BUILDING ENERGY PROJECTS: 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.
BUILDING ENERGY PROJECTS
Largest movements
- Tangible fixed assets -€412,307
down €412,307 (-30.5%), from €1.4m to €938,593
- Cash -€398,268
down €398,268 (-60.1%), from €662,913 to €264,645
mainly Contributions, distributions and other (-€1.1m) and Other debts (-€796,823)
- Receivables within one year +€74,948
up €74,948 (+39.2%), from €191,048 to €265,995
of which Other amounts receivable: +€70,831
- Other debts -€796,823
down €796,823 (-34.5%), from €2.3m to €1.5m
- Tax, wage and social debts +€59,627
up €59,627 (+235%), from €25,355 to €84,982
- Financial income +€519,922
up €519,922 (+7,282%), from €7,140 to €527,062
- Gross operating margin +€303,704
up €303,704 (+39.6%), from €765,969 to €1.1m
- Taxes +€78,259
up €78,259 (+77.5%), from €100,952 to €179,211
- Depreciation -€18,938
down €18,938 (-5.3%), from €356,276 to €337,338
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 | €2,641,826 | €1,906,222 | -€735,604 | -27.8% |
| Fixed assets | 21/28 | €1,786,825 | €1,374,518 | -€412,307 | -23.1% |
| Tangible fixed assets | 22/27 | €1,350,900 | €938,593 | -€412,307 | -30.5% |
| Plant, machinery and equipment | 23 | €1,350,900 | €938,593 | -€412,307 | -30.5% |
| Financial fixed assets | 28 | €435,925 | €435,925 | = | 0.0% |
| Current assets | 29/58 | €855,001 | €531,703 | -€323,297 | -37.8% |
| Amounts receivable within one year | 40/41 | €191,048 | €265,995 | +€74,948 | +39.2% |
| Trade receivables | 40 | €30,634 | €34,751 | +€4,117 | +13.4% |
| Other amounts receivable | 41 | €160,413 | €231,244 | +€70,831 | +44.2% |
| Cash at bank and in hand | 54/58 | €662,913 | €264,645 | -€398,268 | -60.1% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,064 | +€23 | +2.2% |
| Total equity and liabilities | 10/49 | €2,641,826 | €1,906,222 | -€735,604 | -27.8% |
| Equity | 10/15 | €122,593 | €122,593 | = | 0.0% |
| Contributions | 10/11 | €97,593 | €97,593 | = | 0.0% |
| Capital | 10 | €97,593 | €97,593 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Uncalled capital | 101 | €152,407 | €152,407 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €8,565 | €0 | -€8,565 | -100% |
| Provisions for liabilities and charges | 160/5 | €8,565 | €0 | -€8,565 | -100% |
| Major repairs and maintenance | 162 | €8,565 | €0 | -€8,565 | -100% |
| Amounts payable | 17/49 | €2,510,668 | €1,783,629 | -€727,039 | -29.0% |
| Amounts payable within one year | 42/48 | €2,411,906 | €1,671,064 | -€740,842 | -30.7% |
| Trade debts | 44 | €79,636 | €75,990 | -€3,646 | -4.6% |
| Suppliers | 440/4 | €79,636 | €75,990 | -€3,646 | -4.6% |
| Taxes, remuneration and social security | 45 | €25,355 | €84,982 | +€59,627 | +235% |
| Taxes | 450/3 | €25,355 | €84,982 | +€59,627 | +235% |
| Other amounts payable | 47/48 | €2,306,915 | €1,510,092 | -€796,823 | -34.5% |
| Accrued charges and deferred income | 492/3 | €98,762 | €112,565 | +€13,803 | +14.0% |
| Non-recurring operating income | 76A | - | €231,230 | +€231,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356,276 | €337,338 | -€18,938 | -5.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,022 | -€8,565 | +€456 | +5.1% |
| Other operating charges | 640/8 | €1,108 | €1,186 | +€77 | +7.0% |
| Gross operating margin | 9900 | €765,969 | €1,069,673 | +€303,704 | +39.6% |
| Operating profit (loss) | 9901 | €417,606 | €739,715 | +€322,109 | +77.1% |
| Financial income | 75/76B | €7,140 | €527,062 | +€519,922 | +7,282% |
| Recurring financial income | 75 | €7,140 | €527,062 | +€519,922 | +7,282% |
| Financial charges | 65/66B | €21,504 | €22,712 | +€1,209 | +5.6% |
| Recurring financial charges | 65 | €21,504 | €22,712 | +€1,209 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €403,243 | €1,244,065 | +€840,822 | +209% |
| Income taxes | 67/77 | €100,952 | €179,211 | +€78,259 | +77.5% |
| Profit (loss) for the period | 9904 | €302,291 | €1,064,854 | +€762,563 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €302,291 | €1,064,854 | +€762,563 | +252% |
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 1 November 2026 via checked.be.