I-Energy: what changed
I-Energy
Largest movements
- Tangible fixed assets -€36,500
down €36,500 (-89.2%), from €40,913 to €4,413
of which Furniture and vehicles: -€35,990
- Receivables within one year -€15,396
down €15,396 (-41.8%), from €36,825 to €21,429
of which Other amounts receivable: -€13,071
- Cash +€4,066
up €4,066, from €0 to €4,066
mainly Investment in fixed assets (net) (+€33,101) and Receivables within one year (+€15,396)
- Intangible fixed assets +€1,809
new in 2025: €1,809
- Deferred charges and accrued income -€1,720
down €1,720 (-100%), from €1,720 to €0
- Profit (loss) carried forward -€82,684
down €82,684 (-1,575%), from -€5,249 to -€87,933
- Other debts +€13,654
up €13,654, from €0 to €13,654
- Trade debts +€9,324
up €9,324 (+40.5%), from €23,028 to €32,353
- Debts after one year +€5,660
up €5,660 (+16.1%), from €35,156 to €40,816
- Tax, wage and social debts +€4,825
up €4,825 (+58.8%), from €8,204 to €13,029
of which Remuneration and social security: +€6,858
- Staff costs +€46,583
up €46,583 (+737%), from €6,320 to €52,903
- Gross operating margin -€30,889
down €30,889, from €7,056 to -€23,833
- Depreciation -€10,988
down €10,988 (-87.4%), from €12,578 to €1,590
- Financial charges +€1,984
up €1,984 (+59.5%), from €3,334 to €5,319
- Financial income +€1,396
up €1,396 (+545%), from €256 to €1,652
of which Financial income: +€747
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,458 | €31,717 | -€47,741 | -60.1% |
| Fixed assets | 21/28 | €40,913 | €6,222 | -€34,691 | -84.8% |
| Intangible fixed assets | 21 | - | €1,809 | +€1,809 | |
| Tangible fixed assets | 22/27 | €40,913 | €4,413 | -€36,500 | -89.2% |
| Land and buildings | 22 | €4,796 | €4,285 | -€510 | -10.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €36,117 | €127 | -€35,990 | -99.6% |
| Current assets | 29/58 | €38,545 | €25,495 | -€13,050 | -33.9% |
| Amounts receivable within one year | 40/41 | €36,825 | €21,429 | -€15,396 | -41.8% |
| Trade receivables | 40 | €20,617 | €18,293 | -€2,325 | -11.3% |
| Other amounts receivable | 41 | €16,207 | €3,136 | -€13,071 | -80.6% |
| Cash at bank and in hand | 54/58 | €0 | €4,066 | +€4,066 | |
| Deferred charges and accrued income | 490/1 | €1,720 | €0 | -€1,720 | -100% |
| Total equity and liabilities | 10/49 | €79,458 | €31,717 | -€47,741 | -60.1% |
| Equity | 10/15 | -€3,853 | -€86,536 | -€82,684 | -2,146% |
| Contributions | 10/11 | €240 | €240 | = | 0.0% |
| Reserves | 13 | €1,157 | €1,157 | = | 0.0% |
| Distributable reserves | 133 | €1,157 | €1,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,249 | -€87,933 | -€82,684 | -1,575% |
| Amounts payable | 17/49 | €83,310 | €118,253 | +€34,942 | +41.9% |
| Amounts payable after more than one year | 17 | €35,156 | €40,816 | +€5,660 | +16.1% |
| Financial debts | 170/4 | €35,156 | €40,816 | +€5,660 | +16.1% |
| Amounts payable within one year | 42/48 | €48,154 | €77,376 | +€29,221 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | €12,717 | €13,340 | +€623 | +4.9% |
| Financial debts | 43 | €4,205 | €5,000 | +€795 | +18.9% |
| Credit institutions | 430/8 | €4,205 | €0 | -€4,205 | -100% |
| Other loans | 439 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €23,028 | €32,353 | +€9,324 | +40.5% |
| Suppliers | 440/4 | €23,028 | €32,353 | +€9,324 | +40.5% |
| Taxes, remuneration and social security | 45 | €8,204 | €13,029 | +€4,825 | +58.8% |
| Taxes | 450/3 | €5,225 | €3,192 | -€2,033 | -38.9% |
| Remuneration and social security | 454/9 | €2,979 | €9,836 | +€6,858 | +230% |
| Other amounts payable | 47/48 | €0 | €13,654 | +€13,654 | |
| Accrued charges and deferred income | 492/3 | €0 | €61 | +€61 | |
| Remuneration, social security and pensions | 62 | €6,320 | €52,903 | +€46,583 | +737% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,578 | €1,590 | -€10,988 | -87.4% |
| Other operating charges | 640/8 | €1,226 | €487 | -€739 | -60.3% |
| Gross operating margin | 9900 | €7,056 | -€23,833 | -€30,889 | |
| Operating profit (loss) | 9901 | -€13,067 | -€78,812 | -€65,744 | -503% |
| Financial income | 75/76B | €256 | €1,652 | +€1,396 | +545% |
| Recurring financial income | 75 | €256 | €1,003 | +€747 | +292% |
| Non-recurring financial income | 76B | - | €650 | +€650 | |
| Financial charges | 65/66B | €3,334 | €5,319 | +€1,984 | +59.5% |
| Recurring financial charges | 65 | €3,334 | €5,319 | +€1,984 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,145 | -€82,478 | -€66,332 | -411% |
| Income taxes | 67/77 | €0 | €206 | +€206 | |
| Profit (loss) for the period | 9904 | -€16,145 | -€82,684 | -€66,538 | -412% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,145 | -€82,684 | -€66,538 | -412% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.