ENERGETHIX: 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.
ENERGETHIX
Largest movements
- Current investments +€6,421
new in 2025: €6,421
- Cash -€4,840
down €4,840 (-73.8%), from €6,556 to €1,716
mainly Contributions, distributions and other (-€8,301) and Current investments (-€6,421)
- Receivables within one year -€931
down €931 (-11.1%), from €8,388 to €7,457
- Tangible fixed assets +€176
up €176 (+13.1%), from €1,343 to €1,519
- Formation expenses -€172
no longer reported in 2025 (was €172)
- Other debts -€2,785
down €2,785 (-67.1%), from €4,152 to €1,367
- Tax, wage and social debts +€1,774
up €1,774 (+19.6%), from €9,068 to €10,842
- Trade debts +€1,665
up €1,665 (+1,202%), from €138 to €1,803
- Gross operating margin -€8,183
down €8,183 (-37.1%), from €22,043 to €13,860
- Taxes -€2,294
down €2,294 (-43.8%), from €5,235 to €2,941
- Other operating charges +€586
up €586 (+72.2%), from €812 to €1,398
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 | €16,459 | €17,113 | +€654 | +4.0% |
| Formation expenses | 20 | €172 | - | -€172 | |
| Fixed assets | 21/28 | €1,343 | €1,519 | +€176 | +13.1% |
| Tangible fixed assets | 22/27 | €1,343 | €1,519 | +€176 | +13.1% |
| Furniture and vehicles | 24 | €1,343 | €1,519 | +€176 | +13.1% |
| Current assets | 29/58 | €14,944 | €15,594 | +€650 | +4.3% |
| Amounts receivable within one year | 40/41 | €8,388 | €7,457 | -€931 | -11.1% |
| Trade receivables | 40 | €8,388 | €7,457 | -€931 | -11.1% |
| Current investments | 50/53 | - | €6,421 | +€6,421 | |
| Cash at bank and in hand | 54/58 | €6,556 | €1,716 | -€4,840 | -73.8% |
| Total equity and liabilities | 10/49 | €16,459 | €17,113 | +€654 | +4.0% |
| Equity | 10/15 | €3,101 | €3,101 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,001 | €3,001 | = | 0.0% |
| Amounts payable | 17/49 | €13,358 | €14,012 | +€654 | +4.9% |
| Amounts payable within one year | 42/48 | €13,358 | €14,012 | +€654 | +4.9% |
| Trade debts | 44 | €138 | €1,803 | +€1,665 | +1,202% |
| Suppliers | 440/4 | €138 | €1,803 | +€1,665 | +1,202% |
| Taxes, remuneration and social security | 45 | €9,068 | €10,842 | +€1,774 | +19.6% |
| Taxes | 450/3 | €9,068 | €10,842 | +€1,774 | +19.6% |
| Other amounts payable | 47/48 | €4,152 | €1,367 | -€2,785 | -67.1% |
| Non-recurring operating income | 76A | €26 | - | -€26 | |
| Remuneration, social security and pensions | 62 | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €954 | €1,086 | +€132 | +13.9% |
| Other operating charges | 640/8 | €812 | €1,398 | +€586 | +72.2% |
| Non-recurring operating charges | 66A | - | €40 | +€40 | |
| Gross operating margin | 9900 | €22,043 | €13,860 | -€8,183 | -37.1% |
| Operating profit (loss) | 9901 | €20,253 | €11,337 | -€8,916 | -44.0% |
| Financial charges | 65/66B | €101 | €96 | -€5 | -5.0% |
| Recurring financial charges | 65 | €101 | €96 | -€5 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €20,152 | €11,241 | -€8,911 | -44.2% |
| Income taxes | 67/77 | €5,235 | €2,941 | -€2,294 | -43.8% |
| Profit (loss) for the period | 9904 | €14,917 | €8,301 | -€6,617 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,917 | €8,301 | -€6,617 | -44.4% |
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.