PUTTAERT EMIEL: 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.
PUTTAERT EMIEL
Largest movements
- Cash -€4,895
down €4,895 (-44.5%), from €11,001 to €6,106
mainly Investment in fixed assets (net) (-€25,329) and Net result for the year (-€16,416)
- Profit (loss) carried forward -€16,417
down €16,417, from €4,054 to -€12,363
- Current portion of long-term debt +€9,532
new in 2025: €9,532
- Debts after one year +€4,096
new in 2025: €4,096
- Gross operating margin -€6,352
down €6,352 (-33.4%), from €18,998 to €12,646
- Other operating charges -€3,476
down €3,476 (-44.2%), from €7,873 to €4,397
- Depreciation +€2,020
up €2,020 (+8.6%), from €23,366 to €25,386
- Financial income +€1,435
new in 2025: €1,435
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 | €382,120 | €379,331 | -€2,789 | -0.7% |
| Fixed assets | 21/28 | €346,054 | €345,997 | -€57 | 0.0% |
| Tangible fixed assets | 22/27 | €345,930 | €345,873 | -€57 | 0.0% |
| Land and buildings | 22 | €343,506 | €339,000 | -€4,506 | -1.3% |
| Plant, machinery and equipment | 23 | €2,424 | €6,873 | +€4,449 | +183.5% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €36,066 | €33,334 | -€2,732 | -7.6% |
| Amounts receivable within one year | 40/41 | €25,065 | €25,793 | +€728 | +2.9% |
| Other amounts receivable | 41 | €25,065 | €25,793 | +€728 | +2.9% |
| Cash at bank and in hand | 54/58 | €11,001 | €6,106 | -€4,895 | -44.5% |
| Deferred charges and accrued income | 490/1 | - | €1,435 | +€1,435 | |
| Total equity and liabilities | 10/49 | €382,120 | €379,331 | -€2,789 | -0.7% |
| Equity | 10/15 | €382,120 | €365,703 | -€16,417 | -4.3% |
| Contributions | 10/11 | €371,866 | €371,866 | = | 0.0% |
| Capital | 10 | €82,666 | €82,666 | = | 0.0% |
| Issued capital | 100 | €82,666 | €82,666 | = | 0.0% |
| Contributions outside capital | 11 | €289,200 | €289,200 | = | 0.0% |
| Share premium | 1100/10 | €289,200 | €289,200 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,054 | -€12,363 | -€16,417 | |
| Amounts payable | 17/49 | - | €13,628 | +€13,628 | |
| Amounts payable after more than one year | 17 | - | €4,096 | +€4,096 | |
| Financial debts | 170/4 | - | €4,096 | +€4,096 | |
| Amounts payable within one year | 42/48 | - | €9,532 | +€9,532 | |
| Current portion of amounts payable after more than one year | 42 | - | €9,532 | +€9,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,366 | €25,386 | +€2,020 | +8.6% |
| Other operating charges | 640/8 | €7,873 | €4,397 | -€3,476 | -44.2% |
| Gross operating margin | 9900 | €18,998 | €12,646 | -€6,352 | -33.4% |
| Operating profit (loss) | 9901 | -€12,241 | -€17,137 | -€4,896 | -40.0% |
| Financial income | 75/76B | - | €1,435 | +€1,435 | |
| Recurring financial income | 75 | - | €1,435 | +€1,435 | |
| Financial charges | 65/66B | €871 | €714 | -€157 | -18.0% |
| Recurring financial charges | 65 | €871 | €714 | -€157 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,112 | -€16,416 | -€3,304 | -25.2% |
| Profit (loss) for the period | 9904 | -€13,112 | -€16,416 | -€3,304 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,112 | -€16,416 | -€3,304 | -25.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.