ENERGYBEL: 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.
ENERGYBEL
Largest movements
- Receivables within one year -€59,218
down €59,218 (-38.3%), from €154,559 to €95,341
of which Trade receivables: -€66,013
- Cash +€3,282
up €3,282 (+41.5%), from €7,912 to €11,194
mainly Receivables within one year (+€59,218) and Net result for the year (+€14,614)
- Trade debts -€63,604
down €63,604 (-54.6%), from €116,426 to €52,822
- Reserves +€14,614
up €14,614 (+784%), from €1,864 to €16,477
- Other debts -€4,313
no longer reported in 2025 (was €4,313)
- Debts after one year -€4,110
no longer reported in 2025 (was €4,110)
- Tax, wage and social debts +€3,957
up €3,957 (+89.4%), from €4,425 to €8,382
of which Remuneration and social security: +€2,181
- Gross operating margin +€40,475
up €40,475 (+408%), from €9,928 to €50,403
- Staff costs +€25,414
new in 2025: €25,414
- Taxes +€5,219
up €5,219 (+664%), from €786 to €6,006
- Other operating charges -€3,195
down €3,195 (-82.4%), from €3,879 to €684
- Financial charges -€1,060
down €1,060 (-34.9%), from €3,041 to €1,980
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 | €166,263 | €109,769 | -€56,494 | -34.0% |
| Fixed assets | 21/28 | €3,730 | €3,234 | -€496 | -13.3% |
| Tangible fixed assets | 22/27 | €3,730 | €3,234 | -€496 | -13.3% |
| Plant, machinery and equipment | 23 | €2,616 | €2,052 | -€563 | -21.5% |
| Furniture and vehicles | 24 | €1,115 | €1,181 | +€67 | +6.0% |
| Current assets | 29/58 | €162,533 | €106,536 | -€55,997 | -34.5% |
| Amounts receivable within one year | 40/41 | €154,559 | €95,341 | -€59,218 | -38.3% |
| Trade receivables | 40 | €141,950 | €75,938 | -€66,013 | -46.5% |
| Other amounts receivable | 41 | €12,609 | €19,404 | +€6,795 | +53.9% |
| Cash at bank and in hand | 54/58 | €7,912 | €11,194 | +€3,282 | +41.5% |
| Deferred charges and accrued income | 490/1 | €62 | - | -€62 | |
| Total equity and liabilities | 10/49 | €166,263 | €109,769 | -€56,494 | -34.0% |
| Equity | 10/15 | €29,841 | €44,455 | +€14,614 | +49.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,864 | €16,477 | +€14,614 | +784% |
| Distributable reserves | 133 | €1,864 | €16,477 | +€14,614 | +784% |
| Profit (loss) carried forward | 14 | €9,377 | €9,377 | = | 0.0% |
| Amounts payable | 17/49 | €136,422 | €65,315 | -€71,107 | -52.1% |
| Amounts payable after more than one year | 17 | €4,110 | - | -€4,110 | |
| Financial debts | 170/4 | €4,110 | - | -€4,110 | |
| Amounts payable within one year | 42/48 | €131,958 | €65,315 | -€66,643 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €6,793 | €4,110 | -€2,683 | -39.5% |
| Trade debts | 44 | €116,426 | €52,822 | -€63,604 | -54.6% |
| Suppliers | 440/4 | €116,426 | €52,822 | -€63,604 | -54.6% |
| Taxes, remuneration and social security | 45 | €4,425 | €8,382 | +€3,957 | +89.4% |
| Taxes | 450/3 | €4,425 | €6,201 | +€1,776 | +40.1% |
| Remuneration and social security | 454/9 | - | €2,181 | +€2,181 | |
| Other amounts payable | 47/48 | €4,313 | - | -€4,313 | |
| Accrued charges and deferred income | 492/3 | €354 | - | -€354 | |
| Remuneration, social security and pensions | 62 | - | €25,414 | +€25,414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €958 | €1,706 | +€748 | +78.1% |
| Other operating charges | 640/8 | €3,879 | €684 | -€3,195 | -82.4% |
| Gross operating margin | 9900 | €9,928 | €50,403 | +€40,475 | +408% |
| Operating profit (loss) | 9901 | €5,091 | €22,600 | +€17,509 | +344% |
| Financial income | 75/76B | €428 | €0 | -€428 | -100.0% |
| Recurring financial income | 75 | €428 | €0 | -€428 | -100.0% |
| Financial charges | 65/66B | €3,041 | €1,980 | -€1,060 | -34.9% |
| Recurring financial charges | 65 | €3,041 | €1,980 | -€1,060 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €2,479 | €20,619 | +€18,141 | +732% |
| Income taxes | 67/77 | €786 | €6,006 | +€5,219 | +664% |
| Profit (loss) for the period | 9904 | €1,692 | €14,614 | +€12,921 | +764% |
| Profit (loss) for the period to be appropriated | 9905 | €1,692 | €14,614 | +€12,921 | +764% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.