PUTTERS INTERNATIONAL: 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.
PUTTERS INTERNATIONAL
Largest movements
- Current investments +€879,998
up €879,998 (+55.7%), from €1.6m to €2.5m
- Receivables within one year +€557,695
up €557,695 (+55.4%), from €1.0m to €1.6m
of which Trade receivables: +€579,622
- Cash +€460,743
up €460,743 (+5,451%), from €8,453 to €469,196
mainly Net result for the year (+€1.4m) and Other debts (+€1.0m)
- Tangible fixed assets -€81,712
down €81,712 (-17.3%), from €472,802 to €391,090
of which Furniture and vehicles: -€76,295
- Other debts +€1.0m
up €1.0m (+344%), from €299,861 to €1.3m
- Trade debts +€602,575
up €602,575 (+157%), from €384,587 to €987,162
- Profit (loss) carried forward +€149,328
up €149,328 (+7.5%), from €2.0m to €2.2m
- Tax, wage and social debts +€58,545
up €58,545 (+25.5%), from €229,858 to €288,403
of which Taxes: +€57,600
- Gross operating margin +€415,324
up €415,324 (+16.3%), from €2.5m to €3.0m
- Financial income +€144,022
up €144,022 (+29.3%), from €492,042 to €636,064
- Staff costs +€125,650
up €125,650 (+7.8%), from €1.6m to €1.7m
- Taxes +€93,624
up €93,624 (+89.1%), from €105,075 to €198,699
- Other operating charges +€37,358
up €37,358 (+85.3%), from €43,771 to €81,129
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 | €3,125,243 | €4,956,160 | +€1.8m | +58.6% |
| Fixed assets | 21/28 | €507,511 | €425,799 | -€81,712 | -16.1% |
| Tangible fixed assets | 22/27 | €472,802 | €391,090 | -€81,712 | -17.3% |
| Land and buildings | 22 | €37,646 | €28,431 | -€9,215 | -24.5% |
| Plant, machinery and equipment | 23 | €41,008 | €42,944 | +€1,937 | +4.7% |
| Furniture and vehicles | 24 | €207,437 | €131,142 | -€76,295 | -36.8% |
| Other tangible fixed assets | 26 | €186,712 | €188,572 | +€1,860 | +1.0% |
| Financial fixed assets | 28 | €34,709 | €34,709 | = | 0.0% |
| Current assets | 29/58 | €2,617,731 | €4,530,361 | +€1.9m | +73.1% |
| Amounts receivable within one year | 40/41 | €1,006,623 | €1,564,318 | +€557,695 | +55.4% |
| Trade receivables | 40 | €962,592 | €1,542,214 | +€579,622 | +60.2% |
| Other amounts receivable | 41 | €44,031 | €22,104 | -€21,927 | -49.8% |
| Current investments | 50/53 | €1,580,003 | €2,460,000 | +€879,998 | +55.7% |
| Cash at bank and in hand | 54/58 | €8,453 | €469,196 | +€460,743 | +5,451% |
| Deferred charges and accrued income | 490/1 | €22,653 | €36,847 | +€14,194 | +62.7% |
| Total equity and liabilities | 10/49 | €3,125,243 | €4,956,160 | +€1.8m | +58.6% |
| Equity | 10/15 | €2,164,321 | €2,313,649 | +€149,328 | +6.9% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €14,874 | €14,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,000,711 | €2,150,040 | +€149,328 | +7.5% |
| Amounts payable | 17/49 | €960,922 | €2,642,510 | +€1.7m | +175% |
| Amounts payable within one year | 42/48 | €914,306 | €2,606,575 | +€1.7m | +185% |
| Trade debts | 44 | €384,587 | €987,162 | +€602,575 | +157% |
| Suppliers | 440/4 | €384,587 | €987,162 | +€602,575 | +157% |
| Taxes, remuneration and social security | 45 | €229,858 | €288,403 | +€58,545 | +25.5% |
| Taxes | 450/3 | €42,630 | €100,230 | +€57,600 | +135% |
| Remuneration and social security | 454/9 | €187,228 | €188,173 | +€945 | +0.5% |
| Other amounts payable | 47/48 | €299,861 | €1,331,010 | +€1.0m | +344% |
| Accrued charges and deferred income | 492/3 | €46,616 | €35,936 | -€10,680 | -22.9% |
| Remuneration, social security and pensions | 62 | €1,602,984 | €1,728,634 | +€125,650 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,011 | €114,030 | -€23,981 | -17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,225 | €0 | -€23,225 | -100% |
| Other operating charges | 640/8 | €43,771 | €81,129 | +€37,358 | +85.3% |
| Gross operating margin | 9900 | €2,540,595 | €2,955,919 | +€415,324 | +16.3% |
| Operating profit (loss) | 9901 | €732,604 | €1,032,126 | +€299,521 | +40.9% |
| Financial income | 75/76B | €492,042 | €636,064 | +€144,022 | +29.3% |
| Recurring financial income | 75 | €492,042 | €636,064 | +€144,022 | +29.3% |
| Financial charges | 65/66B | €17,169 | €20,162 | +€2,993 | +17.4% |
| Recurring financial charges | 65 | €17,169 | €20,162 | +€2,993 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €1,207,477 | €1,648,028 | +€440,551 | +36.5% |
| Income taxes | 67/77 | €105,075 | €198,699 | +€93,624 | +89.1% |
| Profit (loss) for the period | 9904 | €1,102,402 | €1,449,328 | +€346,926 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,102,402 | €1,449,328 | +€346,926 | +31.5% |
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 28 October 2026 via checked.be.