LA PETITE VACHE: 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.
LA PETITE VACHE
Largest movements
- Tangible fixed assets -€16,557
down €16,557 (-25.5%), from €64,889 to €48,332
of which Plant, machinery and equipment: -€13,960
- Receivables within one year +€7,978
up €7,978 (+8.0%), from €99,972 to €107,950
of which Trade receivables: +€7,322
- Cash -€7,583
down €7,583 (-17.7%), from €42,947 to €35,364
mainly Trade debts (-€68,903) and Contributions, distributions and other (-€11,765)
- Trade debts -€68,903
down €68,903 (-95.9%), from €71,818 to €2,914
- Profit (loss) carried forward +€32,380
up €32,380 (+73.5%), from €44,065 to €76,444
- Tax, wage and social debts +€19,109
up €19,109 (+46.4%), from €41,143 to €60,252
of which Taxes: +€21,173
- Other debts +€11,765
up €11,765 (+4,426%), from €266 to €12,030
- Current portion of long-term debt -€10,512
down €10,512 (-24.3%), from €43,214 to €32,702
- Gross operating margin +€73,376
up €73,376 (+53.0%), from €138,433 to €211,809
- Staff costs +€19,437
up €19,437 (+17.4%), from €111,659 to €131,096
- Taxes +€13,401
up €13,401 (+342%), from €3,920 to €17,321
- Other operating charges -€11,108
down €11,108 (-84.2%), from €13,187 to €2,080
- Depreciation +€6,405
up €6,405 (+63.1%), from €10,152 to €16,557
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 | €234,429 | €218,267 | -€16,162 | -6.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €64,889 | €48,332 | -€16,557 | -25.5% |
| Tangible fixed assets | 22/27 | €64,889 | €48,332 | -€16,557 | -25.5% |
| Plant, machinery and equipment | 23 | €55,761 | €41,800 | -€13,960 | -25.0% |
| Furniture and vehicles | 24 | €5,586 | €3,699 | -€1,887 | -33.8% |
| Other tangible fixed assets | 26 | €3,542 | €2,832 | -€710 | -20.0% |
| Current assets | 29/58 | €169,540 | €169,935 | +€395 | +0.2% |
| Amounts receivable after more than one year | 29 | €5,073 | €5,073 | = | 0.0% |
| Trade receivables | 290 | - | €5,073 | +€5,073 | |
| Other amounts receivable | 291 | €5,073 | - | -€5,073 | |
| Stocks and contracts in progress | 3 | €21,548 | €21,548 | = | 0.0% |
| Stocks | 30/36 | €21,548 | €21,548 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €99,972 | €107,950 | +€7,978 | +8.0% |
| Trade receivables | 40 | €66,116 | €73,439 | +€7,322 | +11.1% |
| Other amounts receivable | 41 | €33,855 | €34,511 | +€656 | +1.9% |
| Cash at bank and in hand | 54/58 | €42,947 | €35,364 | -€7,583 | -17.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €234,429 | €218,267 | -€16,162 | -6.9% |
| Equity | 10/15 | €77,988 | €110,368 | +€32,380 | +41.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €23,923 | €23,923 | = | 0.0% |
| Distributable reserves | 133 | €23,923 | €23,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,065 | €76,444 | +€32,380 | +73.5% |
| Amounts payable | 17/49 | €156,441 | €107,899 | -€48,542 | -31.0% |
| Amounts payable within one year | 42/48 | €156,441 | €107,899 | -€48,542 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €43,214 | €32,702 | -€10,512 | -24.3% |
| Trade debts | 44 | €71,818 | €2,914 | -€68,903 | -95.9% |
| Suppliers | 440/4 | €71,818 | €2,914 | -€68,903 | -95.9% |
| Taxes, remuneration and social security | 45 | €41,143 | €60,252 | +€19,109 | +46.4% |
| Taxes | 450/3 | €12,044 | €33,217 | +€21,173 | +176% |
| Remuneration and social security | 454/9 | €29,099 | €27,035 | -€2,064 | -7.1% |
| Other amounts payable | 47/48 | €266 | €12,030 | +€11,765 | +4,426% |
| Remuneration, social security and pensions | 62 | €111,659 | €131,096 | +€19,437 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,152 | €16,557 | +€6,405 | +63.1% |
| Other operating charges | 640/8 | €13,187 | €2,080 | -€11,108 | -84.2% |
| Gross operating margin | 9900 | €138,433 | €211,809 | +€73,376 | +53.0% |
| Operating profit (loss) | 9901 | €3,435 | €62,077 | +€58,642 | +1,707% |
| Financial income | 75/76B | €455 | €650 | +€195 | +42.9% |
| Recurring financial income | 75 | €455 | €650 | +€195 | +42.9% |
| Financial charges | 65/66B | €1,191 | €1,261 | +€70 | +5.9% |
| Recurring financial charges | 65 | €1,191 | €1,261 | +€70 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €2,698 | €61,466 | +€58,767 | +2,178% |
| Income taxes | 67/77 | €3,920 | €17,321 | +€13,401 | +342% |
| Profit (loss) for the period | 9904 | -€1,222 | €44,144 | +€45,366 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,222 | €44,144 | +€45,366 |
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 25 October 2026 via checked.be.