P.E.T. LOGISTICS: 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.
P.E.T. LOGISTICS
Largest movements
- Receivables within one year -€844,876
down €844,876 (-52.8%), from €1.6m to €754,769
of which Trade receivables: -€974,866
- Intangible fixed assets -€180,007
no longer reported in 2024 (was €180,007)
- Tangible fixed assets -€114,768
no longer reported in 2024 (was €114,768)
- Financial fixed assets -€25,000
no longer reported in 2024 (was €25,000)
- Cash -€23,573
down €23,573 (-91.4%), from €25,794 to €2,221
mainly Trade debts (-€596,570) and Other debts (-€323,993)
- Trade debts -€596,570
down €596,570 (-74.4%), from €801,391 to €204,821
- Other debts -€323,993
no longer reported in 2024 (was €323,993)
- Profit (loss) carried forward -€263,311
down €263,311 (-35.3%), from €746,282 to €482,971
- Gross operating margin -€122,988
down €122,988 (-384.5%), from -€31,985 to -€154,973
- Staff costs -€23,998
no longer reported in 2024 (was €23,998)
- Depreciation -€9,650
down €9,650 (-30.4%), from €31,721 to €22,071
- Financial income +€3,468
up €3,468 (+27.0%), from €12,860 to €16,328
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,988,706 | €815,205 | -€1.2m | -59.0% |
| Fixed assets | 21/28 | €319,775 | - | -€319,775 | |
| Intangible fixed assets | 21 | €180,007 | - | -€180,007 | |
| Tangible fixed assets | 22/27 | €114,768 | - | -€114,768 | |
| Furniture and vehicles | 24 | €114,768 | - | -€114,768 | |
| Financial fixed assets | 28 | €25,000 | - | -€25,000 | |
| Current assets | 29/58 | €1,668,931 | €815,205 | -€853,726 | -51.2% |
| Stocks and contracts in progress | 3 | €23,256 | €23,256 | = | 0.0% |
| Stocks | 30/36 | €23,256 | €23,256 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,599,645 | €754,769 | -€844,876 | -52.8% |
| Trade receivables | 40 | €1,288,895 | €314,029 | -€974,866 | -75.6% |
| Other amounts receivable | 41 | €310,750 | €440,740 | +€129,990 | +41.8% |
| Cash at bank and in hand | 54/58 | €25,794 | €2,221 | -€23,573 | -91.4% |
| Deferred charges and accrued income | 490/1 | €20,235 | €34,958 | +€14,723 | +72.8% |
| Total equity and liabilities | 10/49 | €1,988,706 | €815,205 | -€1.2m | -59.0% |
| Equity | 10/15 | €850,376 | €587,065 | -€263,311 | -31.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €42,594 | €42,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €36,444 | €36,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | €746,282 | €482,971 | -€263,311 | -35.3% |
| Provisions and deferred taxes | 16 | €8,598 | €600 | -€7,998 | -93.0% |
| Provisions for liabilities and charges | 160/5 | €8,598 | €600 | -€7,998 | -93.0% |
| Environmental obligations | 163 | €8,598 | €600 | -€7,998 | -93.0% |
| Amounts payable | 17/49 | €1,129,733 | €227,540 | -€902,192 | -79.9% |
| Amounts payable within one year | 42/48 | €1,125,384 | €220,692 | -€904,692 | -80.4% |
| Financial debts | 43 | - | €15,871 | +€15,871 | |
| Credit institutions | 430/8 | - | €15,871 | +€15,871 | |
| Trade debts | 44 | €801,391 | €204,821 | -€596,570 | -74.4% |
| Suppliers | 440/4 | €801,391 | €204,821 | -€596,570 | -74.4% |
| Other amounts payable | 47/48 | €323,993 | - | -€323,993 | |
| Accrued charges and deferred income | 492/3 | €4,349 | €6,848 | +€2,500 | +57.5% |
| Remuneration, social security and pensions | 62 | €23,998 | - | -€23,998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,721 | €22,071 | -€9,650 | -30.4% |
| Other operating charges | 640/8 | €1,001 | €1,176 | +€174 | +17.4% |
| Non-recurring operating charges | 66A | €1,872 | €98,511 | +€96,638 | +5161.3% |
| Gross operating margin | 9900 | -€31,985 | -€154,973 | -€122,988 | -384.5% |
| Operating profit (loss) | 9901 | -€90,578 | -€276,730 | -€186,152 | -205.5% |
| Financial income | 75/76B | €12,860 | €16,328 | +€3,468 | +27.0% |
| Recurring financial income | 75 | €12,860 | €16,328 | +€3,468 | +27.0% |
| Financial charges | 65/66B | €2,370 | €2,909 | +€539 | +22.7% |
| Recurring financial charges | 65 | €2,370 | €2,909 | +€539 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€80,088 | -€263,311 | -€183,223 | -228.8% |
| Profit (loss) for the period | 9904 | -€80,088 | -€263,311 | -€183,223 | -228.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,088 | -€263,311 | -€183,223 | -228.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.