POWER ROWER: 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 ROWER
Largest movements
- Tangible fixed assets -€4,121
down €4,121 (-1.8%), from €229,180 to €225,059
of which Land and buildings: -€2,121
- Cash +€2,544
up €2,544 (+195.6%), from €1,301 to €3,844
mainly Depreciation (+€8,840) and Other debts (+€3,013)
- Debts after one year -€7,645
down €7,645 (-3.9%), from €194,491 to €186,846
of which Financial debts: -€7,645
- Other debts +€3,013
up €3,013 (+9.7%), from €31,067 to €34,080
- Gross operating margin +€3,986
up €3,986 (+28.1%), from €14,208 to €18,194
- Financial charges +€1,025
up €1,025 (+49.3%), from €2,079 to €3,104
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 | €232,077 | €229,160 | -€2,917 | -1.3% |
| Fixed assets | 21/28 | €229,180 | €225,059 | -€4,121 | -1.8% |
| Tangible fixed assets | 22/27 | €229,180 | €225,059 | -€4,121 | -1.8% |
| Land and buildings | 22 | €226,018 | €223,897 | -€2,121 | -0.9% |
| Furniture and vehicles | 24 | €3,162 | €1,162 | -€2,000 | -63.2% |
| Current assets | 29/58 | €2,898 | €4,101 | +€1,203 | +41.5% |
| Cash at bank and in hand | 54/58 | €1,301 | €3,844 | +€2,544 | +195.6% |
| Deferred charges and accrued income | 490/1 | €1,597 | €257 | -€1,340 | -83.9% |
| Total equity and liabilities | 10/49 | €232,077 | €229,160 | -€2,917 | -1.3% |
| Equity | 10/15 | -€1,709 | €527 | +€2,237 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,309 | -€18,073 | +€2,237 | +11.0% |
| Amounts payable | 17/49 | €233,786 | €228,633 | -€5,154 | -2.2% |
| Amounts payable after more than one year | 17 | €194,491 | €186,846 | -€7,645 | -3.9% |
| Financial debts | 170/4 | €60,491 | €52,846 | -€7,645 | -12.6% |
| Other amounts payable | 178/9 | €134,000 | €134,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,295 | €41,786 | +€2,491 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €7,438 | €7,645 | +€207 | +2.8% |
| Trade debts | 44 | €790 | €61 | -€729 | -92.3% |
| Suppliers | 440/4 | €790 | €61 | -€729 | -92.3% |
| Other amounts payable | 47/48 | €31,067 | €34,080 | +€3,013 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,712 | €8,840 | +€128 | +1.5% |
| Other operating charges | 640/8 | €3,878 | €4,014 | +€136 | +3.5% |
| Gross operating margin | 9900 | €14,208 | €18,194 | +€3,986 | +28.1% |
| Operating profit (loss) | 9901 | €1,618 | €5,340 | +€3,723 | +230.1% |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €2,079 | €3,104 | +€1,025 | +49.3% |
| Recurring financial charges | 65 | €2,079 | €3,104 | +€1,025 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | -€429 | €2,237 | +€2,665 | |
| Profit (loss) for the period | 9904 | -€429 | €2,237 | +€2,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€429 | €2,237 | +€2,665 |
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.