Petac: 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.
Petac
Largest movements
- Cash +€32,803
up €32,803 (+24.3%), from €135,124 to €167,927
mainly Net result for the year (+€45,833) and Stocks and contracts (+€31,360)
- Stocks and contracts -€31,360
down €31,360 (-13.6%), from €230,739 to €199,380
- Tangible fixed assets -€15,576
down €15,576 (-26.4%), from €59,083 to €43,507
of which Furniture and vehicles: -€8,548
- Reserves +€45,833
up €45,833 (+15.9%), from €288,492 to €334,325
- Trade debts -€31,091
down €31,091 (-18.3%), from €170,047 to €138,956
- Debts after one year -€14,484
down €14,484 (-37.4%), from €38,693 to €24,209
- Advances received -€12,091
down €12,091 (-100%), from €12,091 to €0
- Gross operating margin -€146,258
down €146,258 (-33.3%), from €438,783 to €292,525
- Staff costs -€33,647
down €33,647 (-15.1%), from €222,177 to €188,530
- Taxes -€33,005
down €33,005 (-63.5%), from €51,977 to €18,973
- Financial charges +€10,338
up €10,338 (+106%), from €9,775 to €20,113
- Depreciation +€4,467
up €4,467 (+36.1%), from €12,380 to €16,848
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 | €761,625 | €739,914 | -€21,711 | -2.9% |
| Fixed assets | 21/28 | €61,461 | €43,507 | -€17,954 | -29.2% |
| Tangible fixed assets | 22/27 | €59,083 | €43,507 | -€15,576 | -26.4% |
| Plant, machinery and equipment | 23 | €2,845 | €1,944 | -€901 | -31.7% |
| Furniture and vehicles | 24 | €40,912 | €32,364 | -€8,548 | -20.9% |
| Leasing and similar rights | 25 | €15,326 | €9,199 | -€6,127 | -40.0% |
| Financial fixed assets | 28 | €2,379 | €0 | -€2,379 | -100% |
| Current assets | 29/58 | €700,164 | €696,407 | -€3,757 | -0.5% |
| Stocks and contracts in progress | 3 | €230,739 | €199,380 | -€31,360 | -13.6% |
| Stocks | 30/36 | €230,739 | €199,380 | -€31,360 | -13.6% |
| Amounts receivable within one year | 40/41 | €324,352 | €323,053 | -€1,299 | -0.4% |
| Trade receivables | 40 | €323,490 | €286,028 | -€37,462 | -11.6% |
| Other amounts receivable | 41 | €862 | €37,025 | +€36,163 | +4,194% |
| Cash at bank and in hand | 54/58 | €135,124 | €167,927 | +€32,803 | +24.3% |
| Deferred charges and accrued income | 490/1 | €9,948 | €6,047 | -€3,901 | -39.2% |
| Total equity and liabilities | 10/49 | €761,625 | €739,914 | -€21,711 | -2.9% |
| Equity | 10/15 | €308,492 | €354,325 | +€45,833 | +14.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €288,492 | €334,325 | +€45,833 | +15.9% |
| Distributable reserves | 133 | €288,492 | €334,325 | +€45,833 | +15.9% |
| Amounts payable | 17/49 | €453,133 | €385,589 | -€67,544 | -14.9% |
| Amounts payable after more than one year | 17 | €38,693 | €24,209 | -€14,484 | -37.4% |
| Financial debts | 170/4 | €38,693 | €24,209 | -€14,484 | -37.4% |
| Amounts payable within one year | 42/48 | €414,440 | €361,380 | -€53,060 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €13,881 | €14,484 | +€603 | +4.3% |
| Financial debts | 43 | €106,767 | €100,000 | -€6,767 | -6.3% |
| Credit institutions | 430/8 | €106,767 | €100,000 | -€6,767 | -6.3% |
| Trade debts | 44 | €170,047 | €138,956 | -€31,091 | -18.3% |
| Suppliers | 440/4 | €170,047 | €138,956 | -€31,091 | -18.3% |
| Advances received on contracts in progress | 46 | €12,091 | €0 | -€12,091 | -100% |
| Taxes, remuneration and social security | 45 | €41,654 | €37,940 | -€3,714 | -8.9% |
| Taxes | 450/3 | €25,218 | €22,109 | -€3,108 | -12.3% |
| Remuneration and social security | 454/9 | €16,436 | €15,831 | -€606 | -3.7% |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €222,177 | €188,530 | -€33,647 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,380 | €16,848 | +€4,467 | +36.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,122 | +€1,122 | |
| Other operating charges | 640/8 | €2,182 | €1,656 | -€526 | -24.1% |
| Gross operating margin | 9900 | €438,783 | €292,525 | -€146,258 | -33.3% |
| Operating profit (loss) | 9901 | €202,044 | €84,370 | -€117,674 | -58.2% |
| Financial income | 75/76B | €4,661 | €549 | -€4,112 | -88.2% |
| Recurring financial income | 75 | €4,661 | €549 | -€4,112 | -88.2% |
| Financial charges | 65/66B | €9,775 | €20,113 | +€10,338 | +106% |
| Recurring financial charges | 65 | €9,775 | €20,113 | +€10,338 | +106% |
| Profit (loss) for the period before taxes | 9903 | €196,930 | €64,806 | -€132,124 | -67.1% |
| Income taxes | 67/77 | €51,977 | €18,973 | -€33,005 | -63.5% |
| Profit (loss) for the period | 9904 | €144,953 | €45,833 | -€99,120 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,953 | €45,833 | -€99,120 | -68.4% |
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 13 October 2026 via checked.be.