PETROLWORKS: 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.
PETROLWORKS
Largest movements
- Receivables within one year +€65,620
up €65,620 (+56.0%), from €117,216 to €182,836
of which Trade receivables: +€71,295
- Cash +€52,146
up €52,146 (+16.5%), from €316,408 to €368,554
mainly Net result for the year (+€97,733) and Depreciation (+€69,587)
- Tangible fixed assets +€49,419
up €49,419 (+18.9%), from €261,257 to €310,676
of which Leasing and similar rights: +€57,935
- Intangible fixed assets -€22,500
down €22,500 (-54.5%), from €41,250 to €18,750
- Profit (loss) carried forward +€97,733
up €97,733 (+256%), from €38,148 to €135,881
- Tax, wage and social debts +€26,704
up €26,704 (+164%), from €16,281 to €42,985
of which Taxes: +€25,861
- Trade debts -€20,276
down €20,276 (-5.7%), from €356,070 to €335,794
- Debts after one year +€19,552
up €19,552 (+9.3%), from €210,359 to €229,911
- Current portion of long-term debt +€17,300
up €17,300 (+22.9%), from €75,517 to €92,817
- Gross operating margin +€93,247
up €93,247 (+47.8%), from €194,937 to €288,184
- Taxes +€32,684
up €32,684 (+1,007%), from €3,246 to €35,930
- Depreciation -€20,909
down €20,909 (-23.1%), from €90,496 to €69,587
- Other operating charges -€7,492
down €7,492 (-86.6%), from €8,656 to €1,164
- Staff costs -€6,575
down €6,575 (-7.9%), from €82,992 to €76,417
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 | €736,660 | €881,345 | +€144,685 | +19.6% |
| Fixed assets | 21/28 | €303,036 | €329,955 | +€26,919 | +8.9% |
| Intangible fixed assets | 21 | €41,250 | €18,750 | -€22,500 | -54.5% |
| Tangible fixed assets | 22/27 | €261,257 | €310,676 | +€49,419 | +18.9% |
| Furniture and vehicles | 24 | €14,246 | €5,730 | -€8,516 | -59.8% |
| Leasing and similar rights | 25 | €247,011 | €304,946 | +€57,935 | +23.5% |
| Financial fixed assets | 28 | €529 | €529 | = | 0.0% |
| Current assets | 29/58 | €433,624 | €551,390 | +€117,766 | +27.2% |
| Amounts receivable within one year | 40/41 | €117,216 | €182,836 | +€65,620 | +56.0% |
| Trade receivables | 40 | €108,996 | €180,291 | +€71,295 | +65.4% |
| Other amounts receivable | 41 | €8,220 | €2,545 | -€5,675 | -69.0% |
| Cash at bank and in hand | 54/58 | €316,408 | €368,554 | +€52,146 | +16.5% |
| Total equity and liabilities | 10/49 | €736,660 | €881,345 | +€144,685 | +19.6% |
| Equity | 10/15 | €76,587 | €174,320 | +€97,733 | +128% |
| Contributions | 10/11 | €24,941 | €24,941 | = | 0.0% |
| Reserves | 13 | €13,498 | €13,498 | = | 0.0% |
| Distributable reserves | 133 | €13,498 | €13,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,148 | €135,881 | +€97,733 | +256% |
| Amounts payable | 17/49 | €660,073 | €707,025 | +€46,952 | +7.1% |
| Amounts payable after more than one year | 17 | €210,359 | €229,911 | +€19,552 | +9.3% |
| Financial debts | 170/4 | €210,359 | €229,911 | +€19,552 | +9.3% |
| Amounts payable within one year | 42/48 | €448,005 | €471,622 | +€23,617 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €75,517 | €92,817 | +€17,300 | +22.9% |
| Trade debts | 44 | €356,070 | €335,794 | -€20,276 | -5.7% |
| Suppliers | 440/4 | €356,070 | €335,794 | -€20,276 | -5.7% |
| Taxes, remuneration and social security | 45 | €16,281 | €42,985 | +€26,704 | +164% |
| Taxes | 450/3 | €8,059 | €33,920 | +€25,861 | +321% |
| Remuneration and social security | 454/9 | €8,222 | €9,065 | +€843 | +10.3% |
| Other amounts payable | 47/48 | €137 | €26 | -€111 | -81.0% |
| Accrued charges and deferred income | 492/3 | €1,709 | €5,492 | +€3,783 | +221% |
| Remuneration, social security and pensions | 62 | €82,992 | €76,417 | -€6,575 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,496 | €69,587 | -€20,909 | -23.1% |
| Other operating charges | 640/8 | €8,656 | €1,164 | -€7,492 | -86.6% |
| Gross operating margin | 9900 | €194,937 | €288,184 | +€93,247 | +47.8% |
| Operating profit (loss) | 9901 | €12,793 | €141,016 | +€128,223 | +1,002% |
| Financial income | 75/76B | €1,106 | €3,445 | +€2,339 | +211% |
| Recurring financial income | 75 | €1,106 | €3,445 | +€2,339 | +211% |
| Financial charges | 65/66B | €11,539 | €10,798 | -€741 | -6.4% |
| Recurring financial charges | 65 | €11,539 | €10,798 | -€741 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €2,360 | €133,663 | +€131,303 | +5,564% |
| Income taxes | 67/77 | €3,246 | €35,930 | +€32,684 | +1,007% |
| Profit (loss) for the period | 9904 | -€886 | €97,733 | +€98,619 | |
| Profit (loss) for the period to be appropriated | 9905 | -€886 | €97,733 | +€98,619 |
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 24 October 2026 via checked.be.