PETINIOT André: 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.
PETINIOT André
Largest movements
- Tangible fixed assets +€266,400
up €266,400 (+1637.8%), from €16,266 to €282,666
of which Plant, machinery and equipment: +€237,456
- Receivables within one year +€138,553
up €138,553 (+25.0%), from €553,529 to €692,082
of which Trade receivables: +€209,987
- Cash -€121,444
down €121,444 (-46.9%), from €259,138 to €137,694
mainly Investment in fixed assets (net) (-€335,855) and Receivables within one year (-€138,553)
- Stocks and contracts +€16,170
up €16,170 (+22.0%), from €73,438 to €89,608
- Debts after one year +€211,600
up €211,600, from €0 to €211,600
- Current portion of long-term debt +€68,400
up €68,400, from €0 to €68,400
- Other debts -€28,500
down €28,500 (-28.5%), from €100,000 to €71,500
- Tax, wage and social debts +€24,383
up €24,383 (+43.6%), from €55,901 to €80,285
of which Taxes: +€26,460
- Trade debts +€13,484
up €13,484 (+65.4%), from €20,626 to €34,110
- Purchases and services +€129,318
up €129,318 (+13.4%), from €967,525 to €1.1m
- Depreciation +€63,317
up €63,317 (+1031.6%), from €6,138 to €69,455
- Turnover +€56,788
up €56,788 (+4.7%), from €1.2m to €1.3m
- Taxes -€30,126
down €30,126 (-62.6%), from €48,128 to €18,002
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 | €913,358 | €1,212,592 | +€299,234 | +32.8% |
| Fixed assets | 21/28 | €16,266 | €282,666 | +€266,400 | +1637.8% |
| Tangible fixed assets | 22/27 | €16,266 | €282,666 | +€266,400 | +1637.8% |
| Plant, machinery and equipment | 23 | €1,339 | €238,795 | +€237,456 | +17731.2% |
| Furniture and vehicles | 24 | €14,927 | €43,871 | +€28,944 | +193.9% |
| Current assets | 29/58 | €897,092 | €929,926 | +€32,834 | +3.7% |
| Stocks and contracts in progress | 3 | €73,438 | €89,608 | +€16,170 | +22.0% |
| Stocks | 30/36 | €73,438 | €89,608 | +€16,170 | +22.0% |
| Amounts receivable within one year | 40/41 | €553,529 | €692,082 | +€138,553 | +25.0% |
| Trade receivables | 40 | €335,350 | €545,337 | +€209,987 | +62.6% |
| Other amounts receivable | 41 | €218,180 | €146,745 | -€71,434 | -32.7% |
| Cash at bank and in hand | 54/58 | €259,138 | €137,694 | -€121,444 | -46.9% |
| Deferred charges and accrued income | 490/1 | €10,987 | €10,542 | -€445 | -4.1% |
| Total equity and liabilities | 10/49 | €913,358 | €1,212,592 | +€299,234 | +32.8% |
| Equity | 10/15 | €724,612 | €734,479 | +€9,867 | +1.4% |
| Contributions | 10/11 | €0 | €0 | = | |
| Reserves | 13 | €89,242 | €89,242 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €86,763 | €86,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | €635,370 | €645,237 | +€9,867 | +1.6% |
| Amounts payable | 17/49 | €188,746 | €478,113 | +€289,367 | +153.3% |
| Amounts payable after more than one year | 17 | €0 | €211,600 | +€211,600 | |
| Financial debts | 170/4 | €0 | €211,600 | +€211,600 | |
| Amounts payable within one year | 42/48 | €176,527 | €254,294 | +€77,767 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €68,400 | +€68,400 | |
| Trade debts | 44 | €20,626 | €34,110 | +€13,484 | +65.4% |
| Suppliers | 440/4 | €20,626 | €34,110 | +€13,484 | +65.4% |
| Taxes, remuneration and social security | 45 | €55,901 | €80,285 | +€24,383 | +43.6% |
| Taxes | 450/3 | €35,130 | €61,591 | +€26,460 | +75.3% |
| Remuneration and social security | 454/9 | €20,771 | €18,694 | -€2,077 | -10.0% |
| Other amounts payable | 47/48 | €100,000 | €71,500 | -€28,500 | -28.5% |
| Accrued charges and deferred income | 492/3 | €12,219 | €12,219 | = | 0.0% |
| Turnover | 70 | €1,209,761 | €1,266,548 | +€56,788 | +4.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €967,525 | €1,096,844 | +€129,318 | +13.4% |
| Remuneration, social security and pensions | 62 | €100,005 | €101,313 | +€1,308 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,138 | €69,455 | +€63,317 | +1031.6% |
| Other operating charges | 640/8 | €826 | €1,624 | +€798 | +96.6% |
| Gross operating margin | 9900 | €271,922 | €270,566 | -€1,356 | -0.5% |
| Operating profit (loss) | 9901 | €164,953 | €98,174 | -€66,779 | -40.5% |
| Financial income | 75/76B | €17,134 | €10,106 | -€7,028 | -41.0% |
| Recurring financial income | 75 | €17,134 | €10,106 | -€7,028 | -41.0% |
| Financial charges | 65/66B | €3,302 | €8,911 | +€5,609 | +169.9% |
| Recurring financial charges | 65 | €3,302 | €8,911 | +€5,609 | +169.9% |
| Profit (loss) for the period before taxes | 9903 | €178,785 | €99,369 | -€79,416 | -44.4% |
| Income taxes | 67/77 | €48,128 | €18,002 | -€30,126 | -62.6% |
| Profit (loss) for the period | 9904 | €130,657 | €81,367 | -€49,290 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €130,657 | €81,367 | -€49,290 | -37.7% |
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 4 October 2026 via checked.be.