PETRA VENTURES: 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.
PETRA VENTURES
Largest movements
- Current investments -€13.9m
down €13.9m (-21.7%), from €64.1m to €50.2m
- Financial fixed assets +€1.9m
up €1.9m (+2.8%), from €65.8m to €67.6m
- Debts after one year -€39.4m
no longer reported in 2025 (was €39.4m)
- Reserves +€27.5m
up €27.5m (+30.4%), from €90.5m to €118.0m
- Financial income -€40.9m
down €40.9m (-59.8%), from €68.5m to €27.5m
- Gross operating margin -€1.3m
down €1.3m (-83.5%), from €1.5m to €248,632
- Taxes -€152,647
down €152,647 (-39.6%), from €385,340 to €232,692
- Financial charges +€81,540
up €81,540 (+1840.8%), from €4,430 to €85,970
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 | €130,405,763 | €118,356,116 | -€12.0m | -9.2% |
| Fixed assets | 21/28 | €65,767,692 | €67,629,110 | +€1.9m | +2.8% |
| Tangible fixed assets | 22/27 | €13,888 | €5,524 | -€8,364 | -60.2% |
| Furniture and vehicles | 24 | €13,888 | €5,524 | -€8,364 | -60.2% |
| Financial fixed assets | 28 | €65,753,803 | €67,623,586 | +€1.9m | +2.8% |
| Current assets | 29/58 | €64,638,072 | €50,727,005 | -€13.9m | -21.5% |
| Amounts receivable within one year | 40/41 | €284,956 | €162,628 | -€122,327 | -42.9% |
| Trade receivables | 40 | €284,956 | €161,628 | -€123,327 | -43.3% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Current investments | 50/53 | €64,126,507 | €50,226,219 | -€13.9m | -21.7% |
| Cash at bank and in hand | 54/58 | €226,609 | €336,537 | +€109,928 | +48.5% |
| Deferred charges and accrued income | 490/1 | - | €1,621 | +€1,621 | |
| Total equity and liabilities | 10/49 | €130,405,763 | €118,356,116 | -€12.0m | -9.2% |
| Equity | 10/15 | €90,728,954 | €118,184,863 | +€27.5m | +30.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €90,500,000 | €118,000,000 | +€27.5m | +30.4% |
| Distributable reserves | 133 | €90,500,000 | €118,000,000 | +€27.5m | +30.4% |
| Profit (loss) carried forward | 14 | €197,954 | €153,863 | -€44,092 | -22.3% |
| Amounts payable | 17/49 | €39,676,809 | €171,253 | -€39.5m | -99.6% |
| Amounts payable after more than one year | 17 | €39,394,000 | - | -€39.4m | |
| Other amounts payable | 178/9 | €39,394,000 | - | -€39.4m | |
| Amounts payable within one year | 42/48 | €282,809 | €171,253 | -€111,556 | -39.4% |
| Trade debts | 44 | €184,494 | €38,375 | -€146,120 | -79.2% |
| Suppliers | 440/4 | €184,494 | €38,375 | -€146,120 | -79.2% |
| Taxes, remuneration and social security | 45 | €97,835 | €132,878 | +€35,044 | +35.8% |
| Taxes | 450/3 | €81,562 | €123,278 | +€41,716 | +51.1% |
| Remuneration and social security | 454/9 | €16,273 | €9,601 | -€6,672 | -41.0% |
| Other amounts payable | 47/48 | €480 | - | -€480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,899 | €11,886 | -€13 | -0.1% |
| Other operating charges | 640/8 | €461 | €1,301 | +€840 | +182.2% |
| Gross operating margin | 9900 | €1,511,046 | €248,632 | -€1.3m | -83.5% |
| Operating profit (loss) | 9901 | €1,498,686 | €235,445 | -€1.3m | -84.3% |
| Financial income | 75/76B | €68,463,961 | €27,539,126 | -€40.9m | -59.8% |
| Recurring financial income | 75 | €68,463,961 | €27,539,126 | -€40.9m | -59.8% |
| Financial charges | 65/66B | €4,430 | €85,970 | +€81,540 | +1840.8% |
| Recurring financial charges | 65 | €4,430 | €85,970 | +€81,540 | +1840.8% |
| Profit (loss) for the period before taxes | 9903 | €69,958,217 | €27,688,601 | -€42.3m | -60.4% |
| Income taxes | 67/77 | €385,340 | €232,692 | -€152,647 | -39.6% |
| Profit (loss) for the period | 9904 | €69,572,878 | €27,455,908 | -€42.1m | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,572,878 | €27,455,908 | -€42.1m | -60.5% |
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 3 October 2026 via checked.be.