ECONERGY: 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.
ECONERGY
Largest movements
- Cash +€209,642
up €209,642 (+43.1%), from €486,799 to €696,440
mainly Receivables within one year (+€141,197) and Net result for the year (+€105,930)
- Receivables within one year -€141,197
down €141,197 (-28.0%), from €503,478 to €362,281
of which Trade receivables: -€110,603
- Tangible fixed assets +€46,489
up €46,489 (+4.5%), from €1.0m to €1.1m
of which Furniture and vehicles: +€91,478
- Deferred charges and accrued income -€26,052
down €26,052 (-32.5%), from €80,078 to €54,026
- Debts after one year -€106,437
down €106,437 (-14.6%), from €726,969 to €620,531
- Investment grants +€53,862
up €53,862 (+144.6%), from €37,249 to €91,111
- Profit (loss) carried forward +€53,247
up €53,247 (+7.6%), from €704,364 to €757,611
- Reserves +€52,683
up €52,683 (+35.7%), from €147,562 to €200,244
of which Tax-exempt reserves: +€52,683
- Current portion of long-term debt +€32,028
up €32,028 (+42.5%), from €75,444 to €107,472
- Gross operating margin +€77,164
up €77,164 (+6.3%), from €1.2m to €1.3m
- Staff costs -€38,946
down €38,946 (-3.7%), from €1.1m to €1.0m
- Taxes +€26,863
up €26,863 (+157.0%), from €17,115 to €43,978
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 | €2,122,549 | €2,209,322 | +€86,774 | +4.1% |
| Fixed assets | 21/28 | €1,034,682 | €1,079,063 | +€44,381 | +4.3% |
| Intangible fixed assets | 21 | €5,624 | €3,516 | -€2,108 | -37.5% |
| Tangible fixed assets | 22/27 | €1,029,057 | €1,075,547 | +€46,489 | +4.5% |
| Land and buildings | 22 | €978,478 | €931,713 | -€46,765 | -4.8% |
| Plant, machinery and equipment | 23 | €3,174 | €4,951 | +€1,777 | +56.0% |
| Furniture and vehicles | 24 | €47,405 | €138,883 | +€91,478 | +193.0% |
| Current assets | 29/58 | €1,087,867 | €1,130,259 | +€42,393 | +3.9% |
| Stocks and contracts in progress | 3 | €17,513 | €17,513 | = | 0.0% |
| Stocks | 30/36 | €17,513 | €17,513 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €503,478 | €362,281 | -€141,197 | -28.0% |
| Trade receivables | 40 | €456,045 | €345,443 | -€110,603 | -24.3% |
| Other amounts receivable | 41 | €47,432 | €16,838 | -€30,594 | -64.5% |
| Cash at bank and in hand | 54/58 | €486,799 | €696,440 | +€209,642 | +43.1% |
| Deferred charges and accrued income | 490/1 | €80,078 | €54,026 | -€26,052 | -32.5% |
| Total equity and liabilities | 10/49 | €2,122,549 | €2,209,322 | +€86,774 | +4.1% |
| Equity | 10/15 | €895,375 | €1,055,166 | +€159,791 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €147,562 | €200,244 | +€52,683 | +35.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €52,683 | +€52,683 | |
| Distributable reserves | 133 | €145,702 | €145,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €704,364 | €757,611 | +€53,247 | +7.6% |
| Investment grants | 15 | €37,249 | €91,111 | +€53,862 | +144.6% |
| Amounts payable | 17/49 | €1,227,174 | €1,154,156 | -€73,017 | -6.0% |
| Amounts payable after more than one year | 17 | €726,969 | €620,531 | -€106,437 | -14.6% |
| Financial debts | 170/4 | €726,969 | €620,531 | -€106,437 | -14.6% |
| Amounts payable within one year | 42/48 | €494,893 | €533,243 | +€38,350 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €75,444 | €107,472 | +€32,028 | +42.5% |
| Trade debts | 44 | €286,209 | €279,212 | -€6,997 | -2.4% |
| Suppliers | 440/4 | €286,209 | €279,212 | -€6,997 | -2.4% |
| Taxes, remuneration and social security | 45 | €133,241 | €124,730 | -€8,511 | -6.4% |
| Taxes | 450/3 | €32,023 | €19,245 | -€12,778 | -39.9% |
| Remuneration and social security | 454/9 | €101,218 | €105,485 | +€4,267 | +4.2% |
| Other amounts payable | 47/48 | - | €21,830 | +€21,830 | |
| Accrued charges and deferred income | 492/3 | €5,311 | €381 | -€4,930 | -92.8% |
| Remuneration, social security and pensions | 62 | €1,061,270 | €1,022,324 | -€38,946 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,171 | €88,276 | -€4,895 | -5.3% |
| Other operating charges | 640/8 | €25,912 | €18,474 | -€7,438 | -28.7% |
| Gross operating margin | 9900 | €1,216,774 | €1,293,939 | +€77,164 | +6.3% |
| Operating profit (loss) | 9901 | €36,420 | €164,865 | +€128,444 | +352.7% |
| Financial income | 75/76B | €12,425 | €21,780 | +€9,355 | +75.3% |
| Recurring financial income | 75 | €12,425 | €21,780 | +€9,355 | +75.3% |
| Financial charges | 65/66B | €34,730 | €36,737 | +€2,007 | +5.8% |
| Recurring financial charges | 65 | €34,730 | €36,737 | +€2,007 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €14,115 | €149,908 | +€135,793 | +962.0% |
| Income taxes | 67/77 | €17,115 | €43,978 | +€26,863 | +157.0% |
| Profit (loss) for the period | 9904 | -€3,000 | €105,930 | +€108,930 | |
| Transfer from tax-exempt reserves | 789 | €17,702 | - | -€17,702 | |
| Transfer to tax-exempt reserves | 689 | - | €52,683 | +€52,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,702 | €53,247 | +€38,545 | +262.2% |
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 7 October 2026 via checked.be.