Puc Polish: 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.
Puc Polish
Largest movements
- Tangible fixed assets -€23,852
down €23,852 (-10.1%), from €236,789 to €212,937
of which Plant, machinery and equipment: -€14,409
- Deferred charges and accrued income +€9,750
new in 2025: €9,750
- Debts after one year -€13,393
down €13,393 (-12.4%), from €107,877 to €94,484
- Current portion of long-term debt -€4,954
down €4,954 (-27.0%), from €18,347 to €13,393
- Profit (loss) carried forward +€4,362
up €4,362 (+4.9%), from €88,868 to €93,231
- Gross operating margin -€8,859
down €8,859 (-10.7%), from €82,989 to €74,131
- Taxes -€3,011
down €3,011 (-67.8%), from €4,442 to €1,431
- Financial charges +€1,122
up €1,122 (+78.2%), from €1,435 to €2,557
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 | €420,424 | €401,893 | -€18,531 | -4.4% |
| Fixed assets | 21/28 | €236,789 | €212,937 | -€23,852 | -10.1% |
| Tangible fixed assets | 22/27 | €236,789 | €212,937 | -€23,852 | -10.1% |
| Land and buildings | 22 | €170,821 | €161,909 | -€8,912 | -5.2% |
| Plant, machinery and equipment | 23 | €64,884 | €50,475 | -€14,409 | -22.2% |
| Furniture and vehicles | 24 | €1,084 | €553 | -€531 | -49.0% |
| Current assets | 29/58 | €183,635 | €188,956 | +€5,321 | +2.9% |
| Amounts receivable within one year | 40/41 | €47,200 | €46,287 | -€913 | -1.9% |
| Trade receivables | 40 | €47,200 | €44,718 | -€2,482 | -5.3% |
| Other amounts receivable | 41 | - | €1,569 | +€1,569 | |
| Cash at bank and in hand | 54/58 | €136,435 | €132,919 | -€3,516 | -2.6% |
| Deferred charges and accrued income | 490/1 | - | €9,750 | +€9,750 | |
| Total equity and liabilities | 10/49 | €420,424 | €401,893 | -€18,531 | -4.4% |
| Equity | 10/15 | €175,988 | €180,350 | +€4,362 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,920 | €80,920 | = | 0.0% |
| Distributable reserves | 133 | €80,920 | €80,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,868 | €93,231 | +€4,362 | +4.9% |
| Amounts payable | 17/49 | €244,436 | €221,543 | -€22,893 | -9.4% |
| Amounts payable after more than one year | 17 | €107,877 | €94,484 | -€13,393 | -12.4% |
| Financial debts | 170/4 | €107,877 | €94,484 | -€13,393 | -12.4% |
| Amounts payable within one year | 42/48 | €136,123 | €127,059 | -€9,064 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €18,347 | €13,393 | -€4,954 | -27.0% |
| Financial debts | 43 | - | €684 | +€684 | |
| Credit institutions | 430/8 | - | €684 | +€684 | |
| Trade debts | 44 | €4,318 | €3,024 | -€1,293 | -30.0% |
| Suppliers | 440/4 | €4,318 | €3,024 | -€1,293 | -30.0% |
| Taxes, remuneration and social security | 45 | €5,208 | €3,435 | -€1,773 | -34.0% |
| Taxes | 450/3 | €2,065 | €3,435 | +€1,370 | +66.3% |
| Remuneration and social security | 454/9 | €3,143 | - | -€3,143 | |
| Other amounts payable | 47/48 | €108,251 | €106,522 | -€1,728 | -1.6% |
| Accrued charges and deferred income | 492/3 | €436 | - | -€436 | |
| Remuneration, social security and pensions | 62 | €34,200 | €33,711 | -€489 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,845 | €29,852 | +€7 | 0.0% |
| Other operating charges | 640/8 | €1,850 | €2,218 | +€368 | +19.9% |
| Gross operating margin | 9900 | €82,989 | €74,131 | -€8,859 | -10.7% |
| Operating profit (loss) | 9901 | €17,095 | €8,350 | -€8,745 | -51.2% |
| Financial charges | 65/66B | €1,435 | €2,557 | +€1,122 | +78.2% |
| Recurring financial charges | 65 | €1,435 | €2,557 | +€1,122 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €15,660 | €5,793 | -€9,867 | -63.0% |
| Income taxes | 67/77 | €4,442 | €1,431 | -€3,011 | -67.8% |
| Profit (loss) for the period | 9904 | €11,218 | €4,362 | -€6,856 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,218 | €4,362 | -€6,856 | -61.1% |
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 30 September 2026 via checked.be.