POWERCONSTRUCT: 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.
POWERCONSTRUCT
Largest movements
- Cash -€114,546
down €114,546 (-61.9%), from €184,996 to €70,450
mainly Receivables within one year (-€54,733) and Accrued charges and deferred income (-€50,000)
- Receivables within one year +€54,733
up €54,733 (+11.3%), from €483,158 to €537,891
of which Trade receivables: +€132,371
- Tangible fixed assets -€34,011
down €34,011 (-9.9%), from €345,147 to €311,136
of which Plant, machinery and equipment: -€21,559
- Accrued charges and deferred income -€50,000
no longer reported in 2025 (was €50,000)
- Other debts -€43,000
down €43,000 (-83.3%), from €51,641 to €8,641
- Debts after one year -€24,142
down €24,142 (-14.8%), from €163,606 to €139,464
- Profit (loss) carried forward +€12,681
up €12,681 (+5.8%), from €220,059 to €232,741
- Gross operating margin -€42,710
down €42,710 (-25.0%), from €171,145 to €128,435
- Staff costs +€23,672
up €23,672 (+81.1%), from €29,179 to €52,852
- Taxes +€11,095
up €11,095 (+444%), from €2,500 to €13,595
- Other operating charges +€6,322
up €6,322 (+170%), from €3,726 to €10,048
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 | €1,023,884 | €930,059 | -€93,824 | -9.2% |
| Fixed assets | 21/28 | €347,884 | €313,873 | -€34,011 | -9.8% |
| Tangible fixed assets | 22/27 | €345,147 | €311,136 | -€34,011 | -9.9% |
| Land and buildings | 22 | €224,988 | €224,988 | = | 0.0% |
| Plant, machinery and equipment | 23 | €104,622 | €83,063 | -€21,559 | -20.6% |
| Furniture and vehicles | 24 | €15,537 | €3,085 | -€12,452 | -80.1% |
| Financial fixed assets | 28 | €2,737 | €2,737 | = | 0.0% |
| Current assets | 29/58 | €676,000 | €616,187 | -€59,814 | -8.8% |
| Amounts receivable within one year | 40/41 | €483,158 | €537,891 | +€54,733 | +11.3% |
| Trade receivables | 40 | €396,006 | €528,376 | +€132,371 | +33.4% |
| Other amounts receivable | 41 | €87,152 | €9,515 | -€77,638 | -89.1% |
| Cash at bank and in hand | 54/58 | €184,996 | €70,450 | -€114,546 | -61.9% |
| Deferred charges and accrued income | 490/1 | €7,846 | €7,846 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,023,884 | €930,059 | -€93,824 | -9.2% |
| Equity | 10/15 | €240,519 | €253,201 | +€12,681 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,059 | €232,741 | +€12,681 | +5.8% |
| Amounts payable | 17/49 | €783,364 | €676,859 | -€106,506 | -13.6% |
| Amounts payable after more than one year | 17 | €163,606 | €139,464 | -€24,142 | -14.8% |
| Financial debts | 170/4 | €163,606 | €139,464 | -€24,142 | -14.8% |
| Amounts payable within one year | 42/48 | €569,758 | €537,395 | -€32,364 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €23,346 | €24,142 | +€796 | +3.4% |
| Trade debts | 44 | €177,732 | €178,730 | +€998 | +0.6% |
| Suppliers | 440/4 | €177,732 | €178,730 | +€998 | +0.6% |
| Advances received on contracts in progress | 46 | €288,655 | €288,655 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,384 | €37,227 | +€8,842 | +31.2% |
| Taxes | 450/3 | €4,047 | €5,167 | +€1,120 | +27.7% |
| Remuneration and social security | 454/9 | €24,337 | €32,060 | +€7,722 | +31.7% |
| Other amounts payable | 47/48 | €51,641 | €8,641 | -€43,000 | -83.3% |
| Accrued charges and deferred income | 492/3 | €50,000 | - | -€50,000 | |
| Remuneration, social security and pensions | 62 | €29,179 | €52,852 | +€23,672 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,011 | €34,011 | -€1 | 0.0% |
| Other operating charges | 640/8 | €3,726 | €10,048 | +€6,322 | +170% |
| Gross operating margin | 9900 | €171,145 | €128,435 | -€42,710 | -25.0% |
| Operating profit (loss) | 9901 | €104,229 | €31,524 | -€72,704 | -69.8% |
| Financial charges | 65/66B | €6,021 | €5,248 | -€774 | -12.9% |
| Recurring financial charges | 65 | €6,021 | €5,248 | -€774 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €98,207 | €26,277 | -€71,931 | -73.2% |
| Income taxes | 67/77 | €2,500 | €13,595 | +€11,095 | +444% |
| Profit (loss) for the period | 9904 | €95,707 | €12,681 | -€83,026 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,707 | €12,681 | -€83,026 | -86.7% |
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 22 October 2026 via checked.be.