POWERDEAL: 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.
What changed
POWERDEAL
NACE 46.842, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€702,596
2024 · €220,312+€482,284
Equity
€8.8m
2024 · €8.1m+€702,596
Cash
€385,800
2024 · €5.8m-€5.4m
Balance sheet total
€13.1m
2024 · €12.0m+€1.1m
Largest movements
Assets
- Cash -€5.4m
down €5.4m (-93.4%), from €5.8m to €385,800
mainly Stocks and contracts (-€4.7m) and Receivables within one year (-€1.9m)
- Stocks and contracts +€4.7m
up €4.7m (+133.2%), from €3.6m to €8.3m
- Receivables within one year +€1.9m
up €1.9m (+79.4%), from €2.3m to €4.2m
of which Trade receivables: +€1.1m
Equity and liabilities
- Profit (loss) carried forward +€702,596
up €702,596 (+8.7%), from €8.1m to €8.8m
- Short-term financial debts +€306,456
new in 2025: €306,456
- Tax, wage and social debts +€172,116
up €172,116 (+466.4%), from €36,906 to €209,022
of which Taxes: +€148,298
Income statement
- Turnover +€7.5m
up €7.5m (+36.3%), from €20.6m to €28.1m
- Goods and materials +€7.4m
up €7.4m (+42.9%), from €17.3m to €24.8m
of which Purchases: +€11.4m
- Write-downs -€306,069
down €306,069, from €184,323 to -€121,746
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.
Result 2024
€220,312
Turnover
+€7.5m
Other operating income
-€11,414
Goods and materials
-€7.4m
Services and other goods
-€174,403
Staff costs
-€114,721
Depreciation
+€2,507
Write-downs
+€306,069
Other operating charges
+€959
Other operating items
+€575,998
Financial income
+€9,815
Financial charges
-€9,693
Taxes
-€165,683
Result 2025
€702,596
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.
From operations
-€5.7m
Investment
-€26,931
Financing
+€276,121
Cash 2024
€5.8m
From operations (derived)
-€5.7m
Net result for the year
+€702,596
Depreciation
+€53,629
Stocks and contracts
-€4.7m
Receivables within one year
-€1.9m
Smaller working-capital items
-€5,411
Trade debts
-€75,275
Tax, wage and social debts
+€172,116
Advances received
+€58,870
Investment (derived)
-€26,931
Investment in fixed assets (net)
-€26,931
Financing
+€276,121
Debts after one year
-€31,730
Current portion of long-term debt
+€1,395
Short-term financial debts
+€306,456
Cash 2025
€385,800
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,993,481 | €13,129,372 | +€1.1m | +9.5% |
| Fixed assets | 21/28 | €230,652 | €203,953 | -€26,698 | -11.6% |
| Intangible fixed assets | 21 | €11,940 | €8,274 | -€3,666 | -30.7% |
| Tangible fixed assets | 22/27 | €218,711 | €195,679 | -€23,032 | -10.5% |
| Plant, machinery and equipment | 23 | €33,701 | €40,068 | +€6,367 | +18.9% |
| Furniture and vehicles | 24 | €72,420 | €70,404 | -€2,016 | -2.8% |
| Leasing and similar rights | 25 | €79,927 | €54,992 | -€24,934 | -31.2% |
| Other tangible fixed assets | 26 | €32,663 | €30,215 | -€2,448 | -7.5% |
| Current assets | 29/58 | €11,762,829 | €12,925,419 | +€1.2m | +9.9% |
| Stocks and contracts in progress | 3 | €3,559,316 | €8,298,907 | +€4.7m | +133.2% |
| Stocks | 30/36 | €3,559,316 | €8,298,907 | +€4.7m | +133.2% |
| Goods purchased for resale | 34 | €3,559,316 | €8,298,907 | +€4.7m | +133.2% |
| Amounts receivable within one year | 40/41 | €2,341,186 | €4,200,558 | +€1.9m | +79.4% |
| Trade receivables | 40 | €1,902,279 | €2,978,613 | +€1.1m | +56.6% |
| Other amounts receivable | 41 | €438,908 | €1,221,945 | +€783,037 | +178.4% |
| Cash at bank and in hand | 54/58 | €5,829,048 | €385,800 | -€5.4m | -93.4% |
| Deferred charges and accrued income | 490/1 | €33,279 | €40,154 | +€6,875 | +20.7% |
