X-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.
X-Fuel
Largest movements
- Receivables within one year -€31,596
down €31,596 (-24.0%), from €131,731 to €100,135
of which Other amounts receivable: -€18,857
- Stocks and contracts -€27,026
no longer reported in 2024 (was €27,026)
- Financial fixed assets -€13,036
down €13,036 (-78.8%), from €16,536 to €3,500
- Cash -€12,132
no longer reported in 2024 (was €12,132)
mainly Trade debts (-€53,621) and Tax, wage and social debts (-€16,422)
- Trade debts -€53,621
down €53,621 (-86.9%), from €61,680 to €8,059
- Tax, wage and social debts -€16,422
down €16,422 (-49.6%), from €33,108 to €16,686
of which Remuneration and social security: -€15,216
- Debts after one year -€9,820
down €9,820 (-48.1%), from €20,425 to €10,605
- Profit (loss) carried forward -€8,224
down €8,224 (-23.6%), from €34,777 to €26,553
- Short-term financial debts +€2,719
new in 2024: €2,719
- Turnover -€1.0m
down €1.0m (-94.1%), from €1.1m to €63,525
- Purchases and services -€935,935
down €935,935 (-93.1%), from €1.0m to €69,057
- Gross operating margin -€131,410
down €131,410 (-98.0%), from €134,031 to €2,621
- Staff costs -€96,442
down €96,442 (-93.4%), from €103,246 to €6,804
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,532 | €104,442 | -€85,090 | -44.9% |
| Formation expenses | 20 | €1,328 | €798 | -€530 | -39.9% |
| Fixed assets | 21/28 | €16,536 | €3,500 | -€13,036 | -78.8% |
| Financial fixed assets | 28 | €16,536 | €3,500 | -€13,036 | -78.8% |
| Current assets | 29/58 | €171,668 | €100,144 | -€71,524 | -41.7% |
| Stocks and contracts in progress | 3 | €27,026 | - | -€27,026 | |
| Stocks | 30/36 | €27,026 | - | -€27,026 | |
| Amounts receivable within one year | 40/41 | €131,731 | €100,135 | -€31,596 | -24.0% |
| Trade receivables | 40 | €14,240 | €1,500 | -€12,740 | -89.5% |
| Other amounts receivable | 41 | €117,492 | €98,635 | -€18,857 | -16.0% |
| Cash at bank and in hand | 54/58 | €12,132 | - | -€12,132 | |
| Deferred charges and accrued income | 490/1 | €779 | €9 | -€770 | -98.9% |
| Total equity and liabilities | 10/49 | €189,532 | €104,442 | -€85,090 | -44.9% |
| Equity | 10/15 | €64,777 | €56,553 | -€8,224 | -12.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,777 | €26,553 | -€8,224 | -23.6% |
| Amounts payable | 17/49 | €124,755 | €47,889 | -€76,866 | -61.6% |
| Amounts payable after more than one year | 17 | €20,425 | €10,605 | -€9,820 | -48.1% |
| Financial debts | 170/4 | €20,425 | €10,605 | -€9,820 | -48.1% |
| Amounts payable within one year | 42/48 | €104,330 | €37,284 | -€67,046 | -64.3% |
| Current portion of amounts payable after more than one year | 42 | €9,542 | €9,820 | +€277 | +2.9% |
| Financial debts | 43 | - | €2,719 | +€2,719 | |
| Credit institutions | 430/8 | - | €2,719 | +€2,719 | |
| Trade debts | 44 | €61,680 | €8,059 | -€53,621 | -86.9% |
| Suppliers | 440/4 | €61,680 | €8,059 | -€53,621 | -86.9% |
| Taxes, remuneration and social security | 45 | €33,108 | €16,686 | -€16,422 | -49.6% |
| Taxes | 450/3 | €17,892 | €16,686 | -€1,206 | -6.7% |
| Remuneration and social security | 454/9 | €15,216 | - | -€15,216 | |
| Turnover | 70 | €1,075,339 | €63,525 | -€1.0m | -94.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,004,992 | €69,057 | -€935,935 | -93.1% |
| Remuneration, social security and pensions | 62 | €103,246 | €6,804 | -€96,442 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €530 | -€333 | -38.6% |
| Other operating charges | 640/8 | €3,030 | €2,193 | -€837 | -27.6% |
| Gross operating margin | 9900 | €134,031 | €2,621 | -€131,410 | -98.0% |
| Operating profit (loss) | 9901 | €26,893 | -€6,905 | -€33,798 | |
| Financial income | 75/76B | €5,524 | €0 | -€5,524 | -100.0% |
| Recurring financial income | 75 | €5,524 | €0 | -€5,524 | -100.0% |
| Financial charges | 65/66B | €1,879 | €1,319 | -€560 | -29.8% |
| Recurring financial charges | 65 | €1,879 | €1,319 | -€560 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €30,538 | -€8,224 | -€38,762 | |
| Income taxes | 67/77 | €7,597 | - | -€7,597 | |
| Profit (loss) for the period | 9904 | €22,941 | -€8,224 | -€31,165 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,941 | -€8,224 | -€31,165 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.