PUJU: 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.
PUJU
Largest movements
- Tangible fixed assets -€14,076
down €14,076 (-21.6%), from €65,302 to €51,227
- Cash +€9,988
up €9,988 (+35.9%), from €27,802 to €37,790
mainly Net result for the year (+€40,955) and Depreciation (+€14,076)
- Receivables within one year -€5,501
down €5,501 (-33.7%), from €16,341 to €10,840
of which Trade receivables: -€7,236
- Profit (loss) carried forward +€40,955
up €40,955 (+28.7%), from €142,502 to €183,457
- Other debts -€37,863
down €37,863 (-38.1%), from €99,390 to €61,527
- Debts after one year -€12,135
down €12,135 (-28.7%), from €42,232 to €30,096
- Tax, wage and social debts -€6,306
down €6,306 (-39.3%), from €16,052 to €9,746
of which Remuneration and social security: -€3,750
- Trade debts +€5,439
up €5,439 (+698.9%), from €778 to €6,218
- Gross operating margin -€8,324
down €8,324 (-13.0%), from €63,806 to €55,482
- Taxes -€6,661
down €6,661 (-54.5%), from €12,213 to €5,552
- Depreciation +€6,162
up €6,162 (+77.9%), from €7,914 to €14,076
- Other operating charges -€4,603
down €4,603 (-71.1%), from €6,478 to €1,875
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 | €314,655 | €305,236 | -€9,419 | -3.0% |
| Fixed assets | 21/28 | €65,302 | €51,227 | -€14,076 | -21.6% |
| Tangible fixed assets | 22/27 | €65,302 | €51,227 | -€14,076 | -21.6% |
| Furniture and vehicles | 24 | €65,302 | €51,227 | -€14,076 | -21.6% |
| Current assets | 29/58 | €249,352 | €254,009 | +€4,657 | +1.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Trade receivables | 290 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,341 | €10,840 | -€5,501 | -33.7% |
| Trade receivables | 40 | €13,627 | €6,392 | -€7,236 | -53.1% |
| Other amounts receivable | 41 | €2,714 | €4,448 | +€1,735 | +63.9% |
| Cash at bank and in hand | 54/58 | €27,802 | €37,790 | +€9,988 | +35.9% |
| Deferred charges and accrued income | 490/1 | €5,209 | €5,379 | +€170 | +3.3% |
| Total equity and liabilities | 10/49 | €314,655 | €305,236 | -€9,419 | -3.0% |
| Equity | 10/15 | €144,502 | €185,457 | +€40,955 | +28.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,502 | €183,457 | +€40,955 | +28.7% |
| Amounts payable | 17/49 | €170,153 | €119,779 | -€50,374 | -29.6% |
| Amounts payable after more than one year | 17 | €42,232 | €30,096 | -€12,135 | -28.7% |
| Financial debts | 170/4 | €42,232 | €30,096 | -€12,135 | -28.7% |
| Amounts payable within one year | 42/48 | €127,921 | €89,626 | -€38,296 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €11,701 | €12,135 | +€434 | +3.7% |
| Trade debts | 44 | €778 | €6,218 | +€5,439 | +698.9% |
| Suppliers | 440/4 | €778 | €6,218 | +€5,439 | +698.9% |
| Taxes, remuneration and social security | 45 | €16,052 | €9,746 | -€6,306 | -39.3% |
| Taxes | 450/3 | €12,302 | €9,746 | -€2,556 | -20.8% |
| Remuneration and social security | 454/9 | €3,750 | - | -€3,750 | |
| Other amounts payable | 47/48 | €99,390 | €61,527 | -€37,863 | -38.1% |
| Accrued charges and deferred income | 492/3 | - | €57 | +€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,914 | €14,076 | +€6,162 | +77.9% |
| Other operating charges | 640/8 | €6,478 | €1,875 | -€4,603 | -71.1% |
| Gross operating margin | 9900 | €63,806 | €55,482 | -€8,324 | -13.0% |
| Operating profit (loss) | 9901 | €49,414 | €39,531 | -€9,883 | -20.0% |
| Financial income | 75/76B | €9,397 | €9,397 | = | 0.0% |
| Recurring financial income | 75 | €9,397 | €9,397 | = | 0.0% |
| Financial charges | 65/66B | €1,826 | €2,421 | +€596 | +32.6% |
| Recurring financial charges | 65 | €1,826 | €2,421 | +€596 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €56,985 | €46,507 | -€10,478 | -18.4% |
| Income taxes | 67/77 | €12,213 | €5,552 | -€6,661 | -54.5% |
| Profit (loss) for the period | 9904 | €44,772 | €40,955 | -€3,817 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,772 | €40,955 | -€3,817 | -8.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.