PUTSEYS VALUES: 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.
PUTSEYS VALUES
Largest movements
- Receivables within one year +€12,962
up €12,962 (+45.0%), from €28,803 to €41,765
of which Other amounts receivable: +€12,962
- Tangible fixed assets -€12,573
down €12,573 (-2.2%), from €572,347 to €559,774
of which Land and buildings: -€12,203
- Other debts +€15,000
up €15,000, from €0 to €15,000
- Reserves +€11,155
up €11,155 (+3.2%), from €345,226 to €356,381
of which Distributable reserves: +€11,155
- Debts after one year -€6,497
down €6,497 (-100%), from €6,497 to €0
- Gross operating margin -€26,604
down €26,604 (-32.7%), from €81,304 to €54,699
- Taxes -€7,611
down €7,611 (-41.8%), from €18,201 to €10,590
- Depreciation +€1,749
up €1,749 (+16.2%), from €10,824 to €12,573
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 | €619,596 | €628,716 | +€9,120 | +1.5% |
| Fixed assets | 21/28 | €572,347 | €559,774 | -€12,573 | -2.2% |
| Tangible fixed assets | 22/27 | €572,347 | €559,774 | -€12,573 | -2.2% |
| Land and buildings | 22 | €571,325 | €559,122 | -€12,203 | -2.1% |
| Furniture and vehicles | 24 | €1,022 | €652 | -€370 | -36.2% |
| Current assets | 29/58 | €47,249 | €68,942 | +€21,693 | +45.9% |
| Amounts receivable within one year | 40/41 | €28,803 | €41,765 | +€12,962 | +45.0% |
| Trade receivables | 40 | €17,747 | €17,747 | = | 0.0% |
| Other amounts receivable | 41 | €11,056 | €24,018 | +€12,962 | +117% |
| Cash at bank and in hand | 54/58 | €16,573 | €22,829 | +€6,256 | +37.7% |
| Deferred charges and accrued income | 490/1 | €1,873 | €4,348 | +€2,474 | +132% |
| Total equity and liabilities | 10/49 | €619,596 | €628,716 | +€9,120 | +1.5% |
| Equity | 10/15 | €585,583 | €596,738 | +€11,155 | +1.9% |
| Contributions | 10/11 | €240,357 | €240,357 | = | 0.0% |
| Reserves | 13 | €345,226 | €356,381 | +€11,155 | +3.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €14,130 | €14,130 | = | 0.0% |
| Distributable reserves | 133 | €331,096 | €342,251 | +€11,155 | +3.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €34,013 | €31,978 | -€2,035 | -6.0% |
| Amounts payable after more than one year | 17 | €6,497 | €0 | -€6,497 | -100% |
| Financial debts | 170/4 | €6,497 | €0 | -€6,497 | -100% |
| Amounts payable within one year | 42/48 | €27,516 | €31,978 | +€4,462 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €12,496 | €6,497 | -€5,998 | -48.0% |
| Financial debts | 43 | €496 | €128 | -€368 | -74.1% |
| Credit institutions | 430/8 | €496 | €128 | -€368 | -74.1% |
| Trade debts | 44 | €5,819 | €6,325 | +€506 | +8.7% |
| Suppliers | 440/4 | €5,819 | €6,325 | +€506 | +8.7% |
| Taxes, remuneration and social security | 45 | €8,705 | €4,027 | -€4,678 | -53.7% |
| Taxes | 450/3 | €8,705 | €4,027 | -€4,678 | -53.7% |
| Other amounts payable | 47/48 | €0 | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,824 | €12,573 | +€1,749 | +16.2% |
| Other operating charges | 640/8 | €3,146 | €3,075 | -€71 | -2.3% |
| Gross operating margin | 9900 | €81,304 | €54,699 | -€26,604 | -32.7% |
| Operating profit (loss) | 9901 | €67,334 | €39,051 | -€28,283 | -42.0% |
| Financial income | 75/76B | €641 | €784 | +€144 | +22.4% |
| Recurring financial income | 75 | €641 | €784 | +€144 | +22.4% |
| Financial charges | 65/66B | €2,819 | €3,090 | +€271 | +9.6% |
| Recurring financial charges | 65 | €2,819 | €3,090 | +€271 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €65,155 | €36,745 | -€28,410 | -43.6% |
| Income taxes | 67/77 | €18,201 | €10,590 | -€7,611 | -41.8% |
| Profit (loss) for the period | 9904 | €46,954 | €26,155 | -€20,799 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,954 | €26,155 | -€20,799 | -44.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.