PUKKA: 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.
PUKKA
Largest movements
- Tangible fixed assets -€6,413
down €6,413 (-35.2%), from €18,232 to €11,819
- Receivables within one year +€5,702
up €5,702 (+15.7%), from €36,301 to €42,002
of which Trade receivables: +€5,716
- Cash +€3,901
up €3,901 (+42.2%), from €9,252 to €13,153
mainly Depreciation (+€15,044) and Tax, wage and social debts (+€9,965)
- Current investments +€3,000
up €3,000 (+1.8%), from €169,171 to €172,171
- Tax, wage and social debts +€9,965
new in 2025: €9,965
- Other debts -€2,737
no longer reported in 2025 (was €2,737)
- Gross operating margin -€6,162
down €6,162 (-24.4%), from €25,210 to €19,049
- Taxes -€1,729
down €1,729 (-49.4%), from €3,503 to €1,774
- Depreciation +€1,411
up €1,411 (+10.3%), from €13,633 to €15,044
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 | €233,806 | €240,874 | +€7,068 | +3.0% |
| Fixed assets | 21/28 | €18,381 | €12,952 | -€5,429 | -29.5% |
| Tangible fixed assets | 22/27 | €18,232 | €11,819 | -€6,413 | -35.2% |
| Furniture and vehicles | 24 | €18,232 | €11,819 | -€6,413 | -35.2% |
| Financial fixed assets | 28 | €148 | €1,133 | +€984 | +663.7% |
| Current assets | 29/58 | €215,425 | €227,922 | +€12,497 | +5.8% |
| Amounts receivable within one year | 40/41 | €36,301 | €42,002 | +€5,702 | +15.7% |
| Trade receivables | 40 | €29,810 | €35,526 | +€5,716 | +19.2% |
| Other amounts receivable | 41 | €6,491 | €6,477 | -€14 | -0.2% |
| Current investments | 50/53 | €169,171 | €172,171 | +€3,000 | +1.8% |
| Cash at bank and in hand | 54/58 | €9,252 | €13,153 | +€3,901 | +42.2% |
| Deferred charges and accrued income | 490/1 | €701 | €595 | -€106 | -15.1% |
| Total equity and liabilities | 10/49 | €233,806 | €240,874 | +€7,068 | +3.0% |
| Equity | 10/15 | €227,351 | €228,953 | +€1,602 | +0.7% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €69,686 | €71,287 | +€1,602 | +2.3% |
| Distributable reserves | 133 | €69,686 | €71,287 | +€1,602 | +2.3% |
| Profit (loss) carried forward | 14 | €151,465 | €151,465 | = | 0.0% |
| Amounts payable | 17/49 | €6,454 | €11,921 | +€5,467 | +84.7% |
| Amounts payable within one year | 42/48 | €6,454 | €11,921 | +€5,467 | +84.7% |
| Financial debts | 43 | €0 | - | -€0 | |
| Credit institutions | 430/8 | €0 | - | -€0 | |
| Trade debts | 44 | €3,717 | €1,956 | -€1,761 | -47.4% |
| Suppliers | 440/4 | €3,717 | €1,956 | -€1,761 | -47.4% |
| Taxes, remuneration and social security | 45 | - | €9,965 | +€9,965 | |
| Taxes | 450/3 | - | €9,965 | +€9,965 | |
| Other amounts payable | 47/48 | €2,737 | - | -€2,737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,633 | €15,044 | +€1,411 | +10.3% |
| Other operating charges | 640/8 | €387 | €471 | +€84 | +21.7% |
| Gross operating margin | 9900 | €25,210 | €19,049 | -€6,162 | -24.4% |
| Operating profit (loss) | 9901 | €11,190 | €3,534 | -€7,656 | -68.4% |
| Financial income | 75/76B | €7 | €3 | -€4 | -50.1% |
| Recurring financial income | 75 | €7 | €3 | -€4 | -50.1% |
| Financial charges | 65/66B | €99 | €161 | +€62 | +63.0% |
| Recurring financial charges | 65 | €99 | €161 | +€62 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €11,098 | €3,376 | -€7,722 | -69.6% |
| Income taxes | 67/77 | €3,503 | €1,774 | -€1,729 | -49.4% |
| Profit (loss) for the period | 9904 | €7,595 | €1,602 | -€5,993 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,595 | €1,602 | -€5,993 | -78.9% |
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 4 October 2026 via checked.be.