PEMTEX: what changed
Two fiscal 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.
PEMTEX
Largest movements
- Receivables within one year +€64,163
up €64,163 (+33.6%), from €190,766 to €254,928
of which Trade receivables: +€90,652
- Tangible fixed assets -€33,967
down €33,967 (-11.2%), from €302,153 to €268,186
of which Furniture and vehicles: -€35,475
- Cash +€29,238
up €29,238 (+165.0%), from €17,723 to €46,961
mainly Other debts (+€168,061) and Depreciation (+€39,725)
- Receivables after one year -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Other debts +€168,061
up €168,061 (+401963.8%), from €42 to €168,103
- Trade debts -€72,264
down €72,264 (-44.0%), from €164,416 to €92,151
- Current portion of long-term debt -€38,936
down €38,936 (-50.0%), from €77,866 to €38,930
- Debts after one year -€38,930
down €38,930 (-25.9%), from €150,383 to €111,453
- Advances received +€27,204
new in 2025: €27,204
- Gross operating margin -€56,315
down €56,315 (-10.8%), from €520,288 to €463,973
- Taxes -€23,234
down €23,234 (-83.2%), from €27,914 to €4,680
- Depreciation +€16,552
up €16,552 (+71.4%), from €23,174 to €39,725
- Financial charges +€7,635
up €7,635 (+42.3%), from €18,044 to €25,679
- Staff costs +€7,491
up €7,491 (+2.0%), from €379,183 to €386,674
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.
Cash bridge derived
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 | €673,088 | €717,427 | +€44,339 | +6.6% |
| Fixed assets | 21/28 | €302,153 | €268,186 | -€33,967 | -11.2% |
| Tangible fixed assets | 22/27 | €302,153 | €268,186 | -€33,967 | -11.2% |
| Plant, machinery and equipment | 23 | €21,870 | €23,378 | +€1,508 | +6.9% |
| Furniture and vehicles | 24 | €280,283 | €244,808 | -€35,475 | -12.7% |
| Current assets | 29/58 | €370,935 | €449,241 | +€78,305 | +21.1% |
| Amounts receivable after more than one year | 29 | €15,000 | €0 | -€15,000 | -100.0% |
| Other amounts receivable | 291 | €15,000 | €0 | -€15,000 | -100.0% |
| Stocks and contracts in progress | 3 | €147,447 | €143,122 | -€4,325 | -2.9% |
| Stocks | 30/36 | €147,447 | €143,122 | -€4,325 | -2.9% |
| Amounts receivable within one year | 40/41 | €190,766 | €254,928 | +€64,163 | +33.6% |
| Trade receivables | 40 | €31,524 | €122,176 | +€90,652 | +287.6% |
| Other amounts receivable | 41 | €159,241 | €132,752 | -€26,489 | -16.6% |
| Cash at bank and in hand | 54/58 | €17,723 | €46,961 | +€29,238 | +165.0% |
| Deferred charges and accrued income | 490/1 | €0 | €4,229 | +€4,229 | |
| Total equity and liabilities | 10/49 | €673,088 | €717,427 | +€44,339 | +6.6% |
| Equity | 10/15 | €47,670 | €51,131 | +€3,461 | +7.3% |
| Contributions | 10/11 | €11,158 | €11,158 | = | 0.0% |
| Reserves | 13 | €36,512 | €39,973 | +€3,461 | +9.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,700 | €4,700 | = | 0.0% |
| Distributable reserves | 133 | €29,953 | €33,414 | +€3,461 | +11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €625,418 | €666,296 | +€40,878 | +6.5% |
| Amounts payable after more than one year | 17 | €150,383 | €111,453 | -€38,930 | -25.9% |
| Financial debts | 170/4 | €150,383 | €111,453 | -€38,930 | -25.9% |
| Amounts payable within one year | 42/48 | €469,000 | €551,490 | +€82,491 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €77,866 | €38,930 | -€38,936 | -50.0% |
| Financial debts | 43 | €182,142 | €191,632 | +€9,490 | +5.2% |
| Credit institutions | 430/8 | €182,142 | €191,632 | +€9,490 | +5.2% |
| Trade debts | 44 | €164,416 | €92,151 | -€72,264 | -44.0% |
| Suppliers | 440/4 | €164,416 | €92,151 | -€72,264 | -44.0% |
| Advances received on contracts in progress | 46 | - | €27,204 | +€27,204 | |
| Taxes, remuneration and social security | 45 | €44,534 | €33,470 | -€11,064 | -24.8% |
| Taxes | 450/3 | €9,450 | €9,620 | +€170 | +1.8% |
| Remuneration and social security | 454/9 | €35,084 | €23,850 | -€11,234 | -32.0% |
| Other amounts payable | 47/48 | €42 | €168,103 | +€168,061 | +401963.8% |
| Accrued charges and deferred income | 492/3 | €6,035 | €3,352 | -€2,683 | -44.5% |
| Non-recurring operating income | 76A | €4,614 | €505 | -€4,109 | -89.1% |
| Remuneration, social security and pensions | 62 | €379,183 | €386,674 | +€7,491 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,174 | €39,725 | +€16,552 | +71.4% |
| Other operating charges | 640/8 | €1,130 | €1,078 | -€52 | -4.6% |
| Non-recurring operating charges | 66A | €1,385 | €7,352 | +€5,967 | +430.8% |
| Gross operating margin | 9900 | €520,288 | €463,973 | -€56,315 | -10.8% |
| Operating profit (loss) | 9901 | €115,415 | €29,143 | -€86,272 | -74.7% |
| Financial income | 75/76B | €9,070 | €4,677 | -€4,393 | -48.4% |
| Recurring financial income | 75 | €9,070 | €4,677 | -€4,393 | -48.4% |
| Financial charges | 65/66B | €18,044 | €25,679 | +€7,635 | +42.3% |
| Recurring financial charges | 65 | €18,044 | €25,679 | +€7,635 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €106,441 | €8,141 | -€98,300 | -92.4% |
| Income taxes | 67/77 | €27,914 | €4,680 | -€23,234 | -83.2% |
| Profit (loss) for the period | 9904 | €78,527 | €3,461 | -€75,066 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,527 | €3,461 | -€75,066 | -95.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.