EUROPEAN COMMODITIES: 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.
What changed
EUROPEAN COMMODITIES
NACE 35.150, Electricity, gas, steam and air conditioning supply
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €155,027+€1.9m
Equity
€5.2m
2024 · €4.2m+€1.0m
Cash
€6.8m
2024 · €7.6m-€763,254
Balance sheet total
€25.0m
2024 · €18.2m+€6.8m
Largest movements
Assets
- Receivables within one year +€9.8m
up €9.8m (+187%), from €5.2m to €15.0m
of which Trade receivables: +€10.0m
- Deferred charges and accrued income -€1.3m
down €1.3m (-80.5%), from €1.6m to €320,305
- Cash -€763,254
down €763,254 (-10.1%), from €7.6m to €6.8m
mainly Receivables within one year (-€9.8m) and Debts after one year (-€2.3m)
- Intangible fixed assets -€639,786
down €639,786 (-33.7%), from €1.9m to €1.3m
- Current investments -€372,000
down €372,000 (-55.4%), from €671,880 to €299,880
of which Other investments: -€372,000
Equity and liabilities
- Trade debts +€9.4m
up €9.4m (+208%), from €4.5m to €14.0m
- Debts after one year -€2.3m
down €2.3m (-58.9%), from €3.9m to €1.6m
- Short-term financial debts -€1.8m
down €1.8m (-100%), from €1.8m to €0
of which Other loans: -€1.5m
- Reserves +€1.0m
up €1.0m (+71.6%), from €1.4m to €2.4m
of which Distributable reserves: +€915,642
- Tax, wage and social debts +€845,477
up €845,477 (+117%), from €721,632 to €1.6m
of which Taxes: +€727,443
Income statement
- Turnover +€44.5m
up €44.5m (+71.5%), from €62.3m to €106.8m
- Goods and materials +€40.7m
up €40.7m (+71.0%), from €57.3m to €98.0m
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.
Result 2024
€155,027
Turnover
+€44.5m
Other operating income
-€50,626
Goods and materials
-€40.7m
Services and other goods
-€523,468
Staff costs
-€258,204
Depreciation
-€58,992
Other operating charges
-€7,102
Other operating items
-€725,143
Financial income
-€64,609
Financial charges
+€84,776
Taxes
-€350,910
Result 2025
€2.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.2m
Investment
+€152,658
Financing
-€5.1m
Cash 2024
€7.6m
From operations (derived)
+€4.2m
Net result for the year
+€2.0m
Depreciation
+€792,204
Receivables within one year
-€9.8m
Deferred charges and accrued income
+€1.3m
Trade debts
+€9.4m
Tax, wage and social debts
+€845,477
Other debts
+€83,000
Accrued charges and deferred income
-€528,508
Investment (derived)
+€152,658
Investment in fixed assets (net)
-€219,342
Current investments
+€372,000
Financing
-€5.1m
Debts after one year
-€2.3m
Short-term financial debts
-€1.8m
Contributions, distributions and other
-€1.0m
Cash 2025
€6.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,238,782 | €24,996,833 | +€6.8m | +37.1% |
| Fixed assets | 21/28 | €3,126,495 | €2,553,634 | -€572,862 | -18.3% |
| Intangible fixed assets | 21 | €1,899,344 | €1,259,558 | -€639,786 | -33.7% |
| Tangible fixed assets | 22/27 | €16,440 | €18,889 | +€2,449 | +14.9% |
| Furniture and vehicles | 24 | €16,440 | €18,889 | +€2,449 | +14.9% |
| Financial fixed assets | 28 | €1,210,711 | €1,275,186 | +€64,476 | +5.3% |
| Other financial fixed assets | 284/8 | €1,210,711 | €1,275,186 | +€64,476 | +5.3% |
| Amounts receivable and cash guarantees | 285/8 | €1,210,711 | €1,275,186 | +€64,476 | +5.3% |
| Current assets | 29/58 | €15,112,287 | €22,443,199 | +€7.3m | +48.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,228,980 | €15,013,253 | +€9.8m | +187% |
| Trade receivables | 40 | €4,963,745 | €14,999,876 | +€10.0m | +202% |
| Other amounts receivable | 41 | €265,235 | €13,377 | -€251,858 | -95.0% |
| Current investments | 50/53 | €671,880 | €299,880 | -€372,000 | -55.4% |
| Own shares | 50 | €299,880 | €299,880 | = | 0.0% |
| Other investments | 51/53 | €372,000 | €0 | -€372,000 | -100% |
| Cash at bank and in hand | 54/58 | €7,573,015 | €6,809,761 | -€763,254 | -10.1% |
| Deferred charges and accrued income | 490/1 | €1,638,411 | €320,305 | -€1.3m | -80.5% |
| Total equity and liabilities | 10/49 | €18,238,782 | €24,996,833 | +€6.8m | +37.1% |
