DENERGY: 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.
DENERGY
Largest movements
- Receivables within one year -€237,043
down €237,043 (-58.0%), from €408,622 to €171,580
of which Other amounts receivable: -€174,982
- Cash +€93,982
up €93,982 (+82.7%), from €113,673 to €207,655
mainly Receivables within one year (+€237,043) and Trade debts (+€140,185)
- Other debts -€283,314
down €283,314 (-40.1%), from €707,301 to €423,986
- Trade debts +€140,185
up €140,185 (+71.9%), from €195,017 to €335,202
- Gross operating margin -€11,605
down €11,605 (-72.3%), from €16,043 to €4,438
- Financial income -€4,766
down €4,766 (-100.0%), from €4,766 to €0
- Other operating charges -€325
down €325 (-44.9%), from €725 to €400
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 | €522,799 | €379,891 | -€142,908 | -27.3% |
| Current assets | 29/58 | €522,799 | €379,891 | -€142,908 | -27.3% |
| Amounts receivable within one year | 40/41 | €408,622 | €171,580 | -€237,043 | -58.0% |
| Trade receivables | 40 | €223,437 | €161,376 | -€62,060 | -27.8% |
| Other amounts receivable | 41 | €185,185 | €10,203 | -€174,982 | -94.5% |
| Cash at bank and in hand | 54/58 | €113,673 | €207,655 | +€93,982 | +82.7% |
| Deferred charges and accrued income | 490/1 | €504 | €657 | +€153 | +30.3% |
| Total equity and liabilities | 10/49 | €522,799 | €379,891 | -€142,908 | -27.3% |
| Equity | 10/15 | -€379,519 | -€379,297 | +€222 | +0.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€398,519 | -€398,297 | +€222 | +0.1% |
| Amounts payable | 17/49 | €902,317 | €759,188 | -€143,129 | -15.9% |
| Amounts payable within one year | 42/48 | €902,317 | €759,188 | -€143,129 | -15.9% |
| Trade debts | 44 | €195,017 | €335,202 | +€140,185 | +71.9% |
| Suppliers | 440/4 | €195,017 | €335,202 | +€140,185 | +71.9% |
| Other amounts payable | 47/48 | €707,301 | €423,986 | -€283,314 | -40.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €725 | €400 | -€325 | -44.9% |
| Non-recurring operating charges | 66A | - | €3,771 | +€3,771 | |
| Gross operating margin | 9900 | €16,043 | €4,438 | -€11,605 | -72.3% |
| Operating profit (loss) | 9901 | €15,318 | €267 | -€15,052 | -98.3% |
| Financial income | 75/76B | €4,766 | €0 | -€4,766 | -100.0% |
| Recurring financial income | 75 | €4,766 | €0 | -€4,766 | -100.0% |
| Financial charges | 65/66B | €139 | €45 | -€94 | -67.7% |
| Recurring financial charges | 65 | €139 | €45 | -€94 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €19,945 | €222 | -€19,724 | -98.9% |
| Profit (loss) for the period | 9904 | €19,945 | €222 | -€19,724 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,945 | €222 | -€19,724 | -98.9% |
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 4 October 2026 via checked.be.