Puracos: 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.
Puracos
Largest movements
- Tangible fixed assets -€246,527
down €246,527 (-72.9%), from €338,070 to €91,543
of which Land and buildings: -€214,311
- Cash -€44,212
down €44,212 (-66.7%), from €66,276 to €22,064
mainly Contributions, distributions and other (-€194,222) and Debts after one year (-€35,061)
- Stocks and contracts -€37,819
down €37,819 (-19.9%), from €189,690 to €151,871
- Receivables within one year +€7,569
up €7,569 (+10.3%), from €73,296 to €80,865
of which Trade receivables: +€9,136
- Profit (loss) carried forward -€162,490
down €162,490 (-73.9%), from €219,860 to €57,370
- Debts after one year -€35,061
down €35,061 (-48.1%), from €72,872 to €37,812
- Contributions -€31,055
down €31,055 (-69.0%), from €45,000 to €13,945
- Trade debts -€23,973
down €23,973 (-47.2%), from €50,840 to €26,867
- Tax, wage and social debts -€22,670
down €22,670 (-26.8%), from €84,739 to €62,068
of which Remuneration and social security: -€19,543
- Gross operating margin -€61,882
down €61,882 (-18.4%), from €335,793 to €273,911
- Staff costs -€58,512
down €58,512 (-19.5%), from €299,794 to €241,281
- Provisions +€14,887
up €14,887 (+47.4%), from -€31,415 to -€16,529
- Depreciation -€11,969
down €11,969 (-25.4%), from €47,201 to €35,233
- Other operating charges +€9,292
up €9,292 (+112%), from €8,275 to €17,567
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 | €691,247 | €366,543 | -€324,703 | -47.0% |
| Fixed assets | 21/28 | €350,798 | €101,254 | -€249,544 | -71.1% |
| Intangible fixed assets | 21 | €12,728 | €9,711 | -€3,017 | -23.7% |
| Tangible fixed assets | 22/27 | €338,070 | €91,543 | -€246,527 | -72.9% |
| Land and buildings | 22 | €214,311 | €0 | -€214,311 | -100% |
| Plant, machinery and equipment | 23 | €8,724 | €4,712 | -€4,012 | -46.0% |
| Furniture and vehicles | 24 | €76,226 | €54,483 | -€21,743 | -28.5% |
| Other tangible fixed assets | 26 | €38,809 | €32,348 | -€6,461 | -16.6% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €340,449 | €265,289 | -€75,160 | -22.1% |
| Stocks and contracts in progress | 3 | €189,690 | €151,871 | -€37,819 | -19.9% |
| Stocks | 30/36 | €189,690 | €151,871 | -€37,819 | -19.9% |
| Amounts receivable within one year | 40/41 | €73,296 | €80,865 | +€7,569 | +10.3% |
| Trade receivables | 40 | €55,048 | €64,184 | +€9,136 | +16.6% |
| Other amounts receivable | 41 | €18,248 | €16,681 | -€1,567 | -8.6% |
| Cash at bank and in hand | 54/58 | €66,276 | €22,064 | -€44,212 | -66.7% |
| Deferred charges and accrued income | 490/1 | €11,187 | €10,489 | -€698 | -6.2% |
| Total equity and liabilities | 10/49 | €691,247 | €366,543 | -€324,703 | -47.0% |
| Equity | 10/15 | €281,360 | €76,428 | -€204,932 | -72.8% |
| Contributions | 10/11 | €45,000 | €13,945 | -€31,055 | -69.0% |
| Reserves | 13 | €16,500 | €5,113 | -€11,387 | -69.0% |
| Tax-exempt reserves | 132 | €12,000 | €3,719 | -€8,281 | -69.0% |
| Distributable reserves | 133 | €4,500 | €1,395 | -€3,106 | -69.0% |
| Profit (loss) carried forward | 14 | €219,860 | €57,370 | -€162,490 | -73.9% |
| Investment grants | 15 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €34,083 | €17,554 | -€16,529 | -48.5% |
| Provisions for liabilities and charges | 160/5 | €34,083 | €17,554 | -€16,529 | -48.5% |
| Major repairs and maintenance | 162 | €8,132 | €0 | -€8,132 | -100% |
| Other liabilities and charges | 164/5 | €25,950 | €17,554 | -€8,396 | -32.4% |
| Amounts payable | 17/49 | €375,804 | €272,561 | -€103,243 | -27.5% |
| Amounts payable after more than one year | 17 | €72,872 | €37,812 | -€35,061 | -48.1% |
| Financial debts | 170/4 | €72,872 | €37,812 | -€35,061 | -48.1% |
| Amounts payable within one year | 42/48 | €196,297 | €145,356 | -€50,941 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €20,434 | €18,063 | -€2,372 | -11.6% |
| Trade debts | 44 | €50,840 | €26,867 | -€23,973 | -47.2% |
| Suppliers | 440/4 | €50,840 | €26,867 | -€23,973 | -47.2% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €84,739 | €62,068 | -€22,670 | -26.8% |
| Taxes | 450/3 | €14,055 | €10,928 | -€3,127 | -22.2% |
| Remuneration and social security | 454/9 | €70,684 | €51,140 | -€19,543 | -27.6% |
| Other amounts payable | 47/48 | €40,283 | €38,358 | -€1,926 | -4.8% |
| Accrued charges and deferred income | 492/3 | €106,635 | €89,393 | -€17,241 | -16.2% |
| Non-recurring operating income | 76A | €0 | €2,740 | +€2,740 | |
| Remuneration, social security and pensions | 62 | €299,794 | €241,281 | -€58,512 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,201 | €35,233 | -€11,969 | -25.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,415 | -€16,529 | +€14,887 | +47.4% |
| Other operating charges | 640/8 | €8,275 | €17,567 | +€9,292 | +112% |
| Gross operating margin | 9900 | €335,793 | €273,911 | -€61,882 | -18.4% |
| Operating profit (loss) | 9901 | €11,939 | -€3,641 | -€15,580 | |
| Financial income | 75/76B | €2,014 | €1,430 | -€584 | -29.0% |
| Recurring financial income | 75 | €2,014 | €1,430 | -€584 | -29.0% |
| Financial charges | 65/66B | €9,624 | €7,859 | -€1,765 | -18.3% |
| Recurring financial charges | 65 | €9,624 | €7,859 | -€1,765 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €4,329 | -€10,070 | -€14,399 | |
| Income taxes | 67/77 | €3,355 | €640 | -€2,715 | -80.9% |
| Profit (loss) for the period | 9904 | €974 | -€10,709 | -€11,684 | |
| Profit (loss) for the period to be appropriated | 9905 | €974 | -€10,709 | -€11,684 |
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 21 October 2026 via checked.be.