POWER VALVES & CONTROLS: 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 VALVES & CONTROLS
Largest movements
- Receivables within one year -€184,483
down €184,483 (-62.7%), from €294,221 to €109,738
of which Trade receivables: -€181,889
- Current investments +€126,695
up €126,695 (+79.1%), from €160,134 to €286,829
- Cash +€76,426
up €76,426 (+56.6%), from €134,982 to €211,408
mainly Net result for the year (+€220,171) and Receivables within one year (+€184,483)
- Tangible fixed assets -€31,153
down €31,153 (-32.1%), from €97,114 to €65,961
of which Furniture and vehicles: -€36,541
- Stocks and contracts -€8,181
down €8,181 (-39.1%), from €20,947 to €12,766
- Accrued charges and deferred income -€229,008
no longer reported in 2025 (was €229,008)
- Reserves +€213,216
up €213,216 (+72.8%), from €292,772 to €505,988
of which Distributable reserves: +€129,016
- Trade debts +€16,122
up €16,122 (+14.1%), from €114,526 to €130,648
- Debts after one year -€12,312
down €12,312 (-50.3%), from €24,478 to €12,166
- Other debts -€9,777
down €9,777 (-55.0%), from €17,773 to €7,996
- Gross operating margin +€172,116
up €172,116 (+61.6%), from €279,339 to €451,455
- Staff costs +€47,325
up €47,325 (+92.9%), from €50,957 to €98,282
- Taxes +€40,634
up €40,634 (+78.9%), from €51,473 to €92,107
- Other operating charges -€24,180
down €24,180 (-91.3%), from €26,490 to €2,310
- Financial income +€13,408
up €13,408 (+633%), from €2,118 to €15,526
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 | €708,711 | €692,819 | -€15,892 | -2.2% |
| Fixed assets | 21/28 | €97,114 | €66,009 | -€31,105 | -32.0% |
| Tangible fixed assets | 22/27 | €97,114 | €65,961 | -€31,153 | -32.1% |
| Plant, machinery and equipment | 23 | €6,211 | €11,755 | +€5,544 | +89.3% |
| Furniture and vehicles | 24 | €87,066 | €50,525 | -€36,541 | -42.0% |
| Other tangible fixed assets | 26 | €3,837 | €3,681 | -€156 | -4.1% |
| Financial fixed assets | 28 | - | €48 | +€48 | |
| Current assets | 29/58 | €611,597 | €626,810 | +€15,213 | +2.5% |
| Stocks and contracts in progress | 3 | €20,947 | €12,766 | -€8,181 | -39.1% |
| Stocks | 30/36 | €20,947 | €12,766 | -€8,181 | -39.1% |
| Amounts receivable within one year | 40/41 | €294,221 | €109,738 | -€184,483 | -62.7% |
| Trade receivables | 40 | €290,066 | €108,177 | -€181,889 | -62.7% |
| Other amounts receivable | 41 | €4,155 | €1,561 | -€2,594 | -62.4% |
| Current investments | 50/53 | €160,134 | €286,829 | +€126,695 | +79.1% |
| Cash at bank and in hand | 54/58 | €134,982 | €211,408 | +€76,426 | +56.6% |
| Deferred charges and accrued income | 490/1 | €1,313 | €6,069 | +€4,756 | +362% |
| Total equity and liabilities | 10/49 | €708,711 | €692,819 | -€15,892 | -2.2% |
| Equity | 10/15 | €292,772 | €505,988 | +€213,216 | +72.8% |
| Reserves | 13 | €292,772 | €505,988 | +€213,216 | +72.8% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €292,772 | €421,788 | +€129,016 | +44.1% |
| Amounts payable | 17/49 | €415,939 | €186,831 | -€229,108 | -55.1% |
| Amounts payable after more than one year | 17 | €24,478 | €12,166 | -€12,312 | -50.3% |
| Financial debts | 170/4 | €24,478 | €12,166 | -€12,312 | -50.3% |
| Amounts payable within one year | 42/48 | €162,453 | €174,665 | +€12,212 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €16,796 | €12,313 | -€4,483 | -26.7% |
| Financial debts | 43 | €20 | €2,910 | +€2,890 | +14,450% |
| Credit institutions | 430/8 | €20 | €2,910 | +€2,890 | +14,450% |
| Trade debts | 44 | €114,526 | €130,648 | +€16,122 | +14.1% |
| Suppliers | 440/4 | €114,526 | €130,648 | +€16,122 | +14.1% |
| Taxes, remuneration and social security | 45 | €13,338 | €20,798 | +€7,460 | +55.9% |
| Taxes | 450/3 | €9,079 | €14,467 | +€5,388 | +59.3% |
| Remuneration and social security | 454/9 | €4,259 | €6,331 | +€2,072 | +48.6% |
| Other amounts payable | 47/48 | €17,773 | €7,996 | -€9,777 | -55.0% |
| Accrued charges and deferred income | 492/3 | €229,008 | - | -€229,008 | |
| Non-recurring operating income | 76A | €6,653 | - | -€6,653 | |
| Remuneration, social security and pensions | 62 | €50,957 | €98,282 | +€47,325 | +92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,232 | €30,705 | +€1,473 | +5.0% |
| Other operating charges | 640/8 | €26,490 | €2,310 | -€24,180 | -91.3% |
| Non-recurring operating charges | 66A | €4,756 | €8,270 | +€3,514 | +73.9% |
| Gross operating margin | 9900 | €279,339 | €451,455 | +€172,116 | +61.6% |
| Operating profit (loss) | 9901 | €167,904 | €311,888 | +€143,984 | +85.8% |
| Financial income | 75/76B | €2,118 | €15,526 | +€13,408 | +633% |
| Recurring financial income | 75 | €2,118 | €15,526 | +€13,408 | +633% |
| Financial charges | 65/66B | €15,368 | €15,136 | -€232 | -1.5% |
| Recurring financial charges | 65 | €15,368 | €15,136 | -€232 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €154,654 | €312,278 | +€157,624 | +102% |
| Income taxes | 67/77 | €51,473 | €92,107 | +€40,634 | +78.9% |
| Profit (loss) for the period | 9904 | €103,181 | €220,171 | +€116,990 | +113% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,181 | €135,971 | +€32,790 | +31.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.