ENERGY 5: 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.
ENERGY 5
Largest movements
- Receivables within one year +€213,701
up €213,701 (+49.7%), from €429,890 to €643,591
of which Trade receivables: +€171,426
- Stocks and contracts +€109,884
up €109,884 (+66.8%), from €164,463 to €274,347
- Intangible fixed assets -€82,813
down €82,813 (-16.0%), from €517,748 to €434,936
- Cash +€36,056
up €36,056 (+23.2%), from €155,721 to €191,777
mainly Net result for the year (+€351,871) and Tax, wage and social debts (+€99,299)
- Profit (loss) carried forward +€351,871
up €351,871 (+573%), from €61,358 to €413,229
- Trade debts -€110,345
down €110,345 (-25.0%), from €440,590 to €330,245
- Tax, wage and social debts +€99,299
up €99,299 (+164%), from €60,527 to €159,825
of which Taxes: +€97,074
- Debts after one year -€94,643
down €94,643 (-18.8%), from €504,762 to €410,119
- Accrued charges and deferred income +€30,000
new in 2025: €30,000
- Gross operating margin +€337,603
up €337,603 (+136%), from €247,831 to €585,433
- Taxes +€96,888
up €96,888 (+461%), from €21,012 to €117,900
- Depreciation -€63,199
down €63,199 (-43.1%), from €146,592 to €83,393
- Staff costs +€8,614
new in 2025: €8,614
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 | €1,271,880 | €1,548,062 | +€276,182 | +21.7% |
| Fixed assets | 21/28 | €520,832 | €437,440 | -€83,393 | -16.0% |
| Intangible fixed assets | 21 | €517,748 | €434,936 | -€82,813 | -16.0% |
| Tangible fixed assets | 22/27 | €2,560 | €1,980 | -€580 | -22.7% |
| Plant, machinery and equipment | 23 | €2,560 | €1,980 | -€580 | -22.7% |
| Financial fixed assets | 28 | €524 | €524 | = | 0.0% |
| Current assets | 29/58 | €751,048 | €1,110,622 | +€359,574 | +47.9% |
| Stocks and contracts in progress | 3 | €164,463 | €274,347 | +€109,884 | +66.8% |
| Stocks | 30/36 | €164,463 | €274,347 | +€109,884 | +66.8% |
| Amounts receivable within one year | 40/41 | €429,890 | €643,591 | +€213,701 | +49.7% |
| Trade receivables | 40 | €423,978 | €595,404 | +€171,426 | +40.4% |
| Other amounts receivable | 41 | €5,912 | €48,187 | +€42,274 | +715% |
| Cash at bank and in hand | 54/58 | €155,721 | €191,777 | +€36,056 | +23.2% |
| Deferred charges and accrued income | 490/1 | €974 | €908 | -€66 | -6.8% |
| Total equity and liabilities | 10/49 | €1,271,880 | €1,548,062 | +€276,182 | +21.7% |
| Equity | 10/15 | €71,358 | €423,229 | +€351,871 | +493% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,358 | €413,229 | +€351,871 | +573% |
| Amounts payable | 17/49 | €1,200,522 | €1,124,833 | -€75,689 | -6.3% |
| Amounts payable after more than one year | 17 | €504,762 | €410,119 | -€94,643 | -18.8% |
| Financial debts | 170/4 | €504,762 | €410,119 | -€94,643 | -18.8% |
| Amounts payable within one year | 42/48 | €695,760 | €684,714 | -€11,046 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €94,643 | €94,643 | = | 0.0% |
| Trade debts | 44 | €440,590 | €330,245 | -€110,345 | -25.0% |
| Suppliers | 440/4 | €440,590 | €330,245 | -€110,345 | -25.0% |
| Taxes, remuneration and social security | 45 | €60,527 | €159,825 | +€99,299 | +164% |
| Taxes | 450/3 | €60,527 | €157,601 | +€97,074 | +160% |
| Remuneration and social security | 454/9 | - | €2,225 | +€2,225 | |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | - | €8,614 | +€8,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,592 | €83,393 | -€63,199 | -43.1% |
| Other operating charges | 640/8 | €732 | €387 | -€345 | -47.1% |
| Gross operating margin | 9900 | €247,831 | €585,433 | +€337,603 | +136% |
| Operating profit (loss) | 9901 | €100,507 | €493,040 | +€392,533 | +391% |
| Financial income | 75/76B | €5 | €80 | +€75 | +1,442% |
| Recurring financial income | 75 | €5 | €80 | +€75 | +1,442% |
| Financial charges | 65/66B | €18,142 | €23,350 | +€5,208 | +28.7% |
| Recurring financial charges | 65 | €18,142 | €23,350 | +€5,208 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €82,370 | €469,770 | +€387,400 | +470% |
| Income taxes | 67/77 | €21,012 | €117,900 | +€96,888 | +461% |
| Profit (loss) for the period | 9904 | €61,358 | €351,871 | +€290,512 | +473% |
| Profit (loss) for the period to be appropriated | 9905 | €61,358 | €351,871 | +€290,512 | +473% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.