PULVI: 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.
PULVI
Largest movements
- Receivables within one year -€94,980
down €94,980 (-35.8%), from €265,666 to €170,686
of which Other amounts receivable: -€75,844
- Cash +€19,521
up €19,521 (+16.9%), from €115,498 to €135,019
mainly Receivables within one year (+€94,980) and Net result for the year (+€36,249)
- Intangible fixed assets -€6,560
down €6,560 (-55.6%), from €11,796 to €5,237
- Tangible fixed assets +€6,534
up €6,534 (+2,211%), from €295 to €6,830
- Trade debts -€86,647
down €86,647 (-63.7%), from €135,948 to €49,301
- Profit (loss) carried forward +€36,249
up €36,249 (+20.2%), from €179,121 to €215,371
- Tax, wage and social debts -€16,272
down €16,272 (-55.6%), from €29,277 to €13,005
- Other debts -€9,994
down €9,994 (-14.9%), from €67,167 to €57,172
- Gross operating margin +€18,624
up €18,624 (+52.9%), from €35,226 to €53,850
- Taxes +€6,995
up €6,995 (+233%), from €3,000 to €9,995
- Depreciation -€829
down €829 (-11.1%), from €7,449 to €6,621
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €418,113 | €341,449 | -€76,664 | -18.3% |
| Fixed assets | 21/28 | €12,092 | €12,066 | -€26 | -0.2% |
| Intangible fixed assets | 21 | €11,796 | €5,237 | -€6,560 | -55.6% |
| Tangible fixed assets | 22/27 | €295 | €6,830 | +€6,534 | +2,211% |
| Plant, machinery and equipment | 23 | €295 | €6,830 | +€6,534 | +2,211% |
| Current assets | 29/58 | €406,021 | €329,383 | -€76,638 | -18.9% |
| Stocks and contracts in progress | 3 | €22,863 | €21,621 | -€1,242 | -5.4% |
| Stocks | 30/36 | €22,863 | €21,621 | -€1,242 | -5.4% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €265,666 | €170,686 | -€94,980 | -35.8% |
| Trade receivables | 40 | €181,402 | €162,267 | -€19,135 | -10.5% |
| Other amounts receivable | 41 | €84,264 | €8,419 | -€75,844 | -90.0% |
| Cash at bank and in hand | 54/58 | €115,498 | €135,019 | +€19,521 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,994 | €2,057 | +€63 | +3.2% |
| Total equity and liabilities | 10/49 | €418,113 | €341,449 | -€76,664 | -18.3% |
| Equity | 10/15 | €185,721 | €221,971 | +€36,249 | +19.5% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Uncalled capital | 101 | €0 | - | = | |
| Contributions outside capital | 11 | €6,600 | - | -€6,600 | |
| Other | 1109/19 | €6,600 | - | -€6,600 | |
| Profit (loss) carried forward | 14 | €179,121 | €215,371 | +€36,249 | +20.2% |
| Amounts payable | 17/49 | €232,392 | €119,479 | -€112,913 | -48.6% |
| Amounts payable within one year | 42/48 | €232,392 | €119,479 | -€112,913 | -48.6% |
| Trade debts | 44 | €135,948 | €49,301 | -€86,647 | -63.7% |
| Suppliers | 440/4 | €135,948 | €49,301 | -€86,647 | -63.7% |
| Taxes, remuneration and social security | 45 | €29,277 | €13,005 | -€16,272 | -55.6% |
| Taxes | 450/3 | €29,277 | €13,005 | -€16,272 | -55.6% |
| Other amounts payable | 47/48 | €67,167 | €57,172 | -€9,994 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,449 | €6,621 | -€829 | -11.1% |
| Other operating charges | 640/8 | €859 | €479 | -€379 | -44.2% |
| Gross operating margin | 9900 | €35,226 | €53,850 | +€18,624 | +52.9% |
| Operating profit (loss) | 9901 | €26,918 | €46,750 | +€19,832 | +73.7% |
| Financial charges | 65/66B | €182 | €506 | +€324 | +178% |
| Recurring financial charges | 65 | €182 | €506 | +€324 | +178% |
| Profit (loss) for the period before taxes | 9903 | €26,736 | €46,244 | +€19,508 | +73.0% |
| Income taxes | 67/77 | €3,000 | €9,995 | +€6,995 | +233% |
| Profit (loss) for the period | 9904 | €23,736 | €36,249 | +€12,513 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,736 | €36,249 | +€12,513 | +52.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.