M 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.
What changed
M PNEUS
NACE 47.820, Retail sale of motor vehicle parts and accessories
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,295
2024 · €18,179-€884
Equity
€138,386
2024 · €121,091+€17,295
Cash
€24,382
2024 · €26,247-€1,865
Balance sheet total
€369,432
2024 · €384,134-€14,703
Largest movements
Assets
- Tangible fixed assets -€12,824
down €12,824 (-3.6%), from €352,115 to €339,291
of which Land and buildings: -€10,397
Equity and liabilities
- Debts after one year -€26,604
down €26,604 (-51.5%), from €51,636 to €25,032
- Profit (loss) carried forward +€17,295
up €17,295 (+17.2%), from €100,631 to €117,926
- Trade debts -€4,823
down €4,823 (-34.2%), from €14,104 to €9,281
Income statement
- Gross operating margin -€1,474
down €1,474 (-2.8%), from €52,193 to €50,720
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.
Result 2024
€18,179
Gross operating margin
-€1,474
Depreciation
+€107
Other operating charges
+€467
Financial income
-€310
Financial charges
-€133
Taxes
+€458
Result 2025
€17,295
raises the resultlowers the result
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.
From operations
+€23,688
Investment
-€769
Financing
-€24,783
Cash 2024
€26,247
From operations (derived)
+€23,688
Net result for the year
+€17,295
Depreciation
+€13,593
Stocks and contracts
+€1,297
Receivables within one year
-€1,030
Deferred charges and accrued income
-€252
Trade debts
-€4,823
Tax, wage and social debts
-€1,448
Other debts
-€943
Investment (derived)
-€769
Investment in fixed assets (net)
-€769
Financing
-€24,783
Debts after one year
-€26,604
Current portion of long-term debt
+€1,821
Cash 2025
€24,382
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,134 | €369,432 | -€14,703 | -3.8% |
| Fixed assets | 21/28 | €352,115 | €339,291 | -€12,824 | -3.6% |
| Tangible fixed assets | 22/27 | €352,115 | €339,291 | -€12,824 | -3.6% |
| Land and buildings | 22 | €334,783 | €324,386 | -€10,397 | -3.1% |
| Plant, machinery and equipment | 23 | €17,332 | €14,905 | -€2,427 | -14.0% |
| Current assets | 29/58 | €32,020 | €30,141 | -€1,879 | -5.9% |
| Stocks and contracts in progress | 3 | €4,879 | €3,583 | -€1,297 | -26.6% |
| Stocks | 30/36 | €4,879 | €3,583 | -€1,297 | -26.6% |
| Amounts receivable within one year | 40/41 | €743 | €1,773 | +€1,030 | +139% |
| Trade receivables | 40 | €688 | €1,481 | +€793 | +115% |
| Other amounts receivable | 41 | €55 | €292 | +€237 | +430% |
| Cash at bank and in hand | 54/58 | €26,247 | €24,382 | -€1,865 | -7.1% |
| Deferred charges and accrued income | 490/1 | €151 | €403 | +€252 | +168% |
| Total equity and liabilities | 10/49 | €384,134 | €369,432 | -€14,703 | -3.8% |
| Equity | 10/15 | €121,091 | €138,386 | +€17,295 | +14.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,631 | €117,926 | +€17,295 | +17.2% |
| Amounts payable | 17/49 | €263,044 | €231,046 | -€31,998 | -12.2% |
| Amounts payable after more than one year | 17 | €51,636 | €25,032 | -€26,604 | -51.5% |
| Financial debts | 170/4 | €51,636 | €25,032 | -€26,604 | -51.5% |
| Amounts payable within one year | 42/48 | €211,408 | €206,015 | -€5,394 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €26,582 | €28,403 | +€1,821 | +6.8% |
| Trade debts | 44 | €14,104 | €9,281 | -€4,823 | -34.2% |
| Suppliers | 440/4 | €14,104 | €9,281 | -€4,823 | -34.2% |
| Taxes, remuneration and social security | 45 | €19,068 | €17,620 | -€1,448 | -7.6% |
| Taxes | 450/3 | €19,068 | €17,620 | -€1,448 | -7.6% |
| Other amounts payable | 47/48 | €151,654 | €150,710 | -€943 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,700 | €13,593 | -€107 | -0.8% |
| Other operating charges | 640/8 | €3,019 | €2,552 | -€467 | -15.5% |
| Gross operating margin | 9900 | €52,193 | €50,720 | -€1,474 | -2.8% |
| Operating profit (loss) | 9901 | €35,475 | €34,576 | -€899 | -2.5% |
| Financial income | 75/76B | €311 | €1 | -€310 | -99.8% |
| Recurring financial income | 75 | €311 | €1 | -€310 | -99.8% |
| Financial charges | 65/66B | €9,853 | €9,986 | +€133 | +1.3% |
| Recurring financial charges | 65 | €9,853 | €9,986 | +€133 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €25,932 | €24,590 | -€1,342 | -5.2% |
| Income taxes | 67/77 | €7,753 | €7,295 | -€458 | -5.9% |
| Profit (loss) for the period | 9904 | €18,179 | €17,295 | -€884 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,179 | €17,295 | -€884 | -4.9% |
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 16 October 2026 via checked.be.