Energa Brussels: 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.
What changed
Energa Brussels
NACE 35.110, Production of electricity from non-renewable sources
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€195,594
2024 · €382,893-€187,299
Equity
€27.5m
2024 · €27.3m+€195,594
Cash
€424,012
2024 · €45,194+€378,818
Balance sheet total
€32.1m
2024 · €33.5m-€1.4m
Largest movements
Assets
- Receivables after one year -€4.3m
down €4.3m (-90.6%), from €4.8m to €450,807
- Financial fixed assets +€2.7m
up €2.7m (+27.2%), from €10.0m to €12.8m
of which Affiliated companies: +€2.4m
- Receivables within one year -€1.5m
down €1.5m (-71.6%), from €2.1m to €585,025
of which Trade receivables: -€1.6m
- Tangible fixed assets +€1.2m
up €1.2m (+7.4%), from €16.3m to €17.5m
of which Land and buildings: +€1.2m
- Cash +€378,818
up €378,818 (+838%), from €45,194 to €424,012
mainly Receivables after one year (+€4.3m) and Receivables within one year (+€1.5m)
Equity and liabilities
- Advances received -€1.9m
down €1.9m (-84.0%), from €2.2m to €353,273
- Trade debts +€826,124
up €826,124 (+407%), from €203,029 to €1.0m
- Other debts -€485,685
down €485,685 (-17.0%), from €2.9m to €2.4m
- Profit (loss) carried forward +€414,874
up €414,874 (+0.2%), from -€211.3m to -€210.9m
Income statement
- Turnover +€21.0m
up €21.0m (+99.9%), from €21.1m to €42.1m
- Goods and materials +€20.9m
up €20.9m (+102%), from €20.6m to €41.5m
- Depreciation +€530,557
up €530,557 (+1,745%), from €30,402 to €560,959
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.
Result 2024
€382,893
Turnover
+€21.0m
Other operating income
+€15,077
Goods and materials
-€20.9m
Services and other goods
+€84,220
Staff costs
-€74,663
Depreciation
-€530,557
Other operating charges
-€34,815
Other operating items
+€2,402
Financial income
+€204,764
Financial charges
-€10,280
Deferred taxes and other
+€15,043
Result 2025
€195,594
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.9m
Investment
-€4.5m
Financing
-€3,900
Cash 2024
€45,194
From operations (derived)
+€4.9m
Net result for the year
+€195,594
Depreciation
+€560,959
Receivables after one year
+€4.3m
Receivables within one year
+€1.5m
Deferred charges and accrued income
-€123,831
Provisions
-€15,080
Trade debts
+€826,124
Tax, wage and social debts
-€38,590
Advances received
-€1.9m
Other debts
-€485,685
Accrued charges and deferred income
-€19,880
Investment (derived)
-€4.5m
Investment in fixed assets (net)
-€4.5m
Financing
-€3,900
Debts after one year
-€3,900
Cash 2025
€424,012
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,492,209 | €32,099,305 | -€1.4m | -4.2% |
| Fixed assets | 21/28 | €26,360,655 | €30,292,973 | +€3.9m | +14.9% |
| Tangible fixed assets | 22/27 | €16,321,609 | €17,526,262 | +€1.2m | +7.4% |
| Land and buildings | 22 | €16,320,335 | €17,505,218 | +€1.2m | +7.3% |
| Plant, machinery and equipment | 23 | - | €20,758 | +€20,758 | |
| Furniture and vehicles | 24 | €1,274 | €285 | -€988 | -77.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €10,039,046 | €12,766,711 | +€2.7m | +27.2% |
| Affiliated companies | 280/1 | €9,710,774 | €12,113,626 | +€2.4m | +24.7% |
| Participating interests | 280 | €4,457,013 | €4,476,181 | +€19,169 | +0.4% |
| Amounts receivable | 281 | €5,253,761 | €7,637,444 | +€2.4m | +45.4% |
| Other financial fixed assets | 284/8 | €328,273 | €653,085 | +€324,812 | +98.9% |
| Amounts receivable and cash guarantees | 285/8 | €328,273 | €653,085 | +€324,812 | +98.9% |
| Current assets | 29/58 | €7,131,554 | €1,806,333 | -€5.3m | -74.7% |
| Amounts receivable after more than one year | 29 | €4,800,306 | €450,807 | -€4.3m | -90.6% |
| Other amounts receivable | 291 | €4,800,306 | €450,807 | -€4.3m | -90.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,063,396 | €585,025 | -€1.5m | -71.6% |
| Trade receivables | 40 | €2,010,450 | €448,493 | -€1.6m | -77.7% |
| Other amounts receivable | 41 | €52,946 | €136,532 | +€83,585 | +158% |
| Cash at bank and in hand | 54/58 | €45,194 | €424,012 | +€378,818 | +838% |
| Deferred charges and accrued income | 490/1 | €222,659 | €346,490 | +€123,831 | +55.6% |
