PNEUS PALATE: 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 PALATE
Largest movements
- Cash +€38,127
up €38,127 (+55.0%), from €69,270 to €107,397
mainly Depreciation (+€21,627) and Net result for the year (+€17,894)
- Receivables within one year +€4,057
up €4,057 (+13.7%), from €29,588 to €33,645
- Reserves +€17,097
up €17,097 (+21.3%), from €80,097 to €97,194
of which Distributable reserves: +€26,000
- Tax, wage and social debts +€9,674
up €9,674 (+15.6%), from €61,935 to €71,609
of which Taxes: +€6,901
- Trade debts +€6,575
up €6,575 (+17.7%), from €37,066 to €43,641
- Current portion of long-term debt +€4,091
up €4,091 (+79.9%), from €5,122 to €9,213
- Other debts +€3,861
up €3,861 (+106%), from €3,637 to €7,498
- Gross operating margin +€39,711
up €39,711 (+34.2%), from €116,172 to €155,883
- Staff costs +€21,331
up €21,331 (+25.2%), from €84,792 to €106,123
- Depreciation +€4,079
up €4,079 (+23.2%), from €17,548 to €21,627
- Taxes +€3,418
up €3,418 (+52.8%), from €6,468 to €9,886
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 | €269,484 | €311,067 | +€41,583 | +15.4% |
| Fixed assets | 21/28 | €148,584 | €149,604 | +€1,020 | +0.7% |
| Tangible fixed assets | 22/27 | €148,274 | €149,294 | +€1,020 | +0.7% |
| Land and buildings | 22 | €112,244 | €104,538 | -€7,706 | -6.9% |
| Plant, machinery and equipment | 23 | €8,904 | €17,537 | +€8,633 | +97.0% |
| Furniture and vehicles | 24 | €19,272 | €20,473 | +€1,201 | +6.2% |
| Other tangible fixed assets | 26 | €7,854 | €6,746 | -€1,108 | -14.1% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €120,900 | €161,463 | +€40,563 | +33.6% |
| Stocks and contracts in progress | 3 | €4,730 | €3,421 | -€1,309 | -27.7% |
| Stocks | 30/36 | €4,730 | €3,421 | -€1,309 | -27.7% |
| Amounts receivable within one year | 40/41 | €29,588 | €33,645 | +€4,057 | +13.7% |
| Trade receivables | 40 | €29,588 | €33,645 | +€4,057 | +13.7% |
| Current investments | 50/53 | €17,000 | €17,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €69,270 | €107,397 | +€38,127 | +55.0% |
| Deferred charges and accrued income | 490/1 | €312 | - | -€312 | |
| Total equity and liabilities | 10/49 | €269,484 | €311,067 | +€41,583 | +15.4% |
| Equity | 10/15 | €144,492 | €162,386 | +€17,894 | +12.4% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €80,097 | €97,194 | +€17,097 | +21.3% |
| Tax-exempt reserves | 132 | €58,280 | €49,377 | -€8,903 | -15.3% |
| Distributable reserves | 133 | €21,817 | €47,817 | +€26,000 | +119% |
| Profit (loss) carried forward | 14 | -€3,776 | -€2,979 | +€797 | +21.1% |
| Provisions and deferred taxes | 16 | €14,573 | €12,348 | -€2,225 | -15.3% |
| Deferred taxes | 168 | €14,573 | €12,348 | -€2,225 | -15.3% |
| Amounts payable | 17/49 | €110,419 | €136,333 | +€25,914 | +23.5% |
| Amounts payable after more than one year | 17 | €2,659 | €3,306 | +€647 | +24.3% |
| Financial debts | 170/4 | €2,659 | €3,306 | +€647 | +24.3% |
| Amounts payable within one year | 42/48 | €107,760 | €131,961 | +€24,201 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €5,122 | €9,213 | +€4,091 | +79.9% |
| Trade debts | 44 | €37,066 | €43,641 | +€6,575 | +17.7% |
| Suppliers | 440/4 | €37,066 | €43,641 | +€6,575 | +17.7% |
| Taxes, remuneration and social security | 45 | €61,935 | €71,609 | +€9,674 | +15.6% |
| Taxes | 450/3 | €45,680 | €52,581 | +€6,901 | +15.1% |
| Remuneration and social security | 454/9 | €16,255 | €19,028 | +€2,773 | +17.1% |
| Other amounts payable | 47/48 | €3,637 | €7,498 | +€3,861 | +106% |
| Accrued charges and deferred income | 492/3 | - | €1,066 | +€1,066 | |
| Remuneration, social security and pensions | 62 | €84,792 | €106,123 | +€21,331 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,548 | €21,627 | +€4,079 | +23.2% |
| Other operating charges | 640/8 | €5,257 | €3,822 | -€1,435 | -27.3% |
| Gross operating margin | 9900 | €116,172 | €155,883 | +€39,711 | +34.2% |
| Operating profit (loss) | 9901 | €8,575 | €24,311 | +€15,736 | +184% |
| Financial income | 75/76B | €4,395 | €3,143 | -€1,252 | -28.5% |
| Recurring financial income | 75 | €4,395 | €3,143 | -€1,252 | -28.5% |
| Financial charges | 65/66B | €1,871 | €1,900 | +€29 | +1.5% |
| Recurring financial charges | 65 | €1,871 | €1,900 | +€29 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €11,099 | €25,554 | +€14,455 | +130% |
| Transfer from deferred taxes | 780 | €2,226 | €2,226 | = | 0.0% |
| Income taxes | 67/77 | €6,468 | €9,886 | +€3,418 | +52.8% |
| Profit (loss) for the period | 9904 | €6,857 | €17,894 | +€11,037 | +161% |
| Transfer from tax-exempt reserves | 789 | €8,903 | €8,903 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,760 | €26,797 | +€11,037 | +70.0% |
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 1 November 2026 via checked.be.