Energy Knights: 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 Knights
Largest movements
- Cash +€235,174
up €235,174 (+323%), from €72,707 to €307,880
mainly Trade debts (+€442,147) and Net result for the year (+€12,024)
- Receivables within one year +€221,256
up €221,256 (+1,612%), from €13,724 to €234,980
of which Trade receivables: +€149,915
- Trade debts +€442,147
up €442,147 (+1,779%), from €24,847 to €466,994
- Profit (loss) carried forward +€12,024
up €12,024 (+54.5%), from -€22,044 to -€10,020
- Gross operating margin +€37,106
up €37,106, from -€14,851 to €22,255
- Financial charges +€2,087
up €2,087 (+33.5%), from €6,233 to €8,320
- Depreciation +€1,068
up €1,068 (+115%), from €931 to €1,999
- Financial income +€354
up €354 (+32,499%), from €1 to €355
- Other operating charges +€238
up €238 (+793%), from €30 to €268
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 | €173,246 | €625,283 | +€452,037 | +261% |
| Formation expenses | 20 | €9,064 | €7,065 | -€1,999 | -22.1% |
| Fixed assets | 21/28 | €75,300 | €75,300 | = | 0.0% |
| Financial fixed assets | 28 | €75,300 | €75,300 | = | 0.0% |
| Current assets | 29/58 | €88,882 | €542,918 | +€454,036 | +511% |
| Stocks and contracts in progress | 3 | €57 | €57 | = | 0.0% |
| Stocks | 30/36 | €57 | €57 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,724 | €234,980 | +€221,256 | +1,612% |
| Trade receivables | 40 | €9,444 | €159,359 | +€149,915 | +1,587% |
| Other amounts receivable | 41 | €4,281 | €75,622 | +€71,341 | +1,667% |
| Cash at bank and in hand | 54/58 | €72,707 | €307,880 | +€235,174 | +323% |
| Deferred charges and accrued income | 490/1 | €2,394 | - | -€2,394 | |
| Total equity and liabilities | 10/49 | €173,246 | €625,283 | +€452,037 | +261% |
| Equity | 10/15 | -€19,044 | -€7,020 | +€12,024 | +63.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,044 | -€10,020 | +€12,024 | +54.5% |
| Amounts payable | 17/49 | €192,289 | €632,302 | +€440,013 | +229% |
| Amounts payable after more than one year | 17 | €165,000 | €165,000 | = | 0.0% |
| Financial debts | 170/4 | €165,000 | €165,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,847 | €467,302 | +€442,455 | +1,781% |
| Trade debts | 44 | €24,847 | €466,994 | +€442,147 | +1,779% |
| Suppliers | 440/4 | €24,847 | €466,994 | +€442,147 | +1,779% |
| Taxes, remuneration and social security | 45 | - | €309 | +€309 | |
| Taxes | 450/3 | - | €309 | +€309 | |
| Accrued charges and deferred income | 492/3 | €2,442 | - | -€2,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €1,999 | +€1,068 | +115% |
| Other operating charges | 640/8 | €30 | €268 | +€238 | +793% |
| Gross operating margin | 9900 | -€14,851 | €22,255 | +€37,106 | |
| Operating profit (loss) | 9901 | -€15,812 | €19,988 | +€35,800 | |
| Financial income | 75/76B | €1 | €355 | +€354 | +32,499% |
| Recurring financial income | 75 | €1 | €355 | +€354 | +32,499% |
| Financial charges | 65/66B | €6,233 | €8,320 | +€2,087 | +33.5% |
| Recurring financial charges | 65 | €6,233 | €8,320 | +€2,087 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,044 | €12,024 | +€34,067 | |
| Profit (loss) for the period | 9904 | -€22,044 | €12,024 | +€34,067 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,044 | €12,024 | +€34,067 |
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 30 October 2026 via checked.be.