| Total equity and liabilities | 10/49 | €33,492,209 | €32,099,305 | -€1.4m | -4.2% |
| Equity | 10/15 | €27,268,343 | €27,463,937 | +€195,594 | +0.7% |
| Contributions | 10/11 | €231,957,957 | €231,957,957 | = | 0.0% |
| Capital | 10 | €231,957,957 | €231,957,957 | = | 0.0% |
| Issued capital | 100 | €231,957,957 | €231,957,957 | = | 0.0% |
| Reserves | 13 | €6,584,478 | €6,365,197 | -€219,281 | -3.3% |
| Tax-exempt reserves | 132 | €6,584,478 | €6,365,197 | -€219,281 | -3.3% |
| Profit (loss) carried forward | 14 | -€211,274,091 | -€210,859,216 | +€414,874 | +0.2% |
| Provisions and deferred taxes | 16 | €852,802 | €837,722 | -€15,080 | -1.8% |
| Provisions for liabilities and charges | 160/5 | €400,000 | €400,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €400,000 | €400,000 | = | 0.0% |
| Deferred taxes | 168 | €452,802 | €437,722 | -€15,080 | -3.3% |
| Amounts payable | 17/49 | €5,371,064 | €3,797,646 | -€1.6m | -29.3% |
| Amounts payable after more than one year | 17 | €15,150 | €11,250 | -€3,900 | -25.7% |
| Other amounts payable | 178/9 | €15,150 | €11,250 | -€3,900 | -25.7% |
| Amounts payable within one year | 42/48 | €5,317,329 | €3,767,691 | -€1.5m | -29.1% |
| Trade debts | 44 | €203,029 | €1,029,152 | +€826,124 | +407% |
| Suppliers | 440/4 | €203,029 | €1,029,152 | +€826,124 | +407% |
| Advances received on contracts in progress | 46 | €2,204,760 | €353,273 | -€1.9m | -84.0% |
| Taxes, remuneration and social security | 45 | €49,820 | €11,230 | -€38,590 | -77.5% |
| Taxes | 450/3 | €11,447 | €0 | -€11,447 | -100% |
| Remuneration and social security | 454/9 | €38,373 | €11,230 | -€27,143 | -70.7% |
| Other amounts payable | 47/48 | €2,859,721 | €2,374,036 | -€485,685 | -17.0% |
| Accrued charges and deferred income | 492/3 | €38,585 | €18,705 | -€19,880 | -51.5% |
| Operating income | 70/76A | €21,392,255 | €42,456,360 | +€21.1m | +98.5% |
| Turnover | 70 | €21,076,538 | €42,126,342 | +€21.0m | +99.9% |
| Other operating income | 74 | €314,942 | €330,019 | +€15,077 | +4.8% |
| Non-recurring operating income | 76A | €775 | €0 | -€775 | -100% |
| Operating charges | 60/66A | €21,262,671 | €42,723,602 | +€21.5m | +101% |
| Goods for resale, raw materials and consumables | 60 | €20,576,664 | €41,484,956 | +€20.9m | +102% |
| Purchases | 600/8 | €20,576,664 | €41,484,956 | +€20.9m | +102% |
| Services and other goods | 61 | €414,484 | €330,264 | -€84,220 | -20.3% |
| Remuneration, social security and pensions | 62 | €151,411 | €226,075 | +€74,663 | +49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,402 | €560,959 | +€530,557 | +1,745% |
| Other operating charges | 640/8 | €86,533 | €121,348 | +€34,815 | +40.2% |
| Non-recurring operating charges | 66A | €3,177 | €0 | -€3,177 | -100% |
| Operating profit (loss) | 9901 | €129,584 | -€267,242 | -€396,826 | |
| Financial income | 75/76B | €412,205 | €616,969 | +€204,764 | +49.7% |
| Recurring financial income | 75 | €412,205 | €449,158 | +€36,953 | +9.0% |
| Income from financial fixed assets | 750 | €158,730 | €217,356 | +€58,626 | +36.9% |
| Income from current assets | 751 | €251,039 | €229,965 | -€21,075 | -8.4% |
| Other financial income | 752/9 | €2,435 | €1,837 | -€598 | -24.6% |
| Non-recurring financial income | 76B | - | €167,811 | +€167,811 | |
| Financial charges | 65/66B | €158,932 | €169,212 | +€10,280 | +6.5% |
| Recurring financial charges | 65 | €158,932 | €169,212 | +€10,280 | +6.5% |
| Debt charges | 650 | €94,877 | €164,819 | +€69,942 | +73.7% |
| Other financial charges | 652/9 | €64,055 | €4,393 | -€59,662 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €382,857 | €180,514 | -€202,343 | -52.9% |
| Transfer from deferred taxes | 780 | €36 | €15,080 | +€15,043 | +41,602% |
| Income taxes | 67/77 | €0 | - | = | |
| Taxes | 670/3 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €382,893 | €195,594 | -€187,299 | -48.9% |
| Transfer from tax-exempt reserves | 789 | €526 | €219,281 | +€218,755 | +41,605% |
| Profit (loss) for the period to be appropriated | 9905 | €383,419 | €414,874 | +€31,455 | +8.2% |
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 27 October 2026 via checked.be.