PET&HAS: 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.
PET&HAS
Largest movements
- Receivables within one year +€24,546
up €24,546 (+49.8%), from €49,278 to €73,824
of which Trade receivables: +€18,890
- Stocks and contracts -€11,113
down €11,113 (-15.7%), from €70,967 to €59,855
- Cash -€3,060
down €3,060 (-40.3%), from €7,588 to €4,528
mainly Other debts (-€58,976) and Trade debts (-€38,047)
- Provisions +€61,594
new in 2026: €61,594
- Other debts -€58,976
down €58,976 (-76.2%), from €77,376 to €18,400
- Trade debts -€38,047
down €38,047 (-48.0%), from €79,237 to €41,189
- Reserves +€30,000
new in 2026: €30,000
- Tax, wage and social debts +€12,293
up €12,293 (+133%), from €9,257 to €21,549
of which Taxes: +€13,766
- Gross operating margin +€81,716
up €81,716 (+168%), from €48,675 to €130,391
- Taxes +€21,385
up €21,385 (+382%), from €5,597 to €26,982
- Staff costs -€15,546
no longer reported in 2026 (was €15,546)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,718 | €205,810 | +€11,093 | +5.7% |
| Fixed assets | 21/28 | €66,885 | €67,604 | +€719 | +1.1% |
| Tangible fixed assets | 22/27 | €51,898 | €52,617 | +€719 | +1.4% |
| Plant, machinery and equipment | 23 | €51,898 | €52,617 | +€719 | +1.4% |
| Financial fixed assets | 28 | €14,987 | €14,987 | = | 0.0% |
| Current assets | 29/58 | €127,833 | €138,207 | +€10,374 | +8.1% |
| Stocks and contracts in progress | 3 | €70,967 | €59,855 | -€11,113 | -15.7% |
| Stocks | 30/36 | €70,967 | €59,855 | -€11,113 | -15.7% |
| Amounts receivable within one year | 40/41 | €49,278 | €73,824 | +€24,546 | +49.8% |
| Trade receivables | 40 | €46,648 | €65,538 | +€18,890 | +40.5% |
| Other amounts receivable | 41 | €2,630 | €8,286 | +€5,656 | +215% |
| Cash at bank and in hand | 54/58 | €7,588 | €4,528 | -€3,060 | -40.3% |
| Total equity and liabilities | 10/49 | €194,718 | €205,810 | +€11,093 | +5.7% |
| Equity | 10/15 | €26,501 | €60,552 | +€34,050 | +128% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €7,901 | €11,952 | +€4,050 | +51.3% |
| Provisions and deferred taxes | 16 | - | €61,594 | +€61,594 | |
| Provisions for liabilities and charges | 160/5 | - | €61,594 | +€61,594 | |
| Other liabilities and charges | 164/5 | - | €61,594 | +€61,594 | |
| Amounts payable | 17/49 | €168,216 | €83,664 | -€84,552 | -50.3% |
| Amounts payable within one year | 42/48 | €165,869 | €81,138 | -€84,730 | -51.1% |
| Trade debts | 44 | €79,237 | €41,189 | -€38,047 | -48.0% |
| Suppliers | 440/4 | €79,237 | €41,189 | -€38,047 | -48.0% |
| Taxes, remuneration and social security | 45 | €9,257 | €21,549 | +€12,293 | +133% |
| Taxes | 450/3 | €5,597 | €19,363 | +€13,766 | +246% |
| Remuneration and social security | 454/9 | €3,659 | €2,186 | -€1,473 | -40.3% |
| Other amounts payable | 47/48 | €77,376 | €18,400 | -€58,976 | -76.2% |
| Accrued charges and deferred income | 492/3 | €2,347 | €2,526 | +€179 | +7.6% |
| Remuneration, social security and pensions | 62 | €15,546 | - | -€15,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,221 | €6,586 | +€365 | +5.9% |
| Other operating charges | 640/8 | €1,005 | €849 | -€156 | -15.5% |
| Non-recurring operating charges | 66A | - | €61,594 | +€61,594 | |
| Gross operating margin | 9900 | €48,675 | €130,391 | +€81,716 | +168% |
| Operating profit (loss) | 9901 | €25,904 | €61,362 | +€35,458 | +137% |
| Financial income | 75/76B | €20 | €67 | +€47 | +238% |
| Recurring financial income | 75 | €20 | €67 | +€47 | +238% |
| Financial charges | 65/66B | €305 | €396 | +€91 | +29.8% |
| Recurring financial charges | 65 | €305 | €396 | +€91 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €25,619 | €61,033 | +€35,414 | +138% |
| Income taxes | 67/77 | €5,597 | €26,982 | +€21,385 | +382% |
| Profit (loss) for the period | 9904 | €20,022 | €34,050 | +€14,029 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,022 | €34,050 | +€14,029 | +70.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.