PETIMO: 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.
PETIMO
Largest movements
- Cash -€270,675
down €270,675 (-41.9%), from €645,528 to €374,852
mainly Tax, wage and social debts (-€521,282) and Net result for the year (-€29,951)
- Receivables within one year -€262,267
down €262,267 (-35.2%), from €744,276 to €482,009
- Tangible fixed assets -€31,917
down €31,917 (-4.6%), from €694,403 to €662,487
of which Furniture and vehicles: -€21,659
- Tax, wage and social debts -€521,282
down €521,282 (-98.7%), from €527,904 to €6,622
of which Taxes: -€518,282
- Profit (loss) carried forward -€28,504
down €28,504 (-12.5%), from €228,605 to €200,101
- Taxes -€130,417
down €130,417, from €93,083 to -€37,334
- Financial income -€15,148
down €15,148 (-54.1%), from €27,994 to €12,846
- Depreciation +€8,995
up €8,995 (+39.2%), from €22,922 to €31,917
- Gross operating margin +€6,789
up €6,789 (+11.9%), from -€56,955 to -€50,165
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 | €2,086,215 | €1,521,591 | -€564,624 | -27.1% |
| Fixed assets | 21/28 | €694,403 | €662,487 | -€31,917 | -4.6% |
| Tangible fixed assets | 22/27 | €694,403 | €662,487 | -€31,917 | -4.6% |
| Land and buildings | 22 | €598,772 | €588,515 | -€10,258 | -1.7% |
| Furniture and vehicles | 24 | €95,631 | €73,972 | -€21,659 | -22.6% |
| Current assets | 29/58 | €1,391,811 | €859,104 | -€532,707 | -38.3% |
| Amounts receivable within one year | 40/41 | €744,276 | €482,009 | -€262,267 | -35.2% |
| Other amounts receivable | 41 | €744,276 | €482,009 | -€262,267 | -35.2% |
| Cash at bank and in hand | 54/58 | €645,528 | €374,852 | -€270,675 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,008 | €2,243 | +€235 | +11.7% |
| Total equity and liabilities | 10/49 | €2,086,215 | €1,521,591 | -€564,624 | -27.1% |
| Equity | 10/15 | €1,479,027 | €1,446,179 | -€32,847 | -2.2% |
| Contributions | 10/11 | €421,419 | €421,419 | = | 0.0% |
| Capital | 10 | €421,419 | €421,419 | = | 0.0% |
| Issued capital | 100 | €421,419 | €421,419 | = | 0.0% |
| Revaluation surpluses | 12 | €228,806 | €228,806 | = | 0.0% |
| Reserves | 13 | €600,197 | €595,853 | -€4,344 | -0.7% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €128,172 | €123,828 | -€4,344 | -3.4% |
| Distributable reserves | 133 | €442,025 | €442,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,605 | €200,101 | -€28,504 | -12.5% |
| Provisions and deferred taxes | 16 | €42,724 | €41,276 | -€1,448 | -3.4% |
| Deferred taxes | 168 | €42,724 | €41,276 | -€1,448 | -3.4% |
| Amounts payable | 17/49 | €564,464 | €34,136 | -€530,329 | -94.0% |
| Amounts payable after more than one year | 17 | €7,030 | €7,030 | = | 0.0% |
| Other amounts payable | 178/9 | €7,030 | €7,030 | = | 0.0% |
| Amounts payable within one year | 42/48 | €557,434 | €27,106 | -€530,329 | -95.1% |
| Trade debts | 44 | €13,692 | €4,606 | -€9,086 | -66.4% |
| Suppliers | 440/4 | €13,692 | €4,606 | -€9,086 | -66.4% |
| Taxes, remuneration and social security | 45 | €527,904 | €6,622 | -€521,282 | -98.7% |
| Taxes | 450/3 | €518,282 | - | -€518,282 | |
| Remuneration and social security | 454/9 | €9,622 | €6,622 | -€3,000 | -31.2% |
| Other amounts payable | 47/48 | €15,839 | €15,877 | +€39 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,922 | €31,917 | +€8,995 | +39.2% |
| Other operating charges | 640/8 | €2,053 | €2,059 | +€6 | +0.3% |
| Gross operating margin | 9900 | -€56,955 | -€50,165 | +€6,789 | +11.9% |
| Operating profit (loss) | 9901 | -€81,929 | -€84,141 | -€2,212 | -2.7% |
| Financial income | 75/76B | €27,994 | €12,846 | -€15,148 | -54.1% |
| Recurring financial income | 75 | €27,994 | €12,846 | -€15,148 | -54.1% |
| Financial charges | 65/66B | €378 | €334 | -€44 | -11.7% |
| Recurring financial charges | 65 | €378 | €334 | -€44 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,314 | -€71,629 | -€17,316 | -31.9% |
| Transfer from deferred taxes | 780 | €1,448 | €4,344 | +€2,896 | +200.0% |
| Income taxes | 67/77 | €93,083 | -€37,334 | -€130,417 | |
| Profit (loss) for the period | 9904 | -€145,949 | -€29,951 | +€115,998 | +79.5% |
| Transfer from tax-exempt reserves | 789 | €4,344 | €1,448 | -€2,896 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,605 | -€28,504 | +€113,102 | +79.9% |
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 28 September 2026 via checked.be.