ENERGIE ISOLATION: 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.
What changed
ENERGIE ISOLATION
NACE 43.230, Insulation installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€103,490
2024 · €93,324+€10,166
Equity
€402,053
2024 · €292,650+€109,403
Cash
€71,805
2024 · €77,887-€6,082
Balance sheet total
€1.6m
2024 · €1.5m+€88,341
Largest movements
Assets
- Stocks and contracts +€42,591
up €42,591 (+78.9%), from €54,000 to €96,591
- Receivables within one year +€33,015
up €33,015 (+63.6%), from €51,909 to €84,924
of which Trade receivables: +€49,173
Equity and liabilities
- Reserves +€71,905
up €71,905 (+25.4%), from €282,650 to €354,555
of which Distributable reserves: +€74,536
- Debts after one year -€55,920
down €55,920 (-6.4%), from €878,564 to €822,644
- Investment grants +€37,499
new in 2025: €37,499
- Current portion of long-term debt +€27,375
up €27,375 (+26.1%), from €104,754 to €132,129
- Trade debts -€23,541
down €23,541 (-26.1%), from €90,138 to €66,597
Income statement
- Gross operating margin +€248,625
up €248,625 (+42.7%), from €582,066 to €830,691
- Staff costs +€192,900
up €192,900 (+67.1%), from €287,446 to €480,346
- Depreciation +€26,411
up €26,411 (+20.8%), from €126,960 to €153,371
- Other operating charges +€18,850
up €18,850 (+211%), from €8,943 to €27,793
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.
Result 2024
€93,324
Gross operating margin
+€248,625
Staff costs
-€192,900
Depreciation
-€26,411
Other operating charges
-€18,850
Other operating items
+€1,398
Financial income
+€3,717
Financial charges
+€948
Taxes
-€6,861
Deferred taxes and other
+€500
Result 2025
€103,490
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€183,034
Investment
-€166,485
Financing
-€22,631
Cash 2024
€77,887
From operations (derived)
+€183,034
Net result for the year
+€103,490
Depreciation
+€153,371
Stocks and contracts
-€42,591
Receivables within one year
-€33,015
Deferred charges and accrued income
-€5,703
Provisions
+€11,842
Trade debts
-€23,541
Tax, wage and social debts
+€11,083
Advances received
-€4,086
Other debts
+€5,139
Accrued charges and deferred income
+€7,045
Investment (derived)
-€166,485
Investment in fixed assets (net)
-€166,485
Financing
-€22,631
Debts after one year
-€55,920
Current portion of long-term debt
+€27,375
Contributions, distributions and other
+€5,913
Cash 2025
€71,805
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,537,460 | €1,625,801 | +€88,341 | +5.7% |
| Fixed assets | 21/28 | €1,347,925 | €1,361,040 | +€13,114 | +1.0% |
| Intangible fixed assets | 21 | €10,447 | €8,447 | -€2,000 | -19.1% |
| Tangible fixed assets | 22/27 | €1,336,699 | €1,351,678 | +€14,979 | +1.1% |
| Land and buildings | 22 | €1,077,498 | €1,034,696 | -€42,802 | -4.0% |
| Plant, machinery and equipment | 23 | €103,945 | €99,223 | -€4,722 | -4.5% |
| Furniture and vehicles | 24 | €153,273 | €217,759 | +€64,487 | +42.1% |
| Leasing and similar rights | 25 | €1,983 | - | -€1,983 | |
| Financial fixed assets | 28 | €780 | €915 | +€135 | +17.3% |
| Current assets | 29/58 | €189,535 | €264,761 | +€75,226 | +39.7% |
| Stocks and contracts in progress | 3 | €54,000 | €96,591 | +€42,591 | +78.9% |
| Stocks | 30/36 | €54,000 | €96,591 | +€42,591 | +78.9% |
| Amounts receivable within one year | 40/41 | €51,909 | €84,924 | +€33,015 | +63.6% |
