RX PUTCH: 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.
RX PUTCH
Largest movements
- Deferred charges and accrued income +€132,799
up €132,799 (+397.0%), from €33,448 to €166,247
- Receivables within one year +€97,590
new in 2025: €97,590
- Intangible fixed assets +€87,177
up €87,177 (+137.8%), from €63,252 to €150,429
- Cash +€22,498
up €22,498 (+15.0%), from €149,541 to €172,039
mainly Net result for the year (+€230,203) and Provisions (+€92,028)
- Tangible fixed assets -€15,036
down €15,036 (-35.7%), from €42,099 to €27,063
of which Furniture and vehicles: -€18,647
- Profit (loss) carried forward +€230,204
up €230,204 (+191.1%), from €120,454 to €350,658
- Provisions +€92,028
up €92,028 (+102.8%), from €89,508 to €181,536
- Tax, wage and social debts +€43,948
up €43,948 (+210.5%), from €20,879 to €64,827
- Short-term financial debts -€31,671
down €31,671 (-72.7%), from €43,588 to €11,917
- Other debts -€9,823
no longer reported in 2025 (was €9,823)
- Gross operating margin +€159,397
up €159,397 (+53.3%), from €298,825 to €458,222
- Taxes +€41,453
up €41,453 (+62.2%), from €66,687 to €108,140
- Depreciation +€5,447
up €5,447 (+24.8%), from €21,942 to €27,389
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 | €288,340 | €613,368 | +€325,028 | +112.7% |
| Fixed assets | 21/28 | €105,351 | €177,492 | +€72,141 | +68.5% |
| Intangible fixed assets | 21 | €63,252 | €150,429 | +€87,177 | +137.8% |
| Tangible fixed assets | 22/27 | €42,099 | €27,063 | -€15,036 | -35.7% |
| Plant, machinery and equipment | 23 | €1,698 | €5,308 | +€3,610 | +212.6% |
| Furniture and vehicles | 24 | €40,401 | €21,754 | -€18,647 | -46.2% |
| Current assets | 29/58 | €182,989 | €435,876 | +€252,887 | +138.2% |
| Amounts receivable within one year | 40/41 | - | €97,590 | +€97,590 | |
| Other amounts receivable | 41 | - | €97,590 | +€97,590 | |
| Cash at bank and in hand | 54/58 | €149,541 | €172,039 | +€22,498 | +15.0% |
| Deferred charges and accrued income | 490/1 | €33,448 | €166,247 | +€132,799 | +397.0% |
| Total equity and liabilities | 10/49 | €288,340 | €613,368 | +€325,028 | +112.7% |
| Equity | 10/15 | €123,454 | €353,658 | +€230,204 | +186.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,454 | €350,658 | +€230,204 | +191.1% |
| Provisions and deferred taxes | 16 | €89,508 | €181,536 | +€92,028 | +102.8% |
| Provisions for liabilities and charges | 160/5 | €89,508 | €181,536 | +€92,028 | +102.8% |
| Environmental obligations | 163 | €89,508 | €181,536 | +€92,028 | +102.8% |
| Amounts payable | 17/49 | €75,378 | €78,175 | +€2,797 | +3.7% |
| Amounts payable within one year | 42/48 | €75,378 | €78,175 | +€2,797 | +3.7% |
| Financial debts | 43 | €43,588 | €11,917 | -€31,671 | -72.7% |
| Credit institutions | 430/8 | €43,588 | €11,917 | -€31,671 | -72.7% |
| Trade debts | 44 | €1,088 | €1,430 | +€342 | +31.5% |
| Suppliers | 440/4 | €1,088 | €1,430 | +€342 | +31.5% |
| Taxes, remuneration and social security | 45 | €20,879 | €64,827 | +€43,948 | +210.5% |
| Taxes | 450/3 | €20,879 | €64,827 | +€43,948 | +210.5% |
| Other amounts payable | 47/48 | €9,823 | - | -€9,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,942 | €27,389 | +€5,447 | +24.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €89,508 | €92,028 | +€2,520 | +2.8% |
| Other operating charges | 640/8 | - | €269 | +€269 | |
| Gross operating margin | 9900 | €298,825 | €458,222 | +€159,397 | +53.3% |
| Operating profit (loss) | 9901 | €187,375 | €338,536 | +€151,161 | +80.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €234 | €194 | -€40 | -17.1% |
| Recurring financial charges | 65 | €234 | €194 | -€40 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €187,141 | €338,344 | +€151,203 | +80.8% |
| Income taxes | 67/77 | €66,687 | €108,140 | +€41,453 | +62.2% |
| Profit (loss) for the period | 9904 | €120,454 | €230,203 | +€109,749 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €120,454 | €230,203 | +€109,749 | +91.1% |
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 8 October 2026 via checked.be.