Put J.: 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.
Put J.
Largest movements
- Cash +€46,691
up €46,691 (+69.7%), from €66,999 to €113,690
mainly Net result for the year (+€38,807) and Depreciation (+€25,847)
- Tangible fixed assets -€25,563
down €25,563 (-41.4%), from €61,787 to €36,224
of which Furniture and vehicles: -€22,455
- Receivables within one year -€3,737
down €3,737 (-85.1%), from €4,393 to €656
of which Other amounts receivable: -€3,581
- Reserves +€38,807
up €38,807 (+61.3%), from €63,274 to €102,082
- Debts after one year -€10,996
down €10,996 (-49.2%), from €22,359 to €11,363
- Tax, wage and social debts -€9,681
down €9,681 (-69.2%), from €13,992 to €4,311
of which Taxes: -€12,070
- Depreciation +€13,115
up €13,115 (+103%), from €12,733 to €25,847
- Gross operating margin -€4,166
down €4,166 (-5.1%), from €82,259 to €78,092
- Taxes -€2,833
down €2,833 (-20.2%), from €13,992 to €11,159
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 | €136,366 | €153,392 | +€17,026 | +12.5% |
| Fixed assets | 21/28 | €62,319 | €36,472 | -€25,847 | -41.5% |
| Intangible fixed assets | 21 | €532 | €248 | -€284 | -53.4% |
| Tangible fixed assets | 22/27 | €61,787 | €36,224 | -€25,563 | -41.4% |
| Plant, machinery and equipment | 23 | €5,259 | €2,151 | -€3,108 | -59.1% |
| Furniture and vehicles | 24 | €56,528 | €34,073 | -€22,455 | -39.7% |
| Current assets | 29/58 | €74,046 | €116,920 | +€42,874 | +57.9% |
| Amounts receivable within one year | 40/41 | €4,393 | €656 | -€3,737 | -85.1% |
| Trade receivables | 40 | €812 | €656 | -€156 | -19.2% |
| Other amounts receivable | 41 | €3,581 | €0 | -€3,581 | -100% |
| Cash at bank and in hand | 54/58 | €66,999 | €113,690 | +€46,691 | +69.7% |
| Deferred charges and accrued income | 490/1 | €2,654 | €2,574 | -€80 | -3.0% |
| Total equity and liabilities | 10/49 | €136,366 | €153,392 | +€17,026 | +12.5% |
| Equity | 10/15 | €64,274 | €103,082 | +€38,807 | +60.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,274 | €102,082 | +€38,807 | +61.3% |
| Distributable reserves | 133 | €63,274 | €102,082 | +€38,807 | +61.3% |
| Amounts payable | 17/49 | €72,091 | €50,310 | -€21,781 | -30.2% |
| Amounts payable after more than one year | 17 | €22,359 | €11,363 | -€10,996 | -49.2% |
| Financial debts | 170/4 | €22,359 | €11,363 | -€10,996 | -49.2% |
| Amounts payable within one year | 42/48 | €49,733 | €38,947 | -€10,785 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €10,641 | €10,996 | +€355 | +3.3% |
| Trade debts | 44 | €1,212 | €607 | -€606 | -49.9% |
| Suppliers | 440/4 | €1,212 | €607 | -€606 | -49.9% |
| Taxes, remuneration and social security | 45 | €13,992 | €4,311 | -€9,681 | -69.2% |
| Taxes | 450/3 | €13,992 | €1,922 | -€12,070 | -86.3% |
| Remuneration and social security | 454/9 | €0 | €2,390 | +€2,390 | |
| Other amounts payable | 47/48 | €23,887 | €23,033 | -€854 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,733 | €25,847 | +€13,115 | +103% |
| Other operating charges | 640/8 | €780 | €1,184 | +€403 | +51.7% |
| Gross operating margin | 9900 | €82,259 | €78,092 | -€4,166 | -5.1% |
| Operating profit (loss) | 9901 | €68,746 | €51,061 | -€17,684 | -25.7% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100% |
| Financial charges | 65/66B | €324 | €1,095 | +€771 | +238% |
| Recurring financial charges | 65 | €324 | €1,095 | +€771 | +238% |
| Profit (loss) for the period before taxes | 9903 | €68,440 | €49,966 | -€18,474 | -27.0% |
| Income taxes | 67/77 | €13,992 | €11,159 | -€2,833 | -20.2% |
| Profit (loss) for the period | 9904 | €54,448 | €38,807 | -€15,640 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,448 | €38,807 | -€15,640 | -28.7% |
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 23 October 2026 via checked.be.