SF 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.
SF PNEUS
Largest movements
- Tangible fixed assets +€36,041
up €36,041 (+508%), from €7,093 to €43,134
of which Furniture and vehicles: +€35,342
- Cash +€14,130
up €14,130 (+54.1%), from €26,118 to €40,248
mainly Net result for the year (+€27,210) and Tax, wage and social debts (+€18,362)
- Receivables within one year -€5,158
down €5,158 (-29.8%), from €17,316 to €12,158
of which Trade receivables: -€4,858
- Stocks and contracts +€2,519
up €2,519 (+52.2%), from €4,828 to €7,347
- Reserves +€27,210
up €27,210 (+171%), from €15,891 to €43,101
- Tax, wage and social debts +€18,362
up €18,362 (+102%), from €18,003 to €36,365
of which Taxes: +€10,496
- Advances received +€2,355
new in 2025: €2,355
- Accrued charges and deferred income -€2,240
down €2,240 (-95.3%), from €2,352 to €112
- Other debts +€2,013
up €2,013 (+4,858%), from €41 to €2,055
- Gross operating margin +€18,983
up €18,983 (+69.1%), from €27,482 to €46,465
- Staff costs +€4,061
up €4,061 (+5,257%), from €77 to €4,138
- Taxes +€2,854
up €2,854 (+37.5%), from €7,603 to €10,457
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 | €55,423 | €102,938 | +€47,516 | +85.7% |
| Fixed assets | 21/28 | €7,093 | €43,134 | +€36,041 | +508% |
| Tangible fixed assets | 22/27 | €7,093 | €43,134 | +€36,041 | +508% |
| Plant, machinery and equipment | 23 | €6,103 | €6,802 | +€699 | +11.5% |
| Furniture and vehicles | 24 | €991 | €36,332 | +€35,342 | +3,568% |
| Current assets | 29/58 | €48,329 | €59,804 | +€11,475 | +23.7% |
| Stocks and contracts in progress | 3 | €4,828 | €7,347 | +€2,519 | +52.2% |
| Stocks | 30/36 | €4,828 | €7,347 | +€2,519 | +52.2% |
| Amounts receivable within one year | 40/41 | €17,316 | €12,158 | -€5,158 | -29.8% |
| Trade receivables | 40 | €17,016 | €12,158 | -€4,858 | -28.5% |
| Other amounts receivable | 41 | €300 | - | -€300 | |
| Cash at bank and in hand | 54/58 | €26,118 | €40,248 | +€14,130 | +54.1% |
| Deferred charges and accrued income | 490/1 | €67 | €52 | -€15 | -22.8% |
| Total equity and liabilities | 10/49 | €55,423 | €102,938 | +€47,516 | +85.7% |
| Equity | 10/15 | €17,891 | €45,101 | +€27,210 | +152% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,891 | €43,101 | +€27,210 | +171% |
| Distributable reserves | 133 | €15,891 | €43,101 | +€27,210 | +171% |
| Amounts payable | 17/49 | €37,532 | €57,837 | +€20,306 | +54.1% |
| Amounts payable within one year | 42/48 | €35,180 | €57,726 | +€22,546 | +64.1% |
| Trade debts | 44 | €17,136 | €16,951 | -€185 | -1.1% |
| Suppliers | 440/4 | €17,136 | €16,951 | -€185 | -1.1% |
| Advances received on contracts in progress | 46 | - | €2,355 | +€2,355 | |
| Taxes, remuneration and social security | 45 | €18,003 | €36,365 | +€18,362 | +102% |
| Taxes | 450/3 | €16,608 | €27,104 | +€10,496 | +63.2% |
| Remuneration and social security | 454/9 | €1,395 | €9,261 | +€7,866 | +564% |
| Other amounts payable | 47/48 | €41 | €2,055 | +€2,013 | +4,858% |
| Accrued charges and deferred income | 492/3 | €2,352 | €112 | -€2,240 | -95.3% |
| Remuneration, social security and pensions | 62 | €77 | €4,138 | +€4,061 | +5,257% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,163 | €3,088 | -€74 | -2.3% |
| Other operating charges | 640/8 | €711 | €1,099 | +€388 | +54.5% |
| Gross operating margin | 9900 | €27,482 | €46,465 | +€18,983 | +69.1% |
| Operating profit (loss) | 9901 | €23,531 | €38,139 | +€14,608 | +62.1% |
| Financial charges | 65/66B | €37 | €472 | +€435 | +1,163% |
| Recurring financial charges | 65 | €37 | €472 | +€435 | +1,163% |
| Profit (loss) for the period before taxes | 9903 | €23,494 | €37,667 | +€14,174 | +60.3% |
| Income taxes | 67/77 | €7,603 | €10,457 | +€2,854 | +37.5% |
| Profit (loss) for the period | 9904 | €15,891 | €27,210 | +€11,319 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,891 | €27,210 | +€11,319 | +71.2% |
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 24 October 2026 via checked.be.