D & V FUEL LOGISTICS: 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.
D & V FUEL LOGISTICS
Largest movements
- Cash -€278,497
down €278,497 (-31.4%), from €887,702 to €609,205
mainly Trade debts (-€454,790) and Accrued charges and deferred income (-€116,180)
- Current investments +€94,365
up €94,365 (+8.5%), from €1.1m to €1.2m
- Receivables within one year -€58,153
down €58,153 (-9.2%), from €630,684 to €572,532
of which Trade receivables: -€64,537
- Stocks and contracts +€38,549
up €38,549 (+50.8%), from €75,888 to €114,437
- Trade debts -€454,790
down €454,790 (-52.0%), from €874,499 to €419,709
- Reserves +€329,000
up €329,000 (+17.8%), from €1.8m to €2.2m
of which Distributable reserves: +€329,000
- Accrued charges and deferred income -€116,180
down €116,180 (-100%), from €116,180 to €0
- Other operating charges -€458,571
down €458,571 (-98.6%), from €465,127 to €6,556
- Write-downs +€454,122
up €454,122, from -€454,122 to €0
- Financial income +€130,574
up €130,574, from €0 to €130,574
- Gross operating margin -€90,463
down €90,463 (-18.3%), from €495,572 to €405,110
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 | €2,907,855 | €2,684,200 | -€223,655 | -7.7% |
| Fixed assets | 21/28 | €205,996 | €187,690 | -€18,306 | -8.9% |
| Tangible fixed assets | 22/27 | €205,996 | €187,690 | -€18,306 | -8.9% |
| Land and buildings | 22 | €205,996 | €187,690 | -€18,306 | -8.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €2,701,859 | €2,496,510 | -€205,349 | -7.6% |
| Stocks and contracts in progress | 3 | €75,888 | €114,437 | +€38,549 | +50.8% |
| Stocks | 30/36 | €75,888 | €114,437 | +€38,549 | +50.8% |
| Amounts receivable within one year | 40/41 | €630,684 | €572,532 | -€58,153 | -9.2% |
| Trade receivables | 40 | €619,168 | €554,630 | -€64,537 | -10.4% |
| Other amounts receivable | 41 | €11,517 | €17,901 | +€6,385 | +55.4% |
| Current investments | 50/53 | €1,105,635 | €1,200,000 | +€94,365 | +8.5% |
| Cash at bank and in hand | 54/58 | €887,702 | €609,205 | -€278,497 | -31.4% |
| Deferred charges and accrued income | 490/1 | €1,950 | €336 | -€1,614 | -82.8% |
| Total equity and liabilities | 10/49 | €2,907,855 | €2,684,200 | -€223,655 | -7.7% |
| Equity | 10/15 | €1,867,176 | €2,196,707 | +€329,531 | +17.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,846,769 | €2,175,769 | +€329,000 | +17.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,846,769 | €2,175,769 | +€329,000 | +17.8% |
| Profit (loss) carried forward | 14 | €407 | €939 | +€531 | +131% |
| Amounts payable | 17/49 | €1,040,679 | €487,492 | -€553,186 | -53.2% |
| Amounts payable within one year | 42/48 | €924,499 | €487,492 | -€437,007 | -47.3% |
| Trade debts | 44 | €874,499 | €419,709 | -€454,790 | -52.0% |
| Suppliers | 440/4 | €874,499 | €419,709 | -€454,790 | -52.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,283 | +€1,283 | |
| Taxes | 450/3 | €0 | €1,283 | +€1,283 | |
| Other amounts payable | 47/48 | €50,000 | €66,500 | +€16,500 | +33.0% |
| Accrued charges and deferred income | 492/3 | €116,180 | €0 | -€116,180 | -100% |
| Non-recurring operating income | 76A | €13,118 | €0 | -€13,118 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,616 | €18,306 | -€1,310 | -6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€454,122 | €0 | +€454,122 | |
| Other operating charges | 640/8 | €465,127 | €6,556 | -€458,571 | -98.6% |
| Non-recurring operating charges | 66A | €88 | €0 | -€88 | -100% |
| Gross operating margin | 9900 | €495,572 | €405,110 | -€90,463 | -18.3% |
| Operating profit (loss) | 9901 | €464,863 | €380,247 | -€84,616 | -18.2% |
| Financial income | 75/76B | €0 | €130,574 | +€130,574 | |
| Recurring financial income | 75 | €0 | €130,574 | +€130,574 | |
| Financial charges | 65/66B | €11,467 | €8,461 | -€3,006 | -26.2% |
| Recurring financial charges | 65 | €11,467 | €8,461 | -€3,006 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €453,396 | €502,360 | +€48,965 | +10.8% |
| Income taxes | 67/77 | €102,984 | €106,329 | +€3,345 | +3.2% |
| Profit (loss) for the period | 9904 | €350,411 | €396,031 | +€45,620 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €350,411 | €396,031 | +€45,620 | +13.0% |
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 27 October 2026 via checked.be.