GENERAL BUNKERING SERVICES: 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.
GENERAL BUNKERING SERVICES
Largest movements
- Receivables within one year -€199,274
down €199,274 (-20.3%), from €982,296 to €783,022
of which Other amounts receivable: -€105,585
- Cash +€25,223
up €25,223 (+1,413%), from €1,785 to €27,008
mainly Receivables within one year (+€199,274) and Net result for the year (+€36,048)
- Tangible fixed assets -€21,988
down €21,988 (-43.5%), from €50,553 to €28,565
- Deferred charges and accrued income -€18,696
down €18,696 (-60.4%), from €30,947 to €12,251
- Trade debts -€233,935
down €233,935 (-77.5%), from €301,797 to €67,863
- Reserves +€36,048
up €36,048 (+5.5%), from €658,704 to €694,752
of which Distributable reserves: +€36,048
- Other debts -€15,380
down €15,380 (-100%), from €15,380 to €0
- Gross operating margin +€124,583
up €124,583 (+74.5%), from €167,278 to €291,861
- Taxes -€29,304
down €29,304 (-100%), from €29,304 to €0
- Staff costs +€23,702
up €23,702 (+11.0%), from €215,256 to €238,958
- Financial income -€8,961
down €8,961 (-57.9%), from €15,479 to €6,518
- Depreciation -€8,811
down €8,811 (-34.5%), from €25,555 to €16,744
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,068,077 | €850,846 | -€217,231 | -20.3% |
| Fixed assets | 21/28 | €53,048 | €28,565 | -€24,483 | -46.2% |
| Tangible fixed assets | 22/27 | €50,553 | €28,565 | -€21,988 | -43.5% |
| Land and buildings | 22 | €3,343 | €2,540 | -€802 | -24.0% |
| Plant, machinery and equipment | 23 | €28,015 | €20,191 | -€7,824 | -27.9% |
| Furniture and vehicles | 24 | €13,952 | €5,834 | -€8,118 | -58.2% |
| Leasing and similar rights | 25 | €5,244 | €0 | -€5,244 | -100% |
| Financial fixed assets | 28 | €2,496 | €0 | -€2,496 | -100% |
| Current assets | 29/58 | €1,015,028 | €822,281 | -€192,748 | -19.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €982,296 | €783,022 | -€199,274 | -20.3% |
| Trade receivables | 40 | €537,982 | €444,292 | -€93,689 | -17.4% |
| Other amounts receivable | 41 | €444,314 | €338,729 | -€105,585 | -23.8% |
| Cash at bank and in hand | 54/58 | €1,785 | €27,008 | +€25,223 | +1,413% |
| Deferred charges and accrued income | 490/1 | €30,947 | €12,251 | -€18,696 | -60.4% |
| Total equity and liabilities | 10/49 | €1,068,077 | €850,846 | -€217,231 | -20.3% |
| Equity | 10/15 | €738,704 | €774,752 | +€36,048 | +4.9% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €658,704 | €694,752 | +€36,048 | +5.5% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,637 | €118,637 | = | 0.0% |
| Distributable reserves | 133 | €532,066 | €568,114 | +€36,048 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €329,373 | €76,094 | -€253,279 | -76.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €329,217 | €74,275 | -€254,943 | -77.4% |
| Current portion of amounts payable after more than one year | 42 | €6,224 | €0 | -€6,224 | -100% |
| Trade debts | 44 | €301,797 | €67,863 | -€233,935 | -77.5% |
| Suppliers | 440/4 | €301,797 | €67,863 | -€233,935 | -77.5% |
| Taxes, remuneration and social security | 45 | €5,816 | €6,412 | +€596 | +10.2% |
| Taxes | 450/3 | €130 | €6,412 | +€6,282 | +4,829% |
| Remuneration and social security | 454/9 | €5,686 | €0 | -€5,686 | -100% |
| Other amounts payable | 47/48 | €15,380 | €0 | -€15,380 | -100% |
| Accrued charges and deferred income | 492/3 | €155 | €1,819 | +€1,664 | +1,071% |
| Non-recurring operating income | 76A | €0 | €3,021 | +€3,021 | |
| Remuneration, social security and pensions | 62 | €215,256 | €238,958 | +€23,702 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,555 | €16,744 | -€8,811 | -34.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,103 | €1,514 | +€411 | +37.2% |
| Non-recurring operating charges | 66A | - | €2,496 | +€2,496 | |
| Gross operating margin | 9900 | €167,278 | €291,861 | +€124,583 | +74.5% |
| Operating profit (loss) | 9901 | -€74,636 | €32,149 | +€106,785 | |
| Financial income | 75/76B | €15,479 | €6,518 | -€8,961 | -57.9% |
| Recurring financial income | 75 | €15,479 | €6,518 | -€8,961 | -57.9% |
| Financial charges | 65/66B | €4,256 | €2,619 | -€1,637 | -38.5% |
| Recurring financial charges | 65 | €4,256 | €2,619 | -€1,637 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€63,413 | €36,048 | +€99,461 | |
| Income taxes | 67/77 | €29,304 | €0 | -€29,304 | -100% |
| Profit (loss) for the period | 9904 | -€92,717 | €36,048 | +€128,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,717 | €36,048 | +€128,765 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.