FLASH 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.
FLASH PNEUS
Largest movements
- Tangible fixed assets +€29,659
up €29,659 (+221%), from €13,422 to €43,081
of which Furniture and vehicles: +€30,338
- Cash +€20,620
up €20,620 (+64.5%), from €31,946 to €52,567
mainly Debts after one year (+€26,963) and Stocks and contracts (+€18,154)
- Stocks and contracts -€18,154
down €18,154 (-19.7%), from €92,251 to €74,097
- Receivables within one year -€5,976
down €5,976 (-27.5%), from €21,741 to €15,765
of which Trade receivables: -€13,434
- Deferred charges and accrued income -€3,213
down €3,213 (-87.7%), from €3,665 to €452
- Debts after one year +€26,963
new in 2025: €26,963
- Profit (loss) carried forward +€13,214
no longer reported in 2025 (was -€13,214)
- Tax, wage and social debts -€11,524
down €11,524 (-33.3%), from €34,639 to €23,115
of which Taxes: -€10,859
- Other debts -€7,367
down €7,367 (-12.0%), from €61,526 to €54,158
- Trade debts -€5,342
down €5,342 (-25.2%), from €21,211 to €15,869
- Other operating charges -€13,450
down €13,450 (-95.0%), from €14,159 to €709
- Staff costs +€7,996
up €7,996 (+23.7%), from €33,685 to €41,681
- Gross operating margin -€5,312
down €5,312 (-5.7%), from €92,486 to €87,174
- Taxes +€3,072
up €3,072 (+23.5%), from €13,090 to €16,161
- Financial charges +€1,906
up €1,906 (+84.7%), from €2,251 to €4,157
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 | €163,025 | €185,962 | +€22,937 | +14.1% |
| Fixed assets | 21/28 | €13,422 | €43,081 | +€29,659 | +221% |
| Tangible fixed assets | 22/27 | €13,422 | €43,081 | +€29,659 | +221% |
| Plant, machinery and equipment | 23 | €13,422 | €12,743 | -€679 | -5.1% |
| Furniture and vehicles | 24 | - | €30,338 | +€30,338 | |
| Current assets | 29/58 | €149,603 | €142,881 | -€6,722 | -4.5% |
| Stocks and contracts in progress | 3 | €92,251 | €74,097 | -€18,154 | -19.7% |
| Stocks | 30/36 | €92,251 | €74,097 | -€18,154 | -19.7% |
| Amounts receivable within one year | 40/41 | €21,741 | €15,765 | -€5,976 | -27.5% |
| Trade receivables | 40 | €21,002 | €7,569 | -€13,434 | -64.0% |
| Other amounts receivable | 41 | €739 | €8,196 | +€7,458 | +1,010% |
| Cash at bank and in hand | 54/58 | €31,946 | €52,567 | +€20,620 | +64.5% |
| Deferred charges and accrued income | 490/1 | €3,665 | €452 | -€3,213 | -87.7% |
| Total equity and liabilities | 10/49 | €163,025 | €185,962 | +€22,937 | +14.1% |
| Equity | 10/15 | €45,186 | €60,764 | +€15,578 | +34.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,400 | €40,764 | +€2,364 | +6.2% |
| Tax-exempt reserves | 132 | €38,400 | €38,400 | = | 0.0% |
| Distributable reserves | 133 | - | €2,364 | +€2,364 | |
| Profit (loss) carried forward | 14 | -€13,214 | - | +€13,214 | |
| Amounts payable | 17/49 | €117,839 | €125,198 | +€7,359 | +6.2% |
| Amounts payable after more than one year | 17 | - | €26,963 | +€26,963 | |
| Financial debts | 170/4 | - | €26,963 | +€26,963 | |
| Amounts payable within one year | 42/48 | €117,839 | €98,235 | -€19,605 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,092 | +€5,092 | |
| Financial debts | 43 | €463 | - | -€463 | |
| Credit institutions | 430/8 | €463 | - | -€463 | |
| Trade debts | 44 | €21,211 | €15,869 | -€5,342 | -25.2% |
| Suppliers | 440/4 | €21,211 | €15,869 | -€5,342 | -25.2% |
| Taxes, remuneration and social security | 45 | €34,639 | €23,115 | -€11,524 | -33.3% |
| Taxes | 450/3 | €27,656 | €16,798 | -€10,859 | -39.3% |
| Remuneration and social security | 454/9 | €6,983 | €6,317 | -€665 | -9.5% |
| Other amounts payable | 47/48 | €61,526 | €54,158 | -€7,367 | -12.0% |
| Remuneration, social security and pensions | 62 | €33,685 | €41,681 | +€7,996 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,580 | €8,755 | -€1,825 | -17.3% |
| Other operating charges | 640/8 | €14,159 | €709 | -€13,450 | -95.0% |
| Non-recurring operating charges | 66A | €4,000 | €150 | -€3,850 | -96.3% |
| Gross operating margin | 9900 | €92,486 | €87,174 | -€5,312 | -5.7% |
| Operating profit (loss) | 9901 | €30,062 | €35,879 | +€5,817 | +19.4% |
| Financial income | 75/76B | €31 | €17 | -€14 | -44.2% |
| Recurring financial income | 75 | €31 | €17 | -€14 | -44.2% |
| Financial charges | 65/66B | €2,251 | €4,157 | +€1,906 | +84.7% |
| Recurring financial charges | 65 | €2,251 | €4,157 | +€1,906 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €27,842 | €31,739 | +€3,897 | +14.0% |
| Transfer to deferred taxes | 680 | €12,000 | - | -€12,000 | |
| Income taxes | 67/77 | €13,090 | €16,161 | +€3,072 | +23.5% |
| Profit (loss) for the period | 9904 | €2,752 | €15,578 | +€12,826 | +466% |
| Profit (loss) for the period to be appropriated | 9905 | €2,752 | €15,578 | +€12,826 | +466% |
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 23 October 2026 via checked.be.