7C GROENI: 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
7C GROENI
NACE 35.110, Production of electricity from non-renewable sources
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€19,962
2024 · -€187,706+€167,745
Equity
€2.1m
2024 · €2.1m-€28,620
Cash
€400,529
2024 · €1.2m-€785,824
Balance sheet total
€14.1m
2024 · €13.0m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€2.1m
up €2.1m (+18.1%), from €11.4m to €13.5m
of which Plant, machinery and equipment: +€2.3m
- Cash -€785,824
down €785,824 (-66.2%), from €1.2m to €400,529
mainly Investment in fixed assets (net) (-€2.8m) and Trade debts (-€218,217)
Equity and liabilities
- Debts after one year +€1.5m
up €1.5m (+17.7%), from €8.2m to €9.7m
- Trade debts -€218,217
down €218,217 (-21.3%), from €1.0m to €808,215
Income statement
- Turnover +€232,760
up €232,760 (+17.6%), from €1.3m to €1.6m
- Financial charges +€80,882
up €80,882 (+29.9%), from €270,226 to €351,108
- Goods and materials -€77,977
down €77,977 (-99.7%), from €78,250 to €273
- Depreciation +€59,567
up €59,567 (+8.5%), from €696,739 to €756,307
- Other operating income +€42,722
up €42,722 (+170,886%), from €25 to €42,747
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
-€187,706
Turnover
+€232,760
Other operating income
+€42,722
Goods and materials
+€77,977
Services and other goods
-€22,162
Depreciation
-€59,567
Write-downs
-€30,013
Other operating charges
+€8,398
Other operating items
-€2,373
Financial income
+€774
Financial charges
-€80,882
Taxes
+€111
Result 2025
-€19,962
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
+€660,283
Investment
-€2.8m
Financing
+€1.4m
Cash 2024
€1.2m
From operations (derived)
+€660,283
Net result for the year
-€19,962
Depreciation
+€756,307
Receivables within one year
+€112,816
Smaller working-capital items
+€186
Trade debts
-€218,217
Other debts
+€21,636
Accrued charges and deferred income
+€7,517
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€2.8m
Financing
+€1.4m
Debts after one year
+€1.5m
Current portion of long-term debt
-€67,371
Contributions, distributions and other
-€8,658
Cash 2025
€400,529
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,981,292 | €14,148,165 | +€1.2m | +9.0% |
| Fixed assets | 21/28 | €11,425,715 | €13,494,616 | +€2.1m | +18.1% |
| Tangible fixed assets | 22/27 | €11,425,715 | €13,494,616 | +€2.1m | +18.1% |
| Plant, machinery and equipment | 23 | €5,444,848 | €7,788,530 | +€2.3m | +43.0% |
| Leasing and similar rights | 25 | €5,916,077 | €5,541,793 | -€374,284 | -6.3% |
| Other tangible fixed assets | 26 | €2,373 | €0 | -€2,373 | -100% |
| Assets under construction and advance payments | 27 | €62,417 | €164,293 | +€101,876 | +163% |
| Financial fixed assets | 28 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €1,555,577 | €653,549 | -€902,028 | -58.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €226,024 | €113,208 | -€112,816 | -49.9% |
| Trade receivables | 40 | €215,742 | €104,064 | -€111,679 | -51.8% |
| Other amounts receivable | 41 | €10,281 | €9,144 | -€1,137 | -11.1% |
| Cash at bank and in hand | 54/58 | €1,186,353 | €400,529 | -€785,824 | -66.2% |
| Deferred charges and accrued income | 490/1 | €143,201 | €139,812 | -€3,388 | -2.4% |
| Total equity and liabilities | 10/49 | €12,981,292 | €14,148,165 | +€1.2m | +9.0% |
| Equity | 10/15 | €2,124,765 | €2,096,145 | -€28,620 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,962,383 | €1,942,422 | -€19,962 | -1.0% |
