Powerfleet Belgium: 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.
Powerfleet Belgium
Largest movements
- Receivables within one year +€232,503
up €232,503 (+19.2%), from €1.2m to €1.4m
of which Trade receivables: +€205,367
- Cash +€88,364
up €88,364 (+144%), from €61,166 to €149,530
mainly Trade debts (+€158,651) and Accrued charges and deferred income (+€101,410)
- Trade debts +€158,651
up €158,651 (+1,188%), from €13,353 to €172,004
- Accrued charges and deferred income +€101,410
up €101,410 (+30.9%), from €328,114 to €429,523
- Other debts +€70,510
new in 2025: €70,510
- Profit (loss) carried forward -€53,583
down €53,583 (-19.9%), from €269,786 to €216,203
- Provisions +€31,075
new in 2025: €31,075
- Gross operating margin -€500,439
down €500,439 (-55.9%), from €895,295 to €394,857
- Staff costs -€391,893
down €391,893 (-47.6%), from €823,050 to €431,157
- Provisions +€31,075
new in 2025: €31,075
- Taxes -€28,627
down €28,627 (-99.1%), from €28,877 to €249
- Financial income -€16,124
down €16,124 (-48.5%), from €33,216 to €17,092
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 | €1,551,326 | €1,870,206 | +€318,880 | +20.6% |
| Fixed assets | 21/28 | €687 | €483 | -€204 | -29.6% |
| Tangible fixed assets | 22/27 | €687 | €483 | -€204 | -29.6% |
| Furniture and vehicles | 24 | €687 | €483 | -€204 | -29.6% |
| Current assets | 29/58 | €1,550,639 | €1,869,722 | +€319,084 | +20.6% |
| Stocks and contracts in progress | 3 | €45,803 | €48,494 | +€2,690 | +5.9% |
| Stocks | 30/36 | €45,803 | €48,494 | +€2,690 | +5.9% |
| Amounts receivable within one year | 40/41 | €1,209,294 | €1,441,797 | +€232,503 | +19.2% |
| Trade receivables | 40 | €345,717 | €551,084 | +€205,367 | +59.4% |
| Other amounts receivable | 41 | €863,577 | €890,712 | +€27,136 | +3.1% |
| Cash at bank and in hand | 54/58 | €61,166 | €149,530 | +€88,364 | +144% |
| Deferred charges and accrued income | 490/1 | €234,375 | €229,902 | -€4,473 | -1.9% |
| Total equity and liabilities | 10/49 | €1,551,326 | €1,870,206 | +€318,880 | +20.6% |
| Equity | 10/15 | €1,095,720 | €1,042,137 | -€53,583 | -4.9% |
| Contributions | 10/11 | €365,000 | €365,000 | = | 0.0% |
| Reserves | 13 | €460,934 | €460,934 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,574 | €13,574 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,574 | €13,574 | = | 0.0% |
| Distributable reserves | 133 | €447,360 | €447,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,786 | €216,203 | -€53,583 | -19.9% |
| Provisions and deferred taxes | 16 | - | €31,075 | +€31,075 | |
| Provisions for liabilities and charges | 160/5 | - | €31,075 | +€31,075 | |
| Other liabilities and charges | 164/5 | - | €31,075 | +€31,075 | |
| Amounts payable | 17/49 | €455,606 | €796,994 | +€341,388 | +74.9% |
| Amounts payable within one year | 42/48 | €127,492 | €367,470 | +€239,978 | +188% |
| Trade debts | 44 | €13,353 | €172,004 | +€158,651 | +1,188% |
| Suppliers | 440/4 | €13,353 | €172,004 | +€158,651 | +1,188% |
| Taxes, remuneration and social security | 45 | €114,139 | €124,957 | +€10,818 | +9.5% |
| Taxes | 450/3 | €54,591 | €53,464 | -€1,127 | -2.1% |
| Remuneration and social security | 454/9 | €59,548 | €71,493 | +€11,945 | +20.1% |
| Other amounts payable | 47/48 | - | €70,510 | +€70,510 | |
| Accrued charges and deferred income | 492/3 | €328,114 | €429,523 | +€101,410 | +30.9% |
| Remuneration, social security and pensions | 62 | €823,050 | €431,157 | -€391,893 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €204 | -€204 | -50.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €31,075 | +€31,075 | |
| Other operating charges | 640/8 | - | €1,108 | +€1,108 | |
| Gross operating margin | 9900 | €895,295 | €394,857 | -€500,439 | -55.9% |
| Operating profit (loss) | 9901 | €71,838 | -€68,687 | -€140,525 | |
| Financial income | 75/76B | €33,216 | €17,092 | -€16,124 | -48.5% |
| Recurring financial income | 75 | €33,216 | €17,092 | -€16,124 | -48.5% |
| Financial charges | 65/66B | €2,785 | €1,739 | -€1,046 | -37.6% |
| Recurring financial charges | 65 | €2,785 | €1,739 | -€1,046 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €102,270 | -€53,334 | -€155,604 | |
| Income taxes | 67/77 | €28,877 | €249 | -€28,627 | -99.1% |
| Profit (loss) for the period | 9904 | €73,393 | -€53,583 | -€126,976 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,393 | -€53,583 | -€126,976 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.