PUNT HOLDING: 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.
PUNT HOLDING
Largest movements
- Receivables within one year +€318,848
up €318,848 (+26,524%), from €1,202 to €320,050
of which Trade receivables: +€320,000
- Tangible fixed assets -€263,240
down €263,240 (-6.9%), from €3.8m to €3.5m
of which Land and buildings: -€231,877
- Cash +€145,385
up €145,385 (+41.5%), from €350,131 to €495,516
mainly Depreciation (+€275,543) and Net result for the year (+€233,549)
- Profit (loss) carried forward +€233,549
up €233,549 (+13.3%), from -€1.8m to -€1.5m
- Gross operating margin +€508,390
up €508,390 (+741%), from €68,653 to €577,043
- Depreciation -€62,069
down €62,069 (-18.4%), from €337,612 to €275,543
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 | €4,646,792 | €4,845,902 | +€199,111 | +4.3% |
| Fixed assets | 21/28 | €3,801,991 | €3,538,751 | -€263,240 | -6.9% |
| Tangible fixed assets | 22/27 | €3,801,546 | €3,538,306 | -€263,240 | -6.9% |
| Land and buildings | 22 | €3,647,632 | €3,415,755 | -€231,877 | -6.4% |
| Plant, machinery and equipment | 23 | €6,819 | €9,557 | +€2,739 | +40.2% |
| Furniture and vehicles | 24 | €147,095 | €112,993 | -€34,102 | -23.2% |
| Financial fixed assets | 28 | €445 | €445 | = | 0.0% |
| Current assets | 29/58 | €844,801 | €1,307,152 | +€462,351 | +54.7% |
| Amounts receivable within one year | 40/41 | €1,202 | €320,050 | +€318,848 | +26,524% |
| Trade receivables | 40 | - | €320,000 | +€320,000 | |
| Other amounts receivable | 41 | €1,202 | €50 | -€1,152 | -95.8% |
| Current investments | 50/53 | €493,106 | €490,451 | -€2,655 | -0.5% |
| Cash at bank and in hand | 54/58 | €350,131 | €495,516 | +€145,385 | +41.5% |
| Deferred charges and accrued income | 490/1 | €361 | €1,134 | +€773 | +214% |
| Total equity and liabilities | 10/49 | €4,646,792 | €4,845,902 | +€199,111 | +4.3% |
| Equity | 10/15 | €4,570,383 | €4,803,932 | +€233,549 | +5.1% |
| Contributions | 10/11 | €6,318,600 | €6,318,600 | = | 0.0% |
| Reserves | 13 | €2,879 | €2,879 | = | 0.0% |
| Distributable reserves | 133 | €2,879 | €2,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,751,095 | -€1,517,546 | +€233,549 | +13.3% |
| Amounts payable | 17/49 | €76,408 | €41,970 | -€34,439 | -45.1% |
| Amounts payable within one year | 42/48 | €76,408 | €41,970 | -€34,439 | -45.1% |
| Trade debts | 44 | €39,263 | €14,494 | -€24,769 | -63.1% |
| Suppliers | 440/4 | €39,263 | €14,494 | -€24,769 | -63.1% |
| Taxes, remuneration and social security | 45 | €21,156 | €19,525 | -€1,631 | -7.7% |
| Taxes | 450/3 | €8,591 | €15,973 | +€7,382 | +85.9% |
| Remuneration and social security | 454/9 | €12,564 | €3,552 | -€9,013 | -71.7% |
| Other amounts payable | 47/48 | €15,990 | €7,951 | -€8,039 | -50.3% |
| Remuneration, social security and pensions | 62 | €52,119 | €52,789 | +€670 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337,612 | €275,543 | -€62,069 | -18.4% |
| Other operating charges | 640/8 | €10,036 | €11,055 | +€1,019 | +10.2% |
| Gross operating margin | 9900 | €68,653 | €577,043 | +€508,390 | +741% |
| Operating profit (loss) | 9901 | -€331,114 | €237,656 | +€568,770 | |
| Financial income | 75/76B | - | €832 | +€832 | |
| Recurring financial income | 75 | - | €832 | +€832 | |
| Financial charges | 65/66B | €2,965 | €3,198 | +€234 | +7.9% |
| Recurring financial charges | 65 | €2,965 | €3,198 | +€234 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | -€334,079 | €235,290 | +€569,368 | |
| Income taxes | 67/77 | €1,596 | €1,741 | +€145 | +9.1% |
| Profit (loss) for the period | 9904 | -€335,674 | €233,549 | +€569,224 | |
| Profit (loss) for the period to be appropriated | 9905 | -€335,674 | €233,549 | +€569,224 |
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 30 October 2026 via checked.be.