PHILIPPE PETIT: 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.
PHILIPPE PETIT
Largest movements
- Current investments +€104,011
new in 2025: €104,011
- Receivables within one year -€68,966
down €68,966 (-70.9%), from €97,239 to €28,273
of which Other amounts receivable: -€68,202
- Cash -€8,123
down €8,123 (-8.4%), from €96,459 to €88,336
mainly Current investments (-€104,011) and Contributions, distributions and other (-€72,483)
- Deferred charges and accrued income -€3,716
down €3,716 (-85.1%), from €4,367 to €651
- Other debts +€49,862
up €49,862 (+201.1%), from €24,791 to €74,653
- Reserves -€23,649
down €23,649 (-16.0%), from €148,217 to €124,568
- Tax, wage and social debts -€3,544
down €3,544 (-33.4%), from €10,603 to €7,060
- Gross operating margin +€9,650
up €9,650 (+16.2%), from €59,487 to €69,137
- Financial income -€2,538
down €2,538 (-69.2%), from €3,668 to €1,130
- Taxes +€2,505
up €2,505 (+14.5%), from €17,325 to €19,829
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 | €199,340 | €222,028 | +€22,688 | +11.4% |
| Fixed assets | 21/28 | €1,276 | €756 | -€519 | -40.7% |
| Tangible fixed assets | 22/27 | €1,276 | €756 | -€519 | -40.7% |
| Furniture and vehicles | 24 | €1,276 | €756 | -€519 | -40.7% |
| Current assets | 29/58 | €198,065 | €221,271 | +€23,207 | +11.7% |
| Amounts receivable within one year | 40/41 | €97,239 | €28,273 | -€68,966 | -70.9% |
| Trade receivables | 40 | €26,537 | €25,773 | -€764 | -2.9% |
| Other amounts receivable | 41 | €70,702 | €2,500 | -€68,202 | -96.5% |
| Current investments | 50/53 | - | €104,011 | +€104,011 | |
| Cash at bank and in hand | 54/58 | €96,459 | €88,336 | -€8,123 | -8.4% |
| Deferred charges and accrued income | 490/1 | €4,367 | €651 | -€3,716 | -85.1% |
| Total equity and liabilities | 10/49 | €199,340 | €222,028 | +€22,688 | +11.4% |
| Equity | 10/15 | €160,617 | €136,968 | -€23,649 | -14.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €148,217 | €124,568 | -€23,649 | -16.0% |
| Distributable reserves | 133 | €148,217 | €124,568 | -€23,649 | -16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,723 | €85,059 | +€46,336 | +119.7% |
| Amounts payable within one year | 42/48 | €38,431 | €84,758 | +€46,327 | +120.5% |
| Financial debts | 43 | €18 | €12 | -€6 | -35.0% |
| Credit institutions | 430/8 | €18 | €12 | -€6 | -35.0% |
| Trade debts | 44 | €3,018 | €3,034 | +€15 | +0.5% |
| Suppliers | 440/4 | €3,018 | €3,034 | +€15 | +0.5% |
| Taxes, remuneration and social security | 45 | €10,603 | €7,060 | -€3,544 | -33.4% |
| Taxes | 450/3 | €10,603 | €7,060 | -€3,544 | -33.4% |
| Other amounts payable | 47/48 | €24,791 | €74,653 | +€49,862 | +201.1% |
| Accrued charges and deferred income | 492/3 | €293 | €302 | +€9 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €519 | +€237 | +83.9% |
| Other operating charges | 640/8 | €888 | €918 | +€30 | +3.4% |
| Gross operating margin | 9900 | €59,487 | €69,137 | +€9,650 | +16.2% |
| Operating profit (loss) | 9901 | €58,317 | €67,700 | +€9,383 | +16.1% |
| Financial income | 75/76B | €3,668 | €1,130 | -€2,538 | -69.2% |
| Recurring financial income | 75 | €3,668 | €1,130 | -€2,538 | -69.2% |
| Financial charges | 65/66B | €163 | €167 | +€4 | +2.5% |
| Recurring financial charges | 65 | €163 | €167 | +€4 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €61,822 | €68,663 | +€6,841 | +11.1% |
| Income taxes | 67/77 | €17,325 | €19,829 | +€2,505 | +14.5% |
| Profit (loss) for the period | 9904 | €44,498 | €48,834 | +€4,336 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,498 | €48,834 | +€4,336 | +9.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.