FUEL GROUPE: what changed
FUEL GROUPE
Largest movements
- Receivables within one year +€29,444
up €29,444 (+153%), from €19,254 to €48,698
- Cash +€9,204
up €9,204 (+11.5%), from €80,280 to €89,484
mainly Trade debts (+€34,598) and Tax, wage and social debts (+€23,979)
- Stocks and contracts +€6,580
up €6,580 (+132%), from €4,989 to €11,569
- Intangible fixed assets -€3,200
down €3,200 (-11.1%), from €28,800 to €25,600
- Trade debts +€34,598
up €34,598 (+63.4%), from €54,594 to €89,192
- Other debts -€27,787
down €27,787 (-63.5%), from €43,773 to €15,986
- Tax, wage and social debts +€23,979
up €23,979 (+132%), from €18,121 to €42,100
of which Remuneration and social security: +€24,044
- Reserves +€10,086
up €10,086 (+37.5%), from €26,908 to €36,994
- Gross operating margin -€56,526
down €56,526 (-45.4%), from €124,627 to €68,101
- Staff costs -€22,027
down €22,027 (-37.0%), from €59,473 to €37,446
- Taxes +€2,374
up €2,374 (+68.4%), from €3,472 to €5,846
- Depreciation +€1,256
up €1,256 (+14.5%), from €8,680 to €9,936
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,596 | €190,527 | +€40,931 | +27.4% |
| Fixed assets | 21/28 | €41,508 | €38,745 | -€2,763 | -6.7% |
| Intangible fixed assets | 21 | €28,800 | €25,600 | -€3,200 | -11.1% |
| Tangible fixed assets | 22/27 | €12,608 | €13,045 | +€437 | +3.5% |
| Plant, machinery and equipment | 23 | €2,804 | €1,922 | -€882 | -31.5% |
| Furniture and vehicles | 24 | €8,101 | €10,099 | +€1,999 | +24.7% |
| Other tangible fixed assets | 26 | €1,703 | €1,023 | -€680 | -39.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €108,088 | €151,782 | +€43,694 | +40.4% |
| Stocks and contracts in progress | 3 | €4,989 | €11,569 | +€6,580 | +132% |
| Stocks | 30/36 | €4,989 | €11,569 | +€6,580 | +132% |
| Amounts receivable within one year | 40/41 | €19,254 | €48,698 | +€29,444 | +153% |
| Other amounts receivable | 41 | €19,254 | €48,698 | +€29,444 | +153% |
| Cash at bank and in hand | 54/58 | €80,280 | €89,484 | +€9,204 | +11.5% |
| Deferred charges and accrued income | 490/1 | €3,565 | €2,030 | -€1,535 | -43.1% |
| Total equity and liabilities | 10/49 | €149,596 | €190,527 | +€40,931 | +27.4% |
| Equity | 10/15 | €33,108 | €43,194 | +€10,086 | +30.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,908 | €36,994 | +€10,086 | +37.5% |
| Distributable reserves | 133 | €26,908 | €36,994 | +€10,086 | +37.5% |
| Amounts payable | 17/49 | €116,488 | €147,333 | +€30,845 | +26.5% |
| Amounts payable within one year | 42/48 | €116,488 | €147,333 | +€30,845 | +26.5% |
| Financial debts | 43 | - | €55 | +€55 | |
| Credit institutions | 430/8 | - | €55 | +€55 | |
| Trade debts | 44 | €54,594 | €89,192 | +€34,598 | +63.4% |
| Suppliers | 440/4 | €54,594 | €89,192 | +€34,598 | +63.4% |
| Taxes, remuneration and social security | 45 | €18,121 | €42,100 | +€23,979 | +132% |
| Taxes | 450/3 | €9,052 | €8,987 | -€65 | -0.7% |
| Remuneration and social security | 454/9 | €9,069 | €33,113 | +€24,044 | +265% |
| Other amounts payable | 47/48 | €43,773 | €15,986 | -€27,787 | -63.5% |
| Remuneration, social security and pensions | 62 | €59,473 | €37,446 | -€22,027 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,680 | €9,936 | +€1,256 | +14.5% |
| Other operating charges | 640/8 | €4,853 | €4,685 | -€168 | -3.5% |
| Gross operating margin | 9900 | €124,627 | €68,101 | -€56,526 | -45.4% |
| Operating profit (loss) | 9901 | €51,622 | €16,034 | -€35,587 | -68.9% |
| Financial income | 75/76B | €1,148 | - | -€1,148 | |
| Recurring financial income | 75 | €1,148 | - | -€1,148 | |
| Financial charges | 65/66B | €235 | €103 | -€133 | -56.3% |
| Recurring financial charges | 65 | €235 | €103 | -€133 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €52,534 | €15,931 | -€36,602 | -69.7% |
| Income taxes | 67/77 | €3,472 | €5,846 | +€2,374 | +68.4% |
| Profit (loss) for the period | 9904 | €49,062 | €10,086 | -€38,976 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,062 | €10,086 | -€38,976 | -79.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.