Practigas: what changed
Two fiscal 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.
What changed
Practigas
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€490,998
2024 · €532,736-€41,738
Equity
€1.1m
2024 · €932,848+€215,998
Cash
€714,011
2024 · €838,987-€124,976
Balance sheet total
€2.7m
2024 · €2.8m-€134,089
Largest movements
Assets
- Cash -€124,976
down €124,976 (-14.9%), from €838,987 to €714,011
mainly Other debts (-€442,948) and Investment in fixed assets (net) (-€292,123)
Equity and liabilities
- Other debts -€442,948
down €442,948 (-61.7%), from €717,814 to €274,866
- Reserves +€215,152
up €215,152 (+30.2%), from €712,848 to €928,000
of which Distributable reserves: +€218,000
- Debts after one year +€176,392
up €176,392 (+32.7%), from €539,038 to €715,430
of which Financial debts: +€108,912
- Trade debts -€157,151
down €157,151 (-34.5%), from €454,852 to €297,701
- Current portion of long-term debt +€47,758
up €47,758 (+55.6%), from €85,947 to €133,705
Income statement
- Gross operating margin +€76,668
up €76,668 (+5.4%), from €1.4m to €1.5m
- Staff costs +€73,584
up €73,584 (+12.7%), from €581,596 to €655,179
- Depreciation +€53,142
up €53,142 (+22.5%), from €235,840 to €288,981
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.
Result 2024
€532,736
Gross operating margin
+€76,668
Staff costs
-€73,584
Depreciation
-€53,142
Other operating charges
-€2,605
Other operating items
-€500
Financial income
+€4,059
Financial charges
+€967
Taxes
+€6,900
Deferred taxes and other
-€501
Result 2025
€490,998
Cash bridge derived
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.
From operations
+€217,997
Investment
-€292,123
Financing
-€50,850
Cash 2024
€838,987
From operations (derived)
+€217,997
Net result for the year
+€490,998
Depreciation
+€288,981
Stocks and contracts
+€23,616
Receivables within one year
-€11,248
Smaller working-capital items
-€1,061
Trade debts
-€157,151
Tax, wage and social debts
+€22,309
Other debts
-€442,948
Accrued charges and deferred income
+€4,502
Investment (derived)
-€292,123
Investment in fixed assets (net)
-€292,123
Financing
-€50,850
Debts after one year
+€176,392
Current portion of long-term debt
+€47,758
Contributions, distributions and other
-€275,000
Cash 2025
€714,011
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,847,796 | €2,713,707 | -€134,089 | -4.7% |
| Fixed assets | 21/28 | €1,277,745 | €1,280,886 | +€3,142 | +0.2% |
| Intangible fixed assets | 21 | €6,591 | €3,291 | -€3,300 | -50.1% |
| Tangible fixed assets | 22/27 | €1,270,114 | €1,276,556 | +€6,442 | +0.5% |
| Land and buildings | 22 | €446,403 | €414,027 | -€32,376 | -7.3% |
| Plant, machinery and equipment | 23 | €95,250 | €90,502 | -€4,748 | -5.0% |
| Furniture and vehicles | 24 | €721,723 | €767,834 | +€46,111 | +6.4% |
| Other tangible fixed assets | 26 | €6,738 | €4,193 | -€2,545 | -37.8% |
| Financial fixed assets | 28 | €1,039 | €1,039 | = | 0.0% |
| Current assets | 29/58 | €1,570,052 | €1,432,821 | -€137,231 | -8.7% |
| Stocks and contracts in progress | 3 | €140,566 | €116,950 | -€23,616 | -16.8% |
| Stocks | 30/36 | €140,566 | €116,950 | -€23,616 | -16.8% |
| Amounts receivable within one year | 40/41 | €582,478 | €593,726 | +€11,248 | +1.9% |
| Trade receivables | 40 | €566,329 | €503,473 | -€62,856 | -11.1% |
| Other amounts receivable | 41 | €16,149 | €90,253 | +€74,104 | +458.9% |
| Cash at bank and in hand | 54/58 | €838,987 | €714,011 | -€124,976 | -14.9% |
| Deferred charges and accrued income | 490/1 | €8,021 | €8,133 | +€112 | +1.4% |
| Total equity and liabilities | 10/49 | €2,847,796 | €2,713,707 | -€134,089 | -4.7% |
| Equity | 10/15 | €932,848 | €1,148,846 | +€215,998 | +23.2% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €712,848 | €928,000 | +€215,152 | +30.2% |
| Tax-exempt reserves | 132 | €2,848 | - | -€2,848 | |
| Distributable reserves | 133 | €710,000 | €928,000 | +€218,000 | +30.7% |
| Profit (loss) carried forward | 14 | €0 | €846 | +€846 | +650830.8% |
| Provisions and deferred taxes | 16 | €949 | - | -€949 | |
| Deferred taxes | 168 | €949 | - | -€949 | |
| Amounts payable | 17/49 | €1,913,998 | €1,564,861 | -€349,138 | -18.2% |
| Amounts payable after more than one year | 17 | €539,038 | €715,430 | +€176,392 | +32.7% |
| Financial debts | 170/4 | €266,199 | €375,111 | +€108,912 | +40.9% |
| Other amounts payable | 178/9 | €272,840 | €340,320 | +€67,480 | +24.7% |
| Amounts payable within one year | 42/48 | €1,374,185 | €844,153 | -€530,032 | -38.6% |
| Current portion of amounts payable after more than one year | 42 | €85,947 | €133,705 | +€47,758 | +55.6% |
| Trade debts | 44 | €454,852 | €297,701 | -€157,151 | -34.5% |
| Suppliers | 440/4 | €454,852 | €297,701 | -€157,151 | -34.5% |
| Taxes, remuneration and social security | 45 | €115,573 | €137,882 | +€22,309 | +19.3% |
| Taxes | 450/3 | €41,933 | €55,755 | +€13,822 | +33.0% |
| Remuneration and social security | 454/9 | €73,639 | €82,127 | +€8,487 | +11.5% |
| Other amounts payable | 47/48 | €717,814 | €274,866 | -€442,948 | -61.7% |
| Accrued charges and deferred income | 492/3 | €775 | €5,277 | +€4,502 | +581.0% |
| Remuneration, social security and pensions | 62 | €581,596 | €655,179 | +€73,584 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €235,840 | €288,981 | +€53,142 | +22.5% |
| Other operating charges | 640/8 | €35,422 | €38,027 | +€2,605 | +7.4% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €1,424,709 | €1,501,377 | +€76,668 | +5.4% |
| Operating profit (loss) | 9901 | €571,851 | €518,689 | -€53,163 | -9.3% |
| Financial income | 75/76B | €46,596 | €50,655 | +€4,059 | +8.7% |
| Recurring financial income | 75 | €46,596 | €50,655 | +€4,059 | +8.7% |
| Financial charges | 65/66B | €17,221 | €16,254 | -€967 | -5.6% |
| Recurring financial charges | 65 | €17,221 | €16,254 | -€967 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €601,226 | €553,089 | -€48,137 | -8.0% |
| Transfer from deferred taxes | 780 | €1,450 | €949 | -€501 | -34.5% |
| Income taxes | 67/77 | €69,941 | €63,041 | -€6,900 | -9.9% |
| Profit (loss) for the period | 9904 | €532,736 | €490,998 | -€41,738 | -7.8% |
| Transfer from tax-exempt reserves | 789 | €4,350 | €2,848 | -€1,502 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €537,086 | €493,846 | -€43,240 | -8.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.