PULVIVER: 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.
What changed
PULVIVER
NACE 46.389, Wholesale of other food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,316
2024 · €36,753-€35,437
Equity
€2.7m
2024 · €2.7m+€1,316
Cash
€191,161
2024 · €269,260-€78,099
Balance sheet total
€7.0m
2024 · €8.0m-€1.0m
Largest movements
Assets
- Stocks and contracts -€856,387
down €856,387 (-19.0%), from €4.5m to €3.7m
- Tangible fixed assets -€192,022
down €192,022 (-22.5%), from €853,201 to €661,180
of which Land and buildings: -€115,708
- Receivables within one year +€130,096
up €130,096 (+6.2%), from €2.1m to €2.2m
of which Trade receivables: +€139,072
Equity and liabilities
- Trade debts -€671,583
down €671,583 (-49.1%), from €1.4m to €695,335
- Advances received -€139,166
down €139,166 (-83.0%), from €167,745 to €28,579
Income statement
- Turnover +€1.9m
up €1.9m (+15.2%), from €12.8m to €14.7m
- Goods and materials +€1.8m
up €1.8m (+21.2%), from €8.5m to €10.4m
of which Purchases: +€1.6m
- Services and other goods -€150,600
down €150,600 (-5.6%), from €2.7m to €2.5m
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.
Result 2024
€36,753
Turnover
+€1.9m
Other operating income
-€118,050
Goods and materials
-€1.8m
Services and other goods
+€150,600
Staff costs
-€9,329
Depreciation
+€7,627
Other operating charges
-€27,205
Other operating items
-€276,895
Financial income
+€3,028
Financial charges
+€84,725
Taxes
+€13,256
Result 2025
€1,316
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.
From operations
+€60,526
Investment
-€51,175
Financing
-€87,450
Cash 2024
€269,260
From operations (derived)
+€60,526
Net result for the year
+€1,316
Depreciation
+€244,128
Stocks and contracts
+€856,387
Receivables within one year
-€130,096
Deferred charges and accrued income
+€7,086
Trade debts
-€671,583
Tax, wage and social debts
-€60,513
Advances received
-€139,166
Accrued charges and deferred income
-€47,033
Investment (derived)
-€51,175
Investment in fixed assets (net)
-€51,175
Financing
-€87,450
Debts after one year
-€47,064
Current portion of long-term debt
-€46,664
Short-term financial debts
+€6,278
Cash 2025
€191,161
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,000,126 | €6,995,697 | -€1.0m | -12.6% |
| Fixed assets | 21/28 | €1,072,579 | €879,627 | -€192,952 | -18.0% |
| Intangible fixed assets | 21 | €204,828 | €205,348 | +€520 | +0.3% |
| Tangible fixed assets | 22/27 | €853,201 | €661,180 | -€192,022 | -22.5% |
| Land and buildings | 22 | €697,094 | €581,385 | -€115,708 | -16.6% |
| Plant, machinery and equipment | 23 | €139,108 | €69,127 | -€69,982 | -50.3% |
| Furniture and vehicles | 24 | €16,999 | €10,668 | -€6,331 | -37.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €14,550 | €13,099 | -€1,451 | -10.0% |
| Affiliated companies | 280/1 | €75 | €75 | = | 0.0% |
| Participating interests | 280 | €75 | €75 | = | 0.0% |
| Other financial fixed assets | 284/8 | €14,475 | €13,024 | -€1,451 | -10.0% |
| Amounts receivable and cash guarantees | 285/8 | €14,475 | €13,024 | -€1,451 | -10.0% |
| Current assets | 29/58 | €6,927,547 | €6,116,070 | -€811,477 | -11.7% |
| Stocks and contracts in progress | 3 | €4,518,561 | €3,662,173 | -€856,387 | -19.0% |
| Stocks | 30/36 | €4,518,561 | €3,662,173 | -€856,387 | -19.0% |
| Raw materials and consumables | 30/31 | €114,825 | €105,638 | -€9,187 | -8.0% |
| Finished goods | 33 | €3,806,990 | €3,090,745 | -€716,246 | -18.8% |
| Goods purchased for resale | 34 | €596,746 | €465,791 | -€130,955 | -21.9% |
| Amounts receivable within one year | 40/41 | €2,102,336 | €2,232,432 | +€130,096 | +6.2% |
| Trade receivables | 40 | €1,362,111 | €1,501,183 | +€139,072 | +10.2% |
| Other amounts receivable | 41 | €740,226 | €731,249 | -€8,976 | -1.2% |
