Petcu: 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.
Petcu
Largest movements
- Tangible fixed assets +€197,390
up €197,390 (+40.8%), from €484,057 to €681,447
of which Other tangible fixed assets: +€190,428
- Receivables within one year -€31,811
down €31,811 (-77.5%), from €41,035 to €9,224
of which Other amounts receivable: -€30,784
- Intangible fixed assets -€28,571
down €28,571 (-57.2%), from €49,972 to €21,401
- Deferred charges and accrued income -€13,385
down €13,385 (-33.4%), from €40,075 to €26,690
- Cash -€10,113
down €10,113 (-7.8%), from €129,119 to €119,006
mainly Investment in fixed assets (net) (-€275,904) and Contributions, distributions and other (-€100,000)
- Debts after one year +€190,038
up €190,038 (+72.8%), from €261,075 to €451,113
- Other debts -€92,926
down €92,926 (-53.4%), from €173,957 to €81,031
- Tax, wage and social debts +€14,801
up €14,801 (+7452.9%), from €199 to €15,000
- Gross operating margin -€47,134
down €47,134 (-15.9%), from €296,387 to €249,253
- Depreciation +€30,235
up €30,235 (+39.3%), from €76,851 to €107,086
- Taxes -€19,442
down €19,442 (-38.7%), from €50,245 to €30,803
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €744,407 | €857,916 | +€113,509 | +15.2% |
| Fixed assets | 21/28 | €534,178 | €702,996 | +€168,818 | +31.6% |
| Intangible fixed assets | 21 | €49,972 | €21,401 | -€28,571 | -57.2% |
| Tangible fixed assets | 22/27 | €484,057 | €681,447 | +€197,390 | +40.8% |
| Land and buildings | 22 | €31,360 | €68,110 | +€36,750 | +117.2% |
| Furniture and vehicles | 24 | €81,043 | €51,255 | -€29,788 | -36.8% |
| Other tangible fixed assets | 26 | €371,654 | €562,082 | +€190,428 | +51.2% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €210,229 | €154,920 | -€55,309 | -26.3% |
| Amounts receivable within one year | 40/41 | €41,035 | €9,224 | -€31,811 | -77.5% |
| Trade receivables | 40 | €1,027 | - | -€1,027 | |
| Other amounts receivable | 41 | €40,008 | €9,224 | -€30,784 | -76.9% |
| Cash at bank and in hand | 54/58 | €129,119 | €119,006 | -€10,113 | -7.8% |
| Deferred charges and accrued income | 490/1 | €40,075 | €26,690 | -€13,385 | -33.4% |
| Total equity and liabilities | 10/49 | €744,407 | €857,916 | +€113,509 | +15.2% |
| Equity | 10/15 | €250,535 | €251,056 | +€521 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €230,535 | €230,535 | = | 0.0% |
| Distributable reserves | 133 | €230,535 | €230,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €521 | +€521 | |
| Amounts payable | 17/49 | €493,872 | €606,860 | +€112,988 | +22.9% |
| Amounts payable after more than one year | 17 | €261,075 | €451,113 | +€190,038 | +72.8% |
| Financial debts | 170/4 | €261,075 | €451,113 | +€190,038 | +72.8% |
| Amounts payable within one year | 42/48 | €229,778 | €152,730 | -€77,048 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €53,518 | €54,870 | +€1,352 | +2.5% |
| Trade debts | 44 | €2,104 | €1,829 | -€275 | -13.1% |
| Suppliers | 440/4 | €2,104 | €1,829 | -€275 | -13.1% |
| Taxes, remuneration and social security | 45 | €199 | €15,000 | +€14,801 | +7452.9% |
| Taxes | 450/3 | €199 | €15,000 | +€14,801 | +7452.9% |
| Other amounts payable | 47/48 | €173,957 | €81,031 | -€92,926 | -53.4% |
| Accrued charges and deferred income | 492/3 | €3,019 | €3,017 | -€2 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,851 | €107,086 | +€30,235 | +39.3% |
| Other operating charges | 640/8 | €2,426 | €2,824 | +€398 | +16.4% |
| Gross operating margin | 9900 | €296,387 | €249,253 | -€47,134 | -15.9% |
| Operating profit (loss) | 9901 | €217,110 | €139,343 | -€77,767 | -35.8% |
| Financial income | 75/76B | €773 | €89 | -€684 | -88.5% |
| Recurring financial income | 75 | €773 | €89 | -€684 | -88.5% |
| Financial charges | 65/66B | €9,028 | €8,108 | -€920 | -10.2% |
| Recurring financial charges | 65 | €9,028 | €8,108 | -€920 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €208,855 | €131,324 | -€77,531 | -37.1% |
| Income taxes | 67/77 | €50,245 | €30,803 | -€19,442 | -38.7% |
| Profit (loss) for the period | 9904 | €158,610 | €100,521 | -€58,089 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €158,610 | €100,521 | -€58,089 | -36.6% |
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 6 October 2026 via checked.be.