EN PLEIN VENT: 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.
What changed
EN PLEIN VENT
NACE 35.110, Production of electricity from non-renewable sources
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,349
2024 · -€189,801+€186,452
Equity
-€414,332
2024 · -€410,982-€3,349
Cash
€138,331
2024 · €129,420+€8,912
Balance sheet total
€5.8m
2024 · €6.0m-€232,201
Largest movements
Assets
- Tangible fixed assets -€281,203
down €281,203 (-5.2%), from €5.4m to €5.1m
of which Leasing and similar rights: -€208,633
- Financial fixed assets +€172,325
up €172,325 (+95.7%), from €180,044 to €352,370
- Stocks and contracts -€75,617
down €75,617 (-38.8%), from €194,675 to €119,058
- Deferred charges and accrued income -€64,218
down €64,218 (-60.6%), from €105,889 to €41,671
Equity and liabilities
- Debts after one year -€325,077
down €325,077 (-5.3%), from €6.1m to €5.8m
- Short-term financial debts +€100,000
new in 2025: €100,000
Income statement
- Gross operating margin +€235,804
up €235,804 (+76.1%), from €309,698 to €545,503
- Depreciation +€88,428
up €88,428 (+45.9%), from €192,774 to €281,203
- Financial charges -€40,805
down €40,805 (-14.6%), from €279,798 to €238,993
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.
Result 2024
-€189,801
Gross operating margin
+€235,804
Depreciation
-€88,428
Provisions
-€300
Other operating charges
-€2,250
Financial income
+€821
Financial charges
+€40,805
Result 2025
-€3,349
raises the resultlowers the result
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.
From operations
+€398,789
Investment
-€172,325
Financing
-€217,552
Cash 2024
€129,420
From operations (derived)
+€398,789
Net result for the year
-€3,349
Depreciation
+€281,203
Stocks and contracts
+€75,617
Receivables within one year
-€7,599
Deferred charges and accrued income
+€64,218
Provisions
+€12,300
Trade debts
-€23,583
Accrued charges and deferred income
-€17
Investment (derived)
-€172,325
Investment in fixed assets (net)
-€172,325
Financing
-€217,552
Debts after one year
-€325,077
Current portion of long-term debt
+€7,526
Short-term financial debts
+€100,000
Cash 2025
€138,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,028,283 | €5,796,082 | -€232,201 | -3.9% |
| Fixed assets | 21/28 | €5,537,218 | €5,428,341 | -€108,877 | -2.0% |
| Tangible fixed assets | 22/27 | €5,357,174 | €5,075,971 | -€281,203 | -5.2% |
| Land and buildings | 22 | €28,291 | €26,840 | -€1,451 | -5.1% |
| Plant, machinery and equipment | 23 | €1,371,310 | €1,300,191 | -€71,119 | -5.2% |
| Leasing and similar rights | 25 | €3,957,573 | €3,748,940 | -€208,633 | -5.3% |
| Financial fixed assets | 28 | €180,044 | €352,370 | +€172,325 | +95.7% |
| Current assets | 29/58 | €491,065 | €367,741 | -€123,324 | -25.1% |
| Stocks and contracts in progress | 3 | €194,675 | €119,058 | -€75,617 | -38.8% |
| Contracts in progress | 37 | €194,675 | €119,058 | -€75,617 | -38.8% |
| Amounts receivable within one year | 40/41 | €61,081 | €68,680 | +€7,599 | +12.4% |
| Trade receivables | 40 | €57,111 | €66,373 | +€9,262 | +16.2% |
| Other amounts receivable | 41 | €3,970 | €2,307 | -€1,663 | -41.9% |
| Cash at bank and in hand | 54/58 | €129,420 | €138,331 | +€8,912 | +6.9% |
| Deferred charges and accrued income | 490/1 | €105,889 | €41,671 | -€64,218 | -60.6% |
| Total equity and liabilities | 10/49 | €6,028,283 | €5,796,082 | -€232,201 | -3.9% |
| Equity | 10/15 | -€410,982 | -€414,332 | -€3,349 | -0.8% |
| Contributions | 10/11 | €18,991 | €18,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€429,973 | -€433,323 | -€3,349 | -0.8% |
| Provisions and deferred taxes | 16 | €12,000 | €24,300 | +€12,300 | +103% |
| Provisions for liabilities and charges | 160/5 | €12,000 | €24,300 | +€12,300 | +103% |
| Major repairs and maintenance | 162 | €12,000 | €24,300 | +€12,300 | +103% |
| Amounts payable | 17/49 | €6,427,265 | €6,186,114 | -€241,152 | -3.8% |
| Amounts payable after more than one year | 17 | €6,091,170 | €5,766,093 | -€325,077 | -5.3% |
| Financial debts | 170/4 | €6,091,170 | €5,766,093 | -€325,077 | -5.3% |
| Amounts payable within one year | 42/48 | €335,970 | €419,913 | +€83,942 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €217,552 | €225,078 | +€7,526 | +3.5% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €118,418 | €94,835 | -€23,583 | -19.9% |
| Suppliers | 440/4 | €118,418 | €94,835 | -€23,583 | -19.9% |
| Accrued charges and deferred income | 492/3 | €125 | €108 | -€17 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,774 | €281,203 | +€88,428 | +45.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,000 | €12,300 | +€300 | +2.5% |
| Other operating charges | 640/8 | €15,000 | €17,250 | +€2,250 | +15.0% |
| Gross operating margin | 9900 | €309,698 | €545,503 | +€235,804 | +76.1% |
| Operating profit (loss) | 9901 | €89,924 | €234,750 | +€144,826 | +161% |
| Financial income | 75/76B | €73 | €893 | +€821 | +1,132% |
| Recurring financial income | 75 | €73 | €893 | +€821 | +1,132% |
| Financial charges | 65/66B | €279,798 | €238,993 | -€40,805 | -14.6% |
| Recurring financial charges | 65 | €279,798 | €238,993 | -€40,805 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€189,801 | -€3,349 | +€186,452 | +98.2% |
| Profit (loss) for the period | 9904 | -€189,801 | -€3,349 | +€186,452 | +98.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€189,801 | -€3,349 | +€186,452 | +98.2% |
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 31 October 2026 via checked.be.