AS 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.
AS Energy
Largest movements
- Tangible fixed assets -€6,268
down €6,268 (-94.5%), from €6,632 to €364
of which Furniture and vehicles: -€5,651
- Cash -€2,803
down €2,803 (-24.0%), from €11,669 to €8,866
mainly Net result for the year (-€6,102) and Other debts (-€4,946)
- Receivables within one year +€705
up €705 (+3.3%), from €21,480 to €22,185
of which Trade receivables: +€9,442
- Profit (loss) carried forward -€6,264
down €6,264 (-30.4%), from €20,631 to €14,367
- Other debts -€4,946
down €4,946 (-43.2%), from €11,451 to €6,505
- Trade debts +€4,592
up €4,592 (+220%), from €2,091 to €6,683
- Tax, wage and social debts -€1,748
down €1,748 (-44.4%), from €3,934 to €2,186
of which Taxes: -€3,934
- Staff costs +€37,302
up €37,302 (+1,265%), from €2,948 to €40,250
- Taxes -€5,866
down €5,866 (-100%), from €5,866 to €0
- Gross operating margin +€1,580
up €1,580 (+4.1%), from €38,969 to €40,550
- Depreciation -€614
down €614 (-8.9%), from €6,882 to €6,268
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 | €40,107 | €31,741 | -€8,366 | -20.9% |
| Fixed assets | 21/28 | €6,958 | €690 | -€6,268 | -90.1% |
| Tangible fixed assets | 22/27 | €6,632 | €364 | -€6,268 | -94.5% |
| Plant, machinery and equipment | 23 | €461 | €67 | -€394 | -85.5% |
| Furniture and vehicles | 24 | €5,663 | €12 | -€5,651 | -99.8% |
| Other tangible fixed assets | 26 | €508 | €285 | -€223 | -43.9% |
| Financial fixed assets | 28 | €326 | €326 | = | 0.0% |
| Current assets | 29/58 | €33,149 | €31,051 | -€2,098 | -6.3% |
| Amounts receivable within one year | 40/41 | €21,480 | €22,185 | +€705 | +3.3% |
| Trade receivables | 40 | €8,302 | €17,744 | +€9,442 | +114% |
| Other amounts receivable | 41 | €13,178 | €4,441 | -€8,737 | -66.3% |
| Cash at bank and in hand | 54/58 | €11,669 | €8,866 | -€2,803 | -24.0% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €40,107 | €31,741 | -€8,366 | -20.9% |
| Equity | 10/15 | €22,631 | €16,367 | -€6,264 | -27.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €20,631 | €14,367 | -€6,264 | -30.4% |
| Amounts payable | 17/49 | €17,476 | €15,374 | -€2,102 | -12.0% |
| Amounts payable within one year | 42/48 | €17,476 | €15,374 | -€2,102 | -12.0% |
| Trade debts | 44 | €2,091 | €6,683 | +€4,592 | +220% |
| Suppliers | 440/4 | €2,091 | €6,683 | +€4,592 | +220% |
| Taxes, remuneration and social security | 45 | €3,934 | €2,186 | -€1,748 | -44.4% |
| Taxes | 450/3 | €3,934 | €0 | -€3,934 | -100% |
| Remuneration and social security | 454/9 | - | €2,186 | +€2,186 | |
| Other amounts payable | 47/48 | €11,451 | €6,505 | -€4,946 | -43.2% |
| Remuneration, social security and pensions | 62 | €2,948 | €40,250 | +€37,302 | +1,265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,882 | €6,268 | -€614 | -8.9% |
| Other operating charges | 640/8 | €630 | €530 | -€100 | -15.9% |
| Non-recurring operating charges | 66A | - | -€977 | -€977 | |
| Gross operating margin | 9900 | €38,969 | €40,550 | +€1,580 | +4.1% |
| Operating profit (loss) | 9901 | €28,509 | -€5,521 | -€34,030 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €212 | €581 | +€369 | +174% |
| Recurring financial charges | 65 | €212 | €581 | +€369 | +174% |
| Profit (loss) for the period before taxes | 9903 | €28,297 | -€6,102 | -€34,399 | |
| Income taxes | 67/77 | €5,866 | €0 | -€5,866 | -100% |
| Profit (loss) for the period | 9904 | €22,431 | -€6,102 | -€28,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,431 | -€6,102 | -€28,533 |
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 26 October 2026 via checked.be.