ELSENERGIA: 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.
ELSENERGIA
Largest movements
- Stocks and contracts +€12,826
up €12,826 (+102%), from €12,582 to €25,408
- Receivables within one year -€10,590
down €10,590 (-34.4%), from €30,762 to €20,172
of which Other amounts receivable: -€15,769
- Tangible fixed assets -€4,678
down €4,678 (-19.5%), from €23,986 to €19,309
of which Furniture and vehicles: -€4,678
- Cash -€2,232
down €2,232 (-12.7%), from €17,606 to €15,374
mainly Stocks and contracts (-€12,826) and Debts after one year (-€4,182)
- Debts after one year -€4,182
down €4,182 (-25.7%), from €16,260 to €12,077
- Trade debts -€2,590
down €2,590 (-56.7%), from €4,570 to €1,980
- Profit (loss) carried forward +€1,743
up €1,743 (+10.1%), from -€17,296 to -€15,553
- Depreciation +€4,383
up €4,383 (+1,487%), from €295 to €4,678
- Gross operating margin +€4,235
up €4,235 (+135%), from €3,146 to €7,381
- Financial income -€529
down €529 (-38.9%), from €1,360 to €830
- Financial charges +€512
up €512 (+138%), from €372 to €884
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 | €88,966 | €84,292 | -€4,674 | -5.3% |
| Fixed assets | 21/28 | €23,986 | €19,309 | -€4,678 | -19.5% |
| Tangible fixed assets | 22/27 | €23,986 | €19,309 | -€4,678 | -19.5% |
| Plant, machinery and equipment | 23 | €893 | €893 | = | 0.0% |
| Furniture and vehicles | 24 | €23,094 | €18,416 | -€4,678 | -20.3% |
| Current assets | 29/58 | €64,979 | €64,983 | +€4 | 0.0% |
| Stocks and contracts in progress | 3 | €12,582 | €25,408 | +€12,826 | +102% |
| Stocks | 30/36 | €12,582 | €25,408 | +€12,826 | +102% |
| Amounts receivable within one year | 40/41 | €30,762 | €20,172 | -€10,590 | -34.4% |
| Trade receivables | 40 | €478 | €5,657 | +€5,179 | +1,084% |
| Other amounts receivable | 41 | €30,284 | €14,516 | -€15,769 | -52.1% |
| Cash at bank and in hand | 54/58 | €17,606 | €15,374 | -€2,232 | -12.7% |
| Deferred charges and accrued income | 490/1 | €4,029 | €4,029 | = | 0.0% |
| Total equity and liabilities | 10/49 | €88,966 | €84,292 | -€4,674 | -5.3% |
| Equity | 10/15 | €64,104 | €65,847 | +€1,743 | +2.7% |
| Contributions | 10/11 | €74,000 | €74,000 | = | 0.0% |
| Reserves | 13 | €7,400 | €7,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,400 | €7,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,400 | €7,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,296 | -€15,553 | +€1,743 | +10.1% |
| Amounts payable | 17/49 | €24,861 | €18,445 | -€6,417 | -25.8% |
| Amounts payable after more than one year | 17 | €16,260 | €12,077 | -€4,182 | -25.7% |
| Financial debts | 170/4 | €16,260 | €12,077 | -€4,182 | -25.7% |
| Amounts payable within one year | 42/48 | €8,602 | €6,368 | -€2,234 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €3,740 | €4,182 | +€442 | +11.8% |
| Trade debts | 44 | €4,570 | €1,980 | -€2,590 | -56.7% |
| Suppliers | 440/4 | €4,570 | €1,980 | -€2,590 | -56.7% |
| Taxes, remuneration and social security | 45 | €291 | €205 | -€86 | -29.5% |
| Taxes | 450/3 | €291 | €205 | -€86 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €4,678 | +€4,383 | +1,487% |
| Other operating charges | 640/8 | €941 | €907 | -€35 | -3.7% |
| Gross operating margin | 9900 | €3,146 | €7,381 | +€4,235 | +135% |
| Operating profit (loss) | 9901 | €1,910 | €1,796 | -€113 | -5.9% |
| Financial income | 75/76B | €1,360 | €830 | -€529 | -38.9% |
| Recurring financial income | 75 | €1,360 | €830 | -€529 | -38.9% |
| Financial charges | 65/66B | €372 | €884 | +€512 | +138% |
| Recurring financial charges | 65 | €372 | €884 | +€512 | +138% |
| Profit (loss) for the period before taxes | 9903 | €2,898 | €1,743 | -€1,155 | -39.9% |
| Profit (loss) for the period | 9904 | €2,898 | €1,743 | -€1,155 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,898 | €1,743 | -€1,155 | -39.9% |
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 27 October 2026 via checked.be.