Pilumnus: 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.
Pilumnus
Largest movements
- Cash +€133,323
up €133,323 (+170%), from €78,323 to €211,645
mainly Receivables within one year (+€109,135) and Net result for the year (+€104,753)
- Receivables within one year -€109,135
down €109,135 (-81.8%), from €133,340 to €24,206
of which Trade receivables: -€110,395
- Stocks and contracts +€6,424
new in 2025: €6,424
- Profit (loss) carried forward +€104,753
up €104,753 (+61.0%), from -€171,679 to -€66,927
- Trade debts -€67,033
down €67,033 (-67.7%), from €99,031 to €31,998
- Debts after one year -€32,000
down €32,000 (-68.0%), from €47,084 to €15,084
- Current portion of long-term debt +€14,858
up €14,858 (+86.7%), from €17,142 to €32,000
- Tax, wage and social debts +€10,034
up €10,034 (+2,504%), from €401 to €10,435
- Gross operating margin +€68,488
up €68,488 (+129%), from €53,078 to €121,566
- Other operating charges +€17,356
up €17,356 (+2,022%), from €858 to €18,214
- Financial income +€3,892
up €3,892 (+183%), from €2,128 to €6,020
- Write-downs +€3,562
new in 2025: €3,562
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 | €212,163 | €242,775 | +€30,612 | +14.4% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €211,663 | €242,275 | +€30,612 | +14.5% |
| Stocks and contracts in progress | 3 | - | €6,424 | +€6,424 | |
| Stocks | 30/36 | - | €6,424 | +€6,424 | |
| Amounts receivable within one year | 40/41 | €133,340 | €24,206 | -€109,135 | -81.8% |
| Trade receivables | 40 | €132,946 | €22,551 | -€110,395 | -83.0% |
| Other amounts receivable | 41 | €394 | €1,654 | +€1,260 | +319% |
| Cash at bank and in hand | 54/58 | €78,323 | €211,645 | +€133,323 | +170% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €212,163 | €242,775 | +€30,612 | +14.4% |
| Equity | 10/15 | €48,321 | €153,073 | +€104,753 | +217% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,679 | -€66,927 | +€104,753 | +61.0% |
| Amounts payable | 17/49 | €163,842 | €89,701 | -€74,141 | -45.3% |
| Amounts payable after more than one year | 17 | €47,084 | €15,084 | -€32,000 | -68.0% |
| Financial debts | 170/4 | €47,084 | €15,084 | -€32,000 | -68.0% |
| Amounts payable within one year | 42/48 | €116,758 | €74,617 | -€42,141 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €17,142 | €32,000 | +€14,858 | +86.7% |
| Trade debts | 44 | €99,031 | €31,998 | -€67,033 | -67.7% |
| Suppliers | 440/4 | €99,031 | €31,998 | -€67,033 | -67.7% |
| Taxes, remuneration and social security | 45 | €401 | €10,435 | +€10,034 | +2,504% |
| Taxes | 450/3 | €401 | €10,435 | +€10,034 | +2,504% |
| Other amounts payable | 47/48 | €184 | €184 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,562 | +€3,562 | |
| Other operating charges | 640/8 | €858 | €18,214 | +€17,356 | +2,022% |
| Non-recurring operating charges | 66A | €2,106 | €0 | -€2,106 | -100% |
| Gross operating margin | 9900 | €53,078 | €121,566 | +€68,488 | +129% |
| Operating profit (loss) | 9901 | €50,114 | €99,790 | +€49,676 | +99.1% |
| Financial income | 75/76B | €2,128 | €6,020 | +€3,892 | +183% |
| Recurring financial income | 75 | €2,128 | €6,020 | +€3,892 | +183% |
| Financial charges | 65/66B | €764 | €1,057 | +€293 | +38.4% |
| Recurring financial charges | 65 | €764 | €1,057 | +€293 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €51,477 | €104,753 | +€53,275 | +103% |
| Profit (loss) for the period | 9904 | €51,477 | €104,753 | +€53,275 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €51,477 | €104,753 | +€53,275 | +103% |
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 23 October 2026 via checked.be.