Pulver: 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.
Pulver
Largest movements
- Financial fixed assets -€524,933
down €524,933 (-100.0%), from €524,933 to €0
- Receivables within one year +€201,750
up €201,750 (+4549.7%), from €4,434 to €206,185
- Other debts -€523,011
down €523,011 (-77.7%), from €673,011 to €150,000
- Profit (loss) carried forward +€172,478
up €172,478, from -€172,478 to €0
- Reserves +€24,831
new in 2025: €24,831
- Gross operating margin +€211,905
up €211,905 (+146.3%), from €144,816 to €356,721
- Financial charges +€6,535
up €6,535 (+4393.7%), from €149 to €6,684
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 | €529,402 | €206,224 | -€323,178 | -61.0% |
| Fixed assets | 21/28 | €524,933 | €0 | -€524,933 | -100.0% |
| Financial fixed assets | 28 | €524,933 | €0 | -€524,933 | -100.0% |
| Current assets | 29/58 | €4,469 | €206,224 | +€201,755 | +4515.0% |
| Amounts receivable within one year | 40/41 | €4,434 | €206,185 | +€201,750 | +4549.7% |
| Other amounts receivable | 41 | €4,434 | €206,185 | +€201,750 | +4549.7% |
| Cash at bank and in hand | 54/58 | €34 | €39 | +€5 | +14.6% |
| Total equity and liabilities | 10/49 | €529,402 | €206,224 | -€323,178 | -61.0% |
| Equity | 10/15 | -€147,478 | €49,831 | +€197,310 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €24,831 | +€24,831 | |
| Distributable reserves | 133 | - | €24,831 | +€24,831 | |
| Profit (loss) carried forward | 14 | -€172,478 | €0 | +€172,478 | |
| Amounts payable | 17/49 | €676,880 | €156,392 | -€520,487 | -76.9% |
| Amounts payable within one year | 42/48 | €676,880 | €156,392 | -€520,487 | -76.9% |
| Trade debts | 44 | €3,869 | €3,909 | +€40 | +1.0% |
| Suppliers | 440/4 | €3,869 | €3,909 | +€40 | +1.0% |
| Taxes, remuneration and social security | 45 | - | €2,483 | +€2,483 | |
| Taxes | 450/3 | - | €2,483 | +€2,483 | |
| Other amounts payable | 47/48 | €673,011 | €150,000 | -€523,011 | -77.7% |
| Other operating charges | 640/8 | €241 | €244 | +€4 | +1.5% |
| Gross operating margin | 9900 | €144,816 | €356,721 | +€211,905 | +146.3% |
| Operating profit (loss) | 9901 | €144,575 | €356,477 | +€211,902 | +146.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €149 | €6,684 | +€6,535 | +4393.7% |
| Recurring financial charges | 65 | €149 | €6,684 | +€6,535 | +4393.7% |
| Profit (loss) for the period before taxes | 9903 | €144,426 | €349,793 | +€205,367 | +142.2% |
| Income taxes | 67/77 | - | €2,483 | +€2,483 | |
| Profit (loss) for the period | 9904 | €144,426 | €347,310 | +€202,883 | +140.5% |
| Profit (loss) for the period to be appropriated | 9905 | €144,426 | €347,310 | +€202,883 | +140.5% |
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 1 October 2026 via checked.be.