POWER INSTALLATION: 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 INSTALLATION
Largest movements
- Cash +€206,890
up €206,890 (+48.6%), from €425,351 to €632,241
mainly Other debts (+€900,000) and Receivables within one year (+€113,034)
- Receivables within one year -€113,034
down €113,034 (-6.6%), from €1.7m to €1.6m
of which Trade receivables: -€180,411
- Tangible fixed assets -€54,978
down €54,978 (-7.2%), from €760,672 to €705,694
of which Land and buildings: -€28,788
- Stocks and contracts +€36,292
up €36,292 (+14.3%), from €254,271 to €290,563
- Reserves -€900,000
down €900,000 (-52.1%), from €1.7m to €826,423
of which Distributable reserves: -€900,000
- Other debts +€900,000
new in 2025: €900,000
- Trade debts +€91,674
up €91,674 (+21.8%), from €419,827 to €511,501
- Debts after one year -€76,118
down €76,118 (-19.9%), from €383,349 to €307,232
- Tax, wage and social debts +€52,842
up €52,842 (+21.6%), from €244,236 to €297,078
of which Taxes: +€29,771
- Gross operating margin -€354,072
down €354,072 (-21.0%), from €1.7m to €1.3m
- Staff costs +€91,887
up €91,887 (+8.1%), from €1.1m to €1.2m
- Taxes -€71,893
down €71,893, from €71,500 to -€393
- Other operating charges +€21,811
up €21,811 (+78.2%), from €27,904 to €49,714
- Write-downs -€21,178
down €21,178 (-1,750%), from -€1,210 to -€22,388
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,177,738 | €3,247,671 | +€69,934 | +2.2% |
| Fixed assets | 21/28 | €761,767 | €706,789 | -€54,978 | -7.2% |
| Tangible fixed assets | 22/27 | €760,672 | €705,694 | -€54,978 | -7.2% |
| Land and buildings | 22 | €634,919 | €606,131 | -€28,788 | -4.5% |
| Plant, machinery and equipment | 23 | €0 | €1,890 | +€1,890 | |
| Furniture and vehicles | 24 | €125,753 | €97,672 | -€28,081 | -22.3% |
| Financial fixed assets | 28 | €1,095 | €1,095 | = | 0.0% |
| Current assets | 29/58 | €2,415,971 | €2,540,883 | +€124,912 | +5.2% |
| Stocks and contracts in progress | 3 | €254,271 | €290,563 | +€36,292 | +14.3% |
| Stocks | 30/36 | €254,271 | €290,563 | +€36,292 | +14.3% |
| Amounts receivable within one year | 40/41 | €1,723,018 | €1,609,984 | -€113,034 | -6.6% |
| Trade receivables | 40 | €716,805 | €536,393 | -€180,411 | -25.2% |
| Other amounts receivable | 41 | €1,006,213 | €1,073,590 | +€67,377 | +6.7% |
| Cash at bank and in hand | 54/58 | €425,351 | €632,241 | +€206,890 | +48.6% |
| Deferred charges and accrued income | 490/1 | €13,331 | €8,095 | -€5,236 | -39.3% |
| Total equity and liabilities | 10/49 | €3,177,738 | €3,247,671 | +€69,934 | +2.2% |
| Equity | 10/15 | €1,837,412 | €901,413 | -€935,998 | -50.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,726,423 | €826,423 | -€900,000 | -52.1% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | - | -€6,198 | |
| Reserves not available under the articles | 1311 | - | €6,198 | +€6,198 | |
| Distributable reserves | 133 | €1,720,225 | €820,225 | -€900,000 | -52.3% |
| Profit (loss) carried forward | 14 | €49,015 | €13,017 | -€35,998 | -73.4% |
| Amounts payable | 17/49 | €1,340,326 | €2,346,258 | +€1.0m | +75.1% |
| Amounts payable after more than one year | 17 | €383,349 | €307,232 | -€76,118 | -19.9% |
| Financial debts | 170/4 | €383,349 | €307,232 | -€76,118 | -19.9% |
| Amounts payable within one year | 42/48 | €956,977 | €2,001,696 | +€1.0m | +109% |
| Current portion of amounts payable after more than one year | 42 | €91,301 | €93,118 | +€1,816 | +2.0% |
| Financial debts | 43 | €201,612 | €200,000 | -€1,612 | -0.8% |
| Credit institutions | 430/8 | €201,612 | €200,000 | -€1,612 | -0.8% |
| Trade debts | 44 | €419,827 | €511,501 | +€91,674 | +21.8% |
| Suppliers | 440/4 | €419,827 | €511,501 | +€91,674 | +21.8% |
| Taxes, remuneration and social security | 45 | €244,236 | €297,078 | +€52,842 | +21.6% |
| Taxes | 450/3 | €134,561 | €164,332 | +€29,771 | +22.1% |
| Remuneration and social security | 454/9 | €109,675 | €132,746 | +€23,071 | +21.0% |
| Other amounts payable | 47/48 | - | €900,000 | +€900,000 | |
| Accrued charges and deferred income | 492/3 | - | €37,330 | +€37,330 | |
| Non-recurring operating income | 76A | - | €206 | +€206 | |
| Remuneration, social security and pensions | 62 | €1,137,607 | €1,229,494 | +€91,887 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,176 | €77,952 | +€4,776 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,210 | -€22,388 | -€21,178 | -1,750% |
| Other operating charges | 640/8 | €27,904 | €49,714 | +€21,811 | +78.2% |
| Non-recurring operating charges | 66A | - | €1,528 | +€1,528 | |
| Gross operating margin | 9900 | €1,684,890 | €1,330,818 | -€354,072 | -21.0% |
| Operating profit (loss) | 9901 | €447,413 | -€5,482 | -€452,896 | |
| Financial income | 75/76B | €1 | €0 | -€0 | -53.8% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -53.8% |
| Financial charges | 65/66B | €24,564 | €30,909 | +€6,345 | +25.8% |
| Recurring financial charges | 65 | €24,564 | €30,909 | +€6,345 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €422,850 | -€36,391 | -€459,241 | |
| Income taxes | 67/77 | €71,500 | -€393 | -€71,893 | |
| Profit (loss) for the period | 9904 | €351,350 | -€35,998 | -€387,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €351,350 | -€35,998 | -€387,348 |
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 14 October 2026 via checked.be.