NRGize: what changed
NRGize
Largest movements
- Cash -€68,904
down €68,904 (-60.0%), from €114,895 to €45,991
mainly Other debts (-€86,501) and Debts after one year (-€12,513)
- Tangible fixed assets -€19,404
down €19,404 (-18.5%), from €105,117 to €85,713
of which Furniture and vehicles: -€11,246
- Receivables within one year +€9,504
up €9,504 (+34.6%), from €27,472 to €36,976
of which Trade receivables: +€12,372
- Other debts -€86,501
down €86,501 (-85.1%), from €101,639 to €15,138
- Reserves +€29,263
up €29,263 (+179%), from €16,324 to €45,587
- Debts after one year -€12,513
down €12,513 (-16.0%), from €78,021 to €65,508
- Tax, wage and social debts -€4,454
down €4,454 (-34.3%), from €12,970 to €8,515
- Current portion of long-term debt -€3,516
down €3,516 (-21.2%), from €16,585 to €13,070
- Gross operating margin -€1,923
down €1,923 (-3.1%), from €61,161 to €59,238
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,912 | €171,329 | -€78,583 | -31.4% |
| Fixed assets | 21/28 | €105,213 | €85,809 | -€19,404 | -18.4% |
| Tangible fixed assets | 22/27 | €105,117 | €85,713 | -€19,404 | -18.5% |
| Land and buildings | 22 | €75,689 | €68,767 | -€6,922 | -9.1% |
| Plant, machinery and equipment | 23 | €2,007 | €1,771 | -€236 | -11.8% |
| Furniture and vehicles | 24 | €24,671 | €13,425 | -€11,246 | -45.6% |
| Other tangible fixed assets | 26 | €2,750 | €1,750 | -€1,000 | -36.4% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €144,700 | €85,520 | -€59,179 | -40.9% |
| Amounts receivable within one year | 40/41 | €27,472 | €36,976 | +€9,504 | +34.6% |
| Trade receivables | 40 | €24,472 | €36,845 | +€12,372 | +50.6% |
| Other amounts receivable | 41 | €3,000 | €131 | -€2,869 | -95.6% |
| Cash at bank and in hand | 54/58 | €114,895 | €45,991 | -€68,904 | -60.0% |
| Deferred charges and accrued income | 490/1 | €2,333 | €2,554 | +€221 | +9.5% |
| Total equity and liabilities | 10/49 | €249,912 | €171,329 | -€78,583 | -31.4% |
| Equity | 10/15 | €34,924 | €64,187 | +€29,263 | +83.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,324 | €45,587 | +€29,263 | +179% |
| Distributable reserves | 133 | €16,324 | €45,587 | +€29,263 | +179% |
| Amounts payable | 17/49 | €214,989 | €107,142 | -€107,846 | -50.2% |
| Amounts payable after more than one year | 17 | €78,021 | €65,508 | -€12,513 | -16.0% |
| Financial debts | 170/4 | €78,021 | €65,508 | -€12,513 | -16.0% |
| Amounts payable within one year | 42/48 | €136,968 | €41,634 | -€95,333 | -69.6% |
| Current portion of amounts payable after more than one year | 42 | €16,585 | €13,070 | -€3,516 | -21.2% |
| Trade debts | 44 | €5,774 | €4,911 | -€863 | -14.9% |
| Suppliers | 440/4 | €5,774 | €4,911 | -€863 | -14.9% |
| Taxes, remuneration and social security | 45 | €12,970 | €8,515 | -€4,454 | -34.3% |
| Taxes | 450/3 | €12,970 | €8,515 | -€4,454 | -34.3% |
| Other amounts payable | 47/48 | €101,639 | €15,138 | -€86,501 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,404 | €19,404 | = | 0.0% |
| Other operating charges | 640/8 | €648 | €961 | +€313 | +48.3% |
| Gross operating margin | 9900 | €61,161 | €59,238 | -€1,923 | -3.1% |
| Operating profit (loss) | 9901 | €41,109 | €38,873 | -€2,236 | -5.4% |
| Financial income | 75/76B | €6 | €24 | +€18 | +327% |
| Recurring financial income | 75 | €6 | €24 | +€18 | +327% |
| Financial charges | 65/66B | €1,766 | €1,574 | -€192 | -10.9% |
| Recurring financial charges | 65 | €1,766 | €1,574 | -€192 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €39,349 | €37,323 | -€2,026 | -5.1% |
| Income taxes | 67/77 | €8,386 | €8,060 | -€326 | -3.9% |
| Profit (loss) for the period | 9904 | €30,963 | €29,263 | -€1,700 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,963 | €29,263 | -€1,700 | -5.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.