PCL FUEL: 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.
PCL FUEL
Largest movements
- Receivables within one year +€23,605
up €23,605 (+164%), from €14,396 to €38,001
of which Trade receivables: +€38,001
- Cash -€14,506
down €14,506 (-59.3%), from €24,478 to €9,972
mainly Other debts (-€26,763) and Receivables within one year (-€23,605)
- Tangible fixed assets -€6,444
down €6,444 (-2.6%), from €249,520 to €243,075
of which Land and buildings: -€6,444
- Profit (loss) carried forward +€28,802
up €28,802 (+49.9%), from -€57,766 to -€28,964
- Other debts -€26,763
down €26,763 (-26.3%), from €101,576 to €74,813
- Debts after one year -€5,845
down €5,845 (-4.0%), from €147,743 to €141,898
- Tax, wage and social debts +€4,087
up €4,087 (+933%), from €438 to €4,525
- Gross operating margin +€45,140
up €45,140, from -€1,927 to €43,213
- Depreciation -€41,731
down €41,731 (-86.6%), from €48,175 to €6,444
- Other operating charges -€2,181
down €2,181 (-70.6%), from €3,089 to €908
- Financial charges +€2,011
up €2,011 (+46.3%), from €4,346 to €6,356
- Taxes +€651
up €651 (+149%), from €438 to €1,088
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 | €289,712 | €291,049 | +€1,336 | +0.5% |
| Fixed assets | 21/28 | €249,520 | €243,075 | -€6,444 | -2.6% |
| Tangible fixed assets | 22/27 | €249,520 | €243,075 | -€6,444 | -2.6% |
| Land and buildings | 22 | €249,520 | €243,075 | -€6,444 | -2.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €40,193 | €47,973 | +€7,781 | +19.4% |
| Amounts receivable within one year | 40/41 | €14,396 | €38,001 | +€23,605 | +164% |
| Trade receivables | 40 | €0 | €38,001 | +€38,001 | |
| Other amounts receivable | 41 | €14,396 | €0 | -€14,396 | -100% |
| Cash at bank and in hand | 54/58 | €24,478 | €9,972 | -€14,506 | -59.3% |
| Deferred charges and accrued income | 490/1 | €1,318 | €0 | -€1,318 | -100% |
| Total equity and liabilities | 10/49 | €289,712 | €291,049 | +€1,336 | +0.5% |
| Equity | 10/15 | €34,216 | €63,019 | +€28,802 | +84.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €79,583 | €79,583 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €79,583 | €79,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,766 | -€28,964 | +€28,802 | +49.9% |
| Amounts payable | 17/49 | €255,496 | €228,030 | -€27,466 | -10.8% |
| Amounts payable after more than one year | 17 | €147,743 | €141,898 | -€5,845 | -4.0% |
| Financial debts | 170/4 | €147,743 | €141,898 | -€5,845 | -4.0% |
| Amounts payable within one year | 42/48 | €107,753 | €86,132 | -€21,621 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €5,167 | €5,845 | +€678 | +13.1% |
| Trade debts | 44 | €572 | €949 | +€376 | +65.7% |
| Suppliers | 440/4 | €572 | €949 | +€376 | +65.7% |
| Taxes, remuneration and social security | 45 | €438 | €4,525 | +€4,087 | +933% |
| Taxes | 450/3 | €438 | €4,525 | +€4,087 | +933% |
| Other amounts payable | 47/48 | €101,576 | €74,813 | -€26,763 | -26.3% |
| Non-recurring operating income | 76A | - | €34,390 | +€34,390 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,175 | €6,444 | -€41,731 | -86.6% |
| Other operating charges | 640/8 | €3,089 | €908 | -€2,181 | -70.6% |
| Gross operating margin | 9900 | -€1,927 | €43,213 | +€45,140 | |
| Operating profit (loss) | 9901 | -€53,191 | €35,861 | +€89,052 | |
| Financial income | 75/76B | €208 | €387 | +€178 | +85.7% |
| Recurring financial income | 75 | €208 | €387 | +€178 | +85.7% |
| Financial charges | 65/66B | €4,346 | €6,356 | +€2,011 | +46.3% |
| Recurring financial charges | 65 | €4,346 | €6,356 | +€2,011 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | -€57,329 | €29,891 | +€87,219 | |
| Income taxes | 67/77 | €438 | €1,088 | +€651 | +149% |
| Profit (loss) for the period | 9904 | -€57,766 | €28,802 | +€86,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,766 | €28,802 | +€86,569 |
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.