LUC PETIT: what changed
Two fiscal 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.
What changed
LUC PETIT
NACE 73.300, Public relations and communication consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€238,512
2024 · €319,801-€81,289
Equity
€2.4m
2024 · €2.2m+€238,512
Cash
€390,956
2024 · €394,459-€3,502
Balance sheet total
€2.5m
2024 · €2.3m+€232,669
Largest movements
Assets
- Current investments +€259,903
up €259,903 (+30.8%), from €843,205 to €1.1m
Equity and liabilities
- Reserves +€238,512
up €238,512 (+11.1%), from €2.2m to €2.4m
Income statement
- Gross operating margin -€130,843
down €130,843 (-28.5%), from €459,476 to €328,633
- Taxes -€38,304
down €38,304 (-27.3%), from €140,253 to €101,949
- Financial income +€9,488
up €9,488 (+24.6%), from €38,565 to €48,053
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.
Result 2024
€319,801
Gross operating margin
-€130,843
Depreciation
+€449
Other operating charges
+€357
Financial income
+€9,488
Financial charges
+€956
Taxes
+€38,304
Result 2025
€238,512
Cash bridge derived
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.
From operations
+€278,540
Investment
-€266,510
Financing
-€15,533
Cash 2024
€394,459
From operations (derived)
+€278,540
Net result for the year
+€238,512
Depreciation
+€31,470
Deferred charges and accrued income
-€1,132
Trade debts
+€1,094
Tax, wage and social debts
+€13,414
Other debts
-€3,918
Accrued charges and deferred income
-€900
Investment (derived)
-€266,510
Investment in fixed assets (net)
-€6,607
Current investments
-€259,903
Financing
-€15,533
Debts after one year
-€8,385
Current portion of long-term debt
-€7,148
Cash 2025
€390,956
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,278,249 | €2,510,918 | +€232,669 | +10.2% |
| Fixed assets | 21/28 | €1,033,586 | €1,008,723 | -€24,863 | -2.4% |
| Tangible fixed assets | 22/27 | €103,608 | €78,745 | -€24,863 | -24.0% |
| Furniture and vehicles | 24 | €62,762 | €44,160 | -€18,602 | -29.6% |
| Other tangible fixed assets | 26 | €40,845 | €34,584 | -€6,261 | -15.3% |
| Financial fixed assets | 28 | €929,979 | €929,979 | = | 0.0% |
| Current assets | 29/58 | €1,244,663 | €1,502,195 | +€257,532 | +20.7% |
| Current investments | 50/53 | €843,205 | €1,103,108 | +€259,903 | +30.8% |
| Cash at bank and in hand | 54/58 | €394,459 | €390,956 | -€3,502 | -0.9% |
| Deferred charges and accrued income | 490/1 | €6,999 | €8,131 | +€1,132 | +16.2% |
| Total equity and liabilities | 10/49 | €2,278,249 | €2,510,918 | +€232,669 | +10.2% |
| Equity | 10/15 | €2,166,637 | €2,405,149 | +€238,512 | +11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,154,494 | €2,393,006 | +€238,512 | +11.1% |
| Distributable reserves | 133 | €2,154,494 | €2,393,006 | +€238,512 | +11.1% |
| Profit (loss) carried forward | 14 | €5,943 | €5,943 | = | 0.0% |
| Amounts payable | 17/49 | €111,612 | €105,769 | -€5,843 | -5.2% |
| Amounts payable after more than one year | 17 | €28,791 | €20,406 | -€8,385 | -29.1% |
| Financial debts | 170/4 | €28,791 | €20,406 | -€8,385 | -29.1% |
| Amounts payable within one year | 42/48 | €81,921 | €85,363 | +€3,442 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €16,284 | €9,136 | -€7,148 | -43.9% |
| Trade debts | 44 | €4,578 | €5,671 | +€1,094 | +23.9% |
| Suppliers | 440/4 | €4,578 | €5,671 | +€1,094 | +23.9% |
| Taxes, remuneration and social security | 45 | €57,070 | €70,484 | +€13,414 | +23.5% |
| Taxes | 450/3 | €57,070 | €70,484 | +€13,414 | +23.5% |
| Other amounts payable | 47/48 | €3,989 | €71 | -€3,918 | -98.2% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,919 | €31,470 | -€449 | -1.4% |
| Other operating charges | 640/8 | €2,013 | €1,656 | -€357 | -17.7% |
| Gross operating margin | 9900 | €459,476 | €328,633 | -€130,843 | -28.5% |
| Operating profit (loss) | 9901 | €425,544 | €295,507 | -€130,037 | -30.6% |
| Financial income | 75/76B | €38,565 | €48,053 | +€9,488 | +24.6% |
| Recurring financial income | 75 | €38,565 | €48,053 | +€9,488 | +24.6% |
| Financial charges | 65/66B | €4,055 | €3,099 | -€956 | -23.6% |
| Recurring financial charges | 65 | €4,055 | €3,099 | -€956 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €460,054 | €340,461 | -€119,593 | -26.0% |
| Income taxes | 67/77 | €140,253 | €101,949 | -€38,304 | -27.3% |
| Profit (loss) for the period | 9904 | €319,801 | €238,512 | -€81,289 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €319,801 | €238,512 | -€81,289 | -25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.