PETROLEUM MANAGEMENT: 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.
PETROLEUM MANAGEMENT
Largest movements
- Receivables within one year +€210,678
up €210,678 (+15.6%), from €1.4m to €1.6m
of which Other amounts receivable: +€315,669
- Cash +€58,961
up €58,961 (+2,458%), from €2,399 to €61,359
mainly Other debts (+€212,763) and Short-term financial debts (+€70,000)
- Other debts +€212,763
up €212,763 (+11.8%), from €1.8m to €2.0m
- Short-term financial debts +€70,000
new in 2025: €70,000
- Tax, wage and social debts -€47,898
down €47,898 (-42.4%), from €113,002 to €65,105
- Profit (loss) carried forward +€37,361
up €37,361 (+2.8%), from €1.3m to €1.4m
- Gross operating margin +€24,242
up €24,242 (+38.4%), from €63,145 to €87,387
- Financial charges -€16,640
down €16,640 (-34.6%), from €48,082 to €31,442
- Other operating charges -€2,747
down €2,747 (-46.9%), from €5,860 to €3,112
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 | €3,442,913 | €3,705,909 | +€262,995 | +7.6% |
| Fixed assets | 21/28 | €2,088,074 | €2,081,431 | -€6,643 | -0.3% |
| Intangible fixed assets | 21 | €3,373 | - | -€3,373 | |
| Tangible fixed assets | 22/27 | €127,867 | €124,596 | -€3,270 | -2.6% |
| Land and buildings | 22 | €126,848 | €120,483 | -€6,366 | -5.0% |
| Plant, machinery and equipment | 23 | €23 | - | -€23 | |
| Furniture and vehicles | 24 | €996 | €4,114 | +€3,118 | +313% |
| Financial fixed assets | 28 | €1,956,835 | €1,956,835 | = | 0.0% |
| Current assets | 29/58 | €1,354,839 | €1,624,477 | +€269,638 | +19.9% |
| Amounts receivable within one year | 40/41 | €1,352,440 | €1,563,118 | +€210,678 | +15.6% |
| Trade receivables | 40 | €199,872 | €94,880 | -€104,992 | -52.5% |
| Other amounts receivable | 41 | €1,152,569 | €1,468,238 | +€315,669 | +27.4% |
| Cash at bank and in hand | 54/58 | €2,399 | €61,359 | +€58,961 | +2,458% |
| Total equity and liabilities | 10/49 | €3,442,913 | €3,705,909 | +€262,995 | +7.6% |
| Equity | 10/15 | €1,395,671 | €1,433,033 | +€37,361 | +2.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,334,171 | €1,371,533 | +€37,361 | +2.8% |
| Amounts payable | 17/49 | €2,047,242 | €2,272,876 | +€225,634 | +11.0% |
| Amounts payable after more than one year | 17 | €61,382 | €49,226 | -€12,156 | -19.8% |
| Financial debts | 170/4 | €61,382 | €49,226 | -€12,156 | -19.8% |
| Amounts payable within one year | 42/48 | €1,985,860 | €2,223,650 | +€237,790 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €12,863 | €12,156 | -€707 | -5.5% |
| Financial debts | 43 | - | €70,000 | +€70,000 | |
| Credit institutions | 430/8 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | €61,320 | €64,952 | +€3,632 | +5.9% |
| Suppliers | 440/4 | €61,320 | €64,952 | +€3,632 | +5.9% |
| Taxes, remuneration and social security | 45 | €113,002 | €65,105 | -€47,898 | -42.4% |
| Taxes | 450/3 | €113,002 | €65,105 | -€47,898 | -42.4% |
| Other amounts payable | 47/48 | €1,798,674 | €2,011,437 | +€212,763 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,381 | €10,643 | +€262 | +2.5% |
| Other operating charges | 640/8 | €5,860 | €3,112 | -€2,747 | -46.9% |
| Gross operating margin | 9900 | €63,145 | €87,387 | +€24,242 | +38.4% |
| Operating profit (loss) | 9901 | €46,904 | €73,632 | +€26,728 | +57.0% |
| Financial charges | 65/66B | €48,082 | €31,442 | -€16,640 | -34.6% |
| Recurring financial charges | 65 | €48,082 | €31,442 | -€16,640 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,178 | €42,190 | +€43,368 | |
| Income taxes | 67/77 | €5,340 | €4,828 | -€511 | -9.6% |
| Profit (loss) for the period | 9904 | -€6,518 | €37,361 | +€43,879 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,518 | €37,361 | +€43,879 |
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 14 October 2026 via checked.be.