PETRAM: 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.
PETRAM
Largest movements
- Receivables within one year +€61,079
up €61,079 (+15.6%), from €390,328 to €451,407
of which Other amounts receivable: +€117,071
- Cash +€21,240
up €21,240 (+193%), from €11,017 to €32,257
mainly Net result for the year (+€70,414) and Contributions, distributions and other (+€22,728)
- Tangible fixed assets -€7,765
no longer reported in 2025 (was €7,765)
of which Plant, machinery and equipment: -€4,275
- Reserves +€70,000
up €70,000 (+20.1%), from €347,681 to €417,681
- Profit (loss) carried forward +€23,142
up €23,142 (+53.1%), from €43,610 to €66,751
- Tax, wage and social debts -€17,030
down €17,030 (-91.2%), from €18,664 to €1,634
of which Taxes: -€13,030
- Gross operating margin +€24,698
up €24,698 (+30.5%), from €81,103 to €105,802
- Taxes +€12,594
up €12,594 (+92.6%), from €13,606 to €26,200
- Depreciation +€7,585
up €7,585 (+778%), from €975 to €8,560
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 | €409,955 | €486,067 | +€76,112 | +18.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €8,115 | €350 | -€7,765 | -95.7% |
| Tangible fixed assets | 22/27 | €7,765 | - | -€7,765 | |
| Plant, machinery and equipment | 23 | €4,275 | - | -€4,275 | |
| Furniture and vehicles | 24 | €3,490 | - | -€3,490 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €401,839 | €485,717 | +€83,878 | +20.9% |
| Amounts receivable within one year | 40/41 | €390,328 | €451,407 | +€61,079 | +15.6% |
| Trade receivables | 40 | €55,992 | - | -€55,992 | |
| Other amounts receivable | 41 | €334,336 | €451,407 | +€117,071 | +35.0% |
| Cash at bank and in hand | 54/58 | €11,017 | €32,257 | +€21,240 | +193% |
| Deferred charges and accrued income | 490/1 | €494 | €2,053 | +€1,559 | +315% |
| Total equity and liabilities | 10/49 | €409,955 | €486,067 | +€76,112 | +18.6% |
| Equity | 10/15 | €391,291 | €484,433 | +€93,142 | +23.8% |
| Reserves | 13 | €347,681 | €417,681 | +€70,000 | +20.1% |
| Distributable reserves | 133 | €347,681 | €417,681 | +€70,000 | +20.1% |
| Profit (loss) carried forward | 14 | €43,610 | €66,751 | +€23,142 | +53.1% |
| Amounts payable | 17/49 | €18,664 | €1,634 | -€17,030 | -91.2% |
| Amounts payable within one year | 42/48 | €18,664 | €1,634 | -€17,030 | -91.2% |
| Taxes, remuneration and social security | 45 | €18,664 | €1,634 | -€17,030 | -91.2% |
| Taxes | 450/3 | €14,664 | €1,634 | -€13,030 | -88.9% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €975 | €8,560 | +€7,585 | +778% |
| Other operating charges | 640/8 | €112 | €512 | +€400 | +357% |
| Gross operating margin | 9900 | €81,103 | €105,802 | +€24,698 | +30.5% |
| Operating profit (loss) | 9901 | €80,016 | €96,730 | +€16,713 | +20.9% |
| Financial charges | 65/66B | €74 | €116 | +€42 | +57.1% |
| Recurring financial charges | 65 | €74 | €116 | +€42 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €79,943 | €96,614 | +€16,671 | +20.9% |
| Income taxes | 67/77 | €13,606 | €26,200 | +€12,594 | +92.6% |
| Profit (loss) for the period | 9904 | €66,337 | €70,414 | +€4,077 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,337 | €70,414 | +€4,077 | +6.1% |
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 26 October 2026 via checked.be.