Punfyre: 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.
Punfyre
Largest movements
- Receivables within one year +€56,852
up €56,852 (+1,111%), from €5,116 to €61,968
of which Trade receivables: +€58,042
- Stocks and contracts -€37,201
down €37,201 (-100%), from €37,201 to €0
- Intangible fixed assets -€14,925
down €14,925 (-25.4%), from €58,707 to €43,782
- Tangible fixed assets -€6,375
down €6,375 (-18.8%), from €33,834 to €27,459
of which Plant, machinery and equipment: -€5,609
- Cash +€3,475
up €3,475 (+152%), from €2,292 to €5,767
mainly Stocks and contracts (+€37,201) and Depreciation (+€21,300)
- Debts after one year -€34,022
down €34,022 (-21.5%), from €157,982 to €123,960
- Tax, wage and social debts +€20,550
up €20,550 (+123%), from €16,736 to €37,286
of which Remuneration and social security: +€13,157
- Profit (loss) carried forward +€12,807
up €12,807 (+6.2%), from -€206,984 to -€194,177
- Other debts +€5,150
up €5,150 (+6.9%), from €74,518 to €79,668
- Current portion of long-term debt -€3,038
down €3,038 (-6.9%), from €44,032 to €40,994
- Gross operating margin +€54,800
up €54,800 (+112%), from €49,137 to €103,937
- Staff costs -€24,681
down €24,681 (-30.3%), from €81,467 to €56,786
- Financial charges -€4,846
down €4,846 (-29.1%), from €16,631 to €11,785
- Depreciation +€1,784
up €1,784 (+9.1%), from €19,516 to €21,300
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 | €138,593 | €141,063 | +€2,470 | +1.8% |
| Fixed assets | 21/28 | €92,541 | €72,412 | -€20,130 | -21.8% |
| Intangible fixed assets | 21 | €58,707 | €43,782 | -€14,925 | -25.4% |
| Tangible fixed assets | 22/27 | €33,834 | €27,459 | -€6,375 | -18.8% |
| Plant, machinery and equipment | 23 | €32,859 | €27,250 | -€5,609 | -17.1% |
| Furniture and vehicles | 24 | €975 | €210 | -€766 | -78.5% |
| Financial fixed assets | 28 | - | €1,170 | +€1,170 | |
| Current assets | 29/58 | €46,052 | €68,652 | +€22,600 | +49.1% |
| Stocks and contracts in progress | 3 | €37,201 | €0 | -€37,201 | -100% |
| Stocks | 30/36 | €37,201 | €0 | -€37,201 | -100% |
| Amounts receivable within one year | 40/41 | €5,116 | €61,968 | +€56,852 | +1,111% |
| Trade receivables | 40 | €3,826 | €61,868 | +€58,042 | +1,517% |
| Other amounts receivable | 41 | €1,290 | €100 | -€1,190 | -92.3% |
| Cash at bank and in hand | 54/58 | €2,292 | €5,767 | +€3,475 | +152% |
| Deferred charges and accrued income | 490/1 | €1,442 | €917 | -€525 | -36.4% |
| Total equity and liabilities | 10/49 | €138,593 | €141,063 | +€2,470 | +1.8% |
| Equity | 10/15 | -€164,252 | -€151,446 | +€12,807 | +7.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €42,730 | €42,730 | = | 0.0% |
| Distributable reserves | 133 | €42,730 | €42,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,984 | -€194,177 | +€12,807 | +6.2% |
| Amounts payable | 17/49 | €302,846 | €292,509 | -€10,336 | -3.4% |
| Amounts payable after more than one year | 17 | €157,982 | €123,960 | -€34,022 | -21.5% |
| Financial debts | 170/4 | €157,982 | €123,960 | -€34,022 | -21.5% |
| Amounts payable within one year | 42/48 | €144,864 | €168,548 | +€23,685 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €44,032 | €40,994 | -€3,038 | -6.9% |
| Trade debts | 44 | €9,578 | €10,600 | +€1,022 | +10.7% |
| Suppliers | 440/4 | €9,578 | €10,600 | +€1,022 | +10.7% |
| Taxes, remuneration and social security | 45 | €16,736 | €37,286 | +€20,550 | +123% |
| Taxes | 450/3 | €9,529 | €16,922 | +€7,393 | +77.6% |
| Remuneration and social security | 454/9 | €7,207 | €20,364 | +€13,157 | +183% |
| Other amounts payable | 47/48 | €74,518 | €79,668 | +€5,150 | +6.9% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | +€0 | |
| Non-recurring operating income | 76A | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €81,467 | €56,786 | -€24,681 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,516 | €21,300 | +€1,784 | +9.1% |
| Other operating charges | 640/8 | €1,360 | €1,108 | -€253 | -18.6% |
| Gross operating margin | 9900 | €49,137 | €103,937 | +€54,800 | +112% |
| Operating profit (loss) | 9901 | -€53,207 | €24,743 | +€77,950 | |
| Financial income | 75/76B | €0 | €144 | +€143 | +35,813% |
| Recurring financial income | 75 | €0 | €144 | +€143 | +35,813% |
| Financial charges | 65/66B | €16,631 | €11,785 | -€4,846 | -29.1% |
| Recurring financial charges | 65 | €16,631 | €11,785 | -€4,846 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | -€69,838 | €13,102 | +€82,939 | |
| Income taxes | 67/77 | €280 | €295 | +€15 | +5.4% |
| Profit (loss) for the period | 9904 | -€70,117 | €12,807 | +€82,924 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,117 | €12,807 | +€82,924 |
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 29 October 2026 via checked.be.