NATURE: 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.
What changed
NATURE
NACE 47.781, Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€279,516
2024 · €178,774+€100,742
Equity
€3.2m
2024 · €2.9m+€279,516
Cash
€2.4m
2024 · €1.4m+€1.0m
Balance sheet total
€3.4m
2024 · €3.1m+€259,244
Largest movements
Assets
- Cash +€1.0m
up €1.0m (+72.7%), from €1.4m to €2.4m
mainly Current investments (+€600,000) and Net result for the year (+€279,516)
- Current investments -€600,000
down €600,000 (-52.3%), from €1.1m to €548,092
- Receivables within one year -€124,339
down €124,339 (-24.7%), from €502,781 to €378,442
of which Other amounts receivable: -€65,515
Equity and liabilities
- Profit (loss) carried forward +€279,516
up €279,516 (+13.7%), from €2.0m to €2.3m
Income statement
- Gross operating margin +€87,838
up €87,838 (+30.3%), from €290,334 to €378,172
- Financial income +€45,092
up €45,092 (+531%), from €8,494 to €53,585
- Taxes +€33,678
up €33,678 (+63.1%), from €53,408 to €87,086
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.
Result 2024
€178,774
Gross operating margin
+€87,838
Staff costs
+€2,455
Depreciation
+€754
Other operating charges
+€194
Other operating items
-€599
Financial income
+€45,092
Financial charges
-€1,312
Taxes
-€33,678
Result 2025
€279,516
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€413,178
Investment
+€593,636
Financing
€0
Cash 2024
€1.4m
From operations (derived)
+€413,178
Net result for the year
+€279,516
Depreciation
+€12,609
Stocks and contracts
-€6,634
Receivables within one year
+€124,339
Deferred charges and accrued income
+€23,620
Trade debts
-€32,670
Tax, wage and social debts
+€5,914
Other debts
+€5,865
Accrued charges and deferred income
+€619
Investment (derived)
+€593,636
Investment in fixed assets (net)
-€6,364
Current investments
+€600,000
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,111,093 | €3,370,337 | +€259,244 | +8.3% |
| Fixed assets | 21/28 | €29,340 | €23,095 | -€6,245 | -21.3% |
| Tangible fixed assets | 22/27 | €27,965 | €21,720 | -€6,245 | -22.3% |
| Land and buildings | 22 | €17,035 | €12,514 | -€4,521 | -26.5% |
| Plant, machinery and equipment | 23 | €5,327 | €9,206 | +€3,878 | +72.8% |
| Furniture and vehicles | 24 | €5,603 | - | -€5,603 | |
| Financial fixed assets | 28 | €1,375 | €1,375 | = | 0.0% |
| Current assets | 29/58 | €3,081,753 | €3,347,242 | +€265,489 | +8.6% |
| Stocks and contracts in progress | 3 | €12,532 | €19,166 | +€6,634 | +52.9% |
| Stocks | 30/36 | €12,532 | €19,166 | +€6,634 | +52.9% |
| Amounts receivable within one year | 40/41 | €502,781 | €378,442 | -€124,339 | -24.7% |
| Trade receivables | 40 | €411,518 | €352,694 | -€58,824 | -14.3% |
| Other amounts receivable | 41 | €91,263 | €25,748 | -€65,515 | -71.8% |
| Current investments | 50/53 | €1,148,092 | €548,092 | -€600,000 | -52.3% |
| Cash at bank and in hand | 54/58 | €1,385,568 | €2,392,382 | +€1.0m | +72.7% |
| Deferred charges and accrued income | 490/1 | €32,780 | €9,160 | -€23,620 | -72.1% |
| Total equity and liabilities | 10/49 | €3,111,093 | €3,370,337 | +€259,244 | +8.3% |
| Equity | 10/15 | €2,874,864 | €3,154,380 | +€279,516 | +9.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €811,684 | €811,684 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,087 | €131,087 | = | 0.0% |
| Distributable reserves | 133 | €680,597 | €680,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,043,180 | €2,322,696 | +€279,516 | +13.7% |
| Amounts payable | 17/49 | €236,229 | €215,958 | -€20,272 | -8.6% |
| Amounts payable within one year | 42/48 | €231,671 | €210,781 | -€20,890 | -9.0% |
| Trade debts | 44 | €190,623 | €157,954 | -€32,670 | -17.1% |
| Suppliers | 440/4 | €190,623 | €157,954 | -€32,670 | -17.1% |
| Taxes, remuneration and social security | 45 | €5,627 | €11,541 | +€5,914 | +105% |
| Taxes | 450/3 | €386 | €6,225 | +€5,839 | +1,512% |
| Remuneration and social security | 454/9 | €5,241 | €5,316 | +€75 | +1.4% |
| Other amounts payable | 47/48 | €35,421 | €41,286 | +€5,865 | +16.6% |
| Accrued charges and deferred income | 492/3 | €4,558 | €5,177 | +€619 | +13.6% |
| Remuneration, social security and pensions | 62 | €46,530 | €44,074 | -€2,455 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,363 | €12,609 | -€754 | -5.6% |
| Other operating charges | 640/8 | €2,819 | €2,626 | -€194 | -6.9% |
| Non-recurring operating charges | 66A | €49 | €648 | +€599 | +1,223% |
| Gross operating margin | 9900 | €290,334 | €378,172 | +€87,838 | +30.3% |
| Operating profit (loss) | 9901 | €227,573 | €318,214 | +€90,641 | +39.8% |
| Financial income | 75/76B | €8,494 | €53,585 | +€45,092 | +531% |
| Recurring financial income | 75 | €8,494 | €53,585 | +€45,092 | +531% |
| Financial charges | 65/66B | €3,886 | €5,198 | +€1,312 | +33.8% |
| Recurring financial charges | 65 | €3,886 | €5,198 | +€1,312 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €232,181 | €366,601 | +€134,420 | +57.9% |
| Income taxes | 67/77 | €53,408 | €87,086 | +€33,678 | +63.1% |
| Profit (loss) for the period | 9904 | €178,774 | €279,516 | +€100,742 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €178,774 | €279,516 | +€100,742 | +56.4% |
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 18 October 2026 via checked.be.