ET ENERGY: 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.
ET ENERGY
Largest movements
- Receivables within one year -€25,074
down €25,074 (-70.5%), from €35,542 to €10,468
of which Trade receivables: -€24,732
- Cash +€3,193
up €3,193 (+106%), from €3,020 to €6,213
mainly Receivables within one year (+€25,074) and Net result for the year (+€1,850)
- Deferred charges and accrued income -€650
down €650 (-100%), from €650 to €0
- Tangible fixed assets -€474
down €474 (-25.5%), from €1,862 to €1,388
- Trade debts -€24,855
down €24,855 (-94.5%), from €26,300 to €1,445
- Profit (loss) carried forward +€1,850
up €1,850 (+3.9%), from -€47,326 to -€45,476
- Gross operating margin +€48,839
up €48,839, from -€46,474 to €2,364
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.
Derived cash bridge
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 | €41,074 | €18,069 | -€23,005 | -56.0% |
| Fixed assets | 21/28 | €1,862 | €1,388 | -€474 | -25.5% |
| Tangible fixed assets | 22/27 | €1,862 | €1,388 | -€474 | -25.5% |
| Plant, machinery and equipment | 23 | €1,862 | €1,388 | -€474 | -25.5% |
| Current assets | 29/58 | €39,212 | €16,681 | -€22,531 | -57.5% |
| Amounts receivable within one year | 40/41 | €35,542 | €10,468 | -€25,074 | -70.5% |
| Trade receivables | 40 | €24,732 | €0 | -€24,732 | -100% |
| Other amounts receivable | 41 | €10,810 | €10,468 | -€342 | -3.2% |
| Cash at bank and in hand | 54/58 | €3,020 | €6,213 | +€3,193 | +106% |
| Deferred charges and accrued income | 490/1 | €650 | €0 | -€650 | -100% |
| Total equity and liabilities | 10/49 | €41,074 | €18,069 | -€23,005 | -56.0% |
| Equity | 10/15 | -€37,326 | -€35,476 | +€1,850 | +5.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,326 | -€45,476 | +€1,850 | +3.9% |
| Amounts payable | 17/49 | €78,400 | €53,545 | -€24,855 | -31.7% |
| Amounts payable within one year | 42/48 | €78,400 | €53,545 | -€24,855 | -31.7% |
| Trade debts | 44 | €26,300 | €1,445 | -€24,855 | -94.5% |
| Suppliers | 440/4 | €26,300 | €1,445 | -€24,855 | -94.5% |
| Other amounts payable | 47/48 | €52,100 | €52,100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €474 | -€35 | -6.9% |
| Other operating charges | 640/8 | €300 | €0 | -€300 | -100% |
| Gross operating margin | 9900 | -€46,474 | €2,364 | +€48,839 | |
| Operating profit (loss) | 9901 | -€47,284 | €1,890 | +€49,174 | |
| Financial income | 75/76B | €8 | €0 | -€8 | -100% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100% |
| Financial charges | 65/66B | €50 | €40 | -€10 | -19.2% |
| Recurring financial charges | 65 | €50 | €40 | -€10 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,326 | €1,850 | +€49,175 | |
| Profit (loss) for the period | 9904 | -€47,326 | €1,850 | +€49,175 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,326 | €1,850 | +€49,175 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.