ENERGY SELECTION: 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 SELECTION
Largest movements
- Cash +€14,921
up €14,921 (+412.2%), from €3,620 to €18,541
mainly Stocks and contracts (+€9,502) and Net result for the year (+€7,382)
- Stocks and contracts -€9,502
no longer reported in 2025 (was €9,502)
- Receivables within one year +€7,817
up €7,817 (+185.6%), from €4,210 to €12,027
of which Trade receivables: +€7,439
- Tangible fixed assets +€2,429
up €2,429 (+32.2%), from €7,538 to €9,967
of which Furniture and vehicles: +€3,347
- Deferred charges and accrued income +€988
new in 2025: €988
- Reserves +€7,382
up €7,382 (+492.8%), from €1,498 to €8,881
- Tax, wage and social debts +€6,925
up €6,925 (+509.2%), from €1,360 to €8,285
of which Remuneration and social security: +€4,650
- Trade debts +€1,543
new in 2025: €1,543
- Other debts +€802
up €802 (+3.8%), from €21,213 to €22,015
- Gross operating margin +€9,450
up €9,450 (+153.1%), from €6,173 to €15,623
- Taxes +€2,411
up €2,411 (+413.6%), from €583 to €2,993
- Depreciation +€536
up €536 (+15.2%), from €3,535 to €4,071
- Other operating charges +€364
up €364 (+345.5%), from €106 to €470
- Staff costs +€175
up €175 (+38.7%), from €451 to €626
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.
Cash bridge derived
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 | €26,071 | €42,724 | +€16,653 | +63.9% |
| Fixed assets | 21/28 | €8,738 | €11,167 | +€2,429 | +27.8% |
| Tangible fixed assets | 22/27 | €7,538 | €9,967 | +€2,429 | +32.2% |
| Plant, machinery and equipment | 23 | €1,835 | €918 | -€918 | -50.0% |
| Furniture and vehicles | 24 | €5,703 | €9,049 | +€3,347 | +58.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €17,333 | €31,556 | +€14,224 | +82.1% |
| Stocks and contracts in progress | 3 | €9,502 | - | -€9,502 | |
| Stocks | 30/36 | €9,502 | - | -€9,502 | |
| Amounts receivable within one year | 40/41 | €4,210 | €12,027 | +€7,817 | +185.6% |
| Trade receivables | 40 | €4,190 | €11,630 | +€7,439 | +177.5% |
| Other amounts receivable | 41 | €20 | €397 | +€377 | +1887.1% |
| Cash at bank and in hand | 54/58 | €3,620 | €18,541 | +€14,921 | +412.2% |
| Deferred charges and accrued income | 490/1 | - | €988 | +€988 | |
| Total equity and liabilities | 10/49 | €26,071 | €42,724 | +€16,653 | +63.9% |
| Equity | 10/15 | €3,498 | €10,881 | +€7,382 | +211.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,498 | €8,881 | +€7,382 | +492.8% |
| Distributable reserves | 133 | €1,498 | €8,881 | +€7,382 | +492.8% |
| Amounts payable | 17/49 | €22,573 | €31,843 | +€9,270 | +41.1% |
| Amounts payable within one year | 42/48 | €22,573 | €31,843 | +€9,270 | +41.1% |
| Trade debts | 44 | - | €1,543 | +€1,543 | |
| Suppliers | 440/4 | - | €1,543 | +€1,543 | |
| Taxes, remuneration and social security | 45 | €1,360 | €8,285 | +€6,925 | +509.2% |
| Taxes | 450/3 | €1,360 | €3,635 | +€2,275 | +167.3% |
| Remuneration and social security | 454/9 | - | €4,650 | +€4,650 | |
| Other amounts payable | 47/48 | €21,213 | €22,015 | +€802 | +3.8% |
| Remuneration, social security and pensions | 62 | €451 | €626 | +€175 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,535 | €4,071 | +€536 | +15.2% |
| Other operating charges | 640/8 | €106 | €470 | +€364 | +345.5% |
| Gross operating margin | 9900 | €6,173 | €15,623 | +€9,450 | +153.1% |
| Operating profit (loss) | 9901 | €2,081 | €10,456 | +€8,375 | +402.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +7600.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +7600.0% |
| Financial charges | 65/66B | €0 | €81 | +€81 | +807900.0% |
| Recurring financial charges | 65 | €0 | €81 | +€81 | +807900.0% |
| Profit (loss) for the period before taxes | 9903 | €2,081 | €10,376 | +€8,295 | +398.6% |
| Income taxes | 67/77 | €583 | €2,993 | +€2,411 | +413.6% |
| Profit (loss) for the period | 9904 | €1,498 | €7,382 | +€5,884 | +392.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,498 | €7,382 | +€5,884 | +392.8% |
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 9 October 2026 via checked.be.