Vnergie: what changed
Two fiscal 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.
Vnergie
Largest movements
- Receivables within one year -€4,824
down €4,824 (-27.0%), from €17,852 to €13,028
of which Other amounts receivable: -€3,050
- Cash +€853
up €853 (+15.7%), from €5,426 to €6,280
mainly Receivables within one year (+€4,824) and Tax, wage and social debts (+€3,248)
- Tangible fixed assets -€241
no longer reported in 2025 (was €241)
- Profit (loss) carried forward -€7,922
down €7,922, from €5,416 to -€2,506
- Tax, wage and social debts +€3,248
up €3,248 (+36.1%), from €8,990 to €12,238
- Other operating charges +€11,059
up €11,059 (+4875.4%), from €227 to €11,286
- Gross operating margin -€5,690
down €5,690 (-48.9%), from €11,633 to €5,943
- Taxes -€3,689
down €3,689 (-77.1%), from €4,782 to €1,093
- Financial charges -€383
down €383 (-22.4%), from €1,712 to €1,328
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.
Cash bridge derived
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 | €23,760 | €19,315 | -€4,445 | -18.7% |
| Fixed assets | 21/28 | €241 | - | -€241 | |
| Tangible fixed assets | 22/27 | €241 | - | -€241 | |
| Furniture and vehicles | 24 | €241 | - | -€241 | |
| Current assets | 29/58 | €23,519 | €19,315 | -€4,203 | -17.9% |
| Amounts receivable within one year | 40/41 | €17,852 | €13,028 | -€4,824 | -27.0% |
| Trade receivables | 40 | €12,716 | €10,943 | -€1,773 | -13.9% |
| Other amounts receivable | 41 | €5,136 | €2,085 | -€3,050 | -59.4% |
| Cash at bank and in hand | 54/58 | €5,426 | €6,280 | +€853 | +15.7% |
| Deferred charges and accrued income | 490/1 | €240 | €7 | -€233 | -97.0% |
| Total equity and liabilities | 10/49 | €23,760 | €19,315 | -€4,445 | -18.7% |
| Equity | 10/15 | €10,416 | €2,494 | -€7,922 | -76.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,416 | -€2,506 | -€7,922 | |
| Amounts payable | 17/49 | €13,344 | €16,821 | +€3,477 | +26.1% |
| Amounts payable within one year | 42/48 | €13,344 | €16,821 | +€3,477 | +26.1% |
| Trade debts | 44 | €4,354 | €4,583 | +€229 | +5.3% |
| Suppliers | 440/4 | €4,354 | €4,583 | +€229 | +5.3% |
| Taxes, remuneration and social security | 45 | €8,990 | €12,238 | +€3,248 | +36.1% |
| Taxes | 450/3 | €8,990 | €12,238 | +€3,248 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €241 | -€58 | -19.4% |
| Other operating charges | 640/8 | €227 | €11,286 | +€11,059 | +4875.4% |
| Gross operating margin | 9900 | €11,633 | €5,943 | -€5,690 | -48.9% |
| Operating profit (loss) | 9901 | €11,106 | -€5,585 | -€16,691 | |
| Financial income | 75/76B | €156 | €84 | -€72 | -46.0% |
| Recurring financial income | 75 | €156 | €84 | -€72 | -46.0% |
| Financial charges | 65/66B | €1,712 | €1,328 | -€383 | -22.4% |
| Recurring financial charges | 65 | €1,712 | €1,328 | -€383 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €9,550 | -€6,829 | -€16,379 | |
| Income taxes | 67/77 | €4,782 | €1,093 | -€3,689 | -77.1% |
| Profit (loss) for the period | 9904 | €4,768 | -€7,922 | -€12,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,768 | -€7,922 | -€12,690 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.