EnerGent: 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.
EnerGent
Largest movements
- Receivables within one year +€868,748
up €868,748 (+138%), from €630,513 to €1.5m
of which Trade receivables: +€469,454
- Tangible fixed assets +€307,322
up €307,322 (+6.3%), from €4.8m to €5.2m
of which Assets under construction and advance payments: +€333,359
- Cash -€207,565
down €207,565 (-19.7%), from €1.1m to €843,445
mainly Receivables within one year (-€868,748) and Investment in fixed assets (net) (-€865,774)
- Financial fixed assets +€199,515
up €199,515 (+55.1%), from €362,344 to €561,860
- Contributions +€526,500
up €526,500 (+12.4%), from €4.2m to €4.8m
- Accrued charges and deferred income +€412,281
up €412,281 (+98.5%), from €418,767 to €831,048
- Advances received +€248,476
up €248,476 (+28.9%), from €860,916 to €1.1m
- Staff costs +€35,645
up €35,645 (+4.2%), from €850,770 to €886,415
- Provisions +€30,000
new in 2025: €30,000
- Gross operating margin +€27,847
up €27,847 (+2.0%), from €1.4m to €1.4m
- Depreciation +€20,881
up €20,881 (+6.1%), from €339,976 to €360,857
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 | €7,059,294 | €8,227,612 | +€1.2m | +16.6% |
| Fixed assets | 21/28 | €5,214,237 | €5,719,154 | +€504,917 | +9.7% |
| Intangible fixed assets | 21 | €3,729 | €1,809 | -€1,920 | -51.5% |
| Tangible fixed assets | 22/27 | €4,848,164 | €5,155,485 | +€307,322 | +6.3% |
| Land and buildings | 22 | €4,788,639 | €4,763,268 | -€25,371 | -0.5% |
| Plant, machinery and equipment | 23 | €2,554 | €1,938 | -€615 | -24.1% |
| Furniture and vehicles | 24 | €52 | €0 | -€52 | -100% |
| Assets under construction and advance payments | 27 | €56,919 | €390,279 | +€333,359 | +586% |
| Financial fixed assets | 28 | €362,344 | €561,860 | +€199,515 | +55.1% |
| Current assets | 29/58 | €1,845,057 | €2,508,458 | +€663,401 | +36.0% |
| Amounts receivable after more than one year | 29 | €72,360 | €74,460 | +€2,100 | +2.9% |
| Other amounts receivable | 291 | €72,360 | €74,460 | +€2,100 | +2.9% |
| Amounts receivable within one year | 40/41 | €630,513 | €1,499,261 | +€868,748 | +138% |
| Trade receivables | 40 | €256,965 | €726,418 | +€469,454 | +183% |
| Other amounts receivable | 41 | €373,549 | €772,843 | +€399,294 | +107% |
| Cash at bank and in hand | 54/58 | €1,051,011 | €843,445 | -€207,565 | -19.7% |
| Deferred charges and accrued income | 490/1 | €91,173 | €91,292 | +€118 | +0.1% |
| Total equity and liabilities | 10/49 | €7,059,294 | €8,227,612 | +€1.2m | +16.6% |
| Equity | 10/15 | €5,229,754 | €5,763,989 | +€534,235 | +10.2% |
| Contributions | 10/11 | €4,231,100 | €4,757,600 | +€526,500 | +12.4% |
| Reserves | 13 | €2,180 | €2,180 | = | 0.0% |
| Distributable reserves | 133 | €2,180 | €2,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €775,613 | €801,804 | +€26,191 | +3.4% |
| Investment grants | 15 | €220,861 | €202,405 | -€18,456 | -8.4% |
| Provisions and deferred taxes | 16 | - | €30,000 | +€30,000 | |
| Provisions for liabilities and charges | 160/5 | - | €30,000 | +€30,000 | |
| Major repairs and maintenance | 162 | - | €30,000 | +€30,000 | |
| Amounts payable | 17/49 | €1,829,540 | €2,433,623 | +€604,083 | +33.0% |
| Amounts payable within one year | 42/48 | €1,410,773 | €1,602,575 | +€191,802 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €113 | €0 | -€113 | -100% |
| Trade debts | 44 | €164,389 | €131,992 | -€32,397 | -19.7% |
| Suppliers | 440/4 | €164,389 | €131,992 | -€32,397 | -19.7% |
| Advances received on contracts in progress | 46 | €860,916 | €1,109,392 | +€248,476 | +28.9% |
| Taxes, remuneration and social security | 45 | €218,901 | €174,057 | -€44,844 | -20.5% |
| Taxes | 450/3 | €92,949 | €82,100 | -€10,849 | -11.7% |
| Remuneration and social security | 454/9 | €125,952 | €91,956 | -€33,996 | -27.0% |
| Other amounts payable | 47/48 | €166,455 | €187,134 | +€20,680 | +12.4% |
| Accrued charges and deferred income | 492/3 | €418,767 | €831,048 | +€412,281 | +98.5% |
| Remuneration, social security and pensions | 62 | €850,770 | €886,415 | +€35,645 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339,976 | €360,857 | +€20,881 | +6.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €30,000 | +€30,000 | |
| Other operating charges | 640/8 | €19,620 | €11,773 | -€7,848 | -40.0% |
| Gross operating margin | 9900 | €1,380,408 | €1,408,255 | +€27,847 | +2.0% |
| Operating profit (loss) | 9901 | €170,042 | €119,210 | -€50,832 | -29.9% |
| Financial income | 75/76B | €22,765 | €24,602 | +€1,837 | +8.1% |
| Recurring financial income | 75 | €22,765 | €24,602 | +€1,837 | +8.1% |
| Financial charges | 65/66B | €971 | €1,599 | +€628 | +64.7% |
| Recurring financial charges | 65 | €971 | €1,099 | +€128 | +13.2% |
| Non-recurring financial charges | 66B | - | €500 | +€500 | |
| Profit (loss) for the period before taxes | 9903 | €191,837 | €142,213 | -€49,624 | -25.9% |
| Income taxes | 67/77 | €1,199 | -€282 | -€1,481 | |
| Profit (loss) for the period | 9904 | €190,638 | €142,495 | -€48,143 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €190,638 | €142,495 | -€48,143 | -25.3% |
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 15 October 2026 via checked.be.