D-Energy Solutions: 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.
D-Energy Solutions
Largest movements
- Receivables within one year +€52,215
up €52,215 (+45.1%), from €115,677 to €167,892
of which Trade receivables: +€63,622
- Cash -€39,111
down €39,111 (-98.7%), from €39,632 to €521
mainly Receivables within one year (-€52,215) and Debts after one year (-€38,561)
- Tangible fixed assets -€12,624
down €12,624 (-2.9%), from €430,892 to €418,268
of which Furniture and vehicles: -€7,833
- Debts after one year -€38,561
down €38,561 (-11.5%), from €335,889 to €297,328
of which Financial debts: -€37,429
- Short-term financial debts +€19,696
new in 2024: €19,696
- Tax, wage and social debts +€14,092
up €14,092 (+34.1%), from €41,373 to €55,465
of which Remuneration and social security: +€7,050
- Trade debts -€10,308
down €10,308 (-15.7%), from €65,743 to €55,434
- Reserves +€7,280
up €7,280 (+6.2%), from €117,853 to €125,133
- Gross operating margin -€9,685
down €9,685 (-17.3%), from €55,981 to €46,296
- Depreciation +€2,483
up €2,483 (+12.6%), from €19,721 to €22,204
- Financial charges +€1,051
up €1,051 (+8.8%), from €11,968 to €13,019
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €626,072 | €620,087 | -€5,985 | -1.0% |
| Fixed assets | 21/28 | €431,192 | €418,568 | -€12,624 | -2.9% |
| Tangible fixed assets | 22/27 | €430,892 | €418,268 | -€12,624 | -2.9% |
| Land and buildings | 22 | €380,809 | €378,115 | -€2,694 | -0.7% |
| Plant, machinery and equipment | 23 | €8,763 | €6,665 | -€2,098 | -23.9% |
| Furniture and vehicles | 24 | €41,320 | €33,487 | -€7,833 | -19.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €194,879 | €201,519 | +€6,640 | +3.4% |
| Stocks and contracts in progress | 3 | €35,493 | €30,581 | -€4,912 | -13.8% |
| Stocks | 30/36 | €35,493 | €30,581 | -€4,912 | -13.8% |
| Amounts receivable within one year | 40/41 | €115,677 | €167,892 | +€52,215 | +45.1% |
| Trade receivables | 40 | €104,068 | €167,690 | +€63,622 | +61.1% |
| Other amounts receivable | 41 | €11,609 | €203 | -€11,407 | -98.3% |
| Cash at bank and in hand | 54/58 | €39,632 | €521 | -€39,111 | -98.7% |
| Deferred charges and accrued income | 490/1 | €4,078 | €2,525 | -€1,553 | -38.1% |
| Total equity and liabilities | 10/49 | €626,072 | €620,087 | -€5,985 | -1.0% |
| Equity | 10/15 | €136,453 | €143,733 | +€7,280 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,853 | €125,133 | +€7,280 | +6.2% |
| Distributable reserves | 133 | €117,853 | €125,133 | +€7,280 | +6.2% |
| Amounts payable | 17/49 | €489,618 | €476,354 | -€13,265 | -2.7% |
| Amounts payable after more than one year | 17 | €335,889 | €297,328 | -€38,561 | -11.5% |
| Financial debts | 170/4 | €277,683 | €240,254 | -€37,429 | -13.5% |
| Other amounts payable | 178/9 | €58,206 | €57,074 | -€1,132 | -1.9% |
| Amounts payable within one year | 42/48 | €143,604 | €168,025 | +€24,421 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €36,488 | €37,429 | +€941 | +2.6% |
| Financial debts | 43 | - | €19,696 | +€19,696 | |
| Credit institutions | 430/8 | - | €19,696 | +€19,696 | |
| Trade debts | 44 | €65,743 | €55,434 | -€10,308 | -15.7% |
| Suppliers | 440/4 | €65,743 | €55,434 | -€10,308 | -15.7% |
| Taxes, remuneration and social security | 45 | €41,373 | €55,465 | +€14,092 | +34.1% |
| Taxes | 450/3 | €2,893 | €9,935 | +€7,042 | +243% |
| Remuneration and social security | 454/9 | €38,480 | €45,530 | +€7,050 | +18.3% |
| Accrued charges and deferred income | 492/3 | €10,125 | €11,000 | +€875 | +8.6% |
| Non-recurring operating income | 76A | €0 | €750 | +€750 | |
| Remuneration, social security and pensions | 62 | €643 | €500 | -€143 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,721 | €22,204 | +€2,483 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,625 | €1,498 | -€127 | -7.8% |
| Non-recurring operating charges | 66A | €7,828 | €0 | -€7,828 | -100% |
| Gross operating margin | 9900 | €55,981 | €46,296 | -€9,685 | -17.3% |
| Operating profit (loss) | 9901 | €26,165 | €22,095 | -€4,070 | -15.6% |
| Financial income | 75/76B | €136 | €201 | +€65 | +47.4% |
| Recurring financial income | 75 | €136 | €201 | +€65 | +47.4% |
| Financial charges | 65/66B | €11,968 | €13,019 | +€1,051 | +8.8% |
| Recurring financial charges | 65 | €11,968 | €13,019 | +€1,051 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €14,333 | €9,277 | -€5,056 | -35.3% |
| Income taxes | 67/77 | €1,796 | €1,997 | +€201 | +11.2% |
| Profit (loss) for the period | 9904 | €12,536 | €7,280 | -€5,256 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,536 | €7,280 | -€5,256 | -41.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.