| Total equity and liabilities | 10/49 | €11,993,481 | €13,129,372 | +€1.1m | +9.5% |
| Equity | 10/15 | €8,117,314 | €8,819,909 | +€702,596 | +8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,109,254 | €8,811,849 | +€702,596 | +8.7% |
| Amounts payable | 17/49 | €3,876,167 | €4,309,463 | +€433,296 | +11.2% |
| Amounts payable after more than one year | 17 | €42,146 | €10,415 | -€31,730 | -75.3% |
| Financial debts | 170/4 | €42,146 | €10,415 | -€31,730 | -75.3% |
| Leasing and similar obligations | 172 | €42,146 | €10,415 | -€31,730 | -75.3% |
| Amounts payable within one year | 42/48 | €3,834,021 | €4,299,048 | +€465,026 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €30,335 | €31,730 | +€1,395 | +4.6% |
| Financial debts | 43 | - | €306,456 | +€306,456 | |
| Credit institutions | 430/8 | - | €306,456 | +€306,456 | |
| Trade debts | 44 | €3,755,015 | €3,679,741 | -€75,275 | -2.0% |
| Suppliers | 440/4 | €3,755,015 | €3,679,741 | -€75,275 | -2.0% |
| Advances received on contracts in progress | 46 | - | €58,870 | +€58,870 | |
| Taxes, remuneration and social security | 45 | €36,906 | €209,022 | +€172,116 | +466.4% |
| Taxes | 450/3 | €6,968 | €155,265 | +€148,298 | +2128.4% |
| Remuneration and social security | 454/9 | €29,939 | €53,757 | +€23,818 | +79.6% |
| Other amounts payable | 47/48 | €11,765 | €13,229 | +€1,464 | +12.4% |
| Operating income | 70/76A | €20,783,243 | €28,239,362 | +€7.5m | +35.9% |
| Turnover | 70 | €20,609,153 | €28,100,001 | +€7.5m | +36.3% |
| Other operating income | 74 | €150,775 | €139,361 | -€11,414 | -7.6% |
| Non-recurring operating income | 76A | €23,315 | - | -€23,315 | |
| Operating charges | 60/66A | €20,428,563 | €27,236,837 | +€6.8m | +33.3% |
| Goods for resale, raw materials and consumables | 60 | €17,334,693 | €24,762,691 | +€7.4m | +42.9% |
| Purchases | 600/8 | €18,010,831 | €29,378,169 | +€11.4m | +63.1% |
| Change in stocks: decrease (increase) | 609 | -€676,138 | -€4,615,477 | -€3.9m | -582.6% |
| Services and other goods | 61 | €1,940,107 | €2,114,510 | +€174,403 | +9.0% |
| Remuneration, social security and pensions | 62 | €308,494 | €423,216 | +€114,721 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,136 | €53,629 | -€2,507 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €184,323 | -€121,746 | -€306,069 | |
| Other operating charges | 640/8 | €4,065 | €3,106 | -€959 | -23.6% |
| Non-recurring operating charges | 66A | €600,745 | €1,431 | -€599,314 | -99.8% |
| Operating profit (loss) | 9901 | €354,680 | €1,002,525 | +€647,845 | +182.7% |
| Financial income | 75/76B | €16,303 | €26,118 | +€9,815 | +60.2% |
| Recurring financial income | 75 | €16,303 | €26,118 | +€9,815 | +60.2% |
| Income from current assets | 751 | €85 | €25,680 | +€25,596 | +30197.8% |
| Other financial income | 752/9 | €16,218 | €437 | -€15,780 | -97.3% |
| Financial charges | 65/66B | €54,484 | €64,177 | +€9,693 | +17.8% |
| Recurring financial charges | 65 | €54,484 | €64,177 | +€9,693 | +17.8% |
| Debt charges | 650 | €52,313 | €63,142 | +€10,828 | +20.7% |
| Other financial charges | 652/9 | €2,171 | €1,035 | -€1,136 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €316,498 | €964,466 | +€647,967 | +204.7% |
| Income taxes | 67/77 | €96,187 | €261,870 | +€165,683 | +172.3% |
| Taxes | 670/3 | €96,187 | €261,870 | +€165,683 | +172.3% |
| Profit (loss) for the period | 9904 | €220,312 | €702,596 | +€482,284 | +218.9% |
| Profit (loss) for the period to be appropriated | 9905 | €220,312 | €702,596 | +€482,284 | +218.9% |
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.