ALL ENERGY SYSTEMS: 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.
ALL ENERGY SYSTEMS
Largest movements
- Cash -€17,070
down €17,070 (-75.9%), from €22,494 to €5,424
mainly Debts after one year (-€26,642) and Receivables within one year (-€6,848)
- Stocks and contracts -€16,849
down €16,849 (-14.8%), from €113,633 to €96,784
- Receivables within one year +€6,848
up €6,848 (+12.9%), from €53,274 to €60,122
of which Trade receivables: +€6,528
- Debts after one year -€26,642
down €26,642 (-40.1%), from €66,514 to €39,872
- Other debts -€5,303
down €5,303 (-4.4%), from €120,618 to €115,316
- Gross operating margin +€24,996
up €24,996 (+59.6%), from €41,955 to €66,951
- Staff costs +€8,522
up €8,522 (+14.6%), from €58,308 to €66,829
- Financial income +€4,956
up €4,956 (+111%), from €4,449 to €9,405
- Financial charges +€981
up €981 (+17.5%), from €5,596 to €6,578
- Other operating charges -€735
down €735 (-64.2%), from €1,144 to €409
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 | €194,445 | €167,423 | -€27,022 | -13.9% |
| Fixed assets | 21/28 | €4,027 | €2,696 | -€1,331 | -33.0% |
| Tangible fixed assets | 22/27 | €4,027 | €2,696 | -€1,331 | -33.0% |
| Plant, machinery and equipment | 23 | €4,027 | €2,696 | -€1,331 | -33.0% |
| Current assets | 29/58 | €190,418 | €164,727 | -€25,692 | -13.5% |
| Stocks and contracts in progress | 3 | €113,633 | €96,784 | -€16,849 | -14.8% |
| Stocks | 30/36 | €113,633 | €96,784 | -€16,849 | -14.8% |
| Amounts receivable within one year | 40/41 | €53,274 | €60,122 | +€6,848 | +12.9% |
| Trade receivables | 40 | €19,274 | €25,802 | +€6,528 | +33.9% |
| Other amounts receivable | 41 | €34,000 | €34,320 | +€320 | +0.9% |
| Cash at bank and in hand | 54/58 | €22,494 | €5,424 | -€17,070 | -75.9% |
| Deferred charges and accrued income | 490/1 | €1,018 | €2,397 | +€1,380 | +136% |
| Total equity and liabilities | 10/49 | €194,445 | €167,423 | -€27,022 | -13.9% |
| Equity | 10/15 | -€37,315 | -€36,106 | +€1,208 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,503 | €7,503 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,643 | €5,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,018 | -€49,810 | +€1,208 | +2.4% |
| Amounts payable | 17/49 | €231,760 | €203,529 | -€28,230 | -12.2% |
| Amounts payable after more than one year | 17 | €66,514 | €39,872 | -€26,642 | -40.1% |
| Financial debts | 170/4 | €66,514 | €39,872 | -€26,642 | -40.1% |
| Amounts payable within one year | 42/48 | €165,246 | €163,658 | -€1,589 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €25,461 | €26,642 | +€1,181 | +4.6% |
| Trade debts | 44 | €10,179 | €11,265 | +€1,086 | +10.7% |
| Suppliers | 440/4 | €10,179 | €11,265 | +€1,086 | +10.7% |
| Taxes, remuneration and social security | 45 | €8,988 | €10,435 | +€1,447 | +16.1% |
| Taxes | 450/3 | €6,424 | €6,386 | -€38 | -0.6% |
| Remuneration and social security | 454/9 | €2,564 | €4,049 | +€1,484 | +57.9% |
| Other amounts payable | 47/48 | €120,618 | €115,316 | -€5,303 | -4.4% |
| Remuneration, social security and pensions | 62 | €58,308 | €66,829 | +€8,522 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,331 | €1,331 | = | 0.0% |
| Other operating charges | 640/8 | €1,144 | €409 | -€735 | -64.2% |
| Gross operating margin | 9900 | €41,955 | €66,951 | +€24,996 | +59.6% |
| Operating profit (loss) | 9901 | -€18,827 | -€1,619 | +€17,208 | +91.4% |
| Financial income | 75/76B | €4,449 | €9,405 | +€4,956 | +111% |
| Recurring financial income | 75 | €4,449 | €9,405 | +€4,956 | +111% |
| Financial charges | 65/66B | €5,596 | €6,578 | +€981 | +17.5% |
| Recurring financial charges | 65 | €5,596 | €6,578 | +€981 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,974 | €1,208 | +€21,183 | |
| Profit (loss) for the period | 9904 | -€19,974 | €1,208 | +€21,183 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,974 | €1,208 | +€21,183 |
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 28 October 2026 via checked.be.