PUTZEYS: what changed
PUTZEYS
Largest movements
- Cash +€11,094
up €11,094 (+49.0%), from €22,638 to €33,732
mainly Net result for the year (+€23,214) and Tax, wage and social debts (+€995)
- Receivables within one year +€5,895
up €5,895 (+2.3%), from €253,624 to €259,519
of which Other amounts receivable: +€10,046
- Reserves +€23,214
up €23,214 (+9.4%), from €245,897 to €269,111
of which Distributable reserves: +€23,214
- Trade debts -€6,374
down €6,374 (-85.7%), from €7,441 to €1,066
- Gross operating margin +€13,224
up €13,224 (+18.7%), from €70,763 to €83,987
- Staff costs -€5,178
down €5,178 (-9.7%), from €53,659 to €48,481
- Taxes +€4,269
up €4,269 (+69.8%), from €6,117 to €10,386
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,282 | €295,647 | +€16,365 | +5.9% |
| Fixed assets | 21/28 | €3,020 | €2,396 | -€623 | -20.6% |
| Tangible fixed assets | 22/27 | €2,199 | €1,575 | -€623 | -28.4% |
| Furniture and vehicles | 24 | €2,199 | €1,575 | -€623 | -28.4% |
| Financial fixed assets | 28 | €821 | €821 | = | 0.0% |
| Current assets | 29/58 | €276,263 | €293,251 | +€16,988 | +6.1% |
| Amounts receivable within one year | 40/41 | €253,624 | €259,519 | +€5,895 | +2.3% |
| Trade receivables | 40 | €4,152 | - | -€4,152 | |
| Other amounts receivable | 41 | €249,473 | €259,519 | +€10,046 | +4.0% |
| Cash at bank and in hand | 54/58 | €22,638 | €33,732 | +€11,094 | +49.0% |
| Total equity and liabilities | 10/49 | €279,282 | €295,647 | +€16,365 | +5.9% |
| Equity | 10/15 | €264,497 | €287,711 | +€23,214 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €245,897 | €269,111 | +€23,214 | +9.4% |
| Tax-exempt reserves | 132 | €71,669 | €71,669 | = | 0.0% |
| Distributable reserves | 133 | €174,227 | €197,442 | +€23,214 | +13.3% |
| Amounts payable | 17/49 | €14,786 | €7,936 | -€6,849 | -46.3% |
| Amounts payable within one year | 42/48 | €14,786 | €7,936 | -€6,849 | -46.3% |
| Trade debts | 44 | €7,441 | €1,066 | -€6,374 | -85.7% |
| Suppliers | 440/4 | €7,441 | €1,066 | -€6,374 | -85.7% |
| Advances received on contracts in progress | 46 | €1,014 | - | -€1,014 | |
| Taxes, remuneration and social security | 45 | €5,068 | €6,063 | +€995 | +19.6% |
| Taxes | 450/3 | €2,117 | €3,386 | +€1,269 | +59.9% |
| Remuneration and social security | 454/9 | €2,951 | €2,677 | -€273 | -9.3% |
| Other amounts payable | 47/48 | €1,262 | €806 | -€456 | -36.1% |
| Non-recurring operating income | 76A | €287 | €48 | -€239 | -83.4% |
| Remuneration, social security and pensions | 62 | €53,659 | €48,481 | -€5,178 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438 | €623 | +€185 | +42.2% |
| Other operating charges | 640/8 | €62 | €201 | +€139 | +224% |
| Non-recurring operating charges | 66A | €43 | - | -€43 | |
| Gross operating margin | 9900 | €70,763 | €83,987 | +€13,224 | +18.7% |
| Operating profit (loss) | 9901 | €16,561 | €34,682 | +€18,122 | +109% |
| Financial income | 75/76B | €0 | €455 | +€455 | +4,545,400% |
| Recurring financial income | 75 | €0 | €455 | +€455 | +4,545,400% |
| Financial charges | 65/66B | €769 | €1,536 | +€767 | +99.7% |
| Recurring financial charges | 65 | €769 | €1,536 | +€767 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €15,792 | €33,601 | +€17,809 | +113% |
| Income taxes | 67/77 | €6,117 | €10,386 | +€4,269 | +69.8% |
| Profit (loss) for the period | 9904 | €9,674 | €23,214 | +€13,540 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €9,674 | €23,214 | +€13,540 | +140% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.