Petrel: 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.
Petrel
Largest movements
- Cash +€48,763
up €48,763 (+68.5%), from €71,141 to €119,904
mainly Net result for the year (+€98,944) and Depreciation (+€35,211)
- Tangible fixed assets -€23,254
down €23,254 (-6.1%), from €381,457 to €358,203
of which Land and buildings: -€19,724
- Current investments -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Reserves +€98,944
up €98,944 (+61.9%), from €159,756 to €258,700
- Debts after one year -€45,662
down €45,662 (-18.9%), from €241,752 to €196,090
- Tax, wage and social debts -€39,309
down €39,309 (-50.1%), from €78,452 to €39,143
of which Taxes: -€45,186
- Other debts +€6,045
up €6,045 (+46.4%), from €13,030 to €19,076
- Gross operating margin -€36,524
down €36,524 (-10.2%), from €358,585 to €322,061
- Depreciation +€26,989
up €26,989 (+328.2%), from €8,222 to €35,211
- Taxes -€20,019
down €20,019 (-41.5%), from €48,265 to €28,246
- Staff costs +€12,210
up €12,210 (+9.3%), from €131,622 to €143,832
- Financial charges +€8,246
up €8,246 (+113.3%), from €7,278 to €15,524
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 | €529,268 | €549,012 | +€19,743 | +3.7% |
| Fixed assets | 21/28 | €381,557 | €358,803 | -€22,754 | -6.0% |
| Tangible fixed assets | 22/27 | €381,457 | €358,203 | -€23,254 | -6.1% |
| Land and buildings | 22 | €317,289 | €297,565 | -€19,724 | -6.2% |
| Plant, machinery and equipment | 23 | €57,412 | €52,256 | -€5,156 | -9.0% |
| Furniture and vehicles | 24 | €6,757 | €8,382 | +€1,625 | +24.1% |
| Financial fixed assets | 28 | €100 | €600 | +€500 | +500.0% |
| Current assets | 29/58 | €147,711 | €190,209 | +€42,498 | +28.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,480 | €4,506 | +€1,025 | +29.5% |
| Stocks | 30/36 | €3,480 | €4,506 | +€1,025 | +29.5% |
| Amounts receivable within one year | 40/41 | €1,387 | €5,264 | +€3,877 | +279.6% |
| Trade receivables | 40 | €1,383 | €1,174 | -€209 | -15.1% |
| Other amounts receivable | 41 | €4 | €4,090 | +€4,086 | +105043.2% |
| Current investments | 50/53 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €71,141 | €119,904 | +€48,763 | +68.5% |
| Deferred charges and accrued income | 490/1 | €11,702 | €10,534 | -€1,168 | -10.0% |
| Total equity and liabilities | 10/49 | €529,268 | €549,012 | +€19,743 | +3.7% |
| Equity | 10/15 | €165,006 | €263,950 | +€98,944 | +60.0% |
| Contributions | 10/11 | €5,250 | €5,250 | = | 0.0% |
| Reserves | 13 | €159,756 | €258,700 | +€98,944 | +61.9% |
| Distributable reserves | 133 | €159,756 | €258,700 | +€98,944 | +61.9% |
| Amounts payable | 17/49 | €364,263 | €285,062 | -€79,201 | -21.7% |
| Amounts payable after more than one year | 17 | €241,752 | €196,090 | -€45,662 | -18.9% |
| Financial debts | 170/4 | €241,752 | €196,090 | -€45,662 | -18.9% |
| Amounts payable within one year | 42/48 | €122,511 | €88,043 | -€34,468 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €19,367 | €16,038 | -€3,328 | -17.2% |
| Trade debts | 44 | €11,662 | €13,786 | +€2,124 | +18.2% |
| Suppliers | 440/4 | €11,662 | €13,786 | +€2,124 | +18.2% |
| Taxes, remuneration and social security | 45 | €78,452 | €39,143 | -€39,309 | -50.1% |
| Taxes | 450/3 | €67,847 | €22,661 | -€45,186 | -66.6% |
| Remuneration and social security | 454/9 | €10,605 | €16,481 | +€5,877 | +55.4% |
| Other amounts payable | 47/48 | €13,030 | €19,076 | +€6,045 | +46.4% |
| Accrued charges and deferred income | 492/3 | - | €929 | +€929 | |
| Non-recurring operating income | 76A | - | €700 | +€700 | |
| Remuneration, social security and pensions | 62 | €131,622 | €143,832 | +€12,210 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,222 | €35,211 | +€26,989 | +328.2% |
| Other operating charges | 640/8 | €3,491 | €1,827 | -€1,664 | -47.7% |
| Gross operating margin | 9900 | €358,585 | €322,061 | -€36,524 | -10.2% |
| Operating profit (loss) | 9901 | €215,249 | €141,191 | -€74,059 | -34.4% |
| Financial income | 75/76B | €50 | €1,524 | +€1,474 | +2949.3% |
| Recurring financial income | 75 | €50 | €1,524 | +€1,474 | +2949.3% |
| Financial charges | 65/66B | €7,278 | €15,524 | +€8,246 | +113.3% |
| Recurring financial charges | 65 | €7,278 | €15,524 | +€8,246 | +113.3% |
| Profit (loss) for the period before taxes | 9903 | €208,021 | €127,190 | -€80,831 | -38.9% |
| Income taxes | 67/77 | €48,265 | €28,246 | -€20,019 | -41.5% |
| Profit (loss) for the period | 9904 | €159,756 | €98,944 | -€60,812 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €159,756 | €98,944 | -€60,812 | -38.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.