Energy Together: 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 Together
Largest movements
- Cash +€820,049
up €820,049 (+312%), from €262,691 to €1.1m
mainly Trade debts (+€652,915) and Tax, wage and social debts (+€266,988)
- Receivables within one year +€236,468
up €236,468 (+75.1%), from €314,754 to €551,223
of which Trade receivables: +€181,533
- Intangible fixed assets +€132,691
new in 2025: €132,691
- Trade debts +€652,915
up €652,915 (+166%), from €393,271 to €1.0m
- Tax, wage and social debts +€266,988
up €266,988 (+279%), from €95,688 to €362,676
of which Taxes: +€253,091
- Other debts +€150,000
new in 2025: €150,000
- Profit (loss) carried forward +€67,751
up €67,751 (+49.6%), from -€136,514 to -€68,763
- Debts after one year +€31,378
up €31,378 (+33.0%), from €95,000 to €126,378
- Gross operating margin +€507,968
up €507,968, from -€135,985 to €371,983
- Write-downs +€155,071
new in 2025: €155,071
- Staff costs +€114,999
new in 2025: €114,999
- Financial charges +€24,548
up €24,548 (+6,192%), from €396 to €24,945
- Depreciation +€9,540
new in 2025: €9,540
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 | €602,445 | €1,777,105 | +€1.2m | +195% |
| Fixed assets | 21/28 | €25,000 | €143,142 | +€118,142 | +473% |
| Intangible fixed assets | 21 | - | €132,691 | +€132,691 | |
| Tangible fixed assets | 22/27 | - | €451 | +€451 | |
| Plant, machinery and equipment | 23 | - | €451 | +€451 | |
| Financial fixed assets | 28 | €25,000 | €10,000 | -€15,000 | -60.0% |
| Current assets | 29/58 | €577,445 | €1,633,962 | +€1.1m | +183% |
| Amounts receivable within one year | 40/41 | €314,754 | €551,223 | +€236,468 | +75.1% |
| Trade receivables | 40 | €312,523 | €494,056 | +€181,533 | +58.1% |
| Other amounts receivable | 41 | €2,231 | €57,166 | +€54,935 | +2,462% |
| Cash at bank and in hand | 54/58 | €262,691 | €1,082,740 | +€820,049 | +312% |
| Total equity and liabilities | 10/49 | €602,445 | €1,777,105 | +€1.2m | +195% |
| Equity | 10/15 | €18,486 | €86,237 | +€67,751 | +366% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,514 | -€68,763 | +€67,751 | +49.6% |
| Amounts payable | 17/49 | €583,959 | €1,690,868 | +€1.1m | +190% |
| Amounts payable after more than one year | 17 | €95,000 | €126,378 | +€31,378 | +33.0% |
| Financial debts | 170/4 | €95,000 | €126,378 | +€31,378 | +33.0% |
| Amounts payable within one year | 42/48 | €488,959 | €1,558,863 | +€1.1m | +219% |
| Trade debts | 44 | €393,271 | €1,046,187 | +€652,915 | +166% |
| Suppliers | 440/4 | €393,271 | €1,046,187 | +€652,915 | +166% |
| Taxes, remuneration and social security | 45 | €95,688 | €362,676 | +€266,988 | +279% |
| Taxes | 450/3 | €95,688 | €348,778 | +€253,091 | +264% |
| Remuneration and social security | 454/9 | - | €13,898 | +€13,898 | |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | - | €5,627 | +€5,627 | |
| Remuneration, social security and pensions | 62 | - | €114,999 | +€114,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,540 | +€9,540 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €155,071 | +€155,071 | |
| Other operating charges | 640/8 | €132 | €120 | -€12 | -9.1% |
| Non-recurring operating charges | 66A | - | €188 | +€188 | |
| Gross operating margin | 9900 | -€135,985 | €371,983 | +€507,968 | |
| Operating profit (loss) | 9901 | -€136,118 | €92,066 | +€228,183 | |
| Financial income | 75/76B | - | €630 | +€630 | |
| Recurring financial income | 75 | - | €630 | +€630 | |
| Financial charges | 65/66B | €396 | €24,945 | +€24,548 | +6,192% |
| Recurring financial charges | 65 | €396 | €24,945 | +€24,548 | +6,192% |
| Profit (loss) for the period before taxes | 9903 | -€136,514 | €67,751 | +€204,265 | |
| Profit (loss) for the period | 9904 | -€136,514 | €67,751 | +€204,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€136,514 | €67,751 | +€204,265 |
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 13 October 2026 via checked.be.