ENERBIL: 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.
ENERBIL
Largest movements
- Receivables within one year +€11,891
up €11,891 (+215.2%), from €5,525 to €17,416
of which Trade receivables: +€15,000
- Cash -€4,280
down €4,280 (-89.0%), from €4,810 to €531
mainly Receivables within one year (-€11,891) and Tax, wage and social debts (-€83)
- Financial fixed assets -€499
down €499 (-30.6%), from €1,631 to €1,132
- Profit (loss) carried forward +€4,400
up €4,400 (+1.7%), from -€257,463 to -€253,063
- Trade debts +€2,731
up €2,731 (+349.9%), from €780 to €3,512
- Gross operating margin +€27,901
up €27,901, from -€22,209 to €5,692
- Financial charges -€4,154
down €4,154 (-80.8%), from €5,143 to €989
of which Non-recurring financial charges: -€3,735
- Depreciation -€429
down €429 (-79.3%), from €542 to €112
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 | €12,079 | €19,127 | +€7,048 | +58.4% |
| Fixed assets | 21/28 | €1,743 | €1,132 | -€611 | -35.1% |
| Tangible fixed assets | 22/27 | €112 | €0 | -€112 | -100.0% |
| Furniture and vehicles | 24 | €112 | €0 | -€112 | -100.0% |
| Financial fixed assets | 28 | €1,631 | €1,132 | -€499 | -30.6% |
| Current assets | 29/58 | €10,335 | €17,995 | +€7,659 | +74.1% |
| Amounts receivable within one year | 40/41 | €5,525 | €17,416 | +€11,891 | +215.2% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €5,525 | €2,416 | -€3,109 | -56.3% |
| Cash at bank and in hand | 54/58 | €4,810 | €531 | -€4,280 | -89.0% |
| Deferred charges and accrued income | 490/1 | - | €48 | +€48 | |
| Total equity and liabilities | 10/49 | €12,079 | €19,127 | +€7,048 | +58.4% |
| Equity | 10/15 | -€9,570 | -€5,169 | +€4,400 | +46.0% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,800 | €247,800 | = | 0.0% |
| Issued capital | 100 | €247,800 | €247,800 | = | 0.0% |
| Outside capital | 11 | €94 | €94 | = | 0.0% |
| Share premium | 1100/10 | €94 | €94 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,463 | -€253,063 | +€4,400 | +1.7% |
| Amounts payable | 17/49 | €21,648 | €24,296 | +€2,648 | +12.2% |
| Amounts payable within one year | 42/48 | €21,648 | €24,296 | +€2,648 | +12.2% |
| Trade debts | 44 | €780 | €3,512 | +€2,731 | +349.9% |
| Suppliers | 440/4 | €780 | €3,512 | +€2,731 | +349.9% |
| Taxes, remuneration and social security | 45 | €83 | €0 | -€83 | -100.0% |
| Taxes | 450/3 | €83 | €0 | -€83 | -100.0% |
| Other amounts payable | 47/48 | €20,784 | €20,784 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | +€0 | |
| Non-recurring operating income | 76A | - | €159 | +€159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €112 | -€429 | -79.3% |
| Other operating charges | 640/8 | €487 | €400 | -€88 | -18.0% |
| Gross operating margin | 9900 | -€22,209 | €5,692 | +€27,901 | |
| Operating profit (loss) | 9901 | -€23,237 | €5,180 | +€28,418 | |
| Financial income | 75/76B | €285 | €209 | -€76 | -26.6% |
| Recurring financial income | 75 | €285 | €209 | -€76 | -26.6% |
| Financial charges | 65/66B | €5,143 | €989 | -€4,154 | -80.8% |
| Recurring financial charges | 65 | €909 | €490 | -€419 | -46.1% |
| Non-recurring financial charges | 66B | €4,234 | €499 | -€3,735 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,096 | €4,400 | +€32,496 | |
| Profit (loss) for the period | 9904 | -€28,096 | €4,400 | +€32,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,096 | €4,400 | +€32,496 |
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 29 September 2026 via checked.be.