FUELIE: 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.
FUELIE
Largest movements
- Tangible fixed assets +€46,796
up €46,796 (+27.9%), from €167,503 to €214,299
of which Leasing and similar rights: +€55,485
- Receivables within one year -€22,846
down €22,846 (-5.6%), from €409,493 to €386,647
of which Trade receivables: -€108,322
- Other debts -€124,692
down €124,692 (-92.4%), from €135,000 to €10,308
- Profit (loss) carried forward +€120,212
up €120,212 (+227%), from €53,043 to €173,255
- Trade debts -€35,582
down €35,582 (-20.4%), from €174,568 to €138,986
- Tax, wage and social debts +€28,618
up €28,618 (+114%), from €25,074 to €53,692
of which Taxes: +€34,934
- Current portion of long-term debt +€24,687
up €24,687 (+58.1%), from €42,487 to €67,174
- Gross operating margin +€49,747
up €49,747 (+26.9%), from €184,889 to €234,636
- Staff costs -€40,507
no longer reported in 2025 (was €40,507)
- Taxes +€26,886
up €26,886 (+201%), from €13,395 to €40,281
- Other operating charges -€3,846
down €3,846 (-45.3%), from €8,487 to €4,641
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 | €630,862 | €650,526 | +€19,664 | +3.1% |
| Fixed assets | 21/28 | €168,753 | €215,549 | +€46,796 | +27.7% |
| Tangible fixed assets | 22/27 | €167,503 | €214,299 | +€46,796 | +27.9% |
| Plant, machinery and equipment | 23 | €13,449 | €10,323 | -€3,126 | -23.2% |
| Furniture and vehicles | 24 | €15,585 | €10,022 | -€5,563 | -35.7% |
| Leasing and similar rights | 25 | €138,469 | €193,953 | +€55,485 | +40.1% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €462,109 | €434,977 | -€27,132 | -5.9% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €409,493 | €386,647 | -€22,846 | -5.6% |
| Trade receivables | 40 | €388,396 | €280,074 | -€108,322 | -27.9% |
| Other amounts receivable | 41 | €21,096 | €106,573 | +€85,476 | +405% |
| Cash at bank and in hand | 54/58 | €43,962 | €39,604 | -€4,357 | -9.9% |
| Deferred charges and accrued income | 490/1 | €3,655 | €3,726 | +€71 | +1.9% |
| Total equity and liabilities | 10/49 | €630,862 | €650,526 | +€19,664 | +3.1% |
| Equity | 10/15 | €149,387 | €269,600 | +€120,212 | +80.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €76,344 | €76,344 | = | 0.0% |
| Distributable reserves | 133 | €76,344 | €76,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,043 | €173,255 | +€120,212 | +227% |
| Amounts payable | 17/49 | €481,475 | €380,926 | -€100,549 | -20.9% |
| Amounts payable after more than one year | 17 | €102,368 | €100,198 | -€2,171 | -2.1% |
| Financial debts | 170/4 | €102,368 | €100,198 | -€2,171 | -2.1% |
| Amounts payable within one year | 42/48 | €377,129 | €270,160 | -€106,969 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €42,487 | €67,174 | +€24,687 | +58.1% |
| Trade debts | 44 | €174,568 | €138,986 | -€35,582 | -20.4% |
| Suppliers | 440/4 | €174,568 | €138,986 | -€35,582 | -20.4% |
| Taxes, remuneration and social security | 45 | €25,074 | €53,692 | +€28,618 | +114% |
| Taxes | 450/3 | €18,758 | €53,692 | +€34,934 | +186% |
| Remuneration and social security | 454/9 | €6,316 | - | -€6,316 | |
| Other amounts payable | 47/48 | €135,000 | €10,308 | -€124,692 | -92.4% |
| Accrued charges and deferred income | 492/3 | €1,977 | €10,568 | +€8,590 | +434% |
| Remuneration, social security and pensions | 62 | €40,507 | - | -€40,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,717 | €58,346 | -€371 | -0.6% |
| Other operating charges | 640/8 | €8,487 | €4,641 | -€3,846 | -45.3% |
| Gross operating margin | 9900 | €184,889 | €234,636 | +€49,747 | +26.9% |
| Operating profit (loss) | 9901 | €77,179 | €171,649 | +€94,471 | +122% |
| Financial income | 75/76B | €11 | €2 | -€9 | -82.0% |
| Recurring financial income | 75 | €11 | €2 | -€9 | -82.0% |
| Financial charges | 65/66B | €10,752 | €11,158 | +€406 | +3.8% |
| Recurring financial charges | 65 | €10,752 | €11,158 | +€406 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €66,438 | €160,494 | +€94,056 | +142% |
| Income taxes | 67/77 | €13,395 | €40,281 | +€26,886 | +201% |
| Profit (loss) for the period | 9904 | €53,043 | €120,212 | +€67,169 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €53,043 | €120,212 | +€67,169 | +127% |
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.