Puttevils: what changed
Two fiscal 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.
Puttevils
Largest movements
- Stocks and contracts +€25,731
up €25,731 (+24.8%), from €103,710 to €129,441
- Cash -€12,602
down €12,602 (-52.6%), from €23,964 to €11,362
mainly Trade debts (-€51,319) and Stocks and contracts (-€25,731)
- Deferred charges and accrued income -€11,338
down €11,338 (-98.9%), from €11,461 to €123
- Receivables within one year -€4,513
down €4,513 (-17.3%), from €26,091 to €21,579
of which Trade receivables: -€6,357
- Tangible fixed assets -€3,241
down €3,241 (-3.6%), from €90,314 to €87,073
of which Land and buildings: -€7,589
- Trade debts -€51,319
down €51,319 (-74.2%), from €69,144 to €17,824
- Other debts +€47,782
up €47,782 (+35.0%), from €136,495 to €184,278
- Profit (loss) carried forward +€5,572
up €5,572 (+50.7%), from -€10,991 to -€5,419
- Tax, wage and social debts -€5,459
down €5,459 (-49.5%), from €11,029 to €5,571
of which Taxes: -€4,328
- Current portion of long-term debt -€3,476
down €3,476 (-54.1%), from €6,426 to €2,950
- Gross operating margin +€11,138
up €11,138 (+37.0%), from €30,109 to €41,247
- Staff costs -€5,782
down €5,782 (-27.1%), from €21,361 to €15,579
- Depreciation -€1,343
down €1,343 (-6.8%), from €19,787 to €18,444
- Financial income +€1,137
up €1,137, from €0 to €1,137
- Taxes +€665
up €665, from €0 to €665
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 | €257,603 | €251,226 | -€6,377 | -2.5% |
| Fixed assets | 21/28 | €92,376 | €88,722 | -€3,654 | -4.0% |
| Intangible fixed assets | 21 | €2,062 | €1,650 | -€412 | -20.0% |
| Tangible fixed assets | 22/27 | €90,314 | €87,073 | -€3,241 | -3.6% |
| Land and buildings | 22 | €65,589 | €58,000 | -€7,589 | -11.6% |
| Plant, machinery and equipment | 23 | €24,725 | €22,377 | -€2,348 | -9.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | - | €6,696 | +€6,696 | |
| Current assets | 29/58 | €165,227 | €162,504 | -€2,723 | -1.6% |
| Stocks and contracts in progress | 3 | €103,710 | €129,441 | +€25,731 | +24.8% |
| Stocks | 30/36 | €103,710 | €129,441 | +€25,731 | +24.8% |
| Amounts receivable within one year | 40/41 | €26,091 | €21,579 | -€4,513 | -17.3% |
| Trade receivables | 40 | €26,091 | €19,734 | -€6,357 | -24.4% |
| Other amounts receivable | 41 | €0 | €1,844 | +€1,844 | |
| Cash at bank and in hand | 54/58 | €23,964 | €11,362 | -€12,602 | -52.6% |
| Deferred charges and accrued income | 490/1 | €11,461 | €123 | -€11,338 | -98.9% |
| Total equity and liabilities | 10/49 | €257,603 | €251,226 | -€6,377 | -2.5% |
| Equity | 10/15 | €34,509 | €40,081 | +€5,572 | +16.1% |
| Contributions | 10/11 | €45,500 | €45,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,991 | -€5,419 | +€5,572 | +50.7% |
| Amounts payable | 17/49 | €223,094 | €211,146 | -€11,948 | -5.4% |
| Amounts payable after more than one year | 17 | €0 | €523 | +€523 | |
| Financial debts | 170/4 | €0 | €523 | +€523 | |
| Amounts payable within one year | 42/48 | €223,094 | €210,622 | -€12,472 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €6,426 | €2,950 | -€3,476 | -54.1% |
| Trade debts | 44 | €69,144 | €17,824 | -€51,319 | -74.2% |
| Suppliers | 440/4 | €69,144 | €17,824 | -€51,319 | -74.2% |
| Taxes, remuneration and social security | 45 | €11,029 | €5,571 | -€5,459 | -49.5% |
| Taxes | 450/3 | €6,527 | €2,199 | -€4,328 | -66.3% |
| Remuneration and social security | 454/9 | €4,502 | €3,371 | -€1,131 | -25.1% |
| Other amounts payable | 47/48 | €136,495 | €184,278 | +€47,782 | +35.0% |
| Remuneration, social security and pensions | 62 | €21,361 | €15,579 | -€5,782 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,787 | €18,444 | -€1,343 | -6.8% |
| Other operating charges | 640/8 | €1,482 | €850 | -€632 | -42.7% |
| Non-recurring operating charges | 66A | €1,445 | €0 | -€1,445 | -100.0% |
| Gross operating margin | 9900 | €30,109 | €41,247 | +€11,138 | +37.0% |
| Operating profit (loss) | 9901 | -€13,966 | €6,374 | +€20,340 | |
| Financial income | 75/76B | €0 | €1,137 | +€1,137 | |
| Recurring financial income | 75 | €0 | €1,137 | +€1,137 | |
| Financial charges | 65/66B | €806 | €1,274 | +€468 | +58.1% |
| Recurring financial charges | 65 | €806 | €1,274 | +€468 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,772 | €6,237 | +€21,009 | |
| Income taxes | 67/77 | €0 | €665 | +€665 | |
| Profit (loss) for the period | 9904 | -€14,772 | €5,572 | +€20,344 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,772 | €5,572 | +€20,344 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.