GLOBAL POWER SYSTEMS: 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.
GLOBAL POWER SYSTEMS
Largest movements
- Receivables within one year +€127,485
up €127,485 (+77.7%), from €164,003 to €291,488
of which Trade receivables: +€73,223
- Cash -€17,301
down €17,301 (-53.9%), from €32,097 to €14,795
mainly Receivables within one year (-€127,485) and Trade debts (-€59,345)
- Deferred charges and accrued income +€10,737
up €10,737 (+38.8%), from €27,644 to €38,381
- Profit (loss) carried forward +€149,294
up €149,294 (+300%), from €49,841 to €199,135
- Trade debts -€59,345
down €59,345 (-82.6%), from €71,870 to €12,525
- Tax, wage and social debts +€29,963
up €29,963 (+77.6%), from €38,604 to €68,567
of which Remuneration and social security: +€19,284
- Gross operating margin +€135,985
up €135,985 (+81.7%), from €166,519 to €302,504
- Taxes +€30,576
up €30,576 (+228%), from €13,390 to €43,966
- Staff costs -€4,079
down €4,079 (-3.7%), from €108,930 to €104,851
- Depreciation -€3,075
down €3,075 (-75.3%), from €4,083 to €1,008
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,775 | €365,688 | +€119,913 | +48.8% |
| Fixed assets | 21/28 | €22,031 | €21,023 | -€1,008 | -4.6% |
| Tangible fixed assets | 22/27 | €1,477 | €468 | -€1,008 | -68.3% |
| Furniture and vehicles | 24 | €898 | €0 | -€898 | -100% |
| Other tangible fixed assets | 26 | €579 | €468 | -€110 | -19.1% |
| Financial fixed assets | 28 | €20,555 | €20,555 | = | 0.0% |
| Current assets | 29/58 | €223,743 | €344,665 | +€120,921 | +54.0% |
| Amounts receivable within one year | 40/41 | €164,003 | €291,488 | +€127,485 | +77.7% |
| Trade receivables | 40 | €136,790 | €210,013 | +€73,223 | +53.5% |
| Other amounts receivable | 41 | €27,213 | €81,475 | +€54,262 | +199% |
| Cash at bank and in hand | 54/58 | €32,097 | €14,795 | -€17,301 | -53.9% |
| Deferred charges and accrued income | 490/1 | €27,644 | €38,381 | +€10,737 | +38.8% |
| Total equity and liabilities | 10/49 | €245,775 | €365,688 | +€119,913 | +48.8% |
| Equity | 10/15 | €70,301 | €219,595 | +€149,294 | +212% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,841 | €199,135 | +€149,294 | +300% |
| Amounts payable | 17/49 | €175,474 | €146,093 | -€29,382 | -16.7% |
| Amounts payable within one year | 42/48 | €110,474 | €81,093 | -€29,382 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | -€0 | -100% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €71,870 | €12,525 | -€59,345 | -82.6% |
| Suppliers | 440/4 | €71,870 | €12,525 | -€59,345 | -82.6% |
| Taxes, remuneration and social security | 45 | €38,604 | €68,567 | +€29,963 | +77.6% |
| Taxes | 450/3 | €31,465 | €42,144 | +€10,679 | +33.9% |
| Remuneration and social security | 454/9 | €7,139 | €26,423 | +€19,284 | +270% |
| Accrued charges and deferred income | 492/3 | €65,000 | €65,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €108,930 | €104,851 | -€4,079 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,083 | €1,008 | -€3,075 | -75.3% |
| Other operating charges | 640/8 | €2,794 | €2,044 | -€750 | -26.8% |
| Gross operating margin | 9900 | €166,519 | €302,504 | +€135,985 | +81.7% |
| Operating profit (loss) | 9901 | €50,712 | €194,601 | +€143,889 | +284% |
| Financial charges | 65/66B | €1,436 | €1,340 | -€95 | -6.6% |
| Recurring financial charges | 65 | €1,436 | €1,340 | -€95 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €49,276 | €193,260 | +€143,984 | +292% |
| Income taxes | 67/77 | €13,390 | €43,966 | +€30,576 | +228% |
| Profit (loss) for the period | 9904 | €35,887 | €149,294 | +€113,408 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €35,887 | €149,294 | +€113,408 | +316% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.