INDUSTRIAL FUEL TECHNOLOGY: 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.
INDUSTRIAL FUEL TECHNOLOGY
Largest movements
- Current investments +€950,000
up €950,000 (+76.0%), from €1.3m to €2.2m
- Cash -€404,822
down €404,822 (-90.5%), from €447,457 to €42,635
mainly Contributions, distributions and other (-€1.3m) and Current investments (-€950,000)
- Tangible fixed assets +€324,657
up €324,657 (+8.7%), from €3.7m to €4.1m
of which Furniture and vehicles: +€458,403
- Other debts +€904,711
up €904,711 (+226%), from €400,000 to €1.3m
- Profit (loss) carried forward +€449,694
up €449,694 (+1.8%), from €24.9m to €25.3m
- Depreciation +€60,406
up €60,406 (+41.3%), from €146,371 to €206,776
- Other operating charges +€14,279
up €14,279 (+207%), from €6,896 to €21,176
- Financial charges -€9,033
down €9,033 (-93.5%), from €9,663 to €630
- Gross operating margin -€6,814
down €6,814 (-3.4%), from €199,193 to €192,380
- Financial income -€3,609
down €3,609 (-0.2%), from €1.8m to €1.8m
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 | €28,928,771 | €30,295,679 | +€1.4m | +4.7% |
| Fixed assets | 21/28 | €25,111,204 | €25,435,861 | +€324,657 | +1.3% |
| Tangible fixed assets | 22/27 | €3,736,200 | €4,060,857 | +€324,657 | +8.7% |
| Land and buildings | 22 | €3,714,864 | €3,575,280 | -€139,584 | -3.8% |
| Plant, machinery and equipment | 23 | €11,403 | €17,241 | +€5,838 | +51.2% |
| Furniture and vehicles | 24 | €9,933 | €468,336 | +€458,403 | +4,615% |
| Financial fixed assets | 28 | €21,375,003 | €21,375,003 | = | 0.0% |
| Current assets | 29/58 | €3,817,568 | €4,859,819 | +€1.0m | +27.3% |
| Stocks and contracts in progress | 3 | €1,951,273 | €2,187,773 | +€236,500 | +12.1% |
| Stocks | 30/36 | €1,951,273 | €2,187,773 | +€236,500 | +12.1% |
| Amounts receivable within one year | 40/41 | €162,483 | €423,802 | +€261,318 | +161% |
| Trade receivables | 40 | €61,416 | €145,303 | +€83,887 | +137% |
| Other amounts receivable | 41 | €101,067 | €278,498 | +€177,431 | +176% |
| Current investments | 50/53 | €1,250,000 | €2,200,000 | +€950,000 | +76.0% |
| Cash at bank and in hand | 54/58 | €447,457 | €42,635 | -€404,822 | -90.5% |
| Deferred charges and accrued income | 490/1 | €6,355 | €5,609 | -€745 | -11.7% |
| Total equity and liabilities | 10/49 | €28,928,771 | €30,295,679 | +€1.4m | +4.7% |
| Equity | 10/15 | €28,504,837 | €28,954,531 | +€449,694 | +1.6% |
| Contributions | 10/11 | €2,975,822 | €2,975,822 | = | 0.0% |
| Reserves | 13 | €668,244 | €668,244 | = | 0.0% |
| Distributable reserves | 133 | €668,244 | €668,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,860,771 | €25,310,465 | +€449,694 | +1.8% |
| Amounts payable | 17/49 | €423,935 | €1,341,149 | +€917,214 | +216% |
| Amounts payable within one year | 42/48 | €418,772 | €1,336,323 | +€917,551 | +219% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €18,434 | €25,082 | +€6,648 | +36.1% |
| Suppliers | 440/4 | €18,434 | €25,082 | +€6,648 | +36.1% |
| Taxes, remuneration and social security | 45 | €337 | €6,530 | +€6,193 | +1,836% |
| Taxes | 450/3 | €337 | €0 | -€337 | -100% |
| Remuneration and social security | 454/9 | - | €6,530 | +€6,530 | |
| Other amounts payable | 47/48 | €400,000 | €1,304,711 | +€904,711 | +226% |
| Accrued charges and deferred income | 492/3 | €5,163 | €4,826 | -€337 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,371 | €206,776 | +€60,406 | +41.3% |
| Other operating charges | 640/8 | €6,896 | €21,176 | +€14,279 | +207% |
| Non-recurring operating charges | 66A | €118,236 | €0 | -€118,236 | -100% |
| Gross operating margin | 9900 | €199,193 | €192,380 | -€6,814 | -3.4% |
| Operating profit (loss) | 9901 | -€72,310 | -€35,573 | +€36,737 | +50.8% |
| Financial income | 75/76B | €1,789,687 | €1,786,078 | -€3,609 | -0.2% |
| Recurring financial income | 75 | €1,789,687 | €1,786,078 | -€3,609 | -0.2% |
| Financial charges | 65/66B | €9,663 | €630 | -€9,033 | -93.5% |
| Recurring financial charges | 65 | €9,663 | €630 | -€9,033 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €1,707,714 | €1,749,875 | +€42,161 | +2.5% |
| Income taxes | 67/77 | - | €181 | +€181 | |
| Profit (loss) for the period | 9904 | €1,707,714 | €1,749,694 | +€41,981 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,707,714 | €1,749,694 | +€41,981 | +2.5% |
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 20 October 2026 via checked.be.