Putman: 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.
Putman
Largest movements
- Tangible fixed assets +€16,041
up €16,041 (+50.2%), from €31,929 to €47,970
of which Furniture and vehicles: +€12,193
- Receivables within one year -€8,435
down €8,435 (-88.3%), from €9,554 to €1,119
of which Trade receivables: -€6,302
- Cash +€6,316
up €6,316 (+26.8%), from €23,544 to €29,860
mainly Net result for the year (+€17,983) and Debts after one year (+€14,317)
- Deferred charges and accrued income +€2,398
up €2,398 (+336.3%), from €713 to €3,111
- Profit (loss) carried forward +€17,983
up €17,983 (+1218.4%), from €1,476 to €19,459
- Trade debts -€16,172
down €16,172 (-86.3%), from €18,750 to €2,578
- Debts after one year +€14,317
new in 2025: €14,317
- Other debts -€6,055
down €6,055 (-44.7%), from €13,555 to €7,500
- Tax, wage and social debts +€5,031
up €5,031 (+64.8%), from €7,758 to €12,789
- Turnover -€211,359
no longer reported in 2025 (was €211,359)
- Purchases and services -€140,762
no longer reported in 2025 (was €140,762)
- Gross operating margin -€29,408
down €29,408 (-41.7%), from €70,597 to €41,189
- Depreciation +€4,497
up €4,497 (+59.7%), from €7,528 to €12,025
- Write-downs -€3,773
no longer reported in 2025 (was €3,773)
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 | €69,563 | €85,833 | +€16,270 | +23.4% |
| Fixed assets | 21/28 | €31,979 | €47,970 | +€15,991 | +50.0% |
| Tangible fixed assets | 22/27 | €31,929 | €47,970 | +€16,041 | +50.2% |
| Plant, machinery and equipment | 23 | - | €3,848 | +€3,848 | |
| Furniture and vehicles | 24 | €31,929 | €44,122 | +€12,193 | +38.2% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €37,584 | €37,863 | +€279 | +0.7% |
| Stocks and contracts in progress | 3 | €3,773 | €3,773 | = | 0.0% |
| Stocks | 30/36 | €3,773 | €3,773 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,554 | €1,119 | -€8,435 | -88.3% |
| Trade receivables | 40 | €6,302 | - | -€6,302 | |
| Other amounts receivable | 41 | €3,252 | €1,119 | -€2,133 | -65.6% |
| Cash at bank and in hand | 54/58 | €23,544 | €29,860 | +€6,316 | +26.8% |
| Deferred charges and accrued income | 490/1 | €713 | €3,111 | +€2,398 | +336.3% |
| Total equity and liabilities | 10/49 | €69,563 | €85,833 | +€16,270 | +23.4% |
| Equity | 10/15 | €21,936 | €39,919 | +€17,983 | +82.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,476 | €19,459 | +€17,983 | +1218.4% |
| Amounts payable | 17/49 | €47,627 | €45,914 | -€1,713 | -3.6% |
| Amounts payable after more than one year | 17 | - | €14,317 | +€14,317 | |
| Financial debts | 170/4 | - | €14,317 | +€14,317 | |
| Amounts payable within one year | 42/48 | €47,627 | €31,597 | -€16,030 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €7,564 | €8,730 | +€1,166 | +15.4% |
| Trade debts | 44 | €18,750 | €2,578 | -€16,172 | -86.3% |
| Suppliers | 440/4 | €18,750 | €2,578 | -€16,172 | -86.3% |
| Taxes, remuneration and social security | 45 | €7,758 | €12,789 | +€5,031 | +64.8% |
| Taxes | 450/3 | €7,758 | €12,789 | +€5,031 | +64.8% |
| Other amounts payable | 47/48 | €13,555 | €7,500 | -€6,055 | -44.7% |
| Turnover | 70 | €211,359 | - | -€211,359 | |
| Goods, raw materials, services and sundry goods | 60/61 | €140,762 | - | -€140,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,528 | €12,025 | +€4,497 | +59.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,773 | - | -€3,773 | |
| Other operating charges | 640/8 | €1,533 | €1,231 | -€302 | -19.7% |
| Non-recurring operating charges | 66A | - | €3,822 | +€3,822 | |
| Gross operating margin | 9900 | €70,597 | €41,189 | -€29,408 | -41.7% |
| Operating profit (loss) | 9901 | €57,763 | €24,111 | -€33,652 | -58.3% |
| Financial income | 75/76B | €2,347 | - | -€2,347 | |
| Recurring financial income | 75 | €2,347 | - | -€2,347 | |
| Financial charges | 65/66B | €804 | €919 | +€115 | +14.3% |
| Recurring financial charges | 65 | €804 | €919 | +€115 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €59,306 | €23,192 | -€36,114 | -60.9% |
| Income taxes | 67/77 | €2,217 | €5,209 | +€2,992 | +135.0% |
| Profit (loss) for the period | 9904 | €57,089 | €17,983 | -€39,106 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,089 | €17,983 | -€39,106 | -68.5% |
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.