POWER2B: 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.
POWER2B
Largest movements
- Deferred charges and accrued income +€970,596
up €970,596 (+423.1%), from €229,404 to €1.2m
- Tangible fixed assets +€183,300
up €183,300 (+75.2%), from €243,728 to €427,027
of which Furniture and vehicles: +€196,585
- Receivables within one year -€64,327
down €64,327 (-18.3%), from €350,563 to €286,236
of which Trade receivables: -€114,193
- Cash +€58,664
up €58,664 (+10.2%), from €577,587 to €636,251
mainly Advances received (+€733,333) and Net result for the year (+€569,828)
- Advances received +€733,333
new in 2025: €733,333
- Reserves +€449,828
up €449,828 (+41.8%), from €1.1m to €1.5m
of which Distributable reserves: +€449,828
- Current portion of long-term debt +€109,341
up €109,341 (+244.4%), from €44,740 to €154,081
- Trade debts -€64,047
down €64,047 (-96.3%), from €66,494 to €2,447
- Accrued charges and deferred income -€43,832
down €43,832 (-73.7%), from €59,451 to €15,619
- Gross operating margin +€634,923
up €634,923 (+133.2%), from €476,567 to €1.1m
- Taxes +€203,807
up €203,807 (+351.6%), from €57,974 to €261,781
- Staff costs -€82,472
down €82,472 (-37.0%), from €222,868 to €140,396
- Depreciation +€51,937
up €51,937 (+75.0%), from €69,220 to €121,156
- Other operating charges +€11,259
up €11,259 (+471.2%), from €2,390 to €13,649
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 | €1,401,281 | €2,549,514 | +€1.1m | +81.9% |
| Fixed assets | 21/28 | €243,728 | €427,027 | +€183,300 | +75.2% |
| Tangible fixed assets | 22/27 | €243,728 | €427,027 | +€183,300 | +75.2% |
| Plant, machinery and equipment | 23 | €78,014 | €64,729 | -€13,285 | -17.0% |
| Furniture and vehicles | 24 | €165,714 | €362,299 | +€196,585 | +118.6% |
| Current assets | 29/58 | €1,157,554 | €2,122,487 | +€964,933 | +83.4% |
| Amounts receivable within one year | 40/41 | €350,563 | €286,236 | -€64,327 | -18.3% |
| Trade receivables | 40 | €118,675 | €4,482 | -€114,193 | -96.2% |
| Other amounts receivable | 41 | €231,888 | €281,754 | +€49,866 | +21.5% |
| Cash at bank and in hand | 54/58 | €577,587 | €636,251 | +€58,664 | +10.2% |
| Deferred charges and accrued income | 490/1 | €229,404 | €1,200,000 | +€970,596 | +423.1% |
| Total equity and liabilities | 10/49 | €1,401,281 | €2,549,514 | +€1.1m | +81.9% |
| Equity | 10/15 | €1,087,955 | €1,537,783 | +€449,828 | +41.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,075,555 | €1,525,383 | +€449,828 | +41.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,073,695 | €1,523,523 | +€449,828 | +41.9% |
| Amounts payable | 17/49 | €313,326 | €1,011,731 | +€698,405 | +222.9% |
| Amounts payable after more than one year | 17 | €92,242 | €70,352 | -€21,890 | -23.7% |
| Financial debts | 170/4 | €92,242 | €70,352 | -€21,890 | -23.7% |
| Amounts payable within one year | 42/48 | €161,633 | €925,759 | +€764,126 | +472.8% |
| Current portion of amounts payable after more than one year | 42 | €44,740 | €154,081 | +€109,341 | +244.4% |
| Trade debts | 44 | €66,494 | €2,447 | -€64,047 | -96.3% |
| Suppliers | 440/4 | €66,494 | €2,447 | -€64,047 | -96.3% |
| Advances received on contracts in progress | 46 | - | €733,333 | +€733,333 | |
| Taxes, remuneration and social security | 45 | €50,399 | €35,898 | -€14,501 | -28.8% |
| Taxes | 450/3 | €7,540 | €27,780 | +€20,240 | +268.4% |
| Remuneration and social security | 454/9 | €42,859 | €8,118 | -€34,741 | -81.1% |
| Accrued charges and deferred income | 492/3 | €59,451 | €15,619 | -€43,832 | -73.7% |
| Remuneration, social security and pensions | 62 | €222,868 | €140,396 | -€82,472 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,220 | €121,156 | +€51,937 | +75.0% |
| Other operating charges | 640/8 | €2,390 | €13,649 | +€11,259 | +471.2% |
| Gross operating margin | 9900 | €476,567 | €1,111,489 | +€634,923 | +133.2% |
| Operating profit (loss) | 9901 | €182,089 | €836,288 | +€654,199 | +359.3% |
| Financial income | 75/76B | €5,585 | €3,366 | -€2,219 | -39.7% |
| Recurring financial income | 75 | €5,585 | €3,366 | -€2,219 | -39.7% |
| Financial charges | 65/66B | €4,092 | €8,045 | +€3,953 | +96.6% |
| Recurring financial charges | 65 | €4,092 | €8,045 | +€3,953 | +96.6% |
| Profit (loss) for the period before taxes | 9903 | €183,583 | €831,609 | +€648,026 | +353.0% |
| Income taxes | 67/77 | €57,974 | €261,781 | +€203,807 | +351.6% |
| Profit (loss) for the period | 9904 | €125,609 | €569,828 | +€444,219 | +353.7% |
| Profit (loss) for the period to be appropriated | 9905 | €125,609 | €569,828 | +€444,219 | +353.7% |
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 12 October 2026 via checked.be.