POWER DEVELOPMENT ENGINEERING: 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 DEVELOPMENT ENGINEERING
Largest movements
- Cash +€44,887
up €44,887 (+233.1%), from €19,256 to €64,143
mainly Trade debts (+€17,379) and Tax, wage and social debts (+€12,862)
- Tangible fixed assets -€7,939
down €7,939 (-54.5%), from €14,575 to €6,636
of which Furniture and vehicles: -€7,370
- Receivables within one year -€5,930
down €5,930 (-8.2%), from €72,680 to €66,750
of which Trade receivables: -€13,717
- Deferred charges and accrued income -€1,696
down €1,696 (-49.6%), from €3,420 to €1,724
- Trade debts +€17,379
up €17,379 (+317.3%), from €5,477 to €22,856
- Tax, wage and social debts +€12,862
up €12,862 (+116.2%), from €11,073 to €23,935
of which Remuneration and social security: +€7,059
- Other debts +€8,744
up €8,744 (+345623.7%), from €3 to €8,747
- Reserves -€5,365
down €5,365 (-6.4%), from €84,197 to €78,832
of which Distributable reserves: -€3,505
- Contributions -€4,340
down €4,340 (-70.0%), from €6,200 to €1,860
of which Capital: -€6,200
- Staff costs +€13,776
up €13,776 (+39.7%), from €34,661 to €48,437
- Gross operating margin -€10,932
down €10,932 (-13.1%), from €83,442 to €72,510
- Taxes -€7,990
down €7,990 (-78.3%), from €10,204 to €2,214
- Other operating charges +€2,179
up €2,179 (+192.4%), from €1,133 to €3,312
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 | €109,931 | €139,253 | +€29,322 | +26.7% |
| Fixed assets | 21/28 | €14,575 | €6,636 | -€7,939 | -54.5% |
| Tangible fixed assets | 22/27 | €14,575 | €6,636 | -€7,939 | -54.5% |
| Plant, machinery and equipment | 23 | €3,874 | €3,305 | -€569 | -14.7% |
| Furniture and vehicles | 24 | €10,701 | €3,331 | -€7,370 | -68.9% |
| Current assets | 29/58 | €95,356 | €132,617 | +€37,261 | +39.1% |
| Amounts receivable within one year | 40/41 | €72,680 | €66,750 | -€5,930 | -8.2% |
| Trade receivables | 40 | €72,680 | €58,964 | -€13,717 | -18.9% |
| Other amounts receivable | 41 | - | €7,787 | +€7,787 | |
| Cash at bank and in hand | 54/58 | €19,256 | €64,143 | +€44,887 | +233.1% |
| Deferred charges and accrued income | 490/1 | €3,420 | €1,724 | -€1,696 | -49.6% |
| Total equity and liabilities | 10/49 | €109,931 | €139,253 | +€29,322 | +26.7% |
| Equity | 10/15 | €90,397 | €80,692 | -€9,705 | -10.7% |
| Contributions | 10/11 | €6,200 | €1,860 | -€4,340 | -70.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Outside capital | 11 | - | €1,860 | +€1,860 | |
| Other | 1109/19 | - | €1,860 | +€1,860 | |
| Reserves | 13 | €84,197 | €78,832 | -€5,365 | -6.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €82,337 | €78,832 | -€3,505 | -4.3% |
| Amounts payable | 17/49 | €19,534 | €58,561 | +€39,027 | +199.8% |
| Amounts payable within one year | 42/48 | €19,534 | €58,561 | +€39,027 | +199.8% |
| Financial debts | 43 | €2,982 | €3,023 | +€41 | +1.4% |
| Credit institutions | 430/8 | €2,982 | €3,023 | +€41 | +1.4% |
| Trade debts | 44 | €5,477 | €22,856 | +€17,379 | +317.3% |
| Suppliers | 440/4 | €5,477 | €22,856 | +€17,379 | +317.3% |
| Taxes, remuneration and social security | 45 | €11,073 | €23,935 | +€12,862 | +116.2% |
| Taxes | 450/3 | €955 | €6,758 | +€5,803 | +607.3% |
| Remuneration and social security | 454/9 | €10,118 | €17,177 | +€7,059 | +69.8% |
| Other amounts payable | 47/48 | €3 | €8,747 | +€8,744 | +345623.7% |
| Remuneration, social security and pensions | 62 | €34,661 | €48,437 | +€13,776 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,179 | €9,368 | +€188 | +2.1% |
| Other operating charges | 640/8 | €1,133 | €3,312 | +€2,179 | +192.4% |
| Gross operating margin | 9900 | €83,442 | €72,510 | -€10,932 | -13.1% |
| Operating profit (loss) | 9901 | €38,469 | €11,393 | -€27,076 | -70.4% |
| Financial income | 75/76B | €2 | €54 | +€52 | +2134.6% |
| Recurring financial income | 75 | €2 | €54 | +€52 | +2134.6% |
| Financial charges | 65/66B | €1,617 | €1,427 | -€190 | -11.7% |
| Recurring financial charges | 65 | €1,617 | €1,427 | -€190 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €36,855 | €10,020 | -€26,834 | -72.8% |
| Income taxes | 67/77 | €10,204 | €2,214 | -€7,990 | -78.3% |
| Profit (loss) for the period | 9904 | €26,651 | €7,806 | -€18,845 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,651 | €7,806 | -€18,845 | -70.7% |
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 6 October 2026 via checked.be.