PUSZTA: 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.
PUSZTA
Largest movements
- Tangible fixed assets -€2,700
down €2,700 (-24.1%), from €11,186 to €8,486
of which Other tangible fixed assets: -€1,622
- Stocks and contracts -€1,906
down €1,906 (-30.6%), from €6,230 to €4,324
- Cash -€1,817
down €1,817 (-57.3%), from €3,173 to €1,356
mainly Trade debts (-€9,890) and Tax, wage and social debts (-€2,302)
- Receivables within one year +€1,233
up €1,233 (+13.5%), from €9,143 to €10,376
of which Trade receivables: +€1,049
- Trade debts -€9,890
down €9,890 (-41.1%), from €24,069 to €14,178
- Profit (loss) carried forward +€4,668
up €4,668 (+8.0%), from -€58,560 to -€53,892
- Current portion of long-term debt +€4,262
up €4,262 (+76.1%), from €5,604 to €9,866
- Tax, wage and social debts -€2,302
down €2,302 (-89.7%), from €2,567 to €265
- Debts after one year -€1,145
down €1,145 (-13.2%), from €8,701 to €7,557
- Gross operating margin -€5,488
down €5,488 (-27.5%), from €19,931 to €14,442
- Other operating charges -€2,392
down €2,392 (-71.7%), from €3,338 to €946
- Financial charges -€1,887
down €1,887 (-22.2%), from €8,486 to €6,598
- Financial income +€516
up €516 (+4,117%), from €13 to €529
- Staff costs -€444
down €444 (-100%), from €444 to €0
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 | €33,729 | €28,502 | -€5,227 | -15.5% |
| Fixed assets | 21/28 | €13,938 | €11,238 | -€2,700 | -19.4% |
| Tangible fixed assets | 22/27 | €11,186 | €8,486 | -€2,700 | -24.1% |
| Plant, machinery and equipment | 23 | €1,808 | €1,189 | -€619 | -34.2% |
| Furniture and vehicles | 24 | €1,938 | €1,479 | -€459 | -23.7% |
| Other tangible fixed assets | 26 | €7,440 | €5,817 | -€1,622 | -21.8% |
| Financial fixed assets | 28 | €2,752 | €2,752 | = | 0.0% |
| Current assets | 29/58 | €19,791 | €17,264 | -€2,527 | -12.8% |
| Stocks and contracts in progress | 3 | €6,230 | €4,324 | -€1,906 | -30.6% |
| Stocks | 30/36 | €6,230 | €4,324 | -€1,906 | -30.6% |
| Amounts receivable within one year | 40/41 | €9,143 | €10,376 | +€1,233 | +13.5% |
| Trade receivables | 40 | €217 | €1,266 | +€1,049 | +483% |
| Other amounts receivable | 41 | €8,926 | €9,110 | +€184 | +2.1% |
| Cash at bank and in hand | 54/58 | €3,173 | €1,356 | -€1,817 | -57.3% |
| Deferred charges and accrued income | 490/1 | €1,245 | €1,207 | -€37 | -3.0% |
| Total equity and liabilities | 10/49 | €33,729 | €28,502 | -€5,227 | -15.5% |
| Equity | 10/15 | -€39,960 | -€35,292 | +€4,668 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€58,560 | -€53,892 | +€4,668 | +8.0% |
| Amounts payable | 17/49 | €73,689 | €63,794 | -€9,895 | -13.4% |
| Amounts payable after more than one year | 17 | €8,701 | €7,557 | -€1,145 | -13.2% |
| Financial debts | 170/4 | €8,701 | €7,557 | -€1,145 | -13.2% |
| Amounts payable within one year | 42/48 | €64,669 | €56,237 | -€8,432 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €5,604 | €9,866 | +€4,262 | +76.1% |
| Financial debts | 43 | €26,981 | €26,472 | -€509 | -1.9% |
| Credit institutions | 430/8 | €26,981 | €26,472 | -€509 | -1.9% |
| Trade debts | 44 | €24,069 | €14,178 | -€9,890 | -41.1% |
| Suppliers | 440/4 | €24,069 | €14,178 | -€9,890 | -41.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,567 | €265 | -€2,302 | -89.7% |
| Taxes | 450/3 | €2,567 | €265 | -€2,302 | -89.7% |
| Other amounts payable | 47/48 | €5,448 | €5,456 | +€8 | +0.1% |
| Accrued charges and deferred income | 492/3 | €319 | €0 | -€319 | -100% |
| Remuneration, social security and pensions | 62 | €444 | €0 | -€444 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,015 | €2,700 | -€315 | -10.5% |
| Other operating charges | 640/8 | €3,338 | €946 | -€2,392 | -71.7% |
| Gross operating margin | 9900 | €19,931 | €14,442 | -€5,488 | -27.5% |
| Operating profit (loss) | 9901 | €13,134 | €10,797 | -€2,337 | -17.8% |
| Financial income | 75/76B | €13 | €529 | +€516 | +4,117% |
| Recurring financial income | 75 | €13 | €529 | +€516 | +4,117% |
| Financial charges | 65/66B | €8,486 | €6,598 | -€1,887 | -22.2% |
| Recurring financial charges | 65 | €8,486 | €6,598 | -€1,887 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €4,660 | €4,727 | +€67 | +1.4% |
| Income taxes | 67/77 | €61 | €59 | -€2 | -3.1% |
| Profit (loss) for the period | 9904 | €4,599 | €4,668 | +€69 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,599 | €4,668 | +€69 | +1.5% |
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 13 October 2026 via checked.be.