ENERGIES V: what changed
What changed
ENERGIES V
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€437,509
31-12-2024 · €359,012+€78,496
Equity
€2.0m
31-12-2024 · €1.7m+€363,709
Cash
€502,024
31-12-2024 · €551,879-€49,854
Balance sheet total
€2.2m
31-12-2024 · €2.2m+€42,175
Largest movements
Assets
- Current investments +€50,000
up €50,000 (+7.7%), from €650,000 to €700,000
- Cash -€49,854
down €49,854 (-9.0%), from €551,879 to €502,024
mainly Other debts (-€267,597) and Contributions, distributions and other (-€73,800)
- Receivables within one year +€40,876
up €40,876 (+19.0%), from €214,790 to €255,665
Equity and liabilities
- Reserves +€363,709
up €363,709 (+22.5%), from €1.6m to €2.0m
of which Distributable reserves: +€275,592
- Other debts -€267,597
down €267,597 (-80.8%), from €331,303 to €63,707
- Current portion of long-term debt -€50,000
no longer reported in 2025 (was €50,000)
- Trade debts -€42,941
down €42,941 (-82.3%), from €52,155 to €9,213
of which Suppliers: -€48,948
- Tax, wage and social debts +€39,004
up €39,004 (+64.0%), from €60,924 to €99,928
Income statement
- Gross operating margin +€149,856
up €149,856 (+27.7%), from €540,825 to €690,681
- Taxes +€52,133
up €52,133 (+38.5%), from €135,425 to €187,559
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€359,012
Gross operating margin
+€149,856
Depreciation
-€3,916
Other operating charges
-€6,010
Financial income
-€4,495
Financial charges
-€4,805
Taxes
-€52,133
Result 31-12-2025
€437,509
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€191,525
Investment
-€117,580
Financing
-€123,800
Cash 31-12-2024
€551,879
From operations (derived)
+€191,525
Net result for the year
+€437,509
Depreciation
+€48,439
Stocks and contracts
+€3,828
Receivables within one year
-€40,876
Deferred charges and accrued income
+€14,159
Trade debts
-€42,941
Tax, wage and social debts
+€39,004
Other debts
-€267,597
Investment (derived)
-€117,580
Investment in fixed assets (net)
-€67,580
Current investments
-€50,000
Financing
-€123,800
Current portion of long-term debt
-€50,000
Contributions, distributions and other
-€73,800
Cash 31-12-2025
€502,024
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,167,565 | €2,209,740 | +€42,175 | +1.9% |
| Fixed assets | 21/28 | €721,816 | €740,957 | +€19,141 | +2.7% |
| Tangible fixed assets | 22/27 | €721,816 | €740,957 | +€19,141 | +2.7% |
| Land and buildings | 22 | €697,213 | €722,314 | +€25,100 | +3.6% |
| Plant, machinery and equipment | 23 | €472 | €1,612 | +€1,139 | +241% |
| Furniture and vehicles | 24 | €11,275 | €6,156 | -€5,119 | -45.4% |
| Other tangible fixed assets | 26 | €12,855 | €10,875 | -€1,981 | -15.4% |
| Current assets | 29/58 | €1,445,749 | €1,468,783 | +€23,034 | +1.6% |
| Stocks and contracts in progress | 3 | €14,702 | €10,874 | -€3,828 | -26.0% |
| Stocks | 30/36 | €14,702 | €10,874 | -€3,828 | -26.0% |
| Amounts receivable within one year | 40/41 | €214,790 | €255,665 | +€40,876 | +19.0% |
| Trade receivables | 40 | €214,790 | €255,665 | +€40,876 | +19.0% |
| Current investments | 50/53 | €650,000 | €700,000 | +€50,000 | +7.7% |
| Cash at bank and in hand | 54/58 | €551,879 | €502,024 | -€49,854 | -9.0% |
| Deferred charges and accrued income | 490/1 | €14,379 | €220 | -€14,159 | -98.5% |
| Total equity and liabilities | 10/49 | €2,167,565 | €2,209,740 | +€42,175 | +1.9% |
| Equity | 10/15 | €1,673,183 | €2,036,892 | +€363,709 | +21.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,619,113 | €1,982,822 | +€363,709 | +22.5% |
| Tax-exempt reserves | 132 | €168,400 | €256,516 | +€88,116 | +52.3% |
| Distributable reserves | 133 | €1,450,713 | €1,726,305 | +€275,592 | +19.0% |
| Profit (loss) carried forward | 14 | €44,070 | €44,070 | = | 0.0% |
| Amounts payable | 17/49 | €494,382 | €172,848 | -€321,534 | -65.0% |
| Amounts payable within one year | 42/48 | €494,382 | €172,848 | -€321,534 | -65.0% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €52,155 | €9,213 | -€42,941 | -82.3% |
| Suppliers | 440/4 | €52,155 | €3,207 | -€48,948 | -93.9% |
| Bills of exchange payable | 441 | - | €6,007 | +€6,007 | |
| Taxes, remuneration and social security | 45 | €60,924 | €99,928 | +€39,004 | +64.0% |
| Taxes | 450/3 | €60,924 | €99,928 | +€39,004 | +64.0% |
| Other amounts payable | 47/48 | €331,303 | €63,707 | -€267,597 | -80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,523 | €48,439 | +€3,916 | +8.8% |
| Other operating charges | 640/8 | €5,712 | €11,723 | +€6,010 | +105% |
| Gross operating margin | 9900 | €540,825 | €690,681 | +€149,856 | +27.7% |
| Operating profit (loss) | 9901 | €490,590 | €630,520 | +€139,930 | +28.5% |
| Financial income | 75/76B | €6,287 | €1,792 | -€4,495 | -71.5% |
| Recurring financial income | 75 | €6,287 | €1,792 | -€4,495 | -71.5% |
| Financial charges | 65/66B | €2,439 | €7,245 | +€4,805 | +197% |
| Recurring financial charges | 65 | €2,439 | €7,245 | +€4,805 | +197% |
| Profit (loss) for the period before taxes | 9903 | €494,438 | €625,067 | +€130,629 | +26.4% |
| Income taxes | 67/77 | €135,425 | €187,559 | +€52,133 | +38.5% |
| Profit (loss) for the period | 9904 | €359,012 | €437,509 | +€78,496 | +21.9% |
| Transfer from tax-exempt reserves | 789 | - | €80,284 | +€80,284 | |
| Transfer to tax-exempt reserves | 689 | €168,400 | €168,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €190,612 | €349,392 | +€158,780 | +83.3% |
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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 2 November 2026 via checked.be.