MyPower: 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.
What changed
MyPower
NACE 35.110, Production of electricity from non-renewable sources
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€518,442
2023 · €49,055+€469,386
Equity
€601,011
2023 · €82,569+€518,442
Cash
€177,803
2023 · €200,885-€23,082
Balance sheet total
€6.6m
2023 · €5.4m+€1.2m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+225.9%), from €689,562 to €2.2m
of which Trade receivables: +€1.6m
- Tangible fixed assets -€327,899
down €327,899 (-7.5%), from €4.4m to €4.0m
of which Leasing and similar rights: -€320,532
Equity and liabilities
- Trade debts +€1.6m
up €1.6m (+217.2%), from €752,953 to €2.4m
- Debts after one year -€889,812
down €889,812 (-26.7%), from €3.3m to €2.4m
- Profit (loss) carried forward +€516,440
up €516,440, from -€27,395 to €489,045
- Other debts -€466,736
no longer reported in 2024 (was €466,736)
- Current portion of long-term debt +€338,726
up €338,726 (+61.5%), from €551,086 to €889,812
Income statement
- Goods and materials -€2.0m
down €2.0m (-49.1%), from €4.0m to €2.0m
of which Purchases: -€2.0m
- Turnover -€1.3m
down €1.3m (-28.5%), from €4.6m to €3.3m
- Taxes +€181,234
new in 2024: €181,234
- Other operating income -€79,560
down €79,560 (-28.6%), from €278,149 to €198,589
- Provisions -€69,512
new in 2024: -€69,512
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.
Result 2023
€49,055
Turnover
-€1.3m
Other operating income
-€79,560
Goods and materials
+€2.0m
Services and other goods
+€1,675
Depreciation
-€2,952
Provisions
+€69,512
Other operating charges
-€8,910
Financial income
+€19,421
Financial charges
-€15,068
Taxes
-€181,234
Result 2024
€518,442
Cash bridge derived
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.
From operations
+€553,504
Investment
-€25,500
Financing
-€551,086
Cash 2023
€200,885
From operations (derived)
+€553,504
Net result for the year
+€518,442
Depreciation
+€353,761
Receivables within one year
-€1.6m
Deferred charges and accrued income
+€29,692
Provisions
-€69,512
Trade debts
+€1.6m
Tax, wage and social debts
+€145,972
Other debts
-€466,736
Accrued charges and deferred income
-€35,547
Investment (derived)
-€25,500
Investment in fixed assets (net)
-€25,500
Financing
-€551,086
Debts after one year
-€889,812
Current portion of long-term debt
+€338,726
Cash 2024
€177,803
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,404,419 | €6,581,417 | +€1.2m | +21.8% |
| Formation expenses | 20 | €630 | €269 | -€362 | -57.4% |
| Fixed assets | 21/28 | €4,369,505 | €4,041,606 | -€327,899 | -7.5% |
| Tangible fixed assets | 22/27 | €4,363,355 | €4,035,456 | -€327,899 | -7.5% |
| Land and buildings | 22 | €118,853 | €107,869 | -€10,984 | -9.2% |
| Plant, machinery and equipment | 23 | €219,485 | €223,102 | +€3,617 | +1.6% |
| Leasing and similar rights | 25 | €4,025,018 | €3,704,485 | -€320,532 | -8.0% |
| Financial fixed assets | 28 | €6,150 | €6,150 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €6,150 | €6,150 | = | 0.0% |
| Participating interests | 282 | €6,150 | €6,150 | = | 0.0% |
| Current assets | 29/58 | €1,034,284 | €2,539,542 | +€1.5m | +145.5% |
| Amounts receivable within one year | 40/41 | €689,562 | €2,247,594 | +€1.6m | +225.9% |
| Trade receivables | 40 | €689,259 | €2,247,594 | +€1.6m | +226.1% |
| Other amounts receivable | 41 | €303 | - | -€303 | |
| Cash at bank and in hand | 54/58 | €200,885 | €177,803 | -€23,082 | -11.5% |
| Deferred charges and accrued income | 490/1 | €143,837 | €114,146 | -€29,692 | -20.6% |
