FUEL WAY: 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 WAY
Largest movements
- Receivables within one year -€9,340
down €9,340 (-74.5%), from €12,536 to €3,197
of which Trade receivables: -€8,047
- Cash -€4,189
down €4,189 (-4.5%), from €92,405 to €88,216
mainly Contributions, distributions and other (-€8,235) and Net result for the year (-€5,665)
- Deferred charges and accrued income +€2,575
up €2,575 (+261%), from €986 to €3,561
- Profit (loss) carried forward -€13,900
down €13,900 (-13.4%), from €103,652 to €89,752
- Accrued charges and deferred income +€5,783
new in 2024: €5,783
- Trade debts -€4,111
down €4,111 (-43.5%), from €9,455 to €5,345
- Other operating charges +€22,918
up €22,918 (+559%), from €4,097 to €27,015
- Gross operating margin +€18,508
up €18,508 (+64.7%), from €28,617 to €47,125
- Taxes +€4,370
up €4,370 (+359%), from €1,218 to €5,588
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,440 | €134,770 | -€11,670 | -8.0% |
| Fixed assets | 21/28 | €10,050 | €10,050 | = | 0.0% |
| Financial fixed assets | 28 | €10,050 | €10,050 | = | 0.0% |
| Current assets | 29/58 | €136,390 | €124,720 | -€11,670 | -8.6% |
| Stocks and contracts in progress | 3 | €30,462 | €29,746 | -€716 | -2.4% |
| Stocks | 30/36 | €30,462 | €29,746 | -€716 | -2.4% |
| Amounts receivable within one year | 40/41 | €12,536 | €3,197 | -€9,340 | -74.5% |
| Trade receivables | 40 | €9,462 | €1,415 | -€8,047 | -85.0% |
| Other amounts receivable | 41 | €3,075 | €1,782 | -€1,293 | -42.0% |
| Cash at bank and in hand | 54/58 | €92,405 | €88,216 | -€4,189 | -4.5% |
| Deferred charges and accrued income | 490/1 | €986 | €3,561 | +€2,575 | +261% |
| Total equity and liabilities | 10/49 | €146,440 | €134,770 | -€11,670 | -8.0% |
| Equity | 10/15 | €124,112 | €110,212 | -€13,900 | -11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,652 | €89,752 | -€13,900 | -13.4% |
| Amounts payable | 17/49 | €22,327 | €24,557 | +€2,230 | +10.0% |
| Amounts payable within one year | 42/48 | €22,327 | €18,774 | -€3,553 | -15.9% |
| Trade debts | 44 | €9,455 | €5,345 | -€4,111 | -43.5% |
| Suppliers | 440/4 | €9,455 | €5,345 | -€4,111 | -43.5% |
| Taxes, remuneration and social security | 45 | €9,571 | €9,136 | -€435 | -4.5% |
| Taxes | 450/3 | €1,608 | €3,957 | +€2,349 | +146% |
| Remuneration and social security | 454/9 | €7,962 | €5,179 | -€2,784 | -35.0% |
| Other amounts payable | 47/48 | €3,301 | €4,294 | +€992 | +30.1% |
| Accrued charges and deferred income | 492/3 | - | €5,783 | +€5,783 | |
| Remuneration, social security and pensions | 62 | €18,801 | €18,949 | +€148 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168 | - | -€168 | |
| Other operating charges | 640/8 | €4,097 | €27,015 | +€22,918 | +559% |
| Gross operating margin | 9900 | €28,617 | €47,125 | +€18,508 | +64.7% |
| Operating profit (loss) | 9901 | €5,551 | €1,161 | -€4,390 | -79.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -47.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -47.1% |
| Financial charges | 65/66B | €912 | €1,237 | +€325 | +35.6% |
| Recurring financial charges | 65 | €912 | €1,237 | +€325 | +35.6% |
| Profit (loss) for the period before taxes | 9903 | €4,639 | -€77 | -€4,715 | |
| Income taxes | 67/77 | €1,218 | €5,588 | +€4,370 | +359% |
| Profit (loss) for the period | 9904 | €3,421 | -€5,665 | -€9,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,421 | -€5,665 | -€9,085 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.