M Powering: 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.
M Powering
Largest movements
- Cash +€41,116
up €41,116 (+358.7%), from €11,461 to €52,577
mainly Trade debts (+€21,403) and Net result for the year (+€18,414)
- Receivables within one year +€11,771
up €11,771 (+42.1%), from €27,967 to €39,738
of which Trade receivables: +€11,121
- Trade debts +€21,403
up €21,403 (+1295.2%), from €1,652 to €23,056
- Reserves +€18,414
up €18,414 (+181.5%), from €10,147 to €28,561
- Other debts +€13,856
up €13,856 (+316.1%), from €4,383 to €18,239
- Tax, wage and social debts +€6,283
up €6,283 (+44.8%), from €14,025 to €20,308
of which Taxes: +€7,447
- Accrued charges and deferred income -€4,730
down €4,730 (-100.0%), from €4,730 to €0
- Gross operating margin +€16,213
up €16,213 (+109.1%), from €14,858 to €31,071
- Taxes +€5,405
up €5,405 (+140.9%), from €3,837 to €9,242
- Other operating charges +€1,943
up €1,943 (+377.7%), from €514 to €2,458
- Financial charges +€623
up €623 (+173.5%), from €359 to €983
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 | €39,428 | €92,315 | +€52,887 | +134.1% |
| Current assets | 29/58 | €39,428 | €92,315 | +€52,887 | +134.1% |
| Amounts receivable within one year | 40/41 | €27,967 | €39,738 | +€11,771 | +42.1% |
| Trade receivables | 40 | €27,899 | €39,020 | +€11,121 | +39.9% |
| Other amounts receivable | 41 | €68 | €717 | +€650 | +962.8% |
| Cash at bank and in hand | 54/58 | €11,461 | €52,577 | +€41,116 | +358.7% |
| Total equity and liabilities | 10/49 | €39,428 | €92,315 | +€52,887 | +134.1% |
| Equity | 10/15 | €12,147 | €30,561 | +€18,414 | +151.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,147 | €28,561 | +€18,414 | +181.5% |
| Distributable reserves | 133 | €10,147 | €28,561 | +€18,414 | +181.5% |
| Amounts payable | 17/49 | €27,280 | €61,754 | +€34,473 | +126.4% |
| Amounts payable within one year | 42/48 | €22,550 | €61,754 | +€39,203 | +173.8% |
| Financial debts | 43 | €2,490 | €152 | -€2,338 | -93.9% |
| Other loans | 439 | €2,490 | €152 | -€2,338 | -93.9% |
| Trade debts | 44 | €1,652 | €23,056 | +€21,403 | +1295.2% |
| Suppliers | 440/4 | €1,652 | €23,056 | +€21,403 | +1295.2% |
| Taxes, remuneration and social security | 45 | €14,025 | €20,308 | +€6,283 | +44.8% |
| Taxes | 450/3 | €11,361 | €18,808 | +€7,447 | +65.6% |
| Remuneration and social security | 454/9 | €2,664 | €1,500 | -€1,164 | -43.7% |
| Other amounts payable | 47/48 | €4,383 | €18,239 | +€13,856 | +316.1% |
| Accrued charges and deferred income | 492/3 | €4,730 | €0 | -€4,730 | -100.0% |
| Other operating charges | 640/8 | €514 | €2,458 | +€1,943 | +377.7% |
| Gross operating margin | 9900 | €14,858 | €31,071 | +€16,213 | +109.1% |
| Operating profit (loss) | 9901 | €14,344 | €28,613 | +€14,269 | +99.5% |
| Financial income | 75/76B | €0 | €26 | +€26 | +64675.0% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +64675.0% |
| Financial charges | 65/66B | €359 | €983 | +€623 | +173.5% |
| Recurring financial charges | 65 | €359 | €983 | +€623 | +173.5% |
| Profit (loss) for the period before taxes | 9903 | €13,984 | €27,656 | +€13,672 | +97.8% |
| Income taxes | 67/77 | €3,837 | €9,242 | +€5,405 | +140.9% |
| Profit (loss) for the period | 9904 | €10,147 | €18,414 | +€8,267 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,147 | €18,414 | +€8,267 | +81.5% |
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 4 October 2026 via checked.be.