PUELI: 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.
PUELI
Largest movements
- Cash -€4,391
down €4,391 (-16.7%), from €26,284 to €21,893
mainly Net result for the year (-€9,710) and Other debts (-€938)
- Tangible fixed assets -€3,389
down €3,389 (-23.3%), from €14,517 to €11,128
of which Furniture and vehicles: -€2,386
- Deferred charges and accrued income -€775
down €775 (-95.9%), from €808 to €34
- Profit (loss) carried forward -€9,710
down €9,710 (-19.2%), from -€50,629 to -€60,339
- Trade debts +€2,142
up €2,142 (+923.0%), from €232 to €2,374
- Other debts -€938
down €938 (-48.7%), from €1,926 to €987
- Turnover -€26,827
no longer reported in 2025 (was €26,827)
- Purchases and services -€21,094
no longer reported in 2025 (was €21,094)
- Gross operating margin -€11,337
down €11,337, from €5,734 to -€5,603
- Depreciation -€2,009
down €2,009 (-37.2%), from €5,398 to €3,389
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 | €41,609 | €33,055 | -€8,555 | -20.6% |
| Fixed assets | 21/28 | €14,517 | €11,128 | -€3,389 | -23.3% |
| Tangible fixed assets | 22/27 | €14,517 | €11,128 | -€3,389 | -23.3% |
| Land and buildings | 22 | €9,795 | €8,957 | -€838 | -8.6% |
| Plant, machinery and equipment | 23 | €481 | €316 | -€165 | -34.3% |
| Furniture and vehicles | 24 | €4,241 | €1,855 | -€2,386 | -56.3% |
| Current assets | 29/58 | €27,093 | €21,927 | -€5,166 | -19.1% |
| Cash at bank and in hand | 54/58 | €26,284 | €21,893 | -€4,391 | -16.7% |
| Deferred charges and accrued income | 490/1 | €808 | €34 | -€775 | -95.9% |
| Total equity and liabilities | 10/49 | €41,609 | €33,055 | -€8,555 | -20.6% |
| Equity | 10/15 | €39,372 | €29,661 | -€9,710 | -24.7% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,629 | -€60,339 | -€9,710 | -19.2% |
| Amounts payable | 17/49 | €2,238 | €3,393 | +€1,155 | +51.6% |
| Amounts payable within one year | 42/48 | €2,238 | €3,393 | +€1,155 | +51.6% |
| Trade debts | 44 | €232 | €2,374 | +€2,142 | +923.0% |
| Suppliers | 440/4 | €232 | €2,374 | +€2,142 | +923.0% |
| Taxes, remuneration and social security | 45 | €80 | €32 | -€48 | -60.0% |
| Taxes | 450/3 | €80 | €32 | -€48 | -60.0% |
| Other amounts payable | 47/48 | €1,926 | €987 | -€938 | -48.7% |
| Turnover | 70 | €26,827 | - | -€26,827 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,094 | - | -€21,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,398 | €3,389 | -€2,009 | -37.2% |
| Other operating charges | 640/8 | €401 | €536 | +€134 | +33.5% |
| Gross operating margin | 9900 | €5,734 | -€5,603 | -€11,337 | |
| Operating profit (loss) | 9901 | -€65 | -€9,528 | -€9,463 | -14533.5% |
| Financial charges | 65/66B | €71 | €182 | +€111 | +156.6% |
| Recurring financial charges | 65 | €71 | €182 | +€111 | +156.6% |
| Profit (loss) for the period before taxes | 9903 | -€136 | -€9,710 | -€9,574 | -7034.0% |
| Income taxes | 67/77 | €80 | - | -€80 | |
| Profit (loss) for the period | 9904 | -€216 | -€9,710 | -€9,494 | -4385.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€216 | -€9,710 | -€9,494 | -4385.4% |
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 10 October 2026 via checked.be.