MEDHI PNEUS: what changed
What changed
MEDHI PNEUS
NACE 46.720, Wholesale of motor vehicle parts and accessories
filed annual accounts (NBB)
Net result for the year
-€2,973
2024 · €1,428-€4,401
Equity
€1.1m
2024 · €1.1m-€2,973
Cash
€876
2024 · €1,934-€1,057
Balance sheet total
€1.8m
2024 · €1.9m-€120,585
Largest movements
Assets
- Receivables within one year -€77,924
down €77,924 (-15.1%), from €516,906 to €438,982
of which Other amounts receivable: -€116,954
- Tangible fixed assets -€47,256
down €47,256 (-3.5%), from €1.4m to €1.3m
of which Land and buildings: -€42,626
Equity and liabilities
- Debts after one year -€98,607
down €98,607 (-41.4%), from €238,158 to €139,551
Income statement
- Financial charges +€30,650
up €30,650 (+68.7%), from €44,637 to €75,287
- Gross operating margin +€27,476
up €27,476 (+26.1%), from €105,189 to €132,664
- Depreciation +€1,603
up €1,603 (+3.4%), from €47,108 to €48,711
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,428
Gross operating margin
+€27,476
Depreciation
-€1,603
Other operating charges
-€928
Financial income
+€1,303
Financial charges
-€30,650
Result 2025
-€2,973
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€110,544
Investment
-€1,455
Financing
-€110,145
Cash 2024
€1,934
From operations (derived)
+€110,544
Net result for the year
-€2,973
Depreciation
+€48,711
Stocks and contracts
-€1,163
Receivables within one year
+€77,924
Deferred charges and accrued income
-€4,490
Trade debts
-€5,057
Tax, wage and social debts
-€2,991
Accrued charges and deferred income
+€581
Investment (derived)
-€1,455
Investment in fixed assets (net)
-€1,455
Financing
-€110,145
Debts after one year
-€98,607
Current portion of long-term debt
-€11,538
Cash 2025
€876
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,902,544 | €1,781,959 | -€120,585 | -6.3% |
| Fixed assets | 21/28 | €1,370,143 | €1,322,887 | -€47,256 | -3.4% |
| Tangible fixed assets | 22/27 | €1,369,523 | €1,322,267 | -€47,256 | -3.5% |
| Land and buildings | 22 | €1,340,278 | €1,297,652 | -€42,626 | -3.2% |
| Plant, machinery and equipment | 23 | €23,478 | €20,008 | -€3,470 | -14.8% |
| Furniture and vehicles | 24 | €5,767 | €4,607 | -€1,160 | -20.1% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €532,401 | €459,072 | -€73,329 | -13.8% |
| Stocks and contracts in progress | 3 | €8,840 | €10,002 | +€1,163 | +13.2% |
| Stocks | 30/36 | €8,840 | €10,002 | +€1,163 | +13.2% |
| Amounts receivable within one year | 40/41 | €516,906 | €438,982 | -€77,924 | -15.1% |
| Trade receivables | 40 | €4,043 | €43,074 | +€39,030 | +965% |
| Other amounts receivable | 41 | €512,863 | €395,908 | -€116,954 | -22.8% |
| Cash at bank and in hand | 54/58 | €1,934 | €876 | -€1,057 | -54.7% |
| Deferred charges and accrued income | 490/1 | €4,722 | €9,212 | +€4,490 | +95.1% |
| Total equity and liabilities | 10/49 | €1,902,544 | €1,781,959 | -€120,585 | -6.3% |
| Equity | 10/15 | €1,145,024 | €1,142,051 | -€2,973 | -0.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Revaluation surpluses | 12 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €221,174 | €221,174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €213,737 | €213,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,482 | €96,509 | -€2,973 | -3.0% |
| Amounts payable | 17/49 | €757,520 | €639,908 | -€117,612 | -15.5% |
| Amounts payable after more than one year | 17 | €238,158 | €139,551 | -€98,607 | -41.4% |
| Financial debts | 170/4 | €238,158 | €139,551 | -€98,607 | -41.4% |
| Amounts payable within one year | 42/48 | €518,612 | €499,026 | -€19,586 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €110,145 | €98,607 | -€11,538 | -10.5% |
| Financial debts | 43 | €360,000 | €360,000 | = | 0.0% |
| Credit institutions | 430/8 | €360,000 | €360,000 | = | 0.0% |
| Trade debts | 44 | €38,114 | €33,057 | -€5,057 | -13.3% |
| Suppliers | 440/4 | €38,114 | €33,057 | -€5,057 | -13.3% |
| Taxes, remuneration and social security | 45 | €10,352 | €7,362 | -€2,991 | -28.9% |
| Taxes | 450/3 | €10,352 | €7,362 | -€2,991 | -28.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €750 | €1,331 | +€581 | +77.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,108 | €48,711 | +€1,603 | +3.4% |
| Other operating charges | 640/8 | €21,704 | €22,632 | +€928 | +4.3% |
| Gross operating margin | 9900 | €105,189 | €132,664 | +€27,476 | +26.1% |
| Operating profit (loss) | 9901 | €36,376 | €61,322 | +€24,946 | +68.6% |
| Financial income | 75/76B | €9,689 | €10,992 | +€1,303 | +13.5% |
| Recurring financial income | 75 | €9,689 | €10,992 | +€1,303 | +13.5% |
| Financial charges | 65/66B | €44,637 | €75,287 | +€30,650 | +68.7% |
| Recurring financial charges | 65 | €44,637 | €75,287 | +€30,650 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €1,428 | -€2,973 | -€4,401 | |
| Profit (loss) for the period | 9904 | €1,428 | -€2,973 | -€4,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,428 | -€2,973 | -€4,401 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.