Power Partners: 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 Partners
Largest movements
- Receivables within one year +€37,033
up €37,033 (+41.3%), from €89,576 to €126,609
of which Trade receivables: +€36,929
- Cash +€2,288
up €2,288 (+2.6%), from €87,970 to €90,258
mainly Trade debts (+€37,228) and Tax, wage and social debts (+€24,829)
- Financial fixed assets +€2,250
new in 2025: €2,250
- Trade debts +€37,228
up €37,228 (+29.5%), from €126,244 to €163,472
- Tax, wage and social debts +€24,829
up €24,829 (+93.9%), from €26,431 to €51,260
of which Taxes: +€12,581
- Other debts -€14,444
down €14,444 (-100%), from €14,444 to €0
- Current portion of long-term debt -€4,896
down €4,896 (-91.6%), from €5,345 to €448
- Reserves +€2,657
up €2,657 (+52.7%), from €5,046 to €7,703
- Staff costs +€51,464
up €51,464 (+117%), from €43,876 to €95,340
- Gross operating margin +€15,972
up €15,972 (+18.2%), from €87,881 to €103,853
- Depreciation -€6,680
down €6,680 (-93.4%), from €7,154 to €473
- Taxes +€2,034
up €2,034 (+116%), from €1,756 to €3,791
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 | €178,078 | €223,003 | +€44,925 | +25.2% |
| Fixed assets | 21/28 | €333 | €3,898 | +€3,565 | +1,070% |
| Tangible fixed assets | 22/27 | €333 | €1,648 | +€1,315 | +395% |
| Plant, machinery and equipment | 23 | - | €1,648 | +€1,648 | |
| Furniture and vehicles | 24 | €333 | €0 | -€333 | -100% |
| Financial fixed assets | 28 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €177,745 | €219,105 | +€41,360 | +23.3% |
| Amounts receivable within one year | 40/41 | €89,576 | €126,609 | +€37,033 | +41.3% |
| Trade receivables | 40 | €89,576 | €126,505 | +€36,929 | +41.2% |
| Other amounts receivable | 41 | - | €104 | +€104 | |
| Cash at bank and in hand | 54/58 | €87,970 | €90,258 | +€2,288 | +2.6% |
| Deferred charges and accrued income | 490/1 | €199 | €2,239 | +€2,040 | +1,025% |
| Total equity and liabilities | 10/49 | €178,078 | €223,003 | +€44,925 | +25.2% |
| Equity | 10/15 | €5,166 | €7,823 | +€2,657 | +51.4% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €5,046 | €7,703 | +€2,657 | +52.7% |
| Distributable reserves | 133 | €5,046 | €7,703 | +€2,657 | +52.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €172,912 | €215,180 | +€42,268 | +24.4% |
| Amounts payable after more than one year | 17 | €448 | €0 | -€448 | -100% |
| Financial debts | 170/4 | €448 | €0 | -€448 | -100% |
| Amounts payable within one year | 42/48 | €172,464 | €215,180 | +€42,716 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €5,345 | €448 | -€4,896 | -91.6% |
| Trade debts | 44 | €126,244 | €163,472 | +€37,228 | +29.5% |
| Suppliers | 440/4 | €126,244 | €163,472 | +€37,228 | +29.5% |
| Taxes, remuneration and social security | 45 | €26,431 | €51,260 | +€24,829 | +93.9% |
| Taxes | 450/3 | €26,431 | €39,012 | +€12,581 | +47.6% |
| Remuneration and social security | 454/9 | - | €12,248 | +€12,248 | |
| Other amounts payable | 47/48 | €14,444 | €0 | -€14,444 | -100% |
| Remuneration, social security and pensions | 62 | €43,876 | €95,340 | +€51,464 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,154 | €473 | -€6,680 | -93.4% |
| Other operating charges | 640/8 | €905 | €923 | +€19 | +2.1% |
| Gross operating margin | 9900 | €87,881 | €103,853 | +€15,972 | +18.2% |
| Operating profit (loss) | 9901 | €35,947 | €7,117 | -€28,830 | -80.2% |
| Financial income | 75/76B | €0 | €8 | +€8 | |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Financial charges | 65/66B | €620 | €677 | +€58 | +9.3% |
| Recurring financial charges | 65 | €620 | €677 | +€58 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €35,328 | €6,448 | -€28,880 | -81.7% |
| Income taxes | 67/77 | €1,756 | €3,791 | +€2,034 | +116% |
| Profit (loss) for the period | 9904 | €33,571 | €2,657 | -€30,914 | -92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,571 | €2,657 | -€30,914 | -92.1% |
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 20 October 2026 via checked.be.