PUJA: 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.
PUJA
Largest movements
- Tangible fixed assets -€53,225
down €53,225 (-8.3%), from €643,687 to €590,462
of which Land and buildings: -€43,487
- Cash -€20,997
down €20,997 (-67.8%), from €30,961 to €9,964
mainly Debts after one year (-€47,048) and Receivables within one year (-€19,869)
- Receivables within one year +€19,869
up €19,869 (+18.9%), from €105,177 to €125,046
of which Other amounts receivable: +€33,869
- Debts after one year -€47,048
down €47,048 (-16.1%), from €292,066 to €245,017
- Trade debts -€11,835
down €11,835 (-71.9%), from €16,457 to €4,622
- Reserves +€9,000
up €9,000 (+2.0%), from €455,860 to €464,860
of which Distributable reserves: +€9,000
- Gross operating margin -€35,294
down €35,294 (-30.6%), from €115,178 to €79,884
- Other operating charges -€9,852
down €9,852 (-69.9%), from €14,097 to €4,245
- Financial income +€7,127
up €7,127 (+15859.8%), from €45 to €7,172
- Taxes -€3,398
down €3,398 (-40.8%), from €8,325 to €4,927
- Depreciation -€2,741
down €2,741 (-4.4%), from €62,355 to €59,614
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 | €838,826 | €786,340 | -€52,486 | -6.3% |
| Fixed assets | 21/28 | €643,687 | €590,462 | -€53,225 | -8.3% |
| Tangible fixed assets | 22/27 | €643,687 | €590,462 | -€53,225 | -8.3% |
| Land and buildings | 22 | €574,767 | €531,280 | -€43,487 | -7.6% |
| Plant, machinery and equipment | 23 | €125 | - | -€125 | |
| Furniture and vehicles | 24 | €7,519 | €11,238 | +€3,719 | +49.5% |
| Leasing and similar rights | 25 | €10,230 | €6,820 | -€3,410 | -33.3% |
| Other tangible fixed assets | 26 | €51,046 | €41,124 | -€9,922 | -19.4% |
| Current assets | 29/58 | €195,138 | €195,878 | +€740 | +0.4% |
| Amounts receivable after more than one year | 29 | €59,000 | €59,000 | = | 0.0% |
| Other amounts receivable | 291 | €59,000 | €59,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,177 | €125,046 | +€19,869 | +18.9% |
| Trade receivables | 40 | €15,374 | €1,374 | -€14,000 | -91.1% |
| Other amounts receivable | 41 | €89,803 | €123,673 | +€33,869 | +37.7% |
| Cash at bank and in hand | 54/58 | €30,961 | €9,964 | -€20,997 | -67.8% |
| Deferred charges and accrued income | 490/1 | - | €1,867 | +€1,867 | |
| Total equity and liabilities | 10/49 | €838,826 | €786,340 | -€52,486 | -6.3% |
| Equity | 10/15 | €475,233 | €483,679 | +€8,446 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €455,860 | €464,860 | +€9,000 | +2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €454,000 | €463,000 | +€9,000 | +2.0% |
| Profit (loss) carried forward | 14 | €773 | €219 | -€554 | -71.7% |
| Amounts payable | 17/49 | €363,593 | €302,661 | -€60,932 | -16.8% |
| Amounts payable after more than one year | 17 | €292,066 | €245,017 | -€47,048 | -16.1% |
| Financial debts | 170/4 | €292,066 | €245,017 | -€47,048 | -16.1% |
| Amounts payable within one year | 42/48 | €71,527 | €57,644 | -€13,883 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €41,039 | €49,404 | +€8,365 | +20.4% |
| Trade debts | 44 | €16,457 | €4,622 | -€11,835 | -71.9% |
| Suppliers | 440/4 | €16,457 | €4,622 | -€11,835 | -71.9% |
| Taxes, remuneration and social security | 45 | €9,031 | €3,618 | -€5,413 | -59.9% |
| Taxes | 450/3 | €9,031 | €3,618 | -€5,413 | -59.9% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,355 | €59,614 | -€2,741 | -4.4% |
| Other operating charges | 640/8 | €14,097 | €4,245 | -€9,852 | -69.9% |
| Gross operating margin | 9900 | €115,178 | €79,884 | -€35,294 | -30.6% |
| Operating profit (loss) | 9901 | €38,726 | €16,025 | -€22,701 | -58.6% |
| Financial income | 75/76B | €45 | €7,172 | +€7,127 | +15859.8% |
| Recurring financial income | 75 | €45 | €7,172 | +€7,127 | +15859.8% |
| Financial charges | 65/66B | €9,791 | €9,824 | +€33 | +0.3% |
| Recurring financial charges | 65 | €9,791 | €9,824 | +€33 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €28,980 | €13,373 | -€15,606 | -53.9% |
| Income taxes | 67/77 | €8,325 | €4,927 | -€3,398 | -40.8% |
| Profit (loss) for the period | 9904 | €20,654 | €8,446 | -€12,208 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,654 | €8,446 | -€12,208 | -59.1% |
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 8 October 2026 via checked.be.