ENERCÉ: 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.
ENERCÉ
Largest movements
- Cash +€27,022
up €27,022 (+210.6%), from €12,834 to €39,856
mainly Net result for the year (+€19,935) and Tax, wage and social debts (+€4,751)
- Receivables within one year -€3,482
down €3,482 (-64.3%), from €5,418 to €1,936
- Tangible fixed assets -€2,104
down €2,104 (-44.1%), from €4,769 to €2,665
- Profit (loss) carried forward +€19,935
up €19,935, from -€4,481 to €15,454
- Tax, wage and social debts +€4,751
up €4,751 (+75.9%), from €6,261 to €11,012
of which Taxes: +€6,564
- Debts after one year -€2,953
down €2,953 (-27.5%), from €10,732 to €7,779
- Gross operating margin +€24,526
up €24,526 (+620.0%), from €3,956 to €28,481
- Taxes +€5,083
up €5,083 (+2929.9%), from €174 to €5,257
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 | €23,511 | €45,112 | +€21,601 | +91.9% |
| Fixed assets | 21/28 | €4,769 | €2,665 | -€2,104 | -44.1% |
| Tangible fixed assets | 22/27 | €4,769 | €2,665 | -€2,104 | -44.1% |
| Plant, machinery and equipment | 23 | €4,769 | €2,665 | -€2,104 | -44.1% |
| Current assets | 29/58 | €18,743 | €42,447 | +€23,705 | +126.5% |
| Amounts receivable within one year | 40/41 | €5,418 | €1,936 | -€3,482 | -64.3% |
| Trade receivables | 40 | €5,418 | €1,936 | -€3,482 | -64.3% |
| Cash at bank and in hand | 54/58 | €12,834 | €39,856 | +€27,022 | +210.6% |
| Deferred charges and accrued income | 490/1 | €491 | €656 | +€164 | +33.5% |
| Total equity and liabilities | 10/49 | €23,511 | €45,112 | +€21,601 | +91.9% |
| Equity | 10/15 | -€1,981 | €17,954 | +€19,935 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,481 | €15,454 | +€19,935 | |
| Amounts payable | 17/49 | €25,493 | €27,158 | +€1,665 | +6.5% |
| Amounts payable after more than one year | 17 | €10,732 | €7,779 | -€2,953 | -27.5% |
| Financial debts | 170/4 | €10,732 | €7,779 | -€2,953 | -27.5% |
| Amounts payable within one year | 42/48 | €14,761 | €19,379 | +€4,618 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €2,866 | €2,953 | +€87 | +3.0% |
| Trade debts | 44 | €4,262 | €4,043 | -€219 | -5.1% |
| Suppliers | 440/4 | €4,262 | €4,043 | -€219 | -5.1% |
| Taxes, remuneration and social security | 45 | €6,261 | €11,012 | +€4,751 | +75.9% |
| Taxes | 450/3 | €4,448 | €11,012 | +€6,564 | +147.6% |
| Remuneration and social security | 454/9 | €1,813 | - | -€1,813 | |
| Other amounts payable | 47/48 | €1,371 | €1,371 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €58 | +€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,874 | €2,104 | +€230 | +12.3% |
| Other operating charges | 640/8 | €425 | €643 | +€219 | +51.5% |
| Gross operating margin | 9900 | €3,956 | €28,481 | +€24,526 | +620.0% |
| Operating profit (loss) | 9901 | €1,657 | €25,675 | +€24,018 | +1449.2% |
| Financial income | 75/76B | €3 | €29 | +€26 | +1058.4% |
| Recurring financial income | 75 | €3 | €29 | +€26 | +1058.4% |
| Financial charges | 65/66B | €332 | €512 | +€180 | +54.2% |
| Recurring financial charges | 65 | €332 | €512 | +€180 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €1,328 | €25,192 | +€23,864 | +1797.2% |
| Income taxes | 67/77 | €174 | €5,257 | +€5,083 | +2929.9% |
| Profit (loss) for the period | 9904 | €1,154 | €19,935 | +€18,781 | +1626.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,154 | €19,935 | +€18,781 | +1626.9% |
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 1 October 2026 via checked.be.