GLOBAL ENERGY SOLUTION: 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.
GLOBAL ENERGY SOLUTION
Largest movements
- Cash +€73,537
up €73,537 (+187%), from €39,401 to €112,938
mainly Receivables within one year (+€35,542) and Net result for the year (+€22,115)
- Receivables within one year -€35,542
down €35,542 (-81.1%), from €43,847 to €8,305
of which Trade receivables: -€36,179
- Tangible fixed assets -€1,860
down €1,860 (-27.6%), from €6,743 to €4,883
- Reserves +€21,500
up €21,500 (+39.6%), from €54,327 to €75,827
of which Distributable reserves: +€21,500
- Trade debts +€7,362
up €7,362 (+137%), from €5,355 to €12,717
- Other debts +€5,613
up €5,613 (+246%), from €2,286 to €7,899
- Gross operating margin +€38,373
up €38,373, from -€7,691 to €30,682
- Taxes +€6,063
up €6,063 (+20,210,733%), from €0 to €6,063
- Other operating charges -€482
down €482 (-72.6%), from €665 to €182
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 | €90,188 | €126,146 | +€35,958 | +39.9% |
| Fixed assets | 21/28 | €6,743 | €4,883 | -€1,860 | -27.6% |
| Tangible fixed assets | 22/27 | €6,743 | €4,883 | -€1,860 | -27.6% |
| Furniture and vehicles | 24 | €6,743 | €4,883 | -€1,860 | -27.6% |
| Current assets | 29/58 | €83,445 | €121,263 | +€37,818 | +45.3% |
| Amounts receivable within one year | 40/41 | €43,847 | €8,305 | -€35,542 | -81.1% |
| Trade receivables | 40 | €43,845 | €7,665 | -€36,179 | -82.5% |
| Other amounts receivable | 41 | €2 | €639 | +€637 | +30,344% |
| Cash at bank and in hand | 54/58 | €39,401 | €112,938 | +€73,537 | +187% |
| Deferred charges and accrued income | 490/1 | €197 | €21 | -€177 | -89.5% |
| Total equity and liabilities | 10/49 | €90,188 | €126,146 | +€35,958 | +39.9% |
| Equity | 10/15 | €72,853 | €94,968 | +€22,115 | +30.4% |
| Contributions | 10/11 | €9,700 | €9,700 | = | 0.0% |
| Reserves | 13 | €54,327 | €75,827 | +€21,500 | +39.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €567 | €567 | = | 0.0% |
| Distributable reserves | 133 | €51,900 | €73,400 | +€21,500 | +41.4% |
| Profit (loss) carried forward | 14 | €8,826 | €9,441 | +€615 | +7.0% |
| Amounts payable | 17/49 | €17,336 | €31,179 | +€13,843 | +79.9% |
| Amounts payable within one year | 42/48 | €17,336 | €31,179 | +€13,843 | +79.9% |
| Trade debts | 44 | €5,355 | €12,717 | +€7,362 | +137% |
| Suppliers | 440/4 | €5,355 | €12,717 | +€7,362 | +137% |
| Taxes, remuneration and social security | 45 | €9,695 | €10,563 | +€868 | +9.0% |
| Taxes | 450/3 | €6,195 | €7,563 | +€1,368 | +22.1% |
| Remuneration and social security | 454/9 | €3,500 | €3,000 | -€500 | -14.3% |
| Other amounts payable | 47/48 | €2,286 | €7,899 | +€5,613 | +246% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,955 | €2,067 | +€112 | +5.7% |
| Other operating charges | 640/8 | €665 | €182 | -€482 | -72.6% |
| Gross operating margin | 9900 | -€7,691 | €30,682 | +€38,373 | |
| Operating profit (loss) | 9901 | -€10,310 | €28,433 | +€38,744 | |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.9% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.9% |
| Financial charges | 65/66B | €349 | €255 | -€94 | -26.9% |
| Recurring financial charges | 65 | €349 | €255 | -€94 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,645 | €28,178 | +€38,822 | |
| Income taxes | 67/77 | €0 | €6,063 | +€6,063 | +20,210,733% |
| Profit (loss) for the period | 9904 | -€10,645 | €22,115 | +€32,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,645 | €22,115 | +€32,759 |
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 17 October 2026 via checked.be.