PUTTIE: 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.
PUTTIE
Largest movements
- Tangible fixed assets -€26,430
down €26,430 (-5.0%), from €529,118 to €502,688
of which Land and buildings: -€26,620
- Receivables within one year -€7,716
down €7,716 (-4.9%), from €156,643 to €148,927
of which Trade receivables: -€8,934
- Accrued charges and deferred income -€137,500
no longer reported in 2025 (was €137,500)
- Other debts +€104,000
new in 2025: €104,000
- Current portion of long-term debt -€30,860
down €30,860 (-68.6%), from €44,983 to €14,123
- Profit (loss) carried forward +€18,161
up €18,161 (+11.3%), from €161,362 to €179,523
- Tax, wage and social debts +€15,401
up €15,401 (+68.1%), from €22,616 to €38,017
of which Remuneration and social security: +€18,887
- Gross operating margin -€3,964
down €3,964 (-5.0%), from €79,303 to €75,339
- Financial charges -€1,511
down €1,511 (-8.4%), from €17,970 to €16,458
- Depreciation +€1,499
up €1,499 (+5.6%), from €26,662 to €28,161
- Taxes -€810
down €810 (-7.9%), from €10,312 to €9,502
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 | €699,250 | €665,209 | -€34,040 | -4.9% |
| Fixed assets | 21/28 | €530,118 | €503,688 | -€26,430 | -5.0% |
| Tangible fixed assets | 22/27 | €529,118 | €502,688 | -€26,430 | -5.0% |
| Land and buildings | 22 | €510,407 | €483,786 | -€26,620 | -5.2% |
| Plant, machinery and equipment | 23 | €4,332 | €5,214 | +€882 | +20.3% |
| Furniture and vehicles | 24 | €1,271 | €580 | -€691 | -54.4% |
| Other tangible fixed assets | 26 | €13,108 | €13,108 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €169,131 | €161,521 | -€7,610 | -4.5% |
| Amounts receivable within one year | 40/41 | €156,643 | €148,927 | -€7,716 | -4.9% |
| Trade receivables | 40 | €44,270 | €35,335 | -€8,934 | -20.2% |
| Other amounts receivable | 41 | €112,373 | €113,592 | +€1,219 | +1.1% |
| Cash at bank and in hand | 54/58 | €2,075 | €4,638 | +€2,563 | +124% |
| Deferred charges and accrued income | 490/1 | €10,414 | €7,956 | -€2,458 | -23.6% |
| Total equity and liabilities | 10/49 | €699,250 | €665,209 | -€34,040 | -4.9% |
| Equity | 10/15 | €181,822 | €199,983 | +€18,161 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,362 | €179,523 | +€18,161 | +11.3% |
| Amounts payable | 17/49 | €517,428 | €465,226 | -€52,201 | -10.1% |
| Amounts payable after more than one year | 17 | €294,984 | €288,362 | -€6,623 | -2.2% |
| Financial debts | 170/4 | €294,984 | €288,362 | -€6,623 | -2.2% |
| Amounts payable within one year | 42/48 | €84,943 | €176,865 | +€91,922 | +108% |
| Current portion of amounts payable after more than one year | 42 | €44,983 | €14,123 | -€30,860 | -68.6% |
| Trade debts | 44 | €17,345 | €20,725 | +€3,380 | +19.5% |
| Suppliers | 440/4 | €17,345 | €20,725 | +€3,380 | +19.5% |
| Taxes, remuneration and social security | 45 | €22,616 | €38,017 | +€15,401 | +68.1% |
| Taxes | 450/3 | €22,616 | €19,130 | -€3,486 | -15.4% |
| Remuneration and social security | 454/9 | - | €18,887 | +€18,887 | |
| Other amounts payable | 47/48 | - | €104,000 | +€104,000 | |
| Accrued charges and deferred income | 492/3 | €137,500 | - | -€137,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,662 | €28,161 | +€1,499 | +5.6% |
| Other operating charges | 640/8 | €3,561 | €3,056 | -€504 | -14.2% |
| Gross operating margin | 9900 | €79,303 | €75,339 | -€3,964 | -5.0% |
| Operating profit (loss) | 9901 | €49,080 | €44,121 | -€4,959 | -10.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €17,970 | €16,458 | -€1,511 | -8.4% |
| Recurring financial charges | 65 | €17,970 | €16,458 | -€1,511 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €31,111 | €27,663 | -€3,448 | -11.1% |
| Income taxes | 67/77 | €10,312 | €9,502 | -€810 | -7.9% |
| Profit (loss) for the period | 9904 | €20,799 | €18,161 | -€2,638 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,799 | €18,161 | -€2,638 | -12.7% |
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 26 October 2026 via checked.be.