Fuel Antwerp: 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.
Fuel Antwerp
Largest movements
- Cash +€13,072
up €13,072 (+54.2%), from €24,139 to €37,210
mainly Net result for the year (+€15,292) and Depreciation (+€12,481)
- Stocks and contracts +€4,544
up €4,544 (+303%), from €1,500 to €6,044
- Tangible fixed assets -€4,045
down €4,045 (-11.4%), from €35,490 to €31,445
of which Furniture and vehicles: -€4,326
- Intangible fixed assets -€2,174
down €2,174 (-23.5%), from €9,239 to €7,065
- Receivables within one year +€1,100
up €1,100 (+64.9%), from €1,694 to €2,794
of which Other amounts receivable: +€1,982
- Profit (loss) carried forward +€15,292
up €15,292 (+25.1%), from -€61,017 to -€45,725
- Tax, wage and social debts -€5,976
down €5,976 (-39.3%), from €15,193 to €9,217
of which Remuneration and social security: -€4,865
- Other debts +€3,846
up €3,846 (+228%), from €1,688 to €5,534
- Trade debts +€2,667
up €2,667 (+20.4%), from €13,073 to €15,740
- Debts after one year -€2,578
down €2,578 (-5.0%), from €51,689 to €49,111
- Gross operating margin +€85,139
up €85,139 (+139%), from €61,456 to €146,595
- Depreciation +€4,705
up €4,705 (+60.5%), from €7,776 to €12,481
- Financial charges +€4,358
up €4,358 (+176%), from €2,473 to €6,831
- Staff costs -€2,765
down €2,765 (-2.5%), from €111,499 to €108,734
- Other operating charges +€2,532
up €2,532 (+349%), from €725 to €3,257
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 | €73,739 | €86,825 | +€13,086 | +17.7% |
| Fixed assets | 21/28 | €44,729 | €38,510 | -€6,219 | -13.9% |
| Intangible fixed assets | 21 | €9,239 | €7,065 | -€2,174 | -23.5% |
| Tangible fixed assets | 22/27 | €35,490 | €31,445 | -€4,045 | -11.4% |
| Plant, machinery and equipment | 23 | €18,130 | €18,765 | +€634 | +3.5% |
| Furniture and vehicles | 24 | €15,781 | €11,456 | -€4,326 | -27.4% |
| Other tangible fixed assets | 26 | €1,578 | €1,224 | -€354 | -22.4% |
| Current assets | 29/58 | €29,010 | €48,315 | +€19,306 | +66.5% |
| Stocks and contracts in progress | 3 | €1,500 | €6,044 | +€4,544 | +303% |
| Stocks | 30/36 | €1,500 | €6,044 | +€4,544 | +303% |
| Amounts receivable within one year | 40/41 | €1,694 | €2,794 | +€1,100 | +64.9% |
| Trade receivables | 40 | €1,218 | €336 | -€882 | -72.4% |
| Other amounts receivable | 41 | €476 | €2,458 | +€1,982 | +416% |
| Cash at bank and in hand | 54/58 | €24,139 | €37,210 | +€13,072 | +54.2% |
| Deferred charges and accrued income | 490/1 | €1,677 | €2,267 | +€590 | +35.2% |
| Total equity and liabilities | 10/49 | €73,739 | €86,825 | +€13,086 | +17.7% |
| Equity | 10/15 | -€11,017 | €4,275 | +€15,292 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,017 | -€45,725 | +€15,292 | +25.1% |
| Amounts payable | 17/49 | €84,756 | €82,550 | -€2,206 | -2.6% |
| Amounts payable after more than one year | 17 | €51,689 | €49,111 | -€2,578 | -5.0% |
| Financial debts | 170/4 | €51,689 | €49,111 | -€2,578 | -5.0% |
| Amounts payable within one year | 42/48 | €33,067 | €33,439 | +€372 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €2,455 | €2,578 | +€123 | +5.0% |
| Trade debts | 44 | €13,073 | €15,740 | +€2,667 | +20.4% |
| Suppliers | 440/4 | €13,073 | €15,740 | +€2,667 | +20.4% |
| Advances received on contracts in progress | 46 | €658 | €370 | -€288 | -43.7% |
| Taxes, remuneration and social security | 45 | €15,193 | €9,217 | -€5,976 | -39.3% |
| Taxes | 450/3 | €1,192 | €82 | -€1,110 | -93.1% |
| Remuneration and social security | 454/9 | €14,001 | €9,135 | -€4,865 | -34.8% |
| Other amounts payable | 47/48 | €1,688 | €5,534 | +€3,846 | +228% |
| Remuneration, social security and pensions | 62 | €111,499 | €108,734 | -€2,765 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,776 | €12,481 | +€4,705 | +60.5% |
| Other operating charges | 640/8 | €725 | €3,257 | +€2,532 | +349% |
| Gross operating margin | 9900 | €61,456 | €146,595 | +€85,139 | +139% |
| Operating profit (loss) | 9901 | -€58,544 | €22,123 | +€80,667 | |
| Financial charges | 65/66B | €2,473 | €6,831 | +€4,358 | +176% |
| Recurring financial charges | 65 | €2,473 | €6,831 | +€4,358 | +176% |
| Profit (loss) for the period before taxes | 9903 | -€61,017 | €15,292 | +€76,309 | |
| Profit (loss) for the period | 9904 | -€61,017 | €15,292 | +€76,309 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,017 | €15,292 | +€76,309 |
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 28 October 2026 via checked.be.