POWER FX: 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.
What changed
POWER FX
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€924
2024 · €5,582-€4,658
Equity
€13,653
2024 · €14,379-€726
Cash
€49,521
2024 · €52,885-€3,364
Balance sheet total
€83,580
2024 · €96,068-€12,487
Largest movements
Assets
- Receivables within one year -€6,009
down €6,009 (-17.6%), from €34,148 to €28,139
of which Other amounts receivable: -€9,783
- Cash -€3,364
down €3,364 (-6.4%), from €52,885 to €49,521
mainly Trade debts (-€13,410) and Contributions, distributions and other (-€1,650)
- Intangible fixed assets -€3,300
down €3,300 (-43.5%), from €7,595 to €4,295
Equity and liabilities
- Trade debts -€13,410
down €13,410 (-16.8%), from €79,850 to €66,440
of which Suppliers: -€13,410
- Investment grants -€1,650
down €1,650 (-43.5%), from €3,797 to €2,147
- Tax, wage and social debts +€1,649
up €1,649 (+89.7%), from €1,838 to €3,487
of which Taxes: +€1,649
Income statement
- Turnover +€361,471
new in 2025: €361,471
- Purchases and services +€356,249
new in 2025: €356,249
- Gross operating margin -€5,303
down €5,303 (-43.6%), from €12,174 to €6,872
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
€5,582
Gross operating margin
-€5,303
Depreciation
+€206
Other operating charges
-€403
Financial charges
-€80
Taxes
+€922
Result 2025
€924
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.
From operations
-€747
Investment
-€968
Financing
-€1,650
Cash 2024
€52,885
From operations (derived)
-€747
Net result for the year
+€924
Depreciation
+€4,121
Receivables within one year
+€6,009
Deferred charges and accrued income
-€40
Trade debts
-€13,410
Tax, wage and social debts
+€1,649
Investment (derived)
-€968
Investment in fixed assets (net)
-€968
Financing
-€1,650
Contributions, distributions and other
-€1,650
Cash 2025
€49,521
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,068 | €83,580 | -€12,487 | -13.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,034 | €5,881 | -€3,154 | -34.9% |
| Intangible fixed assets | 21 | €7,595 | €4,295 | -€3,300 | -43.5% |
| Tangible fixed assets | 22/27 | €1,440 | €1,586 | +€146 | +10.2% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €1,440 | €1,586 | +€146 | +10.2% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €87,034 | €77,700 | -€9,334 | -10.7% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €34,148 | €28,139 | -€6,009 | -17.6% |
| Trade receivables | 40 | €24,365 | €28,138 | +€3,773 | +15.5% |
| Other amounts receivable | 41 | €9,784 | €1 | -€9,783 | -100.0% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €52,885 | €49,521 | -€3,364 | -6.4% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €96,068 | €83,580 | -€12,487 | -13.0% |
| Equity | 10/15 | €14,379 | €13,653 | -€726 | -5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | - | €0 | = | |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €5,582 | €6,506 | +€924 | +16.6% |
| Investment grants | 15 | €3,797 | €2,147 | -€1,650 | -43.5% |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €81,688 | €69,927 | -€11,762 | -14.4% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €81,688 | €69,927 | -€11,762 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €79,850 | €66,440 | -€13,410 | -16.8% |
| Suppliers | 440/4 | €79,850 | €66,440 | -€13,410 | -16.8% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,838 | €3,487 | +€1,649 | +89.7% |
| Taxes | 450/3 | €1,838 | €3,487 | +€1,649 | +89.7% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €361,471 | +€361,471 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €356,249 | +€356,249 | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,327 | €4,121 | -€206 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €405 | €808 | +€403 | +99.4% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €12,174 | €6,872 | -€5,303 | -43.6% |
| Operating profit (loss) | 9901 | €7,442 | €1,943 | -€5,499 | -73.9% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €22 | €102 | +€80 | +368.3% |
| Recurring financial charges | 65 | €22 | €102 | +€80 | +368.3% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €7,420 | €1,841 | -€5,580 | -75.2% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €1,838 | €917 | -€922 | -50.1% |
| Profit (loss) for the period | 9904 | €5,582 | €924 | -€4,658 | -83.4% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €5,582 | €924 | -€4,658 | -83.4% |
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 9 October 2026 via checked.be.