PETE: 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.
PETE
Largest movements
- Receivables within one year -€43,251
down €43,251 (-77.7%), from €55,645 to €12,394
- Tangible fixed assets -€14,500
down €14,500 (-3.8%), from €383,437 to €368,937
of which Land and buildings: -€14,291
- Other debts -€73,816
down €73,816 (-42.6%), from €173,367 to €99,550
- Reserves +€40,806
up €40,806 (+63.9%), from €63,897 to €104,704
of which Distributable reserves: +€40,806
- Debts after one year -€15,044
down €15,044 (-17.5%), from €85,852 to €70,807
- Tax, wage and social debts -€10,703
down €10,703 (-40.8%), from €26,215 to €15,512
- Gross operating margin +€26,227
up €26,227 (+46.6%), from €56,270 to €82,497
- Taxes +€8,092
up €8,092 (+64.4%), from €12,571 to €20,664
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 | €443,407 | €385,918 | -€57,489 | -13.0% |
| Fixed assets | 21/28 | €383,437 | €368,937 | -€14,500 | -3.8% |
| Tangible fixed assets | 22/27 | €383,437 | €368,937 | -€14,500 | -3.8% |
| Land and buildings | 22 | €381,741 | €367,450 | -€14,291 | -3.7% |
| Plant, machinery and equipment | 23 | €1,696 | €1,488 | -€209 | -12.3% |
| Current assets | 29/58 | €59,970 | €16,980 | -€42,989 | -71.7% |
| Amounts receivable within one year | 40/41 | €55,645 | €12,394 | -€43,251 | -77.7% |
| Trade receivables | 40 | €55,645 | €12,394 | -€43,251 | -77.7% |
| Cash at bank and in hand | 54/58 | €2,545 | €3,888 | +€1,343 | +52.8% |
| Deferred charges and accrued income | 490/1 | €1,780 | €699 | -€1,081 | -60.7% |
| Total equity and liabilities | 10/49 | €443,407 | €385,918 | -€57,489 | -13.0% |
| Equity | 10/15 | €128,897 | €169,704 | +€40,806 | +31.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €63,897 | €104,704 | +€40,806 | +63.9% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €57,397 | €98,204 | +€40,806 | +71.1% |
| Amounts payable | 17/49 | €314,509 | €216,214 | -€98,295 | -31.3% |
| Amounts payable after more than one year | 17 | €85,852 | €70,807 | -€15,044 | -17.5% |
| Financial debts | 170/4 | €85,852 | €70,807 | -€15,044 | -17.5% |
| Amounts payable within one year | 42/48 | €228,658 | €145,407 | -€83,251 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €14,801 | €15,044 | +€243 | +1.6% |
| Trade debts | 44 | €14,274 | €15,300 | +€1,026 | +7.2% |
| Suppliers | 440/4 | €14,274 | €15,300 | +€1,026 | +7.2% |
| Taxes, remuneration and social security | 45 | €26,215 | €15,512 | -€10,703 | -40.8% |
| Taxes | 450/3 | €26,215 | €15,512 | -€10,703 | -40.8% |
| Other amounts payable | 47/48 | €173,367 | €99,550 | -€73,816 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,500 | €14,500 | = | 0.0% |
| Other operating charges | 640/8 | €4,852 | €4,300 | -€552 | -11.4% |
| Gross operating margin | 9900 | €56,270 | €82,497 | +€26,227 | +46.6% |
| Operating profit (loss) | 9901 | €36,918 | €63,698 | +€26,779 | +72.5% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €2,936 | €2,272 | -€664 | -22.6% |
| Recurring financial charges | 65 | €2,936 | €2,272 | -€664 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €33,982 | €61,470 | +€27,487 | +80.9% |
| Income taxes | 67/77 | €12,571 | €20,664 | +€8,092 | +64.4% |
| Profit (loss) for the period | 9904 | €21,411 | €40,806 | +€19,395 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,411 | €40,806 | +€19,395 | +90.6% |
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 7 October 2026 via checked.be.