Pulmenti: 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.
Pulmenti
Largest movements
- Tangible fixed assets +€343,036
up €343,036 (+171%), from €200,136 to €543,172
of which Land and buildings: +€334,930
- Receivables within one year -€18,907
down €18,907 (-40.6%), from €46,627 to €27,719
of which Trade receivables: -€13,651
- Cash +€12,227
up €12,227 (+150%), from €8,161 to €20,388
mainly Debts after one year (+€222,453) and Other debts (+€93,062)
- Debts after one year +€222,453
new in 2024: €222,453
- Other debts +€93,062
up €93,062 (+313%), from €29,724 to €122,787
- Trade debts +€35,577
up €35,577 (+71.4%), from €49,802 to €85,380
- Short-term financial debts -€12,000
down €12,000 (-8.2%), from €147,000 to €135,000
- Profit (loss) carried forward -€9,549
down €9,549 (-38.2%), from -€25,022 to -€34,571
- Gross operating margin +€62,256
up €62,256, from -€9,299 to €52,957
- Staff costs +€22,464
up €22,464 (+334%), from €6,721 to €29,185
- Depreciation +€15,871
up €15,871 (+298%), from €5,330 to €21,201
- Financial charges +€6,019
up €6,019 (+585%), from €1,028 to €7,047
- Other operating charges +€1,610
up €1,610 (+52.1%), from €3,091 to €4,700
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €267,698 | €602,096 | +€334,398 | +125% |
| Fixed assets | 21/28 | €204,134 | €546,370 | +€342,236 | +168% |
| Intangible fixed assets | 21 | €3,998 | €3,198 | -€800 | -20.0% |
| Tangible fixed assets | 22/27 | €200,136 | €543,172 | +€343,036 | +171% |
| Land and buildings | 22 | €185,867 | €520,797 | +€334,930 | +180% |
| Plant, machinery and equipment | 23 | €7,140 | €16,727 | +€9,587 | +134% |
| Furniture and vehicles | 24 | €7,129 | €5,648 | -€1,481 | -20.8% |
| Current assets | 29/58 | €63,564 | €55,726 | -€7,838 | -12.3% |
| Stocks and contracts in progress | 3 | €5,000 | €4,484 | -€516 | -10.3% |
| Stocks | 30/36 | €5,000 | €4,484 | -€516 | -10.3% |
| Amounts receivable within one year | 40/41 | €46,627 | €27,719 | -€18,907 | -40.6% |
| Trade receivables | 40 | €39,124 | €25,474 | -€13,651 | -34.9% |
| Other amounts receivable | 41 | €7,502 | €2,246 | -€5,256 | -70.1% |
| Cash at bank and in hand | 54/58 | €8,161 | €20,388 | +€12,227 | +150% |
| Deferred charges and accrued income | 490/1 | €3,776 | €3,134 | -€642 | -17.0% |
| Total equity and liabilities | 10/49 | €267,698 | €602,096 | +€334,398 | +125% |
| Equity | 10/15 | €36,478 | €26,929 | -€9,549 | -26.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,022 | -€34,571 | -€9,549 | -38.2% |
| Amounts payable | 17/49 | €231,219 | €575,167 | +€343,947 | +149% |
| Amounts payable after more than one year | 17 | - | €222,453 | +€222,453 | |
| Financial debts | 170/4 | - | €222,453 | +€222,453 | |
| Amounts payable within one year | 42/48 | €231,219 | €352,714 | +€121,494 | +52.5% |
| Financial debts | 43 | €147,000 | €135,000 | -€12,000 | -8.2% |
| Other loans | 439 | €147,000 | €135,000 | -€12,000 | -8.2% |
| Trade debts | 44 | €49,802 | €85,380 | +€35,577 | +71.4% |
| Suppliers | 440/4 | €49,802 | €85,380 | +€35,577 | +71.4% |
| Taxes, remuneration and social security | 45 | €4,693 | €9,547 | +€4,855 | +103% |
| Taxes | 450/3 | €94 | €4,209 | +€4,115 | +4,364% |
| Remuneration and social security | 454/9 | €4,598 | €5,338 | +€740 | +16.1% |
| Other amounts payable | 47/48 | €29,724 | €122,787 | +€93,062 | +313% |
| Remuneration, social security and pensions | 62 | €6,721 | €29,185 | +€22,464 | +334% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,330 | €21,201 | +€15,871 | +298% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €410 | +€410 | |
| Other operating charges | 640/8 | €3,091 | €4,700 | +€1,610 | +52.1% |
| Gross operating margin | 9900 | -€9,299 | €52,957 | +€62,256 | |
| Operating profit (loss) | 9901 | -€24,440 | -€2,539 | +€21,901 | +89.6% |
| Financial income | 75/76B | €447 | €37 | -€410 | -91.8% |
| Recurring financial income | 75 | €447 | €37 | -€410 | -91.8% |
| Financial charges | 65/66B | €1,028 | €7,047 | +€6,019 | +585% |
| Recurring financial charges | 65 | €1,028 | €7,047 | +€6,019 | +585% |
| Profit (loss) for the period before taxes | 9903 | -€25,022 | -€9,549 | +€15,472 | +61.8% |
| Profit (loss) for the period | 9904 | -€25,022 | -€9,549 | +€15,472 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,022 | -€9,549 | +€15,472 | +61.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.