PHV 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.
PHV PNEUS
Largest movements
- Receivables within one year +€20,248
up €20,248 (+90.6%), from €22,349 to €42,597
- Cash -€6,212
down €6,212 (-15.7%), from €39,520 to €33,308
mainly Receivables within one year (-€20,248) and Trade debts (-€3,798)
- Profit (loss) carried forward +€10,630
up €10,630 (+22.4%), from €47,538 to €58,168
- Tax, wage and social debts +€6,895
up €6,895 (+110%), from €6,248 to €13,142
- Trade debts -€3,798
down €3,798 (-74.1%), from €5,123 to €1,325
- Gross operating margin -€8,578
down €8,578 (-32.3%), from €26,573 to €17,995
- Taxes +€1,497
up €1,497 (+69.6%), from €2,149 to €3,646
- Other operating charges -€455
down €455 (-21.5%), from €2,110 to €1,656
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 | €65,108 | €78,835 | +€13,727 | +21.1% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €65,058 | €78,785 | +€13,727 | +21.1% |
| Stocks and contracts in progress | 3 | €3,190 | €2,880 | -€310 | -9.7% |
| Stocks | 30/36 | €3,190 | €2,880 | -€310 | -9.7% |
| Amounts receivable within one year | 40/41 | €22,349 | €42,597 | +€20,248 | +90.6% |
| Other amounts receivable | 41 | €22,349 | €42,597 | +€20,248 | +90.6% |
| Cash at bank and in hand | 54/58 | €39,520 | €33,308 | -€6,212 | -15.7% |
| Total equity and liabilities | 10/49 | €65,108 | €78,835 | +€13,727 | +21.1% |
| Equity | 10/15 | €53,738 | €64,368 | +€10,630 | +19.8% |
| 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% |
| Profit (loss) carried forward | 14 | €47,538 | €58,168 | +€10,630 | +22.4% |
| Amounts payable | 17/49 | €11,370 | €14,467 | +€3,097 | +27.2% |
| Amounts payable within one year | 42/48 | €11,370 | €14,467 | +€3,097 | +27.2% |
| Trade debts | 44 | €5,123 | €1,325 | -€3,798 | -74.1% |
| Suppliers | 440/4 | €5,123 | €1,325 | -€3,798 | -74.1% |
| Taxes, remuneration and social security | 45 | €6,248 | €13,142 | +€6,895 | +110% |
| Taxes | 450/3 | €6,248 | €13,142 | +€6,895 | +110% |
| Remuneration, social security and pensions | 62 | €2,008 | €1,826 | -€182 | -9.1% |
| Other operating charges | 640/8 | €2,110 | €1,656 | -€455 | -21.5% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €26,573 | €17,995 | -€8,578 | -32.3% |
| Operating profit (loss) | 9901 | €22,454 | €14,514 | -€7,941 | -35.4% |
| Financial charges | 65/66B | €237 | €238 | +€0 | +0.1% |
| Recurring financial charges | 65 | €237 | €238 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €22,217 | €14,276 | -€7,941 | -35.7% |
| Income taxes | 67/77 | €2,149 | €3,646 | +€1,497 | +69.6% |
| Profit (loss) for the period | 9904 | €20,067 | €10,630 | -€9,438 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,067 | €10,630 | -€9,438 | -47.0% |
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.