Alternative Power Generation Systems: 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.
Alternative Power Generation Systems
Largest movements
- Tangible fixed assets -€17,533
down €17,533 (-6.2%), from €281,419 to €263,887
- Cash -€14,206
down €14,206 (-93.1%), from €15,255 to €1,049
mainly Net result for the year (-€64,463) and Debts after one year (-€12,556)
- Reserves -€64,463
down €64,463 (-81.5%), from €79,124 to €14,661
of which Distributable reserves: -€64,463
- Other debts +€48,046
up €48,046 (+160%), from €30,000 to €78,046
- Debts after one year -€12,556
down €12,556 (-8.1%), from €154,832 to €142,276
- Other operating charges +€48,338
up €48,338 (+8,152%), from €593 to €48,931
- Depreciation +€9,910
up €9,910 (+130%), from €7,623 to €17,533
- Financial charges +€2,063
up €2,063 (+63.9%), from €3,227 to €5,289
- Staff costs -€1,540
down €1,540 (-100%), from €1,540 to €0
- Gross operating margin -€1,510
down €1,510 (-17.2%), from €8,800 to €7,290
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,598 | €277,313 | -€29,285 | -9.6% |
| Fixed assets | 21/28 | €281,419 | €263,887 | -€17,533 | -6.2% |
| Tangible fixed assets | 22/27 | €281,419 | €263,887 | -€17,533 | -6.2% |
| Land and buildings | 22 | €281,419 | €263,887 | -€17,533 | -6.2% |
| Current assets | 29/58 | €25,179 | €13,426 | -€11,753 | -46.7% |
| Amounts receivable within one year | 40/41 | €8,777 | €11,230 | +€2,453 | +28.0% |
| Trade receivables | 40 | €8,777 | €4,840 | -€3,937 | -44.9% |
| Other amounts receivable | 41 | - | €6,390 | +€6,390 | |
| Cash at bank and in hand | 54/58 | €15,255 | €1,049 | -€14,206 | -93.1% |
| Deferred charges and accrued income | 490/1 | €1,146 | €1,147 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €306,598 | €277,313 | -€29,285 | -9.6% |
| Equity | 10/15 | €104,124 | €39,661 | -€64,463 | -61.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €79,124 | €14,661 | -€64,463 | -81.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €76,624 | €12,161 | -€64,463 | -84.1% |
| Amounts payable | 17/49 | €202,474 | €237,651 | +€35,178 | +17.4% |
| Amounts payable after more than one year | 17 | €154,832 | €142,276 | -€12,556 | -8.1% |
| Financial debts | 170/4 | €154,832 | €142,276 | -€12,556 | -8.1% |
| Amounts payable within one year | 42/48 | €47,386 | €92,861 | +€45,475 | +96.0% |
| Current portion of amounts payable after more than one year | 42 | €13,356 | €13,593 | +€237 | +1.8% |
| Trade debts | 44 | €3,669 | €733 | -€2,936 | -80.0% |
| Suppliers | 440/4 | €3,669 | €733 | -€2,936 | -80.0% |
| Taxes, remuneration and social security | 45 | €361 | €490 | +€129 | +35.7% |
| Taxes | 450/3 | €361 | €490 | +€129 | +35.7% |
| Other amounts payable | 47/48 | €30,000 | €78,046 | +€48,046 | +160% |
| Accrued charges and deferred income | 492/3 | €255 | €2,514 | +€2,259 | +886% |
| Remuneration, social security and pensions | 62 | €1,540 | €0 | -€1,540 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,623 | €17,533 | +€9,910 | +130% |
| Other operating charges | 640/8 | €593 | €48,931 | +€48,338 | +8,152% |
| Gross operating margin | 9900 | €8,800 | €7,290 | -€1,510 | -17.2% |
| Operating profit (loss) | 9901 | -€955 | -€59,173 | -€58,218 | -6,093% |
| Financial charges | 65/66B | €3,227 | €5,289 | +€2,063 | +63.9% |
| Recurring financial charges | 65 | €3,227 | €5,289 | +€2,063 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,182 | -€64,463 | -€60,281 | -1,441% |
| Income taxes | 67/77 | €164 | €0 | -€164 | -100% |
| Profit (loss) for the period | 9904 | -€4,347 | -€64,463 | -€60,116 | -1,383% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,347 | -€64,463 | -€60,116 | -1,383% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.