Energy Revolution: 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 Revolution
Largest movements
- Receivables within one year -€26,060
down €26,060 (-21.0%), from €123,802 to €97,742
of which Trade receivables: -€28,903
- Cash +€13,805
up €13,805 (+24.5%), from €56,378 to €70,182
mainly Other debts (+€182,167) and Receivables within one year (+€26,060)
- Other debts +€182,167
new in 2025: €182,167
- Accrued charges and deferred income -€148,000
down €148,000 (-99.9%), from €148,107 to €107
- Provisions -€27,500
no longer reported in 2025 (was €27,500)
- Trade debts -€18,860
down €18,860 (-34.5%), from €54,667 to €35,807
- Provisions -€55,000
down €55,000, from €27,500 to -€27,500
- Gross operating margin -€51,261
down €51,261, from €34,032 to -€17,230
- Other operating charges +€3,290
up €3,290 (+75.1%), from €4,382 to €7,673
- Financial charges -€1,148
down €1,148 (-71.6%), from €1,602 to €455
of which Non-recurring financial charges: -€1,104
- Depreciation +€1,092
up €1,092 (+123%), from €891 to €1,983
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 | €256,845 | €244,812 | -€12,033 | -4.7% |
| Fixed assets | 21/28 | €4,792 | €2,810 | -€1,983 | -41.4% |
| Tangible fixed assets | 22/27 | €4,792 | €2,810 | -€1,983 | -41.4% |
| Plant, machinery and equipment | 23 | €266 | - | -€266 | |
| Furniture and vehicles | 24 | €4,526 | €2,810 | -€1,717 | -37.9% |
| Current assets | 29/58 | €252,053 | €242,003 | -€10,050 | -4.0% |
| Stocks and contracts in progress | 3 | €62,341 | €62,911 | +€570 | +0.9% |
| Stocks | 30/36 | €62,341 | €62,911 | +€570 | +0.9% |
| Amounts receivable within one year | 40/41 | €123,802 | €97,742 | -€26,060 | -21.0% |
| Trade receivables | 40 | €109,945 | €81,042 | -€28,903 | -26.3% |
| Other amounts receivable | 41 | €13,857 | €16,701 | +€2,843 | +20.5% |
| Current investments | 50/53 | €6,250 | €6,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,378 | €70,182 | +€13,805 | +24.5% |
| Deferred charges and accrued income | 490/1 | €3,282 | €4,917 | +€1,635 | +49.8% |
| Total equity and liabilities | 10/49 | €256,845 | €244,812 | -€12,033 | -4.7% |
| Equity | 10/15 | €26,571 | €26,670 | +€99 | +0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,571 | €1,670 | +€99 | +6.3% |
| Provisions and deferred taxes | 16 | €27,500 | - | -€27,500 | |
| Provisions for liabilities and charges | 160/5 | €27,500 | - | -€27,500 | |
| Other liabilities and charges | 164/5 | €27,500 | - | -€27,500 | |
| Amounts payable | 17/49 | €202,774 | €218,142 | +€15,369 | +7.6% |
| Amounts payable within one year | 42/48 | €54,667 | €218,035 | +€163,369 | +299% |
| Trade debts | 44 | €54,667 | €35,807 | -€18,860 | -34.5% |
| Suppliers | 440/4 | €54,667 | €35,807 | -€18,860 | -34.5% |
| Taxes, remuneration and social security | 45 | - | €62 | +€62 | |
| Taxes | 450/3 | - | €62 | +€62 | |
| Other amounts payable | 47/48 | - | €182,167 | +€182,167 | |
| Accrued charges and deferred income | 492/3 | €148,107 | €107 | -€148,000 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €1,983 | +€1,092 | +123% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €27,500 | -€27,500 | -€55,000 | |
| Other operating charges | 640/8 | €4,382 | €7,673 | +€3,290 | +75.1% |
| Gross operating margin | 9900 | €34,032 | -€17,230 | -€51,261 | |
| Operating profit (loss) | 9901 | €1,259 | €615 | -€644 | -51.1% |
| Financial income | 75/76B | €738 | €0 | -€738 | -99.9% |
| Recurring financial income | 75 | €738 | €0 | -€738 | -99.9% |
| Financial charges | 65/66B | €1,602 | €455 | -€1,148 | -71.6% |
| Recurring financial charges | 65 | €198 | €155 | -€44 | -22.0% |
| Non-recurring financial charges | 66B | €1,404 | €300 | -€1,104 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €395 | €161 | -€234 | -59.2% |
| Income taxes | 67/77 | €93 | €62 | -€31 | -33.0% |
| Profit (loss) for the period | 9904 | €302 | €99 | -€203 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €302 | €99 | -€203 | -67.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.