ENERGY DESIGN: what changed
ENERGY DESIGN
Largest movements
- Cash -€33,970
down €33,970 (-38.1%), from €89,179 to €55,209
mainly Receivables within one year (-€26,279) and Contributions, distributions and other (-€11,705)
- Receivables within one year +€26,279
up €26,279 (+87.7%), from €29,980 to €56,259
of which Trade receivables: +€16,178
- Current investments +€10,640
up €10,640 (+23.5%), from €45,293 to €55,933
- Tangible fixed assets -€2,936
down €2,936 (-100%), from €2,936 to €0
of which Furniture and vehicles: -€2,186
- Deferred charges and accrued income -€1,786
down €1,786 (-100%), from €1,786 to €0
- Tax, wage and social debts -€2,096
down €2,096 (-40.8%), from €5,143 to €3,047
of which Taxes: -€3,590
- Gross operating margin -€4,542
down €4,542 (-17.7%), from €25,688 to €21,146
- Taxes -€1,256
down €1,256 (-15.3%), from €8,233 to €6,977
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 | €169,510 | €167,688 | -€1,822 | -1.1% |
| Fixed assets | 21/28 | €3,271 | €287 | -€2,985 | -91.2% |
| Intangible fixed assets | 21 | €135 | €87 | -€49 | -36.0% |
| Tangible fixed assets | 22/27 | €2,936 | €0 | -€2,936 | -100% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €750 | €0 | -€750 | -100% |
| Furniture and vehicles | 24 | €2,186 | €0 | -€2,186 | -100% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €166,238 | €167,401 | +€1,163 | +0.7% |
| Amounts receivable within one year | 40/41 | €29,980 | €56,259 | +€26,279 | +87.7% |
| Trade receivables | 40 | €6,255 | €22,433 | +€16,178 | +259% |
| Other amounts receivable | 41 | €23,725 | €33,826 | +€10,101 | +42.6% |
| Current investments | 50/53 | €45,293 | €55,933 | +€10,640 | +23.5% |
| Cash at bank and in hand | 54/58 | €89,179 | €55,209 | -€33,970 | -38.1% |
| Deferred charges and accrued income | 490/1 | €1,786 | €0 | -€1,786 | -100% |
| Total equity and liabilities | 10/49 | €169,510 | €167,688 | -€1,822 | -1.1% |
| Equity | 10/15 | €158,870 | €158,486 | -€383 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,270 | €139,886 | -€383 | -0.3% |
| Tax-exempt reserves | 132 | €986 | €986 | = | 0.0% |
| Distributable reserves | 133 | €139,284 | €138,900 | -€383 | -0.3% |
| Amounts payable | 17/49 | €10,640 | €9,201 | -€1,439 | -13.5% |
| Amounts payable within one year | 42/48 | €10,640 | €9,201 | -€1,439 | -13.5% |
| Trade debts | 44 | €5,497 | €6,154 | +€657 | +12.0% |
| Suppliers | 440/4 | €5,497 | €6,154 | +€657 | +12.0% |
| Taxes, remuneration and social security | 45 | €5,143 | €3,047 | -€2,096 | -40.8% |
| Taxes | 450/3 | €5,143 | €1,553 | -€3,590 | -69.8% |
| Remuneration and social security | 454/9 | - | €1,494 | +€1,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,049 | €2,985 | -€64 | -2.1% |
| Other operating charges | 640/8 | €1,244 | €1,347 | +€103 | +8.3% |
| Gross operating margin | 9900 | €25,688 | €21,146 | -€4,542 | -17.7% |
| Operating profit (loss) | 9901 | €21,394 | €16,814 | -€4,581 | -21.4% |
| Financial income | 75/76B | €1,802 | €1,810 | +€8 | +0.5% |
| Recurring financial income | 75 | €1,802 | €1,810 | +€8 | +0.5% |
| Financial charges | 65/66B | €244 | €325 | +€82 | +33.5% |
| Recurring financial charges | 65 | €244 | €325 | +€82 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €22,953 | €18,299 | -€4,654 | -20.3% |
| Income taxes | 67/77 | €8,233 | €6,977 | -€1,256 | -15.3% |
| Profit (loss) for the period | 9904 | €14,720 | €11,322 | -€3,398 | -23.1% |
| Transfer to tax-exempt reserves | 689 | €922 | - | -€922 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,798 | €11,322 | -€2,477 | -17.9% |
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 4 November 2026 via checked.be.