STUDIO PETELSKI: what changed
STUDIO PETELSKI
Largest movements
- Tangible fixed assets +€55,886
up €55,886 (+136%), from €41,240 to €97,125
of which Land and buildings: +€49,243
- Receivables within one year -€4,209
down €4,209 (-47.9%), from €8,795 to €4,586
of which Other amounts receivable: -€4,758
- Cash -€3,726
down €3,726 (-55.8%), from €6,673 to €2,948
mainly Investment in fixed assets (net) (-€60,960) and Trade debts (-€3,093)
- Other debts +€29,344
new in 2025: €29,344
- Reserves +€13,047
up €13,047 (+34.4%), from €37,923 to €50,970
- Tax, wage and social debts +€8,654
up €8,654 (+60.3%), from €14,340 to €22,994
- Trade debts -€3,093
down €3,093 (-95.3%), from €3,245 to €152
- Gross operating margin -€23,833
down €23,833 (-45.3%), from €52,615 to €28,782
- Taxes -€5,941
down €5,941 (-46.9%), from €12,656 to €6,715
- Depreciation +€4,111
up €4,111 (+427%), from €963 to €5,074
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,708 | €104,659 | +€47,951 | +84.6% |
| Fixed assets | 21/28 | €41,240 | €97,125 | +€55,886 | +136% |
| Tangible fixed assets | 22/27 | €41,240 | €97,125 | +€55,886 | +136% |
| Land and buildings | 22 | €38,442 | €87,685 | +€49,243 | +128% |
| Furniture and vehicles | 24 | €2,798 | €9,440 | +€6,643 | +237% |
| Current assets | 29/58 | €15,469 | €7,534 | -€7,935 | -51.3% |
| Amounts receivable within one year | 40/41 | €8,795 | €4,586 | -€4,209 | -47.9% |
| Trade receivables | 40 | €501 | €1,050 | +€549 | +110% |
| Other amounts receivable | 41 | €8,294 | €3,536 | -€4,758 | -57.4% |
| Cash at bank and in hand | 54/58 | €6,673 | €2,948 | -€3,726 | -55.8% |
| Total equity and liabilities | 10/49 | €56,708 | €104,659 | +€47,951 | +84.6% |
| Equity | 10/15 | €39,123 | €52,170 | +€13,047 | +33.3% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €37,923 | €50,970 | +€13,047 | +34.4% |
| Distributable reserves | 133 | €37,923 | €50,970 | +€13,047 | +34.4% |
| Amounts payable | 17/49 | €17,585 | €52,489 | +€34,904 | +198% |
| Amounts payable within one year | 42/48 | €17,585 | €52,489 | +€34,904 | +198% |
| Trade debts | 44 | €3,245 | €152 | -€3,093 | -95.3% |
| Suppliers | 440/4 | €3,245 | €152 | -€3,093 | -95.3% |
| Taxes, remuneration and social security | 45 | €14,340 | €22,994 | +€8,654 | +60.3% |
| Taxes | 450/3 | €14,340 | €22,994 | +€8,654 | +60.3% |
| Other amounts payable | 47/48 | - | €29,344 | +€29,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €5,074 | +€4,111 | +427% |
| Other operating charges | 640/8 | €988 | €1,464 | +€476 | +48.1% |
| Gross operating margin | 9900 | €52,615 | €28,782 | -€23,833 | -45.3% |
| Operating profit (loss) | 9901 | €50,664 | €22,244 | -€28,420 | -56.1% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €503 | €140 | -€363 | -72.2% |
| Recurring financial charges | 65 | €503 | €140 | -€363 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €50,161 | €22,127 | -€28,035 | -55.9% |
| Income taxes | 67/77 | €12,656 | €6,715 | -€5,941 | -46.9% |
| Profit (loss) for the period | 9904 | €37,505 | €15,412 | -€22,094 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,505 | €15,412 | -€22,094 | -58.9% |
Next steps
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 1 November 2026 via checked.be.