PUNTAZO: 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.
PUNTAZO
Largest movements
- Stocks and contracts +€3,429
up €3,429 (+14.5%), from €23,644 to €27,073
- Receivables within one year -€1,573
down €1,573 (-39.4%), from €3,988 to €2,415
of which Other amounts receivable: -€1,617
- Cash -€664
down €664 (-93.8%), from €707 to €44
mainly Net result for the year (-€12,243) and Stocks and contracts (-€3,429)
- Other debts +€13,429
up €13,429 (+22.3%), from €60,121 to €73,550
- Profit (loss) carried forward -€12,243
down €12,243 (-43.3%), from -€28,249 to -€40,493
- Gross operating margin +€3,557
up €3,557 (+28.7%), from -€12,414 to -€8,857
- Depreciation +€2,081
up €2,081 (+278.7%), from €747 to €2,827
- Other operating charges +€400
new in 2025: €400
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 | €35,017 | €36,240 | +€1,223 | +3.5% |
| Fixed assets | 21/28 | €6,678 | €6,708 | +€30 | +0.4% |
| Tangible fixed assets | 22/27 | €6,678 | €6,708 | +€30 | +0.4% |
| Plant, machinery and equipment | 23 | €6,678 | €4,233 | -€2,445 | -36.6% |
| Furniture and vehicles | 24 | - | €2,475 | +€2,475 | |
| Current assets | 29/58 | €28,339 | €29,532 | +€1,193 | +4.2% |
| Stocks and contracts in progress | 3 | €23,644 | €27,073 | +€3,429 | +14.5% |
| Stocks | 30/36 | €23,644 | €27,073 | +€3,429 | +14.5% |
| Amounts receivable within one year | 40/41 | €3,988 | €2,415 | -€1,573 | -39.4% |
| Trade receivables | 40 | €2,217 | €2,261 | +€44 | +2.0% |
| Other amounts receivable | 41 | €1,771 | €154 | -€1,617 | -91.3% |
| Cash at bank and in hand | 54/58 | €707 | €44 | -€664 | -93.8% |
| Total equity and liabilities | 10/49 | €35,017 | €36,240 | +€1,223 | +3.5% |
| Equity | 10/15 | -€25,249 | -€37,493 | -€12,243 | -48.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,249 | -€40,493 | -€12,243 | -43.3% |
| Amounts payable | 17/49 | €60,266 | €73,733 | +€13,466 | +22.3% |
| Amounts payable after more than one year | 17 | - | €60 | +€60 | |
| Other amounts payable | 178/9 | - | €60 | +€60 | |
| Amounts payable within one year | 42/48 | €60,266 | €73,673 | +€13,406 | +22.2% |
| Trade debts | 44 | €145 | €122 | -€23 | -15.9% |
| Suppliers | 440/4 | €145 | €122 | -€23 | -15.9% |
| Other amounts payable | 47/48 | €60,121 | €73,550 | +€13,429 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €747 | €2,827 | +€2,081 | +278.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€12,414 | -€8,857 | +€3,557 | +28.7% |
| Operating profit (loss) | 9901 | -€13,161 | -€12,084 | +€1,076 | +8.2% |
| Financial charges | 65/66B | €146 | €159 | +€13 | +8.8% |
| Recurring financial charges | 65 | €146 | €159 | +€13 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,307 | -€12,243 | +€1,064 | +8.0% |
| Profit (loss) for the period | 9904 | -€13,307 | -€12,243 | +€1,064 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,307 | -€12,243 | +€1,064 | +8.0% |
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 11 October 2026 via checked.be.