ENERGEN: 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.
ENERGEN
Largest movements
- Receivables within one year -€44,188
down €44,188 (-18.9%), from €233,360 to €189,172
of which Trade receivables: -€59,810
- Cash -€21,847
down €21,847 (-68.0%), from €32,116 to €10,269
mainly Current portion of long-term debt (-€20,330) and Tax, wage and social debts (-€18,490)
- Tangible fixed assets -€18,083
down €18,083 (-12.4%), from €145,859 to €127,776
of which Furniture and vehicles: -€25,469
- Deferred charges and accrued income +€13,741
up €13,741 (+252.4%), from €5,445 to €19,186
- Intangible fixed assets -€6,934
down €6,934 (-32.4%), from €21,381 to €14,447
- Current portion of long-term debt -€20,330
down €20,330 (-31.9%), from €63,727 to €43,396
- Tax, wage and social debts -€18,490
down €18,490 (-30.2%), from €61,206 to €42,716
of which Taxes: -€37,233
- Trade debts -€15,756
down €15,756 (-86.8%), from €18,158 to €2,402
- Debts after one year -€14,878
down €14,878 (-14.3%), from €104,370 to €89,492
- Profit (loss) carried forward -€7,050
down €7,050 (-3.8%), from €184,512 to €177,461
- Staff costs +€68,188
up €68,188 (+77.6%), from €87,894 to €156,082
- Gross operating margin -€38,121
down €38,121 (-15.9%), from €240,500 to €202,379
- Taxes -€26,065
down €26,065 (-79.4%), from €32,818 to €6,754
- Depreciation +€7,921
up €7,921 (+23.2%), from €34,168 to €42,089
- Financial income +€7,315
up €7,315 (+110334.2%), from €7 to €7,322
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 | €438,379 | €361,067 | -€77,311 | -17.6% |
| Fixed assets | 21/28 | €167,458 | €142,441 | -€25,017 | -14.9% |
| Intangible fixed assets | 21 | €21,381 | €14,447 | -€6,934 | -32.4% |
| Tangible fixed assets | 22/27 | €145,859 | €127,776 | -€18,083 | -12.4% |
| Plant, machinery and equipment | 23 | €344 | - | -€344 | |
| Furniture and vehicles | 24 | €64,957 | €39,487 | -€25,469 | -39.2% |
| Other tangible fixed assets | 26 | €80,558 | €88,289 | +€7,731 | +9.6% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €270,920 | €218,626 | -€52,294 | -19.3% |
| Amounts receivable within one year | 40/41 | €233,360 | €189,172 | -€44,188 | -18.9% |
| Trade receivables | 40 | €103,656 | €43,846 | -€59,810 | -57.7% |
| Other amounts receivable | 41 | €129,704 | €145,325 | +€15,622 | +12.0% |
| Cash at bank and in hand | 54/58 | €32,116 | €10,269 | -€21,847 | -68.0% |
| Deferred charges and accrued income | 490/1 | €5,445 | €19,186 | +€13,741 | +252.4% |
| Total equity and liabilities | 10/49 | €438,379 | €361,067 | -€77,311 | -17.6% |
| Equity | 10/15 | €187,012 | €179,961 | -€7,050 | -3.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,512 | €177,461 | -€7,050 | -3.8% |
| Amounts payable | 17/49 | €251,367 | €181,106 | -€70,261 | -28.0% |
| Amounts payable after more than one year | 17 | €104,370 | €89,492 | -€14,878 | -14.3% |
| Financial debts | 170/4 | €104,370 | €89,492 | -€14,878 | -14.3% |
| Amounts payable within one year | 42/48 | €146,996 | €91,614 | -€55,382 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €63,727 | €43,396 | -€20,330 | -31.9% |
| Trade debts | 44 | €18,158 | €2,402 | -€15,756 | -86.8% |
| Suppliers | 440/4 | €18,158 | €2,402 | -€15,756 | -86.8% |
| Taxes, remuneration and social security | 45 | €61,206 | €42,716 | -€18,490 | -30.2% |
| Taxes | 450/3 | €52,099 | €14,866 | -€37,233 | -71.5% |
| Remuneration and social security | 454/9 | €9,107 | €27,850 | +€18,743 | +205.8% |
| Other amounts payable | 47/48 | €3,906 | €3,099 | -€807 | -20.6% |
| Remuneration, social security and pensions | 62 | €87,894 | €156,082 | +€68,188 | +77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,168 | €42,089 | +€7,921 | +23.2% |
| Other operating charges | 640/8 | €2,117 | €3,231 | +€1,115 | +52.7% |
| Gross operating margin | 9900 | €240,500 | €202,379 | -€38,121 | -15.9% |
| Operating profit (loss) | 9901 | €116,322 | €977 | -€115,345 | -99.2% |
| Financial income | 75/76B | €7 | €7,322 | +€7,315 | +110334.2% |
| Recurring financial income | 75 | €7 | €7,322 | +€7,315 | +110334.2% |
| Financial charges | 65/66B | €3,892 | €8,595 | +€4,704 | +120.9% |
| Recurring financial charges | 65 | €3,892 | €8,595 | +€4,704 | +120.9% |
| Profit (loss) for the period before taxes | 9903 | €112,437 | -€297 | -€112,734 | |
| Income taxes | 67/77 | €32,818 | €6,754 | -€26,065 | -79.4% |
| Profit (loss) for the period | 9904 | €79,619 | -€7,050 | -€86,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,619 | -€7,050 | -€86,669 |
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 10 October 2026 via checked.be.