PUIK: 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.
PUIK
Largest movements
- Tangible fixed assets +€17,031
up €17,031 (+1,489%), from €1,144 to €18,175
of which Furniture and vehicles: +€18,031
- Cash +€14,966
up €14,966 (+95.1%), from €15,734 to €30,700
mainly Net result for the year (+€15,122) and Trade debts (+€10,690)
- Receivables within one year +€11,141
up €11,141 (+43.3%), from €25,721 to €36,862
of which Trade receivables: +€10,436
- Trade debts +€10,690
up €10,690 (+5,300%), from €202 to €10,891
- Debts after one year +€10,599
new in 2025: €10,599
- Other debts +€10,467
up €10,467 (+502%), from €2,083 to €12,550
- Reserves +€5,547
up €5,547 (+16.8%), from €32,991 to €38,538
of which Distributable reserves: +€7,882
- Current portion of long-term debt +€3,263
new in 2025: €3,263
- Gross operating margin +€10,033
up €10,033 (+63.2%), from €15,863 to €25,896
- Depreciation +€1,982
up €1,982 (+67.5%), from €2,937 to €4,919
- Taxes +€877
up €877 (+87.1%), from €1,007 to €1,884
- Financial charges +€545
up €545 (+67.5%), from €808 to €1,353
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 | €42,599 | €85,737 | +€43,138 | +101% |
| Fixed assets | 21/28 | €1,144 | €18,175 | +€17,031 | +1,489% |
| Tangible fixed assets | 22/27 | €1,144 | €18,175 | +€17,031 | +1,489% |
| Plant, machinery and equipment | 23 | €1,144 | €144 | -€1,000 | -87.4% |
| Furniture and vehicles | 24 | - | €18,031 | +€18,031 | |
| Current assets | 29/58 | €41,455 | €67,562 | +€26,107 | +63.0% |
| Amounts receivable within one year | 40/41 | €25,721 | €36,862 | +€11,141 | +43.3% |
| Trade receivables | 40 | €25,721 | €36,158 | +€10,436 | +40.6% |
| Other amounts receivable | 41 | - | €705 | +€705 | |
| Cash at bank and in hand | 54/58 | €15,734 | €30,700 | +€14,966 | +95.1% |
| Total equity and liabilities | 10/49 | €42,599 | €85,737 | +€43,138 | +101% |
| Equity | 10/15 | €34,857 | €40,404 | +€5,547 | +15.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €32,991 | €38,538 | +€5,547 | +16.8% |
| Non-distributable reserves | 130/1 | €2,335 | €0 | -€2,335 | -100% |
| Reserves not available under the articles | 1311 | €2,335 | €0 | -€2,335 | -100% |
| Distributable reserves | 133 | €30,656 | €38,538 | +€7,882 | +25.7% |
| Profit (loss) carried forward | 14 | -€28,134 | -€28,134 | = | 0.0% |
| Amounts payable | 17/49 | €7,742 | €45,333 | +€37,591 | +486% |
| Amounts payable after more than one year | 17 | - | €10,599 | +€10,599 | |
| Financial debts | 170/4 | - | €10,599 | +€10,599 | |
| Amounts payable within one year | 42/48 | €7,742 | €34,734 | +€26,991 | +349% |
| Current portion of amounts payable after more than one year | 42 | - | €3,263 | +€3,263 | |
| Financial debts | 43 | - | €69 | +€69 | |
| Credit institutions | 430/8 | - | €69 | +€69 | |
| Trade debts | 44 | €202 | €10,891 | +€10,690 | +5,300% |
| Suppliers | 440/4 | €202 | €10,891 | +€10,690 | +5,300% |
| Taxes, remuneration and social security | 45 | €5,458 | €7,960 | +€2,502 | +45.8% |
| Taxes | 450/3 | €4,121 | €7,960 | +€3,839 | +93.2% |
| Remuneration and social security | 454/9 | €1,337 | €0 | -€1,337 | -100% |
| Other amounts payable | 47/48 | €2,083 | €12,550 | +€10,467 | +502% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,937 | €4,919 | +€1,982 | +67.5% |
| Other operating charges | 640/8 | €2,773 | €2,719 | -€54 | -2.0% |
| Gross operating margin | 9900 | €15,863 | €25,896 | +€10,033 | +63.2% |
| Operating profit (loss) | 9901 | €10,153 | €18,258 | +€8,105 | +79.8% |
| Financial income | 75/76B | €107 | €101 | -€6 | -5.5% |
| Recurring financial income | 75 | €107 | €101 | -€6 | -5.5% |
| Financial charges | 65/66B | €808 | €1,353 | +€545 | +67.5% |
| Recurring financial charges | 65 | €808 | €1,353 | +€545 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | €9,452 | €17,006 | +€7,554 | +79.9% |
| Income taxes | 67/77 | €1,007 | €1,884 | +€877 | +87.1% |
| Profit (loss) for the period | 9904 | €8,445 | €15,122 | +€6,677 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,445 | €15,122 | +€6,677 | +79.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.