ENERWIN: 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.
ENERWIN
Largest movements
- Receivables within one year +€354,347
up €354,347 (+56.5%), from €627,307 to €981,654
of which Trade receivables: +€340,018
- Cash +€52,194
up €52,194 (+13.6%), from €383,027 to €435,221
mainly Net result for the year (+€403,341) and Trade debts (+€264,184)
- Tangible fixed assets +€44,060
up €44,060 (+121.9%), from €36,131 to €80,191
of which Furniture and vehicles: +€24,866
- Stocks and contracts -€43,007
down €43,007 (-31.5%), from €136,455 to €93,448
- Profit (loss) carried forward +€403,341
up €403,341 (+155.5%), from €259,393 to €662,734
- Trade debts +€264,184
up €264,184 (+56.6%), from €466,683 to €730,867
- Advances received -€107,472
down €107,472 (-84.0%), from €128,008 to €20,536
- Other debts -€100,563
down €100,563 (-99.6%), from €100,965 to €403
- Tax, wage and social debts -€69,624
down €69,624 (-59.6%), from €116,820 to €47,196
of which Taxes: -€65,148
- Gross operating margin +€360,480
up €360,480 (+50.2%), from €718,609 to €1.1m
- Taxes +€79,139
up €79,139 (+103.1%), from €76,733 to €155,872
- Staff costs +€51,810
up €51,810 (+11.9%), from €435,962 to €487,771
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 | €1,200,192 | €1,609,834 | +€409,642 | +34.1% |
| Fixed assets | 21/28 | €40,828 | €83,952 | +€43,125 | +105.6% |
| Intangible fixed assets | 21 | €1,942 | €1,007 | -€935 | -48.2% |
| Tangible fixed assets | 22/27 | €36,131 | €80,191 | +€44,060 | +121.9% |
| Plant, machinery and equipment | 23 | €1,124 | €20,317 | +€19,194 | +1708.2% |
| Furniture and vehicles | 24 | €35,007 | €59,873 | +€24,866 | +71.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,755 | €2,755 | = | 0.0% |
| Current assets | 29/58 | €1,159,364 | €1,525,882 | +€366,518 | +31.6% |
| Stocks and contracts in progress | 3 | €136,455 | €93,448 | -€43,007 | -31.5% |
| Stocks | 30/36 | €136,455 | €93,448 | -€43,007 | -31.5% |
| Amounts receivable within one year | 40/41 | €627,307 | €981,654 | +€354,347 | +56.5% |
| Trade receivables | 40 | €595,472 | €935,490 | +€340,018 | +57.1% |
| Other amounts receivable | 41 | €31,835 | €46,164 | +€14,329 | +45.0% |
| Cash at bank and in hand | 54/58 | €383,027 | €435,221 | +€52,194 | +13.6% |
| Deferred charges and accrued income | 490/1 | €12,575 | €15,558 | +€2,983 | +23.7% |
| Total equity and liabilities | 10/49 | €1,200,192 | €1,609,834 | +€409,642 | +34.1% |
| Equity | 10/15 | €367,453 | €770,794 | +€403,341 | +109.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Distributable reserves | 133 | €101,860 | €101,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259,393 | €662,734 | +€403,341 | +155.5% |
| Amounts payable | 17/49 | €832,739 | €839,040 | +€6,302 | +0.8% |
| Amounts payable after more than one year | 17 | - | €23,059 | +€23,059 | |
| Financial debts | 170/4 | - | €23,059 | +€23,059 | |
| Amounts payable within one year | 42/48 | €832,739 | €815,044 | -€17,694 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,926 | +€8,926 | |
| Financial debts | 43 | €20,262 | €7,117 | -€13,145 | -64.9% |
| Credit institutions | 430/8 | €20,262 | €7,117 | -€13,145 | -64.9% |
| Trade debts | 44 | €466,683 | €730,867 | +€264,184 | +56.6% |
| Suppliers | 440/4 | €466,683 | €730,867 | +€264,184 | +56.6% |
| Advances received on contracts in progress | 46 | €128,008 | €20,536 | -€107,472 | -84.0% |
| Taxes, remuneration and social security | 45 | €116,820 | €47,196 | -€69,624 | -59.6% |
| Taxes | 450/3 | €86,749 | €21,600 | -€65,148 | -75.1% |
| Remuneration and social security | 454/9 | €30,071 | €25,595 | -€4,476 | -14.9% |
| Other amounts payable | 47/48 | €100,965 | €403 | -€100,563 | -99.6% |
| Accrued charges and deferred income | 492/3 | €0 | €937 | +€937 | |
| Remuneration, social security and pensions | 62 | €435,962 | €487,771 | +€51,810 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,212 | €16,095 | +€6,883 | +74.7% |
| Other operating charges | 640/8 | €5,910 | €7,252 | +€1,342 | +22.7% |
| Gross operating margin | 9900 | €718,609 | €1,079,088 | +€360,480 | +50.2% |
| Operating profit (loss) | 9901 | €267,525 | €567,970 | +€300,446 | +112.3% |
| Financial income | 75/76B | €2,507 | €3,626 | +€1,120 | +44.7% |
| Recurring financial income | 75 | €2,507 | €3,626 | +€1,120 | +44.7% |
| Financial charges | 65/66B | €11,776 | €12,384 | +€608 | +5.2% |
| Recurring financial charges | 65 | €11,776 | €12,384 | +€608 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €258,255 | €559,213 | +€300,957 | +116.5% |
| Income taxes | 67/77 | €76,733 | €155,872 | +€79,139 | +103.1% |
| Profit (loss) for the period | 9904 | €181,522 | €403,341 | +€221,818 | +122.2% |
| Profit (loss) for the period to be appropriated | 9905 | €181,522 | €403,341 | +€221,818 | +122.2% |
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 8 October 2026 via checked.be.