PAC PETROL: 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.
PAC PETROL
Largest movements
- Receivables within one year +€46,952
up €46,952 (+48.8%), from €96,312 to €143,264
of which Other amounts receivable: +€64,685
- Deferred charges and accrued income +€20,247
new in 2025: €20,247
- Cash +€19,770
up €19,770 (+12.4%), from €159,925 to €179,695
mainly Debts after one year (+€77,501) and Depreciation (+€49,064)
- Trade debts -€79,590
down €79,590 (-13.9%), from €571,890 to €492,300
- Debts after one year +€77,501
up €77,501 (+130%), from €59,442 to €136,943
- Short-term financial debts +€35,556
up €35,556 (+153%), from €23,259 to €58,815
- Reserves +€31,000
up €31,000 (+38.3%), from €80,860 to €111,860
- Current portion of long-term debt +€15,952
up €15,952 (+205%), from €7,765 to €23,717
- Gross operating margin -€90,005
down €90,005 (-14.8%), from €608,563 to €518,558
- Taxes -€31,339
down €31,339 (-60.6%), from €51,685 to €20,346
- Staff costs +€26,268
up €26,268 (+7.2%), from €362,880 to €389,148
- Financial charges -€20,053
down €20,053 (-41.6%), from €48,238 to €28,185
- Other operating charges -€17,870
down €17,870 (-68.9%), from €25,918 to €8,049
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 | €1,202,515 | €1,288,492 | +€85,977 | +7.1% |
| Fixed assets | 21/28 | €300,738 | €297,842 | -€2,896 | -1.0% |
| Tangible fixed assets | 22/27 | €299,363 | €292,192 | -€7,171 | -2.4% |
| Plant, machinery and equipment | 23 | €0 | €2,550 | +€2,550 | |
| Furniture and vehicles | 24 | €105,529 | €84,288 | -€21,241 | -20.1% |
| Other tangible fixed assets | 26 | €193,834 | €205,353 | +€11,519 | +5.9% |
| Financial fixed assets | 28 | €1,375 | €5,650 | +€4,275 | +311% |
| Current assets | 29/58 | €901,777 | €990,650 | +€88,873 | +9.9% |
| Stocks and contracts in progress | 3 | €588,476 | €590,380 | +€1,904 | +0.3% |
| Stocks | 30/36 | €588,476 | €590,380 | +€1,904 | +0.3% |
| Amounts receivable within one year | 40/41 | €96,312 | €143,264 | +€46,952 | +48.8% |
| Trade receivables | 40 | €25,491 | €7,758 | -€17,733 | -69.6% |
| Other amounts receivable | 41 | €70,821 | €135,507 | +€64,685 | +91.3% |
| Current investments | 50/53 | €57,064 | €57,064 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €159,925 | €179,695 | +€19,770 | +12.4% |
| Deferred charges and accrued income | 490/1 | - | €20,247 | +€20,247 | |
| Total equity and liabilities | 10/49 | €1,202,515 | €1,288,492 | +€85,977 | +7.1% |
| Equity | 10/15 | €315,314 | €346,525 | +€31,211 | +9.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,860 | €111,860 | +€31,000 | +38.3% |
| Distributable reserves | 133 | €80,860 | €111,860 | +€31,000 | +38.3% |
| Profit (loss) carried forward | 14 | €222,054 | €222,265 | +€211 | +0.1% |
| Amounts payable | 17/49 | €887,201 | €941,967 | +€54,766 | +6.2% |
| Amounts payable after more than one year | 17 | €59,442 | €136,943 | +€77,501 | +130% |
| Financial debts | 170/4 | €59,442 | €136,943 | +€77,501 | +130% |
| Amounts payable within one year | 42/48 | €827,759 | €805,024 | -€22,735 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €7,765 | €23,717 | +€15,952 | +205% |
| Financial debts | 43 | €23,259 | €58,815 | +€35,556 | +153% |
| Credit institutions | 430/8 | €23,259 | €58,815 | +€35,556 | +153% |
| Trade debts | 44 | €571,890 | €492,300 | -€79,590 | -13.9% |
| Suppliers | 440/4 | €571,890 | €492,300 | -€79,590 | -13.9% |
| Taxes, remuneration and social security | 45 | €224,845 | €230,192 | +€5,347 | +2.4% |
| Taxes | 450/3 | €139,705 | €109,465 | -€30,240 | -21.6% |
| Remuneration and social security | 454/9 | €85,140 | €120,727 | +€35,587 | +41.8% |
| Remuneration, social security and pensions | 62 | €362,880 | €389,148 | +€26,268 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,997 | €49,064 | +€3,068 | +6.7% |
| Other operating charges | 640/8 | €25,918 | €8,049 | -€17,870 | -68.9% |
| Non-recurring operating charges | 66A | €4,801 | €0 | -€4,801 | -100% |
| Gross operating margin | 9900 | €608,563 | €518,558 | -€90,005 | -14.8% |
| Operating profit (loss) | 9901 | €168,966 | €72,297 | -€96,669 | -57.2% |
| Financial income | 75/76B | €10,786 | €7,445 | -€3,341 | -31.0% |
| Recurring financial income | 75 | €10,786 | €7,445 | -€3,341 | -31.0% |
| Financial charges | 65/66B | €48,238 | €28,185 | -€20,053 | -41.6% |
| Recurring financial charges | 65 | €48,238 | €28,185 | -€20,053 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €131,514 | €51,557 | -€79,957 | -60.8% |
| Income taxes | 67/77 | €51,685 | €20,346 | -€31,339 | -60.6% |
| Profit (loss) for the period | 9904 | €79,829 | €31,211 | -€48,618 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,829 | €31,211 | -€48,618 | -60.9% |
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 23 October 2026 via checked.be.