PULSIONS: 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.
PULSIONS
Largest movements
- Cash +€14,720
up €14,720 (+1792.9%), from €821 to €15,541
mainly Net result for the year (+€13,427) and Stocks and contracts (+€6,958)
- Stocks and contracts -€6,958
down €6,958 (-3.5%), from €197,324 to €190,366
- Profit (loss) carried forward +€13,426
up €13,426 (+9.0%), from €148,800 to €162,226
- Other debts -€4,620
down €4,620 (-91.9%), from €5,025 to €405
- Trade debts -€2,219
down €2,219 (-21.7%), from €10,243 to €8,024
- Staff costs -€3,114
down €3,114 (-8.8%), from €35,542 to €32,428
- Gross operating margin +€2,233
up €2,233 (+4.2%), from €52,909 to €55,142
- Taxes +€1,608
up €1,608 (+46.7%), from €3,446 to €5,054
- Financial charges -€844
down €844 (-35.2%), from €2,402 to €1,558
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 | €203,691 | €209,332 | +€5,641 | +2.8% |
| Fixed assets | 21/28 | €5,308 | €3,425 | -€1,883 | -35.5% |
| Tangible fixed assets | 22/27 | €5,199 | €3,316 | -€1,883 | -36.2% |
| Plant, machinery and equipment | 23 | €2,468 | €1,495 | -€973 | -39.4% |
| Furniture and vehicles | 24 | €2,731 | €1,821 | -€910 | -33.3% |
| Financial fixed assets | 28 | €109 | €109 | +€0 | +0.1% |
| Current assets | 29/58 | €198,383 | €205,907 | +€7,524 | +3.8% |
| Stocks and contracts in progress | 3 | €197,324 | €190,366 | -€6,958 | -3.5% |
| Stocks | 30/36 | €197,324 | €190,366 | -€6,958 | -3.5% |
| Amounts receivable within one year | 40/41 | €238 | - | -€238 | |
| Trade receivables | 40 | €238 | - | -€238 | |
| Cash at bank and in hand | 54/58 | €821 | €15,541 | +€14,720 | +1792.9% |
| Total equity and liabilities | 10/49 | €203,691 | €209,332 | +€5,641 | +2.8% |
| Equity | 10/15 | €176,109 | €189,535 | +€13,426 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,709 | €8,709 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €6,849 | €6,849 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €148,800 | €162,226 | +€13,426 | +9.0% |
| Amounts payable | 17/49 | €27,582 | €19,797 | -€7,785 | -28.2% |
| Amounts payable within one year | 42/48 | €27,582 | €19,797 | -€7,785 | -28.2% |
| Financial debts | 43 | €1,232 | - | -€1,232 | |
| Credit institutions | 430/8 | €1,232 | - | -€1,232 | |
| Trade debts | 44 | €10,243 | €8,024 | -€2,219 | -21.7% |
| Suppliers | 440/4 | €10,243 | €8,024 | -€2,219 | -21.7% |
| Taxes, remuneration and social security | 45 | €11,082 | €11,367 | +€285 | +2.6% |
| Taxes | 450/3 | €10,574 | €11,367 | +€793 | +7.5% |
| Remuneration and social security | 454/9 | €508 | - | -€508 | |
| Other amounts payable | 47/48 | €5,025 | €405 | -€4,620 | -91.9% |
| Remuneration, social security and pensions | 62 | €35,542 | €32,428 | -€3,114 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,884 | €1,884 | -€0 | 0.0% |
| Other operating charges | 640/8 | €420 | €876 | +€456 | +108.6% |
| Gross operating margin | 9900 | €52,909 | €55,142 | +€2,233 | +4.2% |
| Operating profit (loss) | 9901 | €15,063 | €19,954 | +€4,891 | +32.5% |
| Financial income | 75/76B | €61 | €83 | +€22 | +36.8% |
| Recurring financial income | 75 | €61 | €83 | +€22 | +36.8% |
| Financial charges | 65/66B | €2,402 | €1,558 | -€844 | -35.2% |
| Recurring financial charges | 65 | €2,402 | €1,558 | -€844 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €12,722 | €18,480 | +€5,758 | +45.3% |
| Income taxes | 67/77 | €3,446 | €5,054 | +€1,608 | +46.7% |
| Profit (loss) for the period | 9904 | €9,276 | €13,427 | +€4,151 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,276 | €13,427 | +€4,151 | +44.7% |
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 7 October 2026 via checked.be.