Puka: 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.
Puka
Largest movements
- Cash +€26,479
up €26,479 (+358.5%), from €7,387 to €33,866
mainly Net result for the year (+€22,468) and Tax, wage and social debts (+€6,011)
- Receivables within one year -€5,501
down €5,501 (-19.4%), from €28,351 to €22,850
of which Trade receivables: -€8,711
- Deferred charges and accrued income -€2,947
down €2,947 (-60.3%), from €4,889 to €1,943
- Reserves +€22,468
up €22,468 (+266.0%), from €8,446 to €30,914
- Accrued charges and deferred income -€14,336
down €14,336 (-99.1%), from €14,464 to €128
- Tax, wage and social debts +€6,011
up €6,011 (+1378.7%), from €436 to €6,447
- Other debts -€2,483
down €2,483 (-87.5%), from €2,838 to €356
- Current portion of long-term debt +€2,463
new in 2025: €2,463
- Gross operating margin +€24,428
up €24,428 (+343.7%), from €7,107 to €31,535
- Taxes +€6,001
up €6,001 (+3192.5%), from €188 to €6,189
- Financial charges -€5,214
down €5,214 (-68.1%), from €7,659 to €2,445
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 | €41,031 | €58,663 | +€17,633 | +43.0% |
| Fixed assets | 21/28 | €404 | €5 | -€399 | -98.9% |
| Tangible fixed assets | 22/27 | €404 | €5 | -€399 | -98.9% |
| Plant, machinery and equipment | 23 | €404 | €5 | -€399 | -98.9% |
| Current assets | 29/58 | €40,627 | €58,659 | +€18,032 | +44.4% |
| Amounts receivable within one year | 40/41 | €28,351 | €22,850 | -€5,501 | -19.4% |
| Trade receivables | 40 | €28,351 | €19,640 | -€8,711 | -30.7% |
| Other amounts receivable | 41 | €0 | €3,210 | +€3,210 | |
| Cash at bank and in hand | 54/58 | €7,387 | €33,866 | +€26,479 | +358.5% |
| Deferred charges and accrued income | 490/1 | €4,889 | €1,943 | -€2,947 | -60.3% |
| Total equity and liabilities | 10/49 | €41,031 | €58,663 | +€17,633 | +43.0% |
| Equity | 10/15 | €14,446 | €36,914 | +€22,468 | +155.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €8,446 | €30,914 | +€22,468 | +266.0% |
| Distributable reserves | 133 | €8,446 | €30,914 | +€22,468 | +266.0% |
| Amounts payable | 17/49 | €26,584 | €21,749 | -€4,835 | -18.2% |
| Amounts payable after more than one year | 17 | - | €2,336 | +€2,336 | |
| Financial debts | 170/4 | - | €2,336 | +€2,336 | |
| Amounts payable within one year | 42/48 | €12,120 | €19,285 | +€7,165 | +59.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,463 | +€2,463 | |
| Trade debts | 44 | €8,846 | €10,020 | +€1,174 | +13.3% |
| Suppliers | 440/4 | €8,846 | €10,020 | +€1,174 | +13.3% |
| Taxes, remuneration and social security | 45 | €436 | €6,447 | +€6,011 | +1378.7% |
| Taxes | 450/3 | €436 | €6,447 | +€6,011 | +1378.7% |
| Other amounts payable | 47/48 | €2,838 | €356 | -€2,483 | -87.5% |
| Accrued charges and deferred income | 492/3 | €14,464 | €128 | -€14,336 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | €399 | = | 0.0% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | €7,107 | €31,535 | +€24,428 | +343.7% |
| Operating profit (loss) | 9901 | €6,707 | €31,070 | +€24,362 | +363.2% |
| Financial income | 75/76B | €38 | €33 | -€6 | -14.5% |
| Recurring financial income | 75 | €38 | €33 | -€6 | -14.5% |
| Financial charges | 65/66B | €7,659 | €2,445 | -€5,214 | -68.1% |
| Recurring financial charges | 65 | €7,659 | €2,445 | -€5,214 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | -€913 | €28,657 | +€29,570 | |
| Income taxes | 67/77 | €188 | €6,189 | +€6,001 | +3192.5% |
| Profit (loss) for the period | 9904 | -€1,101 | €22,468 | +€23,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,101 | €22,468 | +€23,569 |
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 1 October 2026 via checked.be.