GROUP 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.
GROUP POWER
Largest movements
- Stocks and contracts +€901,854
new in 2025: €901,854
- Receivables within one year +€755,823
new in 2025: €755,823
of which Trade receivables: +€755,804
- Cash +€293,416
up €293,416 (+8219.4%), from €3,570 to €296,986
mainly Other debts (+€955,378) and Debts after one year (+€500,000)
- Other debts +€955,378
up €955,378 (+13566.3%), from €7,042 to €962,420
- Debts after one year +€500,000
new in 2025: €500,000
- Reserves +€215,709
up €215,709 (+11597.3%), from €1,860 to €217,569
- Trade debts +€155,704
up €155,704 (+623.5%), from €24,973 to €180,677
- Tax, wage and social debts +€49,286
new in 2025: €49,286
- Gross operating margin +€371,122
up €371,122, from -€4,533 to €366,589
- Taxes +€66,400
new in 2025: €66,400
- Staff costs +€24,878
up €24,878, from €0 to €24,878
- Financial charges +€10,989
up €10,989 (+4695.1%), from €234 to €11,223
- Write-downs +€10,120
up €10,120 (+23.3%), from -€43,468 to -€33,348
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 | €5,475 | €1,973,552 | +€2.0m | +35947.8% |
| Fixed assets | 21/28 | €1,905 | €14,707 | +€12,802 | +672.0% |
| Intangible fixed assets | 21 | - | €9,044 | +€9,044 | |
| Tangible fixed assets | 22/27 | - | €3,758 | +€3,758 | |
| Furniture and vehicles | 24 | - | €3,758 | +€3,758 | |
| Financial fixed assets | 28 | €1,905 | €1,905 | = | 0.0% |
| Current assets | 29/58 | €3,570 | €1,958,846 | +€2.0m | +54772.4% |
| Stocks and contracts in progress | 3 | - | €901,854 | +€901,854 | |
| Stocks | 30/36 | - | €901,854 | +€901,854 | |
| Amounts receivable within one year | 40/41 | - | €755,823 | +€755,823 | |
| Trade receivables | 40 | - | €755,804 | +€755,804 | |
| Other amounts receivable | 41 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €3,570 | €296,986 | +€293,416 | +8219.4% |
| Deferred charges and accrued income | 490/1 | - | €4,182 | +€4,182 | |
| Total equity and liabilities | 10/49 | €5,475 | €1,973,552 | +€2.0m | +35947.8% |
| Equity | 10/15 | -€26,541 | €236,169 | +€262,710 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €217,569 | +€215,709 | +11597.3% |
| Distributable reserves | 133 | €1,860 | €217,569 | +€215,709 | +11597.3% |
| Profit (loss) carried forward | 14 | -€47,001 | €0 | +€47,001 | |
| Amounts payable | 17/49 | €32,016 | €1,737,383 | +€1.7m | +5326.7% |
| Amounts payable after more than one year | 17 | - | €500,000 | +€500,000 | |
| Financial debts | 170/4 | - | €500,000 | +€500,000 | |
| Amounts payable within one year | 42/48 | €32,016 | €1,237,383 | +€1.2m | +3764.9% |
| Financial debts | 43 | - | €45,000 | +€45,000 | |
| Credit institutions | 430/8 | - | €45,000 | +€45,000 | |
| Trade debts | 44 | €24,973 | €180,677 | +€155,704 | +623.5% |
| Suppliers | 440/4 | €24,973 | €180,677 | +€155,704 | +623.5% |
| Taxes, remuneration and social security | 45 | - | €49,286 | +€49,286 | |
| Taxes | 450/3 | - | €49,286 | +€49,286 | |
| Other amounts payable | 47/48 | €7,042 | €962,420 | +€955,378 | +13566.3% |
| Remuneration, social security and pensions | 62 | €0 | €24,878 | +€24,878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,225 | +€1,225 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€43,468 | -€33,348 | +€10,120 | +23.3% |
| Other operating charges | 640/8 | €43,468 | €33,602 | -€9,866 | -22.7% |
| Gross operating margin | 9900 | -€4,533 | €366,589 | +€371,122 | |
| Operating profit (loss) | 9901 | -€4,533 | €340,231 | +€344,764 | |
| Financial income | 75/76B | - | €102 | +€102 | |
| Recurring financial income | 75 | - | €102 | +€102 | |
| Financial charges | 65/66B | €234 | €11,223 | +€10,989 | +4695.1% |
| Recurring financial charges | 65 | €234 | €11,223 | +€10,989 | +4695.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,767 | €329,110 | +€333,877 | |
| Income taxes | 67/77 | - | €66,400 | +€66,400 | |
| Profit (loss) for the period | 9904 | -€4,767 | €262,710 | +€267,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,767 | €262,710 | +€267,477 |
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 10 October 2026 via checked.be.