JC 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.
JC PNEUS
Largest movements
- Receivables within one year +€46,451
up €46,451 (+40.9%), from €113,518 to €159,969
of which Trade receivables: +€46,581
- Cash -€26,621
down €26,621 (-77.0%), from €34,590 to €7,969
mainly Receivables within one year (-€46,451) and Investment in fixed assets (net) (-€33,954)
- Debts after one year +€20,998
up €20,998 (+34.1%), from €61,590 to €82,588
- Short-term financial debts -€10,092
down €10,092 (-100%), from €10,092 to €0
- Trade debts -€9,943
down €9,943 (-9.9%), from €100,543 to €90,600
- Tax, wage and social debts +€9,194
up €9,194 (+37.7%), from €24,359 to €33,553
of which Remuneration and social security: +€5,437
- Other debts -€7,055
down €7,055 (-12.8%), from €55,316 to €48,261
- Staff costs -€15,379
down €15,379 (-9.3%), from €164,523 to €149,145
- Depreciation +€6,730
up €6,730 (+22.6%), from €29,720 to €36,450
- Financial charges +€4,230
up €4,230 (+92.0%), from €4,599 to €8,830
- Gross operating margin -€2,263
down €2,263 (-1.1%), from €203,187 to €200,924
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 | €328,354 | €342,899 | +€14,545 | +4.4% |
| Fixed assets | 21/28 | €118,864 | €116,368 | -€2,496 | -2.1% |
| Tangible fixed assets | 22/27 | €118,864 | €116,368 | -€2,496 | -2.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €56,787 | €50,881 | -€5,906 | -10.4% |
| Furniture and vehicles | 24 | €15,572 | €22,468 | +€6,896 | +44.3% |
| Other tangible fixed assets | 26 | €46,505 | €43,019 | -€3,486 | -7.5% |
| Current assets | 29/58 | €209,490 | €226,531 | +€17,041 | +8.1% |
| Stocks and contracts in progress | 3 | €58,400 | €55,605 | -€2,795 | -4.8% |
| Stocks | 30/36 | €58,400 | €55,605 | -€2,795 | -4.8% |
| Amounts receivable within one year | 40/41 | €113,518 | €159,969 | +€46,451 | +40.9% |
| Trade receivables | 40 | €113,352 | €159,932 | +€46,581 | +41.1% |
| Other amounts receivable | 41 | €166 | €36 | -€130 | -78.1% |
| Cash at bank and in hand | 54/58 | €34,590 | €7,969 | -€26,621 | -77.0% |
| Deferred charges and accrued income | 490/1 | €2,982 | €2,988 | +€6 | +0.2% |
| Total equity and liabilities | 10/49 | €328,354 | €342,899 | +€14,545 | +4.4% |
| Equity | 10/15 | €64,621 | €69,709 | +€5,088 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,860 | €51,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €51,860 | €51,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,561 | €11,649 | +€5,088 | +77.6% |
| Amounts payable | 17/49 | €263,733 | €273,190 | +€9,457 | +3.6% |
| Amounts payable after more than one year | 17 | €61,590 | €82,588 | +€20,998 | +34.1% |
| Financial debts | 170/4 | €61,590 | €82,588 | +€20,998 | +34.1% |
| Amounts payable within one year | 42/48 | €202,143 | €190,602 | -€11,540 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €11,833 | €18,189 | +€6,355 | +53.7% |
| Financial debts | 43 | €10,092 | €0 | -€10,092 | -100% |
| Credit institutions | 430/8 | €10,092 | €0 | -€10,092 | -100% |
| Trade debts | 44 | €100,543 | €90,600 | -€9,943 | -9.9% |
| Suppliers | 440/4 | €100,543 | €90,600 | -€9,943 | -9.9% |
| Taxes, remuneration and social security | 45 | €24,359 | €33,553 | +€9,194 | +37.7% |
| Taxes | 450/3 | €7,819 | €11,577 | +€3,758 | +48.1% |
| Remuneration and social security | 454/9 | €16,540 | €21,976 | +€5,437 | +32.9% |
| Other amounts payable | 47/48 | €55,316 | €48,261 | -€7,055 | -12.8% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €164,523 | €149,145 | -€15,379 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,720 | €36,450 | +€6,730 | +22.6% |
| Other operating charges | 640/8 | €2,110 | €1,641 | -€470 | -22.3% |
| Gross operating margin | 9900 | €203,187 | €200,924 | -€2,263 | -1.1% |
| Operating profit (loss) | 9901 | €6,833 | €13,689 | +€6,856 | +100% |
| Financial income | 75/76B | €45 | €229 | +€184 | +409% |
| Recurring financial income | 75 | €45 | €229 | +€184 | +409% |
| Financial charges | 65/66B | €4,599 | €8,830 | +€4,230 | +92.0% |
| Recurring financial charges | 65 | €4,599 | €8,830 | +€4,230 | +92.0% |
| Profit (loss) for the period before taxes | 9903 | €2,279 | €5,088 | +€2,809 | +123% |
| Profit (loss) for the period | 9904 | €2,279 | €5,088 | +€2,809 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €2,279 | €5,088 | +€2,809 | +123% |
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.