LENERGY: 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.
LENERGY
Largest movements
- Receivables within one year -€24,908
down €24,908 (-21.5%), from €115,902 to €90,995
of which Trade receivables: -€38,622
- Deferred charges and accrued income +€11,207
up €11,207 (+17,453%), from €64 to €11,271
- Cash -€7,462
down €7,462 (-55.6%), from €13,421 to €5,959
mainly Trade debts (-€22,811) and Deferred charges and accrued income (-€11,207)
- Tangible fixed assets -€6,793
down €6,793 (-6.6%), from €102,965 to €96,172
- Trade debts -€22,811
down €22,811 (-45.5%), from €50,128 to €27,318
- Debts after one year -€7,125
down €7,125 (-10.4%), from €68,741 to €61,617
- Advances received -€5,389
no longer reported in 2025 (was €5,389)
- Reserves +€3,799
up €3,799 (+4.7%), from €80,292 to €84,091
of which Distributable reserves: +€3,799
- Tax, wage and social debts +€3,426
up €3,426 (+21.7%), from €15,821 to €19,247
- Gross operating margin -€24,278
down €24,278 (-55.0%), from €44,146 to €19,867
- Taxes -€5,931
down €5,931 (-64.8%), from €9,146 to €3,215
- Other operating charges +€1,515
up €1,515 (+145%), from €1,044 to €2,559
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 | €232,352 | €204,397 | -€27,956 | -12.0% |
| Fixed assets | 21/28 | €102,965 | €96,172 | -€6,793 | -6.6% |
| Tangible fixed assets | 22/27 | €102,965 | €96,172 | -€6,793 | -6.6% |
| Land and buildings | 22 | €102,965 | €96,172 | -€6,793 | -6.6% |
| Current assets | 29/58 | €129,387 | €108,225 | -€21,163 | -16.4% |
| Amounts receivable within one year | 40/41 | €115,902 | €90,995 | -€24,908 | -21.5% |
| Trade receivables | 40 | €101,832 | €63,210 | -€38,622 | -37.9% |
| Other amounts receivable | 41 | €14,070 | €27,785 | +€13,715 | +97.5% |
| Cash at bank and in hand | 54/58 | €13,421 | €5,959 | -€7,462 | -55.6% |
| Deferred charges and accrued income | 490/1 | €64 | €11,271 | +€11,207 | +17,453% |
| Total equity and liabilities | 10/49 | €232,352 | €204,397 | -€27,956 | -12.0% |
| Equity | 10/15 | €85,292 | €89,091 | +€3,799 | +4.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,292 | €84,091 | +€3,799 | +4.7% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €79,792 | €83,591 | +€3,799 | +4.8% |
| Amounts payable | 17/49 | €147,061 | €115,306 | -€31,755 | -21.6% |
| Amounts payable after more than one year | 17 | €68,741 | €61,617 | -€7,125 | -10.4% |
| Financial debts | 170/4 | €68,741 | €61,617 | -€7,125 | -10.4% |
| Amounts payable within one year | 42/48 | €78,149 | €53,689 | -€24,460 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €6,811 | €7,125 | +€314 | +4.6% |
| Trade debts | 44 | €50,128 | €27,318 | -€22,811 | -45.5% |
| Suppliers | 440/4 | €50,128 | €27,318 | -€22,811 | -45.5% |
| Advances received on contracts in progress | 46 | €5,389 | - | -€5,389 | |
| Taxes, remuneration and social security | 45 | €15,821 | €19,247 | +€3,426 | +21.7% |
| Taxes | 450/3 | €15,821 | €19,247 | +€3,426 | +21.7% |
| Accrued charges and deferred income | 492/3 | €170 | - | -€170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,407 | €6,793 | +€386 | +6.0% |
| Other operating charges | 640/8 | €1,044 | €2,559 | +€1,515 | +145% |
| Gross operating margin | 9900 | €44,146 | €19,867 | -€24,278 | -55.0% |
| Operating profit (loss) | 9901 | €36,695 | €10,516 | -€26,179 | -71.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,249 | €3,501 | +€252 | +7.8% |
| Recurring financial charges | 65 | €3,249 | €3,501 | +€252 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €33,446 | €7,015 | -€26,431 | -79.0% |
| Income taxes | 67/77 | €9,146 | €3,215 | -€5,931 | -64.8% |
| Profit (loss) for the period | 9904 | €24,300 | €3,799 | -€20,500 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,300 | €3,799 | -€20,500 | -84.4% |
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 18 October 2026 via checked.be.