EnergySavingSystems: what changed
What changed
EnergySavingSystems
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€175,817
2024 · €16,790+€159,027
Equity
€595,510
2024 · €419,693+€175,817
Cash
€231,392
2024 · €305,125-€73,733
Balance sheet total
€3.8m
2024 · €2.2m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€996,160
up €996,160 (+83.0%), from €1.2m to €2.2m
of which Land and buildings: +€938,208
- Deferred charges and accrued income +€401,075
up €401,075 (+18,765%), from €2,137 to €403,213
- Receivables within one year +€243,105
up €243,105 (+33.5%), from €726,552 to €969,656
of which Other amounts receivable: +€253,839
- Cash -€73,733
down €73,733 (-24.2%), from €305,125 to €231,392
mainly Investment in fixed assets (net) (-€1.1m) and Deferred charges and accrued income (-€401,075)
Equity and liabilities
- Debts after one year +€680,468
up €680,468 (+82.4%), from €826,234 to €1.5m
- Accrued charges and deferred income +€419,304
new in 2025: €419,304
- Other debts +€223,479
up €223,479 (+25.6%), from €872,593 to €1.1m
- Reserves +€175,817
up €175,817 (+48.0%), from €366,435 to €542,252
of which Tax-exempt reserves: +€153,598
- Provisions +€51,199
new in 2025: €51,199
Income statement
- Gross operating margin +€220,691
up €220,691 (+152%), from €145,024 to €365,715
- Financial charges +€179,968
up €179,968 (+638%), from €28,219 to €208,187
- Financial income +€149,668
up €149,668 (+10,655%), from €1,405 to €151,072
- Depreciation -€24,629
down €24,629 (-27.5%), from €89,656 to €65,027
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,790
Gross operating margin
+€220,691
Depreciation
+€24,629
Other operating charges
-€2,163
Financial income
+€149,668
Financial charges
-€179,968
Taxes
-€2,631
Deferred taxes and other
-€51,199
Result 2025
€175,817
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€320,599
Investment
-€1.1m
Financing
+€670,455
Cash 2024
€305,125
From operations (derived)
+€320,599
Net result for the year
+€175,817
Depreciation
+€65,027
Receivables within one year
-€243,105
Deferred charges and accrued income
-€401,075
Provisions
+€51,199
Trade debts
+€6,900
Tax, wage and social debts
+€23,053
Other debts
+€223,479
Accrued charges and deferred income
+€419,304
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Current investments
-€3,600
Financing
+€670,455
Debts after one year
+€680,468
Current portion of long-term debt
-€10,050
Short-term financial debts
+€38
Cash 2025
€231,392
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,237,078 | €3,807,285 | +€1.6m | +70.2% |
| Fixed assets | 21/28 | €1,203,264 | €2,199,424 | +€996,160 | +82.8% |
| Tangible fixed assets | 22/27 | €1,200,126 | €2,196,286 | +€996,160 | +83.0% |
| Land and buildings | 22 | €1,127,384 | €2,065,592 | +€938,208 | +83.2% |
| Plant, machinery and equipment | 23 | €37,631 | €21,423 | -€16,208 | -43.1% |
| Furniture and vehicles | 24 | €35,112 | €109,271 | +€74,159 | +211% |
| Financial fixed assets | 28 | €3,138 | €3,138 | = | 0.0% |
| Current assets | 29/58 | €1,033,814 | €1,607,861 | +€574,047 | +55.5% |
| Amounts receivable within one year | 40/41 | €726,552 | €969,656 | +€243,105 | +33.5% |
| Trade receivables | 40 | €132,990 | €122,255 | -€10,735 | -8.1% |
| Other amounts receivable | 41 | €593,562 | €847,401 | +€253,839 | +42.8% |
| Current investments | 50/53 | - | €3,600 | +€3,600 | |
| Cash at bank and in hand | 54/58 | €305,125 | €231,392 | -€73,733 | -24.2% |
| Deferred charges and accrued income | 490/1 | €2,137 | €403,213 | +€401,075 | +18,765% |
| Total equity and liabilities | 10/49 | €2,237,078 | €3,807,285 | +€1.6m | +70.2% |
| Equity | 10/15 | €419,693 | €595,510 | +€175,817 | +41.9% |
| Contributions | 10/11 | €53,258 | €53,258 | = | 0.0% |
| Reserves | 13 | €366,435 | €542,252 | +€175,817 | +48.0% |
| Tax-exempt reserves | 132 | - | €153,598 | +€153,598 | |
| Distributable reserves | 133 | €366,435 | €388,654 | +€22,219 | +6.1% |
| Provisions and deferred taxes | 16 | - | €51,199 | +€51,199 | |
| Deferred taxes | 168 | - | €51,199 | +€51,199 | |
| Amounts payable | 17/49 | €1,817,385 | €3,160,575 | +€1.3m | +73.9% |
| Amounts payable after more than one year | 17 | €826,234 | €1,506,702 | +€680,468 | +82.4% |
| Financial debts | 170/4 | €826,234 | €1,506,702 | +€680,468 | +82.4% |
| Amounts payable within one year | 42/48 | €991,151 | €1,234,569 | +€243,419 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €83,440 | €73,390 | -€10,050 | -12.0% |
| Financial debts | 43 | €5,207 | €5,245 | +€38 | +0.7% |
| Credit institutions | 430/8 | €5,207 | €5,245 | +€38 | +0.7% |
| Trade debts | 44 | €22,988 | €29,888 | +€6,900 | +30.0% |
| Suppliers | 440/4 | €22,988 | €29,888 | +€6,900 | +30.0% |
| Taxes, remuneration and social security | 45 | €6,922 | €29,974 | +€23,053 | +333% |
| Taxes | 450/3 | €6,922 | €29,974 | +€23,053 | +333% |
| Other amounts payable | 47/48 | €872,593 | €1,096,071 | +€223,479 | +25.6% |
| Accrued charges and deferred income | 492/3 | - | €419,304 | +€419,304 | |
| Non-recurring operating income | 76A | - | €212,296 | +€212,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,656 | €65,027 | -€24,629 | -27.5% |
| Other operating charges | 640/8 | €6,813 | €8,976 | +€2,163 | +31.8% |
| Gross operating margin | 9900 | €145,024 | €365,715 | +€220,691 | +152% |
| Operating profit (loss) | 9901 | €48,554 | €291,712 | +€243,157 | +501% |
| Financial income | 75/76B | €1,405 | €151,072 | +€149,668 | +10,655% |
| Recurring financial income | 75 | €1,405 | €151,072 | +€149,668 | +10,655% |
| Financial charges | 65/66B | €28,219 | €208,187 | +€179,968 | +638% |
| Recurring financial charges | 65 | €28,219 | €208,187 | +€179,968 | +638% |
| Profit (loss) for the period before taxes | 9903 | €21,740 | €234,597 | +€212,857 | +979% |
| Transfer from deferred taxes | 780 | - | €282 | +€282 | |
| Transfer to deferred taxes | 680 | - | €51,481 | +€51,481 | |
| Income taxes | 67/77 | €4,950 | €7,581 | +€2,631 | +53.1% |
| Profit (loss) for the period | 9904 | €16,790 | €175,817 | +€159,027 | +947% |
| Transfer from tax-exempt reserves | 789 | - | €846 | +€846 | |
| Transfer to tax-exempt reserves | 689 | - | €154,444 | +€154,444 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,790 | €22,219 | +€5,429 | +32.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.