UNIVERSAL 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.
UNIVERSAL PNEUS
Largest movements
- Receivables within one year +€109,526
up €109,526 (+44.0%), from €249,148 to €358,674
of which Trade receivables: +€108,221
- Cash -€87,028
down €87,028 (-33.2%), from €262,269 to €175,241
mainly Contributions, distributions and other (-€217,776) and Investment in fixed assets (net) (-€132,322)
- Stocks and contracts -€46,010
down €46,010 (-14.5%), from €317,998 to €271,988
- Tangible fixed assets +€39,725
up €39,725 (+3.6%), from €1.1m to €1.2m
of which Furniture and vehicles: +€46,575
- Trade debts +€78,166
up €78,166 (+26.2%), from €298,315 to €376,481
- Other debts +€77,988
up €77,988 (+53.6%), from €145,447 to €223,435
- Reserves -€74,130
down €74,130 (-8.7%), from €855,221 to €781,091
of which Distributable reserves: -€74,130
- Debts after one year -€38,850
down €38,850 (-14.7%), from €263,885 to €225,035
of which Financial debts: -€38,850
- Current portion of long-term debt -€25,749
down €25,749 (-11.4%), from €226,255 to €200,506
- Gross operating margin -€91,904
down €91,904 (-8.7%), from €1.1m to €960,196
- Staff costs +€35,744
up €35,744 (+5.9%), from €608,142 to €643,886
- Taxes -€30,613
down €30,613 (-32.8%), from €93,199 to €62,587
- Depreciation +€13,647
up €13,647 (+17.2%), from €79,174 to €92,821
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 | €2,080,571 | €2,097,568 | +€16,997 | +0.8% |
| Fixed assets | 21/28 | €1,118,434 | €1,157,935 | +€39,501 | +3.5% |
| Intangible fixed assets | 21 | €223 | €0 | -€223 | -100% |
| Tangible fixed assets | 22/27 | €1,116,941 | €1,156,666 | +€39,725 | +3.6% |
| Land and buildings | 22 | €916,989 | €874,047 | -€42,942 | -4.7% |
| Plant, machinery and equipment | 23 | €46,269 | €91,944 | +€45,674 | +98.7% |
| Furniture and vehicles | 24 | €83,649 | €130,224 | +€46,575 | +55.7% |
| Leasing and similar rights | 25 | €26,453 | €22,795 | -€3,657 | -13.8% |
| Other tangible fixed assets | 26 | €43,582 | €37,656 | -€5,925 | -13.6% |
| Financial fixed assets | 28 | €1,269 | €1,269 | = | 0.0% |
| Current assets | 29/58 | €962,137 | €939,633 | -€22,504 | -2.3% |
| Stocks and contracts in progress | 3 | €317,998 | €271,988 | -€46,010 | -14.5% |
| Stocks | 30/36 | €317,998 | €271,988 | -€46,010 | -14.5% |
| Amounts receivable within one year | 40/41 | €249,148 | €358,674 | +€109,526 | +44.0% |
| Trade receivables | 40 | €248,572 | €356,792 | +€108,221 | +43.5% |
| Other amounts receivable | 41 | €576 | €1,882 | +€1,305 | +226% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €262,269 | €175,241 | -€87,028 | -33.2% |
| Deferred charges and accrued income | 490/1 | €32,722 | €33,730 | +€1,007 | +3.1% |
| Total equity and liabilities | 10/49 | €2,080,571 | €2,097,568 | +€16,997 | +0.8% |
| Equity | 10/15 | €942,296 | €862,382 | -€79,915 | -8.5% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €855,221 | €781,091 | -€74,130 | -8.7% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,531 | €19,531 | = | 0.0% |
| Distributable reserves | 133 | €830,732 | €756,602 | -€74,130 | -8.9% |
| Profit (loss) carried forward | 14 | €178 | €180 | +€2 | +0.9% |
| Investment grants | 15 | €37,319 | €31,532 | -€5,786 | -15.5% |
| Amounts payable | 17/49 | €1,138,274 | €1,235,186 | +€96,912 | +8.5% |
| Amounts payable after more than one year | 17 | €263,885 | €225,035 | -€38,850 | -14.7% |
| Financial debts | 170/4 | €260,872 | €222,022 | -€38,850 | -14.9% |
| Other amounts payable | 178/9 | €3,013 | €3,013 | = | 0.0% |
| Amounts payable within one year | 42/48 | €873,546 | €1,010,114 | +€136,567 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €226,255 | €200,506 | -€25,749 | -11.4% |
| Financial debts | 43 | €0 | €13,496 | +€13,496 | |
| Credit institutions | 430/8 | €0 | €13,496 | +€13,496 | |
| Trade debts | 44 | €298,315 | €376,481 | +€78,166 | +26.2% |
| Suppliers | 440/4 | €298,315 | €376,481 | +€78,166 | +26.2% |
| Taxes, remuneration and social security | 45 | €203,529 | €196,195 | -€7,334 | -3.6% |
| Taxes | 450/3 | €116,965 | €91,726 | -€25,238 | -21.6% |
| Remuneration and social security | 454/9 | €86,564 | €104,469 | +€17,904 | +20.7% |
| Other amounts payable | 47/48 | €145,447 | €223,435 | +€77,988 | +53.6% |
| Accrued charges and deferred income | 492/3 | €843 | €37 | -€806 | -95.6% |
| Remuneration, social security and pensions | 62 | €608,142 | €643,886 | +€35,744 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,174 | €92,821 | +€13,647 | +17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,778 | €5,309 | -€1,469 | -21.7% |
| Other operating charges | 640/8 | €36,392 | €37,650 | +€1,259 | +3.5% |
| Gross operating margin | 9900 | €1,052,099 | €960,196 | -€91,904 | -8.7% |
| Operating profit (loss) | 9901 | €321,614 | €180,530 | -€141,084 | -43.9% |
| Financial income | 75/76B | €35,529 | €45,120 | +€9,591 | +27.0% |
| Recurring financial income | 75 | €35,529 | €45,120 | +€9,591 | +27.0% |
| Financial charges | 65/66B | €26,769 | €25,202 | -€1,568 | -5.9% |
| Recurring financial charges | 65 | €26,769 | €25,202 | -€1,568 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €330,374 | €200,448 | -€129,926 | -39.3% |
| Income taxes | 67/77 | €93,199 | €62,587 | -€30,613 | -32.8% |
| Profit (loss) for the period | 9904 | €237,175 | €137,862 | -€99,313 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €237,175 | €137,862 | -€99,313 | -41.9% |
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 20 October 2026 via checked.be.