POWER HIDDEN: 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 HIDDEN
Largest movements
- Receivables within one year +€325,232
up €325,232 (+396.9%), from €81,934 to €407,166
of which Trade receivables: +€294,395
- Stocks and contracts +€46,997
up €46,997 (+274.3%), from €17,136 to €64,132
- Cash -€22,548
down €22,548 (-68.5%), from €32,939 to €10,390
mainly Receivables within one year (-€325,232) and Stocks and contracts (-€46,997)
- Financial fixed assets +€18,700
new in 2025: €18,700
- Tangible fixed assets +€17,954
up €17,954 (+1010.4%), from €1,777 to €19,731
of which Furniture and vehicles: +€18,309
- Trade debts +€251,610
up €251,610 (+203.3%), from €123,770 to €375,380
- Tax, wage and social debts +€69,486
up €69,486 (+1840.8%), from €3,775 to €73,261
of which Remuneration and social security: +€57,913
- Other debts +€42,816
new in 2025: €42,816
- Profit (loss) carried forward +€25,731
up €25,731 (+412.3%), from €6,241 to €31,972
- Gross operating margin +€145,676
up €145,676 (+961.9%), from €15,145 to €160,822
- Staff costs +€107,621
up €107,621 (+4850.4%), from €2,219 to €109,840
- Taxes +€5,456
up €5,456 (+333.0%), from €1,638 to €7,094
- Other operating charges +€5,025
up €5,025 (+103.2%), from €4,868 to €9,892
- Depreciation +€4,475
new in 2025: €4,475
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 | €133,786 | €523,429 | +€389,643 | +291.2% |
| Fixed assets | 21/28 | €1,777 | €38,431 | +€36,654 | +2062.7% |
| Tangible fixed assets | 22/27 | €1,777 | €19,731 | +€17,954 | +1010.4% |
| Furniture and vehicles | 24 | - | €18,309 | +€18,309 | |
| Other tangible fixed assets | 26 | €1,777 | €1,422 | -€355 | -20.0% |
| Financial fixed assets | 28 | - | €18,700 | +€18,700 | |
| Current assets | 29/58 | €132,009 | €484,998 | +€352,989 | +267.4% |
| Stocks and contracts in progress | 3 | €17,136 | €64,132 | +€46,997 | +274.3% |
| Stocks | 30/36 | €17,136 | €64,132 | +€46,997 | +274.3% |
| Amounts receivable within one year | 40/41 | €81,934 | €407,166 | +€325,232 | +396.9% |
| Trade receivables | 40 | €46,989 | €341,384 | +€294,395 | +626.5% |
| Other amounts receivable | 41 | €34,945 | €65,782 | +€30,837 | +88.2% |
| Current investments | 50/53 | - | €604 | +€604 | |
| Cash at bank and in hand | 54/58 | €32,939 | €10,390 | -€22,548 | -68.5% |
| Deferred charges and accrued income | 490/1 | - | €2,705 | +€2,705 | |
| Total equity and liabilities | 10/49 | €133,786 | €523,429 | +€389,643 | +291.2% |
| Equity | 10/15 | €6,241 | €31,972 | +€25,731 | +412.3% |
| Profit (loss) carried forward | 14 | €6,241 | €31,972 | +€25,731 | +412.3% |
| Amounts payable | 17/49 | €127,545 | €491,457 | +€363,912 | +285.3% |
| Amounts payable within one year | 42/48 | €127,545 | €491,457 | +€363,912 | +285.3% |
| Trade debts | 44 | €123,770 | €375,380 | +€251,610 | +203.3% |
| Suppliers | 440/4 | €123,770 | €375,380 | +€251,610 | +203.3% |
| Taxes, remuneration and social security | 45 | €3,775 | €73,261 | +€69,486 | +1840.8% |
| Taxes | 450/3 | €3,637 | €15,211 | +€11,574 | +318.2% |
| Remuneration and social security | 454/9 | €138 | €58,050 | +€57,913 | +42102.9% |
| Other amounts payable | 47/48 | - | €42,816 | +€42,816 | |
| Remuneration, social security and pensions | 62 | €2,219 | €109,840 | +€107,621 | +4850.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,475 | +€4,475 | |
| Other operating charges | 640/8 | €4,868 | €9,892 | +€5,025 | +103.2% |
| Gross operating margin | 9900 | €15,145 | €160,822 | +€145,676 | +961.9% |
| Operating profit (loss) | 9901 | €8,059 | €36,614 | +€28,555 | +354.3% |
| Financial charges | 65/66B | €180 | €3,789 | +€3,610 | +2010.5% |
| Recurring financial charges | 65 | €180 | €3,789 | +€3,610 | +2010.5% |
| Profit (loss) for the period before taxes | 9903 | €7,879 | €32,825 | +€24,945 | +316.6% |
| Income taxes | 67/77 | €1,638 | €7,094 | +€5,456 | +333.0% |
| Profit (loss) for the period | 9904 | €6,241 | €25,731 | +€19,490 | +312.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,241 | €25,731 | +€19,490 | +312.3% |
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 11 October 2026 via checked.be.