TRANSENERGIE: 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.
TRANSENERGIE
Largest movements
- Financial fixed assets +€7.5m
up €7.5m (+135%), from €5.6m to €13.1m
- Cash +€640,169
up €640,169 (+198%), from €324,124 to €964,293
mainly Other debts (+€9.7m) and Accrued charges and deferred income (+€495,685)
- Receivables within one year +€509,755
up €509,755 (+95.9%), from €531,750 to €1.0m
of which Other amounts receivable: +€396,042
- Other debts +€9.7m
up €9.7m (+108%), from €9.0m to €18.7m
- Profit (loss) carried forward -€1.6m
down €1.6m (-55.1%), from -€3.0m to -€4.6m
- Accrued charges and deferred income +€495,685
up €495,685 (+268%), from €184,613 to €680,298
- Financial charges -€1.9m
down €1.9m (-69.2%), from €2.7m to €830,746
of which Non-recurring financial charges: -€2.5m
- Gross operating margin -€550,062
down €550,062 (-239%), from -€229,753 to -€779,814
- Other operating charges -€8,376
down €8,376 (-16.4%), from €51,138 to €42,762
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 | €6,622,632 | €15,268,690 | +€8.6m | +131% |
| Fixed assets | 21/28 | €5,755,636 | €13,251,116 | +€7.5m | +130% |
| Intangible fixed assets | 21 | €199,400 | €199,400 | = | 0.0% |
| Financial fixed assets | 28 | €5,556,236 | €13,051,716 | +€7.5m | +135% |
| Current assets | 29/58 | €866,996 | €2,017,574 | +€1.2m | +133% |
| Amounts receivable within one year | 40/41 | €531,750 | €1,041,505 | +€509,755 | +95.9% |
| Trade receivables | 40 | - | €113,713 | +€113,713 | |
| Other amounts receivable | 41 | €531,750 | €927,792 | +€396,042 | +74.5% |
| Cash at bank and in hand | 54/58 | €324,124 | €964,293 | +€640,169 | +198% |
| Deferred charges and accrued income | 490/1 | €11,122 | €11,776 | +€654 | +5.9% |
| Total equity and liabilities | 10/49 | €6,622,632 | €15,268,690 | +€8.6m | +131% |
| Equity | 10/15 | -€2,904,781 | -€4,538,436 | -€1.6m | -56.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,966,281 | -€4,599,936 | -€1.6m | -55.1% |
| Amounts payable | 17/49 | €9,527,413 | €19,807,125 | +€10.3m | +108% |
| Amounts payable within one year | 42/48 | €9,342,800 | €19,126,828 | +€9.8m | +105% |
| Trade debts | 44 | €342,800 | €449,215 | +€106,415 | +31.0% |
| Suppliers | 440/4 | €342,800 | €449,215 | +€106,415 | +31.0% |
| Other amounts payable | 47/48 | €9,000,000 | €18,677,613 | +€9.7m | +108% |
| Accrued charges and deferred income | 492/3 | €184,613 | €680,298 | +€495,685 | +268% |
| Other operating charges | 640/8 | €51,138 | €42,762 | -€8,376 | -16.4% |
| Gross operating margin | 9900 | -€229,753 | -€779,814 | -€550,062 | -239% |
| Operating profit (loss) | 9901 | -€280,890 | -€822,576 | -€541,686 | -193% |
| Financial income | 75/76B | €11,924 | €19,667 | +€7,743 | +64.9% |
| Recurring financial income | 75 | €11,924 | €19,667 | +€7,743 | +64.9% |
| Financial charges | 65/66B | €2,697,314 | €830,746 | -€1.9m | -69.2% |
| Recurring financial charges | 65 | €197,071 | €830,746 | +€633,674 | +322% |
| Non-recurring financial charges | 66B | €2,500,243 | €0 | -€2.5m | -100% |
| Profit (loss) for the period before taxes | 9903 | -€2,966,281 | -€1,633,655 | +€1.3m | +44.9% |
| Profit (loss) for the period | 9904 | -€2,966,281 | -€1,633,655 | +€1.3m | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,966,281 | -€1,633,655 | +€1.3m | +44.9% |
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 25 October 2026 via checked.be.