SENERGY: 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.
SENERGY
Largest movements
- Current investments -€17,002
down €17,002 (-17.7%), from €96,002 to €79,000
- Cash +€11,208
up €11,208 (+7.2%), from €154,633 to €165,840
mainly Net result for the year (+€48,920) and Current investments (+€17,002)
- Reserves -€7,811
down €7,811 (-2.8%), from €275,756 to €267,945
of which Distributable reserves: -€7,811
- Taxes +€3,617
up €3,617 (+19.9%), from €18,197 to €21,813
- Financial income +€3,354
up €3,354 (+120%), from €2,796 to €6,150
- Other operating charges -€2,607
down €2,607 (-79.9%), from €3,263 to €656
- Gross operating margin -€1,571
down €1,571 (-2.3%), from €68,277 to €66,706
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,153 | €289,978 | -€9,175 | -3.1% |
| Fixed assets | 21/28 | €12,494 | €11,151 | -€1,343 | -10.7% |
| Tangible fixed assets | 22/27 | €12,494 | €11,151 | -€1,343 | -10.7% |
| Land and buildings | 22 | €5,484 | €4,835 | -€649 | -11.8% |
| Plant, machinery and equipment | 23 | €6,930 | €6,316 | -€614 | -8.9% |
| Furniture and vehicles | 24 | €80 | - | -€80 | |
| Current assets | 29/58 | €286,660 | €278,827 | -€7,833 | -2.7% |
| Amounts receivable within one year | 40/41 | €34,369 | €32,178 | -€2,191 | -6.4% |
| Trade receivables | 40 | €16,898 | €27,030 | +€10,132 | +60.0% |
| Other amounts receivable | 41 | €17,471 | €5,149 | -€12,323 | -70.5% |
| Current investments | 50/53 | €96,002 | €79,000 | -€17,002 | -17.7% |
| Cash at bank and in hand | 54/58 | €154,633 | €165,840 | +€11,208 | +7.2% |
| Deferred charges and accrued income | 490/1 | €1,656 | €1,808 | +€153 | +9.2% |
| Total equity and liabilities | 10/49 | €299,153 | €289,978 | -€9,175 | -3.1% |
| Equity | 10/15 | €281,956 | €274,145 | -€7,811 | -2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €275,756 | €267,945 | -€7,811 | -2.8% |
| Tax-exempt reserves | 132 | €2,816 | €2,816 | = | 0.0% |
| Distributable reserves | 133 | €272,939 | €265,129 | -€7,811 | -2.9% |
| Amounts payable | 17/49 | €17,198 | €15,833 | -€1,365 | -7.9% |
| Amounts payable within one year | 42/48 | €17,198 | €15,833 | -€1,365 | -7.9% |
| Trade debts | 44 | €3,109 | €1,401 | -€1,707 | -54.9% |
| Suppliers | 440/4 | €3,109 | €1,401 | -€1,707 | -54.9% |
| Taxes, remuneration and social security | 45 | €14,089 | €14,432 | +€343 | +2.4% |
| Taxes | 450/3 | €14,089 | €14,432 | +€343 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €1,343 | -€668 | -33.2% |
| Other operating charges | 640/8 | €3,263 | €656 | -€2,607 | -79.9% |
| Gross operating margin | 9900 | €68,277 | €66,706 | -€1,571 | -2.3% |
| Operating profit (loss) | 9901 | €63,003 | €64,708 | +€1,705 | +2.7% |
| Financial income | 75/76B | €2,796 | €6,150 | +€3,354 | +120% |
| Recurring financial income | 75 | €2,796 | €6,150 | +€3,354 | +120% |
| Financial charges | 65/66B | €125 | €125 | = | 0.0% |
| Recurring financial charges | 65 | €125 | €125 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €65,675 | €70,733 | +€5,059 | +7.7% |
| Income taxes | 67/77 | €18,197 | €21,813 | +€3,617 | +19.9% |
| Profit (loss) for the period | 9904 | €47,478 | €48,920 | +€1,442 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,478 | €48,920 | +€1,442 | +3.0% |
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 16 October 2026 via checked.be.