NRG-TEC: 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-TEC
Largest movements
- Receivables within one year +€60,545
up €60,545 (+82.0%), from €73,808 to €134,352
of which Trade receivables: +€60,256
- Stocks and contracts -€38,545
down €38,545 (-14.8%), from €260,000 to €221,455
- Cash -€26,339
down €26,339 (-16.0%), from €164,930 to €138,591
mainly Receivables within one year (-€60,545) and Other debts (-€25,960)
- Tangible fixed assets -€9,459
down €9,459 (-3.3%), from €290,383 to €280,924
of which Plant, machinery and equipment: -€6,610
- Profit (loss) carried forward +€40,870
up €40,870 (+31.5%), from -€129,742 to -€88,871
- Other debts -€25,960
down €25,960 (-18.4%), from €141,472 to €115,511
- Short-term financial debts -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Tax, wage and social debts +€21,312
up €21,312 (+129.3%), from €16,487 to €37,800
of which Remuneration and social security: +€18,718
- Debts after one year -€19,973
down €19,973 (-12.8%), from €155,719 to €135,746
- Gross operating margin +€298,914
up €298,914 (+372.7%), from €80,201 to €379,116
- Staff costs +€121,143
up €121,143 (+71.9%), from €168,411 to €289,554
- Financial income -€6,815
down €6,815 (-63.8%), from €10,687 to €3,872
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 | €804,610 | €788,577 | -€16,033 | -2.0% |
| Fixed assets | 21/28 | €292,723 | €283,264 | -€9,459 | -3.2% |
| Tangible fixed assets | 22/27 | €290,383 | €280,924 | -€9,459 | -3.3% |
| Land and buildings | 22 | €241,396 | €242,062 | +€665 | +0.3% |
| Plant, machinery and equipment | 23 | €36,821 | €30,210 | -€6,610 | -18.0% |
| Furniture and vehicles | 24 | €12,166 | €8,652 | -€3,514 | -28.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €2,340 | €2,340 | = | 0.0% |
| Current assets | 29/58 | €511,887 | €505,313 | -€6,574 | -1.3% |
| Stocks and contracts in progress | 3 | €260,000 | €221,455 | -€38,545 | -14.8% |
| Stocks | 30/36 | €260,000 | €221,455 | -€38,545 | -14.8% |
| Amounts receivable within one year | 40/41 | €73,808 | €134,352 | +€60,545 | +82.0% |
| Trade receivables | 40 | €26,075 | €86,330 | +€60,256 | +231.1% |
| Other amounts receivable | 41 | €47,733 | €48,022 | +€289 | +0.6% |
| Cash at bank and in hand | 54/58 | €164,930 | €138,591 | -€26,339 | -16.0% |
| Deferred charges and accrued income | 490/1 | €13,149 | €10,915 | -€2,234 | -17.0% |
| Total equity and liabilities | 10/49 | €804,610 | €788,577 | -€16,033 | -2.0% |
| Equity | 10/15 | €273,056 | €313,926 | +€40,870 | +15.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €397,798 | €397,798 | = | 0.0% |
| Distributable reserves | 133 | €397,798 | €397,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,742 | -€88,871 | +€40,870 | +31.5% |
| Amounts payable | 17/49 | €531,554 | €474,651 | -€56,903 | -10.7% |
| Amounts payable after more than one year | 17 | €155,719 | €135,746 | -€19,973 | -12.8% |
| Financial debts | 170/4 | €155,719 | €135,746 | -€19,973 | -12.8% |
| Amounts payable within one year | 42/48 | €375,835 | €338,568 | -€37,267 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €19,521 | €19,973 | +€452 | +2.3% |
| Financial debts | 43 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Credit institutions | 430/8 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Trade debts | 44 | €98,355 | €88,804 | -€9,551 | -9.7% |
| Suppliers | 440/4 | €98,355 | €88,804 | -€9,551 | -9.7% |
| Advances received on contracts in progress | 46 | - | €1,479 | +€1,479 | |
| Taxes, remuneration and social security | 45 | €16,487 | €37,800 | +€21,312 | +129.3% |
| Taxes | 450/3 | €543 | €3,137 | +€2,594 | +477.8% |
| Remuneration and social security | 454/9 | €15,944 | €34,662 | +€18,718 | +117.4% |
| Other amounts payable | 47/48 | €141,472 | €115,511 | -€25,960 | -18.4% |
| Accrued charges and deferred income | 492/3 | - | €337 | +€337 | |
| Non-recurring operating income | 76A | €467 | €0 | -€467 | -100.0% |
| Remuneration, social security and pensions | 62 | €168,411 | €289,554 | +€121,143 | +71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,594 | €24,800 | -€794 | -3.1% |
| Other operating charges | 640/8 | €7,707 | €8,690 | +€983 | +12.8% |
| Gross operating margin | 9900 | €80,201 | €379,116 | +€298,914 | +372.7% |
| Operating profit (loss) | 9901 | -€121,510 | €56,071 | +€177,582 | |
| Financial income | 75/76B | €10,687 | €3,872 | -€6,815 | -63.8% |
| Recurring financial income | 75 | €10,687 | €3,872 | -€6,815 | -63.8% |
| Financial charges | 65/66B | €18,649 | €18,863 | +€215 | +1.2% |
| Recurring financial charges | 65 | €18,649 | €18,863 | +€215 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€129,472 | €41,080 | +€170,552 | |
| Income taxes | 67/77 | €270 | €210 | -€60 | -22.2% |
| Profit (loss) for the period | 9904 | -€129,742 | €40,870 | +€170,612 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,742 | €40,870 | +€170,612 |
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.