Windows Punt: 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.
Windows Punt
Largest movements
- Tangible fixed assets +€47,247
up €47,247 (+415.5%), from €11,372 to €58,619
of which Leasing and similar rights: +€26,896
- Cash -€26,165
down €26,165 (-34.5%), from €75,871 to €49,705
mainly Investment in fixed assets (net) (-€61,384) and Receivables within one year (-€12,818)
- Receivables within one year +€12,818
up €12,818 (+29.2%), from €43,882 to €56,700
of which Trade receivables: +€14,084
- Deferred charges and accrued income +€2,081
up €2,081, from €0 to €2,081
- Debts after one year +€22,826
up €22,826, from €0 to €22,826
- Reserves +€11,155
up €11,155 (+10.0%), from €111,041 to €122,196
- Current portion of long-term debt +€2,397
up €2,397 (+65.3%), from €3,673 to €6,070
- Gross operating margin +€14,537
up €14,537 (+56.8%), from €25,613 to €40,150
- Other operating charges +€9,522
up €9,522 (+1655.6%), from €575 to €10,097
- Depreciation +€6,780
up €6,780 (+92.1%), from €7,357 to €14,137
- Financial charges -€716
down €716 (-32.4%), from €2,210 to €1,495
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 | €131,125 | €167,106 | +€35,981 | +27.4% |
| Fixed assets | 21/28 | €11,372 | €58,619 | +€47,247 | +415.5% |
| Tangible fixed assets | 22/27 | €11,372 | €58,619 | +€47,247 | +415.5% |
| Plant, machinery and equipment | 23 | €1,752 | €629 | -€1,124 | -64.1% |
| Furniture and vehicles | 24 | €9,620 | €31,094 | +€21,474 | +223.2% |
| Leasing and similar rights | 25 | - | €26,896 | +€26,896 | |
| Current assets | 29/58 | €119,752 | €108,487 | -€11,266 | -9.4% |
| Amounts receivable within one year | 40/41 | €43,882 | €56,700 | +€12,818 | +29.2% |
| Trade receivables | 40 | €30,396 | €44,480 | +€14,084 | +46.3% |
| Other amounts receivable | 41 | €13,486 | €12,220 | -€1,266 | -9.4% |
| Cash at bank and in hand | 54/58 | €75,871 | €49,705 | -€26,165 | -34.5% |
| Deferred charges and accrued income | 490/1 | €0 | €2,081 | +€2,081 | |
| Total equity and liabilities | 10/49 | €131,125 | €167,106 | +€35,981 | +27.4% |
| Equity | 10/15 | €116,041 | €127,196 | +€11,155 | +9.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,041 | €122,196 | +€11,155 | +10.0% |
| Distributable reserves | 133 | €111,041 | €122,196 | +€11,155 | +10.0% |
| Amounts payable | 17/49 | €15,083 | €39,909 | +€24,826 | +164.6% |
| Amounts payable after more than one year | 17 | €0 | €22,826 | +€22,826 | |
| Financial debts | 170/4 | €0 | €22,826 | +€22,826 | |
| Amounts payable within one year | 42/48 | €15,083 | €17,083 | +€2,000 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €3,673 | €6,070 | +€2,397 | +65.3% |
| Trade debts | 44 | €1,697 | €1,239 | -€458 | -27.0% |
| Suppliers | 440/4 | €1,697 | €1,239 | -€458 | -27.0% |
| Taxes, remuneration and social security | 45 | €9,714 | €9,775 | +€61 | +0.6% |
| Taxes | 450/3 | €9,714 | €9,775 | +€61 | +0.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,357 | €14,137 | +€6,780 | +92.1% |
| Other operating charges | 640/8 | €575 | €10,097 | +€9,522 | +1655.6% |
| Gross operating margin | 9900 | €25,613 | €40,150 | +€14,537 | +56.8% |
| Operating profit (loss) | 9901 | €17,680 | €15,915 | -€1,765 | -10.0% |
| Financial income | 75/76B | €562 | €274 | -€288 | -51.2% |
| Recurring financial income | 75 | €562 | €274 | -€288 | -51.2% |
| Financial charges | 65/66B | €2,210 | €1,495 | -€716 | -32.4% |
| Recurring financial charges | 65 | €2,210 | €1,495 | -€716 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €16,032 | €14,695 | -€1,337 | -8.3% |
| Income taxes | 67/77 | €3,504 | €3,540 | +€36 | +1.0% |
| Profit (loss) for the period | 9904 | €12,527 | €11,155 | -€1,372 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,527 | €11,155 | -€1,372 | -11.0% |
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 7 October 2026 via checked.be.