Green energy construct: what changed
Two fiscal 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.
Green energy construct
Largest movements
- Receivables within one year +€7,849
up €7,849 (+6.3%), from €125,043 to €132,893
of which Trade receivables: +€21,762
- Trade debts -€41,090
down €41,090 (-37.1%), from €110,694 to €69,604
- Other debts +€30,878
new in 2025: €30,878
- Profit (loss) carried forward +€18,637
up €18,637 (+100.6%), from €18,520 to €37,157
- Gross operating margin +€7,404
up €7,404 (+39.4%), from €18,777 to €26,182
- Taxes +€1,371
up €1,371 (+40.9%), from €3,352 to €4,724
- Other operating charges +€771
up €771 (+37.8%), from €2,041 to €2,813
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.
Cash bridge derived
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 | €137,567 | €147,363 | +€9,797 | +7.1% |
| Current assets | 29/58 | €137,567 | €147,363 | +€9,797 | +7.1% |
| Amounts receivable within one year | 40/41 | €125,043 | €132,893 | +€7,849 | +6.3% |
| Trade receivables | 40 | €98,191 | €119,953 | +€21,762 | +22.2% |
| Other amounts receivable | 41 | €26,853 | €12,940 | -€13,913 | -51.8% |
| Cash at bank and in hand | 54/58 | €12,523 | €13,802 | +€1,278 | +10.2% |
| Deferred charges and accrued income | 490/1 | - | €669 | +€669 | |
| Total equity and liabilities | 10/49 | €137,567 | €147,363 | +€9,797 | +7.1% |
| Equity | 10/15 | €23,520 | €42,157 | +€18,637 | +79.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,520 | €37,157 | +€18,637 | +100.6% |
| Amounts payable | 17/49 | €114,047 | €105,206 | -€8,841 | -7.8% |
| Amounts payable within one year | 42/48 | €114,047 | €105,206 | -€8,841 | -7.8% |
| Trade debts | 44 | €110,694 | €69,604 | -€41,090 | -37.1% |
| Suppliers | 440/4 | €110,694 | €69,604 | -€41,090 | -37.1% |
| Taxes, remuneration and social security | 45 | €3,352 | €4,724 | +€1,371 | +40.9% |
| Taxes | 450/3 | €3,352 | €4,724 | +€1,371 | +40.9% |
| Other amounts payable | 47/48 | - | €30,878 | +€30,878 | |
| Other operating charges | 640/8 | €2,041 | €2,813 | +€771 | +37.8% |
| Gross operating margin | 9900 | €18,777 | €26,182 | +€7,404 | +39.4% |
| Operating profit (loss) | 9901 | €16,736 | €23,369 | +€6,633 | +39.6% |
| Financial income | 75/76B | €49 | €0 | -€49 | -99.3% |
| Recurring financial income | 75 | €49 | €0 | -€49 | -99.3% |
| Financial charges | 65/66B | €181 | €9 | -€172 | -95.2% |
| Recurring financial charges | 65 | €181 | €9 | -€172 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €16,604 | €23,361 | +€6,757 | +40.7% |
| Income taxes | 67/77 | €3,352 | €4,724 | +€1,371 | +40.9% |
| Profit (loss) for the period | 9904 | €13,252 | €18,637 | +€5,386 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,252 | €18,637 | +€5,386 | +40.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.