AdminPulse: what changed
What changed
AdminPulse
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.2m+€334,212
Equity
€3.5m
2024 · €1.9m+€1.6m
Cash
€7.3m
2024 · €5.2m+€2.1m
Balance sheet total
€8.1m
2024 · €6.3m+€1.9m
Largest movements
Assets
- Cash +€2.1m
up €2.1m (+40.6%), from €5.2m to €7.3m
mainly Net result for the year (+€1.6m) and Receivables within one year (+€324,078)
- Receivables within one year -€324,078
down €324,078 (-33.1%), from €979,696 to €655,618
Equity and liabilities
- Profit (loss) carried forward +€1.6m
up €1.6m (+817%), from €190,863 to €1.8m
- Accrued charges and deferred income +€285,949
up €285,949 (+7.7%), from €3.7m to €4.0m
- Tax, wage and social debts +€99,429
up €99,429 (+29.2%), from €341,072 to €440,501
of which Remuneration and social security: +€55,092
Income statement
- Gross operating margin +€1.3m
up €1.3m (+38.5%), from €3.4m to €4.6m
- Staff costs +€496,414
up €496,414 (+24.1%), from €2.1m to €2.6m
- Taxes +€465,008
up €465,008 (+509%), from €91,316 to €556,324
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.
Result 2024
€1.2m
Gross operating margin
+€1.3m
Staff costs
-€496,414
Depreciation
-€1,855
Write-downs
-€1,386
Other operating charges
-€4,819
Other operating items
+€225
Financial income
+€14,988
Financial charges
-€5,009
Taxes
-€465,008
Result 2025
€1.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.1m
Investment
-€8,226
Financing
€0
Cash 2024
€5.2m
From operations (derived)
+€2.1m
Net result for the year
+€1.6m
Depreciation
+€10,178
Receivables within one year
+€324,078
Deferred charges and accrued income
-€55,553
Trade debts
-€72,883
Tax, wage and social debts
+€99,429
Other debts
-€20,835
Accrued charges and deferred income
+€285,949
Investment (derived)
-€8,226
Investment in fixed assets (net)
-€8,226
Cash 2025
€7.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,277,609 | €8,128,601 | +€1.9m | +29.5% |
| Fixed assets | 21/28 | €27,942 | €25,989 | -€1,952 | -7.0% |
| Tangible fixed assets | 22/27 | €27,942 | €25,989 | -€1,952 | -7.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €27,942 | €25,989 | -€1,952 | -7.0% |
| Current assets | 29/58 | €6,249,667 | €8,102,612 | +€1.9m | +29.6% |
| Amounts receivable within one year | 40/41 | €979,696 | €655,618 | -€324,078 | -33.1% |
| Trade receivables | 40 | €979,696 | €655,618 | -€324,078 | -33.1% |
| Cash at bank and in hand | 54/58 | €5,222,847 | €7,344,316 | +€2.1m | +40.6% |
| Deferred charges and accrued income | 490/1 | €47,125 | €102,678 | +€55,553 | +118% |
| Total equity and liabilities | 10/49 | €6,277,609 | €8,128,601 | +€1.9m | +29.5% |
| Equity | 10/15 | €1,936,935 | €3,496,268 | +€1.6m | +80.5% |
| Contributions | 10/11 | €1,679,872 | €1,679,872 | = | 0.0% |
| Reserves | 13 | €66,200 | €66,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,200 | €51,200 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,863 | €1,750,196 | +€1.6m | +817% |
| Amounts payable | 17/49 | €4,340,674 | €4,632,334 | +€291,659 | +6.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €622,402 | €628,113 | +€5,711 | +0.9% |
| Trade debts | 44 | €260,495 | €187,612 | -€72,883 | -28.0% |
| Suppliers | 440/4 | €260,495 | €187,612 | -€72,883 | -28.0% |
| Taxes, remuneration and social security | 45 | €341,072 | €440,501 | +€99,429 | +29.2% |
| Taxes | 450/3 | €140,245 | €184,582 | +€44,337 | +31.6% |
| Remuneration and social security | 454/9 | €200,827 | €255,919 | +€55,092 | +27.4% |
| Other amounts payable | 47/48 | €20,835 | €0 | -€20,835 | -100% |
| Accrued charges and deferred income | 492/3 | €3,718,272 | €4,004,221 | +€285,949 | +7.7% |
| Non-recurring operating income | 76A | €4,644 | €600 | -€4,044 | -87.1% |
| Remuneration, social security and pensions | 62 | €2,062,322 | €2,558,736 | +€496,414 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,323 | €10,178 | +€1,855 | +22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,900 | €10,286 | +€1,386 | +15.6% |
| Other operating charges | 640/8 | €3,579 | €8,398 | +€4,819 | +135% |
| Non-recurring operating charges | 66A | €225 | €0 | -€225 | -100% |
| Gross operating margin | 9900 | €3,355,644 | €4,649,134 | +€1.3m | +38.5% |
| Operating profit (loss) | 9901 | €1,272,295 | €2,061,536 | +€789,240 | +62.0% |
| Financial income | 75/76B | €62,454 | €77,442 | +€14,988 | +24.0% |
| Recurring financial income | 75 | €62,454 | €77,442 | +€14,988 | +24.0% |
| Financial charges | 65/66B | €18,312 | €23,321 | +€5,009 | +27.4% |
| Recurring financial charges | 65 | €18,312 | €23,321 | +€5,009 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €1,316,437 | €2,115,657 | +€799,219 | +60.7% |
| Income taxes | 67/77 | €91,316 | €556,324 | +€465,008 | +509% |
| Profit (loss) for the period | 9904 | €1,225,121 | €1,559,333 | +€334,212 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,225,121 | €1,559,333 | +€334,212 | +27.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.