ENERGY TECHNOLOGY: what changed
Two fiscal 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 TECHNOLOGY
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+14272.6%), from €8,417 to €1.2m
of which Other amounts receivable: +€1.2m
- Cash -€472,005
down €472,005 (-82.6%), from €571,213 to €99,208
mainly Receivables within one year (-€1.2m) and Debts after one year (-€510,771)
- Tangible fixed assets -€97,071
down €97,071 (-3.9%), from €2.5m to €2.4m
- Short-term financial debts +€1.2m
new in 2025: €1.2m
- Debts after one year -€510,771
down €510,771 (-45.6%), from €1.1m to €609,325
of which Other amounts payable: -€510,771
- Profit (loss) carried forward -€483,389
down €483,389 (-100.0%), from €483,389 to €0
- Reserves +€311,614
up €311,614 (+25.0%), from €1.2m to €1.6m
of which Non-distributable reserves: +€1.2m
- Other debts +€108,544
up €108,544 (+118.2%), from €91,841 to €200,385
- Gross operating margin -€790,004
down €790,004, from €753,536 to -€36,469
- Taxes -€92,171
down €92,171 (-100.0%), from €92,171 to €0
- Financial charges +€12,384
up €12,384 (+108.0%), from €11,469 to €23,852
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 | €3,082,885 | €3,713,690 | +€630,806 | +20.5% |
| Fixed assets | 21/28 | €2,501,838 | €2,404,768 | -€97,071 | -3.9% |
| Tangible fixed assets | 22/27 | €2,501,838 | €2,404,768 | -€97,071 | -3.9% |
| Land and buildings | 22 | €2,501,838 | €2,404,768 | -€97,071 | -3.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €581,046 | €1,308,923 | +€727,876 | +125.3% |
| Amounts receivable within one year | 40/41 | €8,417 | €1,209,715 | +€1.2m | +14272.6% |
| Trade receivables | 40 | €588 | €1,886 | +€1,298 | +220.7% |
| Other amounts receivable | 41 | €7,829 | €1,207,829 | +€1.2m | +15328.0% |
| Cash at bank and in hand | 54/58 | €571,213 | €99,208 | -€472,005 | -82.6% |
| Deferred charges and accrued income | 490/1 | €1,417 | €0 | -€1,417 | -100.0% |
| Total equity and liabilities | 10/49 | €3,082,885 | €3,713,690 | +€630,806 | +20.5% |
| Equity | 10/15 | €1,792,543 | €1,620,768 | -€171,775 | -9.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,247,154 | €1,558,768 | +€311,614 | +25.0% |
| Non-distributable reserves | 130/1 | €6,200 | €1,200,000 | +€1.2m | +19254.8% |
| Reserves not available under the articles | 1311 | €6,200 | €0 | -€6,200 | -100.0% |
| Financial assistance | 1313 | - | €1,200,000 | +€1.2m | |
| Tax-exempt reserves | 132 | €109,295 | €102,494 | -€6,801 | -6.2% |
| Distributable reserves | 133 | €1,131,660 | €256,274 | -€875,386 | -77.4% |
| Profit (loss) carried forward | 14 | €483,389 | €0 | -€483,389 | -100.0% |
| Provisions and deferred taxes | 16 | €36,432 | €34,165 | -€2,267 | -6.2% |
| Deferred taxes | 168 | €36,432 | €34,165 | -€2,267 | -6.2% |
| Amounts payable | 17/49 | €1,253,910 | €2,058,758 | +€804,848 | +64.2% |
| Amounts payable after more than one year | 17 | €1,120,096 | €609,325 | -€510,771 | -45.6% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €1,120,096 | €609,325 | -€510,771 | -45.6% |
| Amounts payable within one year | 42/48 | €112,653 | €1,419,302 | +€1.3m | +1159.9% |
| Financial debts | 43 | - | €1,200,000 | +€1.2m | |
| Credit institutions | 430/8 | - | €1,200,000 | +€1.2m | |
| Trade debts | 44 | €20,812 | €18,917 | -€1,895 | -9.1% |
| Suppliers | 440/4 | €20,812 | €18,917 | -€1,895 | -9.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €91,841 | €200,385 | +€108,544 | +118.2% |
| Accrued charges and deferred income | 492/3 | €21,160 | €30,131 | +€8,970 | +42.4% |
| Non-recurring operating income | 76A | €836,833 | €0 | -€836,833 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,071 | €97,071 | = | 0.0% |
| Other operating charges | 640/8 | €14,428 | €16,650 | +€2,223 | +15.4% |
| Non-recurring operating charges | 66A | €54,500 | €0 | -€54,500 | -100.0% |
| Gross operating margin | 9900 | €753,536 | -€36,469 | -€790,004 | |
| Operating profit (loss) | 9901 | €587,538 | -€150,190 | -€737,727 | |
| Financial income | 75/76B | €40 | €0 | -€40 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | = | |
| Non-recurring financial income | 76B | €40 | €0 | -€40 | -100.0% |
| Financial charges | 65/66B | €11,469 | €23,852 | +€12,384 | +108.0% |
| Recurring financial charges | 65 | €11,469 | €23,852 | +€12,384 | +108.0% |
| Profit (loss) for the period before taxes | 9903 | €576,109 | -€174,042 | -€750,151 | |
| Transfer from deferred taxes | 780 | €2,267 | €2,267 | = | 0.0% |
| Income taxes | 67/77 | €92,171 | €0 | -€92,171 | -100.0% |
| Profit (loss) for the period | 9904 | €486,205 | -€171,775 | -€657,980 | |
| Transfer from tax-exempt reserves | 789 | €6,801 | €6,801 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €493,006 | -€164,975 | -€657,980 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.