PETZY: 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.
PETZY
Largest movements
- Tangible fixed assets -€11,577
down €11,577 (-27.2%), from €42,639 to €31,061
of which Plant, machinery and equipment: -€9,074
- Receivables within one year -€8,399
down €8,399 (-56.0%), from €15,004 to €6,606
of which Trade receivables: -€10,051
- Cash +€5,511
up €5,511 (+19.7%), from €28,034 to €33,545
mainly Depreciation (+€15,675) and Receivables within one year (+€8,399)
- Deferred charges and accrued income -€1,286
down €1,286 (-87.6%), from €1,468 to €181
- Reserves -€9,657
down €9,657 (-22.7%), from €42,520 to €32,863
of which Distributable reserves: -€9,657
- Other debts -€8,496
no longer reported in 2025 (was €8,496)
- Tax, wage and social debts +€2,402
up €2,402 (+17.3%), from €13,880 to €16,282
- Gross operating margin -€18,757
down €18,757 (-43.5%), from €43,161 to €24,404
- Other operating charges +€11,270
up €11,270 (+883%), from €1,277 to €12,547
- Taxes -€6,295
down €6,295 (-57.1%), from €11,015 to €4,720
- Depreciation +€2,519
up €2,519 (+19.1%), from €13,156 to €15,675
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 | €91,345 | €75,593 | -€15,751 | -17.2% |
| Fixed assets | 21/28 | €42,889 | €31,311 | -€11,577 | -27.0% |
| Tangible fixed assets | 22/27 | €42,639 | €31,061 | -€11,577 | -27.2% |
| Land and buildings | 22 | €1,524 | €1,342 | -€182 | -12.0% |
| Plant, machinery and equipment | 23 | €17,877 | €8,803 | -€9,074 | -50.8% |
| Furniture and vehicles | 24 | €7,020 | €6,941 | -€79 | -1.1% |
| Other tangible fixed assets | 26 | €16,217 | €13,975 | -€2,243 | -13.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €48,456 | €44,282 | -€4,174 | -8.6% |
| Stocks and contracts in progress | 3 | €3,950 | €3,950 | = | 0.0% |
| Stocks | 30/36 | €3,950 | €3,950 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,004 | €6,606 | -€8,399 | -56.0% |
| Trade receivables | 40 | €13,441 | €3,390 | -€10,051 | -74.8% |
| Other amounts receivable | 41 | €1,563 | €3,216 | +€1,653 | +106% |
| Cash at bank and in hand | 54/58 | €28,034 | €33,545 | +€5,511 | +19.7% |
| Deferred charges and accrued income | 490/1 | €1,468 | €181 | -€1,286 | -87.6% |
| Total equity and liabilities | 10/49 | €91,345 | €75,593 | -€15,751 | -17.2% |
| Equity | 10/15 | €67,309 | €57,652 | -€9,657 | -14.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Contributions outside capital | 11 | €24,789 | €24,789 | = | 0.0% |
| Other | 1109/19 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €42,520 | €32,863 | -€9,657 | -22.7% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €40,041 | €30,384 | -€9,657 | -24.1% |
| Amounts payable | 17/49 | €24,036 | €17,941 | -€6,094 | -25.4% |
| Amounts payable within one year | 42/48 | €24,036 | €17,941 | -€6,094 | -25.4% |
| Trade debts | 44 | €1,659 | €1,659 | = | 0.0% |
| Suppliers | 440/4 | €1,659 | €1,659 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,880 | €16,282 | +€2,402 | +17.3% |
| Taxes | 450/3 | €13,880 | €16,282 | +€2,402 | +17.3% |
| Other amounts payable | 47/48 | €8,496 | - | -€8,496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,156 | €15,675 | +€2,519 | +19.1% |
| Other operating charges | 640/8 | €1,277 | €12,547 | +€11,270 | +883% |
| Non-recurring operating charges | 66A | - | €937 | +€937 | |
| Gross operating margin | 9900 | €43,161 | €24,404 | -€18,757 | -43.5% |
| Operating profit (loss) | 9901 | €28,728 | -€4,755 | -€33,483 | |
| Financial charges | 65/66B | €436 | €182 | -€255 | -58.4% |
| Recurring financial charges | 65 | €436 | €182 | -€255 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €28,292 | -€4,937 | -€33,229 | |
| Income taxes | 67/77 | €11,015 | €4,720 | -€6,295 | -57.1% |
| Profit (loss) for the period | 9904 | €17,277 | -€9,657 | -€26,934 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,277 | -€9,657 | -€26,934 |
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 18 October 2026 via checked.be.