PETJORA: 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.
PETJORA
Largest movements
- Stocks and contracts +€688,718
up €688,718 (+1,707%), from €40,342 to €729,060
- Cash -€437,580
down €437,580 (-75.0%), from €583,180 to €145,601
mainly Stocks and contracts (-€688,718) and Debts after one year (-€302,087)
- Financial fixed assets -€396,594
down €396,594 (-22.2%), from €1.8m to €1.4m
- Tangible fixed assets +€292,783
up €292,783 (+10.3%), from €2.9m to €3.1m
of which Land and buildings: +€267,824
- Reserves +€580,163
up €580,163 (+20.2%), from €2.9m to €3.5m
- Debts after one year -€302,087
down €302,087 (-62.9%), from €480,350 to €178,264
- Financial income +€246,736
up €246,736 (+55.9%), from €441,476 to €688,213
- Taxes -€153,890
down €153,890, from €118,722 to -€35,168
- Gross operating margin -€41,517
down €41,517 (-58.0%), from €71,606 to €30,088
- Depreciation +€10,308
up €10,308 (+9.1%), from €113,830 to €124,139
- Staff costs +€2,599
up €2,599 (+17.3%), from €15,035 to €17,634
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 | €7,256,545 | €7,436,424 | +€179,880 | +2.5% |
| Fixed assets | 21/28 | €4,644,868 | €4,541,058 | -€103,810 | -2.2% |
| Tangible fixed assets | 22/27 | €2,855,702 | €3,148,485 | +€292,783 | +10.3% |
| Land and buildings | 22 | €2,714,279 | €2,982,102 | +€267,824 | +9.9% |
| Plant, machinery and equipment | 23 | €21,809 | €20,241 | -€1,568 | -7.2% |
| Furniture and vehicles | 24 | €102,217 | €120,569 | +€18,352 | +18.0% |
| Other tangible fixed assets | 26 | €17,397 | €25,573 | +€8,175 | +47.0% |
| Financial fixed assets | 28 | €1,789,167 | €1,392,573 | -€396,594 | -22.2% |
| Current assets | 29/58 | €2,611,676 | €2,895,366 | +€283,690 | +10.9% |
| Amounts receivable after more than one year | 29 | €174,000 | €174,000 | = | 0.0% |
| Other amounts receivable | 291 | €174,000 | €174,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €40,342 | €729,060 | +€688,718 | +1,707% |
| Stocks | 30/36 | €40,342 | €729,060 | +€688,718 | +1,707% |
| Amounts receivable within one year | 40/41 | €1,080,467 | €1,086,115 | +€5,648 | +0.5% |
| Trade receivables | 40 | €672,392 | €417,824 | -€254,568 | -37.9% |
| Other amounts receivable | 41 | €408,074 | €668,291 | +€260,217 | +63.8% |
| Current investments | 50/53 | €680,856 | €701,445 | +€20,589 | +3.0% |
| Cash at bank and in hand | 54/58 | €583,180 | €145,601 | -€437,580 | -75.0% |
| Deferred charges and accrued income | 490/1 | €52,831 | €59,146 | +€6,315 | +12.0% |
| Total equity and liabilities | 10/49 | €7,256,545 | €7,436,424 | +€179,880 | +2.5% |
| Equity | 10/15 | €6,440,316 | €7,020,480 | +€580,163 | +9.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,872,731 | €3,452,894 | +€580,163 | +20.2% |
| Distributable reserves | 133 | €2,872,731 | €3,452,894 | +€580,163 | +20.2% |
| Profit (loss) carried forward | 14 | €3,547,585 | €3,547,585 | = | 0.0% |
| Amounts payable | 17/49 | €816,229 | €415,945 | -€400,284 | -49.0% |
| Amounts payable after more than one year | 17 | €480,350 | €178,264 | -€302,087 | -62.9% |
| Financial debts | 170/4 | €480,350 | €178,264 | -€302,087 | -62.9% |
| Amounts payable within one year | 42/48 | €321,782 | €230,735 | -€91,047 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €91,094 | €68,035 | -€23,059 | -25.3% |
| Trade debts | 44 | €45,679 | €33,636 | -€12,043 | -26.4% |
| Suppliers | 440/4 | €45,679 | €33,636 | -€12,043 | -26.4% |
| Taxes, remuneration and social security | 45 | €118,318 | €78,230 | -€40,088 | -33.9% |
| Taxes | 450/3 | €117,046 | €75,828 | -€41,218 | -35.2% |
| Remuneration and social security | 454/9 | €1,272 | €2,401 | +€1,130 | +88.9% |
| Other amounts payable | 47/48 | €66,692 | €50,834 | -€15,858 | -23.8% |
| Accrued charges and deferred income | 492/3 | €14,096 | €6,946 | -€7,150 | -50.7% |
| Remuneration, social security and pensions | 62 | €15,035 | €17,634 | +€2,599 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,830 | €124,139 | +€10,308 | +9.1% |
| Other operating charges | 640/8 | €6,034 | €7,305 | +€1,271 | +21.1% |
| Non-recurring operating charges | 66A | €25,037 | €1,257 | -€23,780 | -95.0% |
| Gross operating margin | 9900 | €71,606 | €30,088 | -€41,517 | -58.0% |
| Operating profit (loss) | 9901 | -€88,331 | -€120,246 | -€31,915 | -36.1% |
| Financial income | 75/76B | €441,476 | €688,213 | +€246,736 | +55.9% |
| Recurring financial income | 75 | €441,476 | €688,213 | +€246,736 | +55.9% |
| Financial charges | 65/66B | €24,625 | €22,971 | -€1,655 | -6.7% |
| Recurring financial charges | 65 | €24,625 | €22,971 | -€1,655 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €328,519 | €544,996 | +€216,476 | +65.9% |
| Income taxes | 67/77 | €118,722 | -€35,168 | -€153,890 | |
| Profit (loss) for the period | 9904 | €209,797 | €580,163 | +€370,366 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €209,797 | €580,163 | +€370,366 | +177% |
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 16 October 2026 via checked.be.