PNEUS D'OR: 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.
PNEUS D'OR
Largest movements
- Tangible fixed assets -€46,173
down €46,173 (-66.4%), from €69,554 to €23,381
of which Furniture and vehicles: -€38,197
- Receivables within one year -€17,846
down €17,846 (-46.8%), from €38,159 to €20,312
of which Trade receivables: -€17,580
- Cash +€11,795
up €11,795 (+115%), from €10,241 to €22,036
mainly Investment in fixed assets (net) (+€38,197) and Receivables within one year (+€17,846)
- Deferred charges and accrued income -€2,885
down €2,885 (-20.0%), from €14,426 to €11,541
- Debts after one year -€33,238
down €33,238 (-69.5%), from €47,803 to €14,566
- Trade debts -€17,464
down €17,464 (-48.7%), from €35,828 to €18,364
- Current portion of long-term debt -€6,588
down €6,588 (-42.2%), from €15,601 to €9,013
- Tax, wage and social debts +€3,260
up €3,260 (+33.0%), from €9,869 to €13,129
of which Taxes: +€1,760
- Other debts -€2,844
down €2,844 (-25.0%), from €11,356 to €8,512
- Gross operating margin +€44,505
up €44,505 (+423%), from €10,513 to €55,018
- Financial charges +€3,588
up €3,588 (+301%), from €1,193 to €4,782
- Depreciation -€2,421
down €2,421 (-22.8%), from €10,598 to €8,176
- Taxes +€1,610
up €1,610, from -€1,000 to €610
- Other operating charges +€1,272
up €1,272 (+257%), from €495 to €1,767
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,863 | €77,554 | -€55,309 | -41.6% |
| Formation expenses | 20 | €484 | €283 | -€200 | -41.4% |
| Fixed assets | 21/28 | €69,554 | €23,381 | -€46,173 | -66.4% |
| Tangible fixed assets | 22/27 | €69,554 | €23,381 | -€46,173 | -66.4% |
| Plant, machinery and equipment | 23 | €31,357 | €23,381 | -€7,976 | -25.4% |
| Furniture and vehicles | 24 | €38,197 | - | -€38,197 | |
| Current assets | 29/58 | €62,826 | €53,890 | -€8,936 | -14.2% |
| Amounts receivable within one year | 40/41 | €38,159 | €20,312 | -€17,846 | -46.8% |
| Trade receivables | 40 | €37,892 | €20,312 | -€17,580 | -46.4% |
| Other amounts receivable | 41 | €266 | - | -€266 | |
| Cash at bank and in hand | 54/58 | €10,241 | €22,036 | +€11,795 | +115% |
| Deferred charges and accrued income | 490/1 | €14,426 | €11,541 | -€2,885 | -20.0% |
| Total equity and liabilities | 10/49 | €132,863 | €77,554 | -€55,309 | -41.6% |
| Equity | 10/15 | €12,407 | €13,970 | +€1,564 | +12.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,407 | €8,970 | +€1,564 | +21.1% |
| Amounts payable | 17/49 | €120,457 | €63,584 | -€56,873 | -47.2% |
| Amounts payable after more than one year | 17 | €47,803 | €14,566 | -€33,238 | -69.5% |
| Financial debts | 170/4 | €47,803 | €14,566 | -€33,238 | -69.5% |
| Amounts payable within one year | 42/48 | €72,653 | €49,018 | -€23,636 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €15,601 | €9,013 | -€6,588 | -42.2% |
| Trade debts | 44 | €35,828 | €18,364 | -€17,464 | -48.7% |
| Suppliers | 440/4 | €35,828 | €18,364 | -€17,464 | -48.7% |
| Taxes, remuneration and social security | 45 | €9,869 | €13,129 | +€3,260 | +33.0% |
| Taxes | 450/3 | €9,869 | €11,629 | +€1,760 | +17.8% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €11,356 | €8,512 | -€2,844 | -25.0% |
| Non-recurring operating income | 76A | - | €840 | +€840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,598 | €8,176 | -€2,421 | -22.8% |
| Other operating charges | 640/8 | €495 | €1,767 | +€1,272 | +257% |
| Non-recurring operating charges | 66A | - | €38,297 | +€38,297 | |
| Gross operating margin | 9900 | €10,513 | €55,018 | +€44,505 | +423% |
| Operating profit (loss) | 9901 | -€580 | €6,778 | +€7,358 | |
| Financial income | 75/76B | €309 | €177 | -€131 | -42.6% |
| Recurring financial income | 75 | €71 | €58 | -€12 | -17.6% |
| Non-recurring financial income | 76B | €238 | €119 | -€119 | -50.0% |
| Financial charges | 65/66B | €1,193 | €4,782 | +€3,588 | +301% |
| Recurring financial charges | 65 | €1,193 | €4,782 | +€3,588 | +301% |
| Profit (loss) for the period before taxes | 9903 | -€1,464 | €2,174 | +€3,638 | |
| Income taxes | 67/77 | -€1,000 | €610 | +€1,610 | |
| Profit (loss) for the period | 9904 | -€464 | €1,564 | +€2,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€464 | €1,564 | +€2,028 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.