Power Center: 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.
What changed
Power Center
NACE 33.150, Repair, maintenance and installation of machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,085
2024 · -€15,730+€10,645
Equity
€1.0m
2024 · €1.0m-€5,085
Cash
€132,712
2024 · €251,769-€119,057
Balance sheet total
€2.4m
2024 · €2.8m-€407,456
Largest movements
Assets
- Stocks and contracts -€176,269
down €176,269 (-10.3%), from €1.7m to €1.5m
- Cash -€119,057
down €119,057 (-47.3%), from €251,769 to €132,712
mainly Advances received (-€270,557) and Investment in fixed assets (net) (-€72,262)
- Receivables within one year -€78,398
down €78,398 (-40.5%), from €193,488 to €115,090
of which Trade receivables: -€79,639
- Tangible fixed assets -€40,278
down €40,278 (-6.4%), from €626,861 to €586,583
of which Land and buildings: -€40,768
Equity and liabilities
- Advances received -€270,557
down €270,557 (-98.3%), from €275,250 to €4,693
- Other debts -€71,045
down €71,045 (-42.5%), from €167,068 to €96,023
- Debts after one year -€31,712
down €31,712 (-4.5%), from €709,620 to €677,908
of which Financial debts: -€31,712
Income statement
- Gross operating margin +€50,897
up €50,897 (+9.1%), from €559,064 to €609,961
- Staff costs +€20,533
up €20,533 (+4.9%), from €415,083 to €435,616
- Financial income -€10,290
down €10,290 (-100.0%), from €10,290 to €0
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.
Result 2024
-€15,730
Gross operating margin
+€50,897
Staff costs
-€20,533
Depreciation
-€4,528
Other operating charges
-€3,808
Financial income
-€10,290
Financial charges
+€3,822
Taxes
-€4,853
Deferred taxes and other
-€62
Result 2025
-€5,085
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€25,458
Investment
-€72,262
Financing
-€21,337
Cash 2024
€251,769
From operations (derived)
-€25,458
Net result for the year
-€5,085
Depreciation
+€106,990
Stocks and contracts
+€176,269
Receivables within one year
+€78,398
Deferred charges and accrued income
-€997
Provisions
-€8,567
Trade debts
+€772
Tax, wage and social debts
-€26,996
Advances received
-€270,557
Other debts
-€71,045
Accrued charges and deferred income
-€4,640
Investment (derived)
-€72,262
Investment in fixed assets (net)
-€72,262
Financing
-€21,337
Debts after one year
-€31,712
Current portion of long-term debt
+€10,375
Cash 2025
€132,712
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,799,399 | €2,391,943 | -€407,456 | -14.6% |
| Fixed assets | 21/28 | €626,861 | €592,133 | -€34,728 | -5.5% |
| Tangible fixed assets | 22/27 | €626,861 | €586,583 | -€40,278 | -6.4% |
| Land and buildings | 22 | €463,278 | €422,510 | -€40,768 | -8.8% |
| Plant, machinery and equipment | 23 | €10,797 | €15,908 | +€5,112 | +47.3% |
| Furniture and vehicles | 24 | €131,256 | €129,132 | -€2,124 | -1.6% |
| Other tangible fixed assets | 26 | €21,530 | €19,033 | -€2,498 | -11.6% |
| Financial fixed assets | 28 | - | €5,550 | +€5,550 | |
| Current assets | 29/58 | €2,172,538 | €1,799,810 | -€372,728 | -17.2% |
| Stocks and contracts in progress | 3 | €1,714,825 | €1,538,555 | -€176,269 | -10.3% |
| Stocks | 30/36 | €1,714,825 | €1,538,555 | -€176,269 | -10.3% |
| Amounts receivable within one year | 40/41 | €193,488 | €115,090 | -€78,398 | -40.5% |
| Trade receivables | 40 | €166,693 | €87,054 | -€79,639 | -47.8% |
| Other amounts receivable | 41 | €26,795 | €28,036 | +€1,241 | +4.6% |
| Cash at bank and in hand | 54/58 | €251,769 | €132,712 | -€119,057 | -47.3% |
| Deferred charges and accrued income | 490/1 | €12,457 | €13,453 | +€997 | +8.0% |
| Total equity and liabilities | 10/49 | €2,799,399 | €2,391,943 | -€407,456 | -14.6% |
| Equity | 10/15 | €1,015,752 | €1,010,667 | -€5,085 | -0.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €950,752 | €945,667 | -€5,085 | -0.5% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €201,884 | €176,182 | -€25,702 | -12.7% |
| Distributable reserves | 133 | €742,368 | €762,985 | +€20,617 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €67,295 | €58,727 | -€8,567 | -12.7% |
| Deferred taxes | 168 | €67,295 | €58,727 | -€8,567 | -12.7% |
| Amounts payable | 17/49 | €1,716,353 | €1,322,549 | -€393,804 | -22.9% |
| Amounts payable after more than one year | 17 | €709,620 | €677,908 | -€31,712 | -4.5% |
| Financial debts | 170/4 | €359,620 | €327,908 | -€31,712 | -8.8% |
| Other amounts payable | 178/9 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €965,298 | €607,846 | -€357,452 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €67,396 | €77,771 | +€10,375 | +15.4% |
| Trade debts | 44 | €357,773 | €358,545 | +€772 | +0.2% |
| Suppliers | 440/4 | €357,773 | €358,545 | +€772 | +0.2% |
| Advances received on contracts in progress | 46 | €275,250 | €4,693 | -€270,557 | -98.3% |
| Taxes, remuneration and social security | 45 | €97,810 | €70,814 | -€26,996 | -27.6% |
| Taxes | 450/3 | €43,834 | €22,926 | -€20,908 | -47.7% |
| Remuneration and social security | 454/9 | €53,977 | €47,888 | -€6,089 | -11.3% |
| Other amounts payable | 47/48 | €167,068 | €96,023 | -€71,045 | -42.5% |
| Accrued charges and deferred income | 492/3 | €41,434 | €36,794 | -€4,640 | -11.2% |
| Remuneration, social security and pensions | 62 | €415,083 | €435,616 | +€20,533 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,462 | €106,990 | +€4,528 | +4.4% |
| Other operating charges | 640/8 | €17,540 | €21,348 | +€3,808 | +21.7% |
| Gross operating margin | 9900 | €559,064 | €609,961 | +€50,897 | +9.1% |
| Operating profit (loss) | 9901 | €23,979 | €46,007 | +€22,027 | +91.9% |
| Financial income | 75/76B | €10,290 | €0 | -€10,290 | -100.0% |
| Recurring financial income | 75 | €10,290 | €0 | -€10,290 | -100.0% |
| Financial charges | 65/66B | €54,406 | €50,584 | -€3,822 | -7.0% |
| Recurring financial charges | 65 | €54,406 | €50,584 | -€3,822 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,137 | -€4,577 | +€15,560 | +77.3% |
| Transfer from deferred taxes | 780 | €8,629 | €8,567 | -€62 | -0.7% |
| Income taxes | 67/77 | €4,221 | €9,074 | +€4,853 | +115% |
| Profit (loss) for the period | 9904 | -€15,730 | -€5,085 | +€10,645 | +67.7% |
| Transfer from tax-exempt reserves | 789 | €25,887 | €25,702 | -€185 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,157 | €20,617 | +€10,460 | +103% |
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 19 October 2026 via checked.be.