PUNDIT: what changed
Two financial 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.
PUNDIT
Largest movements
- Current investments +€80,000
up €80,000 (+80.0%), from €100,000 to €180,000
- Tangible fixed assets -€9,273
down €9,273 (-23.1%), from €40,106 to €30,832
of which Furniture and vehicles: -€8,966
- Cash +€6,516
up €6,516 (+19.1%), from €34,174 to €40,690
mainly Net result for the year (+€80,048) and Depreciation (+€10,402)
- Reserves +€80,048
up €80,048 (+69.5%), from €115,241 to €195,289
- Other debts -€4,736
down €4,736 (-44.0%), from €10,772 to €6,037
- Tax, wage and social debts +€3,991
up €3,991 (+10.0%), from €40,055 to €44,046
- Trade debts -€3,129
down €3,129 (-98.7%), from €3,169 to €40
- Gross operating margin -€4,378
down €4,378 (-3.8%), from €115,938 to €111,560
- Depreciation +€1,811
up €1,811 (+21.1%), from €8,591 to €10,402
- Taxes -€1,538
down €1,538 (-7.1%), from €21,814 to €20,276
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.
Derived cash bridge
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 | €179,438 | €255,611 | +€76,173 | +42.5% |
| Fixed assets | 21/28 | €44,956 | €34,554 | -€10,402 | -23.1% |
| Intangible fixed assets | 21 | €4,850 | €3,721 | -€1,129 | -23.3% |
| Tangible fixed assets | 22/27 | €40,106 | €30,832 | -€9,273 | -23.1% |
| Plant, machinery and equipment | 23 | €2,911 | €2,604 | -€307 | -10.6% |
| Furniture and vehicles | 24 | €37,194 | €28,228 | -€8,966 | -24.1% |
| Current assets | 29/58 | €134,482 | €221,057 | +€86,575 | +64.4% |
| Amounts receivable within one year | 40/41 | - | €367 | +€367 | |
| Trade receivables | 40 | - | €348 | +€348 | |
| Other amounts receivable | 41 | - | €19 | +€19 | |
| Current investments | 50/53 | €100,000 | €180,000 | +€80,000 | +80.0% |
| Cash at bank and in hand | 54/58 | €34,174 | €40,690 | +€6,516 | +19.1% |
| Deferred charges and accrued income | 490/1 | €308 | €0 | -€308 | -100% |
| Total equity and liabilities | 10/49 | €179,438 | €255,611 | +€76,173 | +42.5% |
| Equity | 10/15 | €125,241 | €205,289 | +€80,048 | +63.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €115,241 | €195,289 | +€80,048 | +69.5% |
| Distributable reserves | 133 | €115,241 | €195,289 | +€80,048 | +69.5% |
| Amounts payable | 17/49 | €54,197 | €50,322 | -€3,875 | -7.1% |
| Amounts payable within one year | 42/48 | €53,997 | €50,122 | -€3,875 | -7.2% |
| Trade debts | 44 | €3,169 | €40 | -€3,129 | -98.7% |
| Suppliers | 440/4 | €3,169 | €40 | -€3,129 | -98.7% |
| Taxes, remuneration and social security | 45 | €40,055 | €44,046 | +€3,991 | +10.0% |
| Taxes | 450/3 | €40,055 | €44,046 | +€3,991 | +10.0% |
| Other amounts payable | 47/48 | €10,772 | €6,037 | -€4,736 | -44.0% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,591 | €10,402 | +€1,811 | +21.1% |
| Other operating charges | 640/8 | €719 | €644 | -€75 | -10.5% |
| Gross operating margin | 9900 | €115,938 | €111,560 | -€4,378 | -3.8% |
| Operating profit (loss) | 9901 | €106,627 | €100,514 | -€6,114 | -5.7% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €23 | €190 | +€167 | +737% |
| Recurring financial charges | 65 | €23 | €190 | +€167 | +737% |
| Profit (loss) for the period before taxes | 9903 | €106,611 | €100,324 | -€6,287 | -5.9% |
| Income taxes | 67/77 | €21,814 | €20,276 | -€1,538 | -7.1% |
| Profit (loss) for the period | 9904 | €84,797 | €80,048 | -€4,749 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,797 | €80,048 | -€4,749 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.