| Investment grants | 15 | €154,322 | €145,664 | -€8,658 | -5.6% |
| Provisions and deferred taxes | 16 | €51,440 | €48,554 | -€2,886 | -5.6% |
| Deferred taxes | 168 | €51,440 | €48,554 | -€2,886 | -5.6% |
| Amounts payable | 17/49 | €10,805,086 | €12,003,465 | +€1.2m | +11.1% |
| Amounts payable after more than one year | 17 | €8,229,997 | €9,685,126 | +€1.5m | +17.7% |
| Financial debts | 170/4 | €8,229,997 | €9,685,126 | +€1.5m | +17.7% |
| Subordinated loans | 170 | €4,217,782 | €7,159,997 | +€2.9m | +69.8% |
| Leasing and similar obligations | 172 | €2,735,145 | €2,161,490 | -€573,655 | -21.0% |
| Credit institutions | 173 | €520,979 | €363,639 | -€157,340 | -30.2% |
| Other loans | 174 | €756,091 | €0 | -€756,091 | -100% |
| Amounts payable within one year | 42/48 | €2,548,633 | €2,284,365 | -€264,268 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €892,242 | €824,872 | -€67,371 | -7.6% |
| Trade debts | 44 | €1,026,433 | €808,215 | -€218,217 | -21.3% |
| Suppliers | 440/4 | €1,026,433 | €808,215 | -€218,217 | -21.3% |
| Taxes, remuneration and social security | 45 | €316 | €0 | -€316 | -100% |
| Taxes | 450/3 | €316 | €0 | -€316 | -100% |
| Other amounts payable | 47/48 | €629,642 | €651,278 | +€21,636 | +3.4% |
| Accrued charges and deferred income | 492/3 | €26,457 | €33,974 | +€7,517 | +28.4% |
| Operating income | 70/76A | €1,325,963 | €1,601,445 | +€275,482 | +20.8% |
| Turnover | 70 | €1,325,938 | €1,558,698 | +€232,760 | +17.6% |
| Other operating income | 74 | €25 | €42,747 | +€42,722 | +170,886% |
| Operating charges | 60/66A | €1,255,143 | €1,282,884 | +€27,741 | +2.2% |
| Goods for resale, raw materials and consumables | 60 | €78,250 | €273 | -€77,977 | -99.7% |
| Purchases | 600/8 | €78,250 | €273 | -€77,977 | -99.7% |
| Services and other goods | 61 | €471,401 | €493,563 | +€22,162 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €696,739 | €756,307 | +€59,567 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €30,013 | +€30,013 | |
| Other operating charges | 640/8 | €8,753 | €355 | -€8,398 | -95.9% |
| Non-recurring operating charges | 66A | - | €2,373 | +€2,373 | |
| Operating profit (loss) | 9901 | €70,820 | €318,561 | +€247,741 | +350% |
| Financial income | 75/76B | €8,814 | €9,589 | +€774 | +8.8% |
| Recurring financial income | 75 | €8,814 | €9,589 | +€774 | +8.8% |
| Income from financial fixed assets | 750 | €96 | €0 | -€96 | -100% |
| Other financial income | 752/9 | €8,718 | €9,589 | +€870 | +10.0% |
| Financial charges | 65/66B | €270,226 | €351,108 | +€80,882 | +29.9% |
| Recurring financial charges | 65 | €270,226 | €351,108 | +€80,882 | +29.9% |
| Debt charges | 650 | €266,751 | €347,533 | +€80,782 | +30.3% |
| Other financial charges | 652/9 | €3,475 | €3,575 | +€100 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€190,593 | -€22,959 | +€167,633 | +88.0% |
| Transfer from deferred taxes | 780 | €2,886 | €2,886 | = | 0.0% |
| Income taxes | 67/77 | €0 | -€111 | -€111 | |
| Taxes | 670/3 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | - | €111 | +€111 | |
| Profit (loss) for the period | 9904 | -€187,706 | -€19,962 | +€167,745 | +89.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€187,706 | -€19,962 | +€167,745 | +89.4% |
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 22 October 2026 via checked.be.