Hosted 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.
Hosted Power
Largest movements
- Current investments +€250,000
up €250,000 (+701.5%), from €35,640 to €285,640
- Cash -€204,364
down €204,364 (-62.8%), from €325,187 to €120,824
mainly Current investments (-€250,000) and Investment in fixed assets (net) (-€149,342)
- Intangible fixed assets +€91,648
up €91,648 (+1095.6%), from €8,365 to €100,014
- Tangible fixed assets -€66,157
down €66,157 (-17.0%), from €389,652 to €323,495
of which Furniture and vehicles: -€68,728
- Receivables within one year +€52,502
up €52,502 (+34.0%), from €154,360 to €206,862
of which Trade receivables: +€47,690
- Tax, wage and social debts +€113,136
up €113,136 (+80.5%), from €140,464 to €253,600
of which Remuneration and social security: +€74,411
- Reserves +€100,501
up €100,501 (+47.4%), from €212,049 to €312,550
of which Distributable reserves: +€100,501
- Debts after one year -€68,485
down €68,485 (-35.3%), from €193,890 to €125,405
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Trade debts +€21,317
up €21,317 (+21.3%), from €100,289 to €121,606
- Gross operating margin +€227,866
up €227,866 (+24.4%), from €935,759 to €1.2m
- Staff costs +€221,579
up €221,579 (+44.3%), from €500,519 to €722,098
- Depreciation +€16,470
up €16,470 (+15.3%), from €107,380 to €123,850
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 | €915,027 | €1,040,585 | +€125,558 | +13.7% |
| Fixed assets | 21/28 | €398,062 | €423,554 | +€25,492 | +6.4% |
| Intangible fixed assets | 21 | €8,365 | €100,014 | +€91,648 | +1095.6% |
| Tangible fixed assets | 22/27 | €389,652 | €323,495 | -€66,157 | -17.0% |
| Plant, machinery and equipment | 23 | €4,024 | €4,008 | -€16 | -0.4% |
| Furniture and vehicles | 24 | €122,170 | €53,442 | -€68,728 | -56.3% |
| Other tangible fixed assets | 26 | €263,458 | €266,045 | +€2,587 | +1.0% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €516,965 | €617,032 | +€100,067 | +19.4% |
| Amounts receivable within one year | 40/41 | €154,360 | €206,862 | +€52,502 | +34.0% |
| Trade receivables | 40 | €134,759 | €182,449 | +€47,690 | +35.4% |
| Other amounts receivable | 41 | €19,601 | €24,414 | +€4,813 | +24.6% |
| Current investments | 50/53 | €35,640 | €285,640 | +€250,000 | +701.5% |
| Cash at bank and in hand | 54/58 | €325,187 | €120,824 | -€204,364 | -62.8% |
| Deferred charges and accrued income | 490/1 | €1,778 | €3,706 | +€1,928 | +108.4% |
| Total equity and liabilities | 10/49 | €915,027 | €1,040,585 | +€125,558 | +13.7% |
| Equity | 10/15 | €230,649 | €331,150 | +€100,501 | +43.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €212,049 | €312,550 | +€100,501 | +47.4% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €35,640 | €35,640 | = | 0.0% |
| Distributable reserves | 133 | €174,549 | €275,050 | +€100,501 | +57.6% |
| Amounts payable | 17/49 | €684,378 | €709,436 | +€25,057 | +3.7% |
| Amounts payable after more than one year | 17 | €193,890 | €125,405 | -€68,485 | -35.3% |
| Financial debts | 170/4 | €193,890 | €125,405 | -€68,485 | -35.3% |
| Amounts payable within one year | 42/48 | €489,078 | €582,368 | +€93,290 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €73,325 | €66,714 | -€6,611 | -9.0% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €100,289 | €121,606 | +€21,317 | +21.3% |
| Suppliers | 440/4 | €100,289 | €121,606 | +€21,317 | +21.3% |
| Taxes, remuneration and social security | 45 | €140,464 | €253,600 | +€113,136 | +80.5% |
| Taxes | 450/3 | €89,640 | €128,364 | +€38,724 | +43.2% |
| Remuneration and social security | 454/9 | €50,824 | €125,236 | +€74,411 | +146.4% |
| Other amounts payable | 47/48 | €150,000 | €140,448 | -€9,552 | -6.4% |
| Accrued charges and deferred income | 492/3 | €1,410 | €1,663 | +€252 | +17.9% |
| Remuneration, social security and pensions | 62 | €500,519 | €722,098 | +€221,579 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,380 | €123,850 | +€16,470 | +15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,018 | - | -€6,018 | |
| Other operating charges | 640/8 | €8,399 | €7,218 | -€1,181 | -14.1% |
| Gross operating margin | 9900 | €935,759 | €1,163,626 | +€227,866 | +24.4% |
| Operating profit (loss) | 9901 | €313,445 | €310,460 | -€2,985 | -1.0% |
| Financial income | 75/76B | €2,287 | €9,929 | +€7,642 | +334.2% |
| Recurring financial income | 75 | €1,370 | €3,833 | +€2,463 | +179.7% |
| Non-recurring financial income | 76B | €916 | €6,096 | +€5,180 | +565.3% |
| Financial charges | 65/66B | €10,295 | €15,754 | +€5,459 | +53.0% |
| Recurring financial charges | 65 | €10,295 | €15,754 | +€5,459 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €305,436 | €304,635 | -€802 | -0.3% |
| Income taxes | 67/77 | €74,437 | €84,134 | +€9,697 | +13.0% |
| Profit (loss) for the period | 9904 | €230,999 | €220,501 | -€10,499 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €230,999 | €220,501 | -€10,499 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.