PUTTEMANS-MAES: 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.
PUTTEMANS-MAES
Largest movements
- Cash +€10,325
up €10,325 (+205.6%), from €5,023 to €15,347
mainly Net result for the year (+€11,235) and Depreciation (+€6,060)
- Tangible fixed assets -€4,364
down €4,364 (-37.6%), from €11,591 to €7,228
of which Furniture and vehicles: -€4,124
- Stocks and contracts +€1,734
up €1,734 (+155.9%), from €1,112 to €2,847
- Receivables within one year -€1,164
down €1,164 (-10.3%), from €11,279 to €10,115
of which Trade receivables: -€2,727
- Profit (loss) carried forward +€11,235
up €11,235, from -€7,449 to €3,786
- Debts after one year -€4,113
down €4,113 (-79.8%), from €5,151 to €1,038
- Other debts -€2,386
down €2,386 (-14.5%), from €16,464 to €14,078
- Tax, wage and social debts +€2,149
up €2,149 (+84.3%), from €2,550 to €4,698
- Trade debts -€419
down €419 (-24.3%), from €1,728 to €1,309
- Turnover +€17,437
up €17,437 (+30.7%), from €56,782 to €74,219
- Gross operating margin +€11,028
up €11,028 (+83.1%), from €13,276 to €24,304
- Purchases and services +€6,408
up €6,408 (+14.7%), from €43,506 to €49,914
- Taxes +€3,531
up €3,531 (+222.9%), from €1,584 to €5,115
- Depreciation -€2,648
down €2,648 (-30.4%), from €8,708 to €6,060
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,005 | €35,537 | +€6,531 | +22.5% |
| Fixed assets | 21/28 | €11,591 | €7,228 | -€4,364 | -37.6% |
| Tangible fixed assets | 22/27 | €11,591 | €7,228 | -€4,364 | -37.6% |
| Land and buildings | 22 | €1,257 | €1,048 | -€210 | -16.7% |
| Plant, machinery and equipment | 23 | €1,000 | €970 | -€30 | -3.0% |
| Furniture and vehicles | 24 | €9,334 | €5,210 | -€4,124 | -44.2% |
| Current assets | 29/58 | €17,414 | €28,309 | +€10,895 | +62.6% |
| Stocks and contracts in progress | 3 | €1,112 | €2,847 | +€1,734 | +155.9% |
| Stocks | 30/36 | €1,112 | €2,847 | +€1,734 | +155.9% |
| Amounts receivable within one year | 40/41 | €11,279 | €10,115 | -€1,164 | -10.3% |
| Trade receivables | 40 | €11,279 | €8,552 | -€2,727 | -24.2% |
| Other amounts receivable | 41 | - | €1,563 | +€1,563 | |
| Cash at bank and in hand | 54/58 | €5,023 | €15,347 | +€10,325 | +205.6% |
| Total equity and liabilities | 10/49 | €29,005 | €35,537 | +€6,531 | +22.5% |
| Equity | 10/15 | -€934 | €10,301 | +€11,235 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €315 | €315 | = | 0.0% |
| Non-distributable reserves | 130/1 | €315 | €315 | = | 0.0% |
| Reserves not available under the articles | 1311 | €315 | €315 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,449 | €3,786 | +€11,235 | |
| Amounts payable | 17/49 | €29,940 | €25,236 | -€4,704 | -15.7% |
| Amounts payable after more than one year | 17 | €5,151 | €1,038 | -€4,113 | -79.8% |
| Financial debts | 170/4 | €5,151 | €1,038 | -€4,113 | -79.8% |
| Amounts payable within one year | 42/48 | €24,789 | €24,198 | -€591 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €4,047 | €4,113 | +€65 | +1.6% |
| Trade debts | 44 | €1,728 | €1,309 | -€419 | -24.3% |
| Suppliers | 440/4 | €1,728 | €1,309 | -€419 | -24.3% |
| Taxes, remuneration and social security | 45 | €2,550 | €4,698 | +€2,149 | +84.3% |
| Taxes | 450/3 | €2,550 | €4,698 | +€2,149 | +84.3% |
| Other amounts payable | 47/48 | €16,464 | €14,078 | -€2,386 | -14.5% |
| Turnover | 70 | €56,782 | €74,219 | +€17,437 | +30.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €43,506 | €49,914 | +€6,408 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,708 | €6,060 | -€2,648 | -30.4% |
| Other operating charges | 640/8 | €1,936 | €1,775 | -€160 | -8.3% |
| Gross operating margin | 9900 | €13,276 | €24,304 | +€11,028 | +83.1% |
| Operating profit (loss) | 9901 | €2,632 | €16,469 | +€13,837 | +525.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €182 | €120 | -€62 | -34.1% |
| Recurring financial charges | 65 | €182 | €120 | -€62 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €2,451 | €16,350 | +€13,899 | +567.2% |
| Income taxes | 67/77 | €1,584 | €5,115 | +€3,531 | +222.9% |
| Profit (loss) for the period | 9904 | €867 | €11,235 | +€10,368 | +1196.1% |
| Profit (loss) for the period to be appropriated | 9905 | €867 | €11,235 | +€10,368 | +1196.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.