PUZUM: 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.
PUZUM
Largest movements
- Receivables within one year -€333,780
down €333,780 (-84.4%), from €395,475 to €61,694
of which Trade receivables: -€264,798
- Cash +€205,680
up €205,680 (+273.8%), from €75,124 to €280,804
mainly Receivables within one year (+€333,780) and Net result for the year (+€304,151)
- Tangible fixed assets -€63,495
down €63,495 (-6.9%), from €925,018 to €861,523
- Reserves +€308,000
up €308,000 (+175.6%), from €175,360 to €483,360
of which Distributable reserves: +€308,000
- Other debts -€302,427
down €302,427 (-65.2%), from €463,526 to €161,099
- Current portion of long-term debt -€149,983
down €149,983 (-72.8%), from €205,912 to €55,929
- Debts after one year -€55,929
down €55,929 (-13.3%), from €419,231 to €363,302
- Accrued charges and deferred income +€22,053
up €22,053 (+51.2%), from €43,061 to €65,113
- Provisions -€56,000
down €56,000 (-100.0%), from €56,000 to €0
- Gross operating margin -€55,121
down €55,121 (-10.2%), from €542,368 to €487,247
- Taxes +€7,466
up €7,466 (+8.1%), from €91,659 to €99,125
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,396,715 | €1,205,161 | -€191,554 | -13.7% |
| Fixed assets | 21/28 | €925,018 | €861,523 | -€63,495 | -6.9% |
| Tangible fixed assets | 22/27 | €925,018 | €861,523 | -€63,495 | -6.9% |
| Land and buildings | 22 | €925,018 | €861,523 | -€63,495 | -6.9% |
| Current assets | 29/58 | €471,697 | €343,638 | -€128,059 | -27.1% |
| Amounts receivable within one year | 40/41 | €395,475 | €61,694 | -€333,780 | -84.4% |
| Trade receivables | 40 | €264,798 | €0 | -€264,798 | -100.0% |
| Other amounts receivable | 41 | €130,677 | €61,694 | -€68,983 | -52.8% |
| Cash at bank and in hand | 54/58 | €75,124 | €280,804 | +€205,680 | +273.8% |
| Deferred charges and accrued income | 490/1 | €1,099 | €1,140 | +€41 | +3.8% |
| Total equity and liabilities | 10/49 | €1,396,715 | €1,205,161 | -€191,554 | -13.7% |
| Equity | 10/15 | €198,417 | €502,568 | +€304,151 | +153.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,360 | €483,360 | +€308,000 | +175.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €173,500 | €481,500 | +€308,000 | +177.5% |
| Profit (loss) carried forward | 14 | €4,457 | €608 | -€3,849 | -86.4% |
| Provisions and deferred taxes | 16 | €56,000 | €56,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €56,000 | €56,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €56,000 | €56,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,142,298 | €646,593 | -€495,706 | -43.4% |
| Amounts payable after more than one year | 17 | €419,231 | €363,302 | -€55,929 | -13.3% |
| Financial debts | 170/4 | €419,231 | €363,302 | -€55,929 | -13.3% |
| Amounts payable within one year | 42/48 | €680,007 | €218,178 | -€461,829 | -67.9% |
| Current portion of amounts payable after more than one year | 42 | €205,912 | €55,929 | -€149,983 | -72.8% |
| Trade debts | 44 | €174 | €331 | +€156 | +89.7% |
| Suppliers | 440/4 | €174 | €331 | +€156 | +89.7% |
| Taxes, remuneration and social security | 45 | €10,395 | €819 | -€9,576 | -92.1% |
| Taxes | 450/3 | €10,395 | €819 | -€9,576 | -92.1% |
| Other amounts payable | 47/48 | €463,526 | €161,099 | -€302,427 | -65.2% |
| Accrued charges and deferred income | 492/3 | €43,061 | €65,113 | +€22,053 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,911 | €63,495 | -€3,416 | -5.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €56,000 | €0 | -€56,000 | -100.0% |
| Other operating charges | 640/8 | €429 | €446 | +€17 | +4.1% |
| Gross operating margin | 9900 | €542,368 | €487,247 | -€55,121 | -10.2% |
| Operating profit (loss) | 9901 | €419,028 | €423,306 | +€4,278 | +1.0% |
| Financial income | 75/76B | - | €301 | +€301 | |
| Recurring financial income | 75 | - | €301 | +€301 | |
| Financial charges | 65/66B | €23,871 | €20,330 | -€3,541 | -14.8% |
| Recurring financial charges | 65 | €23,871 | €20,330 | -€3,541 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €395,158 | €403,277 | +€8,119 | +2.1% |
| Income taxes | 67/77 | €91,659 | €99,125 | +€7,466 | +8.1% |
| Profit (loss) for the period | 9904 | €303,499 | €304,151 | +€653 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €303,499 | €304,151 | +€653 | +0.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.