PUIG BELUX: 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.
What changed
PUIG BELUX
NACE 46.450, Wholesale of perfume and cosmetics
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.3m
2024 · €780,525-€2.1m
Equity
-€466,347
2024 · €818,049-€1.3m
Cash
-
not filed
Balance sheet total
€7.4m
2024 · €13.1m-€5.6m
Largest movements
Assets
- Receivables within one year -€5.5m
down €5.5m (-44.8%), from €12.2m to €6.7m
of which Other amounts receivable: -€3.5m
- Tangible fixed assets -€177,309
down €177,309 (-21.1%), from €841,682 to €664,373
Equity and liabilities
- Trade debts -€3.3m
down €3.3m (-32.5%), from €10.2m to €6.9m
- Profit (loss) carried forward -€1.3m
new in 2025: -€1.3m
- Other debts -€780,525
no longer reported in 2025 (was €780,525)
- Tax, wage and social debts -€258,760
down €258,760 (-21.4%), from €1.2m to €949,564
of which Taxes: -€172,417
Income statement
- Turnover -€8.1m
down €8.1m (-20.2%), from €40.0m to €31.9m
- Goods and materials -€4.8m
down €4.8m (-18.7%), from €25.7m to €20.9m
of which Purchases: -€4.8m
- Taxes -€875,756
down €875,756, from €530,872 to -€344,884
of which Taxes: -€527,141
- Services and other goods -€440,328
down €440,328 (-4.3%), from €10.3m to €9.8m
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.
Result 2024
€780,525
Turnover
-€8.1m
Other operating income
+€25,055
Goods and materials
+€4.8m
Services and other goods
+€440,328
Staff costs
-€35,606
Depreciation
-€143,870
Write-downs
-€10,189
Provisions
-€43,388
Other operating charges
+€13,955
Other operating items
-€2,873
Financial income
-€194,630
Financial charges
+€276,457
Taxes
+€875,756
Result 2025
-€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,087,997 | €7,445,684 | -€5.6m | -43.1% |
| Fixed assets | 21/28 | €842,269 | €682,458 | -€159,811 | -19.0% |
| Tangible fixed assets | 22/27 | €841,682 | €664,373 | -€177,309 | -21.1% |
| Furniture and vehicles | 24 | €841,682 | €664,373 | -€177,309 | -21.1% |
| Financial fixed assets | 28 | €587 | €18,085 | +€17,498 | +2,980% |
| Other financial fixed assets | 284/8 | €587 | €18,085 | +€17,498 | +2,980% |
| Amounts receivable and cash guarantees | 285/8 | €587 | €18,085 | +€17,498 | +2,980% |
| Current assets | 29/58 | €12,245,727 | €6,763,226 | -€5.5m | -44.8% |
| Stocks and contracts in progress | 3 | €16,147 | €15,825 | -€322 | -2.0% |
| Stocks | 30/36 | €16,147 | €15,825 | -€322 | -2.0% |
| Goods purchased for resale | 34 | €16,147 | €15,825 | -€322 | -2.0% |
| Amounts receivable within one year | 40/41 | €12,228,441 | €6,747,052 | -€5.5m | -44.8% |
| Trade receivables | 40 | €4,593,360 | €2,565,528 | -€2.0m | -44.1% |
| Other amounts receivable | 41 | €7,635,081 | €4,181,523 | -€3.5m | -45.2% |
| Deferred charges and accrued income | 490/1 | €1,139 | €350 | -€789 | -69.3% |
| Total equity and liabilities | 10/49 | €13,087,997 | €7,445,684 | -€5.6m | -43.1% |
| Equity | 10/15 | €818,049 | -€466,347 | -€1.3m | |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Capital | 10 | €743,681 | €743,681 | = | 0.0% |
| Issued capital | 100 | €743,681 | €743,681 | = | 0.0% |
| Reserves | 13 | €74,368 | €74,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,368 | €74,368 | = | 0.0% |
| Legal reserve | 130 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,284,396 | -€1.3m | |
