ENER Management: 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.
ENER Management
Largest movements
- Cash -€68,576
down €68,576 (-63.9%), from €107,394 to €38,819
mainly Contributions, distributions and other (-€45,000) and Other debts (-€29,750)
- Receivables within one year +€16,244
up €16,244 (+242.5%), from €6,698 to €22,942
of which Trade receivables: +€14,394
- Other debts -€29,750
down €29,750 (-43.8%), from €68,000 to €38,250
- Tax, wage and social debts -€17,671
down €17,671 (-61.0%), from €28,964 to €11,293
of which Taxes: -€12,848
- Profit (loss) carried forward -€7,251
down €7,251 (-52.8%), from €13,719 to €6,469
- Trade debts +€1,513
up €1,513 (+58.8%), from €2,571 to €4,084
- Gross operating margin +€9,498
up €9,498 (+11.4%), from €83,219 to €92,717
- Staff costs +€2,686
up €2,686 (+7.2%), from €37,512 to €40,199
- Taxes +€1,848
up €1,848 (+16.4%), from €11,302 to €13,150
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 | €116,254 | €63,096 | -€53,159 | -45.7% |
| Fixed assets | 21/28 | €2,016 | €1,187 | -€829 | -41.1% |
| Tangible fixed assets | 22/27 | €2,016 | €1,187 | -€829 | -41.1% |
| Furniture and vehicles | 24 | €2,016 | €1,187 | -€829 | -41.1% |
| Current assets | 29/58 | €114,238 | €61,908 | -€52,330 | -45.8% |
| Amounts receivable within one year | 40/41 | €6,698 | €22,942 | +€16,244 | +242.5% |
| Trade receivables | 40 | - | €14,394 | +€14,394 | |
| Other amounts receivable | 41 | €6,698 | €8,548 | +€1,850 | +27.6% |
| Cash at bank and in hand | 54/58 | €107,394 | €38,819 | -€68,576 | -63.9% |
| Deferred charges and accrued income | 490/1 | €146 | €148 | +€2 | +1.5% |
| Total equity and liabilities | 10/49 | €116,254 | €63,096 | -€53,159 | -45.7% |
| Equity | 10/15 | €16,719 | €9,469 | -€7,251 | -43.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,719 | €6,469 | -€7,251 | -52.8% |
| Amounts payable | 17/49 | €99,535 | €53,627 | -€45,908 | -46.1% |
| Amounts payable within one year | 42/48 | €99,535 | €53,627 | -€45,908 | -46.1% |
| Trade debts | 44 | €2,571 | €4,084 | +€1,513 | +58.8% |
| Suppliers | 440/4 | €2,571 | €4,084 | +€1,513 | +58.8% |
| Taxes, remuneration and social security | 45 | €28,964 | €11,293 | -€17,671 | -61.0% |
| Taxes | 450/3 | €24,141 | €11,293 | -€12,848 | -53.2% |
| Remuneration and social security | 454/9 | €4,823 | - | -€4,823 | |
| Other amounts payable | 47/48 | €68,000 | €38,250 | -€29,750 | -43.8% |
| Remuneration, social security and pensions | 62 | €37,512 | €40,199 | +€2,686 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €829 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €560 | +€172 | +44.5% |
| Gross operating margin | 9900 | €83,219 | €92,717 | +€9,498 | +11.4% |
| Operating profit (loss) | 9901 | €44,490 | €51,130 | +€6,640 | +14.9% |
| Financial charges | 65/66B | €198 | €231 | +€32 | +16.3% |
| Recurring financial charges | 65 | €198 | €231 | +€32 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €44,292 | €50,899 | +€6,607 | +14.9% |
| Income taxes | 67/77 | €11,302 | €13,150 | +€1,848 | +16.4% |
| Profit (loss) for the period | 9904 | €32,990 | €37,749 | +€4,759 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,990 | €37,749 | +€4,759 | +14.4% |
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.