PUK: 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.
PUK
Largest movements
- Tangible fixed assets -€134,383
down €134,383 (-5.4%), from €2.5m to €2.4m
- Cash +€114,849
up €114,849 (+247.3%), from €46,433 to €161,281
mainly Depreciation (+€134,383) and Deferred charges and accrued income (+€10,909)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€9,317
up €9,317 (+13502.2%), from €69 to €9,386
- Depreciation +€2,681
up €2,681 (+2.0%), from €131,703 to €134,383
- Taxes -€2,124
down €2,124 (-83.9%), from €2,531 to €407
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 | €2,548,762 | €2,518,318 | -€30,444 | -1.2% |
| Fixed assets | 21/28 | €2,491,420 | €2,357,037 | -€134,383 | -5.4% |
| Tangible fixed assets | 22/27 | €2,491,420 | €2,357,037 | -€134,383 | -5.4% |
| Land and buildings | 22 | €2,491,420 | €2,357,037 | -€134,383 | -5.4% |
| Current assets | 29/58 | €57,342 | €161,281 | +€103,939 | +181.3% |
| Cash at bank and in hand | 54/58 | €46,433 | €161,281 | +€114,849 | +247.3% |
| Deferred charges and accrued income | 490/1 | €10,909 | €0 | -€10,909 | -100.0% |
| Total equity and liabilities | 10/49 | €2,548,762 | €2,518,318 | -€30,444 | -1.2% |
| Equity | 10/15 | €2,480,250 | €2,482,208 | +€1,959 | +0.1% |
| Contributions | 10/11 | €2,460,000 | €2,460,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €22,000 | +€2,000 | +10.0% |
| Distributable reserves | 133 | €20,000 | €22,000 | +€2,000 | +10.0% |
| Profit (loss) carried forward | 14 | €250 | €208 | -€41 | -16.6% |
| Amounts payable | 17/49 | €68,512 | €36,110 | -€32,403 | -47.3% |
| Amounts payable within one year | 42/48 | €51,884 | €21,110 | -€30,774 | -59.3% |
| Trade debts | 44 | €29,352 | €8,742 | -€20,610 | -70.2% |
| Suppliers | 440/4 | €29,352 | €8,742 | -€20,610 | -70.2% |
| Taxes, remuneration and social security | 45 | €2,531 | €2,849 | +€318 | +12.6% |
| Taxes | 450/3 | €2,531 | €2,849 | +€318 | +12.6% |
| Other amounts payable | 47/48 | €20,000 | €9,518 | -€10,482 | -52.4% |
| Accrued charges and deferred income | 492/3 | €16,629 | €15,000 | -€1,629 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,703 | €134,383 | +€2,681 | +2.0% |
| Other operating charges | 640/8 | €11,584 | €12,513 | +€929 | +8.0% |
| Gross operating margin | 9900 | €155,991 | €157,476 | +€1,484 | +1.0% |
| Operating profit (loss) | 9901 | €12,704 | €10,579 | -€2,125 | -16.7% |
| Financial income | 75/76B | €21 | €1,173 | +€1,152 | +5522.5% |
| Recurring financial income | 75 | €21 | €1,173 | +€1,152 | +5522.5% |
| Financial charges | 65/66B | €69 | €9,386 | +€9,317 | +13502.2% |
| Recurring financial charges | 65 | €69 | €9,386 | +€9,317 | +13502.2% |
| Profit (loss) for the period before taxes | 9903 | €12,656 | €2,366 | -€10,290 | -81.3% |
| Income taxes | 67/77 | €2,531 | €407 | -€2,124 | -83.9% |
| Profit (loss) for the period | 9904 | €10,125 | €1,959 | -€8,166 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,125 | €1,959 | -€8,166 | -80.7% |
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 1 October 2026 via checked.be.