VERVIERS 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.
VERVIERS PNEUS
Largest movements
- Current investments +€3.5m
up €3.5m (+53.8%), from €6.5m to €10.0m
- Deferred charges and accrued income -€1.9m
down €1.9m (-99.2%), from €1.9m to €15,214
- Cash -€1.8m
down €1.8m (-11.8%), from €15.3m to €13.5m
mainly Current investments (-€3.5m) and Tax, wage and social debts (-€866,006)
- Profit (loss) carried forward +€1.3m
up €1.3m (+11.6%), from €11.6m to €12.9m
- Tax, wage and social debts -€866,006
no longer reported in 2025 (was €866,006)
- Reserves -€818,568
down €818,568 (-7.1%), from €11.5m to €10.7m
of which Tax-exempt reserves: -€818,568
- Financial income -€690,556
down €690,556 (-51.3%), from €1.3m to €655,508
- Other operating charges -€255,535
down €255,535 (-86.0%), from €297,138 to €41,603
- Gross operating margin -€208,234
down €208,234 (-37.1%), from €560,656 to €352,422
- Taxes -€135,106
down €135,106 (-42.7%), from €316,740 to €181,633
- Financial charges -€62,785
down €62,785 (-64.6%), from €97,145 to €34,360
of which Non-recurring financial charges: -€42,645
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 | €27,862,303 | €27,348,847 | -€513,456 | -1.8% |
| Fixed assets | 21/28 | €3,465,690 | €3,282,670 | -€183,021 | -5.3% |
| Tangible fixed assets | 22/27 | €3,465,690 | €3,282,670 | -€183,021 | -5.3% |
| Land and buildings | 22 | €1,466,347 | €1,466,347 | = | 0.0% |
| Leasing and similar rights | 25 | €1,999,343 | €1,816,323 | -€183,021 | -9.2% |
| Current assets | 29/58 | €24,396,613 | €24,066,177 | -€330,436 | -1.4% |
| Amounts receivable within one year | 40/41 | €664,570 | €553,813 | -€110,758 | -16.7% |
| Trade receivables | 40 | €132,840 | €147,529 | +€14,689 | +11.1% |
| Other amounts receivable | 41 | €531,730 | €406,284 | -€125,447 | -23.6% |
| Current investments | 50/53 | €6,500,000 | €10,000,000 | +€3.5m | +53.8% |
| Cash at bank and in hand | 54/58 | €15,298,070 | €13,497,151 | -€1.8m | -11.8% |
| Deferred charges and accrued income | 490/1 | €1,933,973 | €15,214 | -€1.9m | -99.2% |
| Total equity and liabilities | 10/49 | €27,862,303 | €27,348,847 | -€513,456 | -1.8% |
| Equity | 10/15 | €23,480,915 | €24,006,568 | +€525,652 | +2.2% |
| Contributions | 10/11 | €370,275 | €370,275 | = | 0.0% |
| Capital | 10 | €370,275 | €370,275 | = | 0.0% |
| Issued capital | 100 | €370,275 | €370,275 | = | 0.0% |
| Reserves | 13 | €11,548,222 | €10,729,654 | -€818,568 | -7.1% |
| Non-distributable reserves | 130/1 | €37,027 | €37,027 | = | 0.0% |
| Legal reserve | 130 | €37,027 | €37,027 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,534,724 | €9,716,156 | -€818,568 | -7.8% |
| Distributable reserves | 133 | €976,470 | €976,470 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,562,419 | €12,906,639 | +€1.3m | +11.6% |
| Provisions and deferred taxes | 16 | €2,866,218 | €2,859,819 | -€6,399 | -0.2% |
| Deferred taxes | 168 | €2,866,218 | €2,859,819 | -€6,399 | -0.2% |
| Amounts payable | 17/49 | €1,515,170 | €482,460 | -€1.0m | -68.2% |
| Amounts payable after more than one year | 17 | €391,201 | €373,070 | -€18,131 | -4.6% |
| Financial debts | 170/4 | €391,201 | €373,070 | -€18,131 | -4.6% |
| Amounts payable within one year | 42/48 | €1,118,555 | €102,177 | -€1.0m | -90.9% |
| Current portion of amounts payable after more than one year | 42 | €24,175 | €18,131 | -€6,044 | -25.0% |
| Trade debts | 44 | €65,263 | €80,100 | +€14,837 | +22.7% |
| Suppliers | 440/4 | €65,263 | €80,100 | +€14,837 | +22.7% |
| Taxes, remuneration and social security | 45 | €866,006 | - | -€866,006 | |
| Taxes | 450/3 | €866,006 | - | -€866,006 | |
| Other amounts payable | 47/48 | €163,111 | €3,945 | -€159,166 | -97.6% |
| Accrued charges and deferred income | 492/3 | €5,414 | €7,214 | +€1,800 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,958 | €231,081 | +€6,123 | +2.7% |
| Other operating charges | 640/8 | €297,138 | €41,603 | -€255,535 | -86.0% |
| Gross operating margin | 9900 | €560,656 | €352,422 | -€208,234 | -37.1% |
| Operating profit (loss) | 9901 | €38,560 | €79,739 | +€41,178 | +107% |
| Financial income | 75/76B | €1,346,064 | €655,508 | -€690,556 | -51.3% |
| Recurring financial income | 75 | €1,346,064 | €655,508 | -€690,556 | -51.3% |
| Financial charges | 65/66B | €97,145 | €34,360 | -€62,785 | -64.6% |
| Recurring financial charges | 65 | €54,500 | €34,360 | -€20,140 | -37.0% |
| Non-recurring financial charges | 66B | €42,645 | - | -€42,645 | |
| Profit (loss) for the period before taxes | 9903 | €1,287,479 | €700,887 | -€586,592 | -45.6% |
| Transfer from deferred taxes | 780 | €5,371 | €6,399 | +€1,027 | +19.1% |
| Income taxes | 67/77 | €316,740 | €181,633 | -€135,106 | -42.7% |
| Profit (loss) for the period | 9904 | €976,111 | €525,652 | -€450,458 | -46.1% |
| Transfer from tax-exempt reserves | 789 | €51,292 | €818,568 | +€767,276 | +1,496% |
| Transfer to tax-exempt reserves | 689 | €505,200 | - | -€505,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €522,203 | €1,344,220 | +€822,017 | +157% |
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 31 October 2026 via checked.be.