ENERGYN: 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.
ENERGYN
Largest movements
- Cash +€47,495
up €47,495 (+514.1%), from €9,238 to €56,733
mainly Net result for the year (+€77,686) and Other debts (+€25,991)
- Intangible fixed assets -€10,000
down €10,000 (-14.3%), from €70,000 to €60,000
- Receivables within one year -€6,030
down €6,030 (-40.2%), from €15,006 to €8,976
of which Other amounts receivable: -€8,023
- Tangible fixed assets -€5,134
down €5,134 (-24.4%), from €21,065 to €15,931
of which Furniture and vehicles: -€4,201
- Other debts +€25,991
up €25,991 (+288.5%), from €9,009 to €35,000
- Debts after one year -€11,293
down €11,293 (-41.7%), from €27,104 to €15,811
- Profit (loss) carried forward +€7,686
up €7,686 (+12.9%), from €59,520 to €67,206
- Tax, wage and social debts +€2,094
new in 2025: €2,094
- Gross operating margin +€78,867
up €78,867 (+193.3%), from €40,798 to €119,665
- Taxes +€16,431
up €16,431 (+290.2%), from €5,663 to €22,094
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 | €118,637 | €143,684 | +€25,048 | +21.1% |
| Fixed assets | 21/28 | €91,065 | €75,931 | -€15,134 | -16.6% |
| Intangible fixed assets | 21 | €70,000 | €60,000 | -€10,000 | -14.3% |
| Tangible fixed assets | 22/27 | €21,065 | €15,931 | -€5,134 | -24.4% |
| Furniture and vehicles | 24 | €13,581 | €9,380 | -€4,201 | -30.9% |
| Other tangible fixed assets | 26 | €7,484 | €6,551 | -€933 | -12.5% |
| Current assets | 29/58 | €27,572 | €67,753 | +€40,181 | +145.7% |
| Amounts receivable within one year | 40/41 | €15,006 | €8,976 | -€6,030 | -40.2% |
| Trade receivables | 40 | €1,145 | €3,138 | +€1,993 | +174.0% |
| Other amounts receivable | 41 | €13,861 | €5,838 | -€8,023 | -57.9% |
| Cash at bank and in hand | 54/58 | €9,238 | €56,733 | +€47,495 | +514.1% |
| Deferred charges and accrued income | 490/1 | €3,328 | €2,045 | -€1,283 | -38.6% |
| Total equity and liabilities | 10/49 | €118,637 | €143,684 | +€25,048 | +21.1% |
| Equity | 10/15 | €64,520 | €72,206 | +€7,686 | +11.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,520 | €67,206 | +€7,686 | +12.9% |
| Amounts payable | 17/49 | €54,116 | €71,478 | +€17,362 | +32.1% |
| Amounts payable after more than one year | 17 | €27,104 | €15,811 | -€11,293 | -41.7% |
| Financial debts | 170/4 | €27,104 | €15,811 | -€11,293 | -41.7% |
| Amounts payable within one year | 42/48 | €25,863 | €53,367 | +€27,505 | +106.3% |
| Current portion of amounts payable after more than one year | 42 | €14,212 | €14,647 | +€436 | +3.1% |
| Trade debts | 44 | €2,642 | €1,626 | -€1,016 | -38.5% |
| Suppliers | 440/4 | €2,642 | €1,626 | -€1,016 | -38.5% |
| Taxes, remuneration and social security | 45 | - | €2,094 | +€2,094 | |
| Taxes | 450/3 | - | €2,094 | +€2,094 | |
| Other amounts payable | 47/48 | €9,009 | €35,000 | +€25,991 | +288.5% |
| Accrued charges and deferred income | 492/3 | €1,150 | €2,300 | +€1,150 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,654 | €17,209 | +€555 | +3.3% |
| Other operating charges | 640/8 | €683 | €400 | -€283 | -41.4% |
| Gross operating margin | 9900 | €40,798 | €119,665 | +€78,867 | +193.3% |
| Operating profit (loss) | 9901 | €23,461 | €102,057 | +€78,595 | +335.0% |
| Financial income | 75/76B | €218 | €363 | +€145 | +66.3% |
| Recurring financial income | 75 | €218 | €363 | +€145 | +66.3% |
| Financial charges | 65/66B | €3,288 | €2,640 | -€648 | -19.7% |
| Recurring financial charges | 65 | €3,288 | €2,640 | -€648 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €20,392 | €99,780 | +€79,388 | +389.3% |
| Income taxes | 67/77 | €5,663 | €22,094 | +€16,431 | +290.2% |
| Profit (loss) for the period | 9904 | €14,729 | €77,686 | +€62,957 | +427.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,729 | €77,686 | +€62,957 | +427.4% |
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 7 October 2026 via checked.be.