Sunergy: 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.
Sunergy
Largest movements
- Cash -€1.4m
no longer reported in 2026 (was €1.4m)
mainly Other debts (-€1.4m) and Receivables within one year (-€337,110)
- Receivables within one year +€337,110
up €337,110 (+357%), from €94,410 to €431,520
of which Other amounts receivable: +€392,085
- Tangible fixed assets -€246,176
down €246,176 (-32.4%), from €758,819 to €512,643
- Other debts -€1.4m
no longer reported in 2026 (was €1.4m)
- Profit (loss) carried forward +€128,808
up €128,808 (+57.9%), from €222,496 to €351,303
- Investment grants -€47,946
down €47,946 (-30.8%), from €155,826 to €107,879
- Financial income +€13,472
up €13,472 (+28.1%), from €47,946 to €61,419
- Taxes +€10,842
up €10,842 (+52.3%), from €20,729 to €31,571
- Gross operating margin +€10,068
up €10,068 (+2.9%), from €349,460 to €359,528
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,246,930 | €944,163 | -€1.3m | -58.0% |
| Fixed assets | 21/28 | €758,819 | €512,643 | -€246,176 | -32.4% |
| Tangible fixed assets | 22/27 | €758,819 | €512,643 | -€246,176 | -32.4% |
| Plant, machinery and equipment | 23 | €758,819 | €512,643 | -€246,176 | -32.4% |
| Current assets | 29/58 | €1,488,112 | €431,520 | -€1.1m | -71.0% |
| Amounts receivable within one year | 40/41 | €94,410 | €431,520 | +€337,110 | +357% |
| Trade receivables | 40 | €88,354 | €33,379 | -€54,975 | -62.2% |
| Other amounts receivable | 41 | €6,056 | €398,141 | +€392,085 | +6,475% |
| Cash at bank and in hand | 54/58 | €1,393,702 | - | -€1.4m | |
| Total equity and liabilities | 10/49 | €2,246,930 | €944,163 | -€1.3m | -58.0% |
| Equity | 10/15 | €763,322 | €844,183 | +€80,861 | +10.6% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | - | -€350,000 | |
| Issued capital | 100 | €350,000 | - | -€350,000 | |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,496 | €351,303 | +€128,808 | +57.9% |
| Investment grants | 15 | €155,826 | €107,879 | -€47,946 | -30.8% |
| Provisions and deferred taxes | 16 | €74,277 | €87,551 | +€13,274 | +17.9% |
| Provisions for liabilities and charges | 160/5 | €74,277 | €87,551 | +€13,274 | +17.9% |
| Other liabilities and charges | 164/5 | €74,277 | €87,551 | +€13,274 | +17.9% |
| Amounts payable | 17/49 | €1,409,331 | €12,429 | -€1.4m | -99.1% |
| Amounts payable within one year | 42/48 | €1,409,331 | €12,429 | -€1.4m | -99.1% |
| Trade debts | 44 | €9,331 | €11,002 | +€1,671 | +17.9% |
| Suppliers | 440/4 | €9,331 | €11,002 | +€1,671 | +17.9% |
| Taxes, remuneration and social security | 45 | - | €1,427 | +€1,427 | |
| Taxes | 450/3 | - | €1,427 | +€1,427 | |
| Other amounts payable | 47/48 | €1,400,000 | - | -€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,176 | €246,176 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,082 | €13,274 | +€193 | +1.5% |
| Other operating charges | 640/8 | €4,648 | €1,118 | -€3,529 | -75.9% |
| Gross operating margin | 9900 | €349,460 | €359,528 | +€10,068 | +2.9% |
| Operating profit (loss) | 9901 | €85,554 | €98,960 | +€13,405 | +15.7% |
| Financial income | 75/76B | €47,946 | €61,419 | +€13,472 | +28.1% |
| Recurring financial income | 75 | €47,946 | €61,419 | +€13,472 | +28.1% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €133,501 | €160,378 | +€26,877 | +20.1% |
| Income taxes | 67/77 | €20,729 | €31,571 | +€10,842 | +52.3% |
| Profit (loss) for the period | 9904 | €112,772 | €128,808 | +€16,036 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €112,772 | €128,808 | +€16,036 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.