Petgamma: 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.
Petgamma
Largest movements
- Receivables within one year +€6.6m
up €6.6m (+320%), from €2.1m to €8.7m
of which Other amounts receivable: +€6.3m
- Cash -€3.8m
down €3.8m (-99.5%), from €3.8m to €19,971
mainly Receivables within one year (-€6.6m) and Trade debts (-€2.0m)
- Stocks and contracts +€1.5m
up €1.5m (+81.6%), from €1.8m to €3.3m
- Deferred charges and accrued income -€627,964
down €627,964 (-49.9%), from €1.3m to €630,079
- Other debts +€2.7m
new in 2025: €2.7m
- Trade debts -€2.0m
down €2.0m (-34.8%), from €5.7m to €3.7m
- Tax, wage and social debts +€1.9m
up €1.9m (+241%), from €802,764 to €2.7m
of which Taxes: +€1.9m
- Reserves +€1.0m
up €1.0m (+41.4%), from €2.4m to €3.4m
of which Distributable reserves: +€1.0m
- Turnover +€2.6m
up €2.6m (+11.8%), from €21.9m to €24.4m
- Goods and materials +€2.5m
up €2.5m (+12.4%), from €20.3m to €22.9m
of which Purchases: +€3.4m
- Other operating income +€727,685
up €727,685 (+26.4%), from €2.8m to €3.5m
- Financial charges +€542,663
up €542,663 (+27.2%), from €2.0m to €2.5m
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 | €8,992,469 | €12,620,337 | +€3.6m | +40.3% |
| Fixed assets | 21/28 | €37,706 | €30,122 | -€7,584 | -20.1% |
| Intangible fixed assets | 21 | €37,706 | €30,122 | -€7,584 | -20.1% |
| Current assets | 29/58 | €8,954,763 | €12,590,215 | +€3.6m | +40.6% |
| Stocks and contracts in progress | 3 | €1,790,858 | €3,252,546 | +€1.5m | +81.6% |
| Stocks | 30/36 | €1,790,858 | €3,252,546 | +€1.5m | +81.6% |
| Goods purchased for resale | 34 | €1,790,858 | €3,252,546 | +€1.5m | +81.6% |
| Amounts receivable within one year | 40/41 | €2,066,788 | €8,687,619 | +€6.6m | +320% |
| Trade receivables | 40 | €889,609 | €1,164,001 | +€274,392 | +30.8% |
| Other amounts receivable | 41 | €1,177,179 | €7,523,618 | +€6.3m | +539% |
| Cash at bank and in hand | 54/58 | €3,839,074 | €19,971 | -€3.8m | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,258,042 | €630,079 | -€627,964 | -49.9% |
| Total equity and liabilities | 10/49 | €8,992,469 | €12,620,337 | +€3.6m | +40.3% |
| Equity | 10/15 | €2,454,921 | €3,463,443 | +€1.0m | +41.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,436,371 | €3,444,893 | +€1.0m | +41.4% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,436,371 | €3,444,893 | +€1.0m | +41.4% |
| Amounts payable | 17/49 | €6,537,548 | €9,156,894 | +€2.6m | +40.1% |
| Amounts payable within one year | 42/48 | €6,537,548 | €9,156,894 | +€2.6m | +40.1% |
| Financial debts | 43 | - | €1,506 | +€1,506 | |
| Credit institutions | 430/8 | - | €1,506 | +€1,506 | |
| Trade debts | 44 | €5,734,784 | €3,741,515 | -€2.0m | -34.8% |
| Suppliers | 440/4 | €5,734,784 | €3,741,515 | -€2.0m | -34.8% |
| Taxes, remuneration and social security | 45 | €802,764 | €2,736,373 | +€1.9m | +241% |
| Taxes | 450/3 | €796,742 | €2,735,466 | +€1.9m | +243% |
| Remuneration and social security | 454/9 | €6,022 | €907 | -€5,115 | -84.9% |
| Other amounts payable | 47/48 | - | €2,677,501 | +€2.7m | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €24,617,014 | €27,917,496 | +€3.3m | +13.4% |
| Turnover | 70 | €21,860,451 | €24,433,248 | +€2.6m | +11.8% |
| Other operating income | 74 | €2,756,563 | €3,484,248 | +€727,685 | +26.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €21,156,057 | €23,882,323 | +€2.7m | +12.9% |
| Goods for resale, raw materials and consumables | 60 | €20,329,842 | €22,855,828 | +€2.5m | +12.4% |
| Purchases | 600/8 | €20,881,359 | €24,317,516 | +€3.4m | +16.5% |
| Change in stocks: decrease (increase) | 609 | -€551,516 | -€1,461,688 | -€910,172 | -165% |
| Services and other goods | 61 | €709,822 | €905,491 | +€195,669 | +27.6% |
| Remuneration, social security and pensions | 62 | €113,953 | €113,149 | -€804 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211 | €7,584 | +€7,373 | +3,494% |
| Other operating charges | 640/8 | €2,228 | €271 | -€1,958 | -87.9% |
| Operating profit (loss) | 9901 | €3,460,957 | €4,035,173 | +€574,216 | +16.6% |
| Financial income | 75/76B | €99,967 | €32,038 | -€67,929 | -68.0% |
| Recurring financial income | 75 | €29,760 | €19,866 | -€9,894 | -33.2% |
| Income from current assets | 751 | €29,725 | €4,247 | -€25,479 | -85.7% |
| Other financial income | 752/9 | €35 | €15,619 | +€15,584 | +44,808% |
| Non-recurring financial income | 76B | €70,207 | €12,173 | -€58,034 | -82.7% |
| Financial charges | 65/66B | €1,994,354 | €2,537,017 | +€542,663 | +27.2% |
| Recurring financial charges | 65 | €1,994,354 | €2,537,017 | +€542,663 | +27.2% |
| Other financial charges | 652/9 | €1,994,354 | €2,537,017 | +€542,663 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €1,566,570 | €1,530,194 | -€36,376 | -2.3% |
| Income taxes | 67/77 | €403,812 | €521,672 | +€117,860 | +29.2% |
| Taxes | 670/3 | €403,812 | €521,672 | +€117,860 | +29.2% |
| Profit (loss) for the period | 9904 | €1,162,758 | €1,008,522 | -€154,236 | -13.3% |
| Transfer from tax-exempt reserves | 789 | €4,708 | €0 | -€4,708 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,167,466 | €1,008,522 | -€158,943 | -13.6% |
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 16 October 2026 via checked.be.