PETLINQ: 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.
PETLINQ
Largest movements
- Tangible fixed assets -€16,109
down €16,109 (-30.7%), from €52,404 to €36,295
of which Furniture and vehicles: -€8,216
- Cash -€12,003
down €12,003 (-13.0%), from €92,061 to €80,058
mainly Current portion of long-term debt (-€10,378) and Receivables within one year (-€9,505)
- Receivables within one year +€9,505
new in 2025: €9,505
- Current portion of long-term debt -€10,378
down €10,378 (-91.5%), from €11,342 to €964
- Other debts -€6,241
down €6,241 (-95.8%), from €6,515 to €274
- Trade debts +€5,767
new in 2025: €5,767
- Tax, wage and social debts -€5,632
down €5,632 (-22.8%), from €24,701 to €19,070
- Advances received -€2,240
no longer reported in 2025 (was €2,240)
- Gross operating margin -€46,178
down €46,178 (-67.8%), from €68,108 to €21,930
- Taxes -€18,434
down €18,434 (-97.3%), from €18,951 to €516
- Depreciation +€5,458
up €5,458 (+56.0%), from €9,752 to €15,211
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 | €144,465 | €125,858 | -€18,607 | -12.9% |
| Fixed assets | 21/28 | €52,404 | €36,295 | -€16,109 | -30.7% |
| Tangible fixed assets | 22/27 | €52,404 | €36,295 | -€16,109 | -30.7% |
| Land and buildings | 22 | €15,788 | €7,894 | -€7,894 | -50.0% |
| Furniture and vehicles | 24 | €36,616 | €28,401 | -€8,216 | -22.4% |
| Current assets | 29/58 | €92,061 | €89,563 | -€2,497 | -2.7% |
| Amounts receivable within one year | 40/41 | - | €9,505 | +€9,505 | |
| Other amounts receivable | 41 | - | €9,505 | +€9,505 | |
| Cash at bank and in hand | 54/58 | €92,061 | €80,058 | -€12,003 | -13.0% |
| Total equity and liabilities | 10/49 | €144,465 | €125,858 | -€18,607 | -12.9% |
| Equity | 10/15 | €98,702 | €99,783 | +€1,081 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €85,763 | €85,763 | = | 0.0% |
| Tax-exempt reserves | 132 | €72 | €72 | = | 0.0% |
| Distributable reserves | 133 | €85,691 | €85,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | €539 | €1,620 | +€1,081 | +200% |
| Amounts payable | 17/49 | €45,763 | €26,076 | -€19,688 | -43.0% |
| Amounts payable after more than one year | 17 | €964 | - | -€964 | |
| Financial debts | 170/4 | €964 | - | -€964 | |
| Amounts payable within one year | 42/48 | €44,799 | €26,076 | -€18,723 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €11,342 | €964 | -€10,378 | -91.5% |
| Trade debts | 44 | - | €5,767 | +€5,767 | |
| Suppliers | 440/4 | - | €5,767 | +€5,767 | |
| Advances received on contracts in progress | 46 | €2,240 | - | -€2,240 | |
| Taxes, remuneration and social security | 45 | €24,701 | €19,070 | -€5,632 | -22.8% |
| Taxes | 450/3 | €24,701 | €19,070 | -€5,632 | -22.8% |
| Other amounts payable | 47/48 | €6,515 | €274 | -€6,241 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,752 | €15,211 | +€5,458 | +56.0% |
| Other operating charges | 640/8 | €3,599 | €3,719 | +€120 | +3.3% |
| Non-recurring operating charges | 66A | - | €899 | +€899 | |
| Gross operating margin | 9900 | €68,108 | €21,930 | -€46,178 | -67.8% |
| Operating profit (loss) | 9901 | €54,756 | €2,101 | -€52,655 | -96.2% |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €907 | €504 | -€403 | -44.4% |
| Recurring financial charges | 65 | €907 | €504 | -€403 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €53,872 | €1,597 | -€52,275 | -97.0% |
| Income taxes | 67/77 | €18,951 | €516 | -€18,434 | -97.3% |
| Profit (loss) for the period | 9904 | €34,921 | €1,081 | -€33,841 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,921 | €1,081 | -€33,841 | -96.9% |
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 15 October 2026 via checked.be.