Cactus Power: 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.
Cactus Power
Largest movements
- Receivables within one year -€190,493
down €190,493 (-65.0%), from €292,954 to €102,460
of which Trade receivables: -€191,812
- Tangible fixed assets -€30,444
down €30,444 (-13.8%), from €219,926 to €189,482
of which Plant, machinery and equipment: -€21,865
- Cash +€24,912
up €24,912 (+24.6%), from €101,471 to €126,383
mainly Receivables within one year (+€190,493) and Other debts (+€68,453)
- Trade debts -€224,709
down €224,709 (-72.0%), from €312,035 to €87,326
- Other debts +€68,453
up €68,453 (+152%), from €44,935 to €113,388
- Profit (loss) carried forward -€44,903
down €44,903 (-18.6%), from €240,934 to €196,031
- Gross operating margin -€27,593
down €27,593 (-33.5%), from €82,463 to €54,870
- Taxes -€7,555
down €7,555 (-54.7%), from €13,803 to €6,248
- Other operating charges +€1,008
up €1,008 (+49.4%), from €2,041 to €3,049
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 | €618,030 | €422,006 | -€196,025 | -31.7% |
| Fixed assets | 21/28 | €219,926 | €189,482 | -€30,444 | -13.8% |
| Tangible fixed assets | 22/27 | €219,926 | €189,482 | -€30,444 | -13.8% |
| Land and buildings | 22 | €118,649 | €112,231 | -€6,418 | -5.4% |
| Plant, machinery and equipment | 23 | €98,534 | €76,669 | -€21,865 | -22.2% |
| Furniture and vehicles | 24 | €2,743 | €582 | -€2,161 | -78.8% |
| Current assets | 29/58 | €398,105 | €232,524 | -€165,581 | -41.6% |
| Amounts receivable within one year | 40/41 | €292,954 | €102,460 | -€190,493 | -65.0% |
| Trade receivables | 40 | €195,881 | €4,070 | -€191,812 | -97.9% |
| Other amounts receivable | 41 | €97,073 | €98,391 | +€1,318 | +1.4% |
| Cash at bank and in hand | 54/58 | €101,471 | €126,383 | +€24,912 | +24.6% |
| Deferred charges and accrued income | 490/1 | €3,681 | €3,681 | = | 0.0% |
| Total equity and liabilities | 10/49 | €618,030 | €422,006 | -€196,025 | -31.7% |
| Equity | 10/15 | €248,994 | €204,091 | -€44,903 | -18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,934 | €196,031 | -€44,903 | -18.6% |
| Amounts payable | 17/49 | €369,036 | €217,915 | -€151,121 | -41.0% |
| Amounts payable within one year | 42/48 | €369,036 | €217,915 | -€151,121 | -41.0% |
| Trade debts | 44 | €312,035 | €87,326 | -€224,709 | -72.0% |
| Suppliers | 440/4 | €312,035 | €87,326 | -€224,709 | -72.0% |
| Taxes, remuneration and social security | 45 | €12,066 | €17,201 | +€5,135 | +42.6% |
| Taxes | 450/3 | €12,066 | €17,201 | +€5,135 | +42.6% |
| Other amounts payable | 47/48 | €44,935 | €113,388 | +€68,453 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,173 | €30,444 | -€730 | -2.3% |
| Other operating charges | 640/8 | €2,041 | €3,049 | +€1,008 | +49.4% |
| Gross operating margin | 9900 | €82,463 | €54,870 | -€27,593 | -33.5% |
| Operating profit (loss) | 9901 | €49,249 | €21,378 | -€27,871 | -56.6% |
| Financial income | 75/76B | €53 | €204 | +€152 | +288% |
| Recurring financial income | 75 | €53 | €204 | +€152 | +288% |
| Non-recurring financial income | 76B | €53 | €204 | +€152 | +288% |
| Financial charges | 65/66B | €295 | €238 | -€58 | -19.5% |
| Recurring financial charges | 65 | €295 | €238 | -€58 | -19.5% |
| Non-recurring financial charges | 66B | €295 | €238 | -€58 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €49,007 | €21,344 | -€27,662 | -56.4% |
| Income taxes | 67/77 | €13,803 | €6,248 | -€7,555 | -54.7% |
| Profit (loss) for the period | 9904 | €35,204 | €15,097 | -€20,107 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,204 | €15,097 | -€20,107 | -57.1% |
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 22 October 2026 via checked.be.