PuuHR: 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.
PuuHR
Largest movements
- Receivables within one year +€63,298
up €63,298 (+146.9%), from €43,101 to €106,399
of which Trade receivables: +€64,003
- Cash -€11,338
down €11,338 (-31.7%), from €35,714 to €24,376
mainly Receivables within one year (-€63,298) and Net result for the year (-€53,114)
- Intangible fixed assets -€2,707
down €2,707 (-27.8%), from €9,754 to €7,047
- Deferred charges and accrued income +€2,420
up €2,420 (+69.6%), from €3,478 to €5,898
- Contributions +€75,000
up €75,000 (+375.0%), from €20,000 to €95,000
- Profit (loss) carried forward -€43,348
new in 2025: -€43,348
- Trade debts +€11,614
up €11,614 (+23.5%), from €49,479 to €61,092
- Reserves -€9,765
down €9,765 (-83.0%), from €11,765 to €2,000
of which Distributable reserves: -€9,765
- Other debts +€8,460
up €8,460 (+2330.7%), from €363 to €8,823
- Staff costs -€21,647
down €21,647 (-23.0%), from €94,167 to €72,520
- Depreciation -€7,052
down €7,052 (-72.3%), from €9,759 to €2,707
- Other operating charges +€6,133
up €6,133 (+203.3%), from €3,017 to €9,150
- Gross operating margin +€5,917
up €5,917 (+17.2%), from €34,399 to €40,315
- Taxes +€3,841
up €3,841 (+520.6%), from €738 to €4,579
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 | €95,826 | €146,873 | +€51,047 | +53.3% |
| Fixed assets | 21/28 | €13,533 | €10,200 | -€3,333 | -24.6% |
| Intangible fixed assets | 21 | €9,754 | €7,047 | -€2,707 | -27.8% |
| Tangible fixed assets | 22/27 | €1,179 | €1,179 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,179 | €1,179 | = | 0.0% |
| Financial fixed assets | 28 | €2,600 | €1,974 | -€626 | -24.1% |
| Current assets | 29/58 | €82,293 | €136,674 | +€54,380 | +66.1% |
| Amounts receivable within one year | 40/41 | €43,101 | €106,399 | +€63,298 | +146.9% |
| Trade receivables | 40 | €40,786 | €104,789 | +€64,003 | +156.9% |
| Other amounts receivable | 41 | €2,315 | €1,610 | -€706 | -30.5% |
| Cash at bank and in hand | 54/58 | €35,714 | €24,376 | -€11,338 | -31.7% |
| Deferred charges and accrued income | 490/1 | €3,478 | €5,898 | +€2,420 | +69.6% |
| Total equity and liabilities | 10/49 | €95,826 | €146,873 | +€51,047 | +53.3% |
| Equity | 10/15 | €31,765 | €53,652 | +€21,886 | +68.9% |
| Contributions | 10/11 | €20,000 | €95,000 | +€75,000 | +375.0% |
| Reserves | 13 | €11,765 | €2,000 | -€9,765 | -83.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €9,765 | €0 | -€9,765 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€43,348 | -€43,348 | |
| Amounts payable | 17/49 | €64,061 | €93,222 | +€29,161 | +45.5% |
| Amounts payable within one year | 42/48 | €62,913 | €91,439 | +€28,527 | +45.3% |
| Trade debts | 44 | €49,479 | €61,092 | +€11,614 | +23.5% |
| Suppliers | 440/4 | €49,479 | €61,092 | +€11,614 | +23.5% |
| Advances received on contracts in progress | 46 | €0 | €3,986 | +€3,986 | |
| Taxes, remuneration and social security | 45 | €13,071 | €17,538 | +€4,467 | +34.2% |
| Taxes | 450/3 | €6,592 | €9,484 | +€2,892 | +43.9% |
| Remuneration and social security | 454/9 | €6,479 | €8,054 | +€1,575 | +24.3% |
| Other amounts payable | 47/48 | €363 | €8,823 | +€8,460 | +2330.7% |
| Accrued charges and deferred income | 492/3 | €1,148 | €1,783 | +€634 | +55.2% |
| Non-recurring operating income | 76A | €0 | €13,732 | +€13,732 | |
| Remuneration, social security and pensions | 62 | €94,167 | €72,520 | -€21,647 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,759 | €2,707 | -€7,052 | -72.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,017 | €9,150 | +€6,133 | +203.3% |
| Non-recurring operating charges | 66A | €486 | €0 | -€486 | -100.0% |
| Gross operating margin | 9900 | €34,399 | €40,315 | +€5,917 | +17.2% |
| Operating profit (loss) | 9901 | -€73,030 | -€44,062 | +€28,968 | +39.7% |
| Financial income | 75/76B | €0 | €669 | +€669 | +230593.1% |
| Recurring financial income | 75 | €0 | €669 | +€669 | +230593.1% |
| Financial charges | 65/66B | €2,578 | €5,142 | +€2,565 | +99.5% |
| Recurring financial charges | 65 | €2,578 | €5,142 | +€2,565 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | -€75,607 | -€48,535 | +€27,072 | +35.8% |
| Income taxes | 67/77 | €738 | €4,579 | +€3,841 | +520.6% |
| Profit (loss) for the period | 9904 | -€76,345 | -€53,114 | +€23,231 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,345 | -€53,114 | +€23,231 | +30.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.