ENERCETEC: 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.
ENERCETEC
Largest movements
- Cash +€154,306
up €154,306 (+147.7%), from €104,452 to €258,758
mainly Current portion of long-term debt (+€117,356) and Trade debts (+€67,662)
- Receivables within one year -€59,643
down €59,643 (-10.1%), from €592,846 to €533,203
of which Other amounts receivable: -€35,032
- Current portion of long-term debt +€117,356
up €117,356 (+299.8%), from €39,148 to €156,504
- Profit (loss) carried forward -€91,501
down €91,501 (-30.0%), from €304,889 to €213,388
- Trade debts +€67,662
up €67,662 (+37.5%), from €180,272 to €247,934
- Staff costs +€162,556
up €162,556 (+7.6%), from €2.1m to €2.3m
- Gross operating margin +€145,409
up €145,409 (+6.7%), from €2.2m to €2.3m
- Other operating charges +€28,053
up €28,053 (+9681.8%), from €290 to €28,343
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 | €852,537 | €955,313 | +€102,775 | +12.1% |
| Fixed assets | 21/28 | €120,321 | €120,411 | +€90 | +0.1% |
| Intangible fixed assets | 21 | €1,466 | €935 | -€530 | -36.2% |
| Tangible fixed assets | 22/27 | €117,604 | €118,224 | +€621 | +0.5% |
| Land and buildings | 22 | €43,858 | €56,668 | +€12,810 | +29.2% |
| Plant, machinery and equipment | 23 | €51,158 | €36,211 | -€14,947 | -29.2% |
| Furniture and vehicles | 24 | €7,281 | €15,360 | +€8,079 | +111.0% |
| Leasing and similar rights | 25 | €15,307 | €9,985 | -€5,322 | -34.8% |
| Financial fixed assets | 28 | €1,251 | €1,251 | = | 0.0% |
| Current assets | 29/58 | €732,217 | €834,902 | +€102,685 | +14.0% |
| Amounts receivable within one year | 40/41 | €592,846 | €533,203 | -€59,643 | -10.1% |
| Trade receivables | 40 | €400,735 | €376,124 | -€24,611 | -6.1% |
| Other amounts receivable | 41 | €192,111 | €157,079 | -€35,032 | -18.2% |
| Cash at bank and in hand | 54/58 | €104,452 | €258,758 | +€154,306 | +147.7% |
| Deferred charges and accrued income | 490/1 | €34,918 | €42,940 | +€8,022 | +23.0% |
| Total equity and liabilities | 10/49 | €852,537 | €955,313 | +€102,775 | +12.1% |
| Equity | 10/15 | €304,889 | €213,388 | -€91,501 | -30.0% |
| Profit (loss) carried forward | 14 | €304,889 | €213,388 | -€91,501 | -30.0% |
| Amounts payable | 17/49 | €547,648 | €741,925 | +€194,277 | +35.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €547,648 | €741,778 | +€194,130 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €39,148 | €156,504 | +€117,356 | +299.8% |
| Trade debts | 44 | €180,272 | €247,934 | +€67,662 | +37.5% |
| Suppliers | 440/4 | €180,272 | €247,934 | +€67,662 | +37.5% |
| Taxes, remuneration and social security | 45 | €328,103 | €337,274 | +€9,171 | +2.8% |
| Taxes | 450/3 | €36,575 | €46,791 | +€10,217 | +27.9% |
| Remuneration and social security | 454/9 | €291,528 | €290,483 | -€1,046 | -0.4% |
| Other amounts payable | 47/48 | €126 | €66 | -€60 | -47.9% |
| Accrued charges and deferred income | 492/3 | €0 | €147 | +€147 | |
| Non-recurring operating income | 76A | €10,681 | €11,989 | +€1,307 | +12.2% |
| Remuneration, social security and pensions | 62 | €2,135,170 | €2,297,726 | +€162,556 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,525 | €51,808 | +€2,283 | +4.6% |
| Other operating charges | 640/8 | €290 | €28,343 | +€28,053 | +9681.8% |
| Non-recurring operating charges | 66A | €3,345 | €3,000 | -€345 | -10.3% |
| Gross operating margin | 9900 | €2,180,561 | €2,325,970 | +€145,409 | +6.7% |
| Operating profit (loss) | 9901 | -€7,769 | -€54,908 | -€47,138 | -606.7% |
| Financial income | 75/76B | €226 | €935 | +€709 | +313.1% |
| Recurring financial income | 75 | €226 | €935 | +€709 | +313.1% |
| Financial charges | 65/66B | €28,616 | €24,035 | -€4,581 | -16.0% |
| Recurring financial charges | 65 | €28,616 | €24,035 | -€4,581 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,159 | -€78,007 | -€41,849 | -115.7% |
| Income taxes | 67/77 | €19,011 | €13,494 | -€5,516 | -29.0% |
| Profit (loss) for the period | 9904 | -€55,169 | -€91,501 | -€36,332 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,169 | -€91,501 | -€36,332 | -65.9% |
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 9 October 2026 via checked.be.