Energy Technics: 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 Technics
Largest movements
- Tangible fixed assets +€399,156
up €399,156 (+143%), from €278,940 to €678,096
of which Land and buildings: +€419,099
- Cash -€178,920
down €178,920 (-46.3%), from €386,726 to €207,806
mainly Investment in fixed assets (net) (-€442,658) and Contributions, distributions and other (-€209,633)
- Receivables within one year -€22,150
down €22,150 (-32.9%), from €67,394 to €45,245
of which Trade receivables: -€23,286
- Debts after one year +€132,402
up €132,402 (+111%), from €119,770 to €252,172
- Other debts +€79,727
up €79,727 (+1,114%), from €7,155 to €86,882
- Current portion of long-term debt +€18,889
up €18,889 (+49.8%), from €37,962 to €56,851
- Reserves -€16,931
down €16,931 (-2.8%), from €614,764 to €597,833
- Gross operating margin +€18,145
up €18,145 (+6.2%), from €292,817 to €310,963
- Depreciation +€14,696
up €14,696 (+51.0%), from €28,807 to €43,503
- Taxes -€6,768
down €6,768 (-9.6%), from €70,486 to €63,718
- Financial charges +€4,538
up €4,538 (+121%), from €3,750 to €8,288
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 | €809,031 | €1,014,103 | +€205,071 | +25.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €278,940 | €678,096 | +€399,156 | +143% |
| Tangible fixed assets | 22/27 | €278,940 | €678,096 | +€399,156 | +143% |
| Land and buildings | 22 | €205,252 | €624,351 | +€419,099 | +204% |
| Plant, machinery and equipment | 23 | €1,254 | €1,676 | +€422 | +33.7% |
| Furniture and vehicles | 24 | €2,596 | €1,663 | -€934 | -36.0% |
| Leasing and similar rights | 25 | €69,838 | €50,406 | -€19,432 | -27.8% |
| Current assets | 29/58 | €530,091 | €336,007 | -€194,084 | -36.6% |
| Stocks and contracts in progress | 3 | €7,548 | €7,345 | -€203 | -2.7% |
| Stocks | 30/36 | €7,548 | €7,345 | -€203 | -2.7% |
| Amounts receivable within one year | 40/41 | €67,394 | €45,245 | -€22,150 | -32.9% |
| Trade receivables | 40 | €65,378 | €42,092 | -€23,286 | -35.6% |
| Other amounts receivable | 41 | €2,016 | €3,152 | +€1,136 | +56.4% |
| Current investments | 50/53 | €68,423 | €72,912 | +€4,489 | +6.6% |
| Cash at bank and in hand | 54/58 | €386,726 | €207,806 | -€178,920 | -46.3% |
| Deferred charges and accrued income | 490/1 | - | €2,700 | +€2,700 | |
| Total equity and liabilities | 10/49 | €809,031 | €1,014,103 | +€205,071 | +25.3% |
| Equity | 10/15 | €619,764 | €602,833 | -€16,931 | -2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €614,764 | €597,833 | -€16,931 | -2.8% |
| Distributable reserves | 133 | €614,764 | €597,833 | -€16,931 | -2.8% |
| Amounts payable | 17/49 | €189,267 | €411,270 | +€222,003 | +117% |
| Amounts payable after more than one year | 17 | €119,770 | €252,172 | +€132,402 | +111% |
| Financial debts | 170/4 | €119,770 | €252,172 | +€132,402 | +111% |
| Amounts payable within one year | 42/48 | €60,527 | €151,234 | +€90,707 | +150% |
| Current portion of amounts payable after more than one year | 42 | €37,962 | €56,851 | +€18,889 | +49.8% |
| Trade debts | 44 | €8,354 | €4,409 | -€3,945 | -47.2% |
| Suppliers | 440/4 | €8,354 | €4,409 | -€3,945 | -47.2% |
| Taxes, remuneration and social security | 45 | €7,056 | €3,092 | -€3,964 | -56.2% |
| Taxes | 450/3 | €4,434 | €502 | -€3,932 | -88.7% |
| Remuneration and social security | 454/9 | €2,622 | €2,590 | -€33 | -1.2% |
| Other amounts payable | 47/48 | €7,155 | €86,882 | +€79,727 | +1,114% |
| Accrued charges and deferred income | 492/3 | €8,970 | €7,864 | -€1,107 | -12.3% |
| Non-recurring operating income | 76A | €4,093 | - | -€4,093 | |
| Remuneration, social security and pensions | 62 | €1,982 | €1,271 | -€711 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,807 | €43,503 | +€14,696 | +51.0% |
| Other operating charges | 640/8 | €1,449 | €2,316 | +€867 | +59.9% |
| Gross operating margin | 9900 | €292,817 | €310,963 | +€18,145 | +6.2% |
| Operating profit (loss) | 9901 | €260,579 | €263,873 | +€3,294 | +1.3% |
| Financial income | 75/76B | €543 | €835 | +€292 | +53.8% |
| Recurring financial income | 75 | €543 | €835 | +€292 | +53.8% |
| Financial charges | 65/66B | €3,750 | €8,288 | +€4,538 | +121% |
| Recurring financial charges | 65 | €3,750 | €8,288 | +€4,538 | +121% |
| Profit (loss) for the period before taxes | 9903 | €257,372 | €256,420 | -€952 | -0.4% |
| Income taxes | 67/77 | €70,486 | €63,718 | -€6,768 | -9.6% |
| Profit (loss) for the period | 9904 | €186,886 | €192,702 | +€5,816 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €186,886 | €192,702 | +€5,816 | +3.1% |
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 29 October 2026 via checked.be.