ENERCITY: 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.
ENERCITY
Largest movements
- Cash -€137,781
down €137,781 (-10.4%), from €1.3m to €1.2m
mainly Other debts (-€169,654) and Trade debts (-€9,397)
- Receivables within one year -€22,679
down €22,679 (-19.4%), from €116,998 to €94,319
of which Trade receivables: -€18,478
- Intangible fixed assets -€18,957
down €18,957 (-25.5%), from €74,218 to €55,261
- Other debts -€169,654
no longer reported in 2025 (was €169,654)
- Staff costs +€34,715
up €34,715 (+47.6%), from €72,971 to €107,685
- Financial income -€27,967
down €27,967 (-76.2%), from €36,686 to €8,718
- Taxes -€22,190
down €22,190 (-99.2%), from €22,367 to €176
- Other operating charges -€9,010
down €9,010 (-87.3%), from €10,316 to €1,306
- Depreciation +€2,799
up €2,799 (+7.5%), from €37,079 to €39,878
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.
Derived cash bridge
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 | €1,626,228 | €1,435,505 | -€190,722 | -11.7% |
| Fixed assets | 21/28 | €173,793 | €140,752 | -€33,041 | -19.0% |
| Intangible fixed assets | 21 | €74,218 | €55,261 | -€18,957 | -25.5% |
| Tangible fixed assets | 22/27 | €65,206 | €51,121 | -€14,084 | -21.6% |
| Land and buildings | 22 | €37,964 | €36,500 | -€1,464 | -3.9% |
| Plant, machinery and equipment | 23 | €26,089 | €9,799 | -€16,290 | -62.4% |
| Furniture and vehicles | 24 | €1,153 | €4,823 | +€3,670 | +318% |
| Financial fixed assets | 28 | €34,370 | €34,370 | = | 0.0% |
| Current assets | 29/58 | €1,452,435 | €1,294,754 | -€157,681 | -10.9% |
| Amounts receivable within one year | 40/41 | €116,998 | €94,319 | -€22,679 | -19.4% |
| Trade receivables | 40 | €86,657 | €68,179 | -€18,478 | -21.3% |
| Other amounts receivable | 41 | €30,340 | €26,140 | -€4,201 | -13.8% |
| Cash at bank and in hand | 54/58 | €1,330,694 | €1,192,913 | -€137,781 | -10.4% |
| Deferred charges and accrued income | 490/1 | €4,743 | €7,521 | +€2,778 | +58.6% |
| Total equity and liabilities | 10/49 | €1,626,228 | €1,435,505 | -€190,722 | -11.7% |
| Equity | 10/15 | €1,409,095 | €1,403,590 | -€5,505 | -0.4% |
| Contributions | 10/11 | €307,800 | €307,800 | = | 0.0% |
| Reserves | 13 | €472,215 | €472,215 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €462,215 | €462,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | €629,080 | €623,575 | -€5,505 | -0.9% |
| Amounts payable | 17/49 | €217,132 | €31,915 | -€185,217 | -85.3% |
| Amounts payable within one year | 42/48 | €217,132 | €31,867 | -€185,266 | -85.3% |
| Trade debts | 44 | €22,920 | €13,522 | -€9,397 | -41.0% |
| Suppliers | 440/4 | €22,920 | €13,522 | -€9,397 | -41.0% |
| Taxes, remuneration and social security | 45 | €24,559 | €18,344 | -€6,214 | -25.3% |
| Taxes | 450/3 | €16,209 | €6,178 | -€10,031 | -61.9% |
| Remuneration and social security | 454/9 | €8,350 | €12,167 | +€3,816 | +45.7% |
| Other amounts payable | 47/48 | €169,654 | - | -€169,654 | |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Remuneration, social security and pensions | 62 | €72,971 | €107,685 | +€34,715 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,079 | €39,878 | +€2,799 | +7.5% |
| Other operating charges | 640/8 | €10,316 | €1,306 | -€9,010 | -87.3% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €135,162 | €135,465 | +€303 | +0.2% |
| Operating profit (loss) | 9901 | €14,796 | -€13,409 | -€28,204 | |
| Financial income | 75/76B | €36,686 | €8,718 | -€27,967 | -76.2% |
| Recurring financial income | 75 | €36,686 | €8,718 | -€27,967 | -76.2% |
| Financial charges | 65/66B | €474 | €638 | +€164 | +34.7% |
| Recurring financial charges | 65 | €474 | €638 | +€164 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €51,007 | -€5,329 | -€56,336 | |
| Income taxes | 67/77 | €22,367 | €176 | -€22,190 | -99.2% |
| Profit (loss) for the period | 9904 | €28,641 | -€5,505 | -€34,146 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,641 | -€5,505 | -€34,146 |
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 31 October 2026 via checked.be.