POWEhR: 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.
POWEhR
Largest movements
- Cash +€62,943
up €62,943 (+198%), from €31,846 to €94,788
mainly Net result for the year (+€48,323) and Tax, wage and social debts (+€14,170)
- Tangible fixed assets +€2,139
new in 2025: €2,139
- Receivables within one year -€1,450
down €1,450 (-7.1%), from €20,443 to €18,993
of which Trade receivables: -€4,589
- Reserves +€48,323
up €48,323 (+144%), from €33,611 to €81,934
- Tax, wage and social debts +€14,170
up €14,170 (+93.4%), from €15,174 to €29,344
- Trade debts +€2,655
up €2,655 (+2,348%), from €113 to €2,768
- Gross operating margin +€20,781
up €20,781 (+49.2%), from €42,255 to €63,036
- Taxes +€4,359
up €4,359 (+50.7%), from €8,598 to €12,957
- Financial charges +€1,335
new in 2025: €1,335
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 | €52,734 | €117,046 | +€64,312 | +122% |
| Fixed assets | 21/28 | - | €2,139 | +€2,139 | |
| Tangible fixed assets | 22/27 | - | €2,139 | +€2,139 | |
| Land and buildings | 22 | - | €2,139 | +€2,139 | |
| Current assets | 29/58 | €52,734 | €114,907 | +€62,173 | +118% |
| Amounts receivable within one year | 40/41 | €20,443 | €18,993 | -€1,450 | -7.1% |
| Trade receivables | 40 | €20,177 | €15,588 | -€4,589 | -22.7% |
| Other amounts receivable | 41 | €267 | €3,406 | +€3,139 | +1,177% |
| Cash at bank and in hand | 54/58 | €31,846 | €94,788 | +€62,943 | +198% |
| Deferred charges and accrued income | 490/1 | €445 | €1,125 | +€680 | +153% |
| Total equity and liabilities | 10/49 | €52,734 | €117,046 | +€64,312 | +122% |
| Equity | 10/15 | €36,611 | €84,934 | +€48,323 | +132% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,611 | €81,934 | +€48,323 | +144% |
| Distributable reserves | 133 | €33,611 | €81,934 | +€48,323 | +144% |
| Amounts payable | 17/49 | €16,123 | €32,112 | +€15,989 | +99.2% |
| Amounts payable within one year | 42/48 | €16,123 | €32,112 | +€15,989 | +99.2% |
| Trade debts | 44 | €113 | €2,768 | +€2,655 | +2,348% |
| Suppliers | 440/4 | €113 | €2,768 | +€2,655 | +2,348% |
| Taxes, remuneration and social security | 45 | €15,174 | €29,344 | +€14,170 | +93.4% |
| Taxes | 450/3 | €15,174 | €29,344 | +€14,170 | +93.4% |
| Other amounts payable | 47/48 | €836 | €0 | -€836 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €272 | +€272 | |
| Other operating charges | 640/8 | €50 | €148 | +€98 | +197% |
| Gross operating margin | 9900 | €42,255 | €63,036 | +€20,781 | +49.2% |
| Operating profit (loss) | 9901 | €42,205 | €62,616 | +€20,411 | +48.4% |
| Financial income | 75/76B | €4 | €0 | -€4 | -93.6% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -93.6% |
| Financial charges | 65/66B | - | €1,335 | +€1,335 | |
| Recurring financial charges | 65 | - | €1,335 | +€1,335 | |
| Profit (loss) for the period before taxes | 9903 | €42,209 | €61,281 | +€19,072 | +45.2% |
| Income taxes | 67/77 | €8,598 | €12,957 | +€4,359 | +50.7% |
| Profit (loss) for the period | 9904 | €33,611 | €48,323 | +€14,713 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,611 | €48,323 | +€14,713 | +43.8% |
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 20 October 2026 via checked.be.