POWER SOLUTIONS: 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.
What changed
POWER SOLUTIONS
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · -€555,642+€3.6m
Equity
€16.0m
2024 · €12.9m+€3.1m
Cash
€6.2m
2024 · €4.3m+€1.9m
Balance sheet total
€36.5m
2024 · €33.5m+€3.0m
Largest movements
Assets
- Stocks and contracts -€6.9m
down €6.9m (-71.3%), from €9.7m to €2.8m
- Receivables within one year +€5.9m
up €5.9m (+56.7%), from €10.4m to €16.3m
of which Other amounts receivable: +€5.5m
- Deferred charges and accrued income +€2.1m
up €2.1m (+413%), from €505,875 to €2.6m
- Cash +€1.9m
up €1.9m (+44.9%), from €4.3m to €6.2m
mainly Stocks and contracts (+€6.9m) and Trade debts (+€4.5m)
Equity and liabilities
- Short-term financial debts -€6.3m
down €6.3m (-72.0%), from €8.8m to €2.5m
- Trade debts +€4.5m
up €4.5m (+70.5%), from €6.4m to €10.9m
- Reserves +€3.1m
up €3.1m (+126%), from €2.4m to €5.5m
of which Distributable reserves: +€2.9m
- Tax, wage and social debts +€1.4m
up €1.4m (+217%), from €623,535 to €2.0m
of which Taxes: +€1.4m
- Accrued charges and deferred income +€1.2m
up €1.2m (+163%), from €723,825 to €1.9m
Income statement
- Turnover +€14.3m
up €14.3m (+36.4%), from €39.2m to €53.4m
- Goods and materials +€7.7m
up €7.7m (+27.3%), from €28.1m to €35.8m
of which Purchases: +€7.0m
- Services and other goods +€1.9m
up €1.9m (+34.7%), from €5.4m to €7.3m
- Financial income +€1.1m
up €1.1m (+4,050%), from €26,095 to €1.1m
- Financial charges +€656,901
up €656,901 (+23.2%), from €2.8m to €3.5m
of which Financial charges: +€466,570
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.
Result 2024
-€555,642
Turnover
+€14.3m
Other operating income
-€496,420
Goods and materials
-€7.7m
Services and other goods
-€1.9m
Staff costs
-€368,248
Depreciation
-€10,739
Write-downs
+€45,212
Provisions
-€137,031
Other operating charges
-€182,931
Other operating items
+€108,280
Financial income
+€1.1m
Financial charges
-€656,901
Taxes
-€443,420
Result 2025
€3.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€9.7m
Investment
-€835,195
Financing
-€6.9m
Cash 2024
€4.3m
From operations (derived)
+€9.7m
Net result for the year
+€3.1m
Depreciation
+€852,780
Stocks and contracts
+€6.9m
Receivables within one year
-€5.9m
Deferred charges and accrued income
-€2.1m
Provisions
-€143,219
Trade debts
+€4.5m
Tax, wage and social debts
+€1.4m
Other debts
-€34,530
Accrued charges and deferred income
+€1.2m
Investment (derived)
-€835,195
Investment in fixed assets (net)
-€835,195
Financing
-€6.9m
Debts after one year
-€506,068
Current portion of long-term debt
-€104,791
Short-term financial debts
-€6.3m
Cash 2025
€6.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,466,188 | €36,484,597 | +€3.0m | +9.0% |
| Fixed assets | 21/28 | €8,599,523 | €8,581,939 | -€17,584 | -0.2% |
| Intangible fixed assets | 21 | - | €110,450 | +€110,450 | |
| Tangible fixed assets | 22/27 | €3,451,932 | €3,325,548 | -€126,384 | -3.7% |
| Plant, machinery and equipment | 23 | €3,384,130 | €3,260,378 | -€123,752 | -3.7% |
| Furniture and vehicles | 24 | €67,803 | €54,239 | -€13,563 | -20.0% |
