PETILLION: 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.
PETILLION
Largest movements
- Cash -€79,832
down €79,832 (-61.9%), from €129,041 to €49,209
mainly Deferred charges and accrued income (-€64,696) and Accrued charges and deferred income (-€52,949)
- Deferred charges and accrued income +€64,696
up €64,696 (+205%), from €31,598 to €96,295
- Receivables within one year +€46,237
up €46,237 (+14.3%), from €323,072 to €369,308
of which Trade receivables: +€37,720
- Tangible fixed assets -€40,078
down €40,078 (-10.7%), from €374,181 to €334,103
of which Land and buildings: -€35,172
- Trade debts +€109,143
up €109,143 (+108%), from €100,986 to €210,129
- Accrued charges and deferred income -€52,949
down €52,949 (-92.5%), from €57,231 to €4,281
- Profit (loss) carried forward -€28,881
down €28,881 (-12.5%), from €230,694 to €201,814
- Current portion of long-term debt -€26,613
no longer reported in 2025 (was €26,613)
- Reserves -€17,145
down €17,145 (-4.3%), from €401,361 to €384,217
- Financial charges +€86,167
up €86,167 (+3,028%), from €2,846 to €89,013
- Gross operating margin -€43,332
down €43,332 (-35.5%), from €121,998 to €78,666
- Financial income +€22,557
up €22,557 (+145%), from €15,569 to €38,125
- Taxes -€4,641
down €4,641, from €3,587 to -€1,054
- Depreciation -€2,437
down €2,437 (-4.1%), from €58,839 to €56,402
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 | €863,229 | €852,405 | -€10,824 | -1.3% |
| Fixed assets | 21/28 | €378,518 | €336,593 | -€41,925 | -11.1% |
| Intangible fixed assets | 21 | €4,147 | €2,301 | -€1,847 | -44.5% |
| Tangible fixed assets | 22/27 | €374,181 | €334,103 | -€40,078 | -10.7% |
| Land and buildings | 22 | €301,793 | €266,622 | -€35,172 | -11.7% |
| Plant, machinery and equipment | 23 | €818 | €3,538 | +€2,720 | +332% |
| Furniture and vehicles | 24 | €71,569 | €63,943 | -€7,626 | -10.7% |
| Financial fixed assets | 28 | €189 | €189 | = | 0.0% |
| Current assets | 29/58 | €484,711 | €515,812 | +€31,101 | +6.4% |
| Amounts receivable within one year | 40/41 | €323,072 | €369,308 | +€46,237 | +14.3% |
| Trade receivables | 40 | €142,627 | €180,347 | +€37,720 | +26.4% |
| Other amounts receivable | 41 | €180,445 | €188,962 | +€8,517 | +4.7% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €129,041 | €49,209 | -€79,832 | -61.9% |
| Deferred charges and accrued income | 490/1 | €31,598 | €96,295 | +€64,696 | +205% |
| Total equity and liabilities | 10/49 | €863,229 | €852,405 | -€10,824 | -1.3% |
| Equity | 10/15 | €646,316 | €600,290 | -€46,025 | -7.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €401,361 | €384,217 | -€17,145 | -4.3% |
| Distributable reserves | 133 | €401,361 | €384,217 | -€17,145 | -4.3% |
| Profit (loss) carried forward | 14 | €230,694 | €201,814 | -€28,881 | -12.5% |
| Amounts payable | 17/49 | €216,913 | €252,114 | +€35,201 | +16.2% |
| Amounts payable within one year | 42/48 | €159,682 | €247,833 | +€88,150 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | €26,613 | - | -€26,613 | |
| Trade debts | 44 | €100,986 | €210,129 | +€109,143 | +108% |
| Suppliers | 440/4 | €100,986 | €210,129 | +€109,143 | +108% |
| Taxes, remuneration and social security | 45 | €8,053 | €4,180 | -€3,873 | -48.1% |
| Taxes | 450/3 | €4,650 | - | -€4,650 | |
| Remuneration and social security | 454/9 | €3,403 | €4,180 | +€777 | +22.8% |
| Other amounts payable | 47/48 | €24,030 | €33,524 | +€9,493 | +39.5% |
| Accrued charges and deferred income | 492/3 | €57,231 | €4,281 | -€52,949 | -92.5% |
| Non-recurring operating income | 76A | - | €11,755 | +€11,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,839 | €56,402 | -€2,437 | -4.1% |
| Other operating charges | 640/8 | €753 | €1,310 | +€556 | +73.8% |
| Gross operating margin | 9900 | €121,998 | €78,666 | -€43,332 | -35.5% |
| Operating profit (loss) | 9901 | €62,405 | €20,954 | -€41,452 | -66.4% |
| Financial income | 75/76B | €15,569 | €38,125 | +€22,557 | +145% |
| Recurring financial income | 75 | €15,569 | €38,125 | +€22,557 | +145% |
| Financial charges | 65/66B | €2,846 | €89,013 | +€86,167 | +3,028% |
| Recurring financial charges | 65 | €2,846 | €89,013 | +€86,167 | +3,028% |
| Profit (loss) for the period before taxes | 9903 | €75,128 | -€29,934 | -€105,062 | |
| Income taxes | 67/77 | €3,587 | -€1,054 | -€4,641 | |
| Profit (loss) for the period | 9904 | €71,541 | -€28,881 | -€100,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,541 | -€28,881 | -€100,421 |
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 22 October 2026 via checked.be.