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
- Tangible fixed assets -€20,932
down €20,932 (-25.1%), from €83,527 to €62,595
- Receivables within one year +€2,724
up €2,724 (+6.8%), from €40,104 to €42,828
of which Other amounts receivable: +€6,238
- Profit (loss) carried forward -€43,353
down €43,353 (-36.6%), from €118,395 to €75,042
- Other debts +€35,000
new in 2025: €35,000
- Debts after one year -€8,830
down €8,830 (-36.4%), from €24,240 to €15,409
- Tax, wage and social debts -€1,761
down €1,761 (-36.0%), from €4,889 to €3,128
of which Remuneration and social security: -€1,400
- Gross operating margin -€824
down €824 (-6.3%), from €13,001 to €12,178
- Other operating charges -€503
down €503 (-21.3%), from €2,365 to €1,862
- Financial charges -€346
down €346 (-24.4%), from €1,422 to €1,075
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 | €169,885 | €150,430 | -€19,455 | -11.5% |
| Fixed assets | 21/28 | €83,527 | €62,595 | -€20,932 | -25.1% |
| Tangible fixed assets | 22/27 | €83,527 | €62,595 | -€20,932 | -25.1% |
| Land and buildings | 22 | €47,336 | €37,869 | -€9,467 | -20.0% |
| Plant, machinery and equipment | 23 | €577 | - | -€577 | |
| Furniture and vehicles | 24 | €33,468 | €23,653 | -€9,815 | -29.3% |
| Other tangible fixed assets | 26 | €2,147 | €1,074 | -€1,074 | -50.0% |
| Current assets | 29/58 | €86,358 | €87,834 | +€1,477 | +1.7% |
| Amounts receivable after more than one year | 29 | €41,853 | €40,562 | -€1,291 | -3.1% |
| Other amounts receivable | 291 | €41,853 | €40,562 | -€1,291 | -3.1% |
| Amounts receivable within one year | 40/41 | €40,104 | €42,828 | +€2,724 | +6.8% |
| Trade receivables | 40 | €4,210 | €696 | -€3,514 | -83.5% |
| Other amounts receivable | 41 | €35,894 | €42,132 | +€6,238 | +17.4% |
| Cash at bank and in hand | 54/58 | €3,145 | €2,653 | -€492 | -15.6% |
| Deferred charges and accrued income | 490/1 | €1,256 | €1,791 | +€536 | +42.6% |
| Total equity and liabilities | 10/49 | €169,885 | €150,430 | -€19,455 | -11.5% |
| Equity | 10/15 | €131,415 | €88,062 | -€43,353 | -33.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,395 | €75,042 | -€43,353 | -36.6% |
| Amounts payable | 17/49 | €38,470 | €62,367 | +€23,897 | +62.1% |
| Amounts payable after more than one year | 17 | €24,240 | €15,409 | -€8,830 | -36.4% |
| Financial debts | 170/4 | €24,240 | €15,409 | -€8,830 | -36.4% |
| Amounts payable within one year | 42/48 | €14,230 | €46,958 | +€32,728 | +230.0% |
| Current portion of amounts payable after more than one year | 42 | €8,532 | €8,830 | +€299 | +3.5% |
| Trade debts | 44 | €810 | - | -€810 | |
| Suppliers | 440/4 | €810 | - | -€810 | |
| Taxes, remuneration and social security | 45 | €4,889 | €3,128 | -€1,761 | -36.0% |
| Taxes | 450/3 | €2,489 | €2,128 | -€361 | -14.5% |
| Remuneration and social security | 454/9 | €2,400 | €1,000 | -€1,400 | -58.3% |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,892 | €20,932 | +€40 | +0.2% |
| Other operating charges | 640/8 | €2,365 | €1,862 | -€503 | -21.3% |
| Gross operating margin | 9900 | €13,001 | €12,178 | -€824 | -6.3% |
| Operating profit (loss) | 9901 | -€10,255 | -€10,616 | -€361 | -3.5% |
| Financial income | 75/76B | €3,390 | €3,480 | +€90 | +2.7% |
| Recurring financial income | 75 | €3,390 | €3,480 | +€90 | +2.7% |
| Financial charges | 65/66B | €1,422 | €1,075 | -€346 | -24.4% |
| Recurring financial charges | 65 | €1,422 | €1,075 | -€346 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,287 | -€8,212 | +€75 | +0.9% |
| Income taxes | 67/77 | €154 | €141 | -€13 | -8.3% |
| Profit (loss) for the period | 9904 | -€8,441 | -€8,353 | +€88 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,441 | -€8,353 | +€88 | +1.0% |
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.