KL 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.
KL PNEUS
Largest movements
- Cash +€20,786
up €20,786 (+22.5%), from €92,359 to €113,145
mainly Trade debts (+€17,016) and Tax, wage and social debts (+€6,539)
- Stocks and contracts +€5,000
new in 2025: €5,000
- Receivables within one year -€4,495
down €4,495 (-6.0%), from €75,412 to €70,917
of which Trade receivables: -€6,784
- Trade debts +€17,016
up €17,016 (+38.1%), from €44,679 to €61,695
- Tax, wage and social debts +€6,539
up €6,539 (+19.1%), from €34,309 to €40,848
- Gross operating margin -€34,875
down €34,875 (-65.0%), from €53,634 to €18,759
- Taxes -€9,073
no longer reported in 2025 (was €9,073)
- Financial charges +€1,931
up €1,931 (+91.9%), from €2,101 to €4,032
- Other operating charges +€564
up €564 (+10.1%), from €5,573 to €6,137
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 | €174,117 | €196,418 | +€22,301 | +12.8% |
| Fixed assets | 21/28 | €4,698 | €6,089 | +€1,391 | +29.6% |
| Tangible fixed assets | 22/27 | €4,648 | €6,039 | +€1,391 | +29.9% |
| Plant, machinery and equipment | 23 | €899 | €967 | +€68 | +7.5% |
| Furniture and vehicles | 24 | €3,749 | €5,072 | +€1,323 | +35.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €169,419 | €190,329 | +€20,910 | +12.3% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €75,412 | €70,917 | -€4,495 | -6.0% |
| Trade receivables | 40 | €75,097 | €68,314 | -€6,784 | -9.0% |
| Other amounts receivable | 41 | €315 | €2,603 | +€2,288 | +726% |
| Cash at bank and in hand | 54/58 | €92,359 | €113,145 | +€20,786 | +22.5% |
| Deferred charges and accrued income | 490/1 | €1,648 | €1,267 | -€381 | -23.1% |
| Total equity and liabilities | 10/49 | €174,117 | €196,418 | +€22,301 | +12.8% |
| Equity | 10/15 | €95,129 | €93,875 | -€1,254 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,069 | €85,815 | -€1,254 | -1.4% |
| Amounts payable | 17/49 | €78,988 | €102,543 | +€23,555 | +29.8% |
| Amounts payable within one year | 42/48 | €78,988 | €102,543 | +€23,555 | +29.8% |
| Trade debts | 44 | €44,679 | €61,695 | +€17,016 | +38.1% |
| Suppliers | 440/4 | €44,679 | €61,695 | +€17,016 | +38.1% |
| Taxes, remuneration and social security | 45 | €34,309 | €40,848 | +€6,539 | +19.1% |
| Taxes | 450/3 | €34,309 | €40,848 | +€6,539 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,033 | €4,543 | -€490 | -9.7% |
| Other operating charges | 640/8 | €5,573 | €6,137 | +€564 | +10.1% |
| Non-recurring operating charges | 66A | - | €5,512 | +€5,512 | |
| Gross operating margin | 9900 | €53,634 | €18,759 | -€34,875 | -65.0% |
| Operating profit (loss) | 9901 | €43,028 | €2,566 | -€40,462 | -94.0% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €2,101 | €4,032 | +€1,931 | +91.9% |
| Recurring financial charges | 65 | €2,101 | €4,032 | +€1,931 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | €40,927 | -€1,455 | -€42,382 | |
| Income taxes | 67/77 | €9,073 | - | -€9,073 | |
| Profit (loss) for the period | 9904 | €31,854 | -€1,455 | -€33,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,854 | -€1,455 | -€33,309 |
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 15 October 2026 via checked.be.