HYDRANT REFUELLING SYSTEM: 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.
What changed
HYDRANT REFUELLING SYSTEM
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€302,374
2024 · €254,736-€557,110
Equity
€461,142
2024 · €763,516-€302,374
Cash
€475,396
2024 · €1.2m-€772,926
Balance sheet total
€710,843
2024 · €3.0m-€2.3m
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-86.5%), from €1.7m to €235,376
of which Other amounts receivable: -€1.3m
- Cash -€772,926
down €772,926 (-61.9%), from €1.2m to €475,396
mainly Other debts (-€1.4m) and Net result for the year (-€302,374)
Equity and liabilities
- Other debts -€1.4m
no longer reported in 2025 (was €1.4m)
- Profit (loss) carried forward -€302,375
down €302,375, from €254,736 to -€47,639
- Accrued charges and deferred income -€281,032
down €281,032 (-90.8%), from €309,652 to €28,620
- Tax, wage and social debts -€259,066
down €259,066 (-61.3%), from €422,751 to €163,685
of which Taxes: -€259,066
- Trade debts -€35,981
down €35,981 (-38.5%), from €93,377 to €57,396
Income statement
- Turnover -€6.4m
no longer reported in 2025 (was €6.4m)
- Services and other goods -€2.9m
down €2.9m (-96.4%), from €3.0m to €108,613
- Other operating charges -€1.7m
down €1.7m (-95.1%), from €1.8m to €85,791
- Provisions -€1.0m
no longer reported in 2025 (was €1.0m)
- Staff costs -€983,890
no longer reported in 2025 (was €983,890)
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.
Result 2024
€254,736
Turnover
-€6.4m
Other operating income
-€729,134
Goods and materials
+€335,677
Services and other goods
+€2.9m
Staff costs
+€983,890
Depreciation
+€553,640
Write-downs
-€582,187
Provisions
+€1.0m
Other operating charges
+€1.7m
Other operating items
-€428,868
Financial income
-€76
Financial charges
-€221
Other financial items
+€71
Taxes
+€145,402
Deferred taxes and other
+€1
Result 2025
-€302,374
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€768,817
Investment
-€4,109
Financing
€0
Cash 2024
€1.2m
From operations (derived)
-€768,817
Net result for the year
-€302,374
Depreciation
+€4,038
Receivables within one year
+€1.5m
Trade debts
-€35,981
Tax, wage and social debts
-€259,066
Other debts
-€1.4m
Accrued charges and deferred income
-€281,032
Investment (derived)
-€4,109
Investment in fixed assets (net)
-€4,109
Cash 2025
€475,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,989,296 | €710,843 | -€2.3m | -76.2% |
| Fixed assets | 21/28 | €0 | €71 | +€71 | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | €71 | +€71 | |
| Other financial fixed assets | 284/8 | €0 | €71 | +€71 | |
| Amounts receivable and cash guarantees | 285/8 | €0 | €71 | +€71 | |
| Current assets | 29/58 | €2,989,296 | €710,772 | -€2.3m | -76.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Raw materials and consumables | 30/31 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,740,973 | €235,376 | -€1.5m | -86.5% |
| Trade receivables | 40 | €252,193 | €2,336 | -€249,857 | -99.1% |
| Other amounts receivable | 41 | €1,488,781 | €233,040 | -€1.3m | -84.3% |
| Cash at bank and in hand | 54/58 | €1,248,322 | €475,396 | -€772,926 | -61.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,989,296 | €710,843 | -€2.3m | -76.2% |
| Equity | 10/15 | €763,516 | €461,142 | -€302,374 | -39.6% |
| Contributions | 10/11 | €463,255 | €463,255 | = | 0.0% |
| Capital | 10 | €463,255 | €463,255 | = | 0.0% |
| Issued capital | 100 | €463,255 | €463,255 | = | 0.0% |
| Reserves | 13 | €45,526 | €45,526 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €45,526 | €45,526 | +€1 | 0.0% |
| Legal reserve | 130 | €45,526 | €45,526 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | €254,736 | -€47,639 | -€302,375 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €2,225,780 | €249,701 | -€2.0m | -88.8% |
| Amounts payable within one year | 42/48 | €1,916,128 | €221,081 | -€1.7m | -88.5% |
| Trade debts | 44 | €93,377 | €57,396 | -€35,981 | -38.5% |
| Suppliers | 440/4 | €93,377 | €57,396 | -€35,981 | -38.5% |
| Taxes, remuneration and social security | 45 | €422,751 | €163,685 | -€259,066 | -61.3% |
| Taxes | 450/3 | €422,751 | €163,685 | -€259,066 | -61.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,400,000 | - | -€1.4m | |
| Accrued charges and deferred income | 492/3 | €309,652 | €28,620 | -€281,032 | -90.8% |
| Operating income | 70/76A | €7,459,504 | €59,913 | -€7.4m | -99.2% |
| Turnover | 70 | €6,401,693 | - | -€6.4m | |
| Other operating income | 74 | €754,710 | €25,576 | -€729,134 | -96.6% |
| Non-recurring operating income | 76A | €303,101 | €34,337 | -€268,764 | -88.7% |
| Operating charges | 60/66A | €7,055,850 | €358,545 | -€6.7m | -94.9% |
| Goods for resale, raw materials and consumables | 60 | €335,677 | - | -€335,677 | |
| Purchases | 600/8 | €333,907 | - | -€333,907 | |
| Change in stocks: decrease (increase) | 609 | €1,771 | - | -€1,771 | |
| Services and other goods | 61 | €3,005,835 | €108,613 | -€2.9m | -96.4% |
| Remuneration, social security and pensions | 62 | €983,890 | - | -€983,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €557,678 | €4,038 | -€553,640 | -99.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€582,187 | - | +€582,187 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,000,000 | - | -€1.0m | |
| Other operating charges | 640/8 | €1,754,956 | €85,791 | -€1.7m | -95.1% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | - | €160,103 | +€160,103 | |
| Operating profit (loss) | 9901 | €403,654 | -€298,633 | -€702,287 | |
| Financial income | 75/76B | €76 | - | -€76 | |
| Recurring financial income | 75 | €76 | €71 | -€5 | -6.6% |
| Income from financial fixed assets | 750 | - | €71 | +€71 | |
| Income from current assets | 751 | €42 | - | -€42 | |
| Other financial income | 752/9 | €34 | - | -€34 | |
| Financial charges | 65/66B | €3,886 | €4,107 | +€221 | +5.7% |
| Recurring financial charges | 65 | €3,886 | €4,107 | +€221 | +5.7% |
| Debt charges | 650 | €1,507 | €4,107 | +€2,600 | +173% |
| Other financial charges | 652/9 | €2,379 | - | -€2,379 | |
| Profit (loss) for the period before taxes | 9903 | €399,844 | -€302,669 | -€702,513 | |
| Income taxes | 67/77 | €145,108 | -€294 | -€145,402 | |
| Taxes | 670/3 | €145,108 | - | -€145,108 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €294 | +€294 | |
| Profit (loss) for the period | 9904 | €254,736 | -€302,374 | -€557,110 | |
| Profit (loss) for the period to be appropriated | 9905 | €254,736 | -€302,374 | -€557,110 |
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 24 October 2026 via checked.be.