F 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.
F POWER
Largest movements
- Receivables within one year +€201,081
up €201,081 (+212.9%), from €94,461 to €295,542
of which Trade receivables: +€179,602
- Tangible fixed assets +€128,246
up €128,246 (+229.4%), from €55,907 to €184,153
of which Furniture and vehicles: +€128,485
- Deferred charges and accrued income -€20,652
down €20,652 (-78.8%), from €26,204 to €5,553
- Other debts +€153,567
up €153,567 (+295.5%), from €51,968 to €205,536
- Trade debts +€124,369
up €124,369 (+150.0%), from €82,890 to €207,259
- Profit (loss) carried forward +€32,688
up €32,688 (+69.6%), from -€46,978 to -€14,290
- Current portion of long-term debt -€6,119
down €6,119 (-82.9%), from €7,380 to €1,261
- Accrued charges and deferred income +€6,001
up €6,001 (+300.3%), from €1,999 to €8,000
- Gross operating margin +€120,827
up €120,827, from -€808 to €120,020
- Depreciation +€24,044
up €24,044 (+143.7%), from €16,729 to €40,773
- Financial charges +€5,809
up €5,809 (+297.6%), from €1,952 to €7,761
- Other operating charges +€2,805
up €2,805 (+57.6%), from €4,870 to €7,675
- Taxes +€1,560
new in 2025: €1,560
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 | €183,135 | €494,585 | +€311,450 | +170.1% |
| Fixed assets | 21/28 | €56,157 | €187,403 | +€131,246 | +233.7% |
| Tangible fixed assets | 22/27 | €55,907 | €184,153 | +€128,246 | +229.4% |
| Plant, machinery and equipment | 23 | €7,478 | €7,239 | -€238 | -3.2% |
| Furniture and vehicles | 24 | €48,430 | €176,914 | +€128,485 | +265.3% |
| Financial fixed assets | 28 | €250 | €3,250 | +€3,000 | +1200.0% |
| Current assets | 29/58 | €126,978 | €307,182 | +€180,204 | +141.9% |
| Amounts receivable within one year | 40/41 | €94,461 | €295,542 | +€201,081 | +212.9% |
| Trade receivables | 40 | €85,514 | €265,116 | +€179,602 | +210.0% |
| Other amounts receivable | 41 | €8,947 | €30,427 | +€21,480 | +240.1% |
| Cash at bank and in hand | 54/58 | €6,313 | €6,087 | -€226 | -3.6% |
| Deferred charges and accrued income | 490/1 | €26,204 | €5,553 | -€20,652 | -78.8% |
| Total equity and liabilities | 10/49 | €183,135 | €494,585 | +€311,450 | +170.1% |
| Equity | 10/15 | -€26,978 | €5,710 | +€32,688 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,978 | -€14,290 | +€32,688 | +69.6% |
| Amounts payable | 17/49 | €210,113 | €488,875 | +€278,763 | +132.7% |
| Amounts payable after more than one year | 17 | €41,492 | €40,000 | -€1,492 | -3.6% |
| Financial debts | 170/4 | €41,492 | €40,000 | -€1,492 | -3.6% |
| Amounts payable within one year | 42/48 | €166,622 | €440,875 | +€274,254 | +164.6% |
| Current portion of amounts payable after more than one year | 42 | €7,380 | €1,261 | -€6,119 | -82.9% |
| Trade debts | 44 | €82,890 | €207,259 | +€124,369 | +150.0% |
| Suppliers | 440/4 | €82,890 | €207,259 | +€124,369 | +150.0% |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €24,383 | €26,620 | +€2,237 | +9.2% |
| Taxes | 450/3 | €24,383 | €26,620 | +€2,237 | +9.2% |
| Other amounts payable | 47/48 | €51,968 | €205,536 | +€153,567 | +295.5% |
| Accrued charges and deferred income | 492/3 | €1,999 | €8,000 | +€6,001 | +300.3% |
| Non-recurring operating income | 76A | €79 | €34,665 | +€34,586 | +43941.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,729 | €40,773 | +€24,044 | +143.7% |
| Other operating charges | 640/8 | €4,870 | €7,675 | +€2,805 | +57.6% |
| Non-recurring operating charges | 66A | - | €29,563 | +€29,563 | |
| Gross operating margin | 9900 | -€808 | €120,020 | +€120,827 | |
| Operating profit (loss) | 9901 | -€22,407 | €42,008 | +€64,415 | |
| Financial income | 75/76B | €584 | €0 | -€584 | -100.0% |
| Recurring financial income | 75 | €584 | €0 | -€584 | -100.0% |
| Financial charges | 65/66B | €1,952 | €7,761 | +€5,809 | +297.6% |
| Recurring financial charges | 65 | €1,952 | €7,761 | +€5,809 | +297.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,775 | €34,248 | +€58,022 | |
| Income taxes | 67/77 | - | €1,560 | +€1,560 | |
| Profit (loss) for the period | 9904 | -€23,775 | €32,688 | +€56,462 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,775 | €32,688 | +€56,462 |
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 7 October 2026 via checked.be.