BW Power: 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.
BW Power
Largest movements
- Cash -€54,707
down €54,707 (-83.3%), from €65,645 to €10,938
mainly Other debts (-€77,839) and Receivables within one year (-€39,473)
- Tangible fixed assets -€48,265
down €48,265 (-3.9%), from €1.2m to €1.2m
of which Land and buildings: -€44,145
- Receivables within one year +€39,473
up €39,473 (+67.6%), from €58,420 to €97,893
- Other debts -€77,839
down €77,839 (-8.9%), from €878,869 to €801,031
- Profit (loss) carried forward +€29,947
up €29,947 (+41.8%), from -€71,649 to -€41,702
- Debts after one year -€24,006
down €24,006 (-6.5%), from €368,465 to €344,458
- Gross operating margin +€29,090
up €29,090 (+44.9%), from €64,798 to €93,888
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 | €1,359,205 | €1,295,706 | -€63,499 | -4.7% |
| Fixed assets | 21/28 | €1,235,092 | €1,186,827 | -€48,265 | -3.9% |
| Tangible fixed assets | 22/27 | €1,235,092 | €1,186,827 | -€48,265 | -3.9% |
| Land and buildings | 22 | €1,216,686 | €1,172,541 | -€44,145 | -3.6% |
| Plant, machinery and equipment | 23 | €16,718 | €13,565 | -€3,153 | -18.9% |
| Furniture and vehicles | 24 | €1,688 | €721 | -€967 | -57.3% |
| Current assets | 29/58 | €124,113 | €108,879 | -€15,234 | -12.3% |
| Amounts receivable within one year | 40/41 | €58,420 | €97,893 | +€39,473 | +67.6% |
| Trade receivables | 40 | €58,420 | €97,893 | +€39,473 | +67.6% |
| Cash at bank and in hand | 54/58 | €65,645 | €10,938 | -€54,707 | -83.3% |
| Deferred charges and accrued income | 490/1 | €48 | €48 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,359,205 | €1,295,706 | -€63,499 | -4.7% |
| Equity | 10/15 | €78,351 | €108,298 | +€29,947 | +38.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,649 | -€41,702 | +€29,947 | +41.8% |
| Amounts payable | 17/49 | €1,280,854 | €1,187,408 | -€93,446 | -7.3% |
| Amounts payable after more than one year | 17 | €368,465 | €344,458 | -€24,006 | -6.5% |
| Financial debts | 170/4 | €368,465 | €344,458 | -€24,006 | -6.5% |
| Amounts payable within one year | 42/48 | €912,389 | €842,949 | -€69,440 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €23,764 | €24,006 | +€242 | +1.0% |
| Trade debts | 44 | €1,384 | €215 | -€1,169 | -84.5% |
| Suppliers | 440/4 | €1,384 | €215 | -€1,169 | -84.5% |
| Taxes, remuneration and social security | 45 | €8,371 | €17,697 | +€9,326 | +111.4% |
| Taxes | 450/3 | €8,371 | €17,697 | +€9,326 | +111.4% |
| Other amounts payable | 47/48 | €878,869 | €801,031 | -€77,839 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,265 | €48,265 | = | 0.0% |
| Other operating charges | 640/8 | €11,281 | €11,530 | +€248 | +2.2% |
| Gross operating margin | 9900 | €64,798 | €93,888 | +€29,090 | +44.9% |
| Operating profit (loss) | 9901 | €5,252 | €34,094 | +€28,842 | +549.2% |
| Financial charges | 65/66B | €4,366 | €4,146 | -€219 | -5.0% |
| Recurring financial charges | 65 | €4,366 | €4,146 | -€219 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €886 | €29,947 | +€29,061 | +3280.1% |
| Profit (loss) for the period | 9904 | €886 | €29,947 | +€29,061 | +3280.1% |
| Profit (loss) for the period to be appropriated | 9905 | €886 | €29,947 | +€29,061 | +3280.1% |
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 4 October 2026 via checked.be.