ENERGY & ENVIRONMENT: 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 & ENVIRONMENT
Largest movements
- Tangible fixed assets -€10,207
down €10,207 (-13.2%), from €77,410 to €67,202
of which Plant, machinery and equipment: -€10,207
- Profit (loss) carried forward -€9,664
down €9,664 (-5.0%), from €193,723 to €184,059
- Gross operating margin +€19,810
up €19,810, from -€14,250 to €5,560
- Depreciation -€3,742
down €3,742 (-26.8%), from €13,949 to €10,207
- Financial income -€1,142
down €1,142 (-99.4%), from €1,149 to €6
- Financial charges -€427
down €427 (-34.0%), from €1,256 to €828
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 | €339,628 | €330,866 | -€8,763 | -2.6% |
| Fixed assets | 21/28 | €77,782 | €67,574 | -€10,207 | -13.1% |
| Tangible fixed assets | 22/27 | €77,410 | €67,202 | -€10,207 | -13.2% |
| Land and buildings | 22 | €14,481 | €14,481 | = | 0.0% |
| Plant, machinery and equipment | 23 | €62,929 | €52,722 | -€10,207 | -16.2% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €261,847 | €263,292 | +€1,445 | +0.6% |
| Amounts receivable within one year | 40/41 | €3,839 | €4,150 | +€311 | +8.1% |
| Trade receivables | 40 | €1,358 | €528 | -€830 | -61.1% |
| Other amounts receivable | 41 | €2,481 | €3,621 | +€1,141 | +46.0% |
| Cash at bank and in hand | 54/58 | €256,334 | €257,216 | +€883 | +0.3% |
| Deferred charges and accrued income | 490/1 | €1,674 | €1,926 | +€252 | +15.0% |
| Total equity and liabilities | 10/49 | €339,628 | €330,866 | -€8,763 | -2.6% |
| Equity | 10/15 | €276,223 | €266,559 | -€9,664 | -3.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,723 | €184,059 | -€9,664 | -5.0% |
| Amounts payable | 17/49 | €63,405 | €64,307 | +€902 | +1.4% |
| Amounts payable within one year | 42/48 | €63,405 | €64,307 | +€902 | +1.4% |
| Trade debts | 44 | €997 | €256 | -€741 | -74.3% |
| Suppliers | 440/4 | €997 | €256 | -€741 | -74.3% |
| Other amounts payable | 47/48 | €62,408 | €64,051 | +€1,643 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,949 | €10,207 | -€3,742 | -26.8% |
| Other operating charges | 640/8 | €4,069 | €4,077 | +€9 | +0.2% |
| Gross operating margin | 9900 | -€14,250 | €5,560 | +€19,810 | |
| Operating profit (loss) | 9901 | -€32,268 | -€8,725 | +€23,543 | +73.0% |
| Financial income | 75/76B | €1,149 | €6 | -€1,142 | -99.4% |
| Recurring financial income | 75 | €1,149 | €6 | -€1,142 | -99.4% |
| Financial charges | 65/66B | €1,256 | €828 | -€427 | -34.0% |
| Recurring financial charges | 65 | €1,256 | €828 | -€427 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,375 | -€9,547 | +€22,828 | +70.5% |
| Income taxes | 67/77 | €198 | €117 | -€81 | -40.8% |
| Profit (loss) for the period | 9904 | -€32,573 | -€9,664 | +€22,908 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,573 | -€9,664 | +€22,908 | +70.3% |
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 25 October 2026 via checked.be.