PetSerCo Holding: what changed
What changed
PetSerCo Holding
NACE 82.100, Office administrative and support services
filed annual accounts (NBB)
Net result for the year
-€4.4m
2024 · -€1.6m-€2.8m
Equity
€102.4m
2024 · €100.7m+€1.6m
Cash
€429,391
2024 · €540,041-€110,650
Balance sheet total
€138.2m
2024 · €139.7m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-97.7%), from €1.4m to €33,674
of which Other amounts receivable: -€1.4m
Equity and liabilities
- Contributions +€6.0m
up €6.0m (+5.7%), from €105.2m to €111.2m
- Profit (loss) carried forward -€4.4m
down €4.4m (-98.9%), from -€4.4m to -€8.8m
- Debts after one year -€4.0m
down €4.0m (-10.6%), from €37.6m to €33.6m
of which Financial debts: -€3.3m
- Short-term financial debts +€1.6m
new in 2025: €1.6m
Income statement
- Financial charges +€3.2m
up €3.2m (+404%), from €793,197 to €4.0m
- Services and other goods -€434,446
down €434,446 (-37.8%), from €1.1m to €714,546
- Turnover -€106,811
down €106,811 (-33.7%), from €316,544 to €209,733
- Financial income +€63,214
up €63,214 (+115%), from €55,017 to €118,231
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.6m
Turnover
-€106,811
Services and other goods
+€434,446
Other operating charges
-€1,550
Financial income
+€63,214
Financial charges
-€3.2m
Result 2025
-€4.4m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.9m
Investment
-€513
Financing
+€2.8m
Cash 2024
€540,041
From operations (derived)
-€2.9m
Net result for the year
-€4.4m
Receivables within one year
+€1.4m
Trade debts
-€41,973
Accrued charges and deferred income
+€141,035
Investment (derived)
-€513
Investment in fixed assets (net)
-€513
Financing
+€2.8m
Debts after one year
-€4.0m
Current portion of long-term debt
-€875,000
Short-term financial debts
+€1.6m
Contributions, distributions and other
+€6.0m
Cash 2025
€429,391
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,690,616 | €138,171,848 | -€1.5m | -1.1% |
| Fixed assets | 21/28 | €137,708,270 | €137,708,783 | +€513 | 0.0% |
| Financial fixed assets | 28 | €137,708,270 | €137,708,783 | +€513 | 0.0% |
| Affiliated companies | 280/1 | €137,708,270 | €137,708,783 | +€513 | 0.0% |
| Participating interests | 280 | €132,141,412 | €132,141,925 | +€513 | 0.0% |
| Amounts receivable | 281 | €5,566,858 | €5,566,858 | = | 0.0% |
| Current assets | 29/58 | €1,982,346 | €463,065 | -€1.5m | -76.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,442,305 | €33,674 | -€1.4m | -97.7% |
| Trade receivables | 40 | €31,722 | €0 | -€31,722 | -100% |
| Other amounts receivable | 41 | €1,410,582 | €33,674 | -€1.4m | -97.6% |
| Cash at bank and in hand | 54/58 | €540,041 | €429,391 | -€110,650 | -20.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €139,690,616 | €138,171,848 | -€1.5m | -1.1% |
| Equity | 10/15 | €100,748,466 | €102,361,494 | +€1.6m | +1.6% |
| Contributions | 10/11 | €105,186,000 | €111,186,513 | +€6.0m | +5.7% |
| Profit (loss) carried forward | 14 | -€4,437,534 | -€8,825,019 | -€4.4m | -98.9% |
| Amounts payable | 17/49 | €38,942,150 | €35,810,354 | -€3.1m | -8.0% |
| Amounts payable after more than one year | 17 | €37,593,493 | €33,625,652 | -€4.0m | -10.6% |
| Financial debts | 170/4 | €32,225,001 | €28,907,160 | -€3.3m | -10.3% |
| Credit institutions | 173 | €32,225,001 | €28,907,160 | -€3.3m | -10.3% |
| Trade debts | 175 | €5,368,492 | €4,718,492 | -€650,000 | -12.1% |
| Suppliers | 1750 | €5,368,492 | €4,718,492 | -€650,000 | -12.1% |
| Amounts payable within one year | 42/48 | €1,084,749 | €1,779,758 | +€695,010 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | €875,000 | - | -€875,000 | |
| Financial debts | 43 | - | €1,611,983 | +€1.6m | |
| Credit institutions | 430/8 | - | €1,611,983 | +€1.6m | |
| Trade debts | 44 | €209,749 | €167,775 | -€41,973 | -20.0% |
| Suppliers | 440/4 | €209,749 | €167,775 | -€41,973 | -20.0% |
| Accrued charges and deferred income | 492/3 | €263,908 | €404,943 | +€141,035 | +53.4% |
| Operating income | 70/76A | €316,544 | €209,733 | -€106,811 | -33.7% |
| Turnover | 70 | €316,544 | €209,733 | -€106,811 | -33.7% |
| Operating charges | 60/66A | €1,148,992 | €716,096 | -€432,896 | -37.7% |
| Services and other goods | 61 | €1,148,992 | €714,546 | -€434,446 | -37.8% |
| Other operating charges | 640/8 | €0 | €1,550 | +€1,550 | |
| Operating profit (loss) | 9901 | -€832,448 | -€506,363 | +€326,085 | +39.2% |
| Financial income | 75/76B | €55,017 | €118,231 | +€63,214 | +115% |
| Recurring financial income | 75 | €55,017 | €118,231 | +€63,214 | +115% |
| Income from current assets | 751 | €55,017 | €118,231 | +€63,214 | +115% |
| Financial charges | 65/66B | €793,197 | €3,999,354 | +€3.2m | +404% |
| Recurring financial charges | 65 | €793,197 | €3,999,354 | +€3.2m | +404% |
| Debt charges | 650 | €792,544 | €3,993,414 | +€3.2m | +404% |
| Other financial charges | 652/9 | €653 | €5,940 | +€5,287 | +810% |
| Profit (loss) for the period before taxes | 9903 | -€1,570,628 | -€4,387,485 | -€2.8m | -179% |
| Profit (loss) for the period | 9904 | -€1,570,628 | -€4,387,485 | -€2.8m | -179% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,570,628 | -€4,387,485 | -€2.8m | -179% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.