Powerbee: 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.
Powerbee
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+412.5%), from €348,647 to €1.8m
of which Trade receivables: +€1.4m
- Cash +€709,785
up €709,785 (+199.4%), from €355,974 to €1.1m
mainly Advances received (+€1.1m) and Trade debts (+€996,632)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Stocks and contracts +€268,733
up €268,733 (+455.0%), from €59,064 to €327,797
of which Contracts in progress: +€310,187
- Deferred charges and accrued income -€49,076
down €49,076 (-82.6%), from €59,430 to €10,353
- Advances received +€1.1m
up €1.1m (+1697.8%), from €63,000 to €1.1m
- Trade debts +€996,632
up €996,632 (+162.8%), from €612,356 to €1.6m
- Debts after one year +€265,000
new in 2025: €265,000
- Profit (loss) carried forward -€255,637
down €255,637 (-157.6%), from -€162,193 to -€417,830
- Write-downs +€35,970
up €35,970 (+655.8%), from €5,485 to €41,455
- Staff costs +€30,137
up €30,137 (+3278.8%), from €919 to €31,057
- Depreciation +€10,912
up €10,912 (+155.0%), from €7,040 to €17,953
- Financial income -€10,463
down €10,463 (-71.9%), from €14,546 to €4,083
- Gross operating margin -€5,539
down €5,539 (-3.4%), from -€162,164 to -€167,703
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 | €1,172,941 | €3,264,413 | +€2.1m | +178.3% |
| Fixed assets | 21/28 | €49,826 | €73,750 | +€23,924 | +48.0% |
| Intangible fixed assets | 21 | €48,417 | €70,130 | +€21,714 | +44.8% |
| Tangible fixed assets | 22/27 | €1,409 | €3,619 | +€2,211 | +156.9% |
| Plant, machinery and equipment | 23 | €1,409 | €3,619 | +€2,211 | +156.9% |
| Current assets | 29/58 | €1,123,115 | €3,190,663 | +€2.1m | +184.1% |
| Stocks and contracts in progress | 3 | €59,064 | €327,797 | +€268,733 | +455.0% |
| Stocks | 30/36 | €59,064 | €17,610 | -€41,455 | -70.2% |
| Contracts in progress | 37 | - | €310,187 | +€310,187 | |
| Amounts receivable within one year | 40/41 | €348,647 | €1,786,754 | +€1.4m | +412.5% |
| Trade receivables | 40 | €299,632 | €1,684,103 | +€1.4m | +462.1% |
| Other amounts receivable | 41 | €49,015 | €102,650 | +€53,635 | +109.4% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €355,974 | €1,065,759 | +€709,785 | +199.4% |
| Deferred charges and accrued income | 490/1 | €59,430 | €10,353 | -€49,076 | -82.6% |
| Total equity and liabilities | 10/49 | €1,172,941 | €3,264,413 | +€2.1m | +178.3% |
| Equity | 10/15 | €488,557 | €232,920 | -€255,637 | -52.3% |
| Contributions | 10/11 | €650,750 | €650,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,193 | -€417,830 | -€255,637 | -157.6% |
| Amounts payable | 17/49 | €684,384 | €3,031,493 | +€2.3m | +343.0% |
| Amounts payable after more than one year | 17 | - | €265,000 | +€265,000 | |
| Financial debts | 170/4 | - | €265,000 | +€265,000 | |
| Amounts payable within one year | 42/48 | €684,384 | €2,753,412 | +€2.1m | +302.3% |
| Trade debts | 44 | €612,356 | €1,608,988 | +€996,632 | +162.8% |
| Suppliers | 440/4 | €612,356 | €1,608,988 | +€996,632 | +162.8% |
| Advances received on contracts in progress | 46 | €63,000 | €1,132,644 | +€1.1m | +1697.8% |
| Taxes, remuneration and social security | 45 | - | €11,780 | +€11,780 | |
| Taxes | 450/3 | - | €676 | +€676 | |
| Remuneration and social security | 454/9 | - | €11,104 | +€11,104 | |
| Other amounts payable | 47/48 | €9,027 | - | -€9,027 | |
| Accrued charges and deferred income | 492/3 | - | €13,081 | +€13,081 | |
| Remuneration, social security and pensions | 62 | €919 | €31,057 | +€30,137 | +3278.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,040 | €17,953 | +€10,912 | +155.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,485 | €41,455 | +€35,970 | +655.8% |
| Other operating charges | 640/8 | €586 | €400 | -€187 | -31.8% |
| Gross operating margin | 9900 | -€162,164 | -€167,703 | -€5,539 | -3.4% |
| Operating profit (loss) | 9901 | -€176,194 | -€258,566 | -€82,372 | -46.8% |
| Financial income | 75/76B | €14,546 | €4,083 | -€10,463 | -71.9% |
| Recurring financial income | 75 | €14,546 | €4,083 | -€10,463 | -71.9% |
| Financial charges | 65/66B | €544 | €1,154 | +€609 | +112.0% |
| Recurring financial charges | 65 | €544 | €1,154 | +€609 | +112.0% |
| Profit (loss) for the period before taxes | 9903 | -€162,193 | -€255,637 | -€93,445 | -57.6% |
| Profit (loss) for the period | 9904 | -€162,193 | -€255,637 | -€93,445 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€162,193 | -€255,637 | -€93,445 | -57.6% |
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 10 October 2026 via checked.be.