PETIT J-M: 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.
PETIT J-M
Largest movements
- Cash +€202,315
up €202,315 (+395%), from €51,280 to €253,595
mainly Stocks and contracts (+€130,506) and Net result for the year (+€33,576)
- Stocks and contracts -€130,506
down €130,506 (-26.1%), from €499,677 to €369,171
- Receivables within one year -€31,429
down €31,429 (-79.9%), from €39,333 to €7,905
of which Trade receivables: -€31,429
- Tangible fixed assets -€9,034
down €9,034 (-8.8%), from €102,979 to €93,945
of which Plant, machinery and equipment: -€6,204
- Reserves +€50,000
up €50,000 (+15.2%), from €330,000 to €380,000
- Provisions +€30,335
new in 2025: €30,335
- Debts after one year -€21,182
down €21,182 (-66.0%), from €32,089 to €10,907
- Short-term financial debts -€20,000
down €20,000 (-25.0%), from €80,000 to €60,000
- Profit (loss) carried forward -€16,424
down €16,424 (-37.5%), from €43,829 to €27,404
- Gross operating margin -€71,662
down €71,662 (-30.2%), from €237,182 to €165,520
- Provisions +€30,335
new in 2025: €30,335
- Staff costs -€24,769
down €24,769 (-41.4%), from €59,814 to €35,046
- Taxes -€10,644
down €10,644 (-37.3%), from €28,561 to €17,916
- Depreciation +€9,135
up €9,135 (+44.8%), from €20,407 to €29,543
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 | €705,518 | €741,816 | +€36,298 | +5.1% |
| Formation expenses | 20 | €237 | €0 | -€237 | -99.8% |
| Fixed assets | 21/28 | €104,979 | €95,945 | -€9,034 | -8.6% |
| Tangible fixed assets | 22/27 | €102,979 | €93,945 | -€9,034 | -8.8% |
| Plant, machinery and equipment | 23 | €24,509 | €18,305 | -€6,204 | -25.3% |
| Furniture and vehicles | 24 | €78,470 | €75,640 | -€2,830 | -3.6% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €600,302 | €645,871 | +€45,569 | +7.6% |
| Stocks and contracts in progress | 3 | €499,677 | €369,171 | -€130,506 | -26.1% |
| Stocks | 30/36 | €499,677 | €369,171 | -€130,506 | -26.1% |
| Amounts receivable within one year | 40/41 | €39,333 | €7,905 | -€31,429 | -79.9% |
| Trade receivables | 40 | €39,127 | €7,698 | -€31,429 | -80.3% |
| Other amounts receivable | 41 | €206 | €206 | = | 0.0% |
| Current investments | 50/53 | €10,000 | €15,200 | +€5,200 | +52.0% |
| Cash at bank and in hand | 54/58 | €51,280 | €253,595 | +€202,315 | +395% |
| Deferred charges and accrued income | 490/1 | €12 | €0 | -€12 | -100% |
| Total equity and liabilities | 10/49 | €705,518 | €741,816 | +€36,298 | +5.1% |
| Equity | 10/15 | €393,829 | €427,404 | +€33,576 | +8.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €330,000 | €380,000 | +€50,000 | +15.2% |
| Distributable reserves | 133 | €330,000 | €380,000 | +€50,000 | +15.2% |
| Profit (loss) carried forward | 14 | €43,829 | €27,404 | -€16,424 | -37.5% |
| Provisions and deferred taxes | 16 | - | €30,335 | +€30,335 | |
| Provisions for liabilities and charges | 160/5 | - | €30,335 | +€30,335 | |
| Other liabilities and charges | 164/5 | - | €30,335 | +€30,335 | |
| Amounts payable | 17/49 | €311,690 | €284,076 | -€27,614 | -8.9% |
| Amounts payable after more than one year | 17 | €32,089 | €10,907 | -€21,182 | -66.0% |
| Financial debts | 170/4 | €32,089 | €10,907 | -€21,182 | -66.0% |
| Amounts payable within one year | 42/48 | €279,601 | €273,170 | -€6,432 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €20,367 | €21,182 | +€815 | +4.0% |
| Financial debts | 43 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Credit institutions | 430/8 | €80,000 | €60,000 | -€20,000 | -25.0% |
| Trade debts | 44 | €172,262 | €174,043 | +€1,781 | +1.0% |
| Suppliers | 440/4 | €172,262 | €174,043 | +€1,781 | +1.0% |
| Taxes, remuneration and social security | 45 | €6,972 | €17,944 | +€10,973 | +157% |
| Taxes | 450/3 | €2,797 | €16,256 | +€13,459 | +481% |
| Remuneration and social security | 454/9 | €4,175 | €1,688 | -€2,486 | -59.6% |
| Non-recurring operating income | 76A | €0 | €4,355 | +€4,355 | |
| Remuneration, social security and pensions | 62 | €59,814 | €35,046 | -€24,769 | -41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,407 | €29,543 | +€9,135 | +44.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €30,335 | +€30,335 | |
| Other operating charges | 640/8 | €12,636 | €11,239 | -€1,397 | -11.1% |
| Gross operating margin | 9900 | €237,182 | €165,520 | -€71,662 | -30.2% |
| Operating profit (loss) | 9901 | €144,324 | €59,357 | -€84,967 | -58.9% |
| Financial income | 75/76B | €0 | €1,427 | +€1,427 | +1,297,091% |
| Recurring financial income | 75 | €0 | €1,427 | +€1,427 | +1,297,091% |
| Financial charges | 65/66B | €11,311 | €9,292 | -€2,018 | -17.8% |
| Recurring financial charges | 65 | €11,311 | €9,292 | -€2,018 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €133,013 | €51,492 | -€81,521 | -61.3% |
| Income taxes | 67/77 | €28,561 | €17,916 | -€10,644 | -37.3% |
| Profit (loss) for the period | 9904 | €104,453 | €33,576 | -€70,877 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €104,453 | €33,576 | -€70,877 | -67.9% |
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 20 October 2026 via checked.be.