NRGprojects: 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.
NRGprojects
Largest movements
- Cash -€84,160
down €84,160 (-56.5%), from €149,052 to €64,891
mainly Other debts (-€46,665) and Net result for the year (-€29,827)
- Receivables within one year +€5,481
up €5,481 (+52.7%), from €10,392 to €15,873
of which Trade receivables: +€11,767
- Financial fixed assets -€4,000
down €4,000 (-100%), from €4,000 to €0
- Other debts -€46,665
down €46,665 (-89.8%), from €51,979 to €5,315
- Profit (loss) carried forward -€23,963
new in 2025: -€23,963
- Reserves -€5,864
down €5,864 (-6.6%), from €88,837 to €82,973
of which Distributable reserves: -€4,004
- Tax, wage and social debts -€5,169
down €5,169 (-100%), from €5,169 to €0
- Accrued charges and deferred income -€2,636
down €2,636 (-100%), from €2,636 to €0
- Gross operating margin -€42,970
down €42,970, from €17,122 to -€25,848
- Taxes -€4,725
down €4,725 (-96.7%), from €4,888 to €163
- Financial charges -€1,156
down €1,156 (-91.0%), from €1,270 to €114
- Other operating charges +€924
up €924 (+134%), from €689 to €1,613
- Staff costs +€496
new in 2025: €496
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 | €165,899 | €82,701 | -€83,198 | -50.1% |
| Fixed assets | 21/28 | €6,229 | €636 | -€5,593 | -89.8% |
| Tangible fixed assets | 22/27 | €2,229 | €636 | -€1,593 | -71.5% |
| Plant, machinery and equipment | 23 | €1,045 | €591 | -€454 | -43.4% |
| Furniture and vehicles | 24 | €1,185 | €45 | -€1,139 | -96.2% |
| Financial fixed assets | 28 | €4,000 | €0 | -€4,000 | -100% |
| Current assets | 29/58 | €159,670 | €82,065 | -€77,605 | -48.6% |
| Amounts receivable within one year | 40/41 | €10,392 | €15,873 | +€5,481 | +52.7% |
| Trade receivables | 40 | - | €11,767 | +€11,767 | |
| Other amounts receivable | 41 | €10,392 | €4,106 | -€6,286 | -60.5% |
| Cash at bank and in hand | 54/58 | €149,052 | €64,891 | -€84,160 | -56.5% |
| Deferred charges and accrued income | 490/1 | €226 | €1,300 | +€1,074 | +476% |
| Total equity and liabilities | 10/49 | €165,899 | €82,701 | -€83,198 | -50.1% |
| Equity | 10/15 | €102,037 | €72,210 | -€29,827 | -29.2% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €88,837 | €82,973 | -€5,864 | -6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €86,977 | €82,973 | -€4,004 | -4.6% |
| Profit (loss) carried forward | 14 | - | -€23,963 | -€23,963 | |
| Amounts payable | 17/49 | €63,862 | €10,491 | -€53,371 | -83.6% |
| Amounts payable within one year | 42/48 | €61,226 | €10,491 | -€50,735 | -82.9% |
| Financial debts | 43 | €223 | €369 | +€146 | +65.5% |
| Credit institutions | 430/8 | €223 | €369 | +€146 | +65.5% |
| Trade debts | 44 | €3,855 | €4,808 | +€953 | +24.7% |
| Suppliers | 440/4 | €3,855 | €4,808 | +€953 | +24.7% |
| Taxes, remuneration and social security | 45 | €5,169 | €0 | -€5,169 | -100% |
| Taxes | 450/3 | €5,169 | €0 | -€5,169 | -100% |
| Other amounts payable | 47/48 | €51,979 | €5,315 | -€46,665 | -89.8% |
| Accrued charges and deferred income | 492/3 | €2,636 | €0 | -€2,636 | -100% |
| Remuneration, social security and pensions | 62 | - | €496 | +€496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,883 | €1,593 | -€290 | -15.4% |
| Other operating charges | 640/8 | €689 | €1,613 | +€924 | +134% |
| Gross operating margin | 9900 | €17,122 | -€25,848 | -€42,970 | |
| Operating profit (loss) | 9901 | €14,550 | -€29,550 | -€44,100 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €1,270 | €114 | -€1,156 | -91.0% |
| Recurring financial charges | 65 | €1,270 | €114 | -€1,156 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | €13,281 | -€29,664 | -€42,945 | |
| Income taxes | 67/77 | €4,888 | €163 | -€4,725 | -96.7% |
| Profit (loss) for the period | 9904 | €8,393 | -€29,827 | -€38,220 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,393 | -€29,827 | -€38,220 |
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 19 October 2026 via checked.be.