PUNTA ALTA: what changed
PUNTA ALTA
Largest movements
- Receivables within one year -€7,839
down €7,839 (-57.9%), from €13,551 to €5,711
of which Trade receivables: -€8,318
- Deferred charges and accrued income +€4,070
new in 2025: €4,070
- Cash +€2,764
new in 2025: €2,764
mainly Other debts (+€27,805) and Receivables within one year (+€7,839)
- Other debts +€27,805
up €27,805 (+518%), from €5,369 to €33,174
- Profit (loss) carried forward -€12,564
down €12,564 (-113%), from -€11,083 to -€23,647
- Short-term financial debts -€12,085
no longer reported in 2025 (was €12,085)
- Tax, wage and social debts -€4,156
down €4,156 (-65.5%), from €6,345 to €2,188
- Gross operating margin -€1,229
down €1,229 (-13.5%), from -€9,077 to -€10,306
- Financial charges +€597
up €597 (+81.0%), from €737 to €1,334
- Other operating charges -€566
down €566 (-41.6%), from €1,361 to €795
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,486 | €21,481 | -€1,005 | -4.5% |
| Current assets | 29/58 | €22,486 | €21,481 | -€1,005 | -4.5% |
| Amounts receivable within one year | 40/41 | €13,551 | €5,711 | -€7,839 | -57.9% |
| Trade receivables | 40 | €11,175 | €2,857 | -€8,318 | -74.4% |
| Other amounts receivable | 41 | €2,376 | €2,855 | +€479 | +20.2% |
| Current investments | 50/53 | €8,936 | €8,936 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €2,764 | +€2,764 | |
| Deferred charges and accrued income | 490/1 | - | €4,070 | +€4,070 | |
| Total equity and liabilities | 10/49 | €22,486 | €21,481 | -€1,005 | -4.5% |
| Equity | 10/15 | -€3,023 | -€15,587 | -€12,564 | -416% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€11,083 | -€23,647 | -€12,564 | -113% |
| Amounts payable | 17/49 | €25,509 | €37,068 | +€11,559 | +45.3% |
| Amounts payable within one year | 42/48 | €24,580 | €36,115 | +€11,535 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €781 | €752 | -€28 | -3.6% |
| Financial debts | 43 | €12,085 | - | -€12,085 | |
| Credit institutions | 430/8 | €12,085 | - | -€12,085 | |
| Taxes, remuneration and social security | 45 | €6,345 | €2,188 | -€4,156 | -65.5% |
| Taxes | 450/3 | €6,345 | €2,188 | -€4,156 | -65.5% |
| Other amounts payable | 47/48 | €5,369 | €33,174 | +€27,805 | +518% |
| Accrued charges and deferred income | 492/3 | €929 | €953 | +€24 | +2.6% |
| Other operating charges | 640/8 | €1,361 | €795 | -€566 | -41.6% |
| Gross operating margin | 9900 | -€9,077 | -€10,306 | -€1,229 | -13.5% |
| Operating profit (loss) | 9901 | -€10,439 | -€11,102 | -€663 | -6.4% |
| Financial charges | 65/66B | €737 | €1,334 | +€597 | +81.0% |
| Recurring financial charges | 65 | €737 | €1,334 | +€597 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,176 | -€12,435 | -€1,260 | -11.3% |
| Income taxes | 67/77 | €124 | €129 | +€5 | +3.7% |
| Profit (loss) for the period | 9904 | -€11,300 | -€12,564 | -€1,264 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,300 | -€12,564 | -€1,264 | -11.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.