PUTHOFF: 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.
PUTHOFF
Largest movements
- Receivables within one year -€4,794
down €4,794 (-6.2%), from €77,060 to €72,266
- Profit (loss) carried forward -€5,917
down €5,917 (-3.9%), from -€153,684 to -€159,601
- Gross operating margin -€4,729
new in 2025: -€4,729
- Other operating charges +€1,165
new in 2025: €1,165
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 | €409,640 | €404,600 | -€5,040 | -1.2% |
| Fixed assets | 21/28 | €331,577 | €331,577 | = | 0.0% |
| Tangible fixed assets | 22/27 | €331,577 | €331,577 | = | 0.0% |
| Land and buildings | 22 | €331,577 | €331,577 | = | 0.0% |
| Current assets | 29/58 | €78,062 | €73,023 | -€5,040 | -6.5% |
| Amounts receivable within one year | 40/41 | €77,060 | €72,266 | -€4,794 | -6.2% |
| Other amounts receivable | 41 | €77,060 | €72,266 | -€4,794 | -6.2% |
| Cash at bank and in hand | 54/58 | €607 | €341 | -€265 | -43.7% |
| Deferred charges and accrued income | 490/1 | €396 | €415 | +€20 | +5.0% |
| Total equity and liabilities | 10/49 | €409,640 | €404,600 | -€5,040 | -1.2% |
| Equity | 10/15 | €5,375 | -€542 | -€5,917 | |
| Contributions | 10/11 | €154,861 | €154,861 | = | 0.0% |
| Reserves | 13 | €4,198 | €4,198 | = | 0.0% |
| Distributable reserves | 133 | €4,198 | €4,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,684 | -€159,601 | -€5,917 | -3.9% |
| Amounts payable | 17/49 | €404,265 | €405,142 | +€877 | +0.2% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,265 | €5,142 | +€877 | +20.6% |
| Other amounts payable | 47/48 | €4,265 | €5,142 | +€877 | +20.6% |
| Other operating charges | 640/8 | - | €1,165 | +€1,165 | |
| Gross operating margin | 9900 | - | -€4,729 | -€4,729 | |
| Operating profit (loss) | 9901 | - | -€5,895 | -€5,895 | |
| Financial charges | 65/66B | €52 | €23 | -€30 | -56.9% |
| Recurring financial charges | 65 | €52 | €23 | -€30 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | -€52 | -€5,917 | -€5,865 | -11243.9% |
| Profit (loss) for the period | 9904 | -€52 | -€5,917 | -€5,865 | -11243.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€52 | -€5,917 | -€5,865 | -11243.9% |
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 12 October 2026 via checked.be.