energypages: 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.
energypages
Largest movements
- Cash +€18,133
up €18,133 (+54.8%), from €33,063 to €51,196
mainly Net result for the year (+€14,581) and Receivables within one year (+€9,193)
- Receivables within one year -€9,193
down €9,193 (-54.2%), from €16,964 to €7,771
of which Trade receivables: -€11,301
- Tangible fixed assets +€1,671
up €1,671 (+106%), from €1,581 to €3,253
- Profit (loss) carried forward +€14,581
up €14,581 (+31.0%), from -€47,062 to -€32,481
- Tax, wage and social debts -€3,523
no longer reported in 2025 (was €3,523)
- Trade debts -€785
down €785 (-11.2%), from €7,010 to €6,225
- Gross operating margin -€22,450
down €22,450 (-57.1%), from €39,291 to €16,841
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 | €59,672 | €70,380 | +€10,708 | +17.9% |
| Fixed assets | 21/28 | €8,819 | €10,490 | +€1,671 | +19.0% |
| Tangible fixed assets | 22/27 | €1,581 | €3,253 | +€1,671 | +106% |
| Furniture and vehicles | 24 | €1,581 | €3,253 | +€1,671 | +106% |
| Financial fixed assets | 28 | €7,238 | €7,238 | = | 0.0% |
| Current assets | 29/58 | €50,853 | €59,890 | +€9,037 | +17.8% |
| Amounts receivable within one year | 40/41 | €16,964 | €7,771 | -€9,193 | -54.2% |
| Trade receivables | 40 | €16,964 | €5,663 | -€11,301 | -66.6% |
| Other amounts receivable | 41 | - | €2,108 | +€2,108 | |
| Cash at bank and in hand | 54/58 | €33,063 | €51,196 | +€18,133 | +54.8% |
| Deferred charges and accrued income | 490/1 | €826 | €922 | +€97 | +11.7% |
| Total equity and liabilities | 10/49 | €59,672 | €70,380 | +€10,708 | +17.9% |
| Equity | 10/15 | €49,138 | €63,719 | +€14,581 | +29.7% |
| Contributions | 10/11 | €96,200 | €96,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,062 | -€32,481 | +€14,581 | +31.0% |
| Amounts payable | 17/49 | €10,534 | €6,661 | -€3,872 | -36.8% |
| Amounts payable within one year | 42/48 | €10,534 | €6,262 | -€4,272 | -40.6% |
| Trade debts | 44 | €7,010 | €6,225 | -€785 | -11.2% |
| Suppliers | 440/4 | €7,010 | €6,225 | -€785 | -11.2% |
| Taxes, remuneration and social security | 45 | €3,523 | - | -€3,523 | |
| Taxes | 450/3 | €3,523 | - | -€3,523 | |
| Other amounts payable | 47/48 | - | €36 | +€36 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,635 | €1,574 | -€61 | -3.7% |
| Other operating charges | 640/8 | €502 | €400 | -€102 | -20.4% |
| Gross operating margin | 9900 | €39,291 | €16,841 | -€22,450 | -57.1% |
| Operating profit (loss) | 9901 | €37,154 | €14,867 | -€22,287 | -60.0% |
| Financial income | 75/76B | €1 | €0 | -€0 | -18.2% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -18.2% |
| Financial charges | 65/66B | €280 | €287 | +€7 | +2.4% |
| Recurring financial charges | 65 | €280 | €287 | +€7 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €36,874 | €14,581 | -€22,294 | -60.5% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -18.8% |
| Profit (loss) for the period | 9904 | €36,874 | €14,581 | -€22,294 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,874 | €14,581 | -€22,294 | -60.5% |
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 26 October 2026 via checked.be.