C-NERGY: what changed
Two fiscal 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.
C-NERGY
Largest movements
- Receivables after one year -€50,000
down €50,000 (-19.2%), from €260,000 to €210,000
- Receivables within one year +€19,826
up €19,826 (+15.4%), from €128,757 to €148,583
of which Other amounts receivable: +€19,569
- Tangible fixed assets -€12,562
down €12,562 (-36.1%), from €34,755 to €22,193
- Reserves -€251,464
down €251,464 (-75.0%), from €335,197 to €83,732
- Other debts +€222,403
up €222,403 (+427.6%), from €52,008 to €274,411
- Debts after one year -€8,146
down €8,146 (-37.2%), from €21,891 to €13,746
- Gross operating margin +€34,682
up €34,682 (+437.2%), from €7,934 to €42,616
- Taxes +€9,043
up €9,043 (+3846.5%), from €235 to €9,278
- Financial income -€3,941
down €3,941 (-40.2%), from €9,807 to €5,866
- Depreciation -€1,001
down €1,001 (-6.8%), from €14,651 to €13,650
- Financial charges -€961
down €961 (-34.2%), from €2,807 to €1,846
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.
Cash bridge derived
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 | €437,653 | €397,526 | -€40,128 | -9.2% |
| Fixed assets | 21/28 | €39,823 | €27,261 | -€12,562 | -31.5% |
| Tangible fixed assets | 22/27 | €34,755 | €22,193 | -€12,562 | -36.1% |
| Furniture and vehicles | 24 | €34,755 | €22,193 | -€12,562 | -36.1% |
| Financial fixed assets | 28 | €5,068 | €5,068 | = | 0.0% |
| Current assets | 29/58 | €397,830 | €370,264 | -€27,566 | -6.9% |
| Amounts receivable after more than one year | 29 | €260,000 | €210,000 | -€50,000 | -19.2% |
| Other amounts receivable | 291 | €260,000 | €210,000 | -€50,000 | -19.2% |
| Amounts receivable within one year | 40/41 | €128,757 | €148,583 | +€19,826 | +15.4% |
| Trade receivables | 40 | - | €256 | +€256 | |
| Other amounts receivable | 41 | €128,757 | €148,326 | +€19,569 | +15.2% |
| Current investments | 50/53 | €4,725 | €3,630 | -€1,095 | -23.2% |
| Cash at bank and in hand | 54/58 | €4,348 | €8,051 | +€3,703 | +85.2% |
| Total equity and liabilities | 10/49 | €437,653 | €397,526 | -€40,128 | -9.2% |
| Equity | 10/15 | €341,397 | €89,932 | -€251,464 | -73.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €335,197 | €83,732 | -€251,464 | -75.0% |
| Distributable reserves | 133 | €335,197 | €83,732 | -€251,464 | -75.0% |
| Amounts payable | 17/49 | €96,257 | €307,593 | +€211,337 | +219.6% |
| Amounts payable after more than one year | 17 | €21,891 | €13,746 | -€8,146 | -37.2% |
| Financial debts | 170/4 | €21,891 | €13,746 | -€8,146 | -37.2% |
| Amounts payable within one year | 42/48 | €74,365 | €293,848 | +€219,483 | +295.1% |
| Current portion of amounts payable after more than one year | 42 | €7,755 | €8,146 | +€391 | +5.0% |
| Financial debts | 43 | €450 | €450 | = | 0.0% |
| Credit institutions | 430/8 | €450 | €450 | = | 0.0% |
| Trade debts | 44 | €4,735 | €2,113 | -€2,622 | -55.4% |
| Suppliers | 440/4 | €4,735 | €2,113 | -€2,622 | -55.4% |
| Taxes, remuneration and social security | 45 | €9,417 | €8,728 | -€689 | -7.3% |
| Taxes | 450/3 | €9,417 | €8,728 | -€689 | -7.3% |
| Other amounts payable | 47/48 | €52,008 | €274,411 | +€222,403 | +427.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,651 | €13,650 | -€1,001 | -6.8% |
| Other operating charges | 640/8 | €295 | €761 | +€465 | +157.8% |
| Gross operating margin | 9900 | €7,934 | €42,616 | +€34,682 | +437.2% |
| Operating profit (loss) | 9901 | -€7,012 | €28,205 | +€35,217 | |
| Financial income | 75/76B | €9,807 | €5,866 | -€3,941 | -40.2% |
| Recurring financial income | 75 | €9,807 | €5,866 | -€3,941 | -40.2% |
| Financial charges | 65/66B | €2,807 | €1,846 | -€961 | -34.2% |
| Recurring financial charges | 65 | €2,807 | €1,846 | -€961 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€12 | €32,225 | +€32,237 | |
| Income taxes | 67/77 | €235 | €9,278 | +€9,043 | +3846.5% |
| Profit (loss) for the period | 9904 | -€247 | €22,947 | +€23,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€247 | €22,947 | +€23,194 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.