PUTMAN HOLDINGS: 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.
What changed
PUTMAN HOLDINGS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€658,951
2024 · €532,247+€126,704
Equity
€20.4m
2024 · €19.7m+€658,951
Cash
€158,811
2024 · €170,965-€12,154
Balance sheet total
€25.4m
2024 · €26.2m-€746,025
Largest movements
Assets
- Receivables after one year -€790,500
down €790,500 (-14.4%), from €5.5m to €4.7m
Equity and liabilities
- Profit (loss) carried forward +€658,951
up €658,951 (+34.5%), from €1.9m to €2.6m
- Short-term financial debts -€600,000
down €600,000 (-32.4%), from €1.9m to €1.3m
- Other debts -€510,000
down €510,000 (-90.3%), from €565,000 to €55,000
- Debts after one year -€297,130
down €297,130 (-8.0%), from €3.7m to €3.4m
of which Financial debts: -€250,000
Income statement
- Financial charges -€84,267
down €84,267 (-32.4%), from €259,845 to €175,577
- Financial income +€45,352
up €45,352 (+5.6%), from €812,623 to €857,975
- Turnover -€3,000
down €3,000 (-40.0%), from €7,500 to €4,500
- Services and other goods -€307
down €307 (-2.0%), from €14,986 to €14,678
- Taxes +€222
up €222 (+1.8%), from €12,079 to €12,301
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.
Result 2024
€532,247
Turnover
-€3,000
Services and other goods
+€307
Financial income
+€45,352
Financial charges
+€84,267
Taxes
-€222
Result 2025
€658,951
raises the resultlowers the result
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.
From operations
+€884,977
Investment
€0
Financing
-€897,130
Cash 2024
€170,965
From operations (derived)
+€884,977
Net result for the year
+€658,951
Receivables after one year
+€790,500
Receivables within one year
-€20,657
Deferred charges and accrued income
-€35,972
Trade debts
+€480
Tax, wage and social debts
+€9,780
Other debts
-€510,000
Accrued charges and deferred income
-€8,105
Financing
-€897,130
Debts after one year
-€297,130
Short-term financial debts
-€600,000
Cash 2025
€158,811
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,182,777 | €25,436,752 | -€746,025 | -2.8% |
| Fixed assets | 21/28 | €20,364,046 | €20,364,046 | = | 0.0% |
| Financial fixed assets | 28 | €20,364,046 | €20,364,046 | = | 0.0% |
| Affiliated companies | 280/1 | €20,364,046 | €20,364,046 | = | 0.0% |
| Participating interests | 280 | €20,364,046 | €20,364,046 | = | 0.0% |
| Current assets | 29/58 | €5,818,730 | €5,072,706 | -€746,025 | -12.8% |
| Amounts receivable after more than one year | 29 | €5,473,800 | €4,683,300 | -€790,500 | -14.4% |
| Other amounts receivable | 291 | €5,473,800 | €4,683,300 | -€790,500 | -14.4% |
| Amounts receivable within one year | 40/41 | €18,596 | €39,254 | +€20,657 | +111% |
| Trade receivables | 40 | €9,075 | €4,500 | -€4,575 | -50.4% |
| Other amounts receivable | 41 | €9,521 | €34,754 | +€25,232 | +265% |
| Cash at bank and in hand | 54/58 | €170,965 | €158,811 | -€12,154 | -7.1% |
| Deferred charges and accrued income | 490/1 | €155,369 | €191,341 | +€35,972 | +23.2% |
| Total equity and liabilities | 10/49 | €26,182,777 | €25,436,752 | -€746,025 | -2.8% |
| Equity | 10/15 | €19,710,728 | €20,369,679 | +€658,951 | +3.3% |
| Contributions | 10/11 | €17,800,453 | €17,800,453 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Other | 1319 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,907,275 | €2,566,226 | +€658,951 | +34.5% |
| Amounts payable | 17/49 | €6,472,048 | €5,067,073 | -€1.4m | -21.7% |
| Amounts payable after more than one year | 17 | €3,731,754 | €3,434,623 | -€297,130 | -8.0% |
| Financial debts | 170/4 | €1,125,000 | €875,000 | -€250,000 | -22.2% |
| Credit institutions | 173 | €1,125,000 | €875,000 | -€250,000 | -22.2% |
| Other amounts payable | 178/9 | €2,606,754 | €2,559,623 | -€47,130 | -1.8% |
| Amounts payable within one year | 42/48 | €2,680,231 | €1,580,491 | -€1.1m | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 43 | €1,850,000 | €1,250,000 | -€600,000 | -32.4% |
| Credit institutions | 430/8 | €1,850,000 | €1,250,000 | -€600,000 | -32.4% |
| Trade debts | 44 | €632 | €1,112 | +€480 | +75.9% |
| Suppliers | 440/4 | €632 | €1,112 | +€480 | +75.9% |
| Taxes, remuneration and social security | 45 | €14,599 | €24,379 | +€9,780 | +67.0% |
| Taxes | 450/3 | €14,599 | €24,379 | +€9,780 | +67.0% |
| Other amounts payable | 47/48 | €565,000 | €55,000 | -€510,000 | -90.3% |
| Accrued charges and deferred income | 492/3 | €60,064 | €51,959 | -€8,105 | -13.5% |
| Operating income | 70/76A | €7,500 | €4,500 | -€3,000 | -40.0% |
| Turnover | 70 | €7,500 | €4,500 | -€3,000 | -40.0% |
| Operating charges | 60/66A | €15,953 | €15,646 | -€307 | -1.9% |
| Services and other goods | 61 | €14,986 | €14,678 | -€307 | -2.0% |
| Other operating charges | 640/8 | €968 | €968 | = | 0.0% |
| Operating profit (loss) | 9901 | -€8,453 | -€11,146 | -€2,693 | -31.9% |
| Financial income | 75/76B | €812,623 | €857,975 | +€45,352 | +5.6% |
| Recurring financial income | 75 | €812,623 | €857,975 | +€45,352 | +5.6% |
| Income from financial fixed assets | 750 | €500,000 | €625,160 | +€125,160 | +25.0% |
| Income from current assets | 751 | €153,240 | €147,174 | -€6,066 | -4.0% |
| Other financial income | 752/9 | €159,383 | €85,641 | -€73,742 | -46.3% |
| Financial charges | 65/66B | €259,845 | €175,577 | -€84,267 | -32.4% |
| Recurring financial charges | 65 | €259,845 | €175,577 | -€84,267 | -32.4% |
| Debt charges | 650 | €238,886 | €172,739 | -€66,148 | -27.7% |
| Other financial charges | 652/9 | €20,958 | €2,839 | -€18,120 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €544,325 | €671,251 | +€126,926 | +23.3% |
| Income taxes | 67/77 | €12,079 | €12,301 | +€222 | +1.8% |
| Taxes | 670/3 | €12,079 | €12,301 | +€222 | +1.8% |
| Profit (loss) for the period | 9904 | €532,247 | €658,951 | +€126,704 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €532,247 | €658,951 | +€126,704 | +23.8% |
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 25 October 2026 via checked.be.