Punjabi: 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.
Punjabi
Largest movements
- Cash +€6,278
up €6,278 (+74.1%), from €8,474 to €14,753
mainly Net result for the year (+€22,753) and Stocks and contracts (+€1,660)
- Stocks and contracts -€1,660
down €1,660 (-6.1%), from €27,123 to €25,463
- Tangible fixed assets -€1,615
down €1,615 (-33.9%), from €4,762 to €3,146
of which Plant, machinery and equipment: -€954
- Profit (loss) carried forward +€15,737
up €15,737, from -€15,544 to €193
- Short-term financial debts -€13,450
down €13,450 (-100%), from €13,450 to €0
- Staff costs -€30,375
down €30,375 (-98.2%), from €30,928 to €553
- Gross operating margin -€24,556
down €24,556 (-44.7%), from €54,946 to €30,390
- Other operating charges -€7,010
down €7,010 (-78.8%), from €8,900 to €1,890
- Financial charges +€688
up €688 (+23.7%), from €2,897 to €3,584
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 | €47,064 | €49,630 | +€2,566 | +5.5% |
| Fixed assets | 21/28 | €9,562 | €7,946 | -€1,615 | -16.9% |
| Tangible fixed assets | 22/27 | €4,762 | €3,146 | -€1,615 | -33.9% |
| Plant, machinery and equipment | 23 | €3,339 | €2,385 | -€954 | -28.6% |
| Furniture and vehicles | 24 | €1,423 | €761 | -€662 | -46.5% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €37,502 | €41,683 | +€4,181 | +11.1% |
| Stocks and contracts in progress | 3 | €27,123 | €25,463 | -€1,660 | -6.1% |
| Stocks | 30/36 | €27,123 | €25,463 | -€1,660 | -6.1% |
| Amounts receivable within one year | 40/41 | €1,904 | €1,467 | -€437 | -22.9% |
| Other amounts receivable | 41 | €1,904 | €1,467 | -€437 | -22.9% |
| Cash at bank and in hand | 54/58 | €8,474 | €14,753 | +€6,278 | +74.1% |
| Total equity and liabilities | 10/49 | €47,064 | €49,630 | +€2,566 | +5.5% |
| Equity | 10/15 | €4,916 | €20,653 | +€15,737 | +320% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,544 | €193 | +€15,737 | |
| Amounts payable | 17/49 | €42,148 | €28,976 | -€13,171 | -31.3% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,148 | €8,976 | -€13,171 | -59.5% |
| Financial debts | 43 | €13,450 | €0 | -€13,450 | -100% |
| Other loans | 439 | €13,450 | €0 | -€13,450 | -100% |
| Trade debts | 44 | €3,490 | €3,750 | +€260 | +7.4% |
| Suppliers | 440/4 | €3,490 | €3,750 | +€260 | +7.4% |
| Taxes, remuneration and social security | 45 | €5,208 | €5,227 | +€19 | +0.4% |
| Taxes | 450/3 | €4,215 | €5,227 | +€1,011 | +24.0% |
| Remuneration and social security | 454/9 | €993 | €0 | -€993 | -100% |
| Remuneration, social security and pensions | 62 | €30,928 | €553 | -€30,375 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,615 | €1,615 | = | 0.0% |
| Other operating charges | 640/8 | €8,900 | €1,890 | -€7,010 | -78.8% |
| Gross operating margin | 9900 | €54,946 | €30,390 | -€24,556 | -44.7% |
| Operating profit (loss) | 9901 | €13,503 | €26,331 | +€12,828 | +95.0% |
| Financial income | 75/76B | €0 | €6 | +€6 | +14,950% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +14,950% |
| Financial charges | 65/66B | €2,897 | €3,584 | +€688 | +23.7% |
| Recurring financial charges | 65 | €2,897 | €3,584 | +€688 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €10,606 | €22,753 | +€12,147 | +115% |
| Profit (loss) for the period | 9904 | €10,606 | €22,753 | +€12,147 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €10,606 | €22,753 | +€12,147 | +115% |
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 14 October 2026 via checked.be.