PUAR: 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.
PUAR
Largest movements
- Receivables within one year +€120,035
up €120,035 (+477.2%), from €25,152 to €145,187
of which Trade receivables: +€122,438
- Stocks and contracts +€3,725
up €3,725 (+12.6%), from €29,650 to €33,376
- Tangible fixed assets +€2,544
up €2,544 (+271.8%), from €936 to €3,480
of which Furniture and vehicles: +€2,339
- Intangible fixed assets -€2,189
down €2,189 (-12.9%), from €16,969 to €14,781
- Trade debts +€103,346
up €103,346 (+615.5%), from €16,790 to €120,136
- Other debts +€42,203
up €42,203 (+218.2%), from €19,340 to €61,543
- Tax, wage and social debts -€20,766
down €20,766 (-64.2%), from €32,359 to €11,593
of which Remuneration and social security: -€20,682
- Turnover +€178,168
up €178,168 (+40.9%), from €435,273 to €613,441
- Purchases and services +€138,949
up €138,949 (+31.9%), from €435,273 to €574,222
- Gross operating margin +€16,773
up €16,773 (+74.7%), from €22,446 to €39,219
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,065 | €203,628 | +€126,563 | +164.2% |
| Fixed assets | 21/28 | €18,005 | €18,861 | +€855 | +4.8% |
| Intangible fixed assets | 21 | €16,969 | €14,781 | -€2,189 | -12.9% |
| Tangible fixed assets | 22/27 | €936 | €3,480 | +€2,544 | +271.8% |
| Plant, machinery and equipment | 23 | €936 | €533 | -€403 | -43.1% |
| Furniture and vehicles | 24 | - | €2,339 | +€2,339 | |
| Other tangible fixed assets | 26 | - | €609 | +€609 | |
| Financial fixed assets | 28 | €100 | €600 | +€500 | +500.0% |
| Current assets | 29/58 | €59,060 | €184,768 | +€125,708 | +212.8% |
| Stocks and contracts in progress | 3 | €29,650 | €33,376 | +€3,725 | +12.6% |
| Stocks | 30/36 | €29,650 | €33,376 | +€3,725 | +12.6% |
| Amounts receivable within one year | 40/41 | €25,152 | €145,187 | +€120,035 | +477.2% |
| Trade receivables | 40 | €8,632 | €131,070 | +€122,438 | +1418.4% |
| Other amounts receivable | 41 | €16,520 | €14,117 | -€2,403 | -14.5% |
| Cash at bank and in hand | 54/58 | €4,143 | €4,105 | -€37 | -0.9% |
| Deferred charges and accrued income | 490/1 | €115 | €2,100 | +€1,985 | +1722.9% |
| Total equity and liabilities | 10/49 | €77,065 | €203,628 | +€126,563 | +164.2% |
| Equity | 10/15 | -€31,424 | -€29,644 | +€1,780 | +5.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,424 | -€39,644 | +€1,780 | +4.3% |
| Provisions and deferred taxes | 16 | €40,000 | €40,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €68,489 | €193,272 | +€124,783 | +182.2% |
| Amounts payable within one year | 42/48 | €68,489 | €193,272 | +€124,783 | +182.2% |
| Trade debts | 44 | €16,790 | €120,136 | +€103,346 | +615.5% |
| Suppliers | 440/4 | €16,790 | €120,136 | +€103,346 | +615.5% |
| Taxes, remuneration and social security | 45 | €32,359 | €11,593 | -€20,766 | -64.2% |
| Taxes | 450/3 | €482 | €398 | -€85 | -17.6% |
| Remuneration and social security | 454/9 | €31,877 | €11,195 | -€20,682 | -64.9% |
| Other amounts payable | 47/48 | €19,340 | €61,543 | +€42,203 | +218.2% |
| Turnover | 70 | €435,273 | €613,441 | +€178,168 | +40.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €435,273 | €574,222 | +€138,949 | +31.9% |
| Remuneration, social security and pensions | 62 | €29,357 | €32,205 | +€2,847 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,592 | €3,674 | +€1,083 | +41.8% |
| Other operating charges | 640/8 | €1,348 | €1,336 | -€11 | -0.9% |
| Gross operating margin | 9900 | €22,446 | €39,219 | +€16,773 | +74.7% |
| Operating profit (loss) | 9901 | -€10,851 | €2,004 | +€12,855 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €210 | €170 | -€40 | -19.1% |
| Recurring financial charges | 65 | €210 | €170 | -€40 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,051 | €1,834 | +€12,885 | |
| Income taxes | 67/77 | - | €54 | +€54 | |
| Profit (loss) for the period | 9904 | -€11,051 | €1,780 | +€12,831 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,051 | €1,780 | +€12,831 |
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 29 September 2026 via checked.be.