F. POWER SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets +€63,874
up €63,874 (+27.3%), from €234,065 to €297,939
of which Plant, machinery and equipment: +€89,974
- Intangible fixed assets -€23,661
down €23,661 (-89.7%), from €26,387 to €2,726
- Receivables within one year -€7,474
down €7,474 (-14.1%), from €53,168 to €45,694
of which Other amounts receivable: -€48,907
- Profit (loss) carried forward +€62,214
up €62,214 (+75.8%), from -€82,026 to -€19,812
- Debts after one year -€30,609
down €30,609 (-32.9%), from €93,131 to €62,522
- Other debts +€13,200
up €13,200 (+7.2%), from €183,300 to €196,500
- Trade debts -€11,074
down €11,074 (-26.5%), from €41,835 to €30,760
- Turnover +€111,237
up €111,237 (+218.7%), from €50,874 to €162,111
- Gross operating margin +€94,904
up €94,904 (+326.7%), from €29,048 to €123,952
- Purchases and services +€16,883
up €16,883 (+77.4%), from €21,826 to €38,709
- Depreciation +€9,140
up €9,140 (+17.5%), from €52,125 to €61,264
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 | €327,831 | €360,634 | +€32,803 | +10.0% |
| Fixed assets | 21/28 | €260,452 | €300,665 | +€40,213 | +15.4% |
| Intangible fixed assets | 21 | €26,387 | €2,726 | -€23,661 | -89.7% |
| Tangible fixed assets | 22/27 | €234,065 | €297,939 | +€63,874 | +27.3% |
| Plant, machinery and equipment | 23 | €51,365 | €141,339 | +€89,974 | +175.2% |
| Leasing and similar rights | 25 | €182,700 | €156,600 | -€26,100 | -14.3% |
| Current assets | 29/58 | €67,379 | €59,969 | -€7,410 | -11.0% |
| Stocks and contracts in progress | 3 | €7,692 | €9,530 | +€1,838 | +23.9% |
| Stocks | 30/36 | €7,692 | €9,530 | +€1,838 | +23.9% |
| Amounts receivable within one year | 40/41 | €53,168 | €45,694 | -€7,474 | -14.1% |
| Trade receivables | 40 | €1,970 | €43,403 | +€41,433 | +2103.2% |
| Other amounts receivable | 41 | €51,198 | €2,291 | -€48,907 | -95.5% |
| Cash at bank and in hand | 54/58 | €5,532 | €3,724 | -€1,808 | -32.7% |
| Deferred charges and accrued income | 490/1 | €988 | €1,022 | +€34 | +3.5% |
| Total equity and liabilities | 10/49 | €327,831 | €360,634 | +€32,803 | +10.0% |
| Equity | 10/15 | -€20,606 | €40,243 | +€60,849 | |
| Contributions | 10/11 | €50,500 | €50,500 | = | 0.0% |
| Capital | 10 | €50,500 | €50,500 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Uncalled capital | 101 | €49,500 | €49,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,026 | -€19,812 | +€62,214 | +75.8% |
| Investment grants | 15 | €10,920 | €9,555 | -€1,365 | -12.5% |
| Amounts payable | 17/49 | €348,436 | €320,391 | -€28,046 | -8.0% |
| Amounts payable after more than one year | 17 | €93,131 | €62,522 | -€30,609 | -32.9% |
| Financial debts | 170/4 | €93,131 | €62,522 | -€30,609 | -32.9% |
| Amounts payable within one year | 42/48 | €255,306 | €257,869 | +€2,563 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €30,171 | €30,609 | +€437 | +1.4% |
| Trade debts | 44 | €41,835 | €30,760 | -€11,074 | -26.5% |
| Suppliers | 440/4 | €41,835 | €30,760 | -€11,074 | -26.5% |
| Other amounts payable | 47/48 | €183,300 | €196,500 | +€13,200 | +7.2% |
| Turnover | 70 | €50,874 | €162,111 | +€111,237 | +218.7% |
| Non-recurring operating income | 76A | - | €550 | +€550 | |
| Goods, raw materials, services and sundry goods | 60/61 | €21,826 | €38,709 | +€16,883 | +77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,125 | €61,264 | +€9,140 | +17.5% |
| Other operating charges | 640/8 | €151 | €151 | = | 0.0% |
| Gross operating margin | 9900 | €29,048 | €123,952 | +€94,904 | +326.7% |
| Operating profit (loss) | 9901 | -€23,228 | €62,537 | +€85,765 | |
| Financial income | 75/76B | €1,365 | €1,365 | = | 0.0% |
| Recurring financial income | 75 | €1,365 | €1,365 | = | 0.0% |
| Financial charges | 65/66B | €2,640 | €1,688 | -€952 | -36.1% |
| Recurring financial charges | 65 | €2,640 | €1,688 | -€952 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,503 | €62,214 | +€86,717 | |
| Profit (loss) for the period | 9904 | -€24,503 | €62,214 | +€86,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,503 | €62,214 | +€86,717 |
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.