| Total equity and liabilities | 10/49 | €5,404,419 | €6,581,417 | +€1.2m | +21.8% |
| Equity | 10/15 | €82,569 | €601,011 | +€518,442 | +627.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €9,964 | €11,966 | +€2,002 | +20.1% |
| Non-distributable reserves | 130/1 | €7,998 | €10,000 | +€2,002 | +25.0% |
| Legal reserve | 130 | €7,998 | €10,000 | +€2,002 | +25.0% |
| Distributable reserves | 133 | €1,966 | €1,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,395 | €489,045 | +€516,440 | |
| Provisions and deferred taxes | 16 | €69,512 | - | -€69,512 | |
| Provisions for liabilities and charges | 160/5 | €69,512 | - | -€69,512 | |
| Major repairs and maintenance | 162 | €69,512 | - | -€69,512 | |
| Amounts payable | 17/49 | €5,252,338 | €5,980,405 | +€728,068 | +13.9% |
| Amounts payable after more than one year | 17 | €3,336,532 | €2,446,721 | -€889,812 | -26.7% |
| Financial debts | 170/4 | €3,336,532 | €2,446,721 | -€889,812 | -26.7% |
| Subordinated loans | 170 | €1,000,000 | €666,667 | -€333,333 | -33.3% |
| Leasing and similar obligations | 172 | €2,336,532 | €1,780,054 | -€556,478 | -23.8% |
| Amounts payable within one year | 42/48 | €1,863,305 | €3,516,731 | +€1.7m | +88.7% |
| Current portion of amounts payable after more than one year | 42 | €551,086 | €889,812 | +€338,726 | +61.5% |
| Trade debts | 44 | €752,953 | €2,388,417 | +€1.6m | +217.2% |
| Suppliers | 440/4 | €752,953 | €2,388,417 | +€1.6m | +217.2% |
| Taxes, remuneration and social security | 45 | €92,530 | €238,502 | +€145,972 | +157.8% |
| Taxes | 450/3 | €92,530 | €238,502 | +€145,972 | +157.8% |
| Other amounts payable | 47/48 | €466,736 | - | -€466,736 | |
| Accrued charges and deferred income | 492/3 | €52,500 | €16,953 | -€35,547 | -67.7% |
| Operating income | 70/76A | €4,832,902 | €3,457,491 | -€1.4m | -28.5% |
| Turnover | 70 | €4,554,754 | €3,258,902 | -€1.3m | -28.5% |
| Other operating income | 74 | €278,149 | €198,589 | -€79,560 | -28.6% |
| Operating charges | 60/66A | €4,712,433 | €2,690,754 | -€2.0m | -42.9% |
| Goods for resale, raw materials and consumables | 60 | €3,995,157 | €2,032,803 | -€2.0m | -49.1% |
| Purchases | 600/8 | €3,986,217 | €2,032,803 | -€2.0m | -49.0% |
| Change in stocks: decrease (increase) | 609 | €8,940 | - | -€8,940 | |
| Services and other goods | 61 | €354,742 | €353,067 | -€1,675 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350,809 | €353,761 | +€2,952 | +0.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€69,512 | -€69,512 | |
| Other operating charges | 640/8 | €11,726 | €20,636 | +€8,910 | +76.0% |
| Operating profit (loss) | 9901 | €120,469 | €766,737 | +€646,268 | +536.5% |
| Financial income | 75/76B | €71,680 | €91,100 | +€19,421 | +27.1% |
| Recurring financial income | 75 | €71,680 | €91,100 | +€19,421 | +27.1% |
| Other financial income | 752/9 | €71,680 | €91,100 | +€19,421 | +27.1% |
| Financial charges | 65/66B | €143,094 | €158,161 | +€15,068 | +10.5% |
| Recurring financial charges | 65 | €143,094 | €158,161 | +€15,068 | +10.5% |
| Debt charges | 650 | €143,084 | €157,299 | +€14,216 | +9.9% |
| Other financial charges | 652/9 | €10 | €862 | +€852 | +8519.1% |
| Profit (loss) for the period before taxes | 9903 | €49,055 | €699,676 | +€650,621 | +1326.3% |
| Income taxes | 67/77 | - | €181,234 | +€181,234 | |
| Taxes | 670/3 | - | €181,234 | +€181,234 | |
| Profit (loss) for the period | 9904 | €49,055 | €518,442 | +€469,386 | +956.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,055 | €518,442 | +€469,386 | +956.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.