ENER'J: 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.
ENER'J
Largest movements
- Receivables within one year +€65,667
up €65,667 (+112%), from €58,828 to €124,496
of which Trade receivables: +€58,370
- Tangible fixed assets -€42,477
down €42,477 (-28.8%), from €147,272 to €104,796
of which Plant, machinery and equipment: -€41,757
- Cash +€33,698
up €33,698 (+38.4%), from €87,687 to €121,385
mainly Depreciation (+€46,072) and Trade debts (+€19,884)
- Trade debts +€19,884
up €19,884 (+3.4%), from €584,741 to €604,625
- Other debts +€19,227
up €19,227 (+127%), from €15,148 to €34,375
- Profit (loss) carried forward +€17,255
up €17,255 (+6.3%), from -€274,745 to -€257,490
- Turnover +€309,317
up €309,317 (+11.6%), from €2.7m to €3.0m
- Gross operating margin +€231,268
up €231,268 (+102%), from €226,403 to €457,671
- Staff costs +€144,086
up €144,086 (+65.5%), from €220,107 to €364,193
- Purchases and services +€73,830
up €73,830 (+3.0%), from €2.5m to €2.6m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,048 | €414,936 | +€52,888 | +14.6% |
| Fixed assets | 21/28 | €171,032 | €124,555 | -€46,477 | -27.2% |
| Intangible fixed assets | 21 | €16,460 | €12,460 | -€4,000 | -24.3% |
| Tangible fixed assets | 22/27 | €147,272 | €104,796 | -€42,477 | -28.8% |
| Land and buildings | 22 | €1,559 | €840 | -€720 | -46.2% |
| Plant, machinery and equipment | 23 | €145,713 | €103,956 | -€41,757 | -28.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €7,300 | €7,300 | = | 0.0% |
| Current assets | 29/58 | €191,016 | €290,381 | +€99,365 | +52.0% |
| Stocks and contracts in progress | 3 | €44,500 | €44,500 | = | 0.0% |
| Stocks | 30/36 | €44,500 | €44,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,828 | €124,496 | +€65,667 | +112% |
| Trade receivables | 40 | €22,451 | €80,821 | +€58,370 | +260% |
| Other amounts receivable | 41 | €36,378 | €43,675 | +€7,297 | +20.1% |
| Cash at bank and in hand | 54/58 | €87,687 | €121,385 | +€33,698 | +38.4% |
| Total equity and liabilities | 10/49 | €362,048 | €414,936 | +€52,888 | +14.6% |
| Equity | 10/15 | -€254,745 | -€237,490 | +€17,255 | +6.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,745 | -€257,490 | +€17,255 | +6.3% |
| Amounts payable | 17/49 | €616,793 | €652,426 | +€35,633 | +5.8% |
| Amounts payable within one year | 42/48 | €616,793 | €652,426 | +€35,633 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €584,741 | €604,625 | +€19,884 | +3.4% |
| Suppliers | 440/4 | €584,741 | €604,625 | +€19,884 | +3.4% |
| Taxes, remuneration and social security | 45 | €16,904 | €13,426 | -€3,478 | -20.6% |
| Taxes | 450/3 | €9,136 | €0 | -€9,136 | -100% |
| Remuneration and social security | 454/9 | €7,768 | €13,426 | +€5,658 | +72.8% |
| Other amounts payable | 47/48 | €15,148 | €34,375 | +€19,227 | +127% |
| Turnover | 70 | €2,669,626 | €2,978,943 | +€309,317 | +11.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,495,252 | €2,569,082 | +€73,830 | +3.0% |
| Remuneration, social security and pensions | 62 | €220,107 | €364,193 | +€144,086 | +65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,359 | €46,072 | +€713 | +1.6% |
| Other operating charges | 640/8 | €105 | €4,996 | +€4,891 | +4,658% |
| Non-recurring operating charges | 66A | €1,262 | €1,555 | +€293 | +23.2% |
| Gross operating margin | 9900 | €226,403 | €457,671 | +€231,268 | +102% |
| Operating profit (loss) | 9901 | -€40,430 | €40,855 | +€81,284 | |
| Financial income | 75/76B | €130 | €235 | +€104 | +80.0% |
| Recurring financial income | 75 | €130 | €235 | +€104 | +80.0% |
| Financial charges | 65/66B | €25,534 | €21,569 | -€3,965 | -15.5% |
| Recurring financial charges | 65 | €25,534 | €21,569 | -€3,965 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€65,833 | €19,520 | +€85,353 | |
| Income taxes | 67/77 | -€17,537 | €2,265 | +€19,802 | |
| Profit (loss) for the period | 9904 | -€48,296 | €17,255 | +€65,551 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,296 | €17,255 | +€65,551 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.