POWERCELL: 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.
POWERCELL
Largest movements
- Cash +€67,180
up €67,180 (+724.3%), from €9,275 to €76,456
mainly Receivables within one year (+€47,284) and Net result for the year (+€36,649)
- Receivables within one year -€47,284
down €47,284 (-22.3%), from €211,688 to €164,404
of which Trade receivables: -€60,146
- Tangible fixed assets +€22,721
up €22,721 (+17.3%), from €131,634 to €154,355
of which Furniture and vehicles: +€35,600
- Reserves +€36,649
up €36,649 (+18.4%), from €199,632 to €236,281
- Tax, wage and social debts +€4,294
up €4,294 (+12.8%), from €33,515 to €37,809
- Taxes +€10,754
up €10,754 (+75.3%), from €14,280 to €25,034
- Gross operating margin +€9,409
up €9,409 (+12.8%), from €73,368 to €82,777
- Depreciation +€5,551
up €5,551 (+33.6%), from €16,532 to €22,082
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 | €353,125 | €395,611 | +€42,485 | +12.0% |
| Fixed assets | 21/28 | €131,634 | €154,355 | +€22,721 | +17.3% |
| Tangible fixed assets | 22/27 | €131,634 | €154,355 | +€22,721 | +17.3% |
| Land and buildings | 22 | €91,786 | €81,721 | -€10,065 | -11.0% |
| Plant, machinery and equipment | 23 | €38,558 | €35,744 | -€2,815 | -7.3% |
| Furniture and vehicles | 24 | €1,290 | €36,891 | +€35,600 | +2758.9% |
| Current assets | 29/58 | €221,491 | €241,256 | +€19,765 | +8.9% |
| Amounts receivable within one year | 40/41 | €211,688 | €164,404 | -€47,284 | -22.3% |
| Trade receivables | 40 | €147,451 | €87,305 | -€60,146 | -40.8% |
| Other amounts receivable | 41 | €64,237 | €77,099 | +€12,862 | +20.0% |
| Cash at bank and in hand | 54/58 | €9,275 | €76,456 | +€67,180 | +724.3% |
| Deferred charges and accrued income | 490/1 | €528 | €397 | -€131 | -24.8% |
| Total equity and liabilities | 10/49 | €353,125 | €395,611 | +€42,485 | +12.0% |
| Equity | 10/15 | €319,610 | €356,259 | +€36,649 | +11.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €199,632 | €236,281 | +€36,649 | +18.4% |
| Distributable reserves | 133 | €199,632 | €236,281 | +€36,649 | +18.4% |
| Profit (loss) carried forward | 14 | €101,386 | €101,386 | = | 0.0% |
| Amounts payable | 17/49 | €33,515 | €39,352 | +€5,837 | +17.4% |
| Amounts payable within one year | 42/48 | €33,515 | €39,352 | +€5,837 | +17.4% |
| Trade debts | 44 | - | €1,543 | +€1,543 | |
| Suppliers | 440/4 | - | €1,543 | +€1,543 | |
| Taxes, remuneration and social security | 45 | €33,515 | €37,809 | +€4,294 | +12.8% |
| Taxes | 450/3 | €33,515 | €37,809 | +€4,294 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,532 | €22,082 | +€5,551 | +33.6% |
| Other operating charges | 640/8 | €1,953 | €2,014 | +€61 | +3.1% |
| Gross operating margin | 9900 | €73,368 | €82,777 | +€9,409 | +12.8% |
| Operating profit (loss) | 9901 | €54,883 | €58,680 | +€3,797 | +6.9% |
| Financial income | 75/76B | €3,125 | €3,149 | +€24 | +0.8% |
| Recurring financial income | 75 | €3,125 | €3,149 | +€24 | +0.8% |
| Financial charges | 65/66B | €65 | €146 | +€81 | +123.4% |
| Recurring financial charges | 65 | €65 | €146 | +€81 | +123.4% |
| Profit (loss) for the period before taxes | 9903 | €57,943 | €61,683 | +€3,741 | +6.5% |
| Income taxes | 67/77 | €14,280 | €25,034 | +€10,754 | +75.3% |
| Profit (loss) for the period | 9904 | €43,662 | €36,649 | -€7,014 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,662 | €36,649 | -€7,014 | -16.1% |
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 30 September 2026 via checked.be.