Energo Bel: what changed
Energo Bel
Largest movements
- Receivables within one year +€17,385
up €17,385 (+99.8%), from €17,424 to €34,809
- Tangible fixed assets -€11,349
down €11,349 (-35.3%), from €32,141 to €20,792
of which Furniture and vehicles: -€10,236
- Cash +€1,460
up €1,460 (+6.7%), from €21,861 to €23,321
mainly Other debts (+€29,597) and Depreciation (+€11,679)
- Other debts +€29,597
up €29,597 (+19,371%), from €153 to €29,750
- Profit (loss) carried forward -€25,448
down €25,448 (-85.4%), from €29,801 to €4,352
- Trade debts +€7,349
up €7,349 (+160%), from €4,601 to €11,950
- Debts after one year -€6,096
down €6,096 (-34.7%), from €17,573 to €11,477
- Tax, wage and social debts +€1,704
up €1,704 (+20.0%), from €8,518 to €10,222
- Depreciation +€3,108
up €3,108 (+36.3%), from €8,571 to €11,679
- Gross operating margin -€2,815
down €2,815 (-9.3%), from €30,172 to €27,357
- Financial charges +€797
up €797 (+150%), from €532 to €1,330
- Taxes -€424
down €424 (-8.1%), from €5,222 to €4,799
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 | €71,427 | €78,923 | +€7,496 | +10.5% |
| Fixed assets | 21/28 | €32,141 | €20,792 | -€11,349 | -35.3% |
| Tangible fixed assets | 22/27 | €32,141 | €20,792 | -€11,349 | -35.3% |
| Plant, machinery and equipment | 23 | €1,815 | €702 | -€1,113 | -61.3% |
| Furniture and vehicles | 24 | €30,326 | €20,091 | -€10,236 | -33.8% |
| Current assets | 29/58 | €39,285 | €58,130 | +€18,845 | +48.0% |
| Amounts receivable within one year | 40/41 | €17,424 | €34,809 | +€17,385 | +99.8% |
| Trade receivables | 40 | €17,424 | €34,809 | +€17,385 | +99.8% |
| Cash at bank and in hand | 54/58 | €21,861 | €23,321 | +€1,460 | +6.7% |
| Total equity and liabilities | 10/49 | €71,427 | €78,923 | +€7,496 | +10.5% |
| Equity | 10/15 | €34,801 | €9,352 | -€25,448 | -73.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,801 | €4,352 | -€25,448 | -85.4% |
| Amounts payable | 17/49 | €36,626 | €69,570 | +€32,944 | +89.9% |
| Amounts payable after more than one year | 17 | €17,573 | €11,477 | -€6,096 | -34.7% |
| Financial debts | 170/4 | €17,573 | €11,477 | -€6,096 | -34.7% |
| Amounts payable within one year | 42/48 | €19,053 | €58,093 | +€39,040 | +205% |
| Current portion of amounts payable after more than one year | 42 | €5,781 | €6,096 | +€315 | +5.4% |
| Financial debts | 43 | - | €76 | +€76 | |
| Credit institutions | 430/8 | - | €76 | +€76 | |
| Trade debts | 44 | €4,601 | €11,950 | +€7,349 | +160% |
| Suppliers | 440/4 | €4,601 | €11,950 | +€7,349 | +160% |
| Taxes, remuneration and social security | 45 | €8,518 | €10,222 | +€1,704 | +20.0% |
| Taxes | 450/3 | €8,518 | €10,222 | +€1,704 | +20.0% |
| Other amounts payable | 47/48 | €153 | €29,750 | +€29,597 | +19,371% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,571 | €11,679 | +€3,108 | +36.3% |
| Gross operating margin | 9900 | €30,172 | €27,357 | -€2,815 | -9.3% |
| Operating profit (loss) | 9901 | €21,601 | €15,678 | -€5,923 | -27.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €532 | €1,330 | +€797 | +150% |
| Recurring financial charges | 65 | €532 | €1,330 | +€797 | +150% |
| Profit (loss) for the period before taxes | 9903 | €21,069 | €14,350 | -€6,719 | -31.9% |
| Income taxes | 67/77 | €5,222 | €4,799 | -€424 | -8.1% |
| Profit (loss) for the period | 9904 | €15,847 | €9,552 | -€6,295 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,847 | €9,552 | -€6,295 | -39.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.