ENERGCOM: 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
ENERGCOM
NACE 35.110, Production of electricity from non-renewable sources
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€760,893
2024 · -€619,242-€141,652
Equity
-€221,667
2024 · €539,226-€760,893
Cash
€426,521
2024 · €456,217-€29,696
Balance sheet total
€7.3m
2024 · €7.6m-€271,051
Largest movements
Assets
- Tangible fixed assets -€374,888
down €374,888 (-9.3%), from €4.0m to €3.6m
of which Leasing and similar rights: -€257,400
- Receivables within one year +€134,604
up €134,604 (+158.0%), from €85,207 to €219,811
of which Trade receivables: +€128,213
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+120.2%), from €922,058 to €2.0m
- Profit (loss) carried forward -€760,893
down €760,893, from €518,766 to -€242,127
- Debts after one year -€665,586
down €665,586 (-12.3%), from €5.4m to €4.8m
Income statement
- Financial income -€210,000
down €210,000 (-100.0%), from €210,001 to €1
- Gross operating margin +€36,013
up €36,013 (+11.9%), from -€302,922 to -€266,909
- Financial charges -€25,053
down €25,053 (-18.6%), from €134,826 to €109,773
- Depreciation -€8,619
down €8,619 (-2.2%), from €389,011 to €380,393
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
-€619,242
Gross operating margin
+€36,013
Depreciation
+€8,619
Other operating charges
+€609
Other operating items
-€1,349
Financial income
-€210,000
Financial charges
+€25,053
Taxes
-€597
Result 2025
-€760,893
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.
From operations
+€621,292
Investment
-€5,505
Financing
-€645,482
Cash 2024
€456,217
From operations (derived)
+€621,292
Net result for the year
-€760,893
Depreciation
+€380,393
Receivables within one year
-€134,604
Deferred charges and accrued income
+€1,071
Trade debts
+€23,054
Tax, wage and social debts
-€4,326
Other debts
+€1.1m
Accrued charges and deferred income
+€8,387
Investment (derived)
-€5,505
Investment in fixed assets (net)
-€5,505
Financing
-€645,482
Debts after one year
-€665,586
Current portion of long-term debt
+€20,104
Cash 2025
€426,521
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,619,340 | €7,348,289 | -€271,051 | -3.6% |
| Fixed assets | 21/28 | €4,017,541 | €3,642,653 | -€374,888 | -9.3% |
| Tangible fixed assets | 22/27 | €4,017,541 | €3,642,653 | -€374,888 | -9.3% |
| Plant, machinery and equipment | 23 | €250,572 | €181,676 | -€68,896 | -27.5% |
| Furniture and vehicles | 24 | €62,957 | €40,001 | -€22,957 | -36.5% |
| Leasing and similar rights | 25 | €3,346,200 | €3,088,800 | -€257,400 | -7.7% |
| Other tangible fixed assets | 26 | €357,811 | €332,176 | -€25,635 | -7.2% |
| Current assets | 29/58 | €3,601,799 | €3,705,636 | +€103,837 | +2.9% |
| Amounts receivable after more than one year | 29 | €3,000,000 | €3,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €85,207 | €219,811 | +€134,604 | +158.0% |
| Trade receivables | 40 | €84,934 | €213,146 | +€128,213 | +151.0% |
| Other amounts receivable | 41 | €274 | €6,665 | +€6,391 | +2335.7% |
| Cash at bank and in hand | 54/58 | €456,217 | €426,521 | -€29,696 | -6.5% |
| Deferred charges and accrued income | 490/1 | €60,375 | €59,304 | -€1,071 | -1.8% |
| Total equity and liabilities | 10/49 | €7,619,340 | €7,348,289 | -€271,051 | -3.6% |
| Equity | 10/15 | €539,226 | -€221,667 | -€760,893 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €518,766 | -€242,127 | -€760,893 | |
| Amounts payable | 17/49 | €7,080,113 | €7,569,956 | +€489,843 | +6.9% |
| Amounts payable after more than one year | 17 | €5,427,837 | €4,762,251 | -€665,586 | -12.3% |
| Financial debts | 170/4 | €5,427,837 | €4,762,251 | -€665,586 | -12.3% |
| Amounts payable within one year | 42/48 | €1,619,345 | €2,766,387 | +€1.1m | +70.8% |
| Current portion of amounts payable after more than one year | 42 | €675,482 | €695,586 | +€20,104 | +3.0% |
| Trade debts | 44 | €16,790 | €39,844 | +€23,054 | +137.3% |
| Suppliers | 440/4 | €16,790 | €39,844 | +€23,054 | +137.3% |
| Taxes, remuneration and social security | 45 | €5,014 | €687 | -€4,326 | -86.3% |
| Taxes | 450/3 | €5,014 | €687 | -€4,326 | -86.3% |
| Other amounts payable | 47/48 | €922,058 | €2,030,269 | +€1.1m | +120.2% |
| Accrued charges and deferred income | 492/3 | €32,932 | €41,319 | +€8,387 | +25.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €389,011 | €380,393 | -€8,619 | -2.2% |
| Other operating charges | 640/8 | €2,483 | €1,875 | -€609 | -24.5% |
| Non-recurring operating charges | 66A | - | €1,349 | +€1,349 | |
| Gross operating margin | 9900 | -€302,922 | -€266,909 | +€36,013 | +11.9% |
| Operating profit (loss) | 9901 | -€694,416 | -€650,525 | +€43,891 | +6.3% |
| Financial income | 75/76B | €210,001 | €1 | -€210,000 | -100.0% |
| Recurring financial income | 75 | €210,001 | €1 | -€210,000 | -100.0% |
| Financial charges | 65/66B | €134,826 | €109,773 | -€25,053 | -18.6% |
| Recurring financial charges | 65 | €134,826 | €109,773 | -€25,053 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€619,242 | -€760,297 | -€141,055 | -22.8% |
| Income taxes | 67/77 | €0 | €597 | +€597 | |
| Profit (loss) for the period | 9904 | -€619,242 | -€760,893 | -€141,652 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€619,242 | -€760,893 | -€141,652 | -22.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.