LOCAL ENERGY SAVING SOLUTIONS 2: what changed
What changed
LOCAL ENERGY SAVING SOLUTIONS 2
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
-€11,583
2024 · -€51,988+€40,405
Equity
-€166,281
2024 · -€148,023-€18,258
Cash
€157,254
2024 · €185,109-€27,854
Balance sheet total
€1.4m
2024 · €1.9m-€483,355
Largest movements
Assets
- Tangible fixed assets -€325,732
down €325,732 (-25.0%), from €1.3m to €976,328
- Receivables within one year -€94,594
down €94,594 (-34.6%), from €273,078 to €178,484
- Intangible fixed assets -€33,035
down €33,035 (-25.4%), from €129,974 to €96,940
- Cash -€27,854
down €27,854 (-15.0%), from €185,109 to €157,254
mainly Debts after one year (-€441,340) and Trade debts (-€56,486)
Equity and liabilities
- Debts after one year -€441,340
down €441,340 (-27.2%), from €1.6m to €1.2m
- Trade debts -€56,486
down €56,486 (-61.1%), from €92,516 to €36,030
Income statement
- Other operating charges -€27,274
down €27,274 (-96.0%), from €28,423 to €1,150
- Financial charges -€7,883
down €7,883 (-11.5%), from €68,689 to €60,807
- Gross operating margin +€5,249
up €5,249 (+1.3%), from €394,990 to €400,239
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.
Result 2024
-€51,988
Gross operating margin
+€5,249
Other operating charges
+€27,274
Financial charges
+€7,883
Result 2025
-€11,583
raises the result
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.
From operations
+€410,219
Investment
€0
Financing
-€438,073
Cash 2024
€185,109
From operations (derived)
+€410,219
Net result for the year
-€11,583
Depreciation
+€358,766
Receivables within one year
+€94,594
Deferred charges and accrued income
+€2,140
Provisions
-€2,225
Trade debts
-€56,486
Tax, wage and social debts
+€12,918
Other debts
+€14,000
Accrued charges and deferred income
-€1,906
Financing
-€438,073
Debts after one year
-€441,340
Current portion of long-term debt
+€9,943
Contributions, distributions and other
-€6,675
Cash 2025
€157,254
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,894,466 | €1,411,110 | -€483,355 | -25.5% |
| Fixed assets | 21/28 | €1,432,034 | €1,073,268 | -€358,766 | -25.1% |
| Intangible fixed assets | 21 | €129,974 | €96,940 | -€33,035 | -25.4% |
| Tangible fixed assets | 22/27 | €1,302,060 | €976,328 | -€325,732 | -25.0% |
| Plant, machinery and equipment | 23 | €1,302,060 | €976,328 | -€325,732 | -25.0% |
| Current assets | 29/58 | €462,432 | €337,843 | -€124,589 | -26.9% |
| Amounts receivable within one year | 40/41 | €273,078 | €178,484 | -€94,594 | -34.6% |
| Trade receivables | 40 | €273,078 | €178,484 | -€94,594 | -34.6% |
| Cash at bank and in hand | 54/58 | €185,109 | €157,254 | -€27,854 | -15.0% |
| Deferred charges and accrued income | 490/1 | €4,245 | €2,105 | -€2,140 | -50.4% |
| Total equity and liabilities | 10/49 | €1,894,466 | €1,411,110 | -€483,355 | -25.5% |
| Equity | 10/15 | -€148,023 | -€166,281 | -€18,258 | -12.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€477,606 | -€489,189 | -€11,583 | -2.4% |
| Investment grants | 15 | €29,583 | €22,908 | -€6,675 | -22.6% |
| Provisions and deferred taxes | 16 | €9,861 | €7,636 | -€2,225 | -22.6% |
| Deferred taxes | 168 | €9,861 | €7,636 | -€2,225 | -22.6% |
| Amounts payable | 17/49 | €2,032,628 | €1,569,756 | -€462,872 | -22.8% |
| Amounts payable after more than one year | 17 | €1,623,424 | €1,182,084 | -€441,340 | -27.2% |
| Financial debts | 170/4 | €1,623,424 | €1,182,084 | -€441,340 | -27.2% |
| Amounts payable within one year | 42/48 | €398,910 | €379,284 | -€19,625 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €281,398 | €291,340 | +€9,943 | +3.5% |
| Trade debts | 44 | €92,516 | €36,030 | -€56,486 | -61.1% |
| Suppliers | 440/4 | €92,516 | €36,030 | -€56,486 | -61.1% |
| Taxes, remuneration and social security | 45 | €18,996 | €31,914 | +€12,918 | +68.0% |
| Taxes | 450/3 | €18,996 | €31,914 | +€12,918 | +68.0% |
| Other amounts payable | 47/48 | €6,000 | €20,000 | +€14,000 | +233% |
| Accrued charges and deferred income | 492/3 | €10,294 | €8,388 | -€1,906 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358,766 | €358,766 | = | 0.0% |
| Other operating charges | 640/8 | €28,423 | €1,150 | -€27,274 | -96.0% |
| Gross operating margin | 9900 | €394,990 | €400,239 | +€5,249 | +1.3% |
| Operating profit (loss) | 9901 | €7,801 | €40,323 | +€32,523 | +417% |
| Financial income | 75/76B | €6,675 | €6,675 | = | 0.0% |
| Recurring financial income | 75 | €6,675 | €6,675 | = | 0.0% |
| Financial charges | 65/66B | €68,689 | €60,807 | -€7,883 | -11.5% |
| Recurring financial charges | 65 | €68,689 | €60,807 | -€7,883 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€54,213 | -€13,808 | +€40,405 | +74.5% |
| Transfer from deferred taxes | 780 | €2,225 | €2,225 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€51,988 | -€11,583 | +€40,405 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,988 | -€11,583 | +€40,405 | +77.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.