HEITE PETROLEUM: 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.
What changed
HEITE PETROLEUM
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€216,886
2024 · €127,713+€89,174
Equity
€1.7m
2024 · €1.6m+€126,886
Cash
€2.2m
2024 · €1.8m+€408,041
Balance sheet total
€5.1m
2024 · €5.9m-€780,953
Largest movements
Assets
- Receivables within one year -€1.0m
down €1.0m (-29.5%), from €3.4m to €2.4m
of which Trade receivables: -€928,496
- Cash +€408,041
up €408,041 (+22.9%), from €1.8m to €2.2m
mainly Receivables within one year (+€1.0m) and Net result for the year (+€216,886)
- Stocks and contracts -€184,140
down €184,140 (-37.8%), from €487,666 to €303,526
Equity and liabilities
- Trade debts -€947,895
down €947,895 (-27.8%), from €3.4m to €2.5m
- Reserves +€126,886
up €126,886 (+13.7%), from €924,227 to €1.1m
of which Distributable reserves: +€189,986
Income statement
- Goods and materials -€7.5m
down €7.5m (-15.7%), from €47.9m to €40.4m
of which Purchases: -€7.7m
- Turnover -€7.5m
down €7.5m (-15.2%), from €49.2m to €41.7m
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.
Result 2024
€127,713
Turnover
-€7.5m
Other operating income
-€1,240
Goods and materials
+€7.5m
Services and other goods
+€45,078
Staff costs
-€3,478
Depreciation
+€1,020
Write-downs
+€1,399
Other operating charges
-€752
Financial income
+€2,130
Financial charges
+€11,113
Taxes
-€19,386
Result 2025
€216,886
raises the resultlowers the result
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.
From operations
+€498,021
Investment
+€20
Financing
-€90,000
Cash 2024
€1.8m
From operations (derived)
+€498,021
Net result for the year
+€216,886
Depreciation
+€3,860
Stocks and contracts
+€184,140
Receivables within one year
+€1.0m
Deferred charges and accrued income
-€302
Trade debts
-€947,895
Tax, wage and social debts
+€30,059
Other debts
+€17,497
Accrued charges and deferred income
-€7,500
Investment (derived)
+€20
Investment in fixed assets (net)
+€20
Financing
-€90,000
Contributions, distributions and other
-€90,000
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,891,861 | €5,110,909 | -€780,953 | -13.3% |
| Fixed assets | 21/28 | €220,781 | €216,901 | -€3,880 | -1.8% |
| Tangible fixed assets | 22/27 | €220,685 | €216,825 | -€3,860 | -1.7% |
| Land and buildings | 22 | €202,672 | €202,672 | = | 0.0% |
| Furniture and vehicles | 24 | €18,013 | €14,153 | -€3,860 | -21.4% |
| Financial fixed assets | 28 | €96 | €76 | -€20 | -20.9% |
| Other financial fixed assets | 284/8 | €96 | €76 | -€20 | -20.9% |
| Amounts receivable and cash guarantees | 285/8 | €96 | €76 | -€20 | -20.9% |
| Current assets | 29/58 | €5,671,081 | €4,894,008 | -€777,073 | -13.7% |
| Stocks and contracts in progress | 3 | €487,666 | €303,526 | -€184,140 | -37.8% |
| Stocks | 30/36 | €487,666 | €303,526 | -€184,140 | -37.8% |
| Goods purchased for resale | 34 | €487,666 | €303,526 | -€184,140 | -37.8% |
| Amounts receivable within one year | 40/41 | €3,390,234 | €2,388,957 | -€1.0m | -29.5% |
| Trade receivables | 40 | €3,301,851 | €2,373,355 | -€928,496 | -28.1% |
| Other amounts receivable | 41 | €88,382 | €15,602 | -€72,780 | -82.3% |
| Cash at bank and in hand | 54/58 | €1,782,426 | €2,190,468 | +€408,041 | +22.9% |
| Deferred charges and accrued income | 490/1 | €10,755 | €11,057 | +€302 | +2.8% |
| Total equity and liabilities | 10/49 | €5,891,861 | €5,110,909 | -€780,953 | -13.3% |
| Equity | 10/15 | €1,563,685 | €1,690,571 | +€126,886 | +8.1% |
