PUNGBU: 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.
PUNGBU
Largest movements
- Receivables after one year +€64,320
up €64,320 (+35.5%), from €181,130 to €245,450
- Receivables within one year +€31,980
up €31,980 (+259%), from €12,371 to €44,351
of which Trade receivables: +€28,129
- Cash -€13,292
down €13,292 (-56.7%), from €23,435 to €10,143
mainly Receivables after one year (-€64,320) and Receivables within one year (-€31,980)
- Tangible fixed assets +€3,177
up €3,177 (+27.7%), from €11,460 to €14,637
of which Furniture and vehicles: +€2,269
- Profit (loss) carried forward +€78,352
up €78,352 (+39.1%), from €200,597 to €278,949
- Accrued charges and deferred income +€27,000
new in 2025: €27,000
- Tax, wage and social debts -€22,094
down €22,094 (-96.8%), from €22,830 to €736
- Gross operating margin -€39,961
down €39,961 (-26.3%), from €151,918 to €111,957
- Financial income +€3,820
new in 2025: €3,820
- Taxes +€3,731
up €3,731 (+13.3%), from €28,125 to €31,856
- Depreciation +€1,978
up €1,978 (+65.6%), from €3,014 to €4,992
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 | €228,396 | €315,451 | +€87,055 | +38.1% |
| Fixed assets | 21/28 | €11,460 | €14,637 | +€3,177 | +27.7% |
| Tangible fixed assets | 22/27 | €11,460 | €14,637 | +€3,177 | +27.7% |
| Furniture and vehicles | 24 | €11,460 | €13,729 | +€2,269 | +19.8% |
| Other tangible fixed assets | 26 | - | €908 | +€908 | |
| Current assets | 29/58 | €216,936 | €300,814 | +€83,878 | +38.7% |
| Amounts receivable after more than one year | 29 | €181,130 | €245,450 | +€64,320 | +35.5% |
| Other amounts receivable | 291 | €181,130 | €245,450 | +€64,320 | +35.5% |
| Amounts receivable within one year | 40/41 | €12,371 | €44,351 | +€31,980 | +259% |
| Trade receivables | 40 | €2,360 | €30,489 | +€28,129 | +1,192% |
| Other amounts receivable | 41 | €10,011 | €13,862 | +€3,851 | +38.5% |
| Cash at bank and in hand | 54/58 | €23,435 | €10,143 | -€13,292 | -56.7% |
| Deferred charges and accrued income | 490/1 | - | €870 | +€870 | |
| Total equity and liabilities | 10/49 | €228,396 | €315,451 | +€87,055 | +38.1% |
| Equity | 10/15 | €201,847 | €280,199 | +€78,352 | +38.8% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,597 | €278,949 | +€78,352 | +39.1% |
| Amounts payable | 17/49 | €26,549 | €35,252 | +€8,703 | +32.8% |
| Amounts payable within one year | 42/48 | €26,549 | €8,252 | -€18,297 | -68.9% |
| Trade debts | 44 | €2,293 | €3,176 | +€883 | +38.5% |
| Suppliers | 440/4 | €2,293 | €3,176 | +€883 | +38.5% |
| Taxes, remuneration and social security | 45 | €22,830 | €736 | -€22,094 | -96.8% |
| Taxes | 450/3 | €22,830 | €736 | -€22,094 | -96.8% |
| Other amounts payable | 47/48 | €1,426 | €4,340 | +€2,914 | +204% |
| Accrued charges and deferred income | 492/3 | - | €27,000 | +€27,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,014 | €4,992 | +€1,978 | +65.6% |
| Other operating charges | 640/8 | €384 | €399 | +€15 | +3.9% |
| Gross operating margin | 9900 | €151,918 | €111,957 | -€39,961 | -26.3% |
| Operating profit (loss) | 9901 | €148,520 | €106,566 | -€41,954 | -28.2% |
| Financial income | 75/76B | - | €3,820 | +€3,820 | |
| Recurring financial income | 75 | - | €3,820 | +€3,820 | |
| Financial charges | 65/66B | €281 | €178 | -€103 | -36.7% |
| Recurring financial charges | 65 | €281 | €178 | -€103 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €148,239 | €110,208 | -€38,031 | -25.7% |
| Income taxes | 67/77 | €28,125 | €31,856 | +€3,731 | +13.3% |
| Profit (loss) for the period | 9904 | €120,114 | €78,352 | -€41,762 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €120,114 | €78,352 | -€41,762 | -34.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.