Add Energy: 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.
Add Energy
Largest movements
- Cash -€47,967
down €47,967 (-52.0%), from €92,193 to €44,226
mainly Contributions, distributions and other (-€79,583) and Other debts (-€9,649)
- Receivables within one year +€6,504
up €6,504 (+56.9%), from €11,437 to €17,941
of which Trade receivables: +€3,687
- Tangible fixed assets +€4,095
up €4,095, from €0 to €4,095
of which Other tangible fixed assets: +€4,095
- Reserves -€26,781
down €26,781 (-100%), from €26,781 to €0
- Other debts -€9,649
down €9,649 (-14.0%), from €69,002 to €59,353
- Gross operating margin +€7,959
up €7,959 (+13.4%), from €59,252 to €67,211
- Depreciation -€1,877
down €1,877 (-88.1%), from €2,130 to €252
- Taxes +€1,619
up €1,619 (+13.8%), from €11,754 to €13,373
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 | €103,630 | €66,261 | -€37,369 | -36.1% |
| Fixed assets | 21/28 | €0 | €4,095 | +€4,095 | |
| Tangible fixed assets | 22/27 | €0 | €4,095 | +€4,095 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | - | €4,095 | +€4,095 | |
| Current assets | 29/58 | €103,630 | €62,167 | -€41,463 | -40.0% |
| Amounts receivable within one year | 40/41 | €11,437 | €17,941 | +€6,504 | +56.9% |
| Trade receivables | 40 | €9,635 | €13,322 | +€3,687 | +38.3% |
| Other amounts receivable | 41 | €1,802 | €4,618 | +€2,816 | +156% |
| Cash at bank and in hand | 54/58 | €92,193 | €44,226 | -€47,967 | -52.0% |
| Total equity and liabilities | 10/49 | €103,630 | €66,261 | -€37,369 | -36.1% |
| Equity | 10/15 | €30,281 | €3,500 | -€26,781 | -88.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €26,781 | €0 | -€26,781 | -100% |
| Distributable reserves | 133 | €26,781 | €0 | -€26,781 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,349 | €62,761 | -€10,588 | -14.4% |
| Amounts payable within one year | 42/48 | €73,349 | €62,761 | -€10,588 | -14.4% |
| Trade debts | 44 | €2,593 | €1,908 | -€685 | -26.4% |
| Suppliers | 440/4 | €2,593 | €1,908 | -€685 | -26.4% |
| Taxes, remuneration and social security | 45 | €1,754 | €1,500 | -€254 | -14.5% |
| Taxes | 450/3 | €1,754 | €1,500 | -€254 | -14.5% |
| Other amounts payable | 47/48 | €69,002 | €59,353 | -€9,649 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,130 | €252 | -€1,877 | -88.1% |
| Other operating charges | 640/8 | €686 | €713 | +€28 | +4.1% |
| Gross operating margin | 9900 | €59,252 | €67,211 | +€7,959 | +13.4% |
| Operating profit (loss) | 9901 | €56,437 | €66,246 | +€9,809 | +17.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +400% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400% |
| Financial charges | 65/66B | €60 | €70 | +€10 | +17.4% |
| Recurring financial charges | 65 | €60 | €70 | +€10 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €56,377 | €66,176 | +€9,798 | +17.4% |
| Income taxes | 67/77 | €11,754 | €13,373 | +€1,619 | +13.8% |
| Profit (loss) for the period | 9904 | €44,623 | €52,802 | +€8,179 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,623 | €52,802 | +€8,179 | +18.3% |
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 31 October 2026 via checked.be.