POWER LIMIT: 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 LIMIT
Largest movements
- Tangible fixed assets +€56,225
up €56,225 (+39.4%), from €142,550 to €198,775
of which Leasing and similar rights: +€57,778
- Receivables within one year +€51,431
up €51,431 (+29.1%), from €176,827 to €228,259
of which Trade receivables: +€54,710
- Cash +€31,823
up €31,823 (+4.2%), from €763,185 to €795,008
mainly Net result for the year (+€52,329) and Debts after one year (+€40,461)
- Stocks and contracts +€26,285
up €26,285 (+27.6%), from €95,270 to €121,555
- Profit (loss) carried forward +€52,329
up €52,329 (+9.2%), from €571,870 to €624,199
- Debts after one year +€40,461
up €40,461 (+171.0%), from €23,659 to €64,120
- Tax, wage and social debts +€24,910
up €24,910 (+17.6%), from €141,575 to €166,485
of which Taxes: +€28,380
- Other debts +€20,082
up €20,082 (+7.9%), from €253,444 to €273,526
- Gross operating margin -€31,862
down €31,862 (-4.4%), from €727,923 to €696,061
- Depreciation +€11,930
up €11,930 (+53.5%), from €22,307 to €34,237
- Taxes -€11,728
down €11,728 (-32.2%), from €36,427 to €24,700
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 | €1,605,746 | €1,770,832 | +€165,086 | +10.3% |
| Fixed assets | 21/28 | €142,550 | €198,775 | +€56,225 | +39.4% |
| Tangible fixed assets | 22/27 | €142,550 | €198,775 | +€56,225 | +39.4% |
| Land and buildings | 22 | €77,248 | €73,530 | -€3,718 | -4.8% |
| Plant, machinery and equipment | 23 | €4,943 | €3,314 | -€1,629 | -33.0% |
| Furniture and vehicles | 24 | €19,276 | €23,071 | +€3,795 | +19.7% |
| Leasing and similar rights | 25 | €41,083 | €98,860 | +€57,778 | +140.6% |
| Current assets | 29/58 | €1,463,196 | €1,572,057 | +€108,861 | +7.4% |
| Stocks and contracts in progress | 3 | €95,270 | €121,555 | +€26,285 | +27.6% |
| Stocks | 30/36 | €95,270 | €121,555 | +€26,285 | +27.6% |
| Amounts receivable within one year | 40/41 | €176,827 | €228,259 | +€51,431 | +29.1% |
| Trade receivables | 40 | €173,482 | €228,192 | +€54,710 | +31.5% |
| Other amounts receivable | 41 | €3,345 | €67 | -€3,278 | -98.0% |
| Current investments | 50/53 | €425,637 | €427,237 | +€1,600 | +0.4% |
| Cash at bank and in hand | 54/58 | €763,185 | €795,008 | +€31,823 | +4.2% |
| Deferred charges and accrued income | 490/1 | €2,277 | €0 | -€2,277 | -100.0% |
| Total equity and liabilities | 10/49 | €1,605,746 | €1,770,832 | +€165,086 | +10.3% |
| Equity | 10/15 | €1,133,912 | €1,186,241 | +€52,329 | +4.6% |
| Contributions | 10/11 | €510,947 | €510,947 | = | 0.0% |
| Capital | 10 | €510,947 | €510,947 | = | 0.0% |
| Issued capital | 100 | €510,947 | €510,947 | = | 0.0% |
| Reserves | 13 | €51,095 | €51,095 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,095 | €51,095 | = | 0.0% |
| Legal reserve | 130 | €51,095 | €51,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | €571,870 | €624,199 | +€52,329 | +9.2% |
| Amounts payable | 17/49 | €471,835 | €584,592 | +€112,757 | +23.9% |
| Amounts payable after more than one year | 17 | €23,659 | €64,120 | +€40,461 | +171.0% |
| Financial debts | 170/4 | €23,659 | €64,120 | +€40,461 | +171.0% |
| Amounts payable within one year | 42/48 | €448,176 | €520,360 | +€72,184 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €17,995 | €31,177 | +€13,182 | +73.2% |
| Trade debts | 44 | €35,161 | €49,171 | +€14,010 | +39.8% |
| Suppliers | 440/4 | €35,161 | €49,171 | +€14,010 | +39.8% |
| Taxes, remuneration and social security | 45 | €141,575 | €166,485 | +€24,910 | +17.6% |
| Taxes | 450/3 | €53,890 | €82,270 | +€28,380 | +52.7% |
| Remuneration and social security | 454/9 | €87,685 | €84,215 | -€3,470 | -4.0% |
| Other amounts payable | 47/48 | €253,444 | €273,526 | +€20,082 | +7.9% |
| Accrued charges and deferred income | 492/3 | - | €112 | +€112 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €568,195 | €567,585 | -€610 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,307 | €34,237 | +€11,930 | +53.5% |
| Other operating charges | 640/8 | €19,401 | €16,737 | -€2,664 | -13.7% |
| Non-recurring operating charges | 66A | €1,162 | €0 | -€1,162 | -100.0% |
| Gross operating margin | 9900 | €727,923 | €696,061 | -€31,862 | -4.4% |
| Operating profit (loss) | 9901 | €116,858 | €77,502 | -€39,356 | -33.7% |
| Financial income | 75/76B | €4,188 | €1,579 | -€2,609 | -62.3% |
| Recurring financial income | 75 | €4,188 | €1,579 | -€2,609 | -62.3% |
| Financial charges | 65/66B | €3,315 | €2,053 | -€1,262 | -38.1% |
| Recurring financial charges | 65 | €3,315 | €2,053 | -€1,262 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €117,731 | €77,029 | -€40,702 | -34.6% |
| Income taxes | 67/77 | €36,427 | €24,700 | -€11,728 | -32.2% |
| Profit (loss) for the period | 9904 | €81,304 | €52,329 | -€28,975 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,304 | €52,329 | -€28,975 | -35.6% |
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 2 October 2026 via checked.be.