LOCAL ENERGY SAVING SOLUTIONS 4: 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.
LOCAL ENERGY SAVING SOLUTIONS 4
Largest movements
- Tangible fixed assets -€493,843
down €493,843 (-9.8%), from €5.0m to €4.6m
- Cash +€186,633
up €186,633 (+44.9%), from €415,899 to €602,532
mainly Depreciation (+€938,799) and Accrued charges and deferred income (+€62,217)
- Receivables within one year +€172,434
up €172,434 (+1.9%), from €9.3m to €9.4m
of which Trade receivables: +€170,289
- Debts after one year -€281,169
down €281,169 (-4.6%), from €6.1m to €5.8m
- Gross operating margin +€147,435
up €147,435 (+14.8%), from €999,421 to €1.1m
- Depreciation +€80,013
up €80,013 (+9.3%), from €858,785 to €938,799
- Financial charges +€18,748
up €18,748 (+10.2%), from €184,021 to €202,769
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 | €15,834,055 | €15,638,471 | -€195,585 | -1.2% |
| Formation expenses | 20 | €15 | €0 | -€15 | -100% |
| Fixed assets | 21/28 | €6,153,531 | €5,599,675 | -€553,856 | -9.0% |
| Intangible fixed assets | 21 | €1,109,374 | €1,049,361 | -€60,013 | -5.4% |
| Tangible fixed assets | 22/27 | €5,044,157 | €4,550,315 | -€493,843 | -9.8% |
| Plant, machinery and equipment | 23 | €5,044,157 | €4,550,315 | -€493,843 | -9.8% |
| Current assets | 29/58 | €9,680,509 | €10,038,795 | +€358,287 | +3.7% |
| Amounts receivable within one year | 40/41 | €9,253,193 | €9,425,626 | +€172,434 | +1.9% |
| Trade receivables | 40 | €9,225,183 | €9,395,472 | +€170,289 | +1.8% |
| Other amounts receivable | 41 | €28,010 | €30,155 | +€2,144 | +7.7% |
| Cash at bank and in hand | 54/58 | €415,899 | €602,532 | +€186,633 | +44.9% |
| Deferred charges and accrued income | 490/1 | €11,417 | €10,637 | -€780 | -6.8% |
| Total equity and liabilities | 10/49 | €15,834,055 | €15,638,471 | -€195,585 | -1.2% |
| Equity | 10/15 | -€42,873 | -€32,710 | +€10,164 | +23.7% |
| 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 | -€342,873 | -€332,710 | +€10,164 | +3.0% |
| Amounts payable | 17/49 | €15,876,928 | €15,671,180 | -€205,748 | -1.3% |
| Amounts payable after more than one year | 17 | €6,120,783 | €5,839,614 | -€281,169 | -4.6% |
| Financial debts | 170/4 | €6,120,783 | €5,839,614 | -€281,169 | -4.6% |
| Amounts payable within one year | 42/48 | €979,250 | €992,453 | +€13,203 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €671,080 | €681,169 | +€10,089 | +1.5% |
| Trade debts | 44 | €308,170 | €311,285 | +€3,114 | +1.0% |
| Suppliers | 440/4 | €308,170 | €311,285 | +€3,114 | +1.0% |
| Accrued charges and deferred income | 492/3 | €8,776,895 | €8,839,113 | +€62,217 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €858,785 | €938,799 | +€80,013 | +9.3% |
| Other operating charges | 640/8 | €1,092 | €1,108 | +€16 | +1.5% |
| Gross operating margin | 9900 | €999,421 | €1,146,856 | +€147,435 | +14.8% |
| Operating profit (loss) | 9901 | €139,544 | €206,950 | +€67,406 | +48.3% |
| Financial income | 75/76B | €6,894 | €5,982 | -€911 | -13.2% |
| Recurring financial income | 75 | €6,894 | €5,982 | -€911 | -13.2% |
| Financial charges | 65/66B | €184,021 | €202,769 | +€18,748 | +10.2% |
| Recurring financial charges | 65 | €184,021 | €202,769 | +€18,748 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,583 | €10,164 | +€47,747 | |
| Profit (loss) for the period | 9904 | -€37,583 | €10,164 | +€47,747 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,583 | €10,164 | +€47,747 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.