LOCAL ENERGY SOLUTION: 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.
LOCAL ENERGY SOLUTION
Largest movements
- Receivables within one year -€48,224
down €48,224 (-37.9%), from €127,133 to €78,910
of which Other amounts receivable: -€112,675
- Deferred charges and accrued income -€45,746
down €45,746 (-94.7%), from €48,285 to €2,539
- Tangible fixed assets -€18,706
down €18,706 (-2.4%), from €778,672 to €759,966
of which Land and buildings: -€43,069
- Cash +€14,068
up €14,068 (+101.6%), from €13,843 to €27,911
mainly Depreciation (+€56,035) and Receivables within one year (+€48,224)
- Debts after one year -€85,350
down €85,350 (-12.2%), from €700,510 to €615,160
- Profit (loss) carried forward -€33,642
down €33,642 (-47.9%), from -€70,198 to -€103,839
- Investment grants -€17,836
down €17,836 (-8.2%), from €218,844 to €201,007
- Accrued charges and deferred income +€14,512
up €14,512 (+188.1%), from €7,716 to €22,229
- Trade debts +€11,862
up €11,862 (+61.0%), from €19,461 to €31,323
- Gross operating margin +€33,323
up €33,323 (+423.8%), from €7,863 to €41,185
- Depreciation +€8,121
up €8,121 (+16.9%), from €47,915 to €56,035
- Financial charges +€7,332
up €7,332 (+25.4%), from €28,834 to €36,166
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 | €989,317 | €886,477 | -€102,840 | -10.4% |
| Fixed assets | 21/28 | €794,456 | €771,517 | -€22,939 | -2.9% |
| Intangible fixed assets | 21 | €15,784 | €11,551 | -€4,233 | -26.8% |
| Tangible fixed assets | 22/27 | €778,672 | €759,966 | -€18,706 | -2.4% |
| Land and buildings | 22 | €778,672 | €735,604 | -€43,069 | -5.5% |
| Plant, machinery and equipment | 23 | - | €24,363 | +€24,363 | |
| Current assets | 29/58 | €194,861 | €114,960 | -€79,901 | -41.0% |
| Stocks and contracts in progress | 3 | €5,600 | €5,600 | = | 0.0% |
| Stocks | 30/36 | €5,600 | €5,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €127,133 | €78,910 | -€48,224 | -37.9% |
| Trade receivables | 40 | €6,055 | €70,506 | +€64,451 | +1064.5% |
| Other amounts receivable | 41 | €121,079 | €8,404 | -€112,675 | -93.1% |
| Cash at bank and in hand | 54/58 | €13,843 | €27,911 | +€14,068 | +101.6% |
| Deferred charges and accrued income | 490/1 | €48,285 | €2,539 | -€45,746 | -94.7% |
| Total equity and liabilities | 10/49 | €989,317 | €886,477 | -€102,840 | -10.4% |
| Equity | 10/15 | €178,646 | €127,168 | -€51,478 | -28.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,198 | -€103,839 | -€33,642 | -47.9% |
| Investment grants | 15 | €218,844 | €201,007 | -€17,836 | -8.2% |
| Amounts payable | 17/49 | €810,671 | €759,309 | -€51,362 | -6.3% |
| Amounts payable after more than one year | 17 | €700,510 | €615,160 | -€85,350 | -12.2% |
| Financial debts | 170/4 | €700,510 | €615,160 | -€85,350 | -12.2% |
| Amounts payable within one year | 42/48 | €102,445 | €121,920 | +€19,476 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €79,293 | €85,350 | +€6,057 | +7.6% |
| Trade debts | 44 | €19,461 | €31,323 | +€11,862 | +61.0% |
| Suppliers | 440/4 | €19,461 | €31,323 | +€11,862 | +61.0% |
| Other amounts payable | 47/48 | €3,690 | €5,247 | +€1,557 | +42.2% |
| Accrued charges and deferred income | 492/3 | €7,716 | €22,229 | +€14,512 | +188.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,915 | €56,035 | +€8,121 | +16.9% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €7,863 | €41,185 | +€33,323 | +423.8% |
| Operating profit (loss) | 9901 | -€40,503 | -€15,315 | +€25,188 | +62.2% |
| Financial income | 75/76B | €18,226 | €17,840 | -€385 | -2.1% |
| Recurring financial income | 75 | €18,226 | €17,840 | -€385 | -2.1% |
| Financial charges | 65/66B | €28,834 | €36,166 | +€7,332 | +25.4% |
| Recurring financial charges | 65 | €28,834 | €36,166 | +€7,332 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,112 | -€33,641 | +€17,471 | +34.2% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€51,112 | -€33,642 | +€17,470 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,112 | -€33,642 | +€17,470 | +34.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.