PULSYCO: 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.
PULSYCO
Largest movements
- Cash +€291,189
up €291,189 (+183.5%), from €158,658 to €449,848
mainly Other debts (+€325,644) and Net result for the year (+€272,635)
- Receivables after one year -€13,333
down €13,333 (-50.0%), from €26,667 to €13,333
- Other debts +€325,644
up €325,644 (+181.6%), from €179,303 to €504,947
- Profit (loss) carried forward -€49,564
no longer reported in 2025 (was €49,564)
- Financial income -€872,308
down €872,308 (-75.7%), from €1.2m to €280,600
of which Non-recurring financial income: -€1.2m
- Financial charges +€4,922
up €4,922 (+1742.8%), from €282 to €5,205
- Gross operating margin +€384
up €384 (+21.7%), from -€1,774 to -€1,390
- Other operating charges +€83
up €83 (+6.4%), from €1,288 to €1,370
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 | €250,067 | €527,723 | +€277,656 | +111.0% |
| Fixed assets | 21/28 | €63,001 | €63,001 | = | 0.0% |
| Financial fixed assets | 28 | €63,001 | €63,001 | = | 0.0% |
| Current assets | 29/58 | €187,066 | €464,722 | +€277,656 | +148.4% |
| Amounts receivable after more than one year | 29 | €26,667 | €13,333 | -€13,333 | -50.0% |
| Other amounts receivable | 291 | €26,667 | €13,333 | -€13,333 | -50.0% |
| Amounts receivable within one year | 40/41 | €1,000 | €800 | -€200 | -20.0% |
| Other amounts receivable | 41 | €1,000 | €800 | -€200 | -20.0% |
| Current investments | 50/53 | €741 | €741 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,658 | €449,848 | +€291,189 | +183.5% |
| Total equity and liabilities | 10/49 | €250,067 | €527,723 | +€277,656 | +111.0% |
| Equity | 10/15 | €69,564 | €20,000 | -€49,564 | -71.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,564 | - | -€49,564 | |
| Amounts payable | 17/49 | €180,503 | €507,723 | +€327,220 | +181.3% |
| Amounts payable within one year | 42/48 | €180,503 | €507,723 | +€327,220 | +181.3% |
| Trade debts | 44 | €1,200 | €1,300 | +€100 | +8.3% |
| Suppliers | 440/4 | €1,200 | €1,300 | +€100 | +8.3% |
| Taxes, remuneration and social security | 45 | - | €1,476 | +€1,476 | |
| Taxes | 450/3 | - | €1,476 | +€1,476 | |
| Other amounts payable | 47/48 | €179,303 | €504,947 | +€325,644 | +181.6% |
| Other operating charges | 640/8 | €1,288 | €1,370 | +€83 | +6.4% |
| Gross operating margin | 9900 | -€1,774 | -€1,390 | +€384 | +21.7% |
| Operating profit (loss) | 9901 | -€3,061 | -€2,760 | +€301 | +9.8% |
| Financial income | 75/76B | €1,152,908 | €280,600 | -€872,308 | -75.7% |
| Recurring financial income | 75 | €2,908 | €280,600 | +€277,692 | +9549.6% |
| Non-recurring financial income | 76B | €1,150,000 | - | -€1.2m | |
| Financial charges | 65/66B | €282 | €5,205 | +€4,922 | +1742.8% |
| Recurring financial charges | 65 | €282 | €5,205 | +€4,922 | +1742.8% |
| Profit (loss) for the period before taxes | 9903 | €1,149,564 | €272,635 | -€876,929 | -76.3% |
| Profit (loss) for the period | 9904 | €1,149,564 | €272,635 | -€876,929 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,149,564 | €272,635 | -€876,929 | -76.3% |
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 9 October 2026 via checked.be.