'T PETOETERKE: 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.
'T PETOETERKE
Largest movements
- Cash +€58,893
up €58,893 (+37.3%), from €157,949 to €216,842
mainly Net result for the year (+€119,297) and Other debts (+€66,360)
- Tangible fixed assets +€11,119
up €11,119 (+46.5%), from €23,930 to €35,049
of which Other tangible fixed assets: +€17,120
- Deferred charges and accrued income -€7,834
down €7,834 (-30.0%), from €26,077 to €18,243
- Receivables within one year +€6,543
up €6,543 (+109%), from €6,023 to €12,566
of which Other amounts receivable: +€12,566
- Other debts +€66,360
up €66,360 (+3,606%), from €1,840 to €68,200
- Reserves +€59,297
up €59,297 (+62.6%), from €94,788 to €154,085
- Trade debts -€41,717
down €41,717 (-90.4%), from €46,133 to €4,416
- Tax, wage and social debts -€15,100
down €15,100 (-22.3%), from €67,798 to €52,698
of which Taxes: -€21,985
- Gross operating margin +€123,853
up €123,853 (+55.4%), from €223,385 to €347,238
- Staff costs +€119,636
up €119,636 (+149%), from €80,085 to €199,721
- Taxes -€24,292
down €24,292 (-61.4%), from €39,537 to €15,246
- Depreciation +€3,645
up €3,645 (+45.4%), from €8,025 to €11,670
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 | €214,060 | €282,899 | +€68,839 | +32.2% |
| Fixed assets | 21/28 | €24,010 | €35,248 | +€11,238 | +46.8% |
| Tangible fixed assets | 22/27 | €23,930 | €35,049 | +€11,119 | +46.5% |
| Plant, machinery and equipment | 23 | - | €2,623 | +€2,623 | |
| Furniture and vehicles | 24 | €23,930 | €15,306 | -€8,624 | -36.0% |
| Other tangible fixed assets | 26 | - | €17,120 | +€17,120 | |
| Financial fixed assets | 28 | €81 | €199 | +€118 | +146% |
| Current assets | 29/58 | €190,050 | €247,651 | +€57,602 | +30.3% |
| Amounts receivable within one year | 40/41 | €6,023 | €12,566 | +€6,543 | +109% |
| Trade receivables | 40 | €6,023 | €0 | -€6,023 | -100% |
| Other amounts receivable | 41 | - | €12,566 | +€12,566 | |
| Cash at bank and in hand | 54/58 | €157,949 | €216,842 | +€58,893 | +37.3% |
| Deferred charges and accrued income | 490/1 | €26,077 | €18,243 | -€7,834 | -30.0% |
| Total equity and liabilities | 10/49 | €214,060 | €282,899 | +€68,839 | +32.2% |
| Equity | 10/15 | €98,288 | €157,585 | +€59,297 | +60.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €94,788 | €154,085 | +€59,297 | +62.6% |
| Distributable reserves | 133 | €94,788 | €154,085 | +€59,297 | +62.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €115,772 | €125,314 | +€9,542 | +8.2% |
| Amounts payable within one year | 42/48 | €115,772 | €125,314 | +€9,542 | +8.2% |
| Trade debts | 44 | €46,133 | €4,416 | -€41,717 | -90.4% |
| Suppliers | 440/4 | €46,133 | €4,416 | -€41,717 | -90.4% |
| Taxes, remuneration and social security | 45 | €67,798 | €52,698 | -€15,100 | -22.3% |
| Taxes | 450/3 | €39,537 | €17,552 | -€21,985 | -55.6% |
| Remuneration and social security | 454/9 | €28,261 | €35,146 | +€6,885 | +24.4% |
| Other amounts payable | 47/48 | €1,840 | €68,200 | +€66,360 | +3,606% |
| Remuneration, social security and pensions | 62 | €80,085 | €199,721 | +€119,636 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,025 | €11,670 | +€3,645 | +45.4% |
| Other operating charges | 640/8 | €483 | €466 | -€17 | -3.6% |
| Gross operating margin | 9900 | €223,385 | €347,238 | +€123,853 | +55.4% |
| Operating profit (loss) | 9901 | €134,791 | €135,381 | +€590 | +0.4% |
| Financial income | 75/76B | €0 | €431 | +€431 | +308,079% |
| Recurring financial income | 75 | €0 | €431 | +€431 | +308,079% |
| Financial charges | 65/66B | €466 | €1,269 | +€804 | +172% |
| Recurring financial charges | 65 | €466 | €1,269 | +€804 | +172% |
| Profit (loss) for the period before taxes | 9903 | €134,326 | €134,543 | +€217 | +0.2% |
| Income taxes | 67/77 | €39,537 | €15,246 | -€24,292 | -61.4% |
| Profit (loss) for the period | 9904 | €94,788 | €119,297 | +€24,509 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €94,788 | €119,297 | +€24,509 | +25.9% |
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 28 October 2026 via checked.be.