ENERTHREE: 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.
ENERTHREE
Largest movements
- Cash +€777,456
up €777,456 (+969.0%), from €80,230 to €857,686
mainly Net result for the year (+€1.5m) and Trade debts (+€27,527)
- Financial fixed assets +€629,826
up €629,826 (+130.5%), from €482,674 to €1.1m
- Receivables within one year +€91,983
up €91,983 (+13.8%), from €668,467 to €760,450
of which Other amounts receivable: +€82,705
- Reserves +€1.5m
up €1.5m (+89.1%), from €1.7m to €3.1m
- Financial income +€1.4m
up €1.4m (+2951.2%), from €48,468 to €1.5m
of which Non-recurring financial income: +€1.4m
- Taxes +€3,097
up €3,097 (+18.0%), from €17,204 to €20,300
- Gross operating margin -€2,357
down €2,357 (-13.9%), from €16,927 to €14,571
- Other operating charges -€542
down €542 (-32.8%), from €1,651 to €1,108
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 | €1,677,774 | €3,192,712 | +€1.5m | +90.3% |
| Fixed assets | 21/28 | €510,251 | €1,140,077 | +€629,826 | +123.4% |
| Tangible fixed assets | 22/27 | €27,577 | €27,577 | = | 0.0% |
| Other tangible fixed assets | 26 | €27,577 | €27,577 | = | 0.0% |
| Financial fixed assets | 28 | €482,674 | €1,112,500 | +€629,826 | +130.5% |
| Current assets | 29/58 | €1,167,523 | €2,052,634 | +€885,112 | +75.8% |
| Amounts receivable after more than one year | 29 | €418,825 | €434,498 | +€15,673 | +3.7% |
| Other amounts receivable | 291 | €418,825 | €434,498 | +€15,673 | +3.7% |
| Amounts receivable within one year | 40/41 | €668,467 | €760,450 | +€91,983 | +13.8% |
| Trade receivables | 40 | €3,955 | €13,232 | +€9,277 | +234.6% |
| Other amounts receivable | 41 | €664,512 | €747,218 | +€82,705 | +12.4% |
| Cash at bank and in hand | 54/58 | €80,230 | €857,686 | +€777,456 | +969.0% |
| Total equity and liabilities | 10/49 | €1,677,774 | €3,192,712 | +€1.5m | +90.3% |
| Equity | 10/15 | €1,657,753 | €3,129,262 | +€1.5m | +88.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,651,553 | €3,123,062 | +€1.5m | +89.1% |
| Distributable reserves | 133 | €1,651,553 | €3,123,062 | +€1.5m | +89.1% |
| Amounts payable | 17/49 | €20,020 | €63,450 | +€43,429 | +216.9% |
| Amounts payable within one year | 42/48 | €19,431 | €62,851 | +€43,420 | +223.5% |
| Financial debts | 43 | €12,627 | €25,920 | +€13,293 | +105.3% |
| Credit institutions | 430/8 | €12,627 | €25,920 | +€13,293 | +105.3% |
| Trade debts | 44 | €6,741 | €34,268 | +€27,527 | +408.4% |
| Suppliers | 440/4 | €6,741 | €34,268 | +€27,527 | +408.4% |
| Taxes, remuneration and social security | 45 | €42 | €2,664 | +€2,622 | +6232.4% |
| Taxes | 450/3 | €42 | €2,664 | +€2,622 | +6232.4% |
| Other amounts payable | 47/48 | €21 | - | -€21 | |
| Accrued charges and deferred income | 492/3 | €589 | €598 | +€9 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | - | -€60 | |
| Other operating charges | 640/8 | €1,651 | €1,108 | -€542 | -32.8% |
| Gross operating margin | 9900 | €16,927 | €14,571 | -€2,357 | -13.9% |
| Operating profit (loss) | 9901 | €15,217 | €13,462 | -€1,755 | -11.5% |
| Financial income | 75/76B | €48,468 | €1,478,862 | +€1.4m | +2951.2% |
| Recurring financial income | 75 | €48,468 | €60,411 | +€11,943 | +24.6% |
| Non-recurring financial income | 76B | - | €1,418,451 | +€1.4m | |
| Financial charges | 65/66B | €511 | €516 | +€4 | +0.8% |
| Recurring financial charges | 65 | €511 | €516 | +€4 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €63,173 | €1,491,809 | +€1.4m | +2261.5% |
| Income taxes | 67/77 | €17,204 | €20,300 | +€3,097 | +18.0% |
| Profit (loss) for the period | 9904 | €45,970 | €1,471,509 | +€1.4m | +3101.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,970 | €1,471,509 | +€1.4m | +3101.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.