Energy Systems Engineering: 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 Systems Engineering
Largest movements
- Cash +€35,202
up €35,202 (+54.4%), from €64,748 to €99,950
mainly Other debts (+€72,011) and Net result for the year (+€39,949)
- Receivables within one year +€5,329
up €5,329 (+29.8%), from €17,870 to €23,199
- Other debts +€72,011
up €72,011 (+2,542%), from €2,833 to €74,843
- Reserves -€32,300
down €32,300 (-22.0%), from €146,686 to €114,386
of which Distributable reserves: -€32,300
- Tax, wage and social debts +€2,769
up €2,769 (+42.1%), from €6,576 to €9,345
- Gross operating margin +€2,301
up €2,301 (+3.9%), from €58,378 to €60,679
- Depreciation +€724
up €724 (+129%), from €560 to €1,285
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 | €164,745 | €205,337 | +€40,592 | +24.6% |
| Fixed assets | 21/28 | €2,419 | €2,480 | +€61 | +2.5% |
| Tangible fixed assets | 22/27 | €2,419 | €2,480 | +€61 | +2.5% |
| Plant, machinery and equipment | 23 | €2,419 | €2,480 | +€61 | +2.5% |
| Current assets | 29/58 | €162,326 | €202,857 | +€40,531 | +25.0% |
| Amounts receivable within one year | 40/41 | €17,870 | €23,199 | +€5,329 | +29.8% |
| Trade receivables | 40 | €17,870 | €23,199 | +€5,329 | +29.8% |
| Current investments | 50/53 | €79,708 | €79,708 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,748 | €99,950 | +€35,202 | +54.4% |
| Total equity and liabilities | 10/49 | €164,745 | €205,337 | +€40,592 | +24.6% |
| Equity | 10/15 | €152,886 | €120,586 | -€32,300 | -21.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €146,686 | €114,386 | -€32,300 | -22.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €146,686 | €114,386 | -€32,300 | -22.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,859 | €84,751 | +€72,892 | +615% |
| Amounts payable within one year | 42/48 | €11,441 | €84,751 | +€73,310 | +641% |
| Trade debts | 44 | €2,033 | €563 | -€1,470 | -72.3% |
| Suppliers | 440/4 | €2,033 | €563 | -€1,470 | -72.3% |
| Taxes, remuneration and social security | 45 | €6,576 | €9,345 | +€2,769 | +42.1% |
| Taxes | 450/3 | €6,576 | €9,345 | +€2,769 | +42.1% |
| Other amounts payable | 47/48 | €2,833 | €74,843 | +€72,011 | +2,542% |
| Accrued charges and deferred income | 492/3 | €418 | €0 | -€418 | -100% |
| Remuneration, social security and pensions | 62 | €73 | €53 | -€20 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €560 | €1,285 | +€724 | +129% |
| Other operating charges | 640/8 | €1,110 | €1,075 | -€36 | -3.2% |
| Gross operating margin | 9900 | €58,378 | €60,679 | +€2,301 | +3.9% |
| Operating profit (loss) | 9901 | €56,635 | €58,267 | +€1,632 | +2.9% |
| Financial income | 75/76B | €1,222 | €1,067 | -€155 | -12.7% |
| Recurring financial income | 75 | €1,222 | €1,067 | -€155 | -12.7% |
| Financial charges | 65/66B | €44 | €56 | +€13 | +29.2% |
| Recurring financial charges | 65 | €44 | €56 | +€13 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €57,814 | €59,278 | +€1,464 | +2.5% |
| Income taxes | 67/77 | €18,801 | €19,329 | +€528 | +2.8% |
| Profit (loss) for the period | 9904 | €39,013 | €39,949 | +€936 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,013 | €39,949 | +€936 | +2.4% |
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 15 October 2026 via checked.be.