Puissant & Co: 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.
Puissant & Co
Largest movements
- Intangible fixed assets -€103,750
down €103,750 (-22.3%), from €466,164 to €362,414
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash -€25,191
down €25,191 (-34.4%), from €73,190 to €47,999
mainly Debts after one year (-€285,412) and Contributions, distributions and other (-€115,500)
- Debts after one year -€285,412
down €285,412 (-28.9%), from €988,207 to €702,795
- Profit (loss) carried forward +€133,453
up €133,453 (+58.4%), from €228,407 to €361,860
- Other debts -€25,461
down €25,461 (-18.1%), from €140,961 to €115,500
- Gross operating margin -€81,276
down €81,276 (-10.7%), from €756,796 to €675,521
- Financial income +€67,013
up €67,013 (+64.6%), from €103,765 to €170,779
- Staff costs -€28,902
down €28,902 (-6.5%), from €447,965 to €419,063
- Other operating charges -€20,581
down €20,581 (-91.4%), from €22,525 to €1,944
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 | €1,815,780 | €1,620,672 | -€195,108 | -10.7% |
| Fixed assets | 21/28 | €1,550,089 | €1,441,830 | -€108,259 | -7.0% |
| Intangible fixed assets | 21 | €466,164 | €362,414 | -€103,750 | -22.3% |
| Tangible fixed assets | 22/27 | €56,925 | €52,416 | -€4,509 | -7.9% |
| Furniture and vehicles | 24 | €8,699 | €5,310 | -€3,388 | -38.9% |
| Other tangible fixed assets | 26 | €48,227 | €47,106 | -€1,121 | -2.3% |
| Financial fixed assets | 28 | €1,026,999 | €1,026,999 | = | 0.0% |
| Current assets | 29/58 | €265,691 | €178,842 | -€86,849 | -32.7% |
| Amounts receivable within one year | 40/41 | €59,288 | €62,787 | +€3,499 | +5.9% |
| Other amounts receivable | 41 | €59,288 | €62,787 | +€3,499 | +5.9% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €73,190 | €47,999 | -€25,191 | -34.4% |
| Deferred charges and accrued income | 490/1 | €83,213 | €68,056 | -€15,157 | -18.2% |
| Total equity and liabilities | 10/49 | €1,815,780 | €1,620,672 | -€195,108 | -10.7% |
| Equity | 10/15 | €348,407 | €481,860 | +€133,453 | +38.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,407 | €361,860 | +€133,453 | +58.4% |
| Amounts payable | 17/49 | €1,467,373 | €1,138,812 | -€328,561 | -22.4% |
| Amounts payable after more than one year | 17 | €988,207 | €702,795 | -€285,412 | -28.9% |
| Financial debts | 170/4 | €988,207 | €702,795 | -€285,412 | -28.9% |
| Amounts payable within one year | 42/48 | €456,116 | €415,258 | -€40,858 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €220,449 | €205,412 | -€15,037 | -6.8% |
| Financial debts | 43 | €16,927 | €18,624 | +€1,697 | +10.0% |
| Credit institutions | 430/8 | - | €6,756 | +€6,756 | |
| Other loans | 439 | €16,927 | €11,867 | -€5,060 | -29.9% |
| Trade debts | 44 | €16,243 | €17,070 | +€827 | +5.1% |
| Suppliers | 440/4 | €16,243 | €17,070 | +€827 | +5.1% |
| Taxes, remuneration and social security | 45 | €61,536 | €58,653 | -€2,883 | -4.7% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €61,536 | €58,653 | -€2,883 | -4.7% |
| Other amounts payable | 47/48 | €140,961 | €115,500 | -€25,461 | -18.1% |
| Accrued charges and deferred income | 492/3 | €23,050 | €20,759 | -€2,291 | -9.9% |
| Remuneration, social security and pensions | 62 | €447,965 | €419,063 | -€28,902 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,811 | €127,418 | +€1,607 | +1.3% |
| Other operating charges | 640/8 | €22,525 | €1,944 | -€20,581 | -91.4% |
| Gross operating margin | 9900 | €756,796 | €675,521 | -€81,276 | -10.7% |
| Operating profit (loss) | 9901 | €160,496 | €127,096 | -€33,400 | -20.8% |
| Financial income | 75/76B | €103,765 | €170,779 | +€67,013 | +64.6% |
| Recurring financial income | 75 | €103,765 | €170,779 | +€67,013 | +64.6% |
| Financial charges | 65/66B | €23,205 | €17,291 | -€5,913 | -25.5% |
| Recurring financial charges | 65 | €23,205 | €17,291 | -€5,913 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €241,057 | €280,583 | +€39,527 | +16.4% |
| Income taxes | 67/77 | €38,808 | €31,631 | -€7,177 | -18.5% |
| Profit (loss) for the period | 9904 | €202,249 | €248,953 | +€46,704 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €202,249 | €248,953 | +€46,704 | +23.1% |
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 24 October 2026 via checked.be.