Bo Fuel: 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.
Bo Fuel
Largest movements
- Cash -€34,231
down €34,231 (-47.6%), from €71,928 to €37,697
mainly Net result for the year (-€42,140) and Stocks and contracts (-€25,856)
- Stocks and contracts +€25,856
up €25,856 (+27.6%), from €93,757 to €119,613
- Tangible fixed assets -€13,986
down €13,986 (-23.4%), from €59,655 to €45,669
of which Furniture and vehicles: -€13,186
- Receivables within one year +€5,029
up €5,029 (+7.7%), from €65,678 to €70,708
of which Other amounts receivable: +€4,941
- Profit (loss) carried forward -€42,140
down €42,140 (-42.6%), from €99,005 to €56,865
- Trade debts +€32,721
up €32,721 (+22.7%), from €144,033 to €176,754
- Tax, wage and social debts -€13,094
down €13,094 (-32.4%), from €40,435 to €27,341
of which Remuneration and social security: -€10,692
- Other debts +€5,130
up €5,130 (+72.6%), from €7,068 to €12,197
- Gross operating margin -€48,017
down €48,017 (-19.1%), from €251,166 to €203,148
- Depreciation +€9,427
up €9,427 (+190%), from €4,972 to €14,398
- Staff costs +€7,269
up €7,269 (+3.3%), from €217,122 to €224,391
- Taxes -€5,801
down €5,801 (-93.2%), from €6,224 to €422
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 | €291,641 | €274,257 | -€17,384 | -6.0% |
| Fixed assets | 21/28 | €59,655 | €45,669 | -€13,986 | -23.4% |
| Tangible fixed assets | 22/27 | €59,655 | €45,669 | -€13,986 | -23.4% |
| Furniture and vehicles | 24 | €57,137 | €43,951 | -€13,186 | -23.1% |
| Other tangible fixed assets | 26 | €2,518 | €1,718 | -€800 | -31.8% |
| Current assets | 29/58 | €231,987 | €228,589 | -€3,398 | -1.5% |
| Stocks and contracts in progress | 3 | €93,757 | €119,613 | +€25,856 | +27.6% |
| Stocks | 30/36 | €93,757 | €119,613 | +€25,856 | +27.6% |
| Amounts receivable within one year | 40/41 | €65,678 | €70,708 | +€5,029 | +7.7% |
| Trade receivables | 40 | €132 | €219 | +€88 | +66.7% |
| Other amounts receivable | 41 | €65,547 | €70,488 | +€4,941 | +7.5% |
| Cash at bank and in hand | 54/58 | €71,928 | €37,697 | -€34,231 | -47.6% |
| Deferred charges and accrued income | 490/1 | €623 | €571 | -€52 | -8.3% |
| Total equity and liabilities | 10/49 | €291,641 | €274,257 | -€17,384 | -6.0% |
| Equity | 10/15 | €100,105 | €57,965 | -€42,140 | -42.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,005 | €56,865 | -€42,140 | -42.6% |
| Amounts payable | 17/49 | €191,536 | €216,292 | +€24,756 | +12.9% |
| Amounts payable within one year | 42/48 | €191,536 | €216,292 | +€24,756 | +12.9% |
| Trade debts | 44 | €144,033 | €176,754 | +€32,721 | +22.7% |
| Suppliers | 440/4 | €144,033 | €176,754 | +€32,721 | +22.7% |
| Taxes, remuneration and social security | 45 | €40,435 | €27,341 | -€13,094 | -32.4% |
| Taxes | 450/3 | €13,230 | €10,828 | -€2,402 | -18.2% |
| Remuneration and social security | 454/9 | €27,205 | €16,513 | -€10,692 | -39.3% |
| Other amounts payable | 47/48 | €7,068 | €12,197 | +€5,130 | +72.6% |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Remuneration, social security and pensions | 62 | €217,122 | €224,391 | +€7,269 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,972 | €14,398 | +€9,427 | +190% |
| Other operating charges | 640/8 | €3,886 | €2,484 | -€1,402 | -36.1% |
| Gross operating margin | 9900 | €251,166 | €203,148 | -€48,017 | -19.1% |
| Operating profit (loss) | 9901 | €25,186 | -€38,125 | -€63,311 | |
| Financial income | 75/76B | €260 | €280 | +€20 | +7.7% |
| Recurring financial income | 75 | €260 | €280 | +€20 | +7.7% |
| Financial charges | 65/66B | €4,475 | €3,872 | -€602 | -13.5% |
| Recurring financial charges | 65 | €4,235 | €3,872 | -€363 | -8.6% |
| Non-recurring financial charges | 66B | €240 | - | -€240 | |
| Profit (loss) for the period before taxes | 9903 | €20,971 | -€41,718 | -€62,689 | |
| Income taxes | 67/77 | €6,224 | €422 | -€5,801 | -93.2% |
| Profit (loss) for the period | 9904 | €14,747 | -€42,140 | -€56,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,747 | -€42,140 | -€56,887 |
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 16 October 2026 via checked.be.