FUELY: 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.
FUELY
Largest movements
- Receivables within one year +€67,996
up €67,996 (+458.2%), from €14,839 to €82,834
of which Trade receivables: +€62,253
- Cash -€17,983
down €17,983 (-64.0%), from €28,117 to €10,133
mainly Receivables within one year (-€67,996) and Investment in fixed assets (net) (-€3,704)
- Deferred charges and accrued income +€1,923
up €1,923 (+136.7%), from €1,406 to €3,329
- Trade debts +€31,168
up €31,168 (+301.9%), from €10,322 to €41,490
- Tax, wage and social debts +€10,211
up €10,211 (+16819.8%), from €61 to €10,272
- Reserves +€10,119
up €10,119 (+26.3%), from €38,525 to €48,644
- Gross operating margin +€9,892
up €9,892 (+101.4%), from €9,758 to €19,649
- Taxes +€2,617
up €2,617 (+141.1%), from €1,854 to €4,471
- Depreciation -€2,356
down €2,356 (-36.1%), from €6,523 to €4,167
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 | €53,090 | €104,562 | +€51,472 | +97.0% |
| Fixed assets | 21/28 | €8,729 | €8,265 | -€464 | -5.3% |
| Tangible fixed assets | 22/27 | €8,729 | €8,265 | -€464 | -5.3% |
| Furniture and vehicles | 24 | €8,729 | €8,265 | -€464 | -5.3% |
| Current assets | 29/58 | €44,362 | €96,297 | +€51,935 | +117.1% |
| Amounts receivable within one year | 40/41 | €14,839 | €82,834 | +€67,996 | +458.2% |
| Trade receivables | 40 | €9,151 | €71,405 | +€62,253 | +680.3% |
| Other amounts receivable | 41 | €5,687 | €11,430 | +€5,742 | +101.0% |
| Cash at bank and in hand | 54/58 | €28,117 | €10,133 | -€17,983 | -64.0% |
| Deferred charges and accrued income | 490/1 | €1,406 | €3,329 | +€1,923 | +136.7% |
| Total equity and liabilities | 10/49 | €53,090 | €104,562 | +€51,472 | +97.0% |
| Equity | 10/15 | €41,025 | €51,144 | +€10,119 | +24.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €38,525 | €48,644 | +€10,119 | +26.3% |
| Distributable reserves | 133 | €38,525 | €48,644 | +€10,119 | +26.3% |
| Amounts payable | 17/49 | €12,065 | €53,418 | +€41,353 | +342.7% |
| Amounts payable within one year | 42/48 | €12,065 | €53,418 | +€41,353 | +342.7% |
| Trade debts | 44 | €10,322 | €41,490 | +€31,168 | +301.9% |
| Suppliers | 440/4 | €10,322 | €41,490 | +€31,168 | +301.9% |
| Taxes, remuneration and social security | 45 | €61 | €10,272 | +€10,211 | +16819.8% |
| Taxes | 450/3 | €61 | €10,272 | +€10,211 | +16819.8% |
| Other amounts payable | 47/48 | €1,682 | €1,656 | -€26 | -1.6% |
| Non-recurring operating income | 76A | - | €4,191 | +€4,191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,523 | €4,167 | -€2,356 | -36.1% |
| Other operating charges | 640/8 | €804 | €776 | -€28 | -3.5% |
| Gross operating margin | 9900 | €9,758 | €19,649 | +€9,892 | +101.4% |
| Operating profit (loss) | 9901 | €2,430 | €14,706 | +€12,276 | +505.2% |
| Financial charges | 65/66B | €229 | €117 | -€112 | -49.1% |
| Recurring financial charges | 65 | €229 | €117 | -€112 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €2,201 | €14,589 | +€12,388 | +562.8% |
| Income taxes | 67/77 | €1,854 | €4,471 | +€2,617 | +141.1% |
| Profit (loss) for the period | 9904 | €347 | €10,119 | +€9,772 | +2815.6% |
| Profit (loss) for the period to be appropriated | 9905 | €347 | €10,119 | +€9,772 | +2815.6% |
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 7 October 2026 via checked.be.