ENERGA: 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.
ENERGA
Largest movements
- Receivables within one year -€25,651
down €25,651 (-55.7%), from €46,012 to €20,361
of which Trade receivables: -€45,000
- Cash -€12,525
down €12,525 (-12.3%), from €101,900 to €89,375
mainly Trade debts (-€45,703) and Net result for the year (-€2,453)
- Trade debts -€45,703
down €45,703 (-99.6%), from €45,869 to €166
- Other debts +€8,083
up €8,083 (+7.5%), from €107,958 to €116,041
- Profit (loss) carried forward -€2,453
down €2,453 (-3.3%), from -€75,485 to -€77,938
- Gross operating margin +€752
up €752, from -€658 to €94
- Taxes -€384
down €384 (-40.5%), from €950 to €566
- Other operating charges -€35
down €35 (-2.4%), from €1,445 to €1,410
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 | €151,740 | €111,979 | -€39,761 | -26.2% |
| Fixed assets | 21/28 | €1,714 | €1,202 | -€512 | -29.9% |
| Tangible fixed assets | 22/27 | €1,155 | €643 | -€512 | -44.3% |
| Land and buildings | 22 | €763 | €587 | -€176 | -23.1% |
| Other tangible fixed assets | 26 | €392 | €56 | -€336 | -85.8% |
| Financial fixed assets | 28 | €559 | €559 | = | 0.0% |
| Current assets | 29/58 | €150,026 | €110,778 | -€39,249 | -26.2% |
| Amounts receivable within one year | 40/41 | €46,012 | €20,361 | -€25,651 | -55.7% |
| Trade receivables | 40 | €45,688 | €688 | -€45,000 | -98.5% |
| Other amounts receivable | 41 | €324 | €19,673 | +€19,349 | +5978.2% |
| Cash at bank and in hand | 54/58 | €101,900 | €89,375 | -€12,525 | -12.3% |
| Deferred charges and accrued income | 490/1 | €2,114 | €1,041 | -€1,073 | -50.8% |
| Total equity and liabilities | 10/49 | €151,740 | €111,979 | -€39,761 | -26.2% |
| Equity | 10/15 | -€5,485 | -€7,938 | -€2,453 | -44.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,485 | -€77,938 | -€2,453 | -3.3% |
| Amounts payable | 17/49 | €157,225 | €119,917 | -€37,308 | -23.7% |
| Amounts payable within one year | 42/48 | €157,225 | €119,917 | -€37,308 | -23.7% |
| Trade debts | 44 | €45,869 | €166 | -€45,703 | -99.6% |
| Suppliers | 440/4 | €45,869 | €166 | -€45,703 | -99.6% |
| Taxes, remuneration and social security | 45 | €3,398 | €3,710 | +€313 | +9.2% |
| Taxes | 450/3 | €3,398 | €3,710 | +€313 | +9.2% |
| Other amounts payable | 47/48 | €107,958 | €116,041 | +€8,083 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €512 | = | 0.0% |
| Other operating charges | 640/8 | €1,445 | €1,410 | -€35 | -2.4% |
| Gross operating margin | 9900 | -€658 | €94 | +€752 | |
| Operating profit (loss) | 9901 | -€2,615 | -€1,828 | +€786 | +30.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €54 | €60 | +€6 | +11.1% |
| Recurring financial charges | 65 | €54 | €60 | +€6 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,669 | -€1,888 | +€781 | +29.3% |
| Income taxes | 67/77 | €950 | €566 | -€384 | -40.5% |
| Profit (loss) for the period | 9904 | -€3,619 | -€2,453 | +€1,166 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,619 | -€2,453 | +€1,166 | +32.2% |
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 7 October 2026 via checked.be.