Puttaert Tegelwerken: what changed
What changed
Puttaert Tegelwerken
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
€13,618
2024 · €327,680-€314,062
Equity
€1.1m
2024 · €1.0m+€13,618
Cash
€802,709
2024 · €819,874-€17,165
Balance sheet total
€1.3m
2024 · €1.4m-€103,594
Largest movements
Assets
- Receivables within one year -€69,500
down €69,500 (-14.5%), from €478,568 to €409,069
of which Trade receivables: -€166,161
- Cash -€17,165
down €17,165 (-2.1%), from €819,874 to €802,709
mainly Tax, wage and social debts (-€54,933) and Other debts (-€38,088)
- Tangible fixed assets -€16,014
down €16,014 (-25.0%), from €63,998 to €47,984
of which Furniture and vehicles: -€19,611
Equity and liabilities
- Tax, wage and social debts -€54,933
down €54,933 (-49.1%), from €111,949 to €57,016
of which Taxes: -€54,267
- Other debts -€38,088
down €38,088 (-89.5%), from €42,565 to €4,477
- Current portion of long-term debt -€16,900
down €16,900 (-100%), from €16,900 to €0
Income statement
- Gross operating margin -€435,917
down €435,917 (-76.3%), from €570,962 to €135,044
- Taxes -€148,717
down €148,717 (-94.8%), from €156,918 to €8,202
- Depreciation +€9,074
up €9,074 (+39.7%), from €22,862 to €31,935
- Other operating charges +€6,717
up €6,717 (+67.4%), from €9,960 to €16,677
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€327,680
Gross operating margin
-€435,917
Staff costs
-€3,351
Depreciation
-€9,074
Write-downs
-€4,016
Other operating charges
-€6,717
Other operating items
-€394
Financial income
-€3,495
Financial charges
+€186
Taxes
+€148,717
Result 2025
€13,618
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€15,657
Investment
-€15,922
Financing
-€16,900
Cash 2024
€819,874
From operations (derived)
+€15,657
Net result for the year
+€13,618
Depreciation
+€31,935
Stocks and contracts
+€923
Receivables within one year
+€69,500
Deferred charges and accrued income
-€7
Trade debts
-€7,290
Tax, wage and social debts
-€54,933
Other debts
-€38,088
Investment (derived)
-€15,922
Investment in fixed assets (net)
-€15,922
Financing
-€16,900
Current portion of long-term debt
-€16,900
Cash 2025
€802,709
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,368,870 | €1,265,276 | -€103,594 | -7.6% |
| Fixed assets | 21/28 | €63,998 | €47,984 | -€16,014 | -25.0% |
| Tangible fixed assets | 22/27 | €63,998 | €47,984 | -€16,014 | -25.0% |
| Plant, machinery and equipment | 23 | €4,154 | €9,549 | +€5,394 | +130% |
| Furniture and vehicles | 24 | €42,149 | €22,538 | -€19,611 | -46.5% |
| Other tangible fixed assets | 26 | €17,694 | €15,898 | -€1,796 | -10.2% |
| Current assets | 29/58 | €1,304,872 | €1,217,292 | -€87,580 | -6.7% |
| Stocks and contracts in progress | 3 | €5,045 | €4,123 | -€923 | -18.3% |
| Stocks | 30/36 | €5,045 | €4,123 | -€923 | -18.3% |
| Amounts receivable within one year | 40/41 | €478,568 | €409,069 | -€69,500 | -14.5% |
| Trade receivables | 40 | €443,964 | €277,803 | -€166,161 | -37.4% |
| Other amounts receivable | 41 | €34,605 | €131,266 | +€96,661 | +279% |
| Cash at bank and in hand | 54/58 | €819,874 | €802,709 | -€17,165 | -2.1% |
| Deferred charges and accrued income | 490/1 | €1,384 | €1,391 | +€7 | +0.5% |
| Total equity and liabilities | 10/49 | €1,368,870 | €1,265,276 | -€103,594 | -7.6% |
| Equity | 10/15 | €1,049,062 | €1,062,680 | +€13,618 | +1.3% |
| Contributions | 10/11 | €7,707 | €7,707 | = | 0.0% |
| Reserves | 13 | €540,497 | €554,115 | +€13,618 | +2.5% |
| Non-distributable reserves | 130/1 | €771 | €771 | = | 0.0% |
| Reserves not available under the articles | 1311 | €771 | €771 | = | 0.0% |
| Distributable reserves | 133 | €539,726 | €553,344 | +€13,618 | +2.5% |
| Profit (loss) carried forward | 14 | €500,857 | €500,857 | = | 0.0% |
| Amounts payable | 17/49 | €319,808 | €202,596 | -€117,212 | -36.7% |
| Amounts payable within one year | 42/48 | €319,808 | €202,596 | -€117,212 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €16,900 | €0 | -€16,900 | -100% |
| Trade debts | 44 | €148,393 | €141,103 | -€7,290 | -4.9% |
| Suppliers | 440/4 | €148,393 | €141,103 | -€7,290 | -4.9% |
| Taxes, remuneration and social security | 45 | €111,949 | €57,016 | -€54,933 | -49.1% |
| Taxes | 450/3 | €110,133 | €55,866 | -€54,267 | -49.3% |
| Remuneration and social security | 454/9 | €1,817 | €1,150 | -€666 | -36.7% |
| Other amounts payable | 47/48 | €42,565 | €4,477 | -€38,088 | -89.5% |
| Non-recurring operating income | 76A | €5,795 | €0 | -€5,795 | -100% |
| Remuneration, social security and pensions | 62 | €62,765 | €66,116 | +€3,351 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,862 | €31,935 | +€9,074 | +39.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,656 | €2,360 | +€4,016 | |
| Other operating charges | 640/8 | €9,960 | €16,677 | +€6,717 | +67.4% |
| Non-recurring operating charges | 66A | - | €394 | +€394 | |
| Gross operating margin | 9900 | €570,962 | €135,044 | -€435,917 | -76.3% |
| Operating profit (loss) | 9901 | €477,031 | €17,562 | -€459,469 | -96.3% |
| Financial income | 75/76B | €9,870 | €6,375 | -€3,495 | -35.4% |
| Recurring financial income | 75 | €9,870 | €6,375 | -€3,495 | -35.4% |
| Financial charges | 65/66B | €2,303 | €2,117 | -€186 | -8.1% |
| Recurring financial charges | 65 | €2,303 | €2,117 | -€186 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €484,598 | €21,819 | -€462,779 | -95.5% |
| Income taxes | 67/77 | €156,918 | €8,202 | -€148,717 | -94.8% |
| Profit (loss) for the period | 9904 | €327,680 | €13,618 | -€314,062 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €327,680 | €13,618 | -€314,062 | -95.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.