PETROVSKY: 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.
PETROVSKY
Largest movements
- Stocks and contracts +€5.5m
up €5.5m (+382%), from €1.4m to €7.0m
- Receivables within one year +€1.4m
up €1.4m (+43.3%), from €3.3m to €4.7m
of which Other amounts receivable: +€1.4m
- Financial fixed assets -€1.1m
down €1.1m (-61.2%), from €1.7m to €674,113
- Cash +€707,896
up €707,896 (+269%), from €262,716 to €970,611
mainly Advances received (+€7.4m) and Investment in fixed assets (net) (+€1.1m)
- Advances received +€7.4m
new in 2025: €7.4m
- Debts after one year -€350,184
down €350,184 (-15.7%), from €2.2m to €1.9m
- Reserves -€336,936
down €336,936 (-8.0%), from €4.2m to €3.9m
of which Distributable reserves: -€336,936
- Short-term financial debts -€306,447
down €306,447 (-16.1%), from €1.9m to €1.6m
- Other debts +€190,202
up €190,202, from €0 to €190,202
- Financial income -€456,283
down €456,283 (-79.3%), from €575,351 to €119,068
- Gross operating margin -€123,500
down €123,500 (-44.0%), from €280,415 to €156,916
- Financial charges -€22,426
down €22,426 (-9.2%), from €243,480 to €221,054
- Depreciation +€7,013
up €7,013 (+11.7%), from €59,723 to €66,735
- Other operating charges +€6,314
up €6,314 (+44.7%), from €14,124 to €20,438
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 | €9,060,217 | €15,616,281 | +€6.6m | +72.4% |
| Fixed assets | 21/28 | €2,437,017 | €1,305,181 | -€1.1m | -46.4% |
| Tangible fixed assets | 22/27 | €697,804 | €631,069 | -€66,735 | -9.6% |
| Land and buildings | 22 | €590,393 | €554,212 | -€36,181 | -6.1% |
| Furniture and vehicles | 24 | €107,412 | €76,857 | -€30,555 | -28.4% |
| Financial fixed assets | 28 | €1,739,212 | €674,113 | -€1.1m | -61.2% |
| Current assets | 29/58 | €6,623,201 | €14,311,100 | +€7.7m | +116% |
| Stocks and contracts in progress | 3 | €1,442,880 | €6,958,017 | +€5.5m | +382% |
| Stocks | 30/36 | €1,442,880 | €6,958,017 | +€5.5m | +382% |
| Amounts receivable within one year | 40/41 | €3,292,610 | €4,719,216 | +€1.4m | +43.3% |
| Trade receivables | 40 | €36,218 | €74,093 | +€37,875 | +105% |
| Other amounts receivable | 41 | €3,256,392 | €4,645,123 | +€1.4m | +42.6% |
| Current investments | 50/53 | €1,567,734 | €1,599,345 | +€31,610 | +2.0% |
| Cash at bank and in hand | 54/58 | €262,716 | €970,611 | +€707,896 | +269% |
| Deferred charges and accrued income | 490/1 | €57,261 | €63,911 | +€6,650 | +11.6% |
| Total equity and liabilities | 10/49 | €9,060,217 | €15,616,281 | +€6.6m | +72.4% |
| Equity | 10/15 | €4,622,800 | €4,285,864 | -€336,936 | -7.3% |
| Contributions | 10/11 | €424,000 | €424,000 | = | 0.0% |
| Reserves | 13 | €4,198,800 | €3,861,864 | -€336,936 | -8.0% |
| Tax-exempt reserves | 132 | €324,170 | €324,170 | = | 0.0% |
| Distributable reserves | 133 | €3,874,630 | €3,537,694 | -€336,936 | -8.7% |
| Amounts payable | 17/49 | €4,437,418 | €11,330,417 | +€6.9m | +155% |
| Amounts payable after more than one year | 17 | €2,234,108 | €1,883,925 | -€350,184 | -15.7% |
| Financial debts | 170/4 | €2,234,108 | €1,883,925 | -€350,184 | -15.7% |
| Amounts payable within one year | 42/48 | €2,056,129 | €9,329,090 | +€7.3m | +354% |
| Current portion of amounts payable after more than one year | 42 | €118,087 | €123,155 | +€5,068 | +4.3% |
| Financial debts | 43 | €1,907,560 | €1,601,113 | -€306,447 | -16.1% |
| Credit institutions | 430/8 | €1,907,560 | €1,601,113 | -€306,447 | -16.1% |
| Trade debts | 44 | €1,436 | €22,325 | +€20,889 | +1,454% |
| Suppliers | 440/4 | €1,436 | €22,325 | +€20,889 | +1,454% |
| Advances received on contracts in progress | 46 | - | €7,369,442 | +€7.4m | |
| Taxes, remuneration and social security | 45 | €29,046 | €22,853 | -€6,193 | -21.3% |
| Taxes | 450/3 | €14,460 | €7,669 | -€6,791 | -47.0% |
| Remuneration and social security | 454/9 | €14,586 | €15,184 | +€598 | +4.1% |
| Other amounts payable | 47/48 | €0 | €190,202 | +€190,202 | |
| Accrued charges and deferred income | 492/3 | €147,180 | €117,402 | -€29,778 | -20.2% |
| Remuneration, social security and pensions | 62 | €57,981 | €62,668 | +€4,687 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,723 | €66,735 | +€7,013 | +11.7% |
| Other operating charges | 640/8 | €14,124 | €20,438 | +€6,314 | +44.7% |
| Non-recurring operating charges | 66A | - | €241,294 | +€241,294 | |
| Gross operating margin | 9900 | €280,415 | €156,916 | -€123,500 | -44.0% |
| Operating profit (loss) | 9901 | €148,588 | -€234,220 | -€382,808 | |
| Financial income | 75/76B | €575,351 | €119,068 | -€456,283 | -79.3% |
| Recurring financial income | 75 | €575,351 | €119,068 | -€456,283 | -79.3% |
| Financial charges | 65/66B | €243,480 | €221,054 | -€22,426 | -9.2% |
| Recurring financial charges | 65 | €243,480 | €221,054 | -€22,426 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €480,459 | -€336,206 | -€816,665 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €644 | €729 | +€85 | +13.2% |
| Profit (loss) for the period | 9904 | €479,815 | -€336,936 | -€816,751 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €479,815 | -€336,936 | -€816,751 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.