PUNT: what changed
Two fiscal 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.
PUNT
Largest movements
- Cash +€26,562
up €26,562 (+54.2%), from €49,024 to €75,586
mainly Other debts (+€50,000) and Net result for the year (+€28,827)
- Receivables within one year +€5,138
up €5,138 (+43.5%), from €11,822 to €16,960
- Tangible fixed assets -€1,116
down €1,116 (-26.3%), from €4,240 to €3,124
- Other debts +€50,000
new in 2025: €50,000
- Reserves -€21,173
down €21,173 (-48.5%), from €43,621 to €22,448
- Tax, wage and social debts +€2,498
up €2,498 (+23.3%), from €10,724 to €13,222
- Gross operating margin +€7,014
up €7,014 (+23.0%), from €30,466 to €37,479
- Taxes +€1,437
up €1,437 (+24.1%), from €5,964 to €7,401
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.
Cash bridge derived
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 | €65,085 | €95,670 | +€30,584 | +47.0% |
| Fixed assets | 21/28 | €4,240 | €3,124 | -€1,116 | -26.3% |
| Tangible fixed assets | 22/27 | €4,240 | €3,124 | -€1,116 | -26.3% |
| Plant, machinery and equipment | 23 | €4,240 | €3,124 | -€1,116 | -26.3% |
| Current assets | 29/58 | €60,846 | €92,546 | +€31,700 | +52.1% |
| Amounts receivable within one year | 40/41 | €11,822 | €16,960 | +€5,138 | +43.5% |
| Trade receivables | 40 | €11,822 | €16,960 | +€5,138 | +43.5% |
| Cash at bank and in hand | 54/58 | €49,024 | €75,586 | +€26,562 | +54.2% |
| Total equity and liabilities | 10/49 | €65,085 | €95,670 | +€30,584 | +47.0% |
| Equity | 10/15 | €53,621 | €32,448 | -€21,173 | -39.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €43,621 | €22,448 | -€21,173 | -48.5% |
| Distributable reserves | 133 | €43,621 | €22,448 | -€21,173 | -48.5% |
| Amounts payable | 17/49 | €11,464 | €63,222 | +€51,758 | +451.5% |
| Amounts payable within one year | 42/48 | €11,464 | €63,222 | +€51,758 | +451.5% |
| Trade debts | 44 | €740 | - | -€740 | |
| Suppliers | 440/4 | €740 | - | -€740 | |
| Taxes, remuneration and social security | 45 | €10,724 | €13,222 | +€2,498 | +23.3% |
| Taxes | 450/3 | €10,724 | €13,222 | +€2,498 | +23.3% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116 | €1,116 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €30,466 | €37,479 | +€7,014 | +23.0% |
| Operating profit (loss) | 9901 | €29,232 | €36,243 | +€7,012 | +24.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €173 | €17 | -€156 | -90.2% |
| Recurring financial charges | 65 | €173 | €17 | -€156 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €29,059 | €36,228 | +€7,169 | +24.7% |
| Income taxes | 67/77 | €5,964 | €7,401 | +€1,437 | +24.1% |
| Profit (loss) for the period | 9904 | €23,096 | €28,827 | +€5,731 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,096 | €28,827 | +€5,731 | +24.8% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.