PUNKTUM: 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.
PUNKTUM
Largest movements
- Tangible fixed assets -€28,062
down €28,062 (-14.1%), from €199,290 to €171,228
of which Land and buildings: -€26,961
- Receivables within one year +€15,209
up €15,209 (+84.4%), from €18,011 to €33,220
of which Other amounts receivable: +€12,653
- Cash -€8,221
down €8,221 (-11.9%), from €68,907 to €60,687
mainly Contributions, distributions and other (-€65,000) and Receivables within one year (-€15,209)
- Reserves -€65,000
down €65,000 (-72.7%), from €89,466 to €24,466
- Profit (loss) carried forward +€55,527
new in 2025: €55,527
- Other debts -€13,834
no longer reported in 2025 (was €13,834)
- Debts after one year -€13,466
down €13,466 (-9.8%), from €137,129 to €123,663
- Tax, wage and social debts +€11,742
up €11,742 (+130%), from €9,014 to €20,756
- Gross operating margin +€32,838
up €32,838 (+45.0%), from €73,052 to €105,890
- Depreciation +€25,774
up €25,774 (+1,766%), from €1,460 to €27,233
- Financial charges +€3,206
up €3,206 (+178%), from €1,799 to €5,005
- Other operating charges +€2,203
up €2,203 (+250%), from €881 to €3,084
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 | €287,544 | €265,178 | -€22,366 | -7.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €199,290 | €171,228 | -€28,062 | -14.1% |
| Tangible fixed assets | 22/27 | €199,290 | €171,228 | -€28,062 | -14.1% |
| Land and buildings | 22 | €197,556 | €170,595 | -€26,961 | -13.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,734 | €633 | -€1,101 | -63.5% |
| Current assets | 29/58 | €88,255 | €93,950 | +€5,696 | +6.5% |
| Amounts receivable within one year | 40/41 | €18,011 | €33,220 | +€15,209 | +84.4% |
| Trade receivables | 40 | €16,360 | €18,916 | +€2,556 | +15.6% |
| Other amounts receivable | 41 | €1,651 | €14,304 | +€12,653 | +766% |
| Cash at bank and in hand | 54/58 | €68,907 | €60,687 | -€8,221 | -11.9% |
| Deferred charges and accrued income | 490/1 | €1,337 | €44 | -€1,293 | -96.7% |
| Total equity and liabilities | 10/49 | €287,544 | €265,178 | -€22,366 | -7.8% |
| Equity | 10/15 | €91,966 | €82,492 | -€9,473 | -10.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €89,466 | €24,466 | -€65,000 | -72.7% |
| Distributable reserves | 133 | €89,466 | €24,466 | -€65,000 | -72.7% |
| Profit (loss) carried forward | 14 | - | €55,527 | +€55,527 | |
| Amounts payable | 17/49 | €195,579 | €182,686 | -€12,893 | -6.6% |
| Amounts payable after more than one year | 17 | €137,129 | €123,663 | -€13,466 | -9.8% |
| Financial debts | 170/4 | €137,129 | €123,663 | -€13,466 | -9.8% |
| Amounts payable within one year | 42/48 | €37,751 | €38,920 | +€1,170 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €12,871 | €13,377 | +€506 | +3.9% |
| Financial debts | 43 | €310 | €131 | -€178 | -57.6% |
| Credit institutions | 430/8 | €310 | €131 | -€178 | -57.6% |
| Trade debts | 44 | €1,723 | €4,657 | +€2,934 | +170% |
| Suppliers | 440/4 | €1,723 | €4,657 | +€2,934 | +170% |
| Taxes, remuneration and social security | 45 | €9,014 | €20,756 | +€11,742 | +130% |
| Taxes | 450/3 | €9,014 | €20,756 | +€11,742 | +130% |
| Other amounts payable | 47/48 | €13,834 | - | -€13,834 | |
| Accrued charges and deferred income | 492/3 | €20,699 | €20,103 | -€596 | -2.9% |
| Non-recurring operating income | 76A | - | €5,171 | +€5,171 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,460 | €27,233 | +€25,774 | +1,766% |
| Other operating charges | 640/8 | €881 | €3,084 | +€2,203 | +250% |
| Gross operating margin | 9900 | €73,052 | €105,890 | +€32,838 | +45.0% |
| Operating profit (loss) | 9901 | €70,711 | €75,573 | +€4,862 | +6.9% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €1,799 | €5,005 | +€3,206 | +178% |
| Recurring financial charges | 65 | €1,799 | €5,005 | +€3,206 | +178% |
| Profit (loss) for the period before taxes | 9903 | €68,912 | €70,596 | +€1,684 | +2.4% |
| Income taxes | 67/77 | €15,561 | €15,070 | -€491 | -3.2% |
| Profit (loss) for the period | 9904 | €53,351 | €55,527 | +€2,176 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,351 | €55,527 | +€2,176 | +4.1% |
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.