COMMENERGIA: 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.
COMMENERGIA
Largest movements
- Cash -€115,469
down €115,469 (-45.0%), from €256,834 to €141,365
mainly Investment in fixed assets (net) (-€85,482) and Net result for the year (-€77,968)
- Tangible fixed assets +€76,087
up €76,087 (+53.2%), from €142,994 to €219,081
of which Land and buildings: +€79,303
- Receivables within one year +€13,899
up €13,899 (+61.9%), from €22,465 to €36,364
of which Other amounts receivable: +€9,655
- Profit (loss) carried forward -€77,968
down €77,968, from €134 to -€77,834
- Debts after one year +€53,852
new in 2025: €53,852
- Current portion of long-term debt +€35,458
new in 2025: €35,458
- Reserves -€17,500
down €17,500 (-4.8%), from €365,000 to €347,500
- Tax, wage and social debts -€9,837
down €9,837 (-50.5%), from €19,476 to €9,640
- Other operating charges +€133,836
up €133,836 (+8,208%), from €1,631 to €135,467
- Taxes -€8,494
down €8,494 (-72.5%), from €11,714 to €3,220
- Gross operating margin +€8,275
up €8,275 (+13.3%), from €62,109 to €70,384
- Depreciation +€4,137
up €4,137 (+78.7%), from €5,258 to €9,395
- Financial charges +€1,232
up €1,232 (+143%), from €864 to €2,096
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 | €424,347 | €399,012 | -€25,335 | -6.0% |
| Fixed assets | 21/28 | €142,994 | €219,081 | +€76,087 | +53.2% |
| Tangible fixed assets | 22/27 | €142,994 | €219,081 | +€76,087 | +53.2% |
| Land and buildings | 22 | €129,869 | €209,172 | +€79,303 | +61.1% |
| Furniture and vehicles | 24 | €4,619 | €3,293 | -€1,326 | -28.7% |
| Other tangible fixed assets | 26 | €8,507 | €6,617 | -€1,890 | -22.2% |
| Current assets | 29/58 | €281,353 | €179,931 | -€101,422 | -36.0% |
| Amounts receivable within one year | 40/41 | €22,465 | €36,364 | +€13,899 | +61.9% |
| Trade receivables | 40 | €22,465 | €26,709 | +€4,244 | +18.9% |
| Other amounts receivable | 41 | - | €9,655 | +€9,655 | |
| Cash at bank and in hand | 54/58 | €256,834 | €141,365 | -€115,469 | -45.0% |
| Deferred charges and accrued income | 490/1 | €2,054 | €2,202 | +€147 | +7.2% |
| Total equity and liabilities | 10/49 | €424,347 | €399,012 | -€25,335 | -6.0% |
| Equity | 10/15 | €379,134 | €283,666 | -€95,468 | -25.2% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €365,000 | €347,500 | -€17,500 | -4.8% |
| Distributable reserves | 133 | €365,000 | €347,500 | -€17,500 | -4.8% |
| Profit (loss) carried forward | 14 | €134 | -€77,834 | -€77,968 | |
| Amounts payable | 17/49 | €45,213 | €115,346 | +€70,133 | +155% |
| Amounts payable after more than one year | 17 | - | €53,852 | +€53,852 | |
| Financial debts | 170/4 | - | €53,852 | +€53,852 | |
| Amounts payable within one year | 42/48 | €45,148 | €61,213 | +€16,065 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | - | €35,458 | +€35,458 | |
| Trade debts | 44 | €20,968 | €11,147 | -€9,821 | -46.8% |
| Suppliers | 440/4 | €20,968 | €11,147 | -€9,821 | -46.8% |
| Advances received on contracts in progress | 46 | - | €4,968 | +€4,968 | |
| Taxes, remuneration and social security | 45 | €19,476 | €9,640 | -€9,837 | -50.5% |
| Taxes | 450/3 | €19,476 | €9,640 | -€9,837 | -50.5% |
| Other amounts payable | 47/48 | €4,703 | - | -€4,703 | |
| Accrued charges and deferred income | 492/3 | €66 | €281 | +€216 | +328% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,258 | €9,395 | +€4,137 | +78.7% |
| Other operating charges | 640/8 | €1,631 | €135,467 | +€133,836 | +8,208% |
| Gross operating margin | 9900 | €62,109 | €70,384 | +€8,275 | +13.3% |
| Operating profit (loss) | 9901 | €55,220 | -€74,478 | -€129,698 | |
| Financial income | 75/76B | €2,411 | €1,826 | -€585 | -24.3% |
| Recurring financial income | 75 | €2,411 | €1,826 | -€585 | -24.3% |
| Financial charges | 65/66B | €864 | €2,096 | +€1,232 | +143% |
| Recurring financial charges | 65 | €864 | €2,096 | +€1,232 | +143% |
| Profit (loss) for the period before taxes | 9903 | €56,767 | -€74,748 | -€131,515 | |
| Income taxes | 67/77 | €11,714 | €3,220 | -€8,494 | -72.5% |
| Profit (loss) for the period | 9904 | €45,053 | -€77,968 | -€123,022 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,053 | -€77,968 | -€123,022 |
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 14 October 2026 via checked.be.