COMBUSTIBLES BCM: 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.
COMBUSTIBLES BCM
Largest movements
- Stocks and contracts +€50,318
up €50,318 (+1,623%), from €3,100 to €53,418
- Cash +€45,967
up €45,967 (+25.7%), from €178,669 to €224,637
mainly Trade debts (+€118,954) and Depreciation (+€68,732)
- Receivables within one year +€44,144
up €44,144 (+20.7%), from €213,048 to €257,191
of which Trade receivables: +€26,961
- Tangible fixed assets +€32,767
up €32,767 (+32.1%), from €102,062 to €134,829
of which Plant, machinery and equipment: +€17,765
- Intangible fixed assets +€28,192
up €28,192 (+15.6%), from €180,525 to €208,717
- Trade debts +€118,954
up €118,954 (+44.0%), from €270,071 to €389,025
- Debts after one year +€35,423
up €35,423 (+17.3%), from €204,320 to €239,743
- Short-term financial debts +€32,000
new in 2025: €32,000
- Profit (loss) carried forward +€21,391
up €21,391 (+19.5%), from €109,772 to €131,163
- Other debts -€21,184
down €21,184 (-95.9%), from €22,084 to €900
- Gross operating margin +€96,306
up €96,306 (+70.4%), from €136,842 to €233,148
- Staff costs +€67,552
up €67,552 (+205%), from €32,948 to €100,500
- Depreciation +€19,699
up €19,699 (+40.2%), from €49,033 to €68,732
- Other operating charges +€10,915
up €10,915 (+159%), from €6,854 to €17,769
- Financial charges +€5,133
up €5,133 (+48.0%), from €10,702 to €15,835
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 | €683,258 | €888,117 | +€204,859 | +30.0% |
| Formation expenses | 20 | €101 | €0 | -€101 | -100% |
| Fixed assets | 21/28 | €283,427 | €344,386 | +€60,958 | +21.5% |
| Intangible fixed assets | 21 | €180,525 | €208,717 | +€28,192 | +15.6% |
| Tangible fixed assets | 22/27 | €102,062 | €134,829 | +€32,767 | +32.1% |
| Plant, machinery and equipment | 23 | - | €17,765 | +€17,765 | |
| Furniture and vehicles | 24 | €102,062 | €117,064 | +€15,001 | +14.7% |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €399,730 | €543,732 | +€144,002 | +36.0% |
| Stocks and contracts in progress | 3 | €3,100 | €53,418 | +€50,318 | +1,623% |
| Stocks | 30/36 | €3,100 | €53,418 | +€50,318 | +1,623% |
| Amounts receivable within one year | 40/41 | €213,048 | €257,191 | +€44,144 | +20.7% |
| Trade receivables | 40 | €207,676 | €234,638 | +€26,961 | +13.0% |
| Other amounts receivable | 41 | €5,371 | €22,554 | +€17,182 | +320% |
| Cash at bank and in hand | 54/58 | €178,669 | €224,637 | +€45,967 | +25.7% |
| Deferred charges and accrued income | 490/1 | €4,913 | €8,486 | +€3,573 | +72.7% |
| Total equity and liabilities | 10/49 | €683,258 | €888,117 | +€204,859 | +30.0% |
| Equity | 10/15 | €111,772 | €133,163 | +€21,391 | +19.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,772 | €131,163 | +€21,391 | +19.5% |
| Amounts payable | 17/49 | €571,486 | €754,954 | +€183,468 | +32.1% |
| Amounts payable after more than one year | 17 | €204,320 | €239,743 | +€35,423 | +17.3% |
| Financial debts | 170/4 | €204,320 | €239,743 | +€35,423 | +17.3% |
| Amounts payable within one year | 42/48 | €367,166 | €515,211 | +€148,045 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €56,452 | €73,982 | +€17,530 | +31.1% |
| Financial debts | 43 | - | €32,000 | +€32,000 | |
| Credit institutions | 430/8 | - | €32,000 | +€32,000 | |
| Trade debts | 44 | €270,071 | €389,025 | +€118,954 | +44.0% |
| Suppliers | 440/4 | €270,071 | €389,025 | +€118,954 | +44.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,559 | €19,304 | +€745 | +4.0% |
| Taxes | 450/3 | €14,215 | €9,597 | -€4,618 | -32.5% |
| Remuneration and social security | 454/9 | €4,344 | €9,707 | +€5,363 | +123% |
| Other amounts payable | 47/48 | €22,084 | €900 | -€21,184 | -95.9% |
| Remuneration, social security and pensions | 62 | €32,948 | €100,500 | +€67,552 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,033 | €68,732 | +€19,699 | +40.2% |
| Other operating charges | 640/8 | €6,854 | €17,769 | +€10,915 | +159% |
| Non-recurring operating charges | 66A | €9 | - | -€9 | |
| Gross operating margin | 9900 | €136,842 | €233,148 | +€96,306 | +70.4% |
| Operating profit (loss) | 9901 | €47,998 | €46,147 | -€1,851 | -3.9% |
| Financial income | 75/76B | €1 | €3 | +€1 | +106% |
| Recurring financial income | 75 | €1 | €3 | +€1 | +106% |
| Financial charges | 65/66B | €10,702 | €15,835 | +€5,133 | +48.0% |
| Recurring financial charges | 65 | €10,702 | €15,835 | +€5,133 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €37,298 | €30,315 | -€6,982 | -18.7% |
| Income taxes | 67/77 | €10,538 | €8,924 | -€1,614 | -15.3% |
| Profit (loss) for the period | 9904 | €26,760 | €21,391 | -€5,369 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,760 | €21,391 | -€5,369 | -20.1% |
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 20 October 2026 via checked.be.