ENERGY GRADE: 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 GRADE
Largest movements
- Receivables within one year +€3,864
up €3,864 (+39.7%), from €9,727 to €13,591
- Tangible fixed assets -€2,170
down €2,170 (-93.7%), from €2,316 to €147
- Cash -€1,370
down €1,370 (-94.8%), from €1,446 to €75
mainly Other debts (-€6,279) and Net result for the year (-€4,349)
- Tax, wage and social debts +€7,376
up €7,376 (+269%), from €2,747 to €10,123
- Other debts -€6,279
down €6,279 (-22.0%), from €28,595 to €22,316
- Trade debts +€5,162
up €5,162 (+290%), from €1,778 to €6,940
- Profit (loss) carried forward -€4,349
down €4,349 (-15.9%), from -€27,417 to -€31,766
- Current portion of long-term debt -€1,586
no longer reported in 2025 (was €1,586)
- Depreciation -€3,176
down €3,176 (-59.4%), from €5,346 to €2,170
- Gross operating margin -€1,170
down €1,170 (-51.8%), from €2,258 to €1,088
- Financial charges +€1,152
up €1,152 (+60.5%), from €1,904 to €3,056
- Other operating charges -€448
down €448 (-87.6%), from €511 to €63
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 | €13,489 | €13,813 | +€324 | +2.4% |
| Fixed assets | 21/28 | €2,316 | €147 | -€2,170 | -93.7% |
| Tangible fixed assets | 22/27 | €2,316 | €147 | -€2,170 | -93.7% |
| Furniture and vehicles | 24 | €2,316 | €147 | -€2,170 | -93.7% |
| Current assets | 29/58 | €11,172 | €13,666 | +€2,494 | +22.3% |
| Amounts receivable within one year | 40/41 | €9,727 | €13,591 | +€3,864 | +39.7% |
| Trade receivables | 40 | €9,727 | €13,591 | +€3,864 | +39.7% |
| Cash at bank and in hand | 54/58 | €1,446 | €75 | -€1,370 | -94.8% |
| Total equity and liabilities | 10/49 | €13,489 | €13,813 | +€324 | +2.4% |
| Equity | 10/15 | -€21,217 | -€25,566 | -€4,349 | -20.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,417 | -€31,766 | -€4,349 | -15.9% |
| Amounts payable | 17/49 | €34,705 | €39,379 | +€4,674 | +13.5% |
| Amounts payable within one year | 42/48 | €34,705 | €39,379 | +€4,674 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €1,586 | - | -€1,586 | |
| Trade debts | 44 | €1,778 | €6,940 | +€5,162 | +290% |
| Suppliers | 440/4 | €1,778 | €6,940 | +€5,162 | +290% |
| Taxes, remuneration and social security | 45 | €2,747 | €10,123 | +€7,376 | +269% |
| Taxes | 450/3 | €2,747 | €10,123 | +€7,376 | +269% |
| Other amounts payable | 47/48 | €28,595 | €22,316 | -€6,279 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,346 | €2,170 | -€3,176 | -59.4% |
| Other operating charges | 640/8 | €511 | €63 | -€448 | -87.6% |
| Gross operating margin | 9900 | €2,258 | €1,088 | -€1,170 | -51.8% |
| Operating profit (loss) | 9901 | -€3,599 | -€1,145 | +€2,453 | +68.2% |
| Financial charges | 65/66B | €1,904 | €3,056 | +€1,152 | +60.5% |
| Recurring financial charges | 65 | €1,904 | €3,056 | +€1,152 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,503 | -€4,201 | +€1,302 | +23.7% |
| Income taxes | 67/77 | €143 | €148 | +€6 | +3.9% |
| Profit (loss) for the period | 9904 | -€5,645 | -€4,349 | +€1,296 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,645 | -€4,349 | +€1,296 | +23.0% |
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 18 October 2026 via checked.be.