| Contributions | 10/11 | €636,304 | €636,304 | = | 0.0% |
| Reserves | 13 | €924,227 | €1,051,114 | +€126,886 | +13.7% |
| Non-distributable reserves | 130/1 | €63,100 | €0 | -€63,100 | -100% |
| Reserves not available under the articles | 1311 | €63,100 | €0 | -€63,100 | -100% |
| Tax-exempt reserves | 132 | €2,040 | €2,040 | = | 0.0% |
| Distributable reserves | 133 | €859,087 | €1,049,074 | +€189,986 | +22.1% |
| Investment grants | 15 | €3,154 | €3,154 | = | 0.0% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Environmental obligations | 163 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €4,278,176 | €3,370,337 | -€907,839 | -21.2% |
| Amounts payable after more than one year | 17 | €495,787 | €495,787 | = | 0.0% |
| Financial debts | 170/4 | €495,787 | €495,787 | = | 0.0% |
| Subordinated loans | 170 | €495,787 | €495,787 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,774,021 | €2,873,682 | -€900,339 | -23.9% |
| Trade debts | 44 | €3,414,027 | €2,466,133 | -€947,895 | -27.8% |
| Suppliers | 440/4 | €3,414,027 | €2,466,133 | -€947,895 | -27.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,705 | €44,764 | +€30,059 | +204% |
| Taxes | 450/3 | €1,525 | €23,765 | +€22,240 | +1,459% |
| Remuneration and social security | 454/9 | €13,180 | €20,999 | +€7,819 | +59.3% |
| Other amounts payable | 47/48 | €345,289 | €362,786 | +€17,497 | +5.1% |
| Accrued charges and deferred income | 492/3 | €8,368 | €868 | -€7,500 | -89.6% |
| Operating income | 70/76A | €49,186,165 | €41,694,321 | -€7.5m | -15.2% |
| Turnover | 70 | €49,159,122 | €41,668,518 | -€7.5m | -15.2% |
| Other operating income | 74 | €27,043 | €25,803 | -€1,240 | -4.6% |
| Operating charges | 60/66A | €48,993,724 | €41,406,562 | -€7.6m | -15.5% |
| Goods for resale, raw materials and consumables | 60 | €47,910,223 | €40,366,329 | -€7.5m | -15.7% |
| Purchases | 600/8 | €47,915,157 | €40,182,189 | -€7.7m | -16.1% |
| Change in stocks: decrease (increase) | 609 | -€4,934 | €184,140 | +€189,073 | |
| Services and other goods | 61 | €884,682 | €839,604 | -€45,078 | -5.1% |
| Remuneration, social security and pensions | 62 | €166,699 | €170,177 | +€3,478 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,880 | €3,860 | -€1,020 | -20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,399 | €0 | -€1,399 | -100% |
| Other operating charges | 640/8 | €25,840 | €26,592 | +€752 | +2.9% |
| Operating profit (loss) | 9901 | €192,442 | €287,759 | +€95,317 | +49.5% |
| Financial income | 75/76B | €456 | €2,585 | +€2,130 | +467% |
| Recurring financial income | 75 | €456 | €2,585 | +€2,130 | +467% |
| Income from current assets | 751 | - | €929 | +€929 | |
| Other financial income | 752/9 | €456 | €1,657 | +€1,201 | +263% |
| Financial charges | 65/66B | €40,882 | €29,769 | -€11,113 | -27.2% |
| Recurring financial charges | 65 | €40,882 | €29,769 | -€11,113 | -27.2% |
| Debt charges | 650 | €40,772 | €29,182 | -€11,590 | -28.4% |
| Other financial charges | 652/9 | €109 | €586 | +€477 | +436% |
| Profit (loss) for the period before taxes | 9903 | €152,016 | €260,576 | +€108,560 | +71.4% |
| Income taxes | 67/77 | €24,303 | €43,690 | +€19,386 | +79.8% |
| Taxes | 670/3 | €24,303 | €43,690 | +€19,386 | +79.8% |
| Profit (loss) for the period | 9904 | €127,713 | €216,886 | +€89,174 | +69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €127,713 | €216,886 | +€89,174 | +69.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.