ENERGENCIA: what changed
ENERGENCIA
Largest movements
- Tangible fixed assets +€322,202
up €322,202 (+409%), from €78,873 to €401,075
of which Plant, machinery and equipment: +€348,075
- Intangible fixed assets +€177,602
up €177,602 (+90.2%), from €196,886 to €374,488
- Stocks and contracts +€116,737
up €116,737 (+2,992%), from €3,901 to €120,639
- Receivables after one year -€42,490
no longer reported in 2025 (was €42,490)
- Cash +€32,817
up €32,817 (+283%), from €11,580 to €44,397
mainly Debts after one year (+€900,000) and Depreciation (+€84,862)
- Debts after one year +€900,000
up €900,000 (+150%), from €600,000 to €1.5m
- Profit (loss) carried forward -€298,742
down €298,742 (-72.1%), from -€414,564 to -€713,307
- Investment grants -€21,992
down €21,992 (-11.1%), from €198,091 to €176,098
- Trade debts +€17,863
up €17,863 (+36.0%), from €49,580 to €67,442
- Gross operating margin +€206,155
up €206,155 (+53.3%), from -€387,142 to -€180,986
- Depreciation +€64,923
up €64,923 (+326%), from €19,939 to €84,862
- Financial charges +€41,909
up €41,909 (+304%), from €13,807 to €55,716
- Financial income +€16,465
up €16,465 (+252%), from €6,542 to €23,008
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €463,106 | €1,060,234 | +€597,128 | +129% |
| Fixed assets | 21/28 | €275,760 | €785,563 | +€509,804 | +185% |
| Intangible fixed assets | 21 | €196,886 | €374,488 | +€177,602 | +90.2% |
| Tangible fixed assets | 22/27 | €78,873 | €401,075 | +€322,202 | +409% |
| Plant, machinery and equipment | 23 | - | €348,075 | +€348,075 | |
| Assets under construction and advance payments | 27 | €78,873 | €53,000 | -€25,873 | -32.8% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €187,346 | €274,671 | +€87,324 | +46.6% |
| Amounts receivable after more than one year | 29 | €42,490 | - | -€42,490 | |
| Other amounts receivable | 291 | €42,490 | - | -€42,490 | |
| Stocks and contracts in progress | 3 | €3,901 | €120,639 | +€116,737 | +2,992% |
| Stocks | 30/36 | €3,901 | €120,639 | +€116,737 | +2,992% |
| Amounts receivable within one year | 40/41 | €124,899 | €103,974 | -€20,925 | -16.8% |
| Trade receivables | 40 | €14,396 | €22,112 | +€7,716 | +53.6% |
| Other amounts receivable | 41 | €110,503 | €81,862 | -€28,641 | -25.9% |
| Cash at bank and in hand | 54/58 | €11,580 | €44,397 | +€32,817 | +283% |
| Deferred charges and accrued income | 490/1 | €4,477 | €5,661 | +€1,185 | +26.5% |
| Total equity and liabilities | 10/49 | €463,106 | €1,060,234 | +€597,128 | +129% |
| Equity | 10/15 | -€186,474 | -€507,209 | -€320,735 | -172% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€414,564 | -€713,307 | -€298,742 | -72.1% |
| Investment grants | 15 | €198,091 | €176,098 | -€21,992 | -11.1% |
| Amounts payable | 17/49 | €649,580 | €1,567,442 | +€917,863 | +141% |
| Amounts payable after more than one year | 17 | €600,000 | €1,500,000 | +€900,000 | +150% |
| Financial debts | 170/4 | €600,000 | €1,500,000 | +€900,000 | +150% |
| Amounts payable within one year | 42/48 | €49,580 | €67,442 | +€17,863 | +36.0% |
| Trade debts | 44 | €49,580 | €67,442 | +€17,863 | +36.0% |
| Suppliers | 440/4 | €49,580 | €67,442 | +€17,863 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,939 | €84,862 | +€64,923 | +326% |
| Other operating charges | 640/8 | €219 | €186 | -€33 | -15.2% |
| Gross operating margin | 9900 | -€387,142 | -€180,986 | +€206,155 | +53.3% |
| Operating profit (loss) | 9901 | -€407,299 | -€266,034 | +€141,265 | +34.7% |
| Financial income | 75/76B | €6,542 | €23,008 | +€16,465 | +252% |
| Recurring financial income | 75 | €6,542 | €23,008 | +€16,465 | +252% |
| Financial charges | 65/66B | €13,807 | €55,716 | +€41,909 | +304% |
| Recurring financial charges | 65 | €13,807 | €55,716 | +€41,909 | +304% |
| Profit (loss) for the period before taxes | 9903 | -€414,564 | -€298,742 | +€115,822 | +27.9% |
| Profit (loss) for the period | 9904 | -€414,564 | -€298,742 | +€115,822 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€414,564 | -€298,742 | +€115,822 | +27.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.