E POWER: 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.
E POWER
Largest movements
- Receivables within one year -€455,400
down €455,400 (-22.3%), from €2.0m to €1.6m
of which Other amounts receivable: -€588,799
- Other debts -€460,410
down €460,410 (-42.8%), from €1.1m to €615,988
- Trade debts -€237,501
down €237,501 (-33.2%), from €716,362 to €478,861
- Tax, wage and social debts +€224,270
up €224,270 (+55.3%), from €405,398 to €629,668
of which Taxes: +€213,004
- Gross operating margin -€280,160
down €280,160 (-17.8%), from €1.6m to €1.3m
- Taxes -€62,861
down €62,861 (-21.2%), from €296,323 to €233,462
- Staff costs -€37,603
down €37,603 (-7.4%), from €510,806 to €473,203
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 | €2,211,858 | €1,738,085 | -€473,773 | -21.4% |
| Fixed assets | 21/28 | €12,011 | €7,295 | -€4,716 | -39.3% |
| Tangible fixed assets | 22/27 | €12,011 | €7,295 | -€4,716 | -39.3% |
| Plant, machinery and equipment | 23 | €9,576 | €6,936 | -€2,639 | -27.6% |
| Furniture and vehicles | 24 | €2,435 | €359 | -€2,076 | -85.3% |
| Current assets | 29/58 | €2,199,847 | €1,730,790 | -€469,057 | -21.3% |
| Amounts receivable within one year | 40/41 | €2,045,697 | €1,590,297 | -€455,400 | -22.3% |
| Trade receivables | 40 | €653,169 | €786,568 | +€133,399 | +20.4% |
| Other amounts receivable | 41 | €1,392,528 | €803,729 | -€588,799 | -42.3% |
| Cash at bank and in hand | 54/58 | €104,612 | €98,879 | -€5,733 | -5.5% |
| Deferred charges and accrued income | 490/1 | €49,538 | €41,614 | -€7,924 | -16.0% |
| Total equity and liabilities | 10/49 | €2,211,858 | €1,738,085 | -€473,773 | -21.4% |
| Equity | 10/15 | €13,568 | €13,568 | = | 0.0% |
| Contributions | 10/11 | €13,568 | €13,568 | = | 0.0% |
| Amounts payable | 17/49 | €2,198,290 | €1,724,517 | -€473,773 | -21.6% |
| Amounts payable within one year | 42/48 | €2,198,290 | €1,724,517 | -€473,773 | -21.6% |
| Financial debts | 43 | €132 | - | -€132 | |
| Credit institutions | 430/8 | €132 | - | -€132 | |
| Trade debts | 44 | €716,362 | €478,861 | -€237,501 | -33.2% |
| Suppliers | 440/4 | €716,362 | €478,861 | -€237,501 | -33.2% |
| Taxes, remuneration and social security | 45 | €405,398 | €629,668 | +€224,270 | +55.3% |
| Taxes | 450/3 | €363,177 | €576,181 | +€213,004 | +58.7% |
| Remuneration and social security | 454/9 | €42,222 | €53,487 | +€11,266 | +26.7% |
| Other amounts payable | 47/48 | €1,076,398 | €615,988 | -€460,410 | -42.8% |
| Non-recurring operating income | 76A | €175,000 | - | -€175,000 | |
| Remuneration, social security and pensions | 62 | €510,806 | €473,203 | -€37,603 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,872 | €4,716 | -€6,157 | -56.6% |
| Other operating charges | 640/8 | €2,443 | €3,996 | +€1,553 | +63.6% |
| Gross operating margin | 9900 | €1,573,123 | €1,292,963 | -€280,160 | -17.8% |
| Operating profit (loss) | 9901 | €1,049,002 | €811,048 | -€237,954 | -22.7% |
| Financial income | 75/76B | €33,954 | €47,651 | +€13,697 | +40.3% |
| Recurring financial income | 75 | €33,954 | €47,651 | +€13,697 | +40.3% |
| Financial charges | 65/66B | €13,177 | €9,946 | -€3,231 | -24.5% |
| Recurring financial charges | 65 | €13,177 | €9,946 | -€3,231 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €1,069,779 | €848,754 | -€221,026 | -20.7% |
| Income taxes | 67/77 | €296,323 | €233,462 | -€62,861 | -21.2% |
| Profit (loss) for the period | 9904 | €773,456 | €615,291 | -€158,165 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €773,456 | €615,291 | -€158,165 | -20.4% |
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 21 October 2026 via checked.be.