FUEL: 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.
FUEL
Largest movements
- Cash +€13,961
up €13,961 (+23.0%), from €60,746 to €74,707
mainly Other debts (+€28,276) and Net result for the year (+€5,205)
- Receivables within one year +€6,894
up €6,894 (+41.1%), from €16,772 to €23,666
- Other debts +€28,276
up €28,276 (+153.6%), from €18,405 to €46,681
- Tax, wage and social debts -€11,760
down €11,760 (-46.4%), from €25,323 to €13,563
of which Remuneration and social security: -€18,000
- Profit (loss) carried forward +€5,205
up €5,205 (+32.5%), from -€16,037 to -€10,831
- Trade debts -€1,189
down €1,189 (-42.3%), from €2,810 to €1,620
- Taxes -€1,417
down €1,417 (-76.5%), from €1,853 to €436
- Depreciation -€1,290
down €1,290 (-80.1%), from €1,610 to €320
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,477 | €99,009 | +€20,532 | +26.2% |
| Fixed assets | 21/28 | €320 | €0 | -€320 | -100.0% |
| Tangible fixed assets | 22/27 | €320 | €0 | -€320 | -100.0% |
| Plant, machinery and equipment | 23 | €320 | €0 | -€320 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €78,157 | €99,009 | +€20,852 | +26.7% |
| Amounts receivable within one year | 40/41 | €16,772 | €23,666 | +€6,894 | +41.1% |
| Trade receivables | 40 | €16,772 | €23,666 | +€6,894 | +41.1% |
| Cash at bank and in hand | 54/58 | €60,746 | €74,707 | +€13,961 | +23.0% |
| Deferred charges and accrued income | 490/1 | €639 | €636 | -€2 | -0.4% |
| Total equity and liabilities | 10/49 | €78,477 | €99,009 | +€20,532 | +26.2% |
| Equity | 10/15 | €31,939 | €37,145 | +€5,205 | +16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,376 | €29,376 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,213 | €1,213 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,213 | €1,213 | = | 0.0% |
| Tax-exempt reserves | 132 | €26 | €26 | = | 0.0% |
| Distributable reserves | 133 | €28,137 | €28,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,037 | -€10,831 | +€5,205 | +32.5% |
| Amounts payable | 17/49 | €46,538 | €61,864 | +€15,326 | +32.9% |
| Amounts payable within one year | 42/48 | €46,538 | €61,864 | +€15,326 | +32.9% |
| Trade debts | 44 | €2,810 | €1,620 | -€1,189 | -42.3% |
| Suppliers | 440/4 | €2,810 | €1,620 | -€1,189 | -42.3% |
| Taxes, remuneration and social security | 45 | €25,323 | €13,563 | -€11,760 | -46.4% |
| Taxes | 450/3 | €7,323 | €13,563 | +€6,240 | +85.2% |
| Remuneration and social security | 454/9 | €18,000 | - | -€18,000 | |
| Other amounts payable | 47/48 | €18,405 | €46,681 | +€28,276 | +153.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €320 | -€1,290 | -80.1% |
| Other operating charges | 640/8 | €1,123 | €1,157 | +€34 | +3.0% |
| Gross operating margin | 9900 | €7,155 | €7,151 | -€5 | -0.1% |
| Operating profit (loss) | 9901 | €4,422 | €5,673 | +€1,251 | +28.3% |
| Financial charges | 65/66B | €40 | €32 | -€8 | -20.4% |
| Recurring financial charges | 65 | €40 | €32 | -€8 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €4,382 | €5,641 | +€1,259 | +28.7% |
| Income taxes | 67/77 | €1,853 | €436 | -€1,417 | -76.5% |
| Profit (loss) for the period | 9904 | €2,529 | €5,205 | +€2,676 | +105.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,529 | €5,205 | +€2,676 | +105.8% |
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 8 October 2026 via checked.be.