PUMPKES: 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.
PUMPKES
Largest movements
- Receivables within one year -€6,036
down €6,036 (-34.4%), from €17,528 to €11,492
of which Trade receivables: -€9,873
- Cash -€2,021
down €2,021 (-54.5%), from €3,710 to €1,689
mainly Debts after one year (-€7,305) and Net result for the year (-€3,083)
- Intangible fixed assets -€1,500
down €1,500 (-11.3%), from €13,303 to €11,803
- Tangible fixed assets -€743
down €743 (-92.7%), from €802 to €59
- Debts after one year -€7,305
down €7,305 (-43.9%), from €16,638 to €9,333
- Accrued charges and deferred income +€3,946
new in 2025: €3,946
- Profit (loss) carried forward -€3,083
down €3,083 (-12.9%), from -€23,900 to -€26,983
- Current portion of long-term debt -€2,186
down €2,186 (-22.2%), from €9,824 to €7,638
- Tax, wage and social debts -€1,217
down €1,217 (-83.6%), from €1,455 to €239
of which Taxes: -€1,370
- Staff costs -€3,687
down €3,687 (-65.2%), from €5,652 to €1,965
- Other operating charges -€3,097
down €3,097 (-83.9%), from €3,691 to €594
- Gross operating margin -€2,165
down €2,165 (-49.0%), from €4,416 to €2,251
- Financial charges -€345
down €345 (-38.6%), from €895 to €549
- Depreciation +€59
up €59 (+2.7%), from €2,184 to €2,243
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 | €44,994 | €35,072 | -€9,922 | -22.1% |
| Fixed assets | 21/28 | €20,635 | €18,392 | -€2,243 | -10.9% |
| Intangible fixed assets | 21 | €13,303 | €11,803 | -€1,500 | -11.3% |
| Tangible fixed assets | 22/27 | €802 | €59 | -€743 | -92.7% |
| Plant, machinery and equipment | 23 | €802 | €59 | -€743 | -92.7% |
| Financial fixed assets | 28 | €6,530 | €6,530 | = | 0.0% |
| Current assets | 29/58 | €24,359 | €16,681 | -€7,679 | -31.5% |
| Stocks and contracts in progress | 3 | €3,121 | €3,499 | +€378 | +12.1% |
| Stocks | 30/36 | €3,121 | €3,499 | +€378 | +12.1% |
| Amounts receivable within one year | 40/41 | €17,528 | €11,492 | -€6,036 | -34.4% |
| Trade receivables | 40 | €17,528 | €7,655 | -€9,873 | -56.3% |
| Other amounts receivable | 41 | - | €3,837 | +€3,837 | |
| Cash at bank and in hand | 54/58 | €3,710 | €1,689 | -€2,021 | -54.5% |
| Total equity and liabilities | 10/49 | €44,994 | €35,072 | -€9,922 | -22.1% |
| Equity | 10/15 | -€17,700 | -€20,783 | -€3,083 | -17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,900 | -€26,983 | -€3,083 | -12.9% |
| Amounts payable | 17/49 | €62,694 | €55,855 | -€6,839 | -10.9% |
| Amounts payable after more than one year | 17 | €16,638 | €9,333 | -€7,305 | -43.9% |
| Financial debts | 170/4 | €16,638 | €9,333 | -€7,305 | -43.9% |
| Amounts payable within one year | 42/48 | €46,056 | €42,575 | -€3,480 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €9,824 | €7,638 | -€2,186 | -22.2% |
| Trade debts | 44 | €20,860 | €21,335 | +€475 | +2.3% |
| Suppliers | 440/4 | €20,860 | €21,335 | +€475 | +2.3% |
| Taxes, remuneration and social security | 45 | €1,455 | €239 | -€1,217 | -83.6% |
| Taxes | 450/3 | €1,370 | - | -€1,370 | |
| Remuneration and social security | 454/9 | €85 | €239 | +€153 | +179.5% |
| Other amounts payable | 47/48 | €13,916 | €13,363 | -€553 | -4.0% |
| Accrued charges and deferred income | 492/3 | - | €3,946 | +€3,946 | |
| Non-recurring operating income | 76A | €201 | €135 | -€65 | -32.5% |
| Remuneration, social security and pensions | 62 | €5,652 | €1,965 | -€3,687 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,184 | €2,243 | +€59 | +2.7% |
| Other operating charges | 640/8 | €3,691 | €594 | -€3,097 | -83.9% |
| Gross operating margin | 9900 | €4,416 | €2,251 | -€2,165 | -49.0% |
| Operating profit (loss) | 9901 | -€7,111 | -€2,551 | +€4,560 | +64.1% |
| Financial income | 75/76B | €6 | €18 | +€11 | +178.7% |
| Recurring financial income | 75 | €6 | €18 | +€11 | +178.7% |
| Financial charges | 65/66B | €895 | €549 | -€345 | -38.6% |
| Recurring financial charges | 65 | €895 | €549 | -€345 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,000 | -€3,083 | +€4,917 | +61.5% |
| Profit (loss) for the period | 9904 | -€8,000 | -€3,083 | +€4,917 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,000 | -€3,083 | +€4,917 | +61.5% |
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 11 October 2026 via checked.be.