PNEUMO-FG: 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.
PNEUMO-FG
Largest movements
- Cash +€274,265
up €274,265 (+1,020%), from €26,895 to €301,160
mainly Other debts (+€199,437) and Current investments (+€75,001)
- Current investments -€75,001
down €75,001 (-58.9%), from €127,282 to €52,282
- Deferred charges and accrued income -€69,484
down €69,484 (-27.1%), from €256,076 to €186,592
- Receivables within one year +€16,385
new in 2025: €16,385
- Other debts +€199,437
up €199,437 (+602%), from €33,106 to €232,542
- Reserves -€54,500
down €54,500 (-25.7%), from €212,360 to €157,860
- Financial charges +€57,295
up €57,295 (+52.9%), from €108,257 to €165,553
- Financial income -€23,823
down €23,823 (-90.2%), from €26,412 to €2,589
- Taxes -€21,709
down €21,709 (-82.0%), from €26,469 to €4,761
- Gross operating margin +€6,086
up €6,086 (+2.8%), from €217,178 to €223,264
- Depreciation -€4,857
down €4,857 (-16.8%), from €28,995 to €24,138
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 | €471,791 | €612,889 | +€141,098 | +29.9% |
| Fixed assets | 21/28 | €61,538 | €56,470 | -€5,068 | -8.2% |
| Tangible fixed assets | 22/27 | €61,538 | €56,470 | -€5,068 | -8.2% |
| Land and buildings | 22 | €36,836 | €30,083 | -€6,752 | -18.3% |
| Plant, machinery and equipment | 23 | €2,087 | €6,465 | +€4,378 | +210% |
| Furniture and vehicles | 24 | €15,509 | €14,486 | -€1,024 | -6.6% |
| Other tangible fixed assets | 26 | €7,106 | €5,436 | -€1,670 | -23.5% |
| Current assets | 29/58 | €410,253 | €556,419 | +€146,166 | +35.6% |
| Amounts receivable within one year | 40/41 | - | €16,385 | +€16,385 | |
| Other amounts receivable | 41 | - | €16,385 | +€16,385 | |
| Current investments | 50/53 | €127,282 | €52,282 | -€75,001 | -58.9% |
| Cash at bank and in hand | 54/58 | €26,895 | €301,160 | +€274,265 | +1,020% |
| Deferred charges and accrued income | 490/1 | €256,076 | €186,592 | -€69,484 | -27.1% |
| Total equity and liabilities | 10/49 | €471,791 | €612,889 | +€141,098 | +29.9% |
| Equity | 10/15 | €226,926 | €172,436 | -€54,491 | -24.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €212,360 | €157,860 | -€54,500 | -25.7% |
| Distributable reserves | 133 | €212,360 | €157,860 | -€54,500 | -25.7% |
| Profit (loss) carried forward | 14 | €2,166 | €2,176 | +€9 | +0.4% |
| Amounts payable | 17/49 | €244,865 | €440,453 | +€195,589 | +79.9% |
| Amounts payable after more than one year | 17 | €176,720 | €171,352 | -€5,368 | -3.0% |
| Financial debts | 170/4 | €176,720 | €171,352 | -€5,368 | -3.0% |
| Amounts payable within one year | 42/48 | €68,145 | €269,101 | +€200,956 | +295% |
| Current portion of amounts payable after more than one year | 42 | €6,766 | €5,368 | -€1,399 | -20.7% |
| Trade debts | 44 | €2,715 | €4,423 | +€1,708 | +62.9% |
| Suppliers | 440/4 | €2,715 | €4,423 | +€1,708 | +62.9% |
| Taxes, remuneration and social security | 45 | €25,557 | €26,768 | +€1,210 | +4.7% |
| Taxes | 450/3 | €23,262 | €24,070 | +€808 | +3.5% |
| Remuneration and social security | 454/9 | €2,295 | €2,698 | +€402 | +17.5% |
| Other amounts payable | 47/48 | €33,106 | €232,542 | +€199,437 | +602% |
| Non-recurring operating income | 76A | €342 | - | -€342 | |
| Remuneration, social security and pensions | 62 | €20,093 | €20,350 | +€257 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,995 | €24,138 | -€4,857 | -16.8% |
| Other operating charges | 640/8 | €3,117 | €7,542 | +€4,425 | +142% |
| Gross operating margin | 9900 | €217,178 | €223,264 | +€6,086 | +2.8% |
| Operating profit (loss) | 9901 | €164,972 | €171,234 | +€6,261 | +3.8% |
| Financial income | 75/76B | €26,412 | €2,589 | -€23,823 | -90.2% |
| Recurring financial income | 75 | €26,412 | €2,589 | -€23,823 | -90.2% |
| Financial charges | 65/66B | €108,257 | €165,553 | +€57,295 | +52.9% |
| Recurring financial charges | 65 | €108,257 | €165,553 | +€57,295 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | €83,126 | €8,270 | -€74,857 | -90.1% |
| Income taxes | 67/77 | €26,469 | €4,761 | -€21,709 | -82.0% |
| Profit (loss) for the period | 9904 | €56,657 | €3,509 | -€53,148 | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,657 | €3,509 | -€53,148 | -93.8% |
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 18 October 2026 via checked.be.