FUEL PROCESS: 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 PROCESS
Largest movements
- Cash -€16,731
down €16,731 (-61.1%), from €27,391 to €10,660
mainly Net result for the year (-€13,312) and Receivables within one year (-€7,671)
- Receivables within one year +€7,671
up €7,671 (+127.5%), from €6,015 to €13,687
of which Trade receivables: +€7,584
- Tangible fixed assets -€7,561
down €7,561 (-22.5%), from €33,659 to €26,099
of which Plant, machinery and equipment: -€4,457
- Profit (loss) carried forward -€13,312
down €13,312 (-33.2%), from €40,052 to €26,740
- Tax, wage and social debts -€3,910
down €3,910 (-98.8%), from €3,958 to €48
- Trade debts +€1,797
up €1,797 (+25.6%), from €7,012 to €8,808
- Other debts -€1,131
down €1,131 (-10.2%), from €11,132 to €10,001
- Gross operating margin -€23,716
down €23,716, from €20,873 to -€2,843
- Depreciation +€4,223
up €4,223 (+75.8%), from €5,571 to €9,794
- Taxes -€2,943
no longer reported in 2025 (was €2,943)
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 | €67,154 | €50,598 | -€16,556 | -24.7% |
| Fixed assets | 21/28 | €33,659 | €26,099 | -€7,561 | -22.5% |
| Tangible fixed assets | 22/27 | €33,659 | €26,099 | -€7,561 | -22.5% |
| Plant, machinery and equipment | 23 | €20,236 | €15,779 | -€4,457 | -22.0% |
| Furniture and vehicles | 24 | €13,423 | €10,320 | -€3,103 | -23.1% |
| Current assets | 29/58 | €33,495 | €24,499 | -€8,996 | -26.9% |
| Amounts receivable within one year | 40/41 | €6,015 | €13,687 | +€7,671 | +127.5% |
| Trade receivables | 40 | €4,936 | €12,520 | +€7,584 | +153.7% |
| Other amounts receivable | 41 | €1,080 | €1,167 | +€88 | +8.1% |
| Cash at bank and in hand | 54/58 | €27,391 | €10,660 | -€16,731 | -61.1% |
| Deferred charges and accrued income | 490/1 | €88 | €152 | +€64 | +72.6% |
| Total equity and liabilities | 10/49 | €67,154 | €50,598 | -€16,556 | -24.7% |
| Equity | 10/15 | €45,052 | €31,740 | -€13,312 | -29.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,052 | €26,740 | -€13,312 | -33.2% |
| Amounts payable | 17/49 | €22,102 | €18,858 | -€3,244 | -14.7% |
| Amounts payable within one year | 42/48 | €22,102 | €18,858 | -€3,244 | -14.7% |
| Trade debts | 44 | €7,012 | €8,808 | +€1,797 | +25.6% |
| Suppliers | 440/4 | €7,012 | €8,808 | +€1,797 | +25.6% |
| Taxes, remuneration and social security | 45 | €3,958 | €48 | -€3,910 | -98.8% |
| Taxes | 450/3 | €3,958 | €48 | -€3,910 | -98.8% |
| Other amounts payable | 47/48 | €11,132 | €10,001 | -€1,131 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,571 | €9,794 | +€4,223 | +75.8% |
| Other operating charges | 640/8 | €705 | €661 | -€43 | -6.2% |
| Gross operating margin | 9900 | €20,873 | -€2,843 | -€23,716 | |
| Operating profit (loss) | 9901 | €14,598 | -€13,298 | -€27,896 | |
| Financial income | 75/76B | €44 | €4 | -€40 | -91.3% |
| Recurring financial income | 75 | €44 | €4 | -€40 | -91.3% |
| Financial charges | 65/66B | €41 | €18 | -€23 | -57.0% |
| Recurring financial charges | 65 | €41 | €18 | -€23 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €14,601 | -€13,312 | -€27,913 | |
| Income taxes | 67/77 | €2,943 | - | -€2,943 | |
| Profit (loss) for the period | 9904 | €11,658 | -€13,312 | -€24,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,658 | -€13,312 | -€24,970 |
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 5 October 2026 via checked.be.