THE REFUELERS: 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.
THE REFUELERS
Largest movements
- Cash -€21,591
down €21,591 (-21.5%), from €100,210 to €78,620
mainly Trade debts (-€16,346) and Net result for the year (-€8,553)
- Receivables within one year -€6,751
down €6,751 (-8.3%), from €81,472 to €74,721
of which Other amounts receivable: -€13,673
- Tangible fixed assets +€5,389
new in 2025: €5,389
- Trade debts -€16,346
down €16,346 (-32.1%), from €50,924 to €34,578
- Reserves -€8,553
down €8,553 (-6.9%), from €124,576 to €116,023
- Tax, wage and social debts +€2,184
up €2,184 (+492%), from €444 to €2,628
- Gross operating margin -€31,062
down €31,062, from €23,249 to -€7,813
- Taxes -€7,935
no longer reported in 2025 (was €7,935)
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 | €182,244 | €159,709 | -€22,535 | -12.4% |
| Fixed assets | 21/28 | - | €5,389 | +€5,389 | |
| Tangible fixed assets | 22/27 | - | €5,389 | +€5,389 | |
| Furniture and vehicles | 24 | - | €5,389 | +€5,389 | |
| Current assets | 29/58 | €182,244 | €154,321 | -€27,924 | -15.3% |
| Amounts receivable within one year | 40/41 | €81,472 | €74,721 | -€6,751 | -8.3% |
| Trade receivables | 40 | €67,794 | €74,716 | +€6,922 | +10.2% |
| Other amounts receivable | 41 | €13,677 | €4 | -€13,673 | -100.0% |
| Cash at bank and in hand | 54/58 | €100,210 | €78,620 | -€21,591 | -21.5% |
| Deferred charges and accrued income | 490/1 | €562 | €980 | +€418 | +74.3% |
| Total equity and liabilities | 10/49 | €182,244 | €159,709 | -€22,535 | -12.4% |
| Equity | 10/15 | €130,876 | €122,323 | -€8,553 | -6.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €124,576 | €116,023 | -€8,553 | -6.9% |
| Distributable reserves | 133 | €124,576 | €116,023 | -€8,553 | -6.9% |
| Amounts payable | 17/49 | €51,368 | €37,387 | -€13,981 | -27.2% |
| Amounts payable within one year | 42/48 | €51,368 | €37,387 | -€13,981 | -27.2% |
| Trade debts | 44 | €50,924 | €34,578 | -€16,346 | -32.1% |
| Suppliers | 440/4 | €50,924 | €34,578 | -€16,346 | -32.1% |
| Taxes, remuneration and social security | 45 | €444 | €2,628 | +€2,184 | +492% |
| Taxes | 450/3 | €444 | €2,628 | +€2,184 | +492% |
| Other amounts payable | 47/48 | - | €181 | +€181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287 | €293 | +€6 | +2.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €23,249 | -€7,813 | -€31,062 | |
| Operating profit (loss) | 9901 | €22,578 | -€8,494 | -€31,071 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €117 | €88 | -€29 | -24.6% |
| Recurring financial charges | 65 | €117 | €88 | -€29 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €22,461 | -€8,553 | -€31,014 | |
| Income taxes | 67/77 | €7,935 | - | -€7,935 | |
| Profit (loss) for the period | 9904 | €14,526 | -€8,553 | -€23,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,526 | -€8,553 | -€23,080 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.