PULSITIVE: what changed
PULSITIVE
Largest movements
- Cash -€36,212
down €36,212 (-74.8%), from €48,430 to €12,217
mainly Net result for the year (-€80,003) and Receivables within one year (-€17,453)
- Receivables within one year +€17,453
up €17,453 (+649%), from €2,690 to €20,143
of which Other amounts receivable: +€9,258
- Intangible fixed assets +€5,000
new in 2025: €5,000
- Profit (loss) carried forward -€80,003
down €80,003, from €17,433 to -€62,571
- Contributions +€65,000
up €65,000 (+1,300%), from €5,000 to €70,000
- Other debts -€13,801
down €13,801 (-87.6%), from €15,748 to €1,948
- Trade debts +€9,093
up €9,093 (+292%), from €3,114 to €12,208
- Tax, wage and social debts +€5,497
up €5,497 (+50.9%), from €10,808 to €16,305
of which Remuneration and social security: +€10,771
- Gross operating margin -€78,589
down €78,589, from €34,599 to -€43,990
- Staff costs +€28,274
new in 2025: €28,274
- Financial charges +€4,512
up €4,512 (+4,199%), from €107 to €4,620
of which Non-recurring financial charges: +€4,400
- Taxes -€4,446
down €4,446 (-99.3%), from €4,477 to €31
- Depreciation +€2,500
up €2,500 (+853%), from €293 to €2,793
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,104 | €37,890 | -€14,214 | -27.3% |
| Fixed assets | 21/28 | €347 | €5,054 | +€4,707 | +1,357% |
| Intangible fixed assets | 21 | - | €5,000 | +€5,000 | |
| Tangible fixed assets | 22/27 | €347 | €54 | -€293 | -84.5% |
| Furniture and vehicles | 24 | €347 | €54 | -€293 | -84.5% |
| Current assets | 29/58 | €51,757 | €32,836 | -€18,921 | -36.6% |
| Amounts receivable within one year | 40/41 | €2,690 | €20,143 | +€17,453 | +649% |
| Trade receivables | 40 | €2,690 | €10,885 | +€8,195 | +305% |
| Other amounts receivable | 41 | - | €9,258 | +€9,258 | |
| Cash at bank and in hand | 54/58 | €48,430 | €12,217 | -€36,212 | -74.8% |
| Deferred charges and accrued income | 490/1 | €637 | €476 | -€161 | -25.3% |
| Total equity and liabilities | 10/49 | €52,104 | €37,890 | -€14,214 | -27.3% |
| Equity | 10/15 | €22,433 | €7,429 | -€15,003 | -66.9% |
| Contributions | 10/11 | €5,000 | €70,000 | +€65,000 | +1,300% |
| Profit (loss) carried forward | 14 | €17,433 | -€62,571 | -€80,003 | |
| Amounts payable | 17/49 | €29,671 | €30,461 | +€790 | +2.7% |
| Amounts payable within one year | 42/48 | €29,671 | €30,461 | +€790 | +2.7% |
| Trade debts | 44 | €3,114 | €12,208 | +€9,093 | +292% |
| Suppliers | 440/4 | €3,114 | €12,208 | +€9,093 | +292% |
| Taxes, remuneration and social security | 45 | €10,808 | €16,305 | +€5,497 | +50.9% |
| Taxes | 450/3 | €7,206 | €1,933 | -€5,274 | -73.2% |
| Remuneration and social security | 454/9 | €3,602 | €14,372 | +€10,771 | +299% |
| Other amounts payable | 47/48 | €15,748 | €1,948 | -€13,801 | -87.6% |
| Remuneration, social security and pensions | 62 | - | €28,274 | +€28,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293 | €2,793 | +€2,500 | +853% |
| Other operating charges | 640/8 | - | €411 | +€411 | |
| Gross operating margin | 9900 | €34,599 | -€43,990 | -€78,589 | |
| Operating profit (loss) | 9901 | €34,306 | -€75,468 | -€109,774 | |
| Financial income | 75/76B | €26 | €116 | +€90 | +351% |
| Recurring financial income | 75 | €26 | €116 | +€90 | +351% |
| Financial charges | 65/66B | €107 | €4,620 | +€4,512 | +4,199% |
| Recurring financial charges | 65 | €107 | €220 | +€112 | +105% |
| Non-recurring financial charges | 66B | - | €4,400 | +€4,400 | |
| Profit (loss) for the period before taxes | 9903 | €34,224 | -€79,973 | -€114,197 | |
| Income taxes | 67/77 | €4,477 | €31 | -€4,446 | -99.3% |
| Profit (loss) for the period | 9904 | €29,747 | -€80,003 | -€109,751 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,747 | -€80,003 | -€109,751 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.