Pupko: 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.
Pupko
Largest movements
- Tangible fixed assets -€4,612
no longer reported in 2025 (was €4,612)
- Formation expenses +€4,416
new in 2025: €4,416
- Cash +€849
up €849 (+20.2%), from €4,201 to €5,050
- Stocks and contracts -€268
down €268 (-59.6%), from €450 to €182
- Trade debts -€7,714
no longer reported in 2025 (was €7,714)
- Current portion of long-term debt +€6,480
new in 2025: €6,480
- Reserves +€1,584
new in 2025: €1,584
- Turnover +€6,519
up €6,519 (+1375.4%), from €474 to €6,993
- Purchases and services +€3,907
up €3,907 (+151.9%), from €2,572 to €6,480
- Other operating charges +€2,098
new in 2025: €2,098
- Financial charges -€2,098
new in 2025: -€2,098
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,263 | €9,648 | +€385 | +4.2% |
| Formation expenses | 20 | - | €4,416 | +€4,416 | |
| Fixed assets | 21/28 | €4,612 | - | -€4,612 | |
| Tangible fixed assets | 22/27 | €4,612 | - | -€4,612 | |
| Plant, machinery and equipment | 23 | €4,612 | - | -€4,612 | |
| Current assets | 29/58 | €4,651 | €5,232 | +€581 | +12.5% |
| Stocks and contracts in progress | 3 | €450 | €182 | -€268 | -59.6% |
| Stocks | 30/36 | €450 | €182 | -€268 | -59.6% |
| Cash at bank and in hand | 54/58 | €4,201 | €5,050 | +€849 | +20.2% |
| Total equity and liabilities | 10/49 | €9,263 | €9,648 | +€385 | +4.2% |
| Equity | 10/15 | €1,548 | €3,168 | +€1,620 | +104.6% |
| Contributions | 10/11 | €1,548 | €1,584 | +€36 | +2.3% |
| Capital | 10 | €1,548 | - | -€1,548 | |
| Issued capital | 100 | €1,548 | - | -€1,548 | |
| Reserves | 13 | - | €1,584 | +€1,584 | |
| Tax-exempt reserves | 132 | - | €1,584 | +€1,584 | |
| Amounts payable | 17/49 | €7,714 | €6,480 | -€1,235 | -16.0% |
| Amounts payable within one year | 42/48 | €7,714 | €6,480 | -€1,235 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,480 | +€6,480 | |
| Trade debts | 44 | €7,714 | - | -€7,714 | |
| Suppliers | 440/4 | €7,714 | - | -€7,714 | |
| Turnover | 70 | €474 | €6,993 | +€6,519 | +1375.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,572 | €6,480 | +€3,907 | +151.9% |
| Other operating charges | 640/8 | - | €2,098 | +€2,098 | |
| Operating profit (loss) | 9901 | - | -€2,098 | -€2,098 | |
| Financial charges | 65/66B | - | -€2,098 | -€2,098 | |
| Recurring financial charges | 65 | - | -€2,098 | -€2,098 | |
| Transfer to tax-exempt reserves | 689 | - | €1,584 | +€1,584 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€1,584 | -€1,584 |
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 8 October 2026 via checked.be.