PETREX: 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.
PETREX
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Receivables after one year +€117,159
up €117,159 (+48.5%), from €241,405 to €358,564
- Cash +€113,173
up €113,173 (+4,940%), from €2,291 to €115,464
mainly Debts after one year (+€500,000) and Net result for the year (+€207,203)
- Reserves +€707,203
up €707,203 (+1,440%), from €49,123 to €756,326
of which Non-distributable reserves: +€510,360
- Profit (loss) carried forward -€500,000
down €500,000 (-45.9%), from €1.1m to €589,852
- Debts after one year +€500,000
new in 2025: €500,000
- Financial income +€41,043
up €41,043 (+21.3%), from €192,957 to €234,000
- Taxes +€20,759
up €20,759 (+6,106%), from €340 to €21,099
- Gross operating margin +€18,653
up €18,653 (+78.1%), from -€23,892 to -€5,239
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 | €1,901,315 | €2,629,456 | +€728,141 | +38.3% |
| Fixed assets | 21/28 | €1,655,285 | €1,655,285 | = | 0.0% |
| Financial fixed assets | 28 | €1,655,285 | €1,655,285 | = | 0.0% |
| Current assets | 29/58 | €246,030 | €974,171 | +€728,141 | +296% |
| Amounts receivable after more than one year | 29 | €241,405 | €358,564 | +€117,159 | +48.5% |
| Other amounts receivable | 291 | €241,405 | €358,564 | +€117,159 | +48.5% |
| Amounts receivable within one year | 40/41 | €2,334 | €143 | -€2,191 | -93.9% |
| Other amounts receivable | 41 | €2,334 | €143 | -€2,191 | -93.9% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €2,291 | €115,464 | +€113,173 | +4,940% |
| Total equity and liabilities | 10/49 | €1,901,315 | €2,629,456 | +€728,141 | +38.3% |
| Equity | 10/15 | €1,900,975 | €2,108,178 | +€207,203 | +10.9% |
| Contributions | 10/11 | €762,000 | €762,000 | = | 0.0% |
| Reserves | 13 | €49,123 | €756,326 | +€707,203 | +1,440% |
| Non-distributable reserves | 130/1 | €49,123 | €559,483 | +€510,360 | +1,039% |
| Reserves not available under the articles | 1311 | €49,123 | €59,483 | +€10,360 | +21.1% |
| Own shares acquired | 1312 | - | €500,000 | +€500,000 | |
| Distributable reserves | 133 | - | €196,843 | +€196,843 | |
| Profit (loss) carried forward | 14 | €1,089,852 | €589,852 | -€500,000 | -45.9% |
| Amounts payable | 17/49 | €340 | €521,278 | +€520,938 | +153,217% |
| Amounts payable after more than one year | 17 | - | €500,000 | +€500,000 | |
| Financial debts | 170/4 | - | €500,000 | +€500,000 | |
| Amounts payable within one year | 42/48 | €340 | €21,278 | +€20,938 | +6,158% |
| Trade debts | 44 | - | €179 | +€179 | |
| Suppliers | 440/4 | - | €179 | +€179 | |
| Taxes, remuneration and social security | 45 | €340 | €21,099 | +€20,759 | +6,106% |
| Taxes | 450/3 | €340 | €21,099 | +€20,759 | +6,106% |
| Other operating charges | 640/8 | €217 | €219 | +€2 | +0.9% |
| Gross operating margin | 9900 | -€23,892 | -€5,239 | +€18,653 | +78.1% |
| Operating profit (loss) | 9901 | -€24,109 | -€5,458 | +€18,651 | +77.4% |
| Financial income | 75/76B | €192,957 | €234,000 | +€41,043 | +21.3% |
| Recurring financial income | 75 | €192,957 | €234,000 | +€41,043 | +21.3% |
| Financial charges | 65/66B | €257 | €240 | -€17 | -6.6% |
| Recurring financial charges | 65 | €257 | €240 | -€17 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €168,591 | €228,302 | +€59,711 | +35.4% |
| Income taxes | 67/77 | €340 | €21,099 | +€20,759 | +6,106% |
| Profit (loss) for the period | 9904 | €168,251 | €207,203 | +€38,952 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €168,251 | €207,203 | +€38,952 | +23.2% |
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 27 October 2026 via checked.be.