Pula: 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.
Pula
Largest movements
- Receivables within one year +€24,075
up €24,075 (+434%), from €5,544 to €29,619
of which Other amounts receivable: +€24,174
- Tangible fixed assets -€9,813
down €9,813 (-23.7%), from €41,416 to €31,603
of which Leasing and similar rights: -€10,487
- Reserves +€46,300
up €46,300 (+66.5%), from €69,600 to €115,900
- Debts after one year -€40,378
down €40,378 (-17.8%), from €226,704 to €186,326
- Tax, wage and social debts +€5,939
up €5,939 (+104%), from €5,704 to €11,643
- Gross operating margin +€38,753
up €38,753 (+73.5%), from €52,733 to €91,486
- Taxes +€15,180
up €15,180 (+162%), from €9,356 to €24,537
- Depreciation +€3,777
up €3,777 (+40.4%), from €9,355 to €13,132
- Financial income +€1,741
up €1,741 (+522%), from €333 to €2,074
- Other operating charges +€1,138
up €1,138 (+155%), from €736 to €1,874
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.
Derived cash bridge
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 | €354,598 | €368,381 | +€13,783 | +3.9% |
| Fixed assets | 21/28 | €341,416 | €331,603 | -€9,813 | -2.9% |
| Tangible fixed assets | 22/27 | €41,416 | €31,603 | -€9,813 | -23.7% |
| Land and buildings | 22 | €845 | €498 | -€347 | -41.1% |
| Plant, machinery and equipment | 23 | €5,670 | €6,189 | +€518 | +9.1% |
| Furniture and vehicles | 24 | €763 | €1,412 | +€649 | +85.0% |
| Leasing and similar rights | 25 | €33,742 | €23,255 | -€10,487 | -31.1% |
| Other tangible fixed assets | 26 | €395 | €250 | -€145 | -36.8% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €13,182 | €36,778 | +€23,596 | +179% |
| Amounts receivable within one year | 40/41 | €5,544 | €29,619 | +€24,075 | +434% |
| Trade receivables | 40 | €3,487 | €3,388 | -€99 | -2.8% |
| Other amounts receivable | 41 | €2,058 | €26,231 | +€24,174 | +1,175% |
| Cash at bank and in hand | 54/58 | €7,514 | €7,032 | -€482 | -6.4% |
| Deferred charges and accrued income | 490/1 | €124 | €126 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €354,598 | €368,381 | +€13,783 | +3.9% |
| Equity | 10/15 | €79,643 | €125,975 | +€46,332 | +58.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €69,600 | €115,900 | +€46,300 | +66.5% |
| Distributable reserves | 133 | €69,600 | €115,900 | +€46,300 | +66.5% |
| Profit (loss) carried forward | 14 | €43 | €75 | +€32 | +75.4% |
| Amounts payable | 17/49 | €274,955 | €242,406 | -€32,549 | -11.8% |
| Amounts payable after more than one year | 17 | €226,704 | €186,326 | -€40,378 | -17.8% |
| Financial debts | 170/4 | €226,704 | €186,326 | -€40,378 | -17.8% |
| Amounts payable within one year | 42/48 | €45,252 | €53,080 | +€7,829 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €39,294 | €40,378 | +€1,083 | +2.8% |
| Trade debts | 44 | €253 | €1,060 | +€806 | +319% |
| Suppliers | 440/4 | €253 | €1,060 | +€806 | +319% |
| Taxes, remuneration and social security | 45 | €5,704 | €11,643 | +€5,939 | +104% |
| Taxes | 450/3 | €5,704 | €11,643 | +€5,939 | +104% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €846 | €495 | -€351 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,355 | €13,132 | +€3,777 | +40.4% |
| Other operating charges | 640/8 | €736 | €1,874 | +€1,138 | +155% |
| Gross operating margin | 9900 | €52,733 | €91,486 | +€38,753 | +73.5% |
| Operating profit (loss) | 9901 | €41,797 | €75,986 | +€34,189 | +81.8% |
| Financial income | 75/76B | €333 | €2,074 | +€1,741 | +522% |
| Recurring financial income | 75 | €333 | €2,074 | +€1,741 | +522% |
| Financial charges | 65/66B | €7,843 | €7,191 | -€652 | -8.3% |
| Recurring financial charges | 65 | €7,843 | €7,191 | -€652 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €34,287 | €70,869 | +€36,582 | +107% |
| Income taxes | 67/77 | €9,356 | €24,537 | +€15,180 | +162% |
| Profit (loss) for the period | 9904 | €24,930 | €46,332 | +€21,402 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,930 | €46,332 | +€21,402 | +85.8% |
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 20 October 2026 via checked.be.