PUKULE: 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.
PUKULE
Largest movements
- Tangible fixed assets +€25,547
up €25,547 (+44.2%), from €57,860 to €83,406
of which Furniture and vehicles: +€24,738
- Cash +€12,819
up €12,819 (+22.5%), from €56,886 to €69,705
mainly Net result for the year (+€24,071) and Depreciation (+€17,612)
- Receivables within one year +€2,531
up €2,531 (+35.5%), from €7,130 to €9,661
- Reserves +€24,071
up €24,071 (+48.3%), from €49,871 to €73,943
- Debts after one year +€12,599
up €12,599 (+32.4%), from €38,851 to €51,450
- Current portion of long-term debt +€8,725
up €8,725 (+100.4%), from €8,688 to €17,413
- Trade debts -€5,284
down €5,284 (-34.9%), from €15,157 to €9,873
- Gross operating margin +€34,678
up €34,678 (+15.2%), from €227,586 to €262,264
- Staff costs +€26,971
up €26,971 (+16.5%), from €163,357 to €190,328
- Depreciation +€14,913
up €14,913 (+552.3%), from €2,700 to €17,612
- Provisions +€6,467
no longer reported in 2025 (was -€6,467)
- Financial charges +€4,723
up €4,723 (+39293.2%), from €12 to €4,735
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 | €124,981 | €165,835 | +€40,853 | +32.7% |
| Fixed assets | 21/28 | €60,110 | €85,656 | +€25,547 | +42.5% |
| Tangible fixed assets | 22/27 | €57,860 | €83,406 | +€25,547 | +44.2% |
| Plant, machinery and equipment | 23 | €4,562 | €5,370 | +€809 | +17.7% |
| Furniture and vehicles | 24 | €53,298 | €78,036 | +€24,738 | +46.4% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €64,872 | €80,178 | +€15,307 | +23.6% |
| Stocks and contracts in progress | 3 | €856 | €813 | -€43 | -5.1% |
| Stocks | 30/36 | €856 | €813 | -€43 | -5.1% |
| Amounts receivable within one year | 40/41 | €7,130 | €9,661 | +€2,531 | +35.5% |
| Other amounts receivable | 41 | €7,130 | €9,661 | +€2,531 | +35.5% |
| Cash at bank and in hand | 54/58 | €56,886 | €69,705 | +€12,819 | +22.5% |
| Total equity and liabilities | 10/49 | €124,981 | €165,835 | +€40,853 | +32.7% |
| Equity | 10/15 | €51,871 | €75,943 | +€24,071 | +46.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,871 | €73,943 | +€24,071 | +48.3% |
| Distributable reserves | 133 | €49,871 | €73,943 | +€24,071 | +48.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €73,110 | €89,892 | +€16,782 | +23.0% |
| Amounts payable after more than one year | 17 | €38,851 | €51,450 | +€12,599 | +32.4% |
| Financial debts | 170/4 | €38,851 | €51,450 | +€12,599 | +32.4% |
| Amounts payable within one year | 42/48 | €34,260 | €38,442 | +€4,183 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €8,688 | €17,413 | +€8,725 | +100.4% |
| Trade debts | 44 | €15,157 | €9,873 | -€5,284 | -34.9% |
| Suppliers | 440/4 | €15,157 | €9,873 | -€5,284 | -34.9% |
| Taxes, remuneration and social security | 45 | €10,415 | €11,156 | +€741 | +7.1% |
| Taxes | 450/3 | €4,976 | €2,407 | -€2,569 | -51.6% |
| Remuneration and social security | 454/9 | €5,439 | €8,749 | +€3,310 | +60.9% |
| Remuneration, social security and pensions | 62 | €163,357 | €190,328 | +€26,971 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,700 | €17,612 | +€14,913 | +552.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,467 | - | +€6,467 | |
| Other operating charges | 640/8 | €13,329 | €17,897 | +€4,568 | +34.3% |
| Gross operating margin | 9900 | €227,586 | €262,264 | +€34,678 | +15.2% |
| Operating profit (loss) | 9901 | €54,666 | €36,426 | -€18,241 | -33.4% |
| Financial income | 75/76B | €82 | €312 | +€230 | +278.8% |
| Recurring financial income | 75 | €82 | €312 | +€230 | +278.8% |
| Financial charges | 65/66B | €12 | €4,735 | +€4,723 | +39293.2% |
| Recurring financial charges | 65 | €12 | €4,735 | +€4,723 | +39293.2% |
| Profit (loss) for the period before taxes | 9903 | €54,737 | €32,002 | -€22,734 | -41.5% |
| Income taxes | 67/77 | €4,976 | €7,931 | +€2,955 | +59.4% |
| Profit (loss) for the period | 9904 | €49,761 | €24,071 | -€25,689 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,761 | €24,071 | -€25,689 | -51.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.