POWER PLAY: 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 PLAY
Largest movements
- Cash -€2,489
down €2,489 (-32.2%), from €7,726 to €5,237
mainly Tax, wage and social debts (-€2,031) and Net result for the year (-€891)
- Formation expenses -€408
down €408 (-58.9%), from €692 to €284
- Receivables within one year +€135
up €135 (+3.5%), from €3,800 to €3,935
of which Trade receivables: +€135
- Tax, wage and social debts -€2,031
down €2,031 (-71.7%), from €2,833 to €802
- Profit (loss) carried forward -€891
down €891 (-13.3%), from €6,685 to €5,794
- Trade debts +€160
up €160 (+80.0%), from €200 to €360
- Gross operating margin -€8,992
down €8,992 (-96.9%), from €9,277 to €284
- Taxes -€1,682
down €1,682 (-83.9%), from €2,005 to €323
- Other operating charges +€400
new in 2025: €400
- Depreciation -€124
down €124 (-23.3%), from €532 to €408
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 | €12,218 | €9,456 | -€2,762 | -22.6% |
| Formation expenses | 20 | €692 | €284 | -€408 | -58.9% |
| Current assets | 29/58 | €11,526 | €9,172 | -€2,354 | -20.4% |
| Amounts receivable within one year | 40/41 | €3,800 | €3,935 | +€135 | +3.5% |
| Trade receivables | 40 | €2,690 | €2,825 | +€135 | +5.0% |
| Other amounts receivable | 41 | €1,110 | €1,110 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,726 | €5,237 | -€2,489 | -32.2% |
| Total equity and liabilities | 10/49 | €12,218 | €9,456 | -€2,762 | -22.6% |
| Equity | 10/15 | €9,185 | €8,294 | -€891 | -9.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,685 | €5,794 | -€891 | -13.3% |
| Amounts payable | 17/49 | €3,033 | €1,162 | -€1,871 | -61.7% |
| Amounts payable within one year | 42/48 | €3,033 | €1,162 | -€1,871 | -61.7% |
| Trade debts | 44 | €200 | €360 | +€160 | +80.0% |
| Suppliers | 440/4 | €200 | €360 | +€160 | +80.0% |
| Taxes, remuneration and social security | 45 | €2,833 | €802 | -€2,031 | -71.7% |
| Taxes | 450/3 | €2,833 | €802 | -€2,031 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €408 | -€124 | -23.3% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €9,277 | €284 | -€8,992 | -96.9% |
| Operating profit (loss) | 9901 | €8,745 | -€523 | -€9,268 | |
| Financial charges | 65/66B | €55 | €45 | -€10 | -18.2% |
| Recurring financial charges | 65 | €55 | €45 | -€10 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €8,690 | -€568 | -€9,258 | |
| Income taxes | 67/77 | €2,005 | €323 | -€1,682 | -83.9% |
| Profit (loss) for the period | 9904 | €6,685 | -€891 | -€7,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,685 | -€891 | -€7,576 |
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 8 October 2026 via checked.be.