BS Energies: 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.
BS Energies
Largest movements
- Tangible fixed assets +€242,213
up €242,213 (+782%), from €30,954 to €273,167
of which Land and buildings: +€243,972
- Receivables within one year -€64,425
down €64,425 (-49.3%), from €130,558 to €66,133
of which Trade receivables: -€84,398
- Cash -€10,982
down €10,982 (-32.0%), from €34,310 to €23,328
mainly Investment in fixed assets (net) (-€256,454) and Net result for the year (-€40,050)
- Stocks and contracts +€6,033
up €6,033 (+33.8%), from €17,871 to €23,904
- Debts after one year +€204,281
up €204,281 (+985%), from €20,737 to €225,018
- Profit (loss) carried forward -€40,050
down €40,050 (-32.5%), from €123,180 to €83,130
- Accrued charges and deferred income -€34,840
down €34,840 (-100%), from €34,840 to €0
- Trade debts +€28,005
up €28,005 (+199%), from €14,084 to €42,089
- Current portion of long-term debt +€12,846
up €12,846 (+208%), from €6,189 to €19,035
- Gross operating margin -€106,579
down €106,579 (-63.3%), from €168,358 to €61,779
- Other operating charges +€31,162
up €31,162 (+2,604%), from €1,197 to €32,359
- Staff costs -€20,411
down €20,411 (-30.8%), from €66,358 to €45,947
- Taxes -€19,094
down €19,094 (-97.9%), from €19,495 to €401
- Financial charges +€7,209
up €7,209 (+335%), from €2,154 to €9,363
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 | €220,201 | €389,682 | +€169,481 | +77.0% |
| Fixed assets | 21/28 | €30,954 | €273,167 | +€242,213 | +782% |
| Tangible fixed assets | 22/27 | €30,954 | €273,167 | +€242,213 | +782% |
| Land and buildings | 22 | - | €243,972 | +€243,972 | |
| Plant, machinery and equipment | 23 | €1,994 | €1,768 | -€226 | -11.3% |
| Furniture and vehicles | 24 | €28,960 | €27,427 | -€1,533 | -5.3% |
| Current assets | 29/58 | €189,247 | €116,515 | -€72,731 | -38.4% |
| Stocks and contracts in progress | 3 | €17,871 | €23,904 | +€6,033 | +33.8% |
| Stocks | 30/36 | €17,871 | €23,904 | +€6,033 | +33.8% |
| Amounts receivable within one year | 40/41 | €130,558 | €66,133 | -€64,425 | -49.3% |
| Trade receivables | 40 | €125,144 | €40,745 | -€84,398 | -67.4% |
| Other amounts receivable | 41 | €5,414 | €25,388 | +€19,974 | +369% |
| Cash at bank and in hand | 54/58 | €34,310 | €23,328 | -€10,982 | -32.0% |
| Deferred charges and accrued income | 490/1 | €6,508 | €3,151 | -€3,357 | -51.6% |
| Total equity and liabilities | 10/49 | €220,201 | €389,682 | +€169,481 | +77.0% |
| Equity | 10/15 | €128,180 | €88,130 | -€40,050 | -31.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,180 | €83,130 | -€40,050 | -32.5% |
| Amounts payable | 17/49 | €92,021 | €301,552 | +€209,531 | +228% |
| Amounts payable after more than one year | 17 | €20,737 | €225,018 | +€204,281 | +985% |
| Financial debts | 170/4 | €20,737 | €225,018 | +€204,281 | +985% |
| Amounts payable within one year | 42/48 | €36,444 | €76,534 | +€40,090 | +110% |
| Current portion of amounts payable after more than one year | 42 | €6,189 | €19,035 | +€12,846 | +208% |
| Trade debts | 44 | €14,084 | €42,089 | +€28,005 | +199% |
| Suppliers | 440/4 | €14,084 | €42,089 | +€28,005 | +199% |
| Advances received on contracts in progress | 46 | - | €11,782 | +€11,782 | |
| Taxes, remuneration and social security | 45 | €13,055 | €401 | -€12,654 | -96.9% |
| Taxes | 450/3 | €12,195 | €401 | -€11,794 | -96.7% |
| Remuneration and social security | 454/9 | €861 | €0 | -€861 | -100% |
| Other amounts payable | 47/48 | €3,116 | €3,228 | +€112 | +3.6% |
| Accrued charges and deferred income | 492/3 | €34,840 | €0 | -€34,840 | -100% |
| Remuneration, social security and pensions | 62 | €66,358 | €45,947 | -€20,411 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,158 | €14,241 | +€6,083 | +74.6% |
| Other operating charges | 640/8 | €1,197 | €32,359 | +€31,162 | +2,604% |
| Gross operating margin | 9900 | €168,358 | €61,779 | -€106,579 | -63.3% |
| Operating profit (loss) | 9901 | €92,645 | -€30,768 | -€123,413 | |
| Financial income | 75/76B | €501 | €482 | -€19 | -3.8% |
| Recurring financial income | 75 | €501 | €482 | -€19 | -3.8% |
| Financial charges | 65/66B | €2,154 | €9,363 | +€7,209 | +335% |
| Recurring financial charges | 65 | €2,154 | €9,363 | +€7,209 | +335% |
| Profit (loss) for the period before taxes | 9903 | €90,992 | -€39,649 | -€130,641 | |
| Income taxes | 67/77 | €19,495 | €401 | -€19,094 | -97.9% |
| Profit (loss) for the period | 9904 | €71,498 | -€40,050 | -€111,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,498 | -€40,050 | -€111,547 |
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 20 October 2026 via checked.be.