NF ENERGY: 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.
NF ENERGY
Largest movements
- Receivables within one year +€10,550
up €10,550 (+135%), from €7,807 to €18,357
of which Other amounts receivable: +€7,436
- Tangible fixed assets +€3,199
up €3,199 (+77.2%), from €4,145 to €7,343
of which Plant, machinery and equipment: +€4,836
- Current portion of long-term debt +€12,557
new in 2025: €12,557
- Other debts -€12,440
no longer reported in 2025 (was €12,440)
- Profit (loss) carried forward +€5,858
no longer reported in 2025 (was -€5,858)
- Debts after one year +€5,461
new in 2025: €5,461
- Tax, wage and social debts +€2,682
new in 2025: €2,682
- Gross operating margin +€23,179
up €23,179 (+6,675%), from €347 to €23,526
- Staff costs +€6,716
new in 2025: €6,716
- Financial charges +€3,771
up €3,771 (+2,291%), from €165 to €3,936
- Depreciation +€1,908
up €1,908 (+566%), from €337 to €2,245
- Taxes +€814
new in 2025: €814
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 | €12,220 | €26,099 | +€13,879 | +114% |
| Fixed assets | 21/28 | €4,145 | €7,343 | +€3,199 | +77.2% |
| Tangible fixed assets | 22/27 | €4,145 | €7,343 | +€3,199 | +77.2% |
| Plant, machinery and equipment | 23 | €1,037 | €5,873 | +€4,836 | +466% |
| Furniture and vehicles | 24 | €903 | €1,470 | +€567 | +62.8% |
| Assets under construction and advance payments | 27 | €2,205 | - | -€2,205 | |
| Current assets | 29/58 | €8,075 | €18,755 | +€10,680 | +132% |
| Amounts receivable within one year | 40/41 | €7,807 | €18,357 | +€10,550 | +135% |
| Trade receivables | 40 | €3,817 | €6,931 | +€3,114 | +81.6% |
| Other amounts receivable | 41 | €3,990 | €11,426 | +€7,436 | +186% |
| Cash at bank and in hand | 54/58 | €232 | €371 | +€139 | +59.7% |
| Deferred charges and accrued income | 490/1 | €36 | €28 | -€9 | -23.6% |
| Total equity and liabilities | 10/49 | €12,220 | €26,099 | +€13,879 | +114% |
| Equity | 10/15 | -€3,858 | €3,576 | +€7,434 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €1,576 | +€1,576 | |
| Distributable reserves | 133 | - | €1,576 | +€1,576 | |
| Profit (loss) carried forward | 14 | -€5,858 | - | +€5,858 | |
| Amounts payable | 17/49 | €16,078 | €22,523 | +€6,445 | +40.1% |
| Amounts payable after more than one year | 17 | - | €5,461 | +€5,461 | |
| Financial debts | 170/4 | - | €5,461 | +€5,461 | |
| Amounts payable within one year | 42/48 | €16,078 | €17,062 | +€984 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | - | €12,557 | +€12,557 | |
| Trade debts | 44 | €3,638 | €1,822 | -€1,816 | -49.9% |
| Suppliers | 440/4 | €3,638 | €1,822 | -€1,816 | -49.9% |
| Taxes, remuneration and social security | 45 | - | €2,682 | +€2,682 | |
| Taxes | 450/3 | - | €2,682 | +€2,682 | |
| Other amounts payable | 47/48 | €12,440 | - | -€12,440 | |
| Non-recurring operating income | 76A | - | €8,052 | +€8,052 | |
| Remuneration, social security and pensions | 62 | - | €6,716 | +€6,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €2,245 | +€1,908 | +566% |
| Other operating charges | 640/8 | €112 | €94 | -€19 | -16.7% |
| Non-recurring operating charges | 66A | €5,596 | €2,288 | -€3,307 | -59.1% |
| Gross operating margin | 9900 | €347 | €23,526 | +€23,179 | +6,675% |
| Operating profit (loss) | 9901 | -€5,698 | €12,184 | +€17,882 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €165 | €3,936 | +€3,771 | +2,291% |
| Recurring financial charges | 65 | €165 | €3,936 | +€3,771 | +2,291% |
| Profit (loss) for the period before taxes | 9903 | -€5,858 | €8,248 | +€14,106 | |
| Income taxes | 67/77 | - | €814 | +€814 | |
| Profit (loss) for the period | 9904 | -€5,858 | €7,434 | +€13,292 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,858 | €7,434 | +€13,292 |
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 27 October 2026 via checked.be.