2punch: 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.
2punch
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Receivables within one year -€36,029
down €36,029 (-49.5%), from €72,782 to €36,753
of which Trade receivables: -€26,225
- Cash -€25,930
down €25,930 (-38.8%), from €66,914 to €40,984
mainly Other debts (-€261,395) and Tax, wage and social debts (-€49,354)
- Other debts -€261,395
down €261,395 (-72.8%), from €359,254 to €97,859
- Tax, wage and social debts -€49,354
down €49,354 (-69.6%), from €70,931 to €21,577
- Profit (loss) carried forward -€5,238
down €5,238 (-13.5%), from €38,716 to €33,477
- Gross operating margin -€45,128
down €45,128 (-81.7%), from €55,258 to €10,130
- Taxes -€7,444
down €7,444 (-64.2%), from €11,597 to €4,154
- Financial income -€6,702
down €6,702 (-82.3%), from €8,141 to €1,439
- Depreciation -€615
down €615 (-5.0%), from €12,262 to €11,647
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 | €475,772 | €159,917 | -€315,855 | -66.4% |
| Fixed assets | 21/28 | €59,151 | €57,755 | -€1,396 | -2.4% |
| Tangible fixed assets | 22/27 | €58,966 | €57,755 | -€1,211 | -2.1% |
| Furniture and vehicles | 24 | €18,429 | €23,562 | +€5,133 | +27.9% |
| Other tangible fixed assets | 26 | €40,537 | €34,193 | -€6,344 | -15.6% |
| Financial fixed assets | 28 | €185 | €0 | -€185 | -100% |
| Current assets | 29/58 | €416,621 | €102,162 | -€314,459 | -75.5% |
| Amounts receivable within one year | 40/41 | €72,782 | €36,753 | -€36,029 | -49.5% |
| Trade receivables | 40 | €47,971 | €21,746 | -€26,225 | -54.7% |
| Other amounts receivable | 41 | €24,811 | €15,007 | -€9,804 | -39.5% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €66,914 | €40,984 | -€25,930 | -38.8% |
| Deferred charges and accrued income | 490/1 | €26,925 | €24,425 | -€2,500 | -9.3% |
| Total equity and liabilities | 10/49 | €475,772 | €159,917 | -€315,855 | -66.4% |
| Equity | 10/15 | €44,716 | €39,477 | -€5,238 | -11.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,716 | €33,477 | -€5,238 | -13.5% |
| Amounts payable | 17/49 | €431,056 | €120,439 | -€310,617 | -72.1% |
| Amounts payable within one year | 42/48 | €430,556 | €119,939 | -€310,617 | -72.1% |
| Trade debts | 44 | €371 | €503 | +€133 | +35.8% |
| Suppliers | 440/4 | €371 | €503 | +€133 | +35.8% |
| Taxes, remuneration and social security | 45 | €70,931 | €21,577 | -€49,354 | -69.6% |
| Taxes | 450/3 | €70,931 | €21,577 | -€49,354 | -69.6% |
| Other amounts payable | 47/48 | €359,254 | €97,859 | -€261,395 | -72.8% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,262 | €11,647 | -€615 | -5.0% |
| Other operating charges | 640/8 | €581 | €649 | +€69 | +11.9% |
| Gross operating margin | 9900 | €55,258 | €10,130 | -€45,128 | -81.7% |
| Operating profit (loss) | 9901 | €42,416 | -€2,166 | -€44,582 | |
| Financial income | 75/76B | €8,141 | €1,439 | -€6,702 | -82.3% |
| Recurring financial income | 75 | €8,141 | €1,439 | -€6,702 | -82.3% |
| Financial charges | 65/66B | €244 | €358 | +€114 | +46.6% |
| Recurring financial charges | 65 | €244 | €358 | +€114 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | €50,313 | -€1,085 | -€51,397 | |
| Income taxes | 67/77 | €11,597 | €4,154 | -€7,444 | -64.2% |
| Profit (loss) for the period | 9904 | €38,716 | -€5,238 | -€43,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,716 | -€5,238 | -€43,954 |
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 19 October 2026 via checked.be.