PUTS AUTOMATION: 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.
PUTS AUTOMATION
Largest movements
- Tangible fixed assets +€62,154
up €62,154 (+3,606%), from €1,724 to €63,878
- Cash -€48,165
down €48,165 (-69.7%), from €69,108 to €20,943
mainly Contributions, distributions and other (-€79,186) and Investment in fixed assets (net) (-€64,839)
- Receivables within one year +€10,362
up €10,362 (+67.6%), from €15,334 to €25,696
of which Other amounts receivable: +€5,884
- Stocks and contracts -€8,680
down €8,680 (-100%), from €8,680 to €0
- Deferred charges and accrued income +€2,376
up €2,376 (+116%), from €2,049 to €4,424
- Current portion of long-term debt +€15,782
new in 2025: €15,782
- Debts after one year +€14,925
new in 2025: €14,925
- Reserves -€10,642
down €10,642 (-24.1%), from €44,237 to €33,595
- Tax, wage and social debts -€2,861
down €2,861 (-14.2%), from €20,153 to €17,292
- Gross operating margin -€13,200
down €13,200 (-12.4%), from €106,865 to €93,665
- Taxes -€3,438
down €3,438 (-12.8%), from €26,922 to €23,484
- Financial income +€2,036
up €2,036 (+2,446%), from €83 to €2,120
- Depreciation +€1,610
up €1,610 (+150%), from €1,075 to €2,685
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 | €146,805 | €165,638 | +€18,833 | +12.8% |
| Fixed assets | 21/28 | €1,724 | €63,878 | +€62,154 | +3,606% |
| Tangible fixed assets | 22/27 | €1,724 | €63,878 | +€62,154 | +3,606% |
| Furniture and vehicles | 24 | €1,724 | €63,878 | +€62,154 | +3,606% |
| Current assets | 29/58 | €145,081 | €101,760 | -€43,321 | -29.9% |
| Stocks and contracts in progress | 3 | €8,680 | €0 | -€8,680 | -100% |
| Contracts in progress | 37 | €8,680 | €0 | -€8,680 | -100% |
| Amounts receivable within one year | 40/41 | €15,334 | €25,696 | +€10,362 | +67.6% |
| Trade receivables | 40 | €14,231 | €18,709 | +€4,478 | +31.5% |
| Other amounts receivable | 41 | €1,103 | €6,987 | +€5,884 | +533% |
| Current investments | 50/53 | €49,911 | €50,697 | +€786 | +1.6% |
| Cash at bank and in hand | 54/58 | €69,108 | €20,943 | -€48,165 | -69.7% |
| Deferred charges and accrued income | 490/1 | €2,049 | €4,424 | +€2,376 | +116% |
| Total equity and liabilities | 10/49 | €146,805 | €165,638 | +€18,833 | +12.8% |
| Equity | 10/15 | €52,237 | €41,595 | -€10,642 | -20.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €44,237 | €33,595 | -€10,642 | -24.1% |
| Distributable reserves | 133 | €44,237 | €33,595 | -€10,642 | -24.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,568 | €124,043 | +€29,475 | +31.2% |
| Amounts payable after more than one year | 17 | - | €14,925 | +€14,925 | |
| Financial debts | 170/4 | - | €14,925 | +€14,925 | |
| Amounts payable within one year | 42/48 | €94,568 | €109,118 | +€14,550 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | - | €15,782 | +€15,782 | |
| Trade debts | 44 | €2,554 | €3,384 | +€831 | +32.5% |
| Suppliers | 440/4 | €2,554 | €3,384 | +€831 | +32.5% |
| Taxes, remuneration and social security | 45 | €20,153 | €17,292 | -€2,861 | -14.2% |
| Taxes | 450/3 | €20,153 | €17,292 | -€2,861 | -14.2% |
| Other amounts payable | 47/48 | €71,862 | €72,660 | +€798 | +1.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,075 | €2,685 | +€1,610 | +150% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €106,865 | €93,665 | -€13,200 | -12.4% |
| Operating profit (loss) | 9901 | €105,221 | €90,395 | -€14,826 | -14.1% |
| Financial income | 75/76B | €83 | €2,120 | +€2,036 | +2,446% |
| Recurring financial income | 75 | €83 | €2,120 | +€2,036 | +2,446% |
| Financial charges | 65/66B | €447 | €486 | +€40 | +8.9% |
| Recurring financial charges | 65 | €447 | €486 | +€40 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €104,857 | €92,028 | -€12,829 | -12.2% |
| Income taxes | 67/77 | €26,922 | €23,484 | -€3,438 | -12.8% |
| Profit (loss) for the period | 9904 | €77,935 | €68,544 | -€9,391 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,935 | €68,544 | -€9,391 | -12.0% |
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.