EURONERGIES: 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.
EURONERGIES
Largest movements
- Receivables within one year +€12,852
up €12,852 (+6.7%), from €190,963 to €203,815
of which Other amounts receivable: +€10,476
- Tangible fixed assets -€8,831
down €8,831 (-7.5%), from €117,142 to €108,311
of which Land and buildings: -€6,151
- Cash -€4,810
down €4,810 (-96.0%), from €5,012 to €202
mainly Trade debts (-€30,030) and Other debts (-€20,166)
- Reserves +€39,270
up €39,270 (+55.6%), from €70,610 to €109,880
of which Distributable reserves: +€39,270
- Trade debts -€30,030
down €30,030 (-78.8%), from €38,111 to €8,081
- Other debts -€20,166
down €20,166 (-27.0%), from €74,637 to €54,472
- Debts after one year -€14,269
down €14,269 (-28.7%), from €49,648 to €35,379
- Tax, wage and social debts +€13,716
up €13,716 (+133%), from €10,324 to €24,039
of which Taxes: +€17,884
- Gross operating margin +€48,559
up €48,559 (+164%), from €29,542 to €78,101
- Staff costs -€28,309
down €28,309 (-87.8%), from €32,236 to €3,927
- Taxes +€17,979
up €17,979 (+5,692%), from €316 to €18,295
- Financial charges +€941
up €941 (+13.6%), from €6,933 to €7,875
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 | €321,175 | €319,601 | -€1,574 | -0.5% |
| Fixed assets | 21/28 | €124,142 | €115,311 | -€8,831 | -7.1% |
| Tangible fixed assets | 22/27 | €117,142 | €108,311 | -€8,831 | -7.5% |
| Land and buildings | 22 | €106,422 | €100,271 | -€6,151 | -5.8% |
| Plant, machinery and equipment | 23 | €10,720 | €8,040 | -€2,680 | -25.0% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €197,033 | €204,290 | +€7,256 | +3.7% |
| Amounts receivable within one year | 40/41 | €190,963 | €203,815 | +€12,852 | +6.7% |
| Trade receivables | 40 | €116,538 | €118,913 | +€2,375 | +2.0% |
| Other amounts receivable | 41 | €74,425 | €84,902 | +€10,476 | +14.1% |
| Cash at bank and in hand | 54/58 | €5,012 | €202 | -€4,810 | -96.0% |
| Deferred charges and accrued income | 490/1 | €1,058 | €273 | -€785 | -74.2% |
| Total equity and liabilities | 10/49 | €321,175 | €319,601 | -€1,574 | -0.5% |
| Equity | 10/15 | €132,248 | €170,953 | +€38,704 | +29.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €70,610 | €109,880 | +€39,270 | +55.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €68,750 | €108,020 | +€39,270 | +57.1% |
| Profit (loss) carried forward | 14 | €42,717 | €42,718 | +€1 | 0.0% |
| Investment grants | 15 | €6,522 | €5,955 | -€567 | -8.7% |
| Amounts payable | 17/49 | €188,927 | €148,648 | -€40,279 | -21.3% |
| Amounts payable after more than one year | 17 | €49,648 | €35,379 | -€14,269 | -28.7% |
| Financial debts | 170/4 | €49,648 | €35,379 | -€14,269 | -28.7% |
| Amounts payable within one year | 42/48 | €139,279 | €113,269 | -€26,010 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €13,706 | €24,176 | +€10,470 | +76.4% |
| Trade debts | 44 | €38,111 | €8,081 | -€30,030 | -78.8% |
| Suppliers | 440/4 | €38,111 | €8,081 | -€30,030 | -78.8% |
| Advances received on contracts in progress | 46 | €2,500 | €2,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,324 | €24,039 | +€13,716 | +133% |
| Taxes | 450/3 | €5,979 | €23,863 | +€17,884 | +299% |
| Remuneration and social security | 454/9 | €4,345 | €176 | -€4,169 | -95.9% |
| Other amounts payable | 47/48 | €74,637 | €54,472 | -€20,166 | -27.0% |
| Remuneration, social security and pensions | 62 | €32,236 | €3,927 | -€28,309 | -87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,831 | €8,831 | = | 0.0% |
| Other operating charges | 640/8 | €3,490 | €3,801 | +€311 | +8.9% |
| Gross operating margin | 9900 | €29,542 | €78,101 | +€48,559 | +164% |
| Operating profit (loss) | 9901 | -€15,015 | €61,542 | +€76,557 | |
| Financial income | 75/76B | €3,320 | €3,899 | +€579 | +17.4% |
| Recurring financial income | 75 | €3,320 | €3,899 | +€579 | +17.4% |
| Financial charges | 65/66B | €6,933 | €7,875 | +€941 | +13.6% |
| Recurring financial charges | 65 | €6,933 | €7,875 | +€941 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,628 | €57,566 | +€76,195 | |
| Income taxes | 67/77 | €316 | €18,295 | +€17,979 | +5,692% |
| Profit (loss) for the period | 9904 | -€18,944 | €39,271 | +€58,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,944 | €39,271 | +€58,216 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.