PETNET: 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.
PETNET
Largest movements
- Receivables within one year -€70,069
down €70,069 (-98.2%), from €71,327 to €1,258
of which Other amounts receivable: -€70,558
- Current investments -€24,000
down €24,000 (-16.3%), from €147,000 to €122,999
- Deferred charges and accrued income +€10,292
up €10,292 (+413.3%), from €2,490 to €12,783
- Tangible fixed assets -€6,449
down €6,449 (-5.7%), from €112,206 to €105,757
of which Land and buildings: -€4,493
- Reserves -€80,264
down €80,264 (-23.5%), from €341,144 to €260,880
- Tax, wage and social debts -€43,563
down €43,563 (-87.7%), from €49,699 to €6,136
- Other debts +€36,055
new in 2025: €36,055
- Gross operating margin +€15,574
up €15,574 (+15.1%), from €103,005 to €118,579
- Taxes +€4,526
up €4,526 (+15.6%), from €28,944 to €33,470
- Financial income -€2,512
down €2,512 (-46.0%), from €5,457 to €2,945
- Financial charges +€1,199
up €1,199 (+243.6%), from €492 to €1,692
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 | €415,268 | €328,454 | -€86,814 | -20.9% |
| Fixed assets | 21/28 | €112,206 | €105,757 | -€6,449 | -5.7% |
| Tangible fixed assets | 22/27 | €112,206 | €105,757 | -€6,449 | -5.7% |
| Land and buildings | 22 | €107,400 | €102,907 | -€4,493 | -4.2% |
| Furniture and vehicles | 24 | €4,806 | €2,850 | -€1,956 | -40.7% |
| Current assets | 29/58 | €303,062 | €222,697 | -€80,365 | -26.5% |
| Amounts receivable within one year | 40/41 | €71,327 | €1,258 | -€70,069 | -98.2% |
| Trade receivables | 40 | - | €489 | +€489 | |
| Other amounts receivable | 41 | €71,327 | €769 | -€70,558 | -98.9% |
| Current investments | 50/53 | €147,000 | €122,999 | -€24,000 | -16.3% |
| Cash at bank and in hand | 54/58 | €82,244 | €85,657 | +€3,412 | +4.1% |
| Deferred charges and accrued income | 490/1 | €2,490 | €12,783 | +€10,292 | +413.3% |
| Total equity and liabilities | 10/49 | €415,268 | €328,454 | -€86,814 | -20.9% |
| Equity | 10/15 | €361,144 | €280,880 | -€80,264 | -22.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €341,144 | €260,880 | -€80,264 | -23.5% |
| Distributable reserves | 133 | €341,144 | €260,880 | -€80,264 | -23.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,123 | €47,574 | -€6,550 | -12.1% |
| Amounts payable within one year | 42/48 | €54,123 | €46,512 | -€7,611 | -14.1% |
| Financial debts | 43 | €1,995 | €2,733 | +€737 | +37.0% |
| Credit institutions | 430/8 | €1,995 | €2,733 | +€737 | +37.0% |
| Trade debts | 44 | €2,429 | €1,589 | -€840 | -34.6% |
| Suppliers | 440/4 | €2,429 | €1,589 | -€840 | -34.6% |
| Taxes, remuneration and social security | 45 | €49,699 | €6,136 | -€43,563 | -87.7% |
| Taxes | 450/3 | €49,699 | €6,136 | -€43,563 | -87.7% |
| Other amounts payable | 47/48 | - | €36,055 | +€36,055 | |
| Accrued charges and deferred income | 492/3 | - | €1,061 | +€1,061 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,172 | €7,560 | +€387 | +5.4% |
| Other operating charges | 640/8 | €1,125 | €1,257 | +€132 | +11.7% |
| Non-recurring operating charges | 66A | - | €280 | +€280 | |
| Gross operating margin | 9900 | €103,005 | €118,579 | +€15,574 | +15.1% |
| Operating profit (loss) | 9901 | €94,708 | €109,483 | +€14,775 | +15.6% |
| Financial income | 75/76B | €5,457 | €2,945 | -€2,512 | -46.0% |
| Recurring financial income | 75 | €5,457 | €2,945 | -€2,512 | -46.0% |
| Financial charges | 65/66B | €492 | €1,692 | +€1,199 | +243.6% |
| Recurring financial charges | 65 | €492 | €1,692 | +€1,199 | +243.6% |
| Profit (loss) for the period before taxes | 9903 | €99,673 | €110,736 | +€11,064 | +11.1% |
| Income taxes | 67/77 | €28,944 | €33,470 | +€4,526 | +15.6% |
| Profit (loss) for the period | 9904 | €70,729 | €77,267 | +€6,538 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,729 | €77,267 | +€6,538 | +9.2% |
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 9 October 2026 via checked.be.