FUEL MARKET: what changed
FUEL MARKET
Largest movements
- Cash +€50,447
up €50,447 (+40.0%), from €126,131 to €176,578
mainly Other debts (+€100,000) and Net result for the year (+€99,991)
- Stocks and contracts +€23,489
up €23,489 (+28.3%), from €82,950 to €106,439
- Tangible fixed assets -€11,255
down €11,255 (-31.4%), from €35,829 to €24,574
of which Furniture and vehicles: -€10,767
- Other debts +€100,000
up €100,000, from €0 to €100,000
- Tax, wage and social debts -€24,634
down €24,634 (-33.6%), from €73,377 to €48,743
of which Taxes: -€22,086
- Profit (loss) carried forward -€17,656
down €17,656 (-15.6%), from €112,933 to €95,277
- Trade debts +€16,449
up €16,449 (+20.7%), from €79,577 to €96,026
- Debts after one year -€10,947
down €10,947 (-73.0%), from €15,000 to €4,052
- Other operating charges -€34,139
down €34,139 (-93.1%), from €36,682 to €2,543
- Taxes +€26,839
up €26,839 (+138%), from €19,478 to €46,316
- Staff costs -€20,819
down €20,819 (-25.0%), from €83,349 to €62,530
- Gross operating margin +€9,376
up €9,376 (+4.4%), from €215,204 to €224,580
- Depreciation +€2,990
up €2,990 (+36.2%), from €8,265 to €11,255
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,658 | €361,208 | +€62,550 | +20.9% |
| Fixed assets | 21/28 | €35,829 | €24,574 | -€11,255 | -31.4% |
| Tangible fixed assets | 22/27 | €35,829 | €24,574 | -€11,255 | -31.4% |
| Plant, machinery and equipment | 23 | €1,045 | €557 | -€488 | -46.7% |
| Furniture and vehicles | 24 | €34,784 | €24,017 | -€10,767 | -31.0% |
| Current assets | 29/58 | €262,828 | €336,634 | +€73,806 | +28.1% |
| Stocks and contracts in progress | 3 | €82,950 | €106,439 | +€23,489 | +28.3% |
| Stocks | 30/36 | €82,950 | €106,439 | +€23,489 | +28.3% |
| Amounts receivable within one year | 40/41 | €48,806 | €52,177 | +€3,371 | +6.9% |
| Trade receivables | 40 | €2,427 | - | -€2,427 | |
| Other amounts receivable | 41 | €46,379 | €52,177 | +€5,798 | +12.5% |
| Cash at bank and in hand | 54/58 | €126,131 | €176,578 | +€50,447 | +40.0% |
| Deferred charges and accrued income | 490/1 | €4,941 | €1,440 | -€3,501 | -70.9% |
| Total equity and liabilities | 10/49 | €298,658 | €361,208 | +€62,550 | +20.9% |
| Equity | 10/15 | €118,933 | €101,277 | -€17,656 | -14.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,933 | €95,277 | -€17,656 | -15.6% |
| Amounts payable | 17/49 | €179,724 | €259,930 | +€80,206 | +44.6% |
| Amounts payable after more than one year | 17 | €15,000 | €4,052 | -€10,947 | -73.0% |
| Financial debts | 170/4 | €15,000 | €4,052 | -€10,947 | -73.0% |
| Amounts payable within one year | 42/48 | €164,725 | €255,878 | +€91,153 | +55.3% |
| Current portion of amounts payable after more than one year | 42 | €11,771 | €11,109 | -€662 | -5.6% |
| Trade debts | 44 | €79,577 | €96,026 | +€16,449 | +20.7% |
| Suppliers | 440/4 | €79,577 | €96,026 | +€16,449 | +20.7% |
| Taxes, remuneration and social security | 45 | €73,377 | €48,743 | -€24,634 | -33.6% |
| Taxes | 450/3 | €62,962 | €40,876 | -€22,086 | -35.1% |
| Remuneration and social security | 454/9 | €10,415 | €7,867 | -€2,548 | -24.5% |
| Other amounts payable | 47/48 | €0 | €100,000 | +€100,000 | |
| Non-recurring operating income | 76A | €7,260 | - | -€7,260 | |
| Remuneration, social security and pensions | 62 | €83,349 | €62,530 | -€20,819 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,265 | €11,255 | +€2,990 | +36.2% |
| Other operating charges | 640/8 | €36,682 | €2,543 | -€34,139 | -93.1% |
| Non-recurring operating charges | 66A | €27,264 | - | -€27,264 | |
| Gross operating margin | 9900 | €215,204 | €224,580 | +€9,376 | +4.4% |
| Operating profit (loss) | 9901 | €59,644 | €148,252 | +€88,607 | +149% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,951 | €1,945 | -€2,006 | -50.8% |
| Recurring financial charges | 65 | €3,951 | €1,945 | -€2,006 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €55,693 | €146,308 | +€90,615 | +163% |
| Income taxes | 67/77 | €19,478 | €46,316 | +€26,839 | +138% |
| Profit (loss) for the period | 9904 | €36,215 | €99,991 | +€63,776 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €36,215 | €99,991 | +€63,776 | +176% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.