POWELL M&G: 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.
POWELL M&G
Largest movements
- Receivables within one year +€19,131
up €19,131 (+111%), from €17,203 to €36,334
- Stocks and contracts -€16,853
no longer reported in 2025 (was €16,853)
- Deferred charges and accrued income +€7,554
up €7,554 (+584%), from €1,293 to €8,847
- Tangible fixed assets +€7,513
up €7,513 (+26.2%), from €28,729 to €36,242
of which Furniture and vehicles: +€7,756
- Cash +€5,806
up €5,806 (+192%), from €3,025 to €8,831
mainly Net result for the year (+€25,108) and Stocks and contracts (+€16,853)
- Profit (loss) carried forward +€25,108
up €25,108, from -€9,421 to €15,687
- Current portion of long-term debt +€4,166
up €4,166 (+46.3%), from €8,998 to €13,164
- Debts after one year -€3,961
down €3,961 (-48.0%), from €8,252 to €4,291
- Trade debts -€2,120
down €2,120 (-9.4%), from €22,475 to €20,355
- Other debts -€1,726
down €1,726 (-6.8%), from €25,558 to €23,832
- Gross operating margin +€38,094
up €38,094 (+2,167%), from €1,758 to €39,852
- Depreciation -€8,746
down €8,746 (-44.3%), from €19,732 to €10,987
- Taxes +€1,685
new in 2025: €1,685
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 | €67,102 | €90,253 | +€23,152 | +34.5% |
| Fixed assets | 21/28 | €28,729 | €36,242 | +€7,513 | +26.2% |
| Tangible fixed assets | 22/27 | €28,729 | €36,242 | +€7,513 | +26.2% |
| Plant, machinery and equipment | 23 | €495 | €252 | -€243 | -49.0% |
| Furniture and vehicles | 24 | €28,234 | €35,989 | +€7,756 | +27.5% |
| Current assets | 29/58 | €38,373 | €54,012 | +€15,638 | +40.8% |
| Stocks and contracts in progress | 3 | €16,853 | - | -€16,853 | |
| Contracts in progress | 37 | €16,853 | - | -€16,853 | |
| Amounts receivable within one year | 40/41 | €17,203 | €36,334 | +€19,131 | +111% |
| Trade receivables | 40 | €17,203 | €36,334 | +€19,131 | +111% |
| Cash at bank and in hand | 54/58 | €3,025 | €8,831 | +€5,806 | +192% |
| Deferred charges and accrued income | 490/1 | €1,293 | €8,847 | +€7,554 | +584% |
| Total equity and liabilities | 10/49 | €67,102 | €90,253 | +€23,152 | +34.5% |
| Equity | 10/15 | €1,819 | €26,927 | +€25,108 | +1,381% |
| Contributions | 10/11 | €11,240 | €11,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,421 | €15,687 | +€25,108 | |
| Amounts payable | 17/49 | €65,283 | €63,327 | -€1,956 | -3.0% |
| Amounts payable after more than one year | 17 | €8,252 | €4,291 | -€3,961 | -48.0% |
| Financial debts | 170/4 | €8,252 | €4,291 | -€3,961 | -48.0% |
| Amounts payable within one year | 42/48 | €57,031 | €59,036 | +€2,005 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €8,998 | €13,164 | +€4,166 | +46.3% |
| Trade debts | 44 | €22,475 | €20,355 | -€2,120 | -9.4% |
| Suppliers | 440/4 | €22,475 | €20,355 | -€2,120 | -9.4% |
| Taxes, remuneration and social security | 45 | - | €1,685 | +€1,685 | |
| Taxes | 450/3 | - | €1,685 | +€1,685 | |
| Other amounts payable | 47/48 | €25,558 | €23,832 | -€1,726 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,732 | €10,987 | -€8,746 | -44.3% |
| Other operating charges | 640/8 | €882 | €1,242 | +€360 | +40.9% |
| Gross operating margin | 9900 | €1,758 | €39,852 | +€38,094 | +2,167% |
| Operating profit (loss) | 9901 | -€18,856 | €27,624 | +€46,480 | |
| Financial income | 75/76B | €0 | €80 | +€80 | +25,706% |
| Recurring financial income | 75 | €0 | €80 | +€80 | +25,706% |
| Financial charges | 65/66B | €980 | €911 | -€69 | -7.1% |
| Recurring financial charges | 65 | €980 | €911 | -€69 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,836 | €26,793 | +€46,629 | |
| Income taxes | 67/77 | - | €1,685 | +€1,685 | |
| Profit (loss) for the period | 9904 | -€19,836 | €25,108 | +€44,944 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,836 | €25,108 | +€44,944 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.