EN-ERGIE-K: 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.
EN-ERGIE-K
Largest movements
- Cash -€8,038
down €8,038 (-27.5%), from €29,269 to €21,231
mainly Net result for the year (-€9,792) and Receivables within one year (-€1,932)
- Receivables within one year +€1,932
up €1,932 (+265%), from €729 to €2,661
of which Trade receivables: +€2,191
- Tangible fixed assets -€564
down €564 (-20.6%), from €2,732 to €2,168
- Profit (loss) carried forward -€9,792
down €9,792 (-76.4%), from -€12,820 to -€22,612
- Other debts +€2,053
up €2,053 (+7.8%), from €26,417 to €28,471
- Trade debts +€1,144
up €1,144 (+633%), from €181 to €1,325
- Gross operating margin -€5,567
down €5,567 (-202%), from -€2,754 to -€8,321
- Depreciation -€227
down €227 (-20.4%), from €1,112 to €885
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 | €34,238 | €27,643 | -€6,595 | -19.3% |
| Fixed assets | 21/28 | €2,732 | €2,168 | -€564 | -20.6% |
| Tangible fixed assets | 22/27 | €2,732 | €2,168 | -€564 | -20.6% |
| Plant, machinery and equipment | 23 | €2,732 | €2,168 | -€564 | -20.6% |
| Current assets | 29/58 | €31,506 | €25,475 | -€6,031 | -19.1% |
| Amounts receivable within one year | 40/41 | €729 | €2,661 | +€1,932 | +265% |
| Trade receivables | 40 | €0 | €2,191 | +€2,191 | |
| Other amounts receivable | 41 | €729 | €470 | -€259 | -35.5% |
| Cash at bank and in hand | 54/58 | €29,269 | €21,231 | -€8,038 | -27.5% |
| Deferred charges and accrued income | 490/1 | €1,508 | €1,583 | +€75 | +5.0% |
| Total equity and liabilities | 10/49 | €34,238 | €27,643 | -€6,595 | -19.3% |
| Equity | 10/15 | €7,640 | -€2,152 | -€9,792 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,820 | -€22,612 | -€9,792 | -76.4% |
| Amounts payable | 17/49 | €26,598 | €29,795 | +€3,197 | +12.0% |
| Amounts payable within one year | 42/48 | €26,598 | €29,795 | +€3,197 | +12.0% |
| Trade debts | 44 | €181 | €1,325 | +€1,144 | +633% |
| Suppliers | 440/4 | €181 | €1,325 | +€1,144 | +633% |
| Other amounts payable | 47/48 | €26,417 | €28,471 | +€2,053 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €885 | -€227 | -20.4% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€2,754 | -€8,321 | -€5,567 | -202% |
| Operating profit (loss) | 9901 | -€4,372 | -€9,726 | -€5,354 | -122% |
| Financial income | 75/76B | €0 | €0 | +€0 | +380% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +380% |
| Financial charges | 65/66B | €72 | €66 | -€6 | -8.7% |
| Recurring financial charges | 65 | €72 | €66 | -€6 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,444 | -€9,792 | -€5,348 | -120% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,444 | -€9,792 | -€5,348 | -120% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,444 | -€9,792 | -€5,348 | -120% |
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 26 October 2026 via checked.be.