Energy Consulting: what changed
Energy Consulting
Largest movements
- Receivables within one year +€121,185
up €121,185 (+53.4%), from €226,804 to €347,989
of which Trade receivables: +€129,237
- Tangible fixed assets +€43,294
up €43,294 (+126%), from €34,312 to €77,606
of which Furniture and vehicles: +€42,919
- Cash -€29,726
down €29,726 (-4.0%), from €752,103 to €722,377
mainly Contributions, distributions and other (-€266,000) and Receivables within one year (-€121,185)
- Deferred charges and accrued income +€14,338
up €14,338 (+119%), from €12,004 to €26,341
- Other debts +€197,701
up €197,701 (+229%), from €86,335 to €284,036
- Reserves -€105,676
down €105,676 (-14.8%), from €713,710 to €608,033
- Short-term financial debts -€60,000
no longer reported in 2025 (was €60,000)
- Tax, wage and social debts +€37,798
up €37,798 (+29.8%), from €126,810 to €164,608
of which Taxes: +€25,995
- Debts after one year +€36,662
up €36,662 (+558%), from €6,575 to €43,237
- Staff costs +€78,500
up €78,500 (+21.9%), from €358,845 to €437,345
- Gross operating margin -€40,372
down €40,372 (-5.5%), from €734,444 to €694,072
- Taxes -€27,690
down €27,690 (-32.4%), from €85,564 to €57,874
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 | €1,025,223 | €1,178,325 | +€153,102 | +14.9% |
| Fixed assets | 21/28 | €34,312 | €81,617 | +€47,305 | +138% |
| Intangible fixed assets | 21 | - | €4,011 | +€4,011 | |
| Tangible fixed assets | 22/27 | €34,312 | €77,606 | +€43,294 | +126% |
| Plant, machinery and equipment | 23 | €4,064 | €5,449 | +€1,385 | +34.1% |
| Furniture and vehicles | 24 | €24,280 | €67,199 | +€42,919 | +177% |
| Other tangible fixed assets | 26 | €5,968 | €4,959 | -€1,009 | -16.9% |
| Current assets | 29/58 | €990,911 | €1,096,708 | +€105,797 | +10.7% |
| Amounts receivable within one year | 40/41 | €226,804 | €347,989 | +€121,185 | +53.4% |
| Trade receivables | 40 | €186,579 | €315,816 | +€129,237 | +69.3% |
| Other amounts receivable | 41 | €40,225 | €32,173 | -€8,052 | -20.0% |
| Cash at bank and in hand | 54/58 | €752,103 | €722,377 | -€29,726 | -4.0% |
| Deferred charges and accrued income | 490/1 | €12,004 | €26,341 | +€14,338 | +119% |
| Total equity and liabilities | 10/49 | €1,025,223 | €1,178,325 | +€153,102 | +14.9% |
| Equity | 10/15 | €718,710 | €613,033 | -€105,676 | -14.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €713,710 | €608,033 | -€105,676 | -14.8% |
| Distributable reserves | 133 | €713,710 | €608,033 | -€105,676 | -14.8% |
| Amounts payable | 17/49 | €306,513 | €565,292 | +€258,779 | +84.4% |
| Amounts payable after more than one year | 17 | €6,575 | €43,237 | +€36,662 | +558% |
| Financial debts | 170/4 | €6,575 | €43,237 | +€36,662 | +558% |
| Amounts payable within one year | 42/48 | €299,938 | €522,055 | +€222,116 | +74.1% |
| Current portion of amounts payable after more than one year | 42 | €3,387 | €14,760 | +€11,373 | +336% |
| Financial debts | 43 | €60,000 | - | -€60,000 | |
| Credit institutions | 430/8 | €60,000 | - | -€60,000 | |
| Trade debts | 44 | €23,406 | €58,651 | +€35,244 | +151% |
| Suppliers | 440/4 | €23,406 | €58,651 | +€35,244 | +151% |
| Taxes, remuneration and social security | 45 | €126,810 | €164,608 | +€37,798 | +29.8% |
| Taxes | 450/3 | €70,002 | €95,997 | +€25,995 | +37.1% |
| Remuneration and social security | 454/9 | €56,808 | €68,611 | +€11,803 | +20.8% |
| Other amounts payable | 47/48 | €86,335 | €284,036 | +€197,701 | +229% |
| Remuneration, social security and pensions | 62 | €358,845 | €437,345 | +€78,500 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,100 | €21,989 | +€6,889 | +45.6% |
| Other operating charges | 640/8 | €5,313 | €12,523 | +€7,210 | +136% |
| Gross operating margin | 9900 | €734,444 | €694,072 | -€40,372 | -5.5% |
| Operating profit (loss) | 9901 | €355,186 | €222,215 | -€132,971 | -37.4% |
| Financial income | 75/76B | €204 | - | -€204 | |
| Recurring financial income | 75 | €204 | - | -€204 | |
| Financial charges | 65/66B | €2,158 | €4,017 | +€1,859 | +86.1% |
| Recurring financial charges | 65 | €2,158 | €4,017 | +€1,859 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €353,232 | €218,198 | -€135,035 | -38.2% |
| Income taxes | 67/77 | €85,564 | €57,874 | -€27,690 | -32.4% |
| Profit (loss) for the period | 9904 | €267,668 | €160,324 | -€107,345 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €267,668 | €160,324 | -€107,345 | -40.1% |
Next steps
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 3 November 2026 via checked.be.