mPawer: 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.
mPawer
Largest movements
- Intangible fixed assets -€18,412
down €18,412 (-46.1%), from €39,974 to €21,563
- Cash -€2,029
down €2,029 (-27.2%), from €7,454 to €5,425
mainly Net result for the year (-€21,427) and Debts after one year (-€6,966)
- Profit (loss) carried forward -€21,427
down €21,427 (-26.7%), from -€80,296 to -€101,724
- Debts after one year -€6,966
down €6,966 (-16.3%), from €42,759 to €35,793
- Current portion of long-term debt +€6,966
up €6,966 (+33.9%), from €20,523 to €27,489
- Gross operating margin +€2,530
up €2,530 (+54.8%), from -€4,620 to -€2,089
- Other operating charges +€113
up €113 (+29.1%), from €387 to €500
- Financial charges -€73
down €73, from €54 to -€19
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 | €49,528 | €28,242 | -€21,286 | -43.0% |
| Fixed assets | 21/28 | €41,442 | €22,586 | -€18,857 | -45.5% |
| Intangible fixed assets | 21 | €39,974 | €21,563 | -€18,412 | -46.1% |
| Tangible fixed assets | 22/27 | €1,468 | €1,023 | -€445 | -30.3% |
| Plant, machinery and equipment | 23 | €1,468 | €1,023 | -€445 | -30.3% |
| Current assets | 29/58 | €8,085 | €5,656 | -€2,429 | -30.0% |
| Amounts receivable within one year | 40/41 | €544 | €85 | -€459 | -84.3% |
| Other amounts receivable | 41 | €544 | €85 | -€459 | -84.3% |
| Cash at bank and in hand | 54/58 | €7,454 | €5,425 | -€2,029 | -27.2% |
| Deferred charges and accrued income | 490/1 | €87 | €146 | +€58 | +67.0% |
| Total equity and liabilities | 10/49 | €49,528 | €28,242 | -€21,286 | -43.0% |
| Equity | 10/15 | -€30,296 | -€51,724 | -€21,427 | -70.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,296 | -€101,724 | -€21,427 | -26.7% |
| Amounts payable | 17/49 | €79,824 | €79,965 | +€141 | +0.2% |
| Amounts payable after more than one year | 17 | €42,759 | €35,793 | -€6,966 | -16.3% |
| Financial debts | 170/4 | €42,759 | €35,793 | -€6,966 | -16.3% |
| Amounts payable within one year | 42/48 | €36,992 | €44,172 | +€7,180 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €20,523 | €27,489 | +€6,966 | +33.9% |
| Trade debts | 44 | €387 | €644 | +€257 | +66.2% |
| Suppliers | 440/4 | €387 | €644 | +€257 | +66.2% |
| Other amounts payable | 47/48 | €16,082 | €16,039 | -€43 | -0.3% |
| Accrued charges and deferred income | 492/3 | €73 | €0 | -€73 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,857 | €18,857 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €500 | +€113 | +29.1% |
| Gross operating margin | 9900 | -€4,620 | -€2,089 | +€2,530 | +54.8% |
| Operating profit (loss) | 9901 | -€23,864 | -€21,446 | +€2,418 | +10.1% |
| Financial charges | 65/66B | €54 | -€19 | -€73 | |
| Recurring financial charges | 65 | €54 | -€19 | -€73 | |
| Profit (loss) for the period before taxes | 9903 | -€23,918 | -€21,427 | +€2,491 | +10.4% |
| Profit (loss) for the period | 9904 | -€23,918 | -€21,427 | +€2,491 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,918 | -€21,427 | +€2,491 | +10.4% |
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 24 October 2026 via checked.be.