SGQSCOMBUSTIBLES: 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.
SGQSCOMBUSTIBLES
Largest movements
- Receivables within one year -€23,231
down €23,231 (-39.9%), from €58,249 to €35,018
of which Other amounts receivable: -€24,947
- Stocks and contracts +€7,578
up €7,578 (+168%), from €4,500 to €12,078
- Tangible fixed assets +€2,042
up €2,042 (+57.4%), from €3,556 to €5,597
of which Other tangible fixed assets: +€3,625
- Trade debts -€16,588
down €16,588 (-41.1%), from €40,371 to €23,783
- Short-term financial debts +€4,788
up €4,788 (+37.2%), from €12,875 to €17,662
- Tax, wage and social debts -€2,195
down €2,195 (-44.2%), from €4,970 to €2,775
of which Remuneration and social security: -€1,548
- Advances received -€806
no longer reported in 2025 (was €806)
- Gross operating margin +€15,901
up €15,901 (+80.8%), from €19,686 to €35,588
- Staff costs +€14,497
up €14,497 (+112%), from €12,906 to €27,402
- Financial income -€3,000
no longer reported in 2025 (was €3,000)
of which Financial income: -€3,000
- Depreciation +€1,984
up €1,984 (+166%), from €1,194 to €3,178
- Financial charges +€881
up €881 (+41.7%), from €2,113 to €2,994
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 | €70,556 | €56,279 | -€14,277 | -20.2% |
| Fixed assets | 21/28 | €3,556 | €5,597 | +€2,042 | +57.4% |
| Tangible fixed assets | 22/27 | €3,556 | €5,597 | +€2,042 | +57.4% |
| Plant, machinery and equipment | 23 | €667 | €417 | -€250 | -37.5% |
| Furniture and vehicles | 24 | €2,889 | €1,556 | -€1,333 | -46.2% |
| Other tangible fixed assets | 26 | - | €3,625 | +€3,625 | |
| Current assets | 29/58 | €67,000 | €50,681 | -€16,319 | -24.4% |
| Stocks and contracts in progress | 3 | €4,500 | €12,078 | +€7,578 | +168% |
| Stocks | 30/36 | €4,500 | €12,078 | +€7,578 | +168% |
| Amounts receivable within one year | 40/41 | €58,249 | €35,018 | -€23,231 | -39.9% |
| Trade receivables | 40 | €8,088 | €9,803 | +€1,715 | +21.2% |
| Other amounts receivable | 41 | €50,161 | €25,215 | -€24,947 | -49.7% |
| Cash at bank and in hand | 54/58 | €4,251 | €3,585 | -€665 | -15.7% |
| Total equity and liabilities | 10/49 | €70,556 | €56,279 | -€14,277 | -20.2% |
| Equity | 10/15 | €11,534 | €12,059 | +€525 | +4.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,534 | €5,059 | +€525 | +11.6% |
| Amounts payable | 17/49 | €59,022 | €44,220 | -€14,802 | -25.1% |
| Amounts payable within one year | 42/48 | €59,022 | €44,220 | -€14,802 | -25.1% |
| Financial debts | 43 | €12,875 | €17,662 | +€4,788 | +37.2% |
| Credit institutions | 430/8 | €12,875 | €17,662 | +€4,788 | +37.2% |
| Trade debts | 44 | €40,371 | €23,783 | -€16,588 | -41.1% |
| Suppliers | 440/4 | €40,371 | €23,783 | -€16,588 | -41.1% |
| Advances received on contracts in progress | 46 | €806 | - | -€806 | |
| Taxes, remuneration and social security | 45 | €4,970 | €2,775 | -€2,195 | -44.2% |
| Taxes | 450/3 | €1,136 | €489 | -€647 | -56.9% |
| Remuneration and social security | 454/9 | €3,834 | €2,286 | -€1,548 | -40.4% |
| Remuneration, social security and pensions | 62 | €12,906 | €27,402 | +€14,497 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,194 | €3,178 | +€1,984 | +166% |
| Other operating charges | 640/8 | €803 | €999 | +€196 | +24.4% |
| Gross operating margin | 9900 | €19,686 | €35,588 | +€15,901 | +80.8% |
| Operating profit (loss) | 9901 | €4,783 | €4,008 | -€775 | -16.2% |
| Financial income | 75/76B | €3,000 | - | -€3,000 | |
| Recurring financial income | 75 | €3,000 | - | -€3,000 | |
| Non-recurring financial income | 76B | €3,000 | - | -€3,000 | |
| Financial charges | 65/66B | €2,113 | €2,994 | +€881 | +41.7% |
| Recurring financial charges | 65 | €2,113 | €2,994 | +€881 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €5,670 | €1,014 | -€4,656 | -82.1% |
| Income taxes | 67/77 | €1,136 | €489 | -€647 | -56.9% |
| Profit (loss) for the period | 9904 | €4,534 | €525 | -€4,009 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,534 | €525 | -€4,009 | -88.4% |
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 31 October 2026 via checked.be.