PULMOS: 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.
PULMOS
Largest movements
- Cash +€6,583
up €6,583 (+15.2%), from €43,297 to €49,880
mainly Net result for the year (+€4,388) and Deferred charges and accrued income (+€4,125)
- Deferred charges and accrued income -€4,125
down €4,125 (-25.5%), from €16,192 to €12,067
- Tangible fixed assets +€2,004
up €2,004 (+8.4%), from €23,866 to €25,870
of which Furniture and vehicles: +€2,702
- Reserves +€64,292
up €64,292 (+3456.6%), from €1,860 to €66,152
of which Distributable reserves: +€64,292
- Profit (loss) carried forward -€59,905
no longer reported in 2025 (was €59,905)
- Gross operating margin -€7,940
down €7,940 (-31.0%), from €25,576 to €17,636
- Taxes +€648
up €648 (+22.1%), from €2,932 to €3,580
- Other operating charges +€563
up €563 (+11.0%), from €5,111 to €5,673
- Depreciation +€371
up €371 (+18.1%), from €2,056 to €2,427
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 | €91,655 | €95,826 | +€4,171 | +4.6% |
| Fixed assets | 21/28 | €27,166 | €29,170 | +€2,004 | +7.4% |
| Tangible fixed assets | 22/27 | €23,866 | €25,870 | +€2,004 | +8.4% |
| Land and buildings | 22 | €4,189 | €3,491 | -€699 | -16.7% |
| Furniture and vehicles | 24 | €1,887 | €4,589 | +€2,702 | +143.2% |
| Other tangible fixed assets | 26 | €17,790 | €17,790 | = | 0.0% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €64,489 | €66,656 | +€2,167 | +3.4% |
| Amounts receivable within one year | 40/41 | €5,000 | €4,709 | -€291 | -5.8% |
| Trade receivables | 40 | €5,000 | €4,709 | -€291 | -5.8% |
| Cash at bank and in hand | 54/58 | €43,297 | €49,880 | +€6,583 | +15.2% |
| Deferred charges and accrued income | 490/1 | €16,192 | €12,067 | -€4,125 | -25.5% |
| Total equity and liabilities | 10/49 | €91,655 | €95,826 | +€4,171 | +4.6% |
| Equity | 10/15 | €74,165 | €78,552 | +€4,388 | +5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €66,152 | +€64,292 | +3456.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €64,292 | +€64,292 | |
| Profit (loss) carried forward | 14 | €59,905 | - | -€59,905 | |
| Amounts payable | 17/49 | €17,490 | €17,274 | -€217 | -1.2% |
| Amounts payable within one year | 42/48 | €17,443 | €17,224 | -€218 | -1.3% |
| Trade debts | 44 | €105 | €230 | +€125 | +118.5% |
| Suppliers | 440/4 | €105 | €230 | +€125 | +118.5% |
| Taxes, remuneration and social security | 45 | €5,602 | €5,469 | -€133 | -2.4% |
| Taxes | 450/3 | €5,602 | €5,469 | -€133 | -2.4% |
| Other amounts payable | 47/48 | €11,735 | €11,525 | -€210 | -1.8% |
| Accrued charges and deferred income | 492/3 | €48 | €49 | +€1 | +3.1% |
| Non-recurring operating income | 76A | €9,187 | - | -€9,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,056 | €2,427 | +€371 | +18.1% |
| Other operating charges | 640/8 | €5,111 | €5,673 | +€563 | +11.0% |
| Gross operating margin | 9900 | €25,576 | €17,636 | -€7,940 | -31.0% |
| Operating profit (loss) | 9901 | €18,409 | €9,535 | -€8,874 | -48.2% |
| Financial charges | 65/66B | €1,562 | €1,568 | +€6 | +0.4% |
| Recurring financial charges | 65 | €1,562 | €1,568 | +€6 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €16,847 | €7,967 | -€8,880 | -52.7% |
| Income taxes | 67/77 | €2,932 | €3,580 | +€648 | +22.1% |
| Profit (loss) for the period | 9904 | €13,915 | €4,388 | -€9,527 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,915 | €4,388 | -€9,527 | -68.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.