PNEUMOGEN: 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.
PNEUMOGEN
Largest movements
- Cash +€47,346
up €47,346 (+43.6%), from €108,705 to €156,051
mainly Net result for the year (+€45,411) and Provisions (+€35,600)
- Receivables within one year +€26,310
up €26,310 (+231.4%), from €11,368 to €37,678
of which Other amounts receivable: +€29,688
- Tangible fixed assets -€10,735
down €10,735 (-26.6%), from €40,420 to €29,685
of which Furniture and vehicles: -€10,226
- Provisions +€35,600
up €35,600 (+100.0%), from €35,600 to €71,200
- Reserves +€35,394
up €35,394 (+32.1%), from €110,113 to €145,507
of which Distributable reserves: +€45,411
- Debts after one year -€5,283
down €5,283 (-37.4%), from €14,122 to €8,839
- Gross operating margin -€8,665
down €8,665 (-6.7%), from €129,283 to €120,618
- Taxes +€3,205
up €3,205 (+12.8%), from €24,986 to €28,191
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 | €199,129 | €261,839 | +€62,710 | +31.5% |
| Fixed assets | 21/28 | €42,220 | €31,485 | -€10,735 | -25.4% |
| Tangible fixed assets | 22/27 | €40,420 | €29,685 | -€10,735 | -26.6% |
| Land and buildings | 22 | €3,301 | €2,923 | -€378 | -11.4% |
| Plant, machinery and equipment | 23 | €131 | - | -€131 | |
| Furniture and vehicles | 24 | €36,987 | €26,761 | -€10,226 | -27.6% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €156,909 | €230,355 | +€73,445 | +46.8% |
| Amounts receivable within one year | 40/41 | €11,368 | €37,678 | +€26,310 | +231.4% |
| Trade receivables | 40 | €3,378 | - | -€3,378 | |
| Other amounts receivable | 41 | €7,990 | €37,678 | +€29,688 | +371.6% |
| Cash at bank and in hand | 54/58 | €108,705 | €156,051 | +€47,346 | +43.6% |
| Deferred charges and accrued income | 490/1 | €36,837 | €36,626 | -€211 | -0.6% |
| Total equity and liabilities | 10/49 | €199,129 | €261,839 | +€62,710 | +31.5% |
| Equity | 10/15 | €112,004 | €146,507 | +€34,503 | +30.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €110,113 | €145,507 | +€35,394 | +32.1% |
| Non-distributable reserves | 130/1 | €10,017 | - | -€10,017 | |
| Other | 1319 | €10,017 | - | -€10,017 | |
| Distributable reserves | 133 | €100,096 | €145,507 | +€45,411 | +45.4% |
| Profit (loss) carried forward | 14 | €892 | - | -€892 | |
| Provisions and deferred taxes | 16 | €35,600 | €71,200 | +€35,600 | +100.0% |
| Provisions for liabilities and charges | 160/5 | €35,600 | €71,200 | +€35,600 | +100.0% |
| Other liabilities and charges | 164/5 | €35,600 | €71,200 | +€35,600 | +100.0% |
| Amounts payable | 17/49 | €51,525 | €44,132 | -€7,392 | -14.3% |
| Amounts payable after more than one year | 17 | €14,122 | €8,839 | -€5,283 | -37.4% |
| Financial debts | 170/4 | €14,122 | €8,839 | -€5,283 | -37.4% |
| Amounts payable within one year | 42/48 | €37,403 | €35,293 | -€2,109 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €18,144 | €18,364 | +€220 | +1.2% |
| Trade debts | 44 | €384 | €489 | +€105 | +27.3% |
| Suppliers | 440/4 | €384 | €489 | +€105 | +27.3% |
| Taxes, remuneration and social security | 45 | €18,874 | €16,440 | -€2,434 | -12.9% |
| Taxes | 450/3 | €18,874 | €16,440 | -€2,434 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,305 | €10,735 | -€571 | -5.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,600 | €35,600 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €129,283 | €120,618 | -€8,665 | -6.7% |
| Operating profit (loss) | 9901 | €81,993 | €73,895 | -€8,098 | -9.9% |
| Financial income | 75/76B | €363 | €1,131 | +€767 | +211.3% |
| Recurring financial income | 75 | €363 | €1,131 | +€767 | +211.3% |
| Financial charges | 65/66B | €1,655 | €1,424 | -€231 | -14.0% |
| Recurring financial charges | 65 | €1,655 | €1,424 | -€231 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €80,702 | €73,602 | -€7,099 | -8.8% |
| Income taxes | 67/77 | €24,986 | €28,191 | +€3,205 | +12.8% |
| Profit (loss) for the period | 9904 | €55,715 | €45,411 | -€10,304 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,715 | €45,411 | -€10,304 | -18.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.