Energy2Grow: 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.
Energy2Grow
Largest movements
- Current investments +€82,064
up €82,064 (+63.8%), from €128,714 to €210,778
- Receivables after one year +€82,042
new in 2025: €82,042
- Cash -€37,995
down €37,995 (-26.3%), from €144,471 to €106,475
mainly Current investments (-€82,064) and Receivables after one year (-€82,042)
- Tangible fixed assets +€17,913
up €17,913 (+60.4%), from €29,670 to €47,583
of which Furniture and vehicles: +€16,307
- Receivables within one year -€14,022
down €14,022 (-30.4%), from €46,162 to €32,140
of which Trade receivables: -€15,762
- Reserves +€128,529
up €128,529 (+51.1%), from €251,281 to €379,810
- Accrued charges and deferred income +€12,180
new in 2025: €12,180
- Tax, wage and social debts -€7,587
down €7,587 (-8.2%), from €93,044 to €85,457
- Gross operating margin -€16,037
down €16,037 (-8.0%), from €200,270 to €184,232
- Depreciation +€7,250
up €7,250 (+44.0%), from €16,492 to €23,742
- Financial income +€6,118
up €6,118 (+5,955%), from €103 to €6,221
- Taxes -€3,905
down €3,905 (-9.5%), from €41,061 to €37,156
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 | €349,016 | €481,829 | +€132,813 | +38.1% |
| Fixed assets | 21/28 | €29,670 | €47,583 | +€17,913 | +60.4% |
| Tangible fixed assets | 22/27 | €29,670 | €47,583 | +€17,913 | +60.4% |
| Plant, machinery and equipment | 23 | €1,073 | €2,680 | +€1,607 | +150% |
| Furniture and vehicles | 24 | €28,597 | €44,904 | +€16,307 | +57.0% |
| Current assets | 29/58 | €319,347 | €434,246 | +€114,899 | +36.0% |
| Amounts receivable after more than one year | 29 | - | €82,042 | +€82,042 | |
| Other amounts receivable | 291 | - | €82,042 | +€82,042 | |
| Amounts receivable within one year | 40/41 | €46,162 | €32,140 | -€14,022 | -30.4% |
| Trade receivables | 40 | €46,162 | €30,400 | -€15,762 | -34.1% |
| Other amounts receivable | 41 | - | €1,740 | +€1,740 | |
| Current investments | 50/53 | €128,714 | €210,778 | +€82,064 | +63.8% |
| Cash at bank and in hand | 54/58 | €144,471 | €106,475 | -€37,995 | -26.3% |
| Deferred charges and accrued income | 490/1 | €0 | €2,811 | +€2,811 | |
| Total equity and liabilities | 10/49 | €349,016 | €481,829 | +€132,813 | +38.1% |
| Equity | 10/15 | €254,281 | €382,810 | +€128,529 | +50.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €251,281 | €379,810 | +€128,529 | +51.1% |
| Distributable reserves | 133 | €251,281 | €379,810 | +€128,529 | +51.1% |
| Amounts payable | 17/49 | €94,735 | €99,019 | +€4,284 | +4.5% |
| Amounts payable within one year | 42/48 | €94,735 | €86,839 | -€7,897 | -8.3% |
| Trade debts | 44 | €1,408 | €1,381 | -€27 | -1.9% |
| Suppliers | 440/4 | €1,408 | €1,381 | -€27 | -1.9% |
| Taxes, remuneration and social security | 45 | €93,044 | €85,457 | -€7,587 | -8.2% |
| Taxes | 450/3 | €93,044 | €85,457 | -€7,587 | -8.2% |
| Other amounts payable | 47/48 | €284 | €0 | -€284 | -100% |
| Accrued charges and deferred income | 492/3 | - | €12,180 | +€12,180 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,492 | €23,742 | +€7,250 | +44.0% |
| Other operating charges | 640/8 | €663 | €952 | +€288 | +43.5% |
| Gross operating margin | 9900 | €200,270 | €184,232 | -€16,037 | -8.0% |
| Operating profit (loss) | 9901 | €183,114 | €159,538 | -€23,576 | -12.9% |
| Financial income | 75/76B | €103 | €6,221 | +€6,118 | +5,955% |
| Recurring financial income | 75 | €103 | €6,221 | +€6,118 | +5,955% |
| Financial charges | 65/66B | €146 | €75 | -€71 | -48.8% |
| Recurring financial charges | 65 | €146 | €75 | -€71 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €183,071 | €165,685 | -€17,386 | -9.5% |
| Income taxes | 67/77 | €41,061 | €37,156 | -€3,905 | -9.5% |
| Profit (loss) for the period | 9904 | €142,010 | €128,529 | -€13,481 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €142,010 | €128,529 | -€13,481 | -9.5% |
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 17 October 2026 via checked.be.