PUVAST: 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.
PUVAST
Largest movements
- Tangible fixed assets -€17,600
down €17,600 (-4.5%), from €391,600 to €374,000
- Debts after one year -€19,430
down €19,430 (-6.9%), from €281,085 to €261,656
- Gross operating margin -€4,026
down €4,026 (-12.2%), from €33,002 to €28,976
- Taxes -€1,007
down €1,007 (-53.5%), from €1,882 to €875
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €399,520 | €383,335 | -€16,186 | -4.1% |
| Fixed assets | 21/28 | €391,600 | €374,000 | -€17,600 | -4.5% |
| Tangible fixed assets | 22/27 | €391,600 | €374,000 | -€17,600 | -4.5% |
| Land and buildings | 22 | €391,600 | €374,000 | -€17,600 | -4.5% |
| Current assets | 29/58 | €7,920 | €9,335 | +€1,414 | +17.9% |
| Amounts receivable within one year | 40/41 | €1,215 | €1,215 | = | 0.0% |
| Other amounts receivable | 41 | €1,215 | €1,215 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,095 | €7,907 | +€1,812 | +29.7% |
| Deferred charges and accrued income | 490/1 | €610 | €213 | -€398 | -65.2% |
| Total equity and liabilities | 10/49 | €399,520 | €383,335 | -€16,186 | -4.1% |
| Equity | 10/15 | €92,753 | €95,156 | +€2,403 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,153 | €76,556 | +€2,403 | +3.2% |
| Distributable reserves | 133 | €74,153 | €76,556 | +€2,403 | +3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €306,767 | €288,178 | -€18,589 | -6.1% |
| Amounts payable after more than one year | 17 | €281,085 | €261,656 | -€19,430 | -6.9% |
| Financial debts | 170/4 | €281,085 | €261,656 | -€19,430 | -6.9% |
| Amounts payable within one year | 42/48 | €25,682 | €26,467 | +€785 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €24,893 | €25,362 | +€470 | +1.9% |
| Trade debts | 44 | €789 | €230 | -€559 | -70.8% |
| Suppliers | 440/4 | €789 | €230 | -€559 | -70.8% |
| Taxes, remuneration and social security | 45 | €0 | €875 | +€875 | |
| Taxes | 450/3 | €0 | €875 | +€875 | |
| Accrued charges and deferred income | 492/3 | - | €55 | +€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,600 | €17,600 | = | 0.0% |
| Other operating charges | 640/8 | €2,216 | €2,286 | +€70 | +3.1% |
| Gross operating margin | 9900 | €33,002 | €28,976 | -€4,026 | -12.2% |
| Operating profit (loss) | 9901 | €13,187 | €9,091 | -€4,096 | -31.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,658 | €5,813 | +€155 | +2.7% |
| Recurring financial charges | 65 | €5,658 | €5,813 | +€155 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €7,529 | €3,278 | -€4,251 | -56.5% |
| Income taxes | 67/77 | €1,882 | €875 | -€1,007 | -53.5% |
| Profit (loss) for the period | 9904 | €5,646 | €2,403 | -€3,243 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,646 | €2,403 | -€3,243 | -57.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.