POWER BELGIUM: 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 BELGIUM
Largest movements
- Tangible fixed assets +€17,847
up €17,847 (+35.5%), from €50,313 to €68,160
of which Furniture and vehicles: +€19,056
- Cash -€12,214
down €12,214 (-31.8%), from €38,375 to €26,160
mainly Investment in fixed assets (net) (-€59,866) and Net result for the year (-€34,109)
- Profit (loss) carried forward -€34,109
down €34,109, from €31,279 to -€2,830
- Debts after one year +€23,806
up €23,806 (+97.1%), from €24,517 to €48,323
of which Financial debts: +€23,806
- Current portion of long-term debt +€16,194
up €16,194 (+203%), from €7,989 to €24,183
- Depreciation +€19,941
up €19,941 (+90.3%), from €22,079 to €42,019
- Other operating charges +€11,284
up €11,284 (+306%), from €3,684 to €14,968
- Gross operating margin -€5,126
down €5,126 (-15.5%), from €33,010 to €27,884
- Financial charges +€3,035
up €3,035 (+173%), from €1,749 to €4,784
- Taxes -€1,016
down €1,016 (-81.6%), from €1,246 to €230
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 | €97,302 | €103,417 | +€6,115 | +6.3% |
| Fixed assets | 21/28 | €50,313 | €68,160 | +€17,847 | +35.5% |
| Tangible fixed assets | 22/27 | €50,313 | €68,160 | +€17,847 | +35.5% |
| Plant, machinery and equipment | 23 | €891 | €397 | -€494 | -55.5% |
| Furniture and vehicles | 24 | €42,943 | €61,999 | +€19,056 | +44.4% |
| Leasing and similar rights | 25 | €332 | - | -€332 | |
| Other tangible fixed assets | 26 | €6,147 | €5,765 | -€382 | -6.2% |
| Current assets | 29/58 | €46,989 | €35,257 | -€11,732 | -25.0% |
| Amounts receivable within one year | 40/41 | €6,735 | €6,919 | +€184 | +2.7% |
| Trade receivables | 40 | €330 | €4,309 | +€3,980 | +1,207% |
| Other amounts receivable | 41 | €6,405 | €2,610 | -€3,795 | -59.3% |
| Cash at bank and in hand | 54/58 | €38,375 | €26,160 | -€12,214 | -31.8% |
| Deferred charges and accrued income | 490/1 | €1,879 | €2,178 | +€299 | +15.9% |
| Total equity and liabilities | 10/49 | €97,302 | €103,417 | +€6,115 | +6.3% |
| Equity | 10/15 | €51,739 | €17,630 | -€34,109 | -65.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,279 | -€2,830 | -€34,109 | |
| Amounts payable | 17/49 | €45,563 | €85,787 | +€40,224 | +88.3% |
| Amounts payable after more than one year | 17 | €24,517 | €48,323 | +€23,806 | +97.1% |
| Financial debts | 170/4 | €22,917 | €46,723 | +€23,806 | +104% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,045 | €37,464 | +€16,418 | +78.0% |
| Current portion of amounts payable after more than one year | 42 | €7,989 | €24,183 | +€16,194 | +203% |
| Trade debts | 44 | €13,047 | €12,556 | -€492 | -3.8% |
| Suppliers | 440/4 | €13,047 | €12,556 | -€492 | -3.8% |
| Taxes, remuneration and social security | 45 | €10 | €726 | +€716 | +7,514% |
| Taxes | 450/3 | - | €61 | +€61 | |
| Remuneration and social security | 454/9 | €10 | €665 | +€655 | +6,874% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,079 | €42,019 | +€19,941 | +90.3% |
| Other operating charges | 640/8 | €3,684 | €14,968 | +€11,284 | +306% |
| Gross operating margin | 9900 | €33,010 | €27,884 | -€5,126 | -15.5% |
| Operating profit (loss) | 9901 | €7,247 | -€29,104 | -€36,351 | |
| Financial income | 75/76B | €1 | €9 | +€8 | +1,600% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +1,600% |
| Financial charges | 65/66B | €1,749 | €4,784 | +€3,035 | +173% |
| Recurring financial charges | 65 | €1,749 | €4,784 | +€3,035 | +173% |
| Profit (loss) for the period before taxes | 9903 | €5,498 | -€33,879 | -€39,377 | |
| Income taxes | 67/77 | €1,246 | €230 | -€1,016 | -81.6% |
| Profit (loss) for the period | 9904 | €4,252 | -€34,109 | -€38,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,252 | -€34,109 | -€38,361 |
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 23 October 2026 via checked.be.