THOMAS PETITJEAN: 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.
THOMAS PETITJEAN
Largest movements
- Cash +€2,895
up €2,895 (+27.5%), from €10,523 to €13,419
mainly Net result for the year (+€2,997) and Depreciation (+€2,769)
- Tangible fixed assets -€2,769
down €2,769 (-39.9%), from €6,935 to €4,166
- Deferred charges and accrued income +€420
up €420 (+764%), from €55 to €475
- Reserves -€6,400
down €6,400 (-32.4%), from €19,724 to €13,324
of which Distributable reserves: -€6,400
- Profit (loss) carried forward +€2,997
up €2,997 (+26.8%), from -€11,194 to -€8,196
- Tax, wage and social debts +€2,384
up €2,384 (+705%), from €338 to €2,722
- Other debts +€1,420
up €1,420 (+61.4%), from €2,312 to €3,731
- Depreciation +€995
up €995 (+56.1%), from €1,774 to €2,769
- Taxes +€697
up €697 (+405%), from €172 to €869
- Gross operating margin +€596
up €596 (+9.0%), from €6,603 to €7,199
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 | €18,013 | €18,560 | +€547 | +3.0% |
| Fixed assets | 21/28 | €7,435 | €4,666 | -€2,769 | -37.2% |
| Tangible fixed assets | 22/27 | €6,935 | €4,166 | -€2,769 | -39.9% |
| Plant, machinery and equipment | 23 | €6,935 | €4,166 | -€2,769 | -39.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €10,578 | €13,894 | +€3,315 | +31.3% |
| Cash at bank and in hand | 54/58 | €10,523 | €13,419 | +€2,895 | +27.5% |
| Deferred charges and accrued income | 490/1 | €55 | €475 | +€420 | +764% |
| Total equity and liabilities | 10/49 | €18,013 | €18,560 | +€547 | +3.0% |
| Equity | 10/15 | €14,730 | €11,327 | -€3,403 | -23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,724 | €13,324 | -€6,400 | -32.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,864 | €11,464 | -€6,400 | -35.8% |
| Profit (loss) carried forward | 14 | -€11,194 | -€8,196 | +€2,997 | +26.8% |
| Amounts payable | 17/49 | €3,283 | €7,232 | +€3,949 | +120% |
| Amounts payable within one year | 42/48 | €3,283 | €7,232 | +€3,949 | +120% |
| Trade debts | 44 | €634 | €779 | +€146 | +23.0% |
| Suppliers | 440/4 | €634 | €779 | +€146 | +23.0% |
| Taxes, remuneration and social security | 45 | €338 | €2,722 | +€2,384 | +705% |
| Taxes | 450/3 | €338 | €2,722 | +€2,384 | +705% |
| Other amounts payable | 47/48 | €2,312 | €3,731 | +€1,420 | +61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,774 | €2,769 | +€995 | +56.1% |
| Other operating charges | 640/8 | €338 | €350 | +€11 | +3.4% |
| Gross operating margin | 9900 | €6,603 | €7,199 | +€596 | +9.0% |
| Operating profit (loss) | 9901 | €4,491 | €4,080 | -€411 | -9.1% |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €211 | €214 | +€3 | +1.6% |
| Recurring financial charges | 65 | €211 | €214 | +€3 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €4,301 | €3,867 | -€434 | -10.1% |
| Income taxes | 67/77 | €172 | €869 | +€697 | +405% |
| Profit (loss) for the period | 9904 | €4,128 | €2,997 | -€1,131 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,128 | €2,997 | -€1,131 | -27.4% |
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.