GOLD PNEU: what changed
Two financial 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.
GOLD PNEU
Largest movements
- Stocks and contracts +€8,500
new in 2025: €8,500
- Cash -€2,174
down €2,174 (-42.3%), from €5,144 to €2,971
mainly Stocks and contracts (-€8,500) and Receivables within one year (-€1,407)
- Receivables within one year +€1,407
up €1,407 (+287%), from €490 to €1,896
- Formation expenses -€397
no longer reported in 2025 (was €397)
- Tax, wage and social debts +€3,190
up €3,190 (+113%), from €2,824 to €6,015
- Profit (loss) carried forward +€2,682
up €2,682 (+154%), from €1,741 to €4,422
- Trade debts +€1,565
up €1,565 (+260%), from €602 to €2,167
- Gross operating margin +€2,922
up €2,922 (+115%), from €2,534 to €5,456
- Other operating charges +€2,326
new in 2025: €2,326
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.
Derived cash bridge
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 | €6,031 | €13,367 | +€7,336 | +122% |
| Formation expenses | 20 | €397 | - | -€397 | |
| Current assets | 29/58 | €5,634 | €13,367 | +€7,733 | +137% |
| Stocks and contracts in progress | 3 | - | €8,500 | +€8,500 | |
| Stocks | 30/36 | - | €8,500 | +€8,500 | |
| Amounts receivable within one year | 40/41 | €490 | €1,896 | +€1,407 | +287% |
| Trade receivables | 40 | €490 | €1,896 | +€1,407 | +287% |
| Cash at bank and in hand | 54/58 | €5,144 | €2,971 | -€2,174 | -42.3% |
| Total equity and liabilities | 10/49 | €6,031 | €13,367 | +€7,336 | +122% |
| Equity | 10/15 | €1,741 | €4,422 | +€2,682 | +154% |
| Profit (loss) carried forward | 14 | €1,741 | €4,422 | +€2,682 | +154% |
| Amounts payable | 17/49 | €4,290 | €8,945 | +€4,655 | +109% |
| Amounts payable within one year | 42/48 | €4,290 | €8,945 | +€4,655 | +109% |
| Trade debts | 44 | €602 | €2,167 | +€1,565 | +260% |
| Suppliers | 440/4 | €602 | €2,167 | +€1,565 | +260% |
| Taxes, remuneration and social security | 45 | €2,824 | €6,015 | +€3,190 | +113% |
| Taxes | 450/3 | €2,824 | €6,015 | +€3,190 | +113% |
| Other amounts payable | 47/48 | €863 | €763 | -€100 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €397 | €397 | -€0 | 0.0% |
| Other operating charges | 640/8 | - | €2,326 | +€2,326 | |
| Gross operating margin | 9900 | €2,534 | €5,456 | +€2,922 | +115% |
| Operating profit (loss) | 9901 | €2,137 | €2,733 | +€595 | +27.9% |
| Financial charges | 65/66B | - | €51 | +€51 | |
| Recurring financial charges | 65 | - | €51 | +€51 | |
| Profit (loss) for the period before taxes | 9903 | €2,137 | €2,682 | +€544 | +25.5% |
| Profit (loss) for the period | 9904 | €2,137 | €2,682 | +€544 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,137 | €2,682 | +€544 | +25.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.