ENERGY EXPERTISE: what changed
What changed
ENERGY EXPERTISE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €174,411+€1.1m
Equity
€3.8m
2024 · €2.9m+€926,026
Cash
€818,709
2024 · €614,132+€204,577
Balance sheet total
€4.3m
2024 · €3.9m+€397,221
Largest movements
Assets
- Cash +€204,577
up €204,577 (+33.3%), from €614,132 to €818,709
mainly Net result for the year (+€1.3m) and Tax, wage and social debts (+€89,816)
- Receivables after one year +€153,314
up €153,314 (+76.7%), from €200,000 to €353,314
Equity and liabilities
- Reserves +€926,026
up €926,026 (+86.7%), from €1.1m to €2.0m
- Short-term financial debts -€500,000
no longer reported in 2025 (was €500,000)
- Debts after one year -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Tax, wage and social debts +€89,816
up €89,816 (+507%), from €17,712 to €107,528
of which Taxes: +€86,341
Income statement
- Financial income +€1.3m
up €1.3m (+62,238%), from €2,068 to €1.3m
- Taxes +€94,081
up €94,081 (+123%), from €76,330 to €170,411
- Gross operating margin -€72,600
down €72,600 (-18.2%), from €398,765 to €326,165
- Staff costs +€16,848
up €16,848 (+29.8%), from €56,591 to €73,439
- Depreciation +€16,340
up €16,340 (+33.9%), from €48,163 to €64,503
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.
Result 2024
€174,411
Gross operating margin
-€72,600
Staff costs
-€16,848
Depreciation
-€16,340
Other operating charges
-€7,378
Financial income
+€1.3m
Financial charges
+€15,489
Taxes
-€94,081
Result 2025
€1.3m
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
-€93,174
Financing
-€943,400
Cash 2024
€614,132
From operations (derived)
+€1.2m
Net result for the year
+€1.3m
Depreciation
+€64,503
Receivables after one year
-€153,314
Receivables within one year
-€10,812
Smaller working-capital items
-€2,882
Trade debts
-€8,279
Tax, wage and social debts
+€89,816
Accrued charges and deferred income
-€7,307
Investment (derived)
-€93,174
Investment in fixed assets (net)
-€93,174
Financing
-€943,400
Debts after one year
-€100,000
Short-term financial debts
-€500,000
Contributions, distributions and other
-€343,400
Cash 2025
€818,709
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,924,839 | €4,322,060 | +€397,221 | +10.1% |
| Fixed assets | 21/28 | €2,564,309 | €2,592,980 | +€28,671 | +1.1% |
| Tangible fixed assets | 22/27 | €89,284 | €117,955 | +€28,671 | +32.1% |
| Plant, machinery and equipment | 23 | €562 | - | -€562 | |
| Furniture and vehicles | 24 | €88,722 | €117,955 | +€29,233 | +32.9% |
| Financial fixed assets | 28 | €2,475,025 | €2,475,025 | = | 0.0% |
| Current assets | 29/58 | €1,360,530 | €1,729,080 | +€368,550 | +27.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €353,314 | +€153,314 | +76.7% |
| Other amounts receivable | 291 | €200,000 | €353,314 | +€153,314 | +76.7% |
| Amounts receivable within one year | 40/41 | €39,213 | €50,024 | +€10,812 | +27.6% |
| Trade receivables | 40 | €26,255 | €1,888 | -€24,367 | -92.8% |
| Other amounts receivable | 41 | €12,958 | €48,136 | +€35,179 | +271% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €614,132 | €818,709 | +€204,577 | +33.3% |
| Deferred charges and accrued income | 490/1 | €7,185 | €7,033 | -€153 | -2.1% |
| Total equity and liabilities | 10/49 | €3,924,839 | €4,322,060 | +€397,221 | +10.1% |
| Equity | 10/15 | €2,856,099 | €3,782,126 | +€926,026 | +32.4% |
| Contributions | 10/11 | €1,994,260 | €1,994,260 | = | 0.0% |
| Reserves | 13 | €1,068,073 | €1,994,099 | +€926,026 | +86.7% |
| Distributable reserves | 133 | €1,068,073 | €1,994,099 | +€926,026 | +86.7% |
| Profit (loss) carried forward | 14 | -€206,234 | -€206,234 | = | 0.0% |
| Amounts payable | 17/49 | €1,068,739 | €539,934 | -€528,805 | -49.5% |
| Amounts payable after more than one year | 17 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Financial debts | 170/4 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Amounts payable within one year | 42/48 | €749,038 | €327,540 | -€421,498 | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 43 | €500,000 | - | -€500,000 | |
| Credit institutions | 430/8 | €500,000 | - | -€500,000 | |
| Trade debts | 44 | €13,153 | €4,874 | -€8,279 | -62.9% |
| Suppliers | 440/4 | €13,153 | €4,874 | -€8,279 | -62.9% |
| Taxes, remuneration and social security | 45 | €17,712 | €107,528 | +€89,816 | +507% |
| Taxes | 450/3 | €4,981 | €91,322 | +€86,341 | +1,733% |
| Remuneration and social security | 454/9 | €12,731 | €16,205 | +€3,474 | +27.3% |
| Other amounts payable | 47/48 | €18,173 | €15,138 | -€3,034 | -16.7% |
| Accrued charges and deferred income | 492/3 | €19,702 | €12,395 | -€7,307 | -37.1% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €56,591 | €73,439 | +€16,848 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,163 | €64,503 | +€16,340 | +33.9% |
| Other operating charges | 640/8 | €1,143 | €8,520 | +€7,378 | +646% |
| Gross operating margin | 9900 | €398,765 | €326,165 | -€72,600 | -18.2% |
| Operating profit (loss) | 9901 | €292,869 | €179,703 | -€113,166 | -38.6% |
| Financial income | 75/76B | €2,068 | €1,288,840 | +€1.3m | +62,238% |
| Recurring financial income | 75 | €2,068 | €1,288,840 | +€1.3m | +62,238% |
| Financial charges | 65/66B | €44,196 | €28,707 | -€15,489 | -35.0% |
| Recurring financial charges | 65 | €44,196 | €28,707 | -€15,489 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €250,741 | €1,439,837 | +€1.2m | +474% |
| Income taxes | 67/77 | €76,330 | €170,411 | +€94,081 | +123% |
| Profit (loss) for the period | 9904 | €174,411 | €1,269,426 | +€1.1m | +628% |
| Profit (loss) for the period to be appropriated | 9905 | €174,411 | €1,269,426 | +€1.1m | +628% |
Next steps
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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 2 November 2026 via checked.be.