POSITIVE 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.
POSITIVE ENERGY
Largest movements
- Current investments +€75,000
up €75,000 (+42.9%), from €175,000 to €250,000
- Tangible fixed assets -€51,118
down €51,118 (-11.3%), from €451,575 to €400,457
of which Land and buildings: -€26,451
- Cash -€44,009
down €44,009 (-77.6%), from €56,701 to €12,692
mainly Current investments (-€75,000) and Net result for the year (-€21,653)
- Receivables within one year -€11,237
down €11,237 (-44.5%), from €25,239 to €14,002
of which Trade receivables: -€21,690
- Reserves -€21,653
down €21,653 (-4.0%), from €547,658 to €526,006
of which Distributable reserves: -€21,653
- Tax, wage and social debts -€10,723
down €10,723 (-83.4%), from €12,863 to €2,140
of which Taxes: -€10,777
- Other debts +€10,236
up €10,236 (+7.6%), from €134,337 to €144,573
- Accrued charges and deferred income -€9,591
down €9,591 (-95.0%), from €10,096 to €505
- Gross operating margin -€184,693
down €184,693 (-86.5%), from €213,588 to €28,895
- Taxes -€49,693
down €49,693 (-99.2%), from €50,084 to €391
- Financial charges -€9,323
down €9,323 (-98.2%), from €9,495 to €172
- Depreciation +€7,676
up €7,676 (+17.7%), from €43,442 to €51,118
- Financial income +€2,300
up €2,300 (+109%), from €2,108 to €4,408
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 | €718,965 | €686,431 | -€32,535 | -4.5% |
| Fixed assets | 21/28 | €453,565 | €402,447 | -€51,118 | -11.3% |
| Tangible fixed assets | 22/27 | €451,575 | €400,457 | -€51,118 | -11.3% |
| Land and buildings | 22 | €373,991 | €347,540 | -€26,451 | -7.1% |
| Furniture and vehicles | 24 | €77,584 | €52,916 | -€24,667 | -31.8% |
| Financial fixed assets | 28 | €1,990 | €1,990 | = | 0.0% |
| Current assets | 29/58 | €265,401 | €283,984 | +€18,583 | +7.0% |
| Amounts receivable within one year | 40/41 | €25,239 | €14,002 | -€11,237 | -44.5% |
| Trade receivables | 40 | €21,690 | - | -€21,690 | |
| Other amounts receivable | 41 | €3,549 | €14,002 | +€10,453 | +295% |
| Current investments | 50/53 | €175,000 | €250,000 | +€75,000 | +42.9% |
| Cash at bank and in hand | 54/58 | €56,701 | €12,692 | -€44,009 | -77.6% |
| Deferred charges and accrued income | 490/1 | €8,461 | €7,290 | -€1,171 | -13.8% |
| Total equity and liabilities | 10/49 | €718,965 | €686,431 | -€32,535 | -4.5% |
| Equity | 10/15 | €560,058 | €538,406 | -€21,653 | -3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €547,658 | €526,006 | -€21,653 | -4.0% |
| Tax-exempt reserves | 132 | €196 | €196 | = | 0.0% |
| Distributable reserves | 133 | €547,462 | €525,809 | -€21,653 | -4.0% |
| Amounts payable | 17/49 | €158,907 | €148,025 | -€10,882 | -6.8% |
| Amounts payable within one year | 42/48 | €148,811 | €147,520 | -€1,291 | -0.9% |
| Trade debts | 44 | €1,611 | €807 | -€804 | -49.9% |
| Suppliers | 440/4 | €1,611 | €807 | -€804 | -49.9% |
| Taxes, remuneration and social security | 45 | €12,863 | €2,140 | -€10,723 | -83.4% |
| Taxes | 450/3 | €10,777 | - | -€10,777 | |
| Remuneration and social security | 454/9 | €2,086 | €2,140 | +€54 | +2.6% |
| Other amounts payable | 47/48 | €134,337 | €144,573 | +€10,236 | +7.6% |
| Accrued charges and deferred income | 492/3 | €10,096 | €505 | -€9,591 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,442 | €51,118 | +€7,676 | +17.7% |
| Other operating charges | 640/8 | €3,129 | €3,275 | +€146 | +4.7% |
| Gross operating margin | 9900 | €213,588 | €28,895 | -€184,693 | -86.5% |
| Operating profit (loss) | 9901 | €167,018 | -€25,498 | -€192,516 | |
| Financial income | 75/76B | €2,108 | €4,408 | +€2,300 | +109% |
| Recurring financial income | 75 | €2,108 | €4,408 | +€2,300 | +109% |
| Financial charges | 65/66B | €9,495 | €172 | -€9,323 | -98.2% |
| Recurring financial charges | 65 | €9,495 | €172 | -€9,323 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €159,631 | -€21,262 | -€180,893 | |
| Income taxes | 67/77 | €50,084 | €391 | -€49,693 | -99.2% |
| Profit (loss) for the period | 9904 | €109,547 | -€21,653 | -€131,200 | |
| Transfer from tax-exempt reserves | 789 | €37,875 | - | -€37,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,422 | -€21,653 | -€169,075 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.