| Equity | 10/15 | €4,229,490 | €5,245,956 | +€1.0m | +24.0% |
| Contributions | 10/11 | €2,810,100 | €2,810,100 | = | 0.0% |
| Capital | 10 | €2,810,100 | €2,810,100 | = | 0.0% |
| Issued capital | 100 | €2,810,100 | €2,810,100 | = | 0.0% |
| Reserves | 13 | €1,419,390 | €2,435,856 | +€1.0m | +71.6% |
| Non-distributable reserves | 130/1 | €443,370 | €544,193 | +€100,823 | +22.7% |
| Legal reserve | 130 | €143,490 | €244,313 | +€100,823 | +70.3% |
| Own shares acquired | 1312 | €299,880 | €299,880 | = | 0.0% |
| Distributable reserves | 133 | €976,021 | €1,891,663 | +€915,642 | +93.8% |
| Amounts payable | 17/49 | €14,009,292 | €19,750,877 | +€5.7m | +41.0% |
| Amounts payable after more than one year | 17 | €3,940,000 | €1,620,000 | -€2.3m | -58.9% |
| Other amounts payable | 178/9 | €3,940,000 | €1,620,000 | -€2.3m | -58.9% |
| Amounts payable within one year | 42/48 | €9,523,466 | €18,113,559 | +€8.6m | +90.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,760,000 | €0 | -€1.8m | -100% |
| Credit institutions | 430/8 | €260,000 | €0 | -€260,000 | -100% |
| Other loans | 439 | €1,500,000 | €0 | -€1.5m | -100% |
| Trade debts | 44 | €4,533,834 | €13,955,450 | +€9.4m | +208% |
| Suppliers | 440/4 | €4,533,834 | €13,955,450 | +€9.4m | +208% |
| Taxes, remuneration and social security | 45 | €721,632 | €1,567,109 | +€845,477 | +117% |
| Taxes | 450/3 | €537,424 | €1,264,867 | +€727,443 | +135% |
| Remuneration and social security | 454/9 | €184,208 | €302,242 | +€118,034 | +64.1% |
| Other amounts payable | 47/48 | €2,508,000 | €2,591,000 | +€83,000 | +3.3% |
| Accrued charges and deferred income | 492/3 | €545,826 | €17,318 | -€528,508 | -96.8% |
| Operating income | 70/76A | €64,041,605 | €106,797,218 | +€42.8m | +66.8% |
| Turnover | 70 | €62,263,201 | €106,769,439 | +€44.5m | +71.5% |
| Other operating income | 74 | €78,404 | €27,778 | -€50,626 | -64.6% |
| Non-recurring operating income | 76A | €1,700,000 | €0 | -€1.7m | -100% |
| Operating charges | 60/66A | €63,775,702 | €104,339,132 | +€40.6m | +63.6% |
| Goods for resale, raw materials and consumables | 60 | €57,305,461 | €97,995,983 | +€40.7m | +71.0% |
| Purchases | 600/8 | €57,305,461 | €97,995,983 | +€40.7m | +71.0% |
| Services and other goods | 61 | €2,125,886 | €2,649,354 | +€523,468 | +24.6% |
| Remuneration, social security and pensions | 62 | €1,169,653 | €1,427,857 | +€258,204 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733,212 | €792,204 | +€58,992 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,679 | €14,781 | +€7,102 | +92.5% |
| Non-recurring operating charges | 66A | €2,433,811 | €1,458,953 | -€974,857 | -40.1% |
| Operating profit (loss) | 9901 | €265,904 | €2,458,085 | +€2.2m | +824% |
| Financial income | 75/76B | €146,147 | €81,538 | -€64,609 | -44.2% |
| Recurring financial income | 75 | €146,147 | €81,538 | -€64,609 | -44.2% |
| Income from current assets | 751 | €135,333 | €58,747 | -€76,586 | -56.6% |
| Other financial income | 752/9 | €10,814 | €22,791 | +€11,977 | +111% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €228,351 | €143,575 | -€84,776 | -37.1% |
| Recurring financial charges | 65 | €227,540 | €143,575 | -€83,965 | -36.9% |
| Debt charges | 650 | €122,356 | €103,606 | -€18,750 | -15.3% |
| Other financial charges | 652/9 | €105,184 | €39,969 | -€65,214 | -62.0% |
| Non-recurring financial charges | 66B | €811 | €0 | -€811 | -100% |
| Profit (loss) for the period before taxes | 9903 | €183,700 | €2,396,048 | +€2.2m | +1,204% |
| Income taxes | 67/77 | €28,673 | €379,582 | +€350,910 | +1,224% |
| Taxes | 670/3 | €28,673 | €379,582 | +€350,910 | +1,224% |
| Profit (loss) for the period | 9904 | €155,027 | €2,016,466 | +€1.9m | +1,201% |
| Profit (loss) for the period to be appropriated | 9905 | €155,027 | €2,016,466 | +€1.9m | +1,201% |
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 20 October 2026 via checked.be.