| Trade receivables | 40 | €34,041 | €83,214 | +€49,173 | +144% |
| Other amounts receivable | 41 | €17,868 | €1,710 | -€16,159 | -90.4% |
| Cash at bank and in hand | 54/58 | €77,887 | €71,805 | -€6,082 | -7.8% |
| Deferred charges and accrued income | 490/1 | €5,738 | €11,441 | +€5,703 | +99.4% |
| Total equity and liabilities | 10/49 | €1,537,460 | €1,625,801 | +€88,341 | +5.7% |
| Equity | 10/15 | €292,650 | €402,053 | +€109,403 | +37.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €282,650 | €354,555 | +€71,905 | +25.4% |
| Tax-exempt reserves | 132 | €4,528 | €1,896 | -€2,632 | -58.1% |
| Distributable reserves | 133 | €278,122 | €352,658 | +€74,536 | +26.8% |
| Investment grants | 15 | - | €37,499 | +€37,499 | |
| Provisions and deferred taxes | 16 | €1,132 | €12,974 | +€11,842 | +1,046% |
| Deferred taxes | 168 | €1,132 | €12,974 | +€11,842 | +1,046% |
| Amounts payable | 17/49 | €1,243,678 | €1,210,774 | -€32,904 | -2.6% |
| Amounts payable after more than one year | 17 | €878,564 | €822,644 | -€55,920 | -6.4% |
| Financial debts | 170/4 | €878,564 | €822,644 | -€55,920 | -6.4% |
| Amounts payable within one year | 42/48 | €365,114 | €381,085 | +€15,971 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €104,754 | €132,129 | +€27,375 | +26.1% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €90,138 | €66,597 | -€23,541 | -26.1% |
| Suppliers | 440/4 | €90,138 | €66,597 | -€23,541 | -26.1% |
| Advances received on contracts in progress | 46 | €4,086 | - | -€4,086 | |
| Taxes, remuneration and social security | 45 | €26,276 | €37,359 | +€11,083 | +42.2% |
| Taxes | 450/3 | €21,886 | €19,382 | -€2,504 | -11.4% |
| Remuneration and social security | 454/9 | €4,390 | €17,977 | +€13,587 | +309% |
| Other amounts payable | 47/48 | €14,861 | €20,000 | +€5,139 | +34.6% |
| Accrued charges and deferred income | 492/3 | - | €7,045 | +€7,045 | |
| Non-recurring operating income | 76A | - | €6,743 | +€6,743 | |
| Remuneration, social security and pensions | 62 | €287,446 | €480,346 | +€192,900 | +67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,960 | €153,371 | +€26,411 | +20.8% |
| Other operating charges | 640/8 | €8,943 | €27,793 | +€18,850 | +211% |
| Non-recurring operating charges | 66A | €1,398 | - | -€1,398 | |
| Gross operating margin | 9900 | €582,066 | €830,691 | +€248,625 | +42.7% |
| Operating profit (loss) | 9901 | €157,319 | €169,181 | +€11,861 | +7.5% |
| Financial income | 75/76B | €2,667 | €6,383 | +€3,717 | +139% |
| Recurring financial income | 75 | €2,667 | €6,383 | +€3,717 | +139% |
| Financial charges | 65/66B | €38,190 | €37,242 | -€948 | -2.5% |
| Recurring financial charges | 65 | €38,190 | €37,242 | -€948 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €121,796 | €138,322 | +€16,526 | +13.6% |
| Transfer from deferred taxes | 780 | €658 | €1,158 | +€500 | +76.1% |
| Income taxes | 67/77 | €29,130 | €35,991 | +€6,861 | +23.6% |
| Profit (loss) for the period | 9904 | €93,324 | €103,490 | +€10,166 | +10.9% |
| Transfer from tax-exempt reserves | 789 | €2,632 | €2,632 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,956 | €106,122 | +€10,166 | +10.6% |
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 1 November 2026 via checked.be.