ENERTRADE: 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.
ENERTRADE
Largest movements
- Cash -€77,376
down €77,376 (-67.9%), from €114,025 to €36,649
mainly Other debts (-€34,832) and Net result for the year (-€22,840)
- Receivables within one year +€21,833
up €21,833 (+126.1%), from €17,313 to €39,146
of which Other amounts receivable: +€22,075
- Tangible fixed assets -€10,635
down €10,635 (-3.0%), from €350,534 to €339,899
of which Land and buildings: -€11,224
- Other debts -€34,832
no longer reported in 2025 (was €34,832)
- Profit (loss) carried forward -€14,141
new in 2025: -€14,141
- Reserves -€8,700
down €8,700 (-3.5%), from €251,736 to €243,036
- Debts after one year -€8,536
down €8,536 (-13.9%), from €61,633 to €53,097
- Gross operating margin -€33,664
down €33,664, from €26,617 to -€7,047
- Depreciation +€11,848
new in 2025: €11,848
- Financial income +€826
up €826 (+4589.6%), from €18 to €844
- Financial charges -€528
down €528 (-24.1%), from €2,188 to €1,660
- Other operating charges +€479
up €479 (+19.0%), from €2,517 to €2,996
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 | €481,897 | €415,719 | -€66,178 | -13.7% |
| Fixed assets | 21/28 | €350,559 | €339,924 | -€10,635 | -3.0% |
| Tangible fixed assets | 22/27 | €350,534 | €339,899 | -€10,635 | -3.0% |
| Land and buildings | 22 | €350,423 | €339,199 | -€11,224 | -3.2% |
| Plant, machinery and equipment | 23 | - | €700 | +€700 | |
| Furniture and vehicles | 24 | €111 | - | -€111 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €131,338 | €75,795 | -€55,543 | -42.3% |
| Amounts receivable within one year | 40/41 | €17,313 | €39,146 | +€21,833 | +126.1% |
| Trade receivables | 40 | €242 | - | -€242 | |
| Other amounts receivable | 41 | €17,071 | €39,146 | +€22,075 | +129.3% |
| Cash at bank and in hand | 54/58 | €114,025 | €36,649 | -€77,376 | -67.9% |
| Total equity and liabilities | 10/49 | €481,897 | €415,719 | -€66,178 | -13.7% |
| Equity | 10/15 | €376,736 | €353,896 | -€22,840 | -6.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €251,736 | €243,036 | -€8,700 | -3.5% |
| Distributable reserves | 133 | €251,736 | €243,036 | -€8,700 | -3.5% |
| Profit (loss) carried forward | 14 | - | -€14,141 | -€14,141 | |
| Amounts payable | 17/49 | €105,161 | €61,823 | -€43,338 | -41.2% |
| Amounts payable after more than one year | 17 | €61,633 | €53,097 | -€8,536 | -13.9% |
| Financial debts | 170/4 | €61,633 | €53,097 | -€8,536 | -13.9% |
| Amounts payable within one year | 42/48 | €43,528 | €8,727 | -€34,801 | -80.0% |
| Financial debts | 43 | €8,341 | €8,536 | +€195 | +2.3% |
| Credit institutions | 430/8 | €8,341 | €8,536 | +€195 | +2.3% |
| Trade debts | 44 | €175 | €126 | -€49 | -28.2% |
| Suppliers | 440/4 | €175 | €126 | -€49 | -28.2% |
| Taxes, remuneration and social security | 45 | €180 | €65 | -€115 | -64.0% |
| Taxes | 450/3 | €180 | €65 | -€115 | -64.0% |
| Other amounts payable | 47/48 | €34,832 | - | -€34,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €11,848 | +€11,848 | |
| Other operating charges | 640/8 | €2,517 | €2,996 | +€479 | +19.0% |
| Gross operating margin | 9900 | €26,617 | -€7,047 | -€33,664 | |
| Operating profit (loss) | 9901 | €24,100 | -€21,891 | -€45,991 | |
| Financial income | 75/76B | €18 | €844 | +€826 | +4589.6% |
| Recurring financial income | 75 | €18 | €844 | +€826 | +4589.6% |
| Financial charges | 65/66B | €2,188 | €1,660 | -€528 | -24.1% |
| Recurring financial charges | 65 | €2,188 | €1,660 | -€528 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €21,930 | -€22,707 | -€44,637 | |
| Income taxes | 67/77 | €186 | €133 | -€53 | -28.3% |
| Profit (loss) for the period | 9904 | €21,744 | -€22,840 | -€44,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,744 | -€22,840 | -€44,584 |
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 7 October 2026 via checked.be.