |
| Suppliers | 440/4 | €8,951 | €764 | -€8,186 | -91.5% |
| Taxes, remuneration and social security | 45 | €4,052 | €1,878 | -€2,174 | -53.7% |
| Taxes | 450/3 | €3,868 | €1,878 | -€1,990 | -51.5% |
| Remuneration and social security | 454/9 | €184 | - | -€184 | |
| Other amounts payable | 47/48 | €37,293 | €16,929 | -€20,364 | -54.6% |
| Non-recurring operating income | 76A | €292 | €288 | -€4 | -1.5% |
| Remuneration, social security and pensions | 62 | €2,644 | €2,612 | -€32 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,630 | €6,496 | -€134 | -2.0% |
| Other operating charges | 640/8 | €1,516 | €1,915 | +€399 | +26.3% |
| Non-recurring operating charges | 66A | €715 | €547 | -€168 | -23.5% |
| Gross operating margin | 9900 | €67,645 | €40,573 | -€27,072 | -40.0% |
| Operating profit (loss) | 9901 | €56,139 | €29,002 | -€27,136 | -48.3% |
| Financial income | 75/76B | €39 | €14 | -€25 | -63.4% |
| Recurring financial income | 75 | €39 | €14 | -€25 | -63.4% |
| Financial charges | 65/66B | €5,083 | €3,097 | -€1,986 | -39.1% |
| Recurring financial charges | 65 | €5,083 | €3,097 | -€1,986 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €51,095 | €25,919 | -€25,175 | -49.3% |
| Income taxes | 67/77 | €308 | €3,665 | +€3,357 | +1,092% |
| Profit (loss) for the period | 9904 | €50,787 | €22,254 | -€28,533 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,787 | €22,254 | -€28,533 | -56.2% |
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 18 October 2026 via checked.be.