POWER SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€21,231
up €21,231 (+63.8%), from €33,255 to €54,485
of which Other amounts receivable: +€21,669
- Cash +€2,755
up €2,755 (+26.2%), from €10,503 to €13,258
mainly Net result for the year (+€50,296) and Tax, wage and social debts (+€2,530)
- Profit (loss) carried forward +€50,296
up €50,296 (+3833.7%), from €1,312 to €51,608
- Trade debts -€26,525
down €26,525 (-94.5%), from €28,081 to €1,556
- Tax, wage and social debts +€2,530
up €2,530 (+21.0%), from €12,021 to €14,551
of which Taxes: +€1,480
- Short-term financial debts -€1,933
no longer reported in 2025 (was €1,933)
- Gross operating margin +€97,099
up €97,099, from -€23,559 to €73,539
- Taxes +€10,326
new in 2025: €10,326
- Write-downs +€9,366
new in 2025: €9,366
- Financial charges +€4,248
up €4,248 (+2403.8%), from €177 to €4,425
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 | €44,347 | €68,715 | +€24,368 | +54.9% |
| Fixed assets | 21/28 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €43,947 | €68,315 | +€24,368 | +55.4% |
| Amounts receivable within one year | 40/41 | €33,255 | €54,485 | +€21,231 | +63.8% |
| Trade receivables | 40 | €26,039 | €25,600 | -€439 | -1.7% |
| Other amounts receivable | 41 | €7,216 | €28,886 | +€21,669 | +300.3% |
| Cash at bank and in hand | 54/58 | €10,503 | €13,258 | +€2,755 | +26.2% |
| Deferred charges and accrued income | 490/1 | €189 | €571 | +€382 | +201.8% |
| Total equity and liabilities | 10/49 | €44,347 | €68,715 | +€24,368 | +54.9% |
| Equity | 10/15 | €2,312 | €52,608 | +€50,296 | +2175.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,312 | €51,608 | +€50,296 | +3833.7% |
| Amounts payable | 17/49 | €42,035 | €16,107 | -€25,928 | -61.7% |
| Amounts payable within one year | 42/48 | €42,035 | €16,107 | -€25,928 | -61.7% |
| Financial debts | 43 | €1,933 | - | -€1,933 | |
| Credit institutions | 430/8 | €1,933 | - | -€1,933 | |
| Trade debts | 44 | €28,081 | €1,556 | -€26,525 | -94.5% |
| Suppliers | 440/4 | €28,081 | €1,556 | -€26,525 | -94.5% |
| Taxes, remuneration and social security | 45 | €12,021 | €14,551 | +€2,530 | +21.0% |
| Taxes | 450/3 | €11,821 | €13,301 | +€1,480 | +12.5% |
| Remuneration and social security | 454/9 | €200 | €1,250 | +€1,050 | +525.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,366 | +€9,366 | |
| Other operating charges | 640/8 | €463 | - | -€463 | |
| Gross operating margin | 9900 | -€23,559 | €73,539 | +€97,099 | |
| Operating profit (loss) | 9901 | -€24,023 | €64,173 | +€88,196 | |
| Financial income | 75/76B | €577 | €874 | +€296 | +51.3% |
| Recurring financial income | 75 | €577 | €874 | +€296 | +51.3% |
| Financial charges | 65/66B | €177 | €4,425 | +€4,248 | +2403.8% |
| Recurring financial charges | 65 | €177 | €4,425 | +€4,248 | +2403.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,622 | €60,622 | +€84,244 | |
| Income taxes | 67/77 | - | €10,326 | +€10,326 | |
| Profit (loss) for the period | 9904 | -€23,622 | €50,296 | +€73,918 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,622 | €50,296 | +€73,918 |
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 5 October 2026 via checked.be.