Punter & Partners: 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.
Punter & Partners
Largest movements
- Cash +€10,861
up €10,861 (+7.8%), from €139,971 to €150,832
mainly Net result for the year (+€29,944) and Other debts (+€5,663)
- Tangible fixed assets -€2,006
down €2,006 (-34.0%), from €5,899 to €3,893
of which Plant, machinery and equipment: -€1,475
- Receivables within one year +€1,819
up €1,819 (+37.6%), from €4,840 to €6,659
of which Other amounts receivable: +€1,819
- Reserves +€29,944
up €29,944 (+32.8%), from €91,370 to €121,313
- Tax, wage and social debts -€26,022
down €26,022 (-66.0%), from €39,453 to €13,431
of which Taxes: -€30,768
- Other debts +€5,663
up €5,663 (+42.8%), from €13,223 to €18,886
- Gross operating margin +€52,517
up €52,517 (+182%), from €28,801 to €81,318
- Staff costs +€14,378
up €14,378 (+64.5%), from €22,302 to €36,681
- Taxes +€10,250
up €10,250 (+864%), from €1,186 to €11,435
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 | €150,710 | €161,384 | +€10,674 | +7.1% |
| Fixed assets | 21/28 | €5,899 | €3,893 | -€2,006 | -34.0% |
| Tangible fixed assets | 22/27 | €5,899 | €3,893 | -€2,006 | -34.0% |
| Plant, machinery and equipment | 23 | €5,336 | €3,861 | -€1,475 | -27.6% |
| Furniture and vehicles | 24 | €563 | €32 | -€531 | -94.3% |
| Current assets | 29/58 | €144,811 | €157,491 | +€12,680 | +8.8% |
| Amounts receivable within one year | 40/41 | €4,840 | €6,659 | +€1,819 | +37.6% |
| Trade receivables | 40 | €4,840 | €4,840 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,819 | +€1,819 | |
| Cash at bank and in hand | 54/58 | €139,971 | €150,832 | +€10,861 | +7.8% |
| Total equity and liabilities | 10/49 | €150,710 | €161,384 | +€10,674 | +7.1% |
| Equity | 10/15 | €95,370 | €125,313 | +€29,944 | +31.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €91,370 | €121,313 | +€29,944 | +32.8% |
| Distributable reserves | 133 | €91,370 | €121,313 | +€29,944 | +32.8% |
| Amounts payable | 17/49 | €55,341 | €36,071 | -€19,270 | -34.8% |
| Amounts payable within one year | 42/48 | €53,606 | €33,991 | -€19,615 | -36.6% |
| Trade debts | 44 | €930 | €1,674 | +€745 | +80.1% |
| Suppliers | 440/4 | €930 | €1,674 | +€745 | +80.1% |
| Taxes, remuneration and social security | 45 | €39,453 | €13,431 | -€26,022 | -66.0% |
| Taxes | 450/3 | €39,453 | €8,685 | -€30,768 | -78.0% |
| Remuneration and social security | 454/9 | - | €4,746 | +€4,746 | |
| Other amounts payable | 47/48 | €13,223 | €18,886 | +€5,663 | +42.8% |
| Accrued charges and deferred income | 492/3 | €1,735 | €2,080 | +€345 | +19.9% |
| Remuneration, social security and pensions | 62 | €22,302 | €36,681 | +€14,378 | +64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,956 | €2,006 | +€50 | +2.6% |
| Other operating charges | 640/8 | €690 | €1,199 | +€509 | +73.8% |
| Gross operating margin | 9900 | €28,801 | €81,318 | +€52,517 | +182% |
| Operating profit (loss) | 9901 | €3,853 | €41,433 | +€37,580 | +975% |
| Financial charges | 65/66B | €118 | €54 | -€63 | -53.9% |
| Recurring financial charges | 65 | €118 | €54 | -€63 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €3,736 | €41,379 | +€37,643 | +1,008% |
| Income taxes | 67/77 | €1,186 | €11,435 | +€10,250 | +864% |
| Profit (loss) for the period | 9904 | €2,550 | €29,944 | +€27,394 | +1,074% |
| Profit (loss) for the period to be appropriated | 9905 | €2,550 | €29,944 | +€27,394 | +1,074% |
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 31 October 2026 via checked.be.