POWERCOM: 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.
POWERCOM
Largest movements
- Receivables after one year +€9,157
up €9,157 (+13.4%), from €68,396 to €77,553
- Receivables within one year -€7,826
down €7,826 (-34.8%), from €22,476 to €14,650
of which Other amounts receivable: -€8,594
- Current investments -€6,827
down €6,827 (-17.4%), from €39,155 to €32,327
- Cash -€4,174
down €4,174 (-43.7%), from €9,551 to €5,377
mainly Receivables after one year (-€9,157) and Trade debts (-€6,287)
- Trade debts -€6,287
down €6,287 (-40.9%), from €15,371 to €9,084
- Reserves -€3,821
down €3,821 (-2.9%), from €132,344 to €128,524
of which Distributable reserves: -€3,821
- Gross operating margin +€22,008
up €22,008 (+76.2%), from -€28,893 to -€6,885
- Financial income -€5,017
down €5,017 (-39.7%), from €12,627 to €7,610
- Other operating charges +€1,385
up €1,385 (+54.1%), from €2,563 to €3,949
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,816 | €154,458 | -€9,358 | -5.7% |
| Fixed assets | 21/28 | €4,337 | €4,300 | -€37 | -0.8% |
| Tangible fixed assets | 22/27 | €295 | €258 | -€37 | -12.5% |
| Furniture and vehicles | 24 | €295 | €258 | -€37 | -12.5% |
| Financial fixed assets | 28 | €4,042 | €4,042 | = | 0.0% |
| Current assets | 29/58 | €159,480 | €150,158 | -€9,322 | -5.8% |
| Amounts receivable after more than one year | 29 | €68,396 | €77,553 | +€9,157 | +13.4% |
| Other amounts receivable | 291 | €68,396 | €77,553 | +€9,157 | +13.4% |
| Stocks and contracts in progress | 3 | €18,257 | €19,847 | +€1,590 | +8.7% |
| Stocks | 30/36 | €18,257 | €19,847 | +€1,590 | +8.7% |
| Amounts receivable within one year | 40/41 | €22,476 | €14,650 | -€7,826 | -34.8% |
| Trade receivables | 40 | €3,786 | €4,553 | +€767 | +20.3% |
| Other amounts receivable | 41 | €18,690 | €10,097 | -€8,594 | -46.0% |
| Current investments | 50/53 | €39,155 | €32,327 | -€6,827 | -17.4% |
| Cash at bank and in hand | 54/58 | €9,551 | €5,377 | -€4,174 | -43.7% |
| Deferred charges and accrued income | 490/1 | €1,644 | €404 | -€1,241 | -75.4% |
| Total equity and liabilities | 10/49 | €163,816 | €154,458 | -€9,358 | -5.7% |
| Equity | 10/15 | €144,944 | €141,124 | -€3,821 | -2.6% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €132,344 | €128,524 | -€3,821 | -2.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €130,485 | €126,664 | -€3,821 | -2.9% |
| Amounts payable | 17/49 | €18,872 | €13,334 | -€5,538 | -29.3% |
| Amounts payable within one year | 42/48 | €18,872 | €13,334 | -€5,538 | -29.3% |
| Trade debts | 44 | €15,371 | €9,084 | -€6,287 | -40.9% |
| Suppliers | 440/4 | €15,371 | €9,084 | -€6,287 | -40.9% |
| Taxes, remuneration and social security | 45 | €3,501 | €4,251 | +€749 | +21.4% |
| Taxes | 450/3 | €3,501 | €4,251 | +€749 | +21.4% |
| Non-recurring operating income | 76A | €12,627 | - | -€12,627 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37 | €37 | = | 0.0% |
| Other operating charges | 640/8 | €2,563 | €3,949 | +€1,385 | +54.1% |
| Gross operating margin | 9900 | -€28,893 | -€6,885 | +€22,008 | +76.2% |
| Operating profit (loss) | 9901 | -€31,493 | -€10,871 | +€20,622 | +65.5% |
| Financial income | 75/76B | €12,627 | €7,610 | -€5,017 | -39.7% |
| Recurring financial income | 75 | €12,627 | €7,610 | -€5,017 | -39.7% |
| Financial charges | 65/66B | €282 | €522 | +€240 | +85.4% |
| Recurring financial charges | 65 | €193 | €522 | +€329 | +170% |
| Non-recurring financial charges | 66B | €88 | - | -€88 | |
| Profit (loss) for the period before taxes | 9903 | -€19,147 | -€3,782 | +€15,365 | +80.2% |
| Income taxes | 67/77 | - | €38 | +€38 | |
| Profit (loss) for the period | 9904 | -€19,147 | -€3,821 | +€15,326 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,147 | -€3,821 | +€15,326 | +80.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.