PUGLIESE: 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.
PUGLIESE
Largest movements
- Cash +€66,735
up €66,735 (+190.1%), from €35,112 to €101,847
mainly Net result for the year (+€58,614) and Receivables within one year (+€13,399)
- Receivables within one year -€13,399
down €13,399 (-37.9%), from €35,323 to €21,924
of which Other amounts receivable: -€16,005
- Tangible fixed assets -€10,622
down €10,622 (-24.9%), from €42,625 to €32,004
of which Leasing and similar rights: -€9,126
- Profit (loss) carried forward +€43,980
up €43,980 (+64.0%), from €68,712 to €112,692
- Other debts +€11,782
up €11,782 (+413.1%), from €2,852 to €14,634
- Debts after one year -€6,837
down €6,837 (-28.1%), from €24,363 to €17,527
- Trade debts -€3,706
down €3,706 (-75.0%), from €4,945 to €1,239
- Tax, wage and social debts -€2,832
down €2,832 (-73.4%), from €3,857 to €1,025
of which Remuneration and social security: -€2,800
- Gross operating margin +€79,221
up €79,221 (+971.6%), from €8,153 to €87,375
- Taxes +€13,835
up €13,835 (+4327.2%), from €320 to €14,155
- Depreciation +€2,150
up €2,150 (+25.4%), from €8,471 to €10,622
- Other operating charges -€1,593
down €1,593 (-35.3%), from €4,515 to €2,921
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 | €113,320 | €155,952 | +€42,632 | +37.6% |
| Fixed assets | 21/28 | €42,625 | €32,004 | -€10,622 | -24.9% |
| Tangible fixed assets | 22/27 | €42,625 | €32,004 | -€10,622 | -24.9% |
| Furniture and vehicles | 24 | €3,969 | €2,474 | -€1,495 | -37.7% |
| Leasing and similar rights | 25 | €38,656 | €29,530 | -€9,126 | -23.6% |
| Current assets | 29/58 | €70,695 | €123,949 | +€53,254 | +75.3% |
| Amounts receivable within one year | 40/41 | €35,323 | €21,924 | -€13,399 | -37.9% |
| Trade receivables | 40 | €13,095 | €15,701 | +€2,606 | +19.9% |
| Other amounts receivable | 41 | €22,228 | €6,223 | -€16,005 | -72.0% |
| Cash at bank and in hand | 54/58 | €35,112 | €101,847 | +€66,735 | +190.1% |
| Deferred charges and accrued income | 490/1 | €260 | €178 | -€82 | -31.7% |
| Total equity and liabilities | 10/49 | €113,320 | €155,952 | +€42,632 | +37.6% |
| Equity | 10/15 | €70,712 | €114,692 | +€43,980 | +62.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,712 | €112,692 | +€43,980 | +64.0% |
| Amounts payable | 17/49 | €42,608 | €41,261 | -€1,347 | -3.2% |
| Amounts payable after more than one year | 17 | €24,363 | €17,527 | -€6,837 | -28.1% |
| Financial debts | 170/4 | €24,363 | €17,527 | -€6,837 | -28.1% |
| Amounts payable within one year | 42/48 | €18,245 | €23,734 | +€5,489 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €6,591 | €6,837 | +€246 | +3.7% |
| Trade debts | 44 | €4,945 | €1,239 | -€3,706 | -75.0% |
| Suppliers | 440/4 | €4,945 | €1,239 | -€3,706 | -75.0% |
| Taxes, remuneration and social security | 45 | €3,857 | €1,025 | -€2,832 | -73.4% |
| Taxes | 450/3 | €1,057 | €1,025 | -€32 | -3.1% |
| Remuneration and social security | 454/9 | €2,800 | - | -€2,800 | |
| Other amounts payable | 47/48 | €2,852 | €14,634 | +€11,782 | +413.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,471 | €10,622 | +€2,150 | +25.4% |
| Other operating charges | 640/8 | €4,515 | €2,921 | -€1,593 | -35.3% |
| Gross operating margin | 9900 | €8,153 | €87,375 | +€79,221 | +971.6% |
| Operating profit (loss) | 9901 | -€4,833 | €73,832 | +€78,664 | |
| Financial income | 75/76B | €147 | €174 | +€27 | +18.3% |
| Recurring financial income | 75 | €147 | €174 | +€27 | +18.3% |
| Financial charges | 65/66B | €1,540 | €1,237 | -€303 | -19.7% |
| Recurring financial charges | 65 | €1,540 | €1,237 | -€303 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,226 | €72,769 | +€78,994 | |
| Income taxes | 67/77 | €320 | €14,155 | +€13,835 | +4327.2% |
| Profit (loss) for the period | 9904 | -€6,545 | €58,614 | +€65,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,545 | €58,614 | +€65,159 |
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 6 October 2026 via checked.be.