PETILLON & Co: 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.
PETILLON & Co
Largest movements
- Current investments +€201,900
new in 2025: €201,900
- Cash -€191,236
down €191,236 (-62.1%), from €308,151 to €116,915
mainly Current investments (-€201,900) and Contributions, distributions and other (-€177,897)
- Tangible fixed assets -€26,922
down €26,922 (-20.5%), from €131,244 to €104,323
of which Furniture and vehicles: -€36,633
- Receivables within one year -€20,745
down €20,745 (-87.0%), from €23,845 to €3,100
of which Trade receivables: -€20,845
- Reserves -€144,036
down €144,036 (-47.2%), from €304,843 to €160,807
- Other debts +€142,493
up €142,493 (+312%), from €45,739 to €188,232
- Debts after one year -€22,438
down €22,438 (-40.1%), from €55,998 to €33,559
- Tax, wage and social debts -€13,605
down €13,605 (-49.7%), from €27,385 to €13,780
- Gross operating margin -€45,828
down €45,828 (-32.7%), from €140,123 to €94,295
- Taxes -€11,677
down €11,677 (-41.6%), from €28,083 to €16,407
- Financial income +€3,042
up €3,042 (+195%), from €1,558 to €4,600
- Depreciation +€1,694
up €1,694 (+4.1%), from €41,677 to €43,371
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 | €464,745 | €430,288 | -€34,457 | -7.4% |
| Fixed assets | 21/28 | €131,244 | €104,323 | -€26,922 | -20.5% |
| Tangible fixed assets | 22/27 | €131,244 | €104,323 | -€26,922 | -20.5% |
| Plant, machinery and equipment | 23 | €8,565 | €18,277 | +€9,711 | +113% |
| Furniture and vehicles | 24 | €122,679 | €86,046 | -€36,633 | -29.9% |
| Current assets | 29/58 | €333,501 | €325,966 | -€7,536 | -2.3% |
| Amounts receivable within one year | 40/41 | €23,845 | €3,100 | -€20,745 | -87.0% |
| Trade receivables | 40 | €20,845 | €0 | -€20,845 | -100% |
| Other amounts receivable | 41 | €3,000 | €3,100 | +€100 | +3.3% |
| Current investments | 50/53 | - | €201,900 | +€201,900 | |
| Cash at bank and in hand | 54/58 | €308,151 | €116,915 | -€191,236 | -62.1% |
| Deferred charges and accrued income | 490/1 | €1,506 | €4,051 | +€2,545 | +169% |
| Total equity and liabilities | 10/49 | €464,745 | €430,288 | -€34,457 | -7.4% |
| Equity | 10/15 | €311,043 | €167,007 | -€144,036 | -46.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €304,843 | €160,807 | -€144,036 | -47.2% |
| Distributable reserves | 133 | €304,843 | €160,807 | -€144,036 | -47.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €153,702 | €263,281 | +€109,579 | +71.3% |
| Amounts payable after more than one year | 17 | €55,998 | €33,559 | -€22,438 | -40.1% |
| Financial debts | 170/4 | €55,998 | €33,559 | -€22,438 | -40.1% |
| Amounts payable within one year | 42/48 | €96,840 | €228,951 | +€132,111 | +136% |
| Current portion of amounts payable after more than one year | 42 | €23,200 | €24,263 | +€1,063 | +4.6% |
| Trade debts | 44 | €516 | €2,676 | +€2,160 | +418% |
| Suppliers | 440/4 | €516 | €2,676 | +€2,160 | +418% |
| Taxes, remuneration and social security | 45 | €27,385 | €13,780 | -€13,605 | -49.7% |
| Taxes | 450/3 | €27,385 | €13,780 | -€13,605 | -49.7% |
| Other amounts payable | 47/48 | €45,739 | €188,232 | +€142,493 | +312% |
| Accrued charges and deferred income | 492/3 | €864 | €771 | -€93 | -10.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,677 | €43,371 | +€1,694 | +4.1% |
| Other operating charges | 640/8 | €871 | €1,160 | +€290 | +33.3% |
| Non-recurring operating charges | 66A | €187 | €0 | -€187 | -100% |
| Gross operating margin | 9900 | €140,123 | €94,295 | -€45,828 | -32.7% |
| Operating profit (loss) | 9901 | €97,388 | €49,763 | -€47,624 | -48.9% |
| Financial income | 75/76B | €1,558 | €4,600 | +€3,042 | +195% |
| Recurring financial income | 75 | €1,558 | €4,600 | +€3,042 | +195% |
| Financial charges | 65/66B | €5,204 | €4,096 | -€1,109 | -21.3% |
| Recurring financial charges | 65 | €5,204 | €4,096 | -€1,109 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €93,741 | €50,268 | -€43,473 | -46.4% |
| Income taxes | 67/77 | €28,083 | €16,407 | -€11,677 | -41.6% |
| Profit (loss) for the period | 9904 | €65,658 | €33,861 | -€31,797 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,658 | €33,861 | -€31,797 | -48.4% |
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.