CENERGUY: 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.
CENERGUY
Largest movements
- Cash +€122,653
up €122,653 (+112.3%), from €109,239 to €231,891
mainly Receivables within one year (+€113,237) and Net result for the year (+€70,409)
- Receivables within one year -€113,237
down €113,237 (-88.7%), from €127,716 to €14,479
of which Trade receivables: -€121,605
- Tangible fixed assets +€8,918
up €8,918 (+50.2%), from €17,774 to €26,692
of which Furniture and vehicles: +€9,412
- Deferred charges and accrued income +€7,728
up €7,728 (+1719.3%), from €450 to €8,178
- Reserves +€61,944
up €61,944 (+37.7%), from €164,423 to €226,367
- Trade debts -€26,762
down €26,762 (-69.2%), from €38,685 to €11,922
- Tax, wage and social debts -€17,347
down €17,347 (-52.2%), from €33,205 to €15,859
- Other debts +€8,236
up €8,236 (+3608.8%), from €228 to €8,464
- Gross operating margin -€47,015
down €47,015 (-32.4%), from €145,245 to €98,230
- Taxes -€11,937
down €11,937 (-35.7%), from €33,438 to €21,500
- Depreciation +€1,876
up €1,876 (+49.9%), from €3,760 to €5,637
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 | €255,178 | €281,240 | +€26,062 | +10.2% |
| Fixed assets | 21/28 | €17,774 | €26,692 | +€8,918 | +50.2% |
| Tangible fixed assets | 22/27 | €17,774 | €26,692 | +€8,918 | +50.2% |
| Plant, machinery and equipment | 23 | €147 | €2 | -€146 | -98.9% |
| Furniture and vehicles | 24 | €81 | €9,493 | +€9,412 | +11650.3% |
| Other tangible fixed assets | 26 | €17,546 | €17,198 | -€348 | -2.0% |
| Current assets | 29/58 | €237,404 | €254,548 | +€17,144 | +7.2% |
| Amounts receivable within one year | 40/41 | €127,716 | €14,479 | -€113,237 | -88.7% |
| Trade receivables | 40 | €125,343 | €3,738 | -€121,605 | -97.0% |
| Other amounts receivable | 41 | €2,373 | €10,741 | +€8,368 | +352.6% |
| Cash at bank and in hand | 54/58 | €109,239 | €231,891 | +€122,653 | +112.3% |
| Deferred charges and accrued income | 490/1 | €450 | €8,178 | +€7,728 | +1719.3% |
| Total equity and liabilities | 10/49 | €255,178 | €281,240 | +€26,062 | +10.2% |
| Equity | 10/15 | €183,023 | €244,967 | +€61,944 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,423 | €226,367 | +€61,944 | +37.7% |
| Distributable reserves | 133 | €164,423 | €226,367 | +€61,944 | +37.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,155 | €36,273 | -€35,882 | -49.7% |
| Amounts payable within one year | 42/48 | €72,118 | €36,245 | -€35,873 | -49.7% |
| Trade debts | 44 | €38,685 | €11,922 | -€26,762 | -69.2% |
| Suppliers | 440/4 | €38,685 | €11,922 | -€26,762 | -69.2% |
| Taxes, remuneration and social security | 45 | €33,205 | €15,859 | -€17,347 | -52.2% |
| Taxes | 450/3 | €33,205 | €15,859 | -€17,347 | -52.2% |
| Other amounts payable | 47/48 | €228 | €8,464 | +€8,236 | +3608.8% |
| Accrued charges and deferred income | 492/3 | €37 | €28 | -€10 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,760 | €5,637 | +€1,876 | +49.9% |
| Other operating charges | 640/8 | €1,348 | €1,018 | -€330 | -24.5% |
| Gross operating margin | 9900 | €145,245 | €98,230 | -€47,015 | -32.4% |
| Operating profit (loss) | 9901 | €140,136 | €91,575 | -€48,561 | -34.7% |
| Financial income | 75/76B | €153 | €349 | +€196 | +127.8% |
| Recurring financial income | 75 | €153 | €349 | +€196 | +127.8% |
| Financial charges | 65/66B | €151 | €15 | -€135 | -89.8% |
| Recurring financial charges | 65 | €151 | €15 | -€135 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €140,139 | €91,909 | -€48,230 | -34.4% |
| Income taxes | 67/77 | €33,438 | €21,500 | -€11,937 | -35.7% |
| Profit (loss) for the period | 9904 | €106,701 | €70,409 | -€36,293 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,701 | €70,409 | -€36,293 | -34.0% |
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 10 October 2026 via checked.be.