ENERLIETCH: 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.
ENERLIETCH
Largest movements
- Cash +€36,595
up €36,595 (+21.3%), from €171,902 to €208,497
mainly Other debts (+€52,496) and Net result for the year (+€47,792)
- Receivables within one year -€6,208
down €6,208 (-43.4%), from €14,294 to €8,085
of which Trade receivables: -€6,212
- Tangible fixed assets +€3,813
up €3,813 (+67.4%), from €5,661 to €9,474
of which Plant, machinery and equipment: +€4,771
- Other debts +€52,496
up €52,496 (+208%), from €25,185 to €77,681
- Profit (loss) carried forward -€43,671
down €43,671 (-29.6%), from €147,473 to €103,802
- Tax, wage and social debts +€29,488
up €29,488 (+269%), from €10,966 to €40,454
of which Taxes: +€29,488
- Trade debts -€3,316
down €3,316 (-61.4%), from €5,400 to €2,083
- Gross operating margin +€13,663
up €13,663 (+24.6%), from €55,633 to €69,296
- Taxes +€6,860
up €6,860 (+62.8%), from €10,919 to €17,779
- Depreciation +€1,719
up €1,719 (+266%), from €646 to €2,365
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 | €192,023 | €227,020 | +€34,996 | +18.2% |
| Fixed assets | 21/28 | €5,708 | €9,521 | +€3,813 | +66.8% |
| Tangible fixed assets | 22/27 | €5,661 | €9,474 | +€3,813 | +67.4% |
| Plant, machinery and equipment | 23 | €2,479 | €7,251 | +€4,771 | +192% |
| Furniture and vehicles | 24 | €3,181 | €2,223 | -€959 | -30.1% |
| Financial fixed assets | 28 | €48 | €48 | = | 0.0% |
| Current assets | 29/58 | €186,315 | €217,499 | +€31,184 | +16.7% |
| Amounts receivable within one year | 40/41 | €14,294 | €8,085 | -€6,208 | -43.4% |
| Trade receivables | 40 | €6,212 | €0 | -€6,212 | -100% |
| Other amounts receivable | 41 | €8,081 | €8,085 | +€4 | +0.1% |
| Cash at bank and in hand | 54/58 | €171,902 | €208,497 | +€36,595 | +21.3% |
| Deferred charges and accrued income | 490/1 | €119 | €916 | +€797 | +671% |
| Total equity and liabilities | 10/49 | €192,023 | €227,020 | +€34,996 | +18.2% |
| Equity | 10/15 | €150,473 | €106,802 | -€43,671 | -29.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,473 | €103,802 | -€43,671 | -29.6% |
| Amounts payable | 17/49 | €41,551 | €120,218 | +€78,667 | +189% |
| Amounts payable within one year | 42/48 | €41,551 | €120,218 | +€78,667 | +189% |
| Trade debts | 44 | €5,400 | €2,083 | -€3,316 | -61.4% |
| Suppliers | 440/4 | €5,400 | €2,083 | -€3,316 | -61.4% |
| Taxes, remuneration and social security | 45 | €10,966 | €40,454 | +€29,488 | +269% |
| Taxes | 450/3 | €10,966 | €40,454 | +€29,488 | +269% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €25,185 | €77,681 | +€52,496 | +208% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €646 | €2,365 | +€1,719 | +266% |
| Other operating charges | 640/8 | €664 | €873 | +€210 | +31.6% |
| Gross operating margin | 9900 | €55,633 | €69,296 | +€13,663 | +24.6% |
| Operating profit (loss) | 9901 | €54,324 | €66,058 | +€11,734 | +21.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,136 | €487 | -€649 | -57.1% |
| Recurring financial charges | 65 | €1,136 | €487 | -€649 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €53,188 | €65,571 | +€12,383 | +23.3% |
| Income taxes | 67/77 | €10,919 | €17,779 | +€6,860 | +62.8% |
| Profit (loss) for the period | 9904 | €42,269 | €47,792 | +€5,523 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,269 | €47,792 | +€5,523 | +13.1% |
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 31 October 2026 via checked.be.