Balta Future 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.
Balta Future Energy
Largest movements
- Tangible fixed assets -€29,988
down €29,988 (-36.2%), from €82,792 to €52,804
of which Leasing and similar rights: -€26,588
- Cash -€26,969
down €26,969 (-93.4%), from €28,890 to €1,921
mainly Advances received (-€73,500) and Trade debts (-€25,151)
- Receivables within one year -€26,907
down €26,907 (-14.5%), from €185,073 to €158,165
of which Other amounts receivable: -€28,868
- Financial fixed assets -€4,246
down €4,246 (-100%), from €4,246 to €0
- Advances received -€73,500
down €73,500 (-100%), from €73,500 to €0
- Accrued charges and deferred income +€68,206
new in 2025: €68,206
- Trade debts -€25,151
down €25,151 (-91.4%), from €27,515 to €2,364
- Debts after one year -€24,512
down €24,512 (-51.9%), from €47,196 to €22,684
- Current portion of long-term debt -€20,378
down €20,378 (-45.4%), from €44,889 to €24,512
- Staff costs -€63,014
down €63,014 (-100%), from €63,014 to €0
- Gross operating margin -€21,012
down €21,012 (-31.6%), from €66,393 to €45,380
- Financial charges -€7,901
down €7,901 (-55.3%), from €14,277 to €6,375
- Depreciation -€4,905
down €4,905 (-14.4%), from €34,129 to €29,224
- Other operating charges +€2,676
up €2,676 (+80.1%), from €3,340 to €6,015
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 | €302,824 | €215,547 | -€87,277 | -28.8% |
| Fixed assets | 21/28 | €88,597 | €53,963 | -€34,634 | -39.1% |
| Intangible fixed assets | 21 | €1,559 | €1,159 | -€400 | -25.7% |
| Tangible fixed assets | 22/27 | €82,792 | €52,804 | -€29,988 | -36.2% |
| Plant, machinery and equipment | 23 | €1,400 | €865 | -€535 | -38.2% |
| Furniture and vehicles | 24 | €4,369 | €1,505 | -€2,864 | -65.6% |
| Leasing and similar rights | 25 | €77,023 | €50,434 | -€26,588 | -34.5% |
| Financial fixed assets | 28 | €4,246 | €0 | -€4,246 | -100% |
| Current assets | 29/58 | €214,227 | €161,584 | -€52,643 | -24.6% |
| Amounts receivable within one year | 40/41 | €185,073 | €158,165 | -€26,907 | -14.5% |
| Trade receivables | 40 | €0 | €1,960 | +€1,960 | |
| Other amounts receivable | 41 | €185,073 | €156,205 | -€28,868 | -15.6% |
| Cash at bank and in hand | 54/58 | €28,890 | €1,921 | -€26,969 | -93.4% |
| Deferred charges and accrued income | 490/1 | €264 | €1,497 | +€1,233 | +467% |
| Total equity and liabilities | 10/49 | €302,824 | €215,547 | -€87,277 | -28.8% |
| Equity | 10/15 | €91,000 | €93,606 | +€2,606 | +2.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,500 | €91,106 | +€2,606 | +2.9% |
| Amounts payable | 17/49 | €211,825 | €121,941 | -€89,883 | -42.4% |
| Amounts payable after more than one year | 17 | €47,196 | €22,684 | -€24,512 | -51.9% |
| Financial debts | 170/4 | €47,196 | €22,684 | -€24,512 | -51.9% |
| Amounts payable within one year | 42/48 | €164,629 | €31,051 | -€133,578 | -81.1% |
| Current portion of amounts payable after more than one year | 42 | €44,889 | €24,512 | -€20,378 | -45.4% |
| Trade debts | 44 | €27,515 | €2,364 | -€25,151 | -91.4% |
| Suppliers | 440/4 | €27,515 | €2,364 | -€25,151 | -91.4% |
| Advances received on contracts in progress | 46 | €73,500 | €0 | -€73,500 | -100% |
| Taxes, remuneration and social security | 45 | €18,724 | €4,175 | -€14,549 | -77.7% |
| Taxes | 450/3 | €13,958 | €4,175 | -€9,783 | -70.1% |
| Remuneration and social security | 454/9 | €4,766 | €0 | -€4,766 | -100% |
| Accrued charges and deferred income | 492/3 | - | €68,206 | +€68,206 | |
| Remuneration, social security and pensions | 62 | €63,014 | €0 | -€63,014 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,129 | €29,224 | -€4,905 | -14.4% |
| Other operating charges | 640/8 | €3,340 | €6,015 | +€2,676 | +80.1% |
| Non-recurring operating charges | 66A | - | €738 | +€738 | |
| Gross operating margin | 9900 | €66,393 | €45,380 | -€21,012 | -31.6% |
| Operating profit (loss) | 9901 | -€34,091 | €9,402 | +€43,492 | |
| Financial income | 75/76B | €110 | €0 | -€110 | -100% |
| Recurring financial income | 75 | €110 | €0 | -€110 | -100% |
| Financial charges | 65/66B | €14,277 | €6,375 | -€7,901 | -55.3% |
| Recurring financial charges | 65 | €14,277 | €6,375 | -€7,901 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€48,257 | €3,027 | +€51,284 | |
| Income taxes | 67/77 | €412 | €421 | +€9 | +2.1% |
| Profit (loss) for the period | 9904 | -€48,669 | €2,606 | +€51,275 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,669 | €2,606 | +€51,275 |
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 30 October 2026 via checked.be.