A+ Energie: 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.
A+ Energie
Largest movements
- Receivables within one year -€60,659
down €60,659 (-21.2%), from €286,517 to €225,858
of which Trade receivables: -€68,181
- Tangible fixed assets -€42,065
down €42,065 (-21.2%), from €198,802 to €156,737
of which Furniture and vehicles: -€24,441
- Cash -€17,349
down €17,349 (-15.8%), from €109,605 to €92,256
mainly Contributions, distributions and other (-€100,000) and Trade debts (-€57,264)
- Trade debts -€57,264
down €57,264 (-96.4%), from €59,398 to €2,135
- Tax, wage and social debts -€37,824
down €37,824 (-51.7%), from €73,167 to €35,343
- Profit (loss) carried forward -€12,405
down €12,405 (-11.3%), from €110,071 to €97,666
- Debts after one year -€8,705
no longer reported in 2025 (was €8,705)
- Gross operating margin -€61,594
down €61,594 (-32.4%), from €190,253 to €128,658
- Taxes -€34,447
down €34,447 (-95.3%), from €36,159 to €1,712
- Financial charges +€6,328
up €6,328 (+606%), from €1,044 to €7,372
of which Non-recurring financial charges: +€4,143
- Financial income +€5,775
up €5,775 (+425%), from €1,359 to €7,134
- Depreciation -€5,270
down €5,270 (-12.4%), from €42,562 to €37,292
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 | €596,353 | €477,099 | -€119,254 | -20.0% |
| Fixed assets | 21/28 | €198,802 | €156,737 | -€42,065 | -21.2% |
| Tangible fixed assets | 22/27 | €198,802 | €156,737 | -€42,065 | -21.2% |
| Land and buildings | 22 | €117,307 | €101,476 | -€15,831 | -13.5% |
| Plant, machinery and equipment | 23 | €3,949 | €2,156 | -€1,793 | -45.4% |
| Furniture and vehicles | 24 | €77,545 | €53,104 | -€24,441 | -31.5% |
| Current assets | 29/58 | €397,552 | €320,363 | -€77,189 | -19.4% |
| Amounts receivable within one year | 40/41 | €286,517 | €225,858 | -€60,659 | -21.2% |
| Trade receivables | 40 | €286,517 | €218,336 | -€68,181 | -23.8% |
| Other amounts receivable | 41 | - | €7,522 | +€7,522 | |
| Cash at bank and in hand | 54/58 | €109,605 | €92,256 | -€17,349 | -15.8% |
| Deferred charges and accrued income | 490/1 | €1,430 | €2,248 | +€819 | +57.3% |
| Total equity and liabilities | 10/49 | €596,353 | €477,099 | -€119,254 | -20.0% |
| Equity | 10/15 | €277,450 | €265,046 | -€12,405 | -4.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €162,380 | €162,380 | = | 0.0% |
| Non-distributable reserves | 130/1 | €162,380 | €162,380 | = | 0.0% |
| Other | 1319 | €162,380 | €162,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,071 | €97,666 | -€12,405 | -11.3% |
| Amounts payable | 17/49 | €318,903 | €212,054 | -€106,849 | -33.5% |
| Amounts payable after more than one year | 17 | €8,705 | - | -€8,705 | |
| Financial debts | 170/4 | €8,705 | - | -€8,705 | |
| Amounts payable within one year | 42/48 | €306,198 | €212,054 | -€94,145 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €9,164 | €8,705 | -€459 | -5.0% |
| Trade debts | 44 | €59,398 | €2,135 | -€57,264 | -96.4% |
| Suppliers | 440/4 | €59,398 | €2,135 | -€57,264 | -96.4% |
| Taxes, remuneration and social security | 45 | €73,167 | €35,343 | -€37,824 | -51.7% |
| Taxes | 450/3 | €73,167 | €35,343 | -€37,824 | -51.7% |
| Other amounts payable | 47/48 | €164,469 | €165,871 | +€1,402 | +0.9% |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,562 | €37,292 | -€5,270 | -12.4% |
| Other operating charges | 640/8 | €1,776 | €1,821 | +€45 | +2.6% |
| Gross operating margin | 9900 | €190,253 | €128,658 | -€61,594 | -32.4% |
| Operating profit (loss) | 9901 | €145,915 | €89,545 | -€56,370 | -38.6% |
| Financial income | 75/76B | €1,359 | €7,134 | +€5,775 | +425% |
| Recurring financial income | 75 | €1,359 | €7,134 | +€5,775 | +425% |
| Financial charges | 65/66B | €1,044 | €7,372 | +€6,328 | +606% |
| Recurring financial charges | 65 | €1,044 | €3,229 | +€2,185 | +209% |
| Non-recurring financial charges | 66B | - | €4,143 | +€4,143 | |
| Profit (loss) for the period before taxes | 9903 | €146,230 | €89,307 | -€56,922 | -38.9% |
| Income taxes | 67/77 | €36,159 | €1,712 | -€34,447 | -95.3% |
| Profit (loss) for the period | 9904 | €110,071 | €87,595 | -€22,475 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €110,071 | €87,595 | -€22,475 | -20.4% |
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 29 October 2026 via checked.be.