ARDENNES PNEUS: 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.
ARDENNES PNEUS
Largest movements
- Cash +€9,021
up €9,021 (+3.7%), from €245,673 to €254,695
mainly Net result for the year (+€12,356) and Stocks and contracts (+€3,323)
- Stocks and contracts -€3,323
down €3,323 (-15.1%), from €21,954 to €18,631
- Tangible fixed assets -€2,929
down €2,929 (-65.1%), from €4,500 to €1,571
of which Plant, machinery and equipment: -€2,742
- Profit (loss) carried forward +€12,356
up €12,356 (+95.3%), from €12,968 to €25,324
- Tax, wage and social debts -€4,725
down €4,725 (-21.8%), from €21,627 to €16,903
of which Remuneration and social security: -€2,975
- Trade debts -€4,135
down €4,135 (-85.4%), from €4,842 to €707
- Gross operating margin -€11,590
down €11,590 (-16.8%), from €69,097 to €57,507
- Taxes -€6,828
down €6,828 (-68.9%), from €9,917 to €3,089
- Other operating charges +€3,138
up €3,138 (+416%), from €754 to €3,892
- Staff costs -€2,601
down €2,601 (-6.9%), from €37,923 to €35,322
- Depreciation -€1,253
down €1,253 (-30.0%), from €4,182 to €2,929
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 | €287,914 | €292,134 | +€4,220 | +1.5% |
| Fixed assets | 21/28 | €4,500 | €1,571 | -€2,929 | -65.1% |
| Tangible fixed assets | 22/27 | €4,500 | €1,571 | -€2,929 | -65.1% |
| Plant, machinery and equipment | 23 | €4,103 | €1,361 | -€2,742 | -66.8% |
| Furniture and vehicles | 24 | €397 | €209 | -€187 | -47.2% |
| Current assets | 29/58 | €283,414 | €290,564 | +€7,150 | +2.5% |
| Stocks and contracts in progress | 3 | €21,954 | €18,631 | -€3,323 | -15.1% |
| Stocks | 30/36 | €21,954 | €18,631 | -€3,323 | -15.1% |
| Amounts receivable within one year | 40/41 | €13,821 | €15,634 | +€1,813 | +13.1% |
| Trade receivables | 40 | €8,424 | €1,260 | -€7,164 | -85.0% |
| Other amounts receivable | 41 | €5,397 | €14,374 | +€8,977 | +166% |
| Cash at bank and in hand | 54/58 | €245,673 | €254,695 | +€9,021 | +3.7% |
| Deferred charges and accrued income | 490/1 | €1,966 | €1,604 | -€362 | -18.4% |
| Total equity and liabilities | 10/49 | €287,914 | €292,134 | +€4,220 | +1.5% |
| Equity | 10/15 | €257,550 | €269,906 | +€12,356 | +4.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €219,582 | €219,582 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,396 | €26,396 | = | 0.0% |
| Distributable reserves | 133 | €190,687 | €190,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,968 | €25,324 | +€12,356 | +95.3% |
| Provisions and deferred taxes | 16 | €3,894 | €3,894 | = | 0.0% |
| Deferred taxes | 168 | €3,894 | €3,894 | = | 0.0% |
| Amounts payable | 17/49 | €26,470 | €18,334 | -€8,136 | -30.7% |
| Amounts payable within one year | 42/48 | €26,470 | €17,610 | -€8,860 | -33.5% |
| Trade debts | 44 | €4,842 | €707 | -€4,135 | -85.4% |
| Suppliers | 440/4 | €4,842 | €707 | -€4,135 | -85.4% |
| Taxes, remuneration and social security | 45 | €21,627 | €16,903 | -€4,725 | -21.8% |
| Taxes | 450/3 | €9,468 | €7,718 | -€1,750 | -18.5% |
| Remuneration and social security | 454/9 | €12,159 | €9,184 | -€2,975 | -24.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €724 | +€724 | |
| Non-recurring operating income | 76A | €14 | - | -€14 | |
| Remuneration, social security and pensions | 62 | €37,923 | €35,322 | -€2,601 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,182 | €2,929 | -€1,253 | -30.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€813 | -€813 | |
| Other operating charges | 640/8 | €754 | €3,892 | +€3,138 | +416% |
| Non-recurring operating charges | 66A | €0 | €831 | +€831 | +8,309,600% |
| Gross operating margin | 9900 | €69,097 | €57,507 | -€11,590 | -16.8% |
| Operating profit (loss) | 9901 | €26,238 | €15,346 | -€10,892 | -41.5% |
| Financial income | 75/76B | €314 | €155 | -€159 | -50.7% |
| Recurring financial income | 75 | €314 | €155 | -€159 | -50.7% |
| Financial charges | 65/66B | €82 | €56 | -€27 | -32.4% |
| Recurring financial charges | 65 | €82 | €56 | -€27 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €26,470 | €15,445 | -€11,025 | -41.6% |
| Transfer from deferred taxes | 780 | €907 | - | -€907 | |
| Income taxes | 67/77 | €9,917 | €3,089 | -€6,828 | -68.9% |
| Profit (loss) for the period | 9904 | €17,459 | €12,356 | -€5,103 | -29.2% |
| Transfer from tax-exempt reserves | 789 | €2,721 | - | -€2,721 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,180 | €12,356 | -€7,824 | -38.8% |
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 27 October 2026 via checked.be.