PETRALIM: 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.
PETRALIM
Largest movements
- Tangible fixed assets -€158,116
down €158,116 (-23.0%), from €686,601 to €528,486
of which Plant, machinery and equipment: -€82,956
- Stocks and contracts +€99,963
up €99,963 (+19.0%), from €524,976 to €624,939
of which Contracts in progress: +€70,000
- Receivables within one year -€74,724
down €74,724 (-42.5%), from €176,014 to €101,290
of which Trade receivables: -€73,307
- Cash +€16,175
up €16,175 (+153%), from €10,568 to €26,743
mainly Depreciation (+€160,616) and Receivables within one year (+€74,724)
- Debts after one year -€95,367
down €95,367 (-14.5%), from €656,449 to €561,082
- Tax, wage and social debts -€27,800
down €27,800 (-29.4%), from €94,472 to €66,672
of which Remuneration and social security: -€21,885
- Reserves -€26,530
down €26,530 (-23.2%), from €114,233 to €87,703
of which Distributable reserves: -€26,530
- Short-term financial debts +€25,000
up €25,000 (+20.0%), from €125,000 to €150,000
- Gross operating margin -€92,890
down €92,890 (-9.7%), from €959,329 to €866,440
- Staff costs -€58,675
down €58,675 (-8.9%), from €659,487 to €600,812
- Depreciation +€21,363
up €21,363 (+15.3%), from €139,253 to €160,616
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,404,549 | €1,289,544 | -€115,005 | -8.2% |
| Fixed assets | 21/28 | €686,901 | €528,786 | -€158,116 | -23.0% |
| Tangible fixed assets | 22/27 | €686,601 | €528,486 | -€158,116 | -23.0% |
| Land and buildings | 22 | €166,760 | €145,753 | -€21,007 | -12.6% |
| Plant, machinery and equipment | 23 | €297,068 | €214,112 | -€82,956 | -27.9% |
| Furniture and vehicles | 24 | €362 | €161 | -€201 | -55.5% |
| Leasing and similar rights | 25 | €222,411 | €168,460 | -€53,952 | -24.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €717,648 | €760,759 | +€43,111 | +6.0% |
| Stocks and contracts in progress | 3 | €524,976 | €624,939 | +€99,963 | +19.0% |
| Stocks | 30/36 | €524,976 | €554,939 | +€29,963 | +5.7% |
| Contracts in progress | 37 | - | €70,000 | +€70,000 | |
| Amounts receivable within one year | 40/41 | €176,014 | €101,290 | -€74,724 | -42.5% |
| Trade receivables | 40 | €174,597 | €101,290 | -€73,307 | -42.0% |
| Other amounts receivable | 41 | €1,417 | - | -€1,417 | |
| Cash at bank and in hand | 54/58 | €10,568 | €26,743 | +€16,175 | +153% |
| Deferred charges and accrued income | 490/1 | €6,089 | €7,787 | +€1,697 | +27.9% |
| Total equity and liabilities | 10/49 | €1,404,549 | €1,289,544 | -€115,005 | -8.2% |
| Equity | 10/15 | €176,233 | €149,703 | -€26,530 | -15.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €114,233 | €87,703 | -€26,530 | -23.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €108,033 | €81,503 | -€26,530 | -24.6% |
| Amounts payable | 17/49 | €1,228,316 | €1,139,841 | -€88,475 | -7.2% |
| Amounts payable after more than one year | 17 | €656,449 | €561,082 | -€95,367 | -14.5% |
| Financial debts | 170/4 | €656,449 | €561,082 | -€95,367 | -14.5% |
| Amounts payable within one year | 42/48 | €571,867 | €578,759 | +€6,892 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €95,730 | €98,434 | +€2,705 | +2.8% |
| Financial debts | 43 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Other loans | 439 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Trade debts | 44 | €229,156 | €236,143 | +€6,987 | +3.0% |
| Suppliers | 440/4 | €229,156 | €236,143 | +€6,987 | +3.0% |
| Taxes, remuneration and social security | 45 | €94,472 | €66,672 | -€27,800 | -29.4% |
| Taxes | 450/3 | €30,154 | €24,239 | -€5,915 | -19.6% |
| Remuneration and social security | 454/9 | €64,318 | €42,433 | -€21,885 | -34.0% |
| Other amounts payable | 47/48 | €27,510 | €27,510 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €659,487 | €600,812 | -€58,675 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,253 | €160,616 | +€21,363 | +15.3% |
| Other operating charges | 640/8 | €19,166 | €19,971 | +€805 | +4.2% |
| Gross operating margin | 9900 | €959,329 | €866,440 | -€92,890 | -9.7% |
| Operating profit (loss) | 9901 | €141,424 | €85,042 | -€56,382 | -39.9% |
| Financial income | 75/76B | €1,924 | €590 | -€1,334 | -69.4% |
| Recurring financial income | 75 | €1,924 | €590 | -€1,334 | -69.4% |
| Financial charges | 65/66B | €28,929 | €36,598 | +€7,669 | +26.5% |
| Recurring financial charges | 65 | €28,929 | €36,598 | +€7,669 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €114,419 | €49,033 | -€65,386 | -57.1% |
| Income taxes | 67/77 | €22,759 | €13,363 | -€9,397 | -41.3% |
| Profit (loss) for the period | 9904 | €91,660 | €35,670 | -€55,989 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,660 | €35,670 | -€55,989 | -61.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.