POWER - LINE: 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 - LINE
Largest movements
- Tangible fixed assets -€32,158
down €32,158 (-14.5%), from €222,318 to €190,160
of which Land and buildings: -€20,000
- Receivables within one year -€12,793
down €12,793 (-12.4%), from €102,948 to €90,155
of which Trade receivables: -€9,286
- Cash +€12,012
up €12,012 (+19.3%), from €62,314 to €74,326
mainly Depreciation (+€35,272) and Net result for the year (+€19,218)
- Trade debts -€21,363
down €21,363 (-35.5%), from €60,219 to €38,856
- Accrued charges and deferred income -€7,363
down €7,363 (-87.1%), from €8,456 to €1,094
- Reserves -€5,828
down €5,828 (-1.9%), from €310,824 to €304,997
of which Distributable reserves: -€5,828
- Gross operating margin -€35,856
down €35,856 (-35.7%), from €100,408 to €64,552
- Taxes -€12,919
down €12,919 (-62.9%), from €20,534 to €7,615
- Depreciation +€8,394
up €8,394 (+31.2%), from €26,877 to €35,272
- Staff costs -€5,556
no longer reported in 2025 (was €5,556)
- Financial charges -€1,553
down €1,553 (-77.5%), from €2,004 to €451
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 | €398,055 | €363,090 | -€34,965 | -8.8% |
| Fixed assets | 21/28 | €222,318 | €190,160 | -€32,158 | -14.5% |
| Tangible fixed assets | 22/27 | €222,318 | €190,160 | -€32,158 | -14.5% |
| Land and buildings | 22 | €150,000 | €130,000 | -€20,000 | -13.3% |
| Plant, machinery and equipment | 23 | €6,937 | €4,890 | -€2,046 | -29.5% |
| Furniture and vehicles | 24 | €58,560 | €49,250 | -€9,310 | -15.9% |
| Other tangible fixed assets | 26 | €6,822 | €6,019 | -€802 | -11.8% |
| Current assets | 29/58 | €175,737 | €172,930 | -€2,807 | -1.6% |
| Stocks and contracts in progress | 3 | €4,215 | €4,050 | -€165 | -3.9% |
| Stocks | 30/36 | €4,215 | €4,050 | -€165 | -3.9% |
| Amounts receivable within one year | 40/41 | €102,948 | €90,155 | -€12,793 | -12.4% |
| Trade receivables | 40 | €73,107 | €63,821 | -€9,286 | -12.7% |
| Other amounts receivable | 41 | €29,841 | €26,334 | -€3,508 | -11.8% |
| Cash at bank and in hand | 54/58 | €62,314 | €74,326 | +€12,012 | +19.3% |
| Deferred charges and accrued income | 490/1 | €6,260 | €4,399 | -€1,861 | -29.7% |
| Total equity and liabilities | 10/49 | €398,055 | €363,090 | -€34,965 | -8.8% |
| Equity | 10/15 | €318,884 | €313,057 | -€5,828 | -1.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €310,824 | €304,997 | -€5,828 | -1.9% |
| Tax-exempt reserves | 132 | €89,746 | €89,746 | = | 0.0% |
| Distributable reserves | 133 | €221,078 | €215,250 | -€5,828 | -2.6% |
| Amounts payable | 17/49 | €79,171 | €50,033 | -€29,137 | -36.8% |
| Amounts payable within one year | 42/48 | €70,714 | €48,940 | -€21,775 | -30.8% |
| Trade debts | 44 | €60,219 | €38,856 | -€21,363 | -35.5% |
| Suppliers | 440/4 | €60,219 | €38,856 | -€21,363 | -35.5% |
| Taxes, remuneration and social security | 45 | €410 | €206 | -€205 | -49.9% |
| Taxes | 450/3 | €410 | €206 | -€205 | -49.9% |
| Other amounts payable | 47/48 | €10,085 | €9,878 | -€207 | -2.1% |
| Accrued charges and deferred income | 492/3 | €8,456 | €1,094 | -€7,363 | -87.1% |
| Non-recurring operating income | 76A | €16 | €6,200 | +€6,184 | +38,457% |
| Remuneration, social security and pensions | 62 | €5,556 | - | -€5,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,877 | €35,272 | +€8,394 | +31.2% |
| Other operating charges | 640/8 | €2,672 | €2,676 | +€4 | +0.2% |
| Gross operating margin | 9900 | €100,408 | €64,552 | -€35,856 | -35.7% |
| Operating profit (loss) | 9901 | €65,303 | €26,604 | -€38,699 | -59.3% |
| Financial income | 75/76B | €1,383 | €679 | -€703 | -50.9% |
| Recurring financial income | 75 | €1,383 | €679 | -€703 | -50.9% |
| Financial charges | 65/66B | €2,004 | €451 | -€1,553 | -77.5% |
| Recurring financial charges | 65 | €2,004 | €451 | -€1,553 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €64,682 | €26,832 | -€37,849 | -58.5% |
| Income taxes | 67/77 | €20,534 | €7,615 | -€12,919 | -62.9% |
| Profit (loss) for the period | 9904 | €44,148 | €19,218 | -€24,930 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,148 | €19,218 | -€24,930 | -56.5% |
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 18 October 2026 via checked.be.