Pushpa: 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.
Pushpa
Largest movements
- Stocks and contracts +€4,471
up €4,471 (+8.5%), from €52,740 to €57,211
- Cash +€1,104
up €1,104 (+45.5%), from €2,427 to €3,531
mainly Trade debts (+€4,233) and Net result for the year (+€2,852)
- Trade debts +€4,233
up €4,233 (+74.1%), from €5,714 to €9,947
- Profit (loss) carried forward +€2,852
up €2,852 (+19.1%), from €14,927 to €17,779
- Other debts -€2,790
down €2,790 (-30.8%), from €9,064 to €6,273
- Tax, wage and social debts +€1,399
up €1,399 (+12.3%), from €11,379 to €12,778
of which Taxes: +€3,499
- Gross operating margin +€8,130
up €8,130 (+76.4%), from €10,642 to €18,772
- Staff costs +€6,005
new in 2025: €6,005
- Financial charges +€3,667
up €3,667 (+401.9%), from €912 to €4,580
- Other operating charges +€3,087
up €3,087 (+279.9%), from €1,103 to €4,190
- Taxes -€239
down €239 (-17.2%), from €1,387 to €1,148
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 | €64,989 | €70,682 | +€5,693 | +8.8% |
| Fixed assets | 21/28 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €60,989 | €66,682 | +€5,693 | +9.3% |
| Stocks and contracts in progress | 3 | €52,740 | €57,211 | +€4,471 | +8.5% |
| Stocks | 30/36 | €52,740 | €57,211 | +€4,471 | +8.5% |
| Amounts receivable within one year | 40/41 | €5,604 | €5,714 | +€110 | +2.0% |
| Trade receivables | 40 | €1,001 | €709 | -€293 | -29.2% |
| Other amounts receivable | 41 | €4,603 | €5,006 | +€403 | +8.7% |
| Cash at bank and in hand | 54/58 | €2,427 | €3,531 | +€1,104 | +45.5% |
| Deferred charges and accrued income | 490/1 | €218 | €226 | +€8 | +3.8% |
| Total equity and liabilities | 10/49 | €64,989 | €70,682 | +€5,693 | +8.8% |
| Equity | 10/15 | €38,832 | €41,684 | +€2,852 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,305 | €5,305 | = | 0.0% |
| Distributable reserves | 133 | €5,305 | €5,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,927 | €17,779 | +€2,852 | +19.1% |
| Amounts payable | 17/49 | €26,157 | €28,998 | +€2,842 | +10.9% |
| Amounts payable within one year | 42/48 | €26,157 | €28,998 | +€2,842 | +10.9% |
| Trade debts | 44 | €5,714 | €9,947 | +€4,233 | +74.1% |
| Suppliers | 440/4 | €5,714 | €9,947 | +€4,233 | +74.1% |
| Taxes, remuneration and social security | 45 | €11,379 | €12,778 | +€1,399 | +12.3% |
| Taxes | 450/3 | €9,279 | €12,778 | +€3,499 | +37.7% |
| Remuneration and social security | 454/9 | €2,100 | - | -€2,100 | |
| Other amounts payable | 47/48 | €9,064 | €6,273 | -€2,790 | -30.8% |
| Non-recurring operating income | 76A | €2,813 | - | -€2,813 | |
| Remuneration, social security and pensions | 62 | - | €6,005 | +€6,005 | |
| Other operating charges | 640/8 | €1,103 | €4,190 | +€3,087 | +279.9% |
| Gross operating margin | 9900 | €10,642 | €18,772 | +€8,130 | +76.4% |
| Operating profit (loss) | 9901 | €9,539 | €8,577 | -€962 | -10.1% |
| Financial income | 75/76B | €82 | €2 | -€80 | -97.1% |
| Recurring financial income | 75 | €82 | €2 | -€80 | -97.1% |
| Financial charges | 65/66B | €912 | €4,580 | +€3,667 | +401.9% |
| Recurring financial charges | 65 | €912 | €4,580 | +€3,667 | +401.9% |
| Profit (loss) for the period before taxes | 9903 | €8,709 | €4,000 | -€4,709 | -54.1% |
| Income taxes | 67/77 | €1,387 | €1,148 | -€239 | -17.2% |
| Profit (loss) for the period | 9904 | €7,322 | €2,852 | -€4,470 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,322 | €2,852 | -€4,470 | -61.1% |
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 3 October 2026 via checked.be.