PNEUS DEVOLDERE: what changed
Two fiscal 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 DEVOLDERE
Largest movements
- Tangible fixed assets +€190,600
up €190,600 (+41.3%), from €461,078 to €651,678
of which Land and buildings: +€138,813
- Stocks and contracts +€20,618
up €20,618 (+12.2%), from €169,311 to €189,928
- Cash +€17,906
up €17,906 (+6.5%), from €275,660 to €293,566
mainly Debts after one year (+€82,251) and Net result for the year (+€77,307)
- Receivables within one year -€17,020
down €17,020 (-13.7%), from €123,811 to €106,791
of which Trade receivables: -€16,271
- Debts after one year +€82,251
up €82,251 (+23.0%), from €357,220 to €439,470
- Reserves +€77,307
up €77,307 (+27.3%), from €283,634 to €360,942
of which Distributable reserves: +€77,307
- Current portion of long-term debt +€42,957
up €42,957 (+65.3%), from €65,738 to €108,694
- Trade debts +€29,725
up €29,725 (+27.4%), from €108,437 to €138,162
- Other debts -€14,215
down €14,215 (-57.1%), from €24,876 to €10,661
- Gross operating margin -€26,657
down €26,657 (-7.5%), from €353,773 to €327,116
- Depreciation +€22,404
up €22,404 (+64.5%), from €34,745 to €57,148
- Staff costs -€20,407
down €20,407 (-12.3%), from €165,979 to €145,572
- Other operating charges -€14,656
down €14,656 (-57.6%), from €25,448 to €10,793
- Write-downs +€13,640
up €13,640 (+70.8%), from -€19,252 to -€5,612
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.
Cash bridge derived
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 | €1,038,246 | €1,250,626 | +€212,380 | +20.5% |
| Fixed assets | 21/28 | €461,078 | €653,136 | +€192,058 | +41.7% |
| Intangible fixed assets | 21 | €0 | €1,458 | +€1,458 | |
| Tangible fixed assets | 22/27 | €461,078 | €651,678 | +€190,600 | +41.3% |
| Land and buildings | 22 | €258,415 | €397,228 | +€138,813 | +53.7% |
| Plant, machinery and equipment | 23 | €193,389 | €219,032 | +€25,643 | +13.3% |
| Furniture and vehicles | 24 | €9,274 | €35,418 | +€26,144 | +281.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €577,168 | €597,490 | +€20,322 | +3.5% |
| Stocks and contracts in progress | 3 | €169,311 | €189,928 | +€20,618 | +12.2% |
| Stocks | 30/36 | €169,311 | €189,928 | +€20,618 | +12.2% |
| Amounts receivable within one year | 40/41 | €123,811 | €106,791 | -€17,020 | -13.7% |
| Trade receivables | 40 | €120,756 | €104,486 | -€16,271 | -13.5% |
| Other amounts receivable | 41 | €3,054 | €2,305 | -€749 | -24.5% |
| Cash at bank and in hand | 54/58 | €275,660 | €293,566 | +€17,906 | +6.5% |
| Deferred charges and accrued income | 490/1 | €8,387 | €7,205 | -€1,182 | -14.1% |
| Total equity and liabilities | 10/49 | €1,038,246 | €1,250,626 | +€212,380 | +20.5% |
| Equity | 10/15 | €410,054 | €487,362 | +€77,307 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €283,634 | €360,942 | +€77,307 | +27.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €281,774 | €359,082 | +€77,307 | +27.4% |
| Profit (loss) carried forward | 14 | €107,820 | €107,820 | = | 0.0% |
| Amounts payable | 17/49 | €628,192 | €763,264 | +€135,073 | +21.5% |
| Amounts payable after more than one year | 17 | €357,220 | €439,470 | +€82,251 | +23.0% |
| Financial debts | 170/4 | €357,220 | €439,470 | +€82,251 | +23.0% |
| Amounts payable within one year | 42/48 | €270,184 | €321,912 | +€51,727 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €65,738 | €108,694 | +€42,957 | +65.3% |
| Financial debts | 43 | €636 | €0 | -€636 | -100.0% |
| Credit institutions | 430/8 | €636 | €0 | -€636 | -100.0% |
| Trade debts | 44 | €108,437 | €138,162 | +€29,725 | +27.4% |
| Suppliers | 440/4 | €108,437 | €138,162 | +€29,725 | +27.4% |
| Taxes, remuneration and social security | 45 | €70,499 | €64,395 | -€6,104 | -8.7% |
| Taxes | 450/3 | €46,394 | €40,466 | -€5,928 | -12.8% |
| Remuneration and social security | 454/9 | €24,105 | €23,929 | -€176 | -0.7% |
| Other amounts payable | 47/48 | €24,876 | €10,661 | -€14,215 | -57.1% |
| Accrued charges and deferred income | 492/3 | €788 | €1,883 | +€1,095 | +138.9% |
| Remuneration, social security and pensions | 62 | €165,979 | €145,572 | -€20,407 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,745 | €57,148 | +€22,404 | +64.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€19,252 | -€5,612 | +€13,640 | +70.8% |
| Other operating charges | 640/8 | €25,448 | €10,793 | -€14,656 | -57.6% |
| Gross operating margin | 9900 | €353,773 | €327,116 | -€26,657 | -7.5% |
| Operating profit (loss) | 9901 | €146,853 | €119,215 | -€27,638 | -18.8% |
| Financial income | 75/76B | €582 | €4,721 | +€4,139 | +711.1% |
| Recurring financial income | 75 | €582 | €4,721 | +€4,139 | +711.1% |
| Financial charges | 65/66B | €15,614 | €19,690 | +€4,076 | +26.1% |
| Recurring financial charges | 65 | €15,614 | €19,690 | +€4,076 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €131,821 | €104,246 | -€27,575 | -20.9% |
| Income taxes | 67/77 | €30,882 | €26,939 | -€3,943 | -12.8% |
| Profit (loss) for the period | 9904 | €100,939 | €77,307 | -€23,632 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €100,939 | €77,307 | -€23,632 | -23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.