PETROLWASH: 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.
PETROLWASH
Largest movements
- Intangible fixed assets -€8,486
down €8,486 (-40.7%), from €20,868 to €12,383
- Tangible fixed assets -€6,000
down €6,000 (-6.2%), from €97,500 to €91,500
- Cash -€1,661
down €1,661 (-7.2%), from €22,977 to €21,316
mainly Debts after one year (-€10,474) and Debts within one year (-€5,272)
- Debts after one year -€10,474
down €10,474 (-13.3%), from €79,020 to €68,546
- Debts within one year -€5,272
down €5,272 (-8.6%), from €61,344 to €56,071
- Gross operating margin -€38,830
down €38,830 (-59.1%), from €65,698 to €26,868
- Taxes -€2,733
down €2,733 (-93.1%), from €2,935 to €201
- Depreciation -€1,995
down €1,995 (-12.1%), from €16,481 to €14,486
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,204 | €146,611 | -€15,593 | -9.6% |
| Fixed assets | 21/28 | €118,368 | €103,883 | -€14,486 | -12.2% |
| Intangible fixed assets | 21 | €20,868 | €12,383 | -€8,486 | -40.7% |
| Tangible fixed assets | 22/27 | €97,500 | €91,500 | -€6,000 | -6.2% |
| Current assets | 29/58 | €43,836 | €42,728 | -€1,107 | -2.5% |
| Stocks and contracts in progress | 3 | €15,515 | €15,702 | +€187 | +1.2% |
| Amounts receivable within one year | 40/41 | €5,344 | €5,710 | +€366 | +6.9% |
| Cash at bank and in hand | 54/58 | €22,977 | €21,316 | -€1,661 | -7.2% |
| Total equity and liabilities | 10/49 | €162,204 | €146,611 | -€15,593 | -9.6% |
| Equity | 10/15 | €21,841 | €21,994 | +€153 | +0.7% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €330 | - | -€330 | |
| Profit (loss) carried forward | 14 | €9,110 | €9,263 | +€153 | +1.7% |
| Amounts payable | 17/49 | €140,363 | €124,617 | -€15,746 | -11.2% |
| Amounts payable after more than one year | 17 | €79,020 | €68,546 | -€10,474 | -13.3% |
| Amounts payable within one year | 42/48 | €61,344 | €56,071 | -€5,272 | -8.6% |
| Trade debts | 44 | €32,391 | €37,911 | +€5,519 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,481 | €14,486 | -€1,995 | -12.1% |
| Gross operating margin | 9900 | €65,698 | €26,868 | -€38,830 | -59.1% |
| Operating profit (loss) | 9901 | €42,668 | €6,086 | -€36,582 | -85.7% |
| Recurring financial charges | 65 | €5,118 | €5,731 | +€614 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €37,550 | €354 | -€37,196 | -99.1% |
| Income taxes | 67/77 | €2,935 | €201 | -€2,733 | -93.1% |
| Profit (loss) for the period | 9904 | €34,616 | €153 | -€34,463 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,616 | €153 | -€34,463 | -99.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.