| Cash at bank and in hand | 54/58 | €269,260 | €191,161 | -€78,099 | -29.0% |
| Deferred charges and accrued income | 490/1 | €37,390 | €30,304 | -€7,086 | -19.0% |
| Total equity and liabilities | 10/49 | €8,000,126 | €6,995,697 | -€1.0m | -12.6% |
| Equity | 10/15 | €2,728,762 | €2,730,078 | +€1,316 | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,673,762 | €2,675,078 | +€1,316 | 0.0% |
| Amounts payable | 17/49 | €5,271,365 | €4,265,619 | -€1.0m | -19.1% |
| Amounts payable after more than one year | 17 | €145,026 | €97,962 | -€47,064 | -32.5% |
| Financial debts | 170/4 | €145,026 | €97,962 | -€47,064 | -32.5% |
| Credit institutions | 173 | €145,026 | €97,962 | -€47,064 | -32.5% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €5,049,207 | €4,137,558 | -€911,648 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €93,728 | €47,064 | -€46,664 | -49.8% |
| Financial debts | 43 | €3,040,800 | €3,047,079 | +€6,278 | +0.2% |
| Credit institutions | 430/8 | €3,040,800 | €3,047,079 | +€6,278 | +0.2% |
| Trade debts | 44 | €1,366,918 | €695,335 | -€671,583 | -49.1% |
| Suppliers | 440/4 | €1,366,918 | €695,335 | -€671,583 | -49.1% |
| Advances received on contracts in progress | 46 | €167,745 | €28,579 | -€139,166 | -83.0% |
| Taxes, remuneration and social security | 45 | €210,016 | €149,502 | -€60,513 | -28.8% |
| Taxes | 450/3 | €105,836 | €45,670 | -€60,165 | -56.8% |
| Remuneration and social security | 454/9 | €104,180 | €103,832 | -€348 | -0.3% |
| Other amounts payable | 47/48 | €170,000 | €170,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €77,132 | €30,099 | -€47,033 | -61.0% |
| Operating income | 70/76A | €12,528,269 | €14,074,726 | +€1.5m | +12.3% |
| Turnover | 70 | €12,767,223 | €14,712,857 | +€1.9m | +15.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€432,647 | -€716,246 | -€283,599 | -65.5% |
| Other operating income | 74 | €193,693 | €75,643 | -€118,050 | -60.9% |
| Non-recurring operating income | 76A | - | €2,472 | +€2,472 | |
| Operating charges | 60/66A | €12,257,082 | €13,939,986 | +€1.7m | +13.7% |
| Goods for resale, raw materials and consumables | 60 | €8,541,335 | €10,350,165 | +€1.8m | +21.2% |
| Purchases | 600/8 | €8,634,163 | €10,210,023 | +€1.6m | +18.3% |
| Change in stocks: decrease (increase) | 609 | -€92,828 | €140,142 | +€232,970 | |
| Services and other goods | 61 | €2,684,252 | €2,533,652 | -€150,600 | -5.6% |
| Remuneration, social security and pensions | 62 | €738,238 | €747,567 | +€9,329 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,755 | €244,128 | -€7,627 | -3.0% |
| Other operating charges | 640/8 | €37,270 | €64,475 | +€27,205 | +73.0% |
| Non-recurring operating charges | 66A | €4,232 | €0 | -€4,232 | -100.0% |
| Operating profit (loss) | 9901 | €271,186 | €134,740 | -€136,447 | -50.3% |
| Financial income | 75/76B | €16,332 | €19,361 | +€3,028 | +18.5% |
| Recurring financial income | 75 | €16,332 | €19,361 | +€3,028 | +18.5% |
| Income from current assets | 751 | €15,400 | €18,500 | +€3,100 | +20.1% |
| Other financial income | 752/9 | €932 | €861 | -€72 | -7.7% |
| Financial charges | 65/66B | €230,682 | €145,957 | -€84,725 | -36.7% |
| Recurring financial charges | 65 | €230,682 | €145,957 | -€84,725 | -36.7% |
| Debt charges | 650 | €209,349 | €120,733 | -€88,616 | -42.3% |
| Other financial charges | 652/9 | €21,333 | €25,224 | +€3,891 | +18.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €56,837 | €8,144 | -€48,693 | -85.7% |
| Income taxes | 67/77 | €20,083 | €6,827 | -€13,256 | -66.0% |
| Taxes | 670/3 | €20,083 | €6,827 | -€13,256 | -66.0% |
| Profit (loss) for the period | 9904 | €36,753 | €1,316 | -€35,437 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,753 | €1,316 | -€35,437 | -96.4% |
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 8 October 2026 via checked.be.