Enervice: 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.
Enervice
Largest movements
- Receivables within one year -€217,193
down €217,193 (-17.0%), from €1.3m to €1.1m
of which Trade receivables: -€295,196
- Cash -€203,625
down €203,625 (-37.9%), from €537,877 to €334,252
mainly Accrued charges and deferred income (-€471,331) and Trade debts (-€147,999)
- Stocks and contracts -€150,565
down €150,565 (-17.8%), from €848,193 to €697,628
of which Stocks: -€124,054
- Deferred charges and accrued income +€124,679
up €124,679 (+990.7%), from €12,584 to €137,263
- Accrued charges and deferred income -€471,331
down €471,331 (-74.8%), from €629,926 to €158,595
- Short-term financial debts +€300,000
up €300,000 (+100.0%), from €300,000 to €600,000
- Trade debts -€147,999
down €147,999 (-17.3%), from €854,407 to €706,407
- Debts after one year -€110,662
down €110,662 (-31.5%), from €351,601 to €240,939
- Advances received -€57,212
down €57,212 (-100.0%), from €57,212 to €0
- Gross operating margin +€410,829
up €410,829 (+1356.6%), from €30,285 to €441,114
- Staff costs -€71,232
down €71,232 (-18.8%), from €379,601 to €308,370
- Financial charges -€21,870
down €21,870 (-34.2%), from €64,018 to €42,148
- Depreciation +€5,715
up €5,715 (+15.1%), from €37,886 to €43,601
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,793,784 | €2,337,435 | -€456,349 | -16.3% |
| Fixed assets | 21/28 | €115,309 | €105,664 | -€9,645 | -8.4% |
| Intangible fixed assets | 21 | €1,814 | €1,406 | -€408 | -22.5% |
| Tangible fixed assets | 22/27 | €94,531 | €85,294 | -€9,237 | -9.8% |
| Plant, machinery and equipment | 23 | €1,422 | €859 | -€563 | -39.6% |
| Furniture and vehicles | 24 | €93,109 | €84,435 | -€8,674 | -9.3% |
| Financial fixed assets | 28 | €18,964 | €18,964 | = | 0.0% |
| Current assets | 29/58 | €2,678,476 | €2,231,771 | -€446,705 | -16.7% |
| Stocks and contracts in progress | 3 | €848,193 | €697,628 | -€150,565 | -17.8% |
| Stocks | 30/36 | €812,074 | €688,020 | -€124,054 | -15.3% |
| Contracts in progress | 37 | €36,119 | €9,608 | -€26,511 | -73.4% |
| Amounts receivable within one year | 40/41 | €1,279,821 | €1,062,628 | -€217,193 | -17.0% |
| Trade receivables | 40 | €1,214,076 | €918,879 | -€295,196 | -24.3% |
| Other amounts receivable | 41 | €65,745 | €143,748 | +€78,003 | +118.6% |
| Cash at bank and in hand | 54/58 | €537,877 | €334,252 | -€203,625 | -37.9% |
| Deferred charges and accrued income | 490/1 | €12,584 | €137,263 | +€124,679 | +990.7% |
| Total equity and liabilities | 10/49 | €2,793,784 | €2,337,435 | -€456,349 | -16.3% |
| Equity | 10/15 | €432,998 | €476,820 | +€43,822 | +10.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €400,000 | €445,000 | +€45,000 | +11.3% |
| Distributable reserves | 133 | €400,000 | €445,000 | +€45,000 | +11.3% |
| Profit (loss) carried forward | 14 | €2,998 | €1,820 | -€1,178 | -39.3% |
| Amounts payable | 17/49 | €2,360,787 | €1,860,616 | -€500,171 | -21.2% |
| Amounts payable after more than one year | 17 | €351,601 | €240,939 | -€110,662 | -31.5% |
| Financial debts | 170/4 | €351,601 | €240,939 | -€110,662 | -31.5% |
| Amounts payable within one year | 42/48 | €1,379,260 | €1,461,081 | +€81,821 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €121,946 | €108,110 | -€13,835 | -11.3% |
| Financial debts | 43 | €300,000 | €600,000 | +€300,000 | +100.0% |
| Credit institutions | 430/8 | €300,000 | €600,000 | +€300,000 | +100.0% |
| Trade debts | 44 | €854,407 | €706,407 | -€147,999 | -17.3% |
| Suppliers | 440/4 | €854,407 | €706,407 | -€147,999 | -17.3% |
| Advances received on contracts in progress | 46 | €57,212 | €0 | -€57,212 | -100.0% |
| Taxes, remuneration and social security | 45 | €45,396 | €46,563 | +€1,167 | +2.6% |
| Taxes | 450/3 | €3,761 | €3,325 | -€436 | -11.6% |
| Remuneration and social security | 454/9 | €41,635 | €43,238 | +€1,603 | +3.8% |
| Other amounts payable | 47/48 | €299 | €0 | -€299 | -100.0% |
| Accrued charges and deferred income | 492/3 | €629,926 | €158,595 | -€471,331 | -74.8% |
| Remuneration, social security and pensions | 62 | €379,601 | €308,370 | -€71,232 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,886 | €43,601 | +€5,715 | +15.1% |
| Other operating charges | 640/8 | €2,612 | €6,025 | +€3,414 | +130.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €30,285 | €441,114 | +€410,829 | +1356.6% |
| Operating profit (loss) | 9901 | -€389,814 | €83,118 | +€472,933 | |
| Financial income | 75/76B | €1,773 | €3,577 | +€1,804 | +101.7% |
| Recurring financial income | 75 | €1,773 | €3,577 | +€1,804 | +101.7% |
| Financial charges | 65/66B | €64,018 | €42,148 | -€21,870 | -34.2% |
| Recurring financial charges | 65 | €64,018 | €42,148 | -€21,870 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€452,059 | €44,547 | +€496,606 | |
| Income taxes | 67/77 | €3,424 | €725 | -€2,699 | -78.8% |
| Profit (loss) for the period | 9904 | -€455,483 | €43,822 | +€499,305 | |
| Profit (loss) for the period to be appropriated | 9905 | -€455,483 | €43,822 | +€499,305 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.