Petrec: 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.
Petrec
Largest movements
- Tangible fixed assets -€258,906
down €258,906 (-10.6%), from €2.4m to €2.2m
of which Plant, machinery and equipment: -€170,708
- Receivables after one year +€250,000
up €250,000 (+62.5%), from €400,000 to €650,000
- Receivables within one year +€203,674
up €203,674 (+83.2%), from €244,740 to €448,414
of which Trade receivables: +€231,354
- Current investments +€48,942
up €48,942 (+28.3%), from €172,992 to €221,934
- Profit (loss) carried forward +€354,556
up €354,556 (+39.5%), from €898,623 to €1.3m
- Debts after one year -€176,971
down €176,971 (-21.8%), from €810,222 to €633,251
- Trade debts +€64,778
up €64,778 (+59.3%), from €109,291 to €174,069
- Current portion of long-term debt -€43,978
down €43,978 (-19.9%), from €220,949 to €176,971
- Gross operating margin +€33,148
up €33,148 (+4.0%), from €825,870 to €859,018
- Depreciation -€22,355
down €22,355 (-6.9%), from €325,941 to €303,586
- Taxes +€20,901
up €20,901 (+22.2%), from €94,250 to €115,151
- Staff costs -€16,694
down €16,694 (-24.4%), from €68,333 to €51,639
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 | €3,757,626 | €4,034,211 | +€276,585 | +7.4% |
| Fixed assets | 21/28 | €2,446,752 | €2,187,846 | -€258,906 | -10.6% |
| Tangible fixed assets | 22/27 | €2,446,437 | €2,187,531 | -€258,906 | -10.6% |
| Land and buildings | 22 | €1,686,349 | €1,615,182 | -€71,168 | -4.2% |
| Plant, machinery and equipment | 23 | €713,067 | €542,359 | -€170,708 | -23.9% |
| Furniture and vehicles | 24 | €47,021 | €29,990 | -€17,030 | -36.2% |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €1,310,874 | €1,846,365 | +€535,491 | +40.8% |
| Amounts receivable after more than one year | 29 | €400,000 | €650,000 | +€250,000 | +62.5% |
| Other amounts receivable | 291 | €400,000 | €650,000 | +€250,000 | +62.5% |
| Amounts receivable within one year | 40/41 | €244,740 | €448,414 | +€203,674 | +83.2% |
| Trade receivables | 40 | €184,247 | €415,601 | +€231,354 | +125.6% |
| Other amounts receivable | 41 | €60,493 | €32,813 | -€27,681 | -45.8% |
| Current investments | 50/53 | €172,992 | €221,934 | +€48,942 | +28.3% |
| Cash at bank and in hand | 54/58 | €491,669 | €516,332 | +€24,663 | +5.0% |
| Deferred charges and accrued income | 490/1 | €1,473 | €9,685 | +€8,212 | +557.7% |
| Total equity and liabilities | 10/49 | €3,757,626 | €4,034,211 | +€276,585 | +7.4% |
| Equity | 10/15 | €2,432,783 | €2,787,339 | +€354,556 | +14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,521,760 | €1,521,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,519,900 | €1,519,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €898,623 | €1,253,179 | +€354,556 | +39.5% |
| Amounts payable | 17/49 | €1,324,843 | €1,246,872 | -€77,971 | -5.9% |
| Amounts payable after more than one year | 17 | €810,222 | €633,251 | -€176,971 | -21.8% |
| Financial debts | 170/4 | €810,222 | €633,251 | -€176,971 | -21.8% |
| Amounts payable within one year | 42/48 | €514,621 | €581,621 | +€67,000 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €220,949 | €176,971 | -€43,978 | -19.9% |
| Financial debts | 43 | €62,653 | €100,122 | +€37,469 | +59.8% |
| Credit institutions | 430/8 | €62,653 | €100,122 | +€37,469 | +59.8% |
| Trade debts | 44 | €109,291 | €174,069 | +€64,778 | +59.3% |
| Suppliers | 440/4 | €109,291 | €174,069 | +€64,778 | +59.3% |
| Taxes, remuneration and social security | 45 | €6,871 | €10,329 | +€3,459 | +50.3% |
| Taxes | 450/3 | €3,249 | €7,531 | +€4,281 | +131.8% |
| Remuneration and social security | 454/9 | €3,621 | €2,799 | -€823 | -22.7% |
| Other amounts payable | 47/48 | €114,857 | €120,129 | +€5,272 | +4.6% |
| Accrued charges and deferred income | 492/3 | - | €32,000 | +€32,000 | |
| Remuneration, social security and pensions | 62 | €68,333 | €51,639 | -€16,694 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325,941 | €303,586 | -€22,355 | -6.9% |
| Other operating charges | 640/8 | €18,002 | €23,146 | +€5,145 | +28.6% |
| Gross operating margin | 9900 | €825,870 | €859,018 | +€33,148 | +4.0% |
| Operating profit (loss) | 9901 | €413,594 | €480,647 | +€67,053 | +16.2% |
| Financial income | 75/76B | €1,393 | €2,214 | +€821 | +58.9% |
| Recurring financial income | 75 | €1,393 | €2,214 | +€821 | +58.9% |
| Financial charges | 65/66B | €15,242 | €13,154 | -€2,088 | -13.7% |
| Recurring financial charges | 65 | €15,242 | €13,154 | -€2,088 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €399,745 | €469,707 | +€69,961 | +17.5% |
| Income taxes | 67/77 | €94,250 | €115,151 | +€20,901 | +22.2% |
| Profit (loss) for the period | 9904 | €305,495 | €354,556 | +€49,061 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €305,495 | €354,556 | +€49,061 | +16.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.