ENERES: 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.
ENERES
Largest movements
- Receivables within one year +€20,743
up €20,743 (+19.8%), from €104,740 to €125,483
of which Other amounts receivable: +€62,727
- Cash -€8,086
down €8,086 (-27.5%), from €29,351 to €21,265
mainly Receivables within one year (-€20,743) and Investment in fixed assets (net) (-€3,500)
- Tangible fixed assets -€6,245
down €6,245 (-29.2%), from €21,390 to €15,146
of which Furniture and vehicles: -€6,017
- Financial fixed assets +€3,500
up €3,500 (+175%), from €2,000 to €5,500
- Other debts +€9,222
up €9,222 (+11.4%), from €80,580 to €89,802
- Gross operating margin -€11,832
down €11,832 (-57.3%), from €20,652 to €8,821
- Depreciation -€453
down €453 (-6.8%), from €6,697 to €6,245
- Taxes -€356
down €356 (-27.5%), from €1,296 to €940
- Other operating charges +€221
up €221 (+17.6%), from €1,258 to €1,480
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 | €158,514 | €168,194 | +€9,680 | +6.1% |
| Fixed assets | 21/28 | €23,390 | €20,646 | -€2,745 | -11.7% |
| Tangible fixed assets | 22/27 | €21,390 | €15,146 | -€6,245 | -29.2% |
| Plant, machinery and equipment | 23 | €405 | €177 | -€228 | -56.3% |
| Furniture and vehicles | 24 | €20,986 | €14,969 | -€6,017 | -28.7% |
| Financial fixed assets | 28 | €2,000 | €5,500 | +€3,500 | +175% |
| Current assets | 29/58 | €135,124 | €147,548 | +€12,424 | +9.2% |
| Amounts receivable within one year | 40/41 | €104,740 | €125,483 | +€20,743 | +19.8% |
| Trade receivables | 40 | €88,674 | €46,689 | -€41,985 | -47.3% |
| Other amounts receivable | 41 | €16,066 | €78,794 | +€62,727 | +390% |
| Cash at bank and in hand | 54/58 | €29,351 | €21,265 | -€8,086 | -27.5% |
| Deferred charges and accrued income | 490/1 | €1,033 | €801 | -€232 | -22.5% |
| Total equity and liabilities | 10/49 | €158,514 | €168,194 | +€9,680 | +6.1% |
| Equity | 10/15 | €64,056 | €63,979 | -€76 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €576 | €576 | = | 0.0% |
| Non-distributable reserves | 130/1 | €576 | €576 | = | 0.0% |
| Reserves not available under the articles | 1311 | €576 | €576 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,880 | €44,803 | -€76 | -0.2% |
| Amounts payable | 17/49 | €94,459 | €104,215 | +€9,756 | +10.3% |
| Amounts payable within one year | 42/48 | €94,459 | €104,215 | +€9,756 | +10.3% |
| Trade debts | 44 | €4,545 | €4,084 | -€461 | -10.1% |
| Suppliers | 440/4 | €4,545 | €4,084 | -€461 | -10.1% |
| Taxes, remuneration and social security | 45 | €9,333 | €10,328 | +€995 | +10.7% |
| Taxes | 450/3 | €9,333 | €10,328 | +€995 | +10.7% |
| Other amounts payable | 47/48 | €80,580 | €89,802 | +€9,222 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,697 | €6,245 | -€453 | -6.8% |
| Other operating charges | 640/8 | €1,258 | €1,480 | +€221 | +17.6% |
| Gross operating margin | 9900 | €20,652 | €8,821 | -€11,832 | -57.3% |
| Operating profit (loss) | 9901 | €12,697 | €1,096 | -€11,601 | -91.4% |
| Financial income | 75/76B | €26 | €0 | -€26 | -100% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -100% |
| Financial charges | 65/66B | €363 | €233 | -€130 | -35.8% |
| Recurring financial charges | 65 | €363 | €233 | -€130 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €12,360 | €864 | -€11,496 | -93.0% |
| Income taxes | 67/77 | €1,296 | €940 | -€356 | -27.5% |
| Profit (loss) for the period | 9904 | €11,064 | -€76 | -€11,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,064 | -€76 | -€11,140 |
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 19 October 2026 via checked.be.