NRG: 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.
NRG
Largest movements
- Receivables within one year +€7,854
up €7,854 (+62.9%), from €12,490 to €20,343
of which Trade receivables: +€6,395
- Cash +€7,255
up €7,255 (+158.4%), from €4,580 to €11,835
mainly Net result for the year (+€12,871) and Depreciation (+€3,643)
- Tangible fixed assets -€3,643
down €3,643 (-41.2%), from €8,848 to €5,205
of which Plant, machinery and equipment: -€2,588
- Profit (loss) carried forward +€12,871
up €12,871 (+30.0%), from -€42,871 to -€29,999
- Accrued charges and deferred income -€3,500
down €3,500 (-92.1%), from €3,800 to €300
- Tax, wage and social debts +€2,784
up €2,784 (+77.3%), from €3,600 to €6,384
- Trade debts -€665
down €665 (-24.1%), from €2,758 to €2,093
- Gross operating margin +€44,027
up €44,027, from -€25,506 to €18,521
- Financial income -€18,736
down €18,736 (-99.3%), from €18,873 to €138
- Depreciation -€1,604
down €1,604 (-30.6%), from €5,247 to €3,643
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 | €29,267 | €40,757 | +€11,490 | +39.3% |
| Fixed assets | 21/28 | €11,648 | €8,005 | -€3,643 | -31.3% |
| Tangible fixed assets | 22/27 | €8,848 | €5,205 | -€3,643 | -41.2% |
| Land and buildings | 22 | €3,343 | €2,288 | -€1,055 | -31.6% |
| Plant, machinery and equipment | 23 | €5,506 | €2,917 | -€2,588 | -47.0% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €17,619 | €32,752 | +€15,134 | +85.9% |
| Amounts receivable within one year | 40/41 | €12,490 | €20,343 | +€7,854 | +62.9% |
| Trade receivables | 40 | €7,377 | €13,772 | +€6,395 | +86.7% |
| Other amounts receivable | 41 | €5,113 | €6,571 | +€1,458 | +28.5% |
| Cash at bank and in hand | 54/58 | €4,580 | €11,835 | +€7,255 | +158.4% |
| Deferred charges and accrued income | 490/1 | €549 | €574 | +€25 | +4.5% |
| Total equity and liabilities | 10/49 | €29,267 | €40,757 | +€11,490 | +39.3% |
| Equity | 10/15 | €19,109 | €31,980 | +€12,871 | +67.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,379 | €43,379 | = | 0.0% |
| Distributable reserves | 133 | €43,379 | €43,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,871 | -€29,999 | +€12,871 | +30.0% |
| Amounts payable | 17/49 | €10,158 | €8,777 | -€1,381 | -13.6% |
| Amounts payable within one year | 42/48 | €6,358 | €8,477 | +€2,119 | +33.3% |
| Trade debts | 44 | €2,758 | €2,093 | -€665 | -24.1% |
| Suppliers | 440/4 | €2,758 | €2,093 | -€665 | -24.1% |
| Taxes, remuneration and social security | 45 | €3,600 | €6,384 | +€2,784 | +77.3% |
| Taxes | 450/3 | €3,600 | €6,384 | +€2,784 | +77.3% |
| Accrued charges and deferred income | 492/3 | €3,800 | €300 | -€3,500 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,247 | €3,643 | -€1,604 | -30.6% |
| Other operating charges | 640/8 | €1,779 | €1,833 | +€55 | +3.1% |
| Gross operating margin | 9900 | -€25,506 | €18,521 | +€44,027 | |
| Operating profit (loss) | 9901 | -€32,532 | €13,045 | +€45,576 | |
| Financial income | 75/76B | €18,873 | €138 | -€18,736 | -99.3% |
| Recurring financial income | 75 | €18,873 | €138 | -€18,736 | -99.3% |
| Financial charges | 65/66B | €139 | €104 | -€36 | -25.7% |
| Recurring financial charges | 65 | €139 | €104 | -€36 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,798 | €13,079 | +€26,876 | |
| Income taxes | 67/77 | €166 | €207 | +€42 | +25.1% |
| Profit (loss) for the period | 9904 | -€13,963 | €12,871 | +€26,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,963 | €12,871 | +€26,835 |
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 8 October 2026 via checked.be.