ENERGEIA: 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.
ENERGEIA
Largest movements
- Receivables within one year +€41,136
up €41,136 (+298%), from €13,793 to €54,929
of which Trade receivables: +€35,333
- Cash +€28,214
up €28,214 (+82.2%), from €34,335 to €62,549
mainly Trade debts (+€52,860) and Accrued charges and deferred income (+€28,106)
- Stocks and contracts +€7,677
up €7,677 (+58.3%), from €13,159 to €20,836
- Tangible fixed assets -€3,757
down €3,757 (-17.6%), from €21,352 to €17,595
of which Furniture and vehicles: -€7,995
- Trade debts +€52,860
up €52,860 (+1,451%), from €3,642 to €56,502
- Accrued charges and deferred income +€28,106
up €28,106 (+162%), from €17,321 to €45,427
- Reserves -€13,000
down €13,000 (-43.3%), from €30,000 to €17,000
- Other debts +€3,760
up €3,760 (+16.2%), from €23,229 to €26,989
- Short-term financial debts +€2,031
new in 2025: €2,031
- Gross operating margin -€57,261
down €57,261, from €56,300 to -€961
- Taxes -€7,785
no longer reported in 2025 (was €7,785)
- Staff costs -€4,017
down €4,017 (-66.7%), from €6,020 to €2,003
- Depreciation -€1,524
down €1,524 (-12.0%), from €12,726 to €11,202
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 | €85,375 | €158,873 | +€73,498 | +86.1% |
| Fixed assets | 21/28 | €23,397 | €19,079 | -€4,318 | -18.5% |
| Intangible fixed assets | 21 | €1,681 | €1,121 | -€560 | -33.3% |
| Tangible fixed assets | 22/27 | €21,352 | €17,595 | -€3,757 | -17.6% |
| Plant, machinery and equipment | 23 | €2,487 | €6,725 | +€4,237 | +170% |
| Furniture and vehicles | 24 | €18,865 | €10,870 | -€7,995 | -42.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €61,978 | €139,794 | +€77,816 | +126% |
| Stocks and contracts in progress | 3 | €13,159 | €20,836 | +€7,677 | +58.3% |
| Stocks | 30/36 | €13,159 | €20,836 | +€7,677 | +58.3% |
| Amounts receivable within one year | 40/41 | €13,793 | €54,929 | +€41,136 | +298% |
| Trade receivables | 40 | €9,894 | €45,227 | +€35,333 | +357% |
| Other amounts receivable | 41 | €3,899 | €9,702 | +€5,803 | +149% |
| Cash at bank and in hand | 54/58 | €34,335 | €62,549 | +€28,214 | +82.2% |
| Deferred charges and accrued income | 490/1 | €691 | €1,480 | +€789 | +114% |
| Total equity and liabilities | 10/49 | €85,375 | €158,873 | +€73,498 | +86.1% |
| Equity | 10/15 | €33,404 | €20,144 | -€13,260 | -39.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €17,000 | -€13,000 | -43.3% |
| Distributable reserves | 133 | €30,000 | €17,000 | -€13,000 | -43.3% |
| Profit (loss) carried forward | 14 | €404 | €144 | -€260 | -64.3% |
| Amounts payable | 17/49 | €51,971 | €138,728 | +€86,758 | +167% |
| Amounts payable within one year | 42/48 | €34,650 | €93,301 | +€58,651 | +169% |
| Financial debts | 43 | - | €2,031 | +€2,031 | |
| Credit institutions | 430/8 | - | €2,031 | +€2,031 | |
| Trade debts | 44 | €3,642 | €56,502 | +€52,860 | +1,451% |
| Suppliers | 440/4 | €3,642 | €56,502 | +€52,860 | +1,451% |
| Taxes, remuneration and social security | 45 | €7,778 | €7,778 | = | 0.0% |
| Taxes | 450/3 | €7,778 | €7,778 | = | 0.0% |
| Other amounts payable | 47/48 | €23,229 | €26,989 | +€3,760 | +16.2% |
| Accrued charges and deferred income | 492/3 | €17,321 | €45,427 | +€28,106 | +162% |
| Remuneration, social security and pensions | 62 | €6,020 | €2,003 | -€4,017 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,726 | €11,202 | -€1,524 | -12.0% |
| Other operating charges | 640/8 | €657 | €828 | +€171 | +26.0% |
| Gross operating margin | 9900 | €56,300 | -€961 | -€57,261 | |
| Operating profit (loss) | 9901 | €36,896 | -€14,994 | -€51,891 | |
| Financial income | 75/76B | €1,324 | €1,866 | +€543 | +41.0% |
| Recurring financial income | 75 | €1,324 | €1,866 | +€543 | +41.0% |
| Financial charges | 65/66B | €31 | €132 | +€101 | +324% |
| Recurring financial charges | 65 | €31 | €132 | +€101 | +324% |
| Profit (loss) for the period before taxes | 9903 | €38,189 | -€13,260 | -€51,449 | |
| Income taxes | 67/77 | €7,785 | - | -€7,785 | |
| Profit (loss) for the period | 9904 | €30,404 | -€13,260 | -€43,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,404 | -€13,260 | -€43,664 |
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 29 October 2026 via checked.be.