PETSS: 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.
PETSS
Largest movements
- Cash -€22,998
down €22,998 (-59.2%), from €38,847 to €15,849
mainly Trade debts (-€25,873) and Receivables within one year (-€13,894)
- Receivables within one year +€13,894
up €13,894 (+94.2%), from €14,752 to €28,646
of which Trade receivables: +€15,182
- Tangible fixed assets -€2,612
down €2,612 (-33.6%), from €7,777 to €5,165
- Trade debts -€25,873
down €25,873 (-83.5%), from €30,978 to €5,105
- Tax, wage and social debts +€8,085
up €8,085 (+183%), from €4,423 to €12,508
- Profit (loss) carried forward +€5,221
up €5,221 (+45.8%), from -€11,408 to -€6,187
- Reserves +€673
up €673 (+3.2%), from €21,043 to €21,715
of which Distributable reserves: +€673
- Gross operating margin -€8,930
down €8,930 (-40.2%), from €22,216 to €13,286
- Depreciation +€2,554
up €2,554 (+4,389%), from €58 to €2,612
- Taxes -€1,335
down €1,335 (-30.2%), from €4,423 to €3,088
- Other operating charges -€468
down €468 (-21.5%), from €2,179 to €1,711
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 | €63,743 | €51,848 | -€11,894 | -18.7% |
| Fixed assets | 21/28 | €7,777 | €5,165 | -€2,612 | -33.6% |
| Tangible fixed assets | 22/27 | €7,777 | €5,165 | -€2,612 | -33.6% |
| Plant, machinery and equipment | 23 | €7,777 | €5,165 | -€2,612 | -33.6% |
| Current assets | 29/58 | €55,966 | €46,683 | -€9,283 | -16.6% |
| Stocks and contracts in progress | 3 | €2,019 | €1,823 | -€196 | -9.7% |
| Stocks | 30/36 | €2,019 | €1,823 | -€196 | -9.7% |
| Amounts receivable within one year | 40/41 | €14,752 | €28,646 | +€13,894 | +94.2% |
| Trade receivables | 40 | €13,464 | €28,646 | +€15,182 | +113% |
| Other amounts receivable | 41 | €1,288 | €0 | -€1,288 | -100% |
| Cash at bank and in hand | 54/58 | €38,847 | €15,849 | -€22,998 | -59.2% |
| Deferred charges and accrued income | 490/1 | €347 | €365 | +€18 | +5.1% |
| Total equity and liabilities | 10/49 | €63,743 | €51,848 | -€11,894 | -18.7% |
| Equity | 10/15 | €28,234 | €34,128 | +€5,894 | +20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,043 | €21,715 | +€673 | +3.2% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €20,793 | €21,465 | +€673 | +3.2% |
| Profit (loss) carried forward | 14 | -€11,408 | -€6,187 | +€5,221 | +45.8% |
| Amounts payable | 17/49 | €35,509 | €17,720 | -€17,788 | -50.1% |
| Amounts payable within one year | 42/48 | €35,509 | €17,720 | -€17,788 | -50.1% |
| Trade debts | 44 | €30,978 | €5,105 | -€25,873 | -83.5% |
| Suppliers | 440/4 | €30,978 | €5,105 | -€25,873 | -83.5% |
| Taxes, remuneration and social security | 45 | €4,423 | €12,508 | +€8,085 | +183% |
| Taxes | 450/3 | €4,423 | €12,508 | +€8,085 | +183% |
| Other amounts payable | 47/48 | €107 | €107 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58 | €2,612 | +€2,554 | +4,389% |
| Other operating charges | 640/8 | €2,179 | €1,711 | -€468 | -21.5% |
| Gross operating margin | 9900 | €22,216 | €13,286 | -€8,930 | -40.2% |
| Operating profit (loss) | 9901 | €19,978 | €8,963 | -€11,015 | -55.1% |
| Financial charges | 65/66B | -€16 | -€19 | -€2 | -14.0% |
| Recurring financial charges | 65 | -€16 | -€19 | -€2 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €19,995 | €8,982 | -€11,013 | -55.1% |
| Income taxes | 67/77 | €4,423 | €3,088 | -€1,335 | -30.2% |
| Profit (loss) for the period | 9904 | €15,571 | €5,894 | -€9,677 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,571 | €5,894 | -€9,677 | -62.1% |
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 14 October 2026 via checked.be.