PUREO: 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.
PUREO
Largest movements
- Cash -€152,561
down €152,561 (-40.8%), from €374,314 to €221,754
mainly Contributions, distributions and other (-€375,000) and Debts after one year (-€151,017)
- Current investments -€51,000
down €51,000 (-100.0%), from €51,000 to €0
- Tangible fixed assets -€44,135
down €44,135 (-5.6%), from €785,364 to €741,229
of which Plant, machinery and equipment: -€52,249
- Receivables within one year +€34,155
up €34,155 (+386.4%), from €8,840 to €42,995
of which Other amounts receivable: +€37,538
- Other debts +€173,520
up €173,520 (+11724.3%), from €1,480 to €175,000
- Debts after one year -€151,017
down €151,017 (-28.4%), from €532,144 to €381,127
- Contributions -€120,000
down €120,000 (-44.4%), from €270,000 to €150,000
- Reserves -€77,679
down €77,679 (-42.0%), from €184,748 to €107,069
- Trade debts -€52,718
down €52,718 (-56.8%), from €92,776 to €40,058
- Gross operating margin -€82,050
down €82,050 (-10.8%), from €759,805 to €677,754
- Taxes +€32,374
new in 2025: €32,374
- Staff costs +€30,442
up €30,442 (+17.0%), from €179,111 to €209,553
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 | €1,283,815 | €1,054,115 | -€229,700 | -17.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €842,837 | €786,444 | -€56,392 | -6.7% |
| Intangible fixed assets | 21 | €57,233 | €44,975 | -€12,258 | -21.4% |
| Tangible fixed assets | 22/27 | €785,364 | €741,229 | -€44,135 | -5.6% |
| Plant, machinery and equipment | 23 | €288,210 | €235,961 | -€52,249 | -18.1% |
| Furniture and vehicles | 24 | €26,061 | €18,208 | -€7,852 | -30.1% |
| Other tangible fixed assets | 26 | €471,093 | €487,060 | +€15,967 | +3.4% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €440,979 | €267,671 | -€173,308 | -39.3% |
| Amounts receivable within one year | 40/41 | €8,840 | €42,995 | +€34,155 | +386.4% |
| Trade receivables | 40 | €6,289 | €2,906 | -€3,383 | -53.8% |
| Other amounts receivable | 41 | €2,551 | €40,089 | +€37,538 | +1471.5% |
| Current investments | 50/53 | €51,000 | €0 | -€51,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €374,314 | €221,754 | -€152,561 | -40.8% |
| Deferred charges and accrued income | 490/1 | €6,824 | €2,922 | -€3,902 | -57.2% |
| Total equity and liabilities | 10/49 | €1,283,815 | €1,054,115 | -€229,700 | -17.9% |
| Equity | 10/15 | €454,748 | €257,069 | -€197,679 | -43.5% |
| Contributions | 10/11 | €270,000 | €150,000 | -€120,000 | -44.4% |
| Reserves | 13 | €184,748 | €107,069 | -€77,679 | -42.0% |
| Distributable reserves | 133 | €184,748 | €107,069 | -€77,679 | -42.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €829,067 | €797,046 | -€32,022 | -3.9% |
| Amounts payable after more than one year | 17 | €532,144 | €381,127 | -€151,017 | -28.4% |
| Financial debts | 170/4 | €532,144 | €381,127 | -€151,017 | -28.4% |
| Amounts payable within one year | 42/48 | €276,553 | €384,924 | +€108,370 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €122,954 | €98,142 | -€24,812 | -20.2% |
| Trade debts | 44 | €92,776 | €40,058 | -€52,718 | -56.8% |
| Suppliers | 440/4 | €92,776 | €40,058 | -€52,718 | -56.8% |
| Advances received on contracts in progress | 46 | €38,693 | €35,578 | -€3,115 | -8.1% |
| Taxes, remuneration and social security | 45 | €20,650 | €36,146 | +€15,496 | +75.0% |
| Taxes | 450/3 | €4,789 | €7,265 | +€2,476 | +51.7% |
| Remuneration and social security | 454/9 | €15,862 | €28,881 | +€13,020 | +82.1% |
| Other amounts payable | 47/48 | €1,480 | €175,000 | +€173,520 | +11724.3% |
| Accrued charges and deferred income | 492/3 | €20,370 | €30,995 | +€10,625 | +52.2% |
| Remuneration, social security and pensions | 62 | €179,111 | €209,553 | +€30,442 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,206 | €161,714 | +€3,509 | +2.2% |
| Other operating charges | 640/8 | €48,990 | €45,911 | -€3,079 | -6.3% |
| Gross operating margin | 9900 | €759,805 | €677,754 | -€82,050 | -10.8% |
| Operating profit (loss) | 9901 | €373,499 | €260,577 | -€112,922 | -30.2% |
| Financial income | 75/76B | €3,638 | €1,808 | -€1,830 | -50.3% |
| Recurring financial income | 75 | €3,638 | €1,808 | -€1,830 | -50.3% |
| Financial charges | 65/66B | €57,965 | €52,689 | -€5,277 | -9.1% |
| Recurring financial charges | 65 | €57,965 | €52,689 | -€5,277 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €319,171 | €209,696 | -€109,476 | -34.3% |
| Income taxes | 67/77 | - | €32,374 | +€32,374 | |
| Profit (loss) for the period | 9904 | €319,171 | €177,321 | -€141,850 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €319,171 | €177,321 | -€141,850 | -44.4% |
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 4 October 2026 via checked.be.