POW-HOME: 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.
POW-HOME
Largest movements
- Receivables within one year -€302,062
down €302,062 (-62.3%), from €485,055 to €182,993
of which Trade receivables: -€227,445
- Stocks and contracts -€74,580
down €74,580 (-72.9%), from €102,364 to €27,783
- Cash +€66,859
up €66,859 (+45.6%), from €146,631 to €213,489
mainly Receivables within one year (+€302,062) and Advances received (+€115,889)
- Tangible fixed assets +€15,648
up €15,648 (+26.3%), from €59,385 to €75,032
of which Furniture and vehicles: +€16,323
- Deferred charges and accrued income -€8,369
down €8,369 (-27.6%), from €30,270 to €21,901
- Accrued charges and deferred income -€365,735
down €365,735 (-84.7%), from €431,834 to €66,100
- Advances received +€115,889
up €115,889 (+43.4%), from €267,313 to €383,202
- Profit (loss) carried forward +€108,894
up €108,894 (+59.2%), from -€184,019 to -€75,124
- Trade debts -€94,243
down €94,243 (-88.2%), from €106,887 to €12,644
- Tax, wage and social debts -€48,074
down €48,074 (-48.0%), from €100,092 to €52,018
of which Taxes: -€42,372
- Depreciation -€14,459
down €14,459 (-39.1%), from €36,961 to €22,502
- Gross operating margin +€12,068
up €12,068 (+3.5%), from €345,172 to €357,239
- Staff costs -€6,520
down €6,520 (-2.8%), from €235,724 to €229,204
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 | €824,204 | €521,699 | -€302,505 | -36.7% |
| Fixed assets | 21/28 | €59,885 | €75,532 | +€15,648 | +26.1% |
| Tangible fixed assets | 22/27 | €59,385 | €75,032 | +€15,648 | +26.3% |
| Furniture and vehicles | 24 | €55,592 | €71,915 | +€16,323 | +29.4% |
| Other tangible fixed assets | 26 | €3,792 | €3,117 | -€675 | -17.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €764,319 | €446,167 | -€318,153 | -41.6% |
| Stocks and contracts in progress | 3 | €102,364 | €27,783 | -€74,580 | -72.9% |
| Stocks | 30/36 | €102,364 | €27,783 | -€74,580 | -72.9% |
| Amounts receivable within one year | 40/41 | €485,055 | €182,993 | -€302,062 | -62.3% |
| Trade receivables | 40 | €349,425 | €121,980 | -€227,445 | -65.1% |
| Other amounts receivable | 41 | €135,630 | €61,013 | -€74,617 | -55.0% |
| Cash at bank and in hand | 54/58 | €146,631 | €213,489 | +€66,859 | +45.6% |
| Deferred charges and accrued income | 490/1 | €30,270 | €21,901 | -€8,369 | -27.6% |
| Total equity and liabilities | 10/49 | €824,204 | €521,699 | -€302,505 | -36.7% |
| Equity | 10/15 | -€114,019 | -€5,124 | +€108,894 | +95.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€184,019 | -€75,124 | +€108,894 | +59.2% |
| Amounts payable | 17/49 | €938,223 | €526,824 | -€411,399 | -43.8% |
| Amounts payable after more than one year | 17 | €7,349 | €4,945 | -€2,404 | -32.7% |
| Financial debts | 170/4 | €7,349 | €4,945 | -€2,404 | -32.7% |
| Amounts payable within one year | 42/48 | €499,039 | €455,779 | -€43,260 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €20,877 | €2,404 | -€18,472 | -88.5% |
| Trade debts | 44 | €106,887 | €12,644 | -€94,243 | -88.2% |
| Suppliers | 440/4 | €106,887 | €12,644 | -€94,243 | -88.2% |
| Advances received on contracts in progress | 46 | €267,313 | €383,202 | +€115,889 | +43.4% |
| Taxes, remuneration and social security | 45 | €100,092 | €52,018 | -€48,074 | -48.0% |
| Taxes | 450/3 | €57,172 | €14,801 | -€42,372 | -74.1% |
| Remuneration and social security | 454/9 | €42,920 | €37,217 | -€5,703 | -13.3% |
| Other amounts payable | 47/48 | €3,871 | €5,511 | +€1,640 | +42.4% |
| Accrued charges and deferred income | 492/3 | €431,834 | €66,100 | -€365,735 | -84.7% |
| Remuneration, social security and pensions | 62 | €235,724 | €229,204 | -€6,520 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,961 | €22,502 | -€14,459 | -39.1% |
| Other operating charges | 640/8 | €3,089 | €2,672 | -€417 | -13.5% |
| Gross operating margin | 9900 | €345,172 | €357,239 | +€12,068 | +3.5% |
| Operating profit (loss) | 9901 | €69,398 | €102,861 | +€33,463 | +48.2% |
| Financial income | 75/76B | €12,862 | €12,006 | -€856 | -6.7% |
| Recurring financial income | 75 | €12,862 | €12,006 | -€856 | -6.7% |
| Financial charges | 65/66B | €4,518 | €5,609 | +€1,091 | +24.1% |
| Recurring financial charges | 65 | €4,518 | €5,609 | +€1,091 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €77,742 | €109,258 | +€31,516 | +40.5% |
| Income taxes | 67/77 | €684 | €364 | -€320 | -46.8% |
| Profit (loss) for the period | 9904 | €77,058 | €108,894 | +€31,836 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,058 | €108,894 | +€31,836 | +41.3% |
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 29 October 2026 via checked.be.