Power Car: what changed
Two fiscal 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 Car
Largest movements
- Tangible fixed assets -€51,770
down €51,770 (-90.7%), from €57,050 to €5,280
of which Furniture and vehicles: -€49,448
- Receivables within one year -€15,216
down €15,216 (-57.4%), from €26,496 to €11,280
of which Trade receivables: -€14,431
- Stocks and contracts -€9,236
down €9,236 (-7.0%), from €132,773 to €123,537
- Cash -€5,377
down €5,377 (-56.7%), from €9,481 to €4,104
mainly Tax, wage and social debts (-€48,333) and Trade debts (-€32,836)
- Tax, wage and social debts -€48,333
down €48,333 (-58.2%), from €82,993 to €34,660
of which Remuneration and social security: -€31,844
- Trade debts -€32,836
down €32,836 (-92.9%), from €35,358 to €2,522
- Debts after one year +€26,000
up €26,000 (+108.3%), from €24,000 to €50,000
- Profit (loss) carried forward -€19,469
new in 2025: -€19,469
- Current portion of long-term debt -€10,286
no longer reported in 2025 (was €10,286)
- Staff costs +€25,280
up €25,280 (+33.8%), from €74,734 to €100,014
- Other operating charges +€9,646
up €9,646 (+1241.8%), from €777 to €10,423
- Gross operating margin -€9,440
down €9,440 (-6.4%), from €146,372 to €136,932
- Write-downs +€7,000
new in 2025: €7,000
- Depreciation -€6,657
down €6,657 (-17.9%), from €37,213 to €30,556
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 | €226,970 | €144,337 | -€82,633 | -36.4% |
| Fixed assets | 21/28 | €57,050 | €5,280 | -€51,770 | -90.7% |
| Tangible fixed assets | 22/27 | €57,050 | €5,280 | -€51,770 | -90.7% |
| Plant, machinery and equipment | 23 | €6,616 | €4,519 | -€2,097 | -31.7% |
| Furniture and vehicles | 24 | €50,209 | €761 | -€49,448 | -98.5% |
| Leasing and similar rights | 25 | €225 | - | -€225 | |
| Current assets | 29/58 | €169,920 | €139,057 | -€30,863 | -18.2% |
| Stocks and contracts in progress | 3 | €132,773 | €123,537 | -€9,236 | -7.0% |
| Stocks | 30/36 | €132,773 | €123,537 | -€9,236 | -7.0% |
| Amounts receivable within one year | 40/41 | €26,496 | €11,280 | -€15,216 | -57.4% |
| Trade receivables | 40 | €25,712 | €11,280 | -€14,431 | -56.1% |
| Other amounts receivable | 41 | €784 | - | -€784 | |
| Cash at bank and in hand | 54/58 | €9,481 | €4,104 | -€5,377 | -56.7% |
| Deferred charges and accrued income | 490/1 | €1,170 | €136 | -€1,034 | -88.4% |
| Total equity and liabilities | 10/49 | €226,970 | €144,337 | -€82,633 | -36.4% |
| Equity | 10/15 | €10,338 | -€9,131 | -€19,469 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €338 | €338 | = | 0.0% |
| Distributable reserves | 133 | €338 | €338 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,469 | -€19,469 | |
| Amounts payable | 17/49 | €216,632 | €153,468 | -€63,164 | -29.2% |
| Amounts payable after more than one year | 17 | €24,000 | €50,000 | +€26,000 | +108.3% |
| Financial debts | 170/4 | €24,000 | €50,000 | +€26,000 | +108.3% |
| Amounts payable within one year | 42/48 | €192,632 | €103,468 | -€89,164 | -46.3% |
| Current portion of amounts payable after more than one year | 42 | €10,286 | - | -€10,286 | |
| Trade debts | 44 | €35,358 | €2,522 | -€32,836 | -92.9% |
| Suppliers | 440/4 | €35,358 | €2,522 | -€32,836 | -92.9% |
| Advances received on contracts in progress | 46 | - | €4,710 | +€4,710 | |
| Taxes, remuneration and social security | 45 | €82,993 | €34,660 | -€48,333 | -58.2% |
| Taxes | 450/3 | €45,869 | €29,381 | -€16,488 | -35.9% |
| Remuneration and social security | 454/9 | €37,123 | €5,279 | -€31,844 | -85.8% |
| Other amounts payable | 47/48 | €63,995 | €61,576 | -€2,419 | -3.8% |
| Remuneration, social security and pensions | 62 | €74,734 | €100,014 | +€25,280 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,213 | €30,556 | -€6,657 | -17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,000 | +€7,000 | |
| Other operating charges | 640/8 | €777 | €10,423 | +€9,646 | +1241.8% |
| Gross operating margin | 9900 | €146,372 | €136,932 | -€9,440 | -6.4% |
| Operating profit (loss) | 9901 | €33,648 | -€11,062 | -€44,709 | |
| Financial income | 75/76B | €58 | €77 | +€19 | +32.8% |
| Recurring financial income | 75 | €58 | €77 | +€19 | +32.8% |
| Financial charges | 65/66B | €1,828 | €8,485 | +€6,656 | +364.1% |
| Recurring financial charges | 65 | €1,828 | €8,485 | +€6,656 | +364.1% |
| Profit (loss) for the period before taxes | 9903 | €31,877 | -€19,469 | -€51,347 | |
| Income taxes | 67/77 | €5,200 | - | -€5,200 | |
| Profit (loss) for the period | 9904 | €26,677 | -€19,469 | -€46,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,677 | -€19,469 | -€46,147 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.