Energy4Circle: 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.
Energy4Circle
Largest movements
- Receivables within one year +€5,106
up €5,106 (+116.8%), from €4,371 to €9,476
- Cash +€3,970
up €3,970 (+426.1%), from €932 to €4,902
mainly Trade debts (+€25,115) and Other debts (+€13,000)
- Profit (loss) carried forward -€29,039
down €29,039 (-33.1%), from -€87,674 to -€116,713
- Trade debts +€25,115
up €25,115 (+768.2%), from €3,269 to €28,385
- Other debts +€13,000
up €13,000 (+25.7%), from €50,620 to €63,620
- Gross operating margin -€24,557
down €24,557 (-1082.7%), from -€2,268 to -€26,825
- Other operating charges +€1,444
new in 2025: €1,444
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 | €301,903 | €310,979 | +€9,076 | +3.0% |
| Fixed assets | 21/28 | €296,600 | €296,600 | = | 0.0% |
| Intangible fixed assets | 21 | €171,428 | €171,428 | = | 0.0% |
| Tangible fixed assets | 22/27 | €125,172 | €125,172 | = | 0.0% |
| Land and buildings | 22 | €125,172 | €125,172 | = | 0.0% |
| Current assets | 29/58 | €5,303 | €14,379 | +€9,076 | +171.2% |
| Amounts receivable within one year | 40/41 | €4,371 | €9,476 | +€5,106 | +116.8% |
| Other amounts receivable | 41 | €4,371 | €9,476 | +€5,106 | +116.8% |
| Cash at bank and in hand | 54/58 | €932 | €4,902 | +€3,970 | +426.1% |
| Total equity and liabilities | 10/49 | €301,903 | €310,979 | +€9,076 | +3.0% |
| Equity | 10/15 | €47,326 | €18,287 | -€29,039 | -61.4% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Capital | 10 | €135,000 | €135,000 | = | 0.0% |
| Issued capital | 100 | €135,000 | €135,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,674 | -€116,713 | -€29,039 | -33.1% |
| Amounts payable | 17/49 | €254,577 | €292,692 | +€38,115 | +15.0% |
| Amounts payable after more than one year | 17 | €200,688 | €200,688 | = | 0.0% |
| Financial debts | 170/4 | €200,688 | €200,688 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,889 | €92,004 | +€38,115 | +70.7% |
| Trade debts | 44 | €3,269 | €28,385 | +€25,115 | +768.2% |
| Suppliers | 440/4 | €3,269 | €28,385 | +€25,115 | +768.2% |
| Other amounts payable | 47/48 | €50,620 | €63,620 | +€13,000 | +25.7% |
| Other operating charges | 640/8 | - | €1,444 | +€1,444 | |
| Gross operating margin | 9900 | -€2,268 | -€26,825 | -€24,557 | -1082.7% |
| Operating profit (loss) | 9901 | -€2,268 | -€28,269 | -€26,001 | -1146.4% |
| Financial charges | 65/66B | €520 | €770 | +€250 | +48.1% |
| Recurring financial charges | 65 | €520 | €770 | +€250 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,788 | -€29,039 | -€26,251 | -941.5% |
| Profit (loss) for the period | 9904 | -€2,788 | -€29,039 | -€26,251 | -941.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,788 | -€29,039 | -€26,251 | -941.5% |
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 11 October 2026 via checked.be.