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.
LOCAL ENERGY SAVING SOLUTIONS 3
Largest movements
- Tangible fixed assets -€335,904
down €335,904 (-8.0%), from €4.2m to €3.8m
- Cash -€125,800
down €125,800 (-36.2%), from €347,130 to €221,330
mainly Debts after one year (-€364,000) and Other debts (-€100,000)
- Receivables within one year -€76,445
down €76,445 (-32.3%), from €236,668 to €160,223
- Debts after one year -€364,000
down €364,000 (-8.8%), from €4.1m to €3.8m
- Other debts -€100,000
down €100,000 (-66.7%), from €150,000 to €50,000
- Current portion of long-term debt -€91,000
down €91,000 (-20.0%), from €455,000 to €364,000
- Gross operating margin +€33,182
up €33,182 (+6.6%), from €503,391 to €536,572
- Provisions -€29,724
down €29,724, from €26,587 to -€3,137
- Other operating charges -€19,039
down €19,039 (-94.3%), from €20,185 to €1,146
- Financial charges -€10,598
down €10,598 (-6.0%), from €177,057 to €166,459
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 | €5,237,562 | €4,654,325 | -€583,237 | -11.1% |
| Fixed assets | 21/28 | €4,644,835 | €4,268,795 | -€376,040 | -8.1% |
| Intangible fixed assets | 21 | €468,532 | €428,396 | -€40,136 | -8.6% |
| Tangible fixed assets | 22/27 | €4,176,303 | €3,840,399 | -€335,904 | -8.0% |
| Plant, machinery and equipment | 23 | €4,176,303 | €3,840,399 | -€335,904 | -8.0% |
| Current assets | 29/58 | €592,727 | €385,530 | -€207,197 | -35.0% |
| Amounts receivable within one year | 40/41 | €236,668 | €160,223 | -€76,445 | -32.3% |
| Trade receivables | 40 | €236,668 | €160,223 | -€76,445 | -32.3% |
| Cash at bank and in hand | 54/58 | €347,130 | €221,330 | -€125,800 | -36.2% |
| Deferred charges and accrued income | 490/1 | €8,929 | €3,977 | -€4,952 | -55.5% |
| Total equity and liabilities | 10/49 | €5,237,562 | €4,654,325 | -€583,237 | -11.1% |
| Equity | 10/15 | €5,778 | €4,690 | -€1,088 | -18.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€382,044 | -€374,589 | +€7,455 | +2.0% |
| Investment grants | 15 | €87,822 | €79,279 | -€8,542 | -9.7% |
| Provisions and deferred taxes | 16 | €191,570 | €185,585 | -€5,985 | -3.1% |
| Provisions for liabilities and charges | 160/5 | €162,296 | €159,159 | -€3,137 | -1.9% |
| Major repairs and maintenance | 162 | €162,296 | €159,159 | -€3,137 | -1.9% |
| Deferred taxes | 168 | €29,274 | €26,426 | -€2,847 | -9.7% |
| Amounts payable | 17/49 | €5,040,214 | €4,464,049 | -€576,165 | -11.4% |
| Amounts payable after more than one year | 17 | €4,145,000 | €3,781,000 | -€364,000 | -8.8% |
| Financial debts | 170/4 | €4,145,000 | €3,781,000 | -€364,000 | -8.8% |
| Amounts payable within one year | 42/48 | €875,548 | €683,049 | -€192,498 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €455,000 | €364,000 | -€91,000 | -20.0% |
| Trade debts | 44 | €248,756 | €248,970 | +€214 | +0.1% |
| Suppliers | 440/4 | €248,756 | €248,970 | +€214 | +0.1% |
| Taxes, remuneration and social security | 45 | €21,792 | €20,079 | -€1,713 | -7.9% |
| Taxes | 450/3 | €21,792 | €20,079 | -€1,713 | -7.9% |
| Other amounts payable | 47/48 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Accrued charges and deferred income | 492/3 | €19,666 | €0 | -€19,666 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376,040 | €376,040 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €26,587 | -€3,137 | -€29,724 | |
| Other operating charges | 640/8 | €20,185 | €1,146 | -€19,039 | -94.3% |
| Gross operating margin | 9900 | €503,391 | €536,572 | +€33,182 | +6.6% |
| Operating profit (loss) | 9901 | €80,579 | €162,524 | +€81,944 | +101.7% |
| Financial income | 75/76B | €8,542 | €8,542 | = | 0.0% |
| Recurring financial income | 75 | €8,542 | €8,542 | = | 0.0% |
| Financial charges | 65/66B | €177,057 | €166,459 | -€10,598 | -6.0% |
| Recurring financial charges | 65 | €177,057 | €166,459 | -€10,598 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€87,935 | €4,607 | +€92,542 | |
| Transfer from deferred taxes | 780 | €2,847 | €2,847 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€85,088 | €7,455 | +€92,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,088 | €7,455 | +€92,542 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 September 2026 via checked.be.