| Other tangible fixed assets | 26 | - | €10,931 | +€10,931 | |
| Financial fixed assets | 28 | €5,147,591 | €5,145,941 | -€1,650 | 0.0% |
| Affiliated companies | 280/1 | €5,138,702 | €5,138,702 | = | 0.0% |
| Participating interests | 280 | €5,138,702 | €5,138,702 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,889 | €7,239 | -€1,650 | -18.6% |
| Amounts receivable and cash guarantees | 285/8 | €8,889 | €7,239 | -€1,650 | -18.6% |
| Current assets | 29/58 | €24,866,665 | €27,902,658 | +€3.0m | +12.2% |
| Stocks and contracts in progress | 3 | €9,653,532 | €2,768,667 | -€6.9m | -71.3% |
| Stocks | 30/36 | €9,653,532 | €2,768,667 | -€6.9m | -71.3% |
| Raw materials and consumables | 30/31 | €1,897,694 | €1,721,492 | -€176,202 | -9.3% |
| Goods purchased for resale | 34 | €1,187,635 | €1,047,174 | -€140,461 | -11.8% |
| Advance payments | 36 | €6,568,203 | - | -€6.6m | |
| Amounts receivable within one year | 40/41 | €10,416,124 | €16,321,739 | +€5.9m | +56.7% |
| Trade receivables | 40 | €9,796,633 | €10,176,492 | +€379,859 | +3.9% |
| Other amounts receivable | 41 | €619,491 | €6,145,247 | +€5.5m | +892% |
| Cash at bank and in hand | 54/58 | €4,291,134 | €6,217,416 | +€1.9m | +44.9% |
| Deferred charges and accrued income | 490/1 | €505,875 | €2,594,837 | +€2.1m | +413% |
| Total equity and liabilities | 10/49 | €33,466,188 | €36,484,597 | +€3.0m | +9.0% |
| Equity | 10/15 | €12,921,333 | €15,974,911 | +€3.1m | +23.6% |
| Contributions | 10/11 | €10,500,000 | €10,500,000 | = | 0.0% |
| Capital | 10 | €10,500,000 | €10,500,000 | = | 0.0% |
| Issued capital | 100 | €10,500,000 | €10,500,000 | = | 0.0% |
| Reserves | 13 | €2,421,333 | €5,474,911 | +€3.1m | +126% |
| Non-distributable reserves | 130/1 | €910,000 | €1,050,000 | +€140,000 | +15.4% |
| Legal reserve | 130 | €910,000 | €1,050,000 | +€140,000 | +15.4% |
| Distributable reserves | 133 | €1,511,333 | €4,424,911 | +€2.9m | +193% |
| Provisions and deferred taxes | 16 | €242,464 | €99,245 | -€143,219 | -59.1% |
| Provisions for liabilities and charges | 160/5 | €242,464 | €99,245 | -€143,219 | -59.1% |
| Pensions and similar obligations | 160 | €103,938 | €99,245 | -€4,693 | -4.5% |
| Other liabilities and charges | 164/5 | €138,526 | - | -€138,526 | |
| Amounts payable | 17/49 | €20,302,391 | €20,410,441 | +€108,051 | +0.5% |
| Amounts payable after more than one year | 17 | €3,107,891 | €2,601,823 | -€506,068 | -16.3% |
| Financial debts | 170/4 | €3,107,891 | €2,601,823 | -€506,068 | -16.3% |
| Subordinated loans | 170 | €2,000,000 | €2,000,000 | = | 0.0% |
| Other loans | 174 | €1,107,891 | €601,823 | -€506,068 | -45.7% |
| Amounts payable within one year | 42/48 | €16,470,675 | €15,904,163 | -€566,512 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €610,859 | €506,068 | -€104,791 | -17.2% |
| Financial debts | 43 | €8,763,608 | €2,456,631 | -€6.3m | -72.0% |
| Credit institutions | 430/8 | €8,763,608 | €2,456,631 | -€6.3m | -72.0% |
| Trade debts | 44 | €6,415,528 | €10,940,586 | +€4.5m | +70.5% |
| Suppliers | 440/4 | €6,415,528 | €10,940,586 | +€4.5m | +70.5% |
