FINERGY: 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.
FINERGY
Largest movements
- Receivables within one year -€85,740
down €85,740 (-92.6%), from €92,600 to €6,860
of which Other amounts receivable: -€85,944
- Debts after one year -€202,627
down €202,627 (-17.2%), from €1.2m to €974,461
- Reserves +€135,082
up €135,082 (+18.6%), from €728,140 to €863,222
- Financial income -€200,201
down €200,201 (-98.8%), from €202,699 to €2,498
- Depreciation -€35,267
down €35,267 (-82.5%), from €42,758 to €7,491
- Gross operating margin +€29,199
up €29,199 (+16.4%), from €177,526 to €206,726
- Taxes +€16,561
up €16,561 (+76.0%), from €21,799 to €38,361
- Financial charges -€2,136
down €2,136 (-7.3%), from €29,071 to €26,935
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 | €2,391,981 | €2,320,620 | -€71,361 | -3.0% |
| Fixed assets | 21/28 | €2,186,185 | €2,178,694 | -€7,491 | -0.3% |
| Tangible fixed assets | 22/27 | €292,213 | €284,722 | -€7,491 | -2.6% |
| Land and buildings | 22 | €292,213 | €284,722 | -€7,491 | -2.6% |
| Financial fixed assets | 28 | €1,893,972 | €1,893,972 | = | 0.0% |
| Current assets | 29/58 | €205,796 | €141,926 | -€63,870 | -31.0% |
| Amounts receivable within one year | 40/41 | €92,600 | €6,860 | -€85,740 | -92.6% |
| Trade receivables | 40 | - | €204 | +€204 | |
| Other amounts receivable | 41 | €92,600 | €6,656 | -€85,944 | -92.8% |
| Cash at bank and in hand | 54/58 | €112,990 | €134,860 | +€21,870 | +19.4% |
| Deferred charges and accrued income | 490/1 | €206 | €206 | +€0 | +0.1% |
| Total equity and liabilities | 10/49 | €2,391,981 | €2,320,620 | -€71,361 | -3.0% |
| Equity | 10/15 | €828,140 | €963,222 | +€135,082 | +16.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €728,140 | €863,222 | +€135,082 | +18.6% |
| Distributable reserves | 133 | €728,140 | €863,222 | +€135,082 | +18.6% |
| Amounts payable | 17/49 | €1,563,840 | €1,357,398 | -€206,443 | -13.2% |
| Amounts payable after more than one year | 17 | €1,177,088 | €974,461 | -€202,627 | -17.2% |
| Financial debts | 170/4 | €1,177,088 | €974,461 | -€202,627 | -17.2% |
| Amounts payable within one year | 42/48 | €386,063 | €376,389 | -€9,674 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €202,141 | €204,558 | +€2,416 | +1.2% |
| Trade debts | 44 | €1,946 | €931 | -€1,015 | -52.1% |
| Suppliers | 440/4 | €1,946 | €931 | -€1,015 | -52.1% |
| Taxes, remuneration and social security | 45 | €6,595 | €2,278 | -€4,316 | -65.5% |
| Taxes | 450/3 | €6,595 | €2,278 | -€4,316 | -65.5% |
| Other amounts payable | 47/48 | €175,381 | €168,622 | -€6,760 | -3.9% |
| Accrued charges and deferred income | 492/3 | €689 | €6,548 | +€5,859 | +850% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,758 | €7,491 | -€35,267 | -82.5% |
| Other operating charges | 640/8 | €1,094 | €1,355 | +€262 | +24.0% |
| Gross operating margin | 9900 | €177,526 | €206,726 | +€29,199 | +16.4% |
| Operating profit (loss) | 9901 | €133,675 | €197,879 | +€64,205 | +48.0% |
| Financial income | 75/76B | €202,699 | €2,498 | -€200,201 | -98.8% |
| Recurring financial income | 75 | €202,699 | €2,498 | -€200,201 | -98.8% |
| Financial charges | 65/66B | €29,071 | €26,935 | -€2,136 | -7.3% |
| Recurring financial charges | 65 | €29,071 | €26,935 | -€2,136 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €307,303 | €173,443 | -€133,861 | -43.6% |
| Income taxes | 67/77 | €21,799 | €38,361 | +€16,561 | +76.0% |
| Profit (loss) for the period | 9904 | €285,504 | €135,082 | -€150,422 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €285,504 | €135,082 | -€150,422 | -52.7% |
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.