POWER: 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.
POWER
Largest movements
- Receivables within one year -€25,716
down €25,716 (-89.1%), from €28,853 to €3,137
- Cash +€4,053
up €4,053 (+10.8%), from €37,543 to €41,596
mainly Receivables within one year (+€25,716) and Depreciation (+€1,425)
- Profit (loss) carried forward -€21,761
down €21,761 (-40.0%), from €54,405 to €32,644
- Gross operating margin -€25,381
down €25,381 (-95.0%), from €26,724 to €1,343
- Taxes +€2,632
up €2,632 (+118.0%), from €2,231 to €4,863
- Financial income -€1,369
no longer reported in 2025 (was €1,369)
of which Financial income: -€1,369
- Other operating charges +€483
up €483 (+20.0%), from €2,421 to €2,904
- Depreciation +€278
up €278 (+24.2%), from €1,147 to €1,425
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.
Cash bridge derived
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 | €85,677 | €63,250 | -€22,427 | -26.2% |
| Fixed assets | 21/28 | €9,281 | €8,517 | -€764 | -8.2% |
| Tangible fixed assets | 22/27 | €2,381 | €1,617 | -€764 | -32.1% |
| Furniture and vehicles | 24 | €2,381 | €1,617 | -€764 | -32.1% |
| Financial fixed assets | 28 | €6,900 | €6,900 | = | 0.0% |
| Current assets | 29/58 | €76,396 | €54,733 | -€21,663 | -28.4% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,853 | €3,137 | -€25,716 | -89.1% |
| Other amounts receivable | 41 | €28,853 | €3,137 | -€25,716 | -89.1% |
| Cash at bank and in hand | 54/58 | €37,543 | €41,596 | +€4,053 | +10.8% |
| Total equity and liabilities | 10/49 | €85,677 | €63,250 | -€22,427 | -26.2% |
| Equity | 10/15 | €82,771 | €61,010 | -€21,761 | -26.3% |
| Contributions | 10/11 | €13,097 | €13,097 | = | 0.0% |
| Reserves | 13 | €15,269 | €15,269 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,269 | €15,269 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,405 | €32,644 | -€21,761 | -40.0% |
| Amounts payable | 17/49 | €2,906 | €2,240 | -€666 | -22.9% |
| Amounts payable within one year | 42/48 | €2,906 | €2,240 | -€666 | -22.9% |
| Trade debts | 44 | €2,902 | €2,122 | -€780 | -26.9% |
| Suppliers | 440/4 | €2,902 | €2,122 | -€780 | -26.9% |
| Taxes, remuneration and social security | 45 | - | €118 | +€118 | |
| Taxes | 450/3 | - | €118 | +€118 | |
| Other amounts payable | 47/48 | €4 | - | -€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,147 | €1,425 | +€278 | +24.2% |
| Other operating charges | 640/8 | €2,421 | €2,904 | +€483 | +20.0% |
| Gross operating margin | 9900 | €26,724 | €1,343 | -€25,381 | -95.0% |
| Operating profit (loss) | 9901 | €23,156 | -€2,986 | -€26,142 | |
| Financial income | 75/76B | €1,369 | - | -€1,369 | |
| Recurring financial income | 75 | €1,369 | - | -€1,369 | |
| Non-recurring financial income | 76B | €1,369 | - | -€1,369 | |
| Financial charges | 65/66B | €365 | €112 | -€253 | -69.3% |
| Recurring financial charges | 65 | €365 | €112 | -€253 | -69.3% |
| Non-recurring financial charges | 66B | €365 | €112 | -€253 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €24,160 | -€3,098 | -€27,258 | |
| Income taxes | 67/77 | €2,231 | €4,863 | +€2,632 | +118.0% |
| Profit (loss) for the period | 9904 | €21,929 | -€7,961 | -€29,890 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,929 | -€7,961 | -€29,890 |
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 11 October 2026 via checked.be.