Dr. Puts Valère: 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.
Dr. Puts Valère
Largest movements
- Cash -€25,088
down €25,088 (-10.7%), from €235,160 to €210,072
mainly Contributions, distributions and other (-€188,000) and Smaller working-capital items (-€166)
- Reserves -€30,846
no longer reported in 2025 (was €30,846)
- Other debts +€3,894
up €3,894 (+2.1%), from €184,106 to €188,000
- Gross operating margin -€9,133
down €9,133 (-4.3%), from €214,492 to €205,359
- Taxes -€2,318
down €2,318 (-4.7%), from €49,286 to €46,968
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 | €237,298 | €212,375 | -€24,922 | -10.5% |
| Current assets | 29/58 | €237,298 | €212,375 | -€24,922 | -10.5% |
| Amounts receivable within one year | 40/41 | €1,714 | €1,754 | +€40 | +2.3% |
| Trade receivables | 40 | - | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €1,714 | €754 | -€960 | -56.0% |
| Cash at bank and in hand | 54/58 | €235,160 | €210,072 | -€25,088 | -10.7% |
| Deferred charges and accrued income | 490/1 | €424 | €550 | +€126 | +29.7% |
| Total equity and liabilities | 10/49 | €237,298 | €212,375 | -€24,922 | -10.5% |
| Equity | 10/15 | €49,446 | €18,762 | -€30,684 | -62.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,846 | - | -€30,846 | |
| Distributable reserves | 133 | €30,846 | - | -€30,846 | |
| Profit (loss) carried forward | 14 | - | €162 | +€162 | |
| Amounts payable | 17/49 | €187,852 | €193,613 | +€5,762 | +3.1% |
| Amounts payable within one year | 42/48 | €187,852 | €193,613 | +€5,762 | +3.1% |
| Trade debts | 44 | €3,745 | €5,613 | +€1,868 | +49.9% |
| Suppliers | 440/4 | €3,745 | €5,613 | +€1,868 | +49.9% |
| Other amounts payable | 47/48 | €184,106 | €188,000 | +€3,894 | +2.1% |
| Other operating charges | 640/8 | €1,010 | €1,030 | +€20 | +1.9% |
| Gross operating margin | 9900 | €214,492 | €205,359 | -€9,133 | -4.3% |
| Operating profit (loss) | 9901 | €213,482 | €204,329 | -€9,152 | -4.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.7% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €213,438 | €204,284 | -€9,154 | -4.3% |
| Income taxes | 67/77 | €49,286 | €46,968 | -€2,318 | -4.7% |
| Profit (loss) for the period | 9904 | €164,152 | €157,316 | -€6,836 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €164,152 | €157,316 | -€6,836 | -4.2% |
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 30 October 2026 via checked.be.