PETEAU: 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.
PETEAU
Largest movements
- Tangible fixed assets -€42,761
down €42,761 (-10.2%), from €417,840 to €375,079
of which Plant, machinery and equipment: -€28,460
- Cash -€38,400
down €38,400 (-14.4%), from €266,205 to €227,806
mainly Debts after one year (-€86,268) and Investment in fixed assets (net) (-€38,127)
- Debts after one year -€86,268
down €86,268 (-28.2%), from €306,015 to €219,748
- Trade debts +€41,910
up €41,910 (+9.5%), from €441,511 to €483,422
of which Suppliers: +€47,357
- Reserves +€39,393
up €39,393 (+19.8%), from €198,826 to €238,219
of which Distributable reserves: +€39,393
- Tax, wage and social debts -€36,019
down €36,019 (-47.8%), from €75,306 to €39,287
of which Remuneration and social security: -€32,442
- Other debts -€21,822
down €21,822 (-98.5%), from €22,144 to €322
- Gross operating margin -€81,647
down €81,647 (-12.1%), from €672,023 to €590,376
- Taxes -€16,145
down €16,145 (-46.1%), from €35,008 to €18,863
- Depreciation -€15,486
down €15,486 (-16.1%), from €96,373 to €80,888
- Staff costs -€7,465
down €7,465 (-1.8%), from €411,650 to €404,185
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 | €1,410,044 | €1,343,683 | -€66,361 | -4.7% |
| Fixed assets | 21/28 | €420,615 | €377,854 | -€42,761 | -10.2% |
| Tangible fixed assets | 22/27 | €417,840 | €375,079 | -€42,761 | -10.2% |
| Land and buildings | 22 | €100,554 | €100,554 | = | 0.0% |
| Plant, machinery and equipment | 23 | €114,251 | €85,791 | -€28,460 | -24.9% |
| Furniture and vehicles | 24 | €48,744 | €62,216 | +€13,472 | +27.6% |
| Leasing and similar rights | 25 | €154,292 | €126,519 | -€27,773 | -18.0% |
| Financial fixed assets | 28 | €2,775 | €2,775 | = | 0.0% |
| Current assets | 29/58 | €989,428 | €965,829 | -€23,600 | -2.4% |
| Stocks and contracts in progress | 3 | €52,162 | €53,662 | +€1,500 | +2.9% |
| Stocks | 30/36 | €52,162 | €53,662 | +€1,500 | +2.9% |
| Amounts receivable within one year | 40/41 | €671,061 | €684,361 | +€13,300 | +2.0% |
| Trade receivables | 40 | €619,855 | €636,058 | +€16,203 | +2.6% |
| Other amounts receivable | 41 | €51,206 | €48,303 | -€2,903 | -5.7% |
| Cash at bank and in hand | 54/58 | €266,205 | €227,806 | -€38,400 | -14.4% |
| Total equity and liabilities | 10/49 | €1,410,044 | €1,343,683 | -€66,361 | -4.7% |
| Equity | 10/15 | €437,152 | €476,546 | +€39,394 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,826 | €238,219 | +€39,393 | +19.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €196,966 | €236,359 | +€39,393 | +20.0% |
| Profit (loss) carried forward | 14 | €219,726 | €219,727 | +€1 | 0.0% |
| Amounts payable | 17/49 | €972,891 | €867,136 | -€105,755 | -10.9% |
| Amounts payable after more than one year | 17 | €306,015 | €219,748 | -€86,268 | -28.2% |
| Financial debts | 170/4 | €306,015 | €219,748 | -€86,268 | -28.2% |
| Amounts payable within one year | 42/48 | €666,876 | €647,389 | -€19,487 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €126,486 | €124,358 | -€2,128 | -1.7% |
| Trade debts | 44 | €441,511 | €483,422 | +€41,910 | +9.5% |
| Suppliers | 440/4 | €434,588 | €481,945 | +€47,357 | +10.9% |
| Bills of exchange payable | 441 | €6,924 | €1,477 | -€5,447 | -78.7% |
| Advances received on contracts in progress | 46 | €1,429 | - | -€1,429 | |
| Taxes, remuneration and social security | 45 | €75,306 | €39,287 | -€36,019 | -47.8% |
| Taxes | 450/3 | €3,707 | €129 | -€3,577 | -96.5% |
| Remuneration and social security | 454/9 | €71,599 | €39,158 | -€32,442 | -45.3% |
| Other amounts payable | 47/48 | €22,144 | €322 | -€21,822 | -98.5% |
| Remuneration, social security and pensions | 62 | €411,650 | €404,185 | -€7,465 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,373 | €80,888 | -€15,486 | -16.1% |
| Other operating charges | 640/8 | €27,457 | €26,181 | -€1,276 | -4.6% |
| Gross operating margin | 9900 | €672,023 | €590,376 | -€81,647 | -12.1% |
| Operating profit (loss) | 9901 | €136,543 | €79,122 | -€57,421 | -42.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €24,268 | €20,865 | -€3,403 | -14.0% |
| Recurring financial charges | 65 | €24,268 | €20,865 | -€3,403 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €112,275 | €58,257 | -€54,018 | -48.1% |
| Income taxes | 67/77 | €35,008 | €18,863 | -€16,145 | -46.1% |
| Profit (loss) for the period | 9904 | €77,267 | €39,394 | -€37,873 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,267 | €39,394 | -€37,873 | -49.0% |
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 8 October 2026 via checked.be.