PETSOLUTIONS: what changed
Two fiscal 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.
PETSOLUTIONS
Largest movements
- Receivables within one year +€307,933
up €307,933 (+22.2%), from €1.4m to €1.7m
of which Other amounts receivable: +€195,969
- Deferred charges and accrued income +€160,769
up €160,769 (+90.0%), from €178,627 to €339,396
- Tangible fixed assets -€150,858
down €150,858 (-12.0%), from €1.3m to €1.1m
of which Land and buildings: -€144,095
- Intangible fixed assets -€86,807
down €86,807 (-20.3%), from €426,831 to €340,024
- Cash -€80,010
down €80,010 (-53.1%), from €150,707 to €70,697
mainly Receivables within one year (-€307,933) and Deferred charges and accrued income (-€160,769)
- Other debts +€325,447
up €325,447 (+65.3%), from €498,396 to €823,843
- Debts after one year -€154,487
down €154,487 (-14.4%), from €1.1m to €921,033
- Accrued charges and deferred income -€117,497
down €117,497 (-93.5%), from €125,714 to €8,217
- Gross operating margin +€199,418
up €199,418 (+9.6%), from €2.1m to €2.3m
- Staff costs +€106,721
up €106,721 (+7.1%), from €1.5m to €1.6m
- Write-downs +€70,042
up €70,042 (+175.3%), from €39,958 to €110,000
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 | €6,439,219 | €6,612,247 | +€173,028 | +2.7% |
| Fixed assets | 21/28 | €1,690,089 | €1,452,425 | -€237,665 | -14.1% |
| Intangible fixed assets | 21 | €426,831 | €340,024 | -€86,807 | -20.3% |
| Tangible fixed assets | 22/27 | €1,261,794 | €1,110,936 | -€150,858 | -12.0% |
| Land and buildings | 22 | €1,182,160 | €1,038,065 | -€144,095 | -12.2% |
| Plant, machinery and equipment | 23 | €19,942 | €28,609 | +€8,666 | +43.5% |
| Furniture and vehicles | 24 | €59,692 | €44,263 | -€15,429 | -25.8% |
| Financial fixed assets | 28 | €1,464 | €1,464 | = | 0.0% |
| Current assets | 29/58 | €4,749,130 | €5,159,822 | +€410,692 | +8.6% |
| Stocks and contracts in progress | 3 | €3,031,707 | €3,053,707 | +€22,000 | +0.7% |
| Stocks | 30/36 | €3,031,707 | €3,053,707 | +€22,000 | +0.7% |
| Amounts receivable within one year | 40/41 | €1,388,088 | €1,696,021 | +€307,933 | +22.2% |
| Trade receivables | 40 | €1,318,144 | €1,430,108 | +€111,965 | +8.5% |
| Other amounts receivable | 41 | €69,944 | €265,913 | +€195,969 | +280.2% |
| Cash at bank and in hand | 54/58 | €150,707 | €70,697 | -€80,010 | -53.1% |
| Deferred charges and accrued income | 490/1 | €178,627 | €339,396 | +€160,769 | +90.0% |
| Total equity and liabilities | 10/49 | €6,439,219 | €6,612,247 | +€173,028 | +2.7% |
| Equity | 10/15 | €1,274,470 | €1,290,417 | +€15,947 | +1.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,205,720 | €1,221,667 | +€15,947 | +1.3% |
| Amounts payable | 17/49 | €5,164,749 | €5,321,830 | +€157,081 | +3.0% |
| Amounts payable after more than one year | 17 | €1,075,520 | €921,033 | -€154,487 | -14.4% |
| Financial debts | 170/4 | €1,075,520 | €921,033 | -€154,487 | -14.4% |
| Amounts payable within one year | 42/48 | €3,963,515 | €4,392,580 | +€429,065 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €151,151 | €154,487 | +€3,336 | +2.2% |
| Financial debts | 43 | €1,800,000 | €1,830,288 | +€30,288 | +1.7% |
| Credit institutions | 430/8 | €1,800,000 | €1,830,288 | +€30,288 | +1.7% |
| Trade debts | 44 | €1,274,220 | €1,325,172 | +€50,952 | +4.0% |
| Suppliers | 440/4 | €1,274,220 | €1,325,172 | +€50,952 | +4.0% |
| Taxes, remuneration and social security | 45 | €239,749 | €258,791 | +€19,042 | +7.9% |
| Taxes | 450/3 | €49,991 | €59,593 | +€9,602 | +19.2% |
| Remuneration and social security | 454/9 | €189,757 | €199,198 | +€9,440 | +5.0% |
| Other amounts payable | 47/48 | €498,396 | €823,843 | +€325,447 | +65.3% |
| Accrued charges and deferred income | 492/3 | €125,714 | €8,217 | -€117,497 | -93.5% |
| Remuneration, social security and pensions | 62 | €1,511,488 | €1,618,209 | +€106,721 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,106 | €300,776 | +€10,670 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,958 | €110,000 | +€70,042 | +175.3% |
| Other operating charges | 640/8 | €30,148 | €26,418 | -€3,730 | -12.4% |
| Gross operating margin | 9900 | €2,086,816 | €2,286,234 | +€199,418 | +9.6% |
| Operating profit (loss) | 9901 | €215,116 | €230,830 | +€15,714 | +7.3% |
| Financial income | 75/76B | €14,232 | €11,627 | -€2,605 | -18.3% |
| Recurring financial income | 75 | €14,232 | €11,627 | -€2,605 | -18.3% |
| Financial charges | 65/66B | €191,193 | €189,617 | -€1,576 | -0.8% |
| Recurring financial charges | 65 | €191,193 | €146,508 | -€44,685 | -23.4% |
| Non-recurring financial charges | 66B | - | €43,109 | +€43,109 | |
| Profit (loss) for the period before taxes | 9903 | €38,155 | €52,841 | +€14,685 | +38.5% |
| Income taxes | 67/77 | €27,714 | €36,894 | +€9,179 | +33.1% |
| Profit (loss) for the period | 9904 | €10,441 | €15,947 | +€5,506 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,441 | €15,947 | +€5,506 | +52.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.