CENTRAL 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.
CENTRAL PNEUS
Largest movements
- Receivables within one year -€139,699
down €139,699 (-46.2%), from €302,627 to €162,928
of which Trade receivables: -€92,040
- Tangible fixed assets +€41,700
up €41,700 (+48.6%), from €85,881 to €127,581
of which Furniture and vehicles: +€46,786
- Stocks and contracts -€31,265
down €31,265 (-9.4%), from €332,802 to €301,537
- Cash +€14,346
up €14,346 (+22.8%), from €62,855 to €77,201
mainly Receivables within one year (+€139,699) and Net result for the year (+€103,842)
- Tax, wage and social debts -€131,524
down €131,524 (-64.0%), from €205,550 to €74,026
of which Taxes: -€129,109
- Other debts -€53,080
down €53,080 (-64.0%), from €83,000 to €29,920
- Reserves +€41,129
up €41,129 (+21.9%), from €187,966 to €229,095
of which Distributable reserves: +€45,095
- Trade debts +€37,548
up €37,548 (+48.6%), from €77,251 to €114,799
- Provisions -€9,920
no longer reported in 2025 (was €9,920)
- Gross operating margin -€101,920
down €101,920 (-20.7%), from €491,603 to €389,683
- Taxes -€31,407
down €31,407 (-39.9%), from €78,774 to €47,367
- Staff costs -€11,297
down €11,297 (-5.3%), from €214,976 to €203,680
- Provisions -€9,920
new in 2025: -€9,920
- Depreciation +€7,015
up €7,015 (+26.3%), from €26,670 to €33,685
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 | €790,852 | €675,004 | -€115,847 | -14.6% |
| Fixed assets | 21/28 | €90,437 | €132,137 | +€41,700 | +46.1% |
| Tangible fixed assets | 22/27 | €85,881 | €127,581 | +€41,700 | +48.6% |
| Plant, machinery and equipment | 23 | €19,784 | €14,699 | -€5,086 | -25.7% |
| Furniture and vehicles | 24 | €66,096 | €112,882 | +€46,786 | +70.8% |
| Financial fixed assets | 28 | €4,556 | €4,556 | = | 0.0% |
| Current assets | 29/58 | €700,415 | €542,868 | -€157,548 | -22.5% |
| Stocks and contracts in progress | 3 | €332,802 | €301,537 | -€31,265 | -9.4% |
| Stocks | 30/36 | €332,802 | €301,537 | -€31,265 | -9.4% |
| Amounts receivable within one year | 40/41 | €302,627 | €162,928 | -€139,699 | -46.2% |
| Trade receivables | 40 | €254,119 | €162,079 | -€92,040 | -36.2% |
| Other amounts receivable | 41 | €48,509 | €849 | -€47,659 | -98.2% |
| Cash at bank and in hand | 54/58 | €62,855 | €77,201 | +€14,346 | +22.8% |
| Deferred charges and accrued income | 490/1 | €2,130 | €1,201 | -€929 | -43.6% |
| Total equity and liabilities | 10/49 | €790,852 | €675,004 | -€115,847 | -14.6% |
| Equity | 10/15 | €415,131 | €456,259 | +€41,129 | +9.9% |
| Contributions | 10/11 | €39,663 | €39,663 | = | 0.0% |
| Reserves | 13 | €187,966 | €229,095 | +€41,129 | +21.9% |
| Non-distributable reserves | 130/1 | €3,966 | - | -€3,966 | |
| Reserves not available under the articles | 1311 | €3,966 | - | -€3,966 | |
| Distributable reserves | 133 | €184,000 | €229,095 | +€45,095 | +24.5% |
| Profit (loss) carried forward | 14 | €187,501 | €187,501 | = | 0.0% |
| Provisions and deferred taxes | 16 | €9,920 | - | -€9,920 | |
| Provisions for liabilities and charges | 160/5 | €9,920 | - | -€9,920 | |
| Major repairs and maintenance | 162 | €9,920 | - | -€9,920 | |
| Amounts payable | 17/49 | €365,801 | €218,745 | -€147,056 | -40.2% |
| Amounts payable within one year | 42/48 | €365,801 | €218,745 | -€147,056 | -40.2% |
| Trade debts | 44 | €77,251 | €114,799 | +€37,548 | +48.6% |
| Suppliers | 440/4 | €77,251 | €114,799 | +€37,548 | +48.6% |
| Taxes, remuneration and social security | 45 | €205,550 | €74,026 | -€131,524 | -64.0% |
| Taxes | 450/3 | €181,219 | €52,110 | -€129,109 | -71.2% |
| Remuneration and social security | 454/9 | €24,331 | €21,916 | -€2,415 | -9.9% |
| Other amounts payable | 47/48 | €83,000 | €29,920 | -€53,080 | -64.0% |
| Non-recurring operating income | 76A | €125 | - | -€125 | |
| Remuneration, social security and pensions | 62 | €214,976 | €203,680 | -€11,297 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,670 | €33,685 | +€7,015 | +26.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€9,920 | -€9,920 | |
| Other operating charges | 640/8 | €15,832 | €15,662 | -€170 | -1.1% |
| Non-recurring operating charges | 66A | €65 | €3,457 | +€3,392 | +5,211% |
| Gross operating margin | 9900 | €491,603 | €389,683 | -€101,920 | -20.7% |
| Operating profit (loss) | 9901 | €234,060 | €143,119 | -€90,941 | -38.9% |
| Financial income | 75/76B | €11,703 | €10,611 | -€1,093 | -9.3% |
| Recurring financial income | 75 | €11,034 | €9,942 | -€1,093 | -9.9% |
| Non-recurring financial income | 76B | €669 | €669 | = | 0.0% |
| Financial charges | 65/66B | €1,476 | €2,520 | +€1,045 | +70.8% |
| Recurring financial charges | 65 | €1,476 | €2,520 | +€1,045 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €244,287 | €151,210 | -€93,078 | -38.1% |
| Income taxes | 67/77 | €78,774 | €47,367 | -€31,407 | -39.9% |
| Profit (loss) for the period | 9904 | €165,514 | €103,842 | -€61,671 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €165,514 | €103,842 | -€61,671 | -37.3% |
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 22 October 2026 via checked.be.