PUKEKO: 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.
PUKEKO
Largest movements
- Tangible fixed assets -€6,316
down €6,316 (-24.6%), from €25,680 to €19,364
- Cash -€4,944
down €4,944 (-35.7%), from €13,847 to €8,903
mainly Debts after one year (-€6,284) and Tax, wage and social debts (-€2,885)
- Receivables within one year +€1,342
up €1,342 (+30.2%), from €4,438 to €5,780
of which Trade receivables: +€1,081
- Debts after one year -€6,284
down €6,284 (-31.0%), from €20,242 to €13,959
- Tax, wage and social debts -€2,885
down €2,885 (-45.3%), from €6,365 to €3,480
of which Taxes: -€2,885
- Reserves -€2,368
down €2,368 (-30.3%), from €7,808 to €5,440
- Trade debts +€1,104
up €1,104 (+160.3%), from €689 to €1,793
- Gross operating margin -€3,150
down €3,150 (-36.6%), from €8,618 to €5,468
- Taxes -€600
down €600 (-71.3%), from €841 to €242
- Depreciation +€415
up €415 (+7.0%), from €5,901 to €6,316
- Financial charges -€134
down €134 (-10.4%), from €1,292 to €1,158
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 | €44,151 | €34,047 | -€10,104 | -22.9% |
| Fixed assets | 21/28 | €25,680 | €19,364 | -€6,316 | -24.6% |
| Tangible fixed assets | 22/27 | €25,680 | €19,364 | -€6,316 | -24.6% |
| Furniture and vehicles | 24 | €25,680 | €19,364 | -€6,316 | -24.6% |
| Current assets | 29/58 | €18,471 | €14,683 | -€3,788 | -20.5% |
| Amounts receivable within one year | 40/41 | €4,438 | €5,780 | +€1,342 | +30.2% |
| Trade receivables | 40 | €4,437 | €5,518 | +€1,081 | +24.4% |
| Other amounts receivable | 41 | €1 | €263 | +€261 | +21432.0% |
| Cash at bank and in hand | 54/58 | €13,847 | €8,903 | -€4,944 | -35.7% |
| Deferred charges and accrued income | 490/1 | €185 | €0 | -€185 | -100.0% |
| Total equity and liabilities | 10/49 | €44,151 | €34,047 | -€10,104 | -22.9% |
| Equity | 10/15 | €10,808 | €8,440 | -€2,368 | -21.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,808 | €5,440 | -€2,368 | -30.3% |
| Distributable reserves | 133 | €7,808 | €5,440 | -€2,368 | -30.3% |
| Amounts payable | 17/49 | €33,343 | €25,608 | -€7,736 | -23.2% |
| Amounts payable after more than one year | 17 | €20,242 | €13,959 | -€6,284 | -31.0% |
| Financial debts | 170/4 | €20,242 | €13,959 | -€6,284 | -31.0% |
| Amounts payable within one year | 42/48 | €13,101 | €11,649 | -€1,452 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €6,028 | €6,284 | +€255 | +4.2% |
| Financial debts | 43 | - | €91 | +€91 | |
| Credit institutions | 430/8 | - | €91 | +€91 | |
| Trade debts | 44 | €689 | €1,793 | +€1,104 | +160.3% |
| Suppliers | 440/4 | €689 | €1,793 | +€1,104 | +160.3% |
| Taxes, remuneration and social security | 45 | €6,365 | €3,480 | -€2,885 | -45.3% |
| Taxes | 450/3 | €6,365 | €3,480 | -€2,885 | -45.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €18 | €0 | -€18 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,901 | €6,316 | +€415 | +7.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €8,618 | €5,468 | -€3,150 | -36.6% |
| Operating profit (loss) | 9901 | €2,599 | -€968 | -€3,567 | |
| Financial charges | 65/66B | €1,292 | €1,158 | -€134 | -10.4% |
| Recurring financial charges | 65 | €1,292 | €1,158 | -€134 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €1,307 | -€2,126 | -€3,433 | |
| Income taxes | 67/77 | €841 | €242 | -€600 | -71.3% |
| Profit (loss) for the period | 9904 | €465 | -€2,368 | -€2,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €465 | -€2,368 | -€2,834 |
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.