GS 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.
GS PNEUS
Largest movements
- Cash -€12,768
down €12,768 (-50.3%), from €25,364 to €12,597
mainly Trade debts (-€17,254) and Stocks and contracts (-€10,000)
- Stocks and contracts +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Receivables within one year -€7,540
down €7,540 (-44.7%), from €16,862 to €9,322
- Tangible fixed assets +€1,502
up €1,502 (+15.8%), from €9,525 to €11,027
of which Plant, machinery and equipment: +€2,966
- Trade debts -€17,254
down €17,254 (-46.2%), from €37,374 to €20,120
- Tax, wage and social debts +€8,767
up €8,767 (+51.9%), from €16,906 to €25,673
of which Remuneration and social security: +€6,312
- Profit (loss) carried forward +€7,142
up €7,142, from -€1,129 to €6,012
- Other debts -€6,979
down €6,979 (-81.1%), from €8,600 to €1,621
- Staff costs -€10,872
down €10,872 (-38.1%), from €28,540 to €17,669
- Taxes +€1,316
new in 2025: €1,316
- Depreciation +€539
up €539 (+128%), from €421 to €960
- Gross operating margin -€486
down €486 (-1.7%), from €28,828 to €28,342
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 | €71,751 | €63,427 | -€8,324 | -11.6% |
| Fixed assets | 21/28 | €9,525 | €11,027 | +€1,502 | +15.8% |
| Tangible fixed assets | 22/27 | €9,525 | €11,027 | +€1,502 | +15.8% |
| Plant, machinery and equipment | 23 | €3,136 | €6,103 | +€2,966 | +94.6% |
| Furniture and vehicles | 24 | €1,197 | - | -€1,197 | |
| Other tangible fixed assets | 26 | €5,192 | €4,925 | -€267 | -5.1% |
| Current assets | 29/58 | €62,226 | €52,399 | -€9,826 | -15.8% |
| Stocks and contracts in progress | 3 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Stocks | 30/36 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €16,862 | €9,322 | -€7,540 | -44.7% |
| Trade receivables | 40 | €16,862 | €9,322 | -€7,540 | -44.7% |
| Cash at bank and in hand | 54/58 | €25,364 | €12,597 | -€12,768 | -50.3% |
| Deferred charges and accrued income | 490/1 | - | €481 | +€481 | |
| Total equity and liabilities | 10/49 | €71,751 | €63,427 | -€8,324 | -11.6% |
| Equity | 10/15 | €8,871 | €16,012 | +€7,142 | +80.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,129 | €6,012 | +€7,142 | |
| Amounts payable | 17/49 | €62,880 | €47,414 | -€15,466 | -24.6% |
| Amounts payable within one year | 42/48 | €62,880 | €47,414 | -€15,466 | -24.6% |
| Trade debts | 44 | €37,374 | €20,120 | -€17,254 | -46.2% |
| Suppliers | 440/4 | €37,374 | €20,120 | -€17,254 | -46.2% |
| Taxes, remuneration and social security | 45 | €16,906 | €25,673 | +€8,767 | +51.9% |
| Taxes | 450/3 | €16,792 | €19,246 | +€2,455 | +14.6% |
| Remuneration and social security | 454/9 | €114 | €6,427 | +€6,312 | +5,522% |
| Other amounts payable | 47/48 | €8,600 | €1,621 | -€6,979 | -81.1% |
| Remuneration, social security and pensions | 62 | €28,540 | €17,669 | -€10,872 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | €960 | +€539 | +128% |
| Other operating charges | 640/8 | €715 | €728 | +€13 | +1.9% |
| Gross operating margin | 9900 | €28,828 | €28,342 | -€486 | -1.7% |
| Operating profit (loss) | 9901 | -€849 | €8,985 | +€9,834 | |
| Financial charges | 65/66B | €280 | €527 | +€247 | +88.0% |
| Recurring financial charges | 65 | €280 | €527 | +€247 | +88.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,129 | €8,458 | +€9,587 | |
| Income taxes | 67/77 | - | €1,316 | +€1,316 | |
| Profit (loss) for the period | 9904 | -€1,129 | €7,142 | +€8,271 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,129 | €7,142 | +€8,271 |
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 25 October 2026 via checked.be.