| Amounts payable | 17/49 | €12,269,948 | €7,912,032 | -€4.4m | -35.5% |
| Amounts payable after more than one year | 17 | €35,773 | €51,255 | +€15,482 | +43.3% |
| Other amounts payable | 178/9 | €35,773 | €51,255 | +€15,482 | +43.3% |
| Amounts payable within one year | 42/48 | €12,233,099 | €7,859,806 | -€4.4m | -35.7% |
| Financial debts | 43 | €639 | €851 | +€212 | +33.3% |
| Credit institutions | 430/8 | €639 | €851 | +€212 | +33.3% |
| Trade debts | 44 | €10,243,613 | €6,909,392 | -€3.3m | -32.5% |
| Suppliers | 440/4 | €10,243,613 | €6,909,392 | -€3.3m | -32.5% |
| Taxes, remuneration and social security | 45 | €1,208,323 | €949,564 | -€258,760 | -21.4% |
| Taxes | 450/3 | €596,817 | €424,400 | -€172,417 | -28.9% |
| Remuneration and social security | 454/9 | €611,506 | €525,163 | -€86,342 | -14.1% |
| Other amounts payable | 47/48 | €780,525 | - | -€780,525 | |
| Accrued charges and deferred income | 492/3 | €1,076 | €970 | -€106 | -9.8% |
| Operating income | 70/76A | €41,007,260 | €32,969,053 | -€8.0m | -19.6% |
| Turnover | 70 | €39,971,626 | €31,911,948 | -€8.1m | -20.2% |
| Other operating income | 74 | €1,031,590 | €1,056,645 | +€25,055 | +2.4% |
| Non-recurring operating income | 76A | €4,045 | €460 | -€3,585 | -88.6% |
| Operating charges | 60/66A | €39,183,759 | €34,168,056 | -€5.0m | -12.8% |
| Goods for resale, raw materials and consumables | 60 | €25,662,770 | €20,869,007 | -€4.8m | -18.7% |
| Purchases | 600/8 | €25,665,018 | €20,868,685 | -€4.8m | -18.7% |
| Change in stocks: decrease (increase) | 609 | -€2,248 | €322 | +€2,570 | |
| Services and other goods | 61 | €10,267,315 | €9,826,987 | -€440,328 | -4.3% |
| Remuneration, social security and pensions | 62 | €2,952,612 | €2,988,218 | +€35,606 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,215 | €299,085 | +€143,870 | +92.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€84 | €10,105 | +€10,189 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€43,388 | - | +€43,388 | |
| Other operating charges | 640/8 | €188,608 | €174,654 | -€13,955 | -7.4% |
| Non-recurring operating charges | 66A | €712 | - | -€712 | |
| Operating profit (loss) | 9901 | €1,823,501 | -€1,199,003 | -€3.0m | |
| Financial income | 75/76B | €324,638 | €130,008 | -€194,630 | -60.0% |
| Recurring financial income | 75 | €324,638 | €130,008 | -€194,630 | -60.0% |
| Other financial income | 752/9 | €324,638 | €130,008 | -€194,630 | -60.0% |
| Financial charges | 65/66B | €836,742 | €560,284 | -€276,457 | -33.0% |
| Recurring financial charges | 65 | €836,742 | €560,284 | -€276,457 | -33.0% |
| Debt charges | 650 | €18,219 | €36,681 | +€18,462 | +101% |
| Other financial charges | 652/9 | €818,523 | €523,603 | -€294,919 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €1,311,397 | -€1,629,280 | -€2.9m | |
| Income taxes | 67/77 | €530,872 | -€344,884 | -€875,756 | |
| Taxes | 670/3 | €530,872 | €3,731 | -€527,141 | -99.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €348,615 | +€348,615 | |
| Profit (loss) for the period | 9904 | €780,525 | -€1,284,396 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €780,525 | -€1,284,396 | -€2.1m |
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 18 October 2026 via checked.be.