| Taxes, remuneration and social security | 45 | €623,535 | €1,978,262 | +€1.4m | +217% |
| Taxes | 450/3 | €320,526 | €1,694,725 | +€1.4m | +429% |
| Remuneration and social security | 454/9 | €303,010 | €283,538 | -€19,472 | -6.4% |
| Other amounts payable | 47/48 | €57,145 | €22,615 | -€34,530 | -60.4% |
| Accrued charges and deferred income | 492/3 | €723,825 | €1,904,455 | +€1.2m | +163% |
| Operating income | 70/76A | €40,422,519 | €53,778,159 | +€13.4m | +33.0% |
| Turnover | 70 | €39,182,136 | €53,436,519 | +€14.3m | +36.4% |
| Other operating income | 74 | €800,639 | €304,218 | -€496,420 | -62.0% |
| Non-recurring operating income | 76A | €439,744 | €37,422 | -€402,323 | -91.5% |
| Operating charges | 60/66A | €38,034,653 | €47,737,569 | +€9.7m | +25.5% |
| Goods for resale, raw materials and consumables | 60 | €28,125,757 | €35,801,184 | +€7.7m | +27.3% |
| Purchases | 600/8 | €28,458,255 | €35,484,522 | +€7.0m | +24.7% |
| Change in stocks: decrease (increase) | 609 | -€332,498 | €316,663 | +€649,161 | |
| Services and other goods | 61 | €5,426,494 | €7,310,849 | +€1.9m | +34.7% |
| Remuneration, social security and pensions | 62 | €2,884,708 | €3,252,956 | +€368,248 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842,041 | €852,780 | +€10,739 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,535 | -€35,677 | -€45,212 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€280,250 | -€143,219 | +€137,031 | +48.9% |
| Other operating charges | 640/8 | €15,766 | €198,697 | +€182,931 | +1,160% |
| Non-recurring operating charges | 66A | €1,010,602 | €500,000 | -€510,602 | -50.5% |
| Operating profit (loss) | 9901 | €2,387,866 | €6,040,590 | +€3.7m | +153% |
| Financial income | 75/76B | €26,095 | €1,082,912 | +€1.1m | +4,050% |
| Recurring financial income | 75 | €26,095 | €1,082,912 | +€1.1m | +4,050% |
| Income from financial fixed assets | 750 | €22,336 | €1,000,000 | +€977,664 | +4,377% |
| Income from current assets | 751 | €430 | €13,498 | +€13,067 | +3,036% |
| Other financial income | 752/9 | €3,328 | €69,414 | +€66,085 | +1,985% |
| Financial charges | 65/66B | €2,830,464 | €3,487,364 | +€656,901 | +23.2% |
| Recurring financial charges | 65 | €876,984 | €1,343,554 | +€466,570 | +53.2% |
| Debt charges | 650 | €747,125 | €974,096 | +€226,971 | +30.4% |
| Other financial charges | 652/9 | €129,859 | €369,458 | +€239,599 | +185% |
| Non-recurring financial charges | 66B | €1,953,480 | €2,143,810 | +€190,331 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | -€416,503 | €3,636,137 | +€4.1m | |
| Income taxes | 67/77 | €139,140 | €582,560 | +€443,420 | +319% |
| Taxes | 670/3 | €139,140 | €606,287 | +€467,147 | +336% |
| Tax adjustments and reversals of tax provisions | 77 | - | €23,727 | +€23,727 | |
| Profit (loss) for the period | 9904 | -€555,642 | €3,053,578 | +€3.6m | |
| Transfer from tax-exempt reserves | 789 | €762,568 | - | -€762,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €206,926 | €3,053,578 | +€2.8m | +1,376% |
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 13 October 2026 via checked.be.