PETRE: 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.
What changed
PETRE
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,135
2024 · €26,606-€12,471
Equity
€444,051
2024 · €429,916+€14,135
Cash
€10,191
2024 · €6,029+€4,162
Balance sheet total
€1.3m
2024 · €1.3m-€16,957
Largest movements
Assets
- Tangible fixed assets -€74,379
down €74,379 (-7.2%), from €1.0m to €959,860
of which Land and buildings: -€75,510
- Current investments +€39,548
up €39,548 (+15.8%), from €250,921 to €290,469
Equity and liabilities
- Debts after one year -€31,090
down €31,090 (-66.9%), from €46,499 to €15,409
of which Financial debts: -€31,250
- Profit (loss) carried forward +€14,135
up €14,135 (+8.9%), from €159,016 to €173,151
Income statement
- Gross operating margin -€11,941
down €11,941 (-8.6%), from €138,364 to €126,423
- Depreciation +€4,879
up €4,879 (+6.6%), from €74,136 to €79,015
- Taxes -€4,172
down €4,172 (-52.5%), from €7,953 to €3,782
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.
Result 2024
€26,606
Gross operating margin
-€11,941
Depreciation
-€4,879
Other operating charges
-€766
Financial income
-€132
Financial charges
+€1,075
Taxes
+€4,172
Result 2025
€14,135
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.
From operations
+€79,436
Investment
-€44,184
Financing
-€31,090
Cash 2024
€6,029
From operations (derived)
+€79,436
Net result for the year
+€14,135
Depreciation
+€79,015
Receivables within one year
-€11,118
Deferred charges and accrued income
-€2,594
Trade debts
+€2,085
Tax, wage and social debts
-€2,600
Other debts
-€638
Accrued charges and deferred income
+€1,150
Investment (derived)
-€44,184
Investment in fixed assets (net)
-€4,636
Current investments
-€39,548
Financing
-€31,090
Debts after one year
-€31,090
Cash 2025
€10,191
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,319,532 | €1,302,575 | -€16,957 | -1.3% |
| Fixed assets | 21/28 | €1,034,239 | €959,860 | -€74,379 | -7.2% |
| Tangible fixed assets | 22/27 | €1,034,239 | €959,860 | -€74,379 | -7.2% |
| Land and buildings | 22 | €1,034,239 | €958,729 | -€75,510 | -7.3% |
| Furniture and vehicles | 24 | - | €1,131 | +€1,131 | |
| Current assets | 29/58 | €285,293 | €342,715 | +€57,422 | +20.1% |
| Amounts receivable within one year | 40/41 | €26,216 | €37,334 | +€11,118 | +42.4% |
| Trade receivables | 40 | €3,035 | €11,495 | +€8,460 | +278.7% |
| Other amounts receivable | 41 | €23,181 | €25,839 | +€2,659 | +11.5% |
| Current investments | 50/53 | €250,921 | €290,469 | +€39,548 | +15.8% |
| Cash at bank and in hand | 54/58 | €6,029 | €10,191 | +€4,162 | +69.0% |
| Deferred charges and accrued income | 490/1 | €2,126 | €4,720 | +€2,594 | +122.0% |
| Total equity and liabilities | 10/49 | €1,319,532 | €1,302,575 | -€16,957 | -1.3% |
| Equity | 10/15 | €429,916 | €444,051 | +€14,135 | +3.3% |
| Contributions | 10/11 | €185,900 | €185,900 | = | 0.0% |
| Capital | 10 | €185,900 | €185,900 | = | 0.0% |
| Issued capital | 100 | €185,900 | €185,900 | = | 0.0% |
| Reserves | 13 | €85,000 | €85,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,016 | €173,151 | +€14,135 | +8.9% |
| Provisions and deferred taxes | 16 | €145,325 | €145,325 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €145,325 | €145,325 | = | 0.0% |
| Other liabilities and charges | 164/5 | €145,325 | €145,325 | = | 0.0% |
| Amounts payable | 17/49 | €744,291 | €713,199 | -€31,092 | -4.2% |
| Amounts payable after more than one year | 17 | €46,499 | €15,409 | -€31,090 | -66.9% |
| Financial debts | 170/4 | €37,759 | €6,509 | -€31,250 | -82.8% |
| Other amounts payable | 178/9 | €8,740 | €8,900 | +€160 | +1.8% |
| Amounts payable within one year | 42/48 | €697,792 | €696,640 | -€1,152 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €31,250 | €31,250 | = | 0.0% |
| Trade debts | 44 | €1,150 | €3,235 | +€2,085 | +181.4% |
| Suppliers | 440/4 | €1,150 | €3,235 | +€2,085 | +181.4% |
| Taxes, remuneration and social security | 45 | €2,600 | - | -€2,600 | |
| Taxes | 450/3 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | €662,792 | €662,155 | -€638 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €1,150 | +€1,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,136 | €79,015 | +€4,879 | +6.6% |
| Other operating charges | 640/8 | €28,809 | €29,575 | +€766 | +2.7% |
| Gross operating margin | 9900 | €138,364 | €126,423 | -€11,941 | -8.6% |
| Operating profit (loss) | 9901 | €35,419 | €17,833 | -€17,586 | -49.7% |
| Financial income | 75/76B | €2,259 | €2,127 | -€132 | -5.8% |
| Recurring financial income | 75 | €2,259 | €2,127 | -€132 | -5.8% |
| Financial charges | 65/66B | €3,119 | €2,043 | -€1,075 | -34.5% |
| Recurring financial charges | 65 | €3,119 | €2,043 | -€1,075 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €34,559 | €17,917 | -€16,642 | -48.2% |
| Income taxes | 67/77 | €7,953 | €3,782 | -€4,172 | -52.5% |
| Profit (loss) for the period | 9904 | €26,606 | €14,135 | -€12,471 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,606 | €14,135 | -€12,471 | -46.9% |
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 11 October 2026 via checked.be.