ENERGIX MANAGEMENT: 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.
ENERGIX MANAGEMENT
Largest movements
- Current investments +€1.0m
up €1.0m (+86.3%), from €1.2m to €2.2m
- Receivables within one year -€608,273
down €608,273 (-99.9%), from €608,638 to €365
of which Other amounts receivable: -€500,000
- Cash -€100,168
down €100,168 (-23.9%), from €419,687 to €319,519
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€496,307)
- Other debts +€385,658
up €385,658 (+4,253%), from €9,068 to €394,726
- Reserves -€149,194
down €149,194 (-7.7%), from €1.9m to €1.8m
- Tax, wage and social debts +€46,344
up €46,344 (+22.2%), from €208,308 to €254,652
- Gross operating margin -€1.2m
down €1.2m (-68.5%), from €1.7m to €536,165
- Taxes -€354,779
down €354,779 (-66.9%), from €530,301 to €175,522
- Financial charges +€39,919
up €39,919 (+6,995%), from €571 to €40,490
- Provisions -€22,873
down €22,873 (-63.7%), from €35,932 to €13,059
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 | €2,223,015 | €2,520,467 | +€297,452 | +13.4% |
| Fixed assets | 21/28 | €19,022 | €14,385 | -€4,637 | -24.4% |
| Tangible fixed assets | 22/27 | €19,022 | €14,385 | -€4,637 | -24.4% |
| Furniture and vehicles | 24 | €14,706 | €5,558 | -€9,148 | -62.2% |
| Other tangible fixed assets | 26 | €4,317 | €8,827 | +€4,511 | +104% |
| Current assets | 29/58 | €2,203,992 | €2,506,082 | +€302,089 | +13.7% |
| Amounts receivable within one year | 40/41 | €608,638 | €365 | -€608,273 | -99.9% |
| Trade receivables | 40 | €108,638 | €365 | -€108,273 | -99.7% |
| Other amounts receivable | 41 | €500,000 | €0 | -€500,000 | -100% |
| Current investments | 50/53 | €1,159,157 | €2,159,157 | +€1.0m | +86.3% |
| Cash at bank and in hand | 54/58 | €419,687 | €319,519 | -€100,168 | -23.9% |
| Deferred charges and accrued income | 490/1 | €16,510 | €27,041 | +€10,531 | +63.8% |
| Total equity and liabilities | 10/49 | €2,223,015 | €2,520,467 | +€297,452 | +13.4% |
| Equity | 10/15 | €1,962,258 | €1,811,569 | -€150,690 | -7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,948,363 | €1,799,169 | -€149,194 | -7.7% |
| Distributable reserves | 133 | €1,948,363 | €1,799,169 | -€149,194 | -7.7% |
| Profit (loss) carried forward | 14 | €1,495 | €0 | -€1,495 | -100% |
| Provisions and deferred taxes | 16 | €35,932 | €48,991 | +€13,059 | +36.3% |
| Provisions for liabilities and charges | 160/5 | €35,932 | €48,991 | +€13,059 | +36.3% |
| Environmental obligations | 163 | €35,932 | €0 | -€35,932 | -100% |
| Other liabilities and charges | 164/5 | - | €48,991 | +€48,991 | |
| Amounts payable | 17/49 | €224,824 | €659,907 | +€435,083 | +194% |
| Amounts payable within one year | 42/48 | €220,496 | €652,409 | +€431,912 | +196% |
| Trade debts | 44 | €3,120 | €3,030 | -€90 | -2.9% |
| Suppliers | 440/4 | €3,120 | €3,030 | -€90 | -2.9% |
| Taxes, remuneration and social security | 45 | €208,308 | €254,652 | +€46,344 | +22.2% |
| Taxes | 450/3 | €208,308 | €254,652 | +€46,344 | +22.2% |
| Other amounts payable | 47/48 | €9,068 | €394,726 | +€385,658 | +4,253% |
| Accrued charges and deferred income | 492/3 | €4,328 | €7,499 | +€3,170 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,425 | €11,144 | +€1,719 | +18.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,932 | €13,059 | -€22,873 | -63.7% |
| Other operating charges | 640/8 | €1,612 | €2,012 | +€400 | +24.8% |
| Gross operating margin | 9900 | €1,701,168 | €536,165 | -€1.2m | -68.5% |
| Operating profit (loss) | 9901 | €1,654,200 | €509,950 | -€1.1m | -69.2% |
| Financial income | 75/76B | €37,464 | €51,678 | +€14,214 | +37.9% |
| Recurring financial income | 75 | €37,464 | €51,678 | +€14,214 | +37.9% |
| Financial charges | 65/66B | €571 | €40,490 | +€39,919 | +6,995% |
| Recurring financial charges | 65 | €571 | €40,490 | +€39,919 | +6,995% |
| Profit (loss) for the period before taxes | 9903 | €1,691,093 | €521,139 | -€1.2m | -69.2% |
| Income taxes | 67/77 | €530,301 | €175,522 | -€354,779 | -66.9% |
| Profit (loss) for the period | 9904 | €1,160,792 | €345,617 | -€815,175 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,160,792 | €345,617 | -€815,175 | -70.2% |
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 31 October 2026 via checked.be.