Enervalis: 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.
Enervalis
Largest movements
- Receivables within one year +€481,396
up €481,396 (+32.9%), from €1.5m to €1.9m
of which Trade receivables: +€533,661
- Cash -€236,759
down €236,759 (-15.0%), from €1.6m to €1.3m
mainly Receivables within one year (-€481,396) and Accrued charges and deferred income (-€125,092)
- Tangible fixed assets +€54,817
up €54,817 (+43.8%), from €125,028 to €179,845
of which Plant, machinery and equipment: +€71,012
- Deferred charges and accrued income +€54,522
up €54,522 (+31.9%), from €170,661 to €225,184
- Trade debts +€209,439
up €209,439 (+133%), from €158,005 to €367,443
- Tax, wage and social debts +€136,400
up €136,400 (+39.1%), from €349,295 to €485,694
of which Taxes: +€72,959
- Profit (loss) carried forward +€129,815
up €129,815 (+4.7%), from -€2.8m to -€2.7m
- Accrued charges and deferred income -€125,092
down €125,092 (-34.2%), from €365,754 to €240,662
- Gross operating margin +€1.0m
up €1.0m (+30.0%), from €3.4m to €4.4m
- Staff costs +€638,719
up €638,719 (+19.0%), from €3.4m to €4.0m
- Write-downs -€232,202
down €232,202, from €116,247 to -€115,955
- Other operating charges +€141,227
up €141,227 (+2,968%), from €4,758 to €145,986
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,413,836 | €3,764,397 | +€350,561 | +10.3% |
| Formation expenses | 20 | €1,881 | €438 | -€1,443 | -76.7% |
| Fixed assets | 21/28 | €195,000 | €247,845 | +€52,845 | +27.1% |
| Tangible fixed assets | 22/27 | €125,028 | €179,845 | +€54,817 | +43.8% |
| Land and buildings | 22 | €1,879 | €1,463 | -€416 | -22.2% |
| Plant, machinery and equipment | 23 | €55,674 | €126,685 | +€71,012 | +128% |
| Furniture and vehicles | 24 | €67,475 | €51,697 | -€15,779 | -23.4% |
| Financial fixed assets | 28 | €69,972 | €68,000 | -€1,972 | -2.8% |
| Current assets | 29/58 | €3,216,955 | €3,516,114 | +€299,159 | +9.3% |
| Amounts receivable within one year | 40/41 | €1,463,812 | €1,945,209 | +€481,396 | +32.9% |
| Trade receivables | 40 | €1,209,344 | €1,743,005 | +€533,661 | +44.1% |
| Other amounts receivable | 41 | €254,468 | €202,204 | -€52,265 | -20.5% |
| Cash at bank and in hand | 54/58 | €1,582,482 | €1,345,722 | -€236,759 | -15.0% |
| Deferred charges and accrued income | 490/1 | €170,661 | €225,184 | +€54,522 | +31.9% |
| Total equity and liabilities | 10/49 | €3,413,836 | €3,764,397 | +€350,561 | +10.3% |
| Equity | 10/15 | €2,540,782 | €2,670,597 | +€129,815 | +5.1% |
| Contributions | 10/11 | €4,793,651 | €4,793,651 | = | 0.0% |
| Capital | 10 | €4,793,651 | €4,793,651 | = | 0.0% |
| Issued capital | 100 | €4,793,651 | €4,793,651 | = | 0.0% |
| Reserves | 13 | €536,716 | €536,716 | = | 0.0% |
| Non-distributable reserves | 130/1 | €108,225 | €108,225 | = | 0.0% |
| Reserves not available under the articles | 1311 | €108,225 | €108,225 | = | 0.0% |
| Tax-exempt reserves | 132 | €428,034 | €428,034 | = | 0.0% |
| Distributable reserves | 133 | €457 | €457 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,789,584 | -€2,659,769 | +€129,815 | +4.7% |
| Amounts payable | 17/49 | €873,053 | €1,093,800 | +€220,746 | +25.3% |
| Amounts payable within one year | 42/48 | €507,299 | €853,138 | +€345,838 | +68.2% |
| Trade debts | 44 | €158,005 | €367,443 | +€209,439 | +133% |
| Suppliers | 440/4 | €158,005 | €367,443 | +€209,439 | +133% |
| Taxes, remuneration and social security | 45 | €349,295 | €485,694 | +€136,400 | +39.1% |
| Taxes | 450/3 | €1,886 | €74,845 | +€72,959 | +3,869% |
| Remuneration and social security | 454/9 | €347,409 | €410,850 | +€63,441 | +18.3% |
| Accrued charges and deferred income | 492/3 | €365,754 | €240,662 | -€125,092 | -34.2% |
| Non-recurring operating income | 76A | €1,644 | - | -€1,644 | |
| Remuneration, social security and pensions | 62 | €3,365,352 | €4,004,071 | +€638,719 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,056 | €62,683 | +€23,627 | +60.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €116,247 | -€115,955 | -€232,202 | |
| Other operating charges | 640/8 | €4,758 | €145,986 | +€141,227 | +2,968% |
| Non-recurring operating charges | 66A | €22,985 | €63,100 | +€40,114 | +175% |
| Gross operating margin | 9900 | €3,352,654 | €4,358,302 | +€1.0m | +30.0% |
| Operating profit (loss) | 9901 | -€195,744 | €198,418 | +€394,162 | |
| Financial income | 75/76B | €292 | - | -€292 | |
| Recurring financial income | 75 | €292 | - | -€292 | |
| Financial charges | 65/66B | €25,608 | €52,423 | +€26,815 | +105% |
| Recurring financial charges | 65 | €25,608 | €47,314 | +€21,705 | +84.8% |
| Non-recurring financial charges | 66B | - | €5,109 | +€5,109 | |
| Profit (loss) for the period before taxes | 9903 | -€221,061 | €145,995 | +€367,056 | |
| Income taxes | 67/77 | €149 | €16,180 | +€16,031 | +10,767% |
| Profit (loss) for the period | 9904 | -€221,210 | €129,815 | +€351,025 | |
| Profit (loss) for the period to be appropriated | 9905 | -€221,210 | €129,815 | +€351,025 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.