ENERGICO: what changed
ENERGICO
Largest movements
- Cash +€23,527
up €23,527 (+657%), from €3,578 to €27,105
mainly Stocks and contracts (+€12,486) and Deferred charges and accrued income (+€10,396)
- Tangible fixed assets -€12,504
down €12,504 (-18.5%), from €67,516 to €55,012
of which Land and buildings: -€13,954
- Stocks and contracts -€12,486
down €12,486 (-81.7%), from €15,288 to €2,802
- Deferred charges and accrued income -€10,396
down €10,396 (-93.4%), from €11,136 to €740
- Receivables within one year +€6,925
up €6,925 (+28.3%), from €24,428 to €31,353
of which Trade receivables: +€10,105
- Other debts -€16,107
down €16,107 (-65.3%), from €24,666 to €8,559
- Reserves +€7,714
up €7,714 (+7.5%), from €103,333 to €111,047
of which Distributable reserves: +€7,714
- Tax, wage and social debts +€2,343
up €2,343 (+356%), from €657 to €3,000
- Gross operating margin +€13,061
up €13,061 (+326%), from €4,008 to €17,068
- Depreciation -€4,330
down €4,330 (-58.5%), from €7,406 to €3,076
- Taxes +€2,530
up €2,530, from -€18 to €2,512
- Financial charges -€743
down €743 (-34.0%), from €2,188 to €1,445
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 | €122,051 | €117,117 | -€4,935 | -4.0% |
| Fixed assets | 21/28 | €67,621 | €55,117 | -€12,504 | -18.5% |
| Tangible fixed assets | 22/27 | €67,516 | €55,012 | -€12,504 | -18.5% |
| Land and buildings | 22 | €67,516 | €53,561 | -€13,954 | -20.7% |
| Plant, machinery and equipment | 23 | - | €1,450 | +€1,450 | |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €54,430 | €62,000 | +€7,569 | +13.9% |
| Stocks and contracts in progress | 3 | €15,288 | €2,802 | -€12,486 | -81.7% |
| Stocks | 30/36 | €15,288 | €2,802 | -€12,486 | -81.7% |
| Amounts receivable within one year | 40/41 | €24,428 | €31,353 | +€6,925 | +28.3% |
| Trade receivables | 40 | €20,387 | €30,492 | +€10,105 | +49.6% |
| Other amounts receivable | 41 | €4,041 | €861 | -€3,180 | -78.7% |
| Cash at bank and in hand | 54/58 | €3,578 | €27,105 | +€23,527 | +657% |
| Deferred charges and accrued income | 490/1 | €11,136 | €740 | -€10,396 | -93.4% |
| Total equity and liabilities | 10/49 | €122,051 | €117,117 | -€4,935 | -4.0% |
| Equity | 10/15 | €95,821 | €103,535 | +€7,714 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,333 | €111,047 | +€7,714 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €101,473 | €109,187 | +€7,714 | +7.6% |
| Profit (loss) carried forward | 14 | -€26,112 | -€26,112 | = | 0.0% |
| Amounts payable | 17/49 | €26,230 | €13,582 | -€12,648 | -48.2% |
| Amounts payable within one year | 42/48 | €25,608 | €12,438 | -€13,169 | -51.4% |
| Trade debts | 44 | €284 | €878 | +€594 | +209% |
| Suppliers | 440/4 | €284 | €878 | +€594 | +209% |
| Taxes, remuneration and social security | 45 | €657 | €3,000 | +€2,343 | +356% |
| Taxes | 450/3 | €657 | €3,000 | +€2,343 | +356% |
| Other amounts payable | 47/48 | €24,666 | €8,559 | -€16,107 | -65.3% |
| Accrued charges and deferred income | 492/3 | €622 | €1,143 | +€521 | +83.8% |
| Non-recurring operating income | 76A | - | €18,265 | +€18,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,406 | €3,076 | -€4,330 | -58.5% |
| Other operating charges | 640/8 | €1,258 | €1,321 | +€63 | +5.0% |
| Non-recurring operating charges | 66A | - | €1,109 | +€1,109 | |
| Gross operating margin | 9900 | €4,008 | €17,068 | +€13,061 | +326% |
| Operating profit (loss) | 9901 | -€4,656 | €11,562 | +€16,218 | |
| Financial income | 75/76B | €221 | €109 | -€112 | -50.7% |
| Recurring financial income | 75 | €221 | €109 | -€112 | -50.7% |
| Financial charges | 65/66B | €2,188 | €1,445 | -€743 | -34.0% |
| Recurring financial charges | 65 | €2,188 | €1,445 | -€743 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,623 | €10,226 | +€16,849 | |
| Income taxes | 67/77 | -€18 | €2,512 | +€2,530 | |
| Profit (loss) for the period | 9904 | -€6,605 | €7,714 | +€14,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,605 | €7,714 | +€14,319 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.