BePowered: 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.
BePowered
Largest movements
- Intangible fixed assets +€71,975
up €71,975 (+17.4%), from €414,304 to €486,279
- Deferred charges and accrued income -€62,309
down €62,309 (-82.4%), from €75,657 to €13,348
- Receivables within one year +€24,929
up €24,929 (+26.2%), from €95,130 to €120,060
of which Trade receivables: +€24,929
- Cash -€7,002
down €7,002 (-27.5%), from €25,417 to €18,415
mainly Investment in fixed assets (net) (-€106,387) and Receivables within one year (-€24,929)
- Trade debts +€44,002
up €44,002 (+61.9%), from €71,099 to €115,101
- Profit (loss) carried forward +€26,108
up €26,108 (+44.7%), from -€58,353 to -€32,245
- Investment grants -€22,223
down €22,223 (-18.9%), from €117,545 to €95,322
- Other debts -€18,747
down €18,747 (-11.0%), from €170,831 to €152,084
- Provisions -€7,408
down €7,408 (-18.9%), from €39,182 to €31,774
- Depreciation +€34,412
up €34,412, from €0 to €34,412
- Gross operating margin -€19,651
down €19,651 (-15.0%), from €131,001 to €111,350
- Staff costs +€10,235
up €10,235 (+22.7%), from €45,116 to €55,351
- Financial income +€9,932
up €9,932 (+33,105,367%), from €0 to €9,932
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 | €634,988 | €660,128 | +€25,141 | +4.0% |
| Fixed assets | 21/28 | €414,304 | €486,279 | +€71,975 | +17.4% |
| Intangible fixed assets | 21 | €414,304 | €486,279 | +€71,975 | +17.4% |
| Current assets | 29/58 | €220,684 | €173,849 | -€46,835 | -21.2% |
| Stocks and contracts in progress | 3 | €24,480 | €22,027 | -€2,453 | -10.0% |
| Stocks | 30/36 | €24,480 | €22,027 | -€2,453 | -10.0% |
| Amounts receivable within one year | 40/41 | €95,130 | €120,060 | +€24,929 | +26.2% |
| Trade receivables | 40 | €95,130 | €120,060 | +€24,929 | +26.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,417 | €18,415 | -€7,002 | -27.5% |
| Deferred charges and accrued income | 490/1 | €75,657 | €13,348 | -€62,309 | -82.4% |
| Total equity and liabilities | 10/49 | €634,988 | €660,128 | +€25,141 | +4.0% |
| Equity | 10/15 | €190,802 | €194,686 | +€3,884 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,010 | €113,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €111,150 | €113,010 | +€1,860 | +1.7% |
| Profit (loss) carried forward | 14 | -€58,353 | -€32,245 | +€26,108 | +44.7% |
| Investment grants | 15 | €117,545 | €95,322 | -€22,223 | -18.9% |
| Provisions and deferred taxes | 16 | €39,182 | €31,774 | -€7,408 | -18.9% |
| Deferred taxes | 168 | €39,182 | €31,774 | -€7,408 | -18.9% |
| Amounts payable | 17/49 | €405,004 | €433,668 | +€28,664 | +7.1% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €254,493 | €283,668 | +€29,175 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €71,099 | €115,101 | +€44,002 | +61.9% |
| Suppliers | 440/4 | €71,099 | €115,101 | +€44,002 | +61.9% |
| Taxes, remuneration and social security | 45 | €12,564 | €16,484 | +€3,920 | +31.2% |
| Taxes | 450/3 | €7,464 | €9,282 | +€1,819 | +24.4% |
| Remuneration and social security | 454/9 | €5,100 | €7,201 | +€2,101 | +41.2% |
| Other amounts payable | 47/48 | €170,831 | €152,084 | -€18,747 | -11.0% |
| Accrued charges and deferred income | 492/3 | €511 | €0 | -€511 | -100% |
| Remuneration, social security and pensions | 62 | €45,116 | €55,351 | +€10,235 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €34,412 | +€34,412 | |
| Other operating charges | 640/8 | €514 | €520 | +€6 | +1.1% |
| Gross operating margin | 9900 | €131,001 | €111,350 | -€19,651 | -15.0% |
| Operating profit (loss) | 9901 | €85,371 | €21,068 | -€64,303 | -75.3% |
| Financial income | 75/76B | €0 | €9,932 | +€9,932 | +33,105,367% |
| Recurring financial income | 75 | €0 | €9,932 | +€9,932 | +33,105,367% |
| Financial charges | 65/66B | €7,974 | €7,791 | -€183 | -2.3% |
| Recurring financial charges | 65 | €7,974 | €7,791 | -€183 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €77,397 | €23,209 | -€54,188 | -70.0% |
| Transfer from deferred taxes | 780 | - | €3,181 | +€3,181 | |
| Income taxes | 67/77 | €302 | €282 | -€19 | -6.5% |
| Profit (loss) for the period | 9904 | €77,095 | €26,108 | -€50,987 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,095 | €26,108 | -€50,987 | -66.1% |
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 14 October 2026 via checked.be.