POWERECO: 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.
POWERECO
Largest movements
- Cash +€37,441
new in 2023: €37,441
mainly Net result for the year (+€40,505) and Tax, wage and social debts (+€37,744)
- Receivables within one year +€37,054
up €37,054 (+957,460%), from €4 to €37,058
of which Trade receivables: +€36,300
- Profit (loss) carried forward +€40,505
up €40,505 (+37.4%), from -€108,357 to -€67,852
- Tax, wage and social debts +€37,744
new in 2023: €37,744
of which Taxes: +€35,149
- Other debts -€4,062
down €4,062 (-5.7%), from €70,803 to €66,741
- Gross operating margin +€93,213
new in 2023: €93,213
- Staff costs +€35,653
new in 2023: €35,653
- Taxes +€16,843
new in 2023: €16,843
From the 2022 result to the 2023 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4 | €74,498 | +€74,494 | +1,924,915% |
| Current assets | 29/58 | €4 | €74,498 | +€74,494 | +1,924,915% |
| Amounts receivable within one year | 40/41 | €4 | €37,058 | +€37,054 | +957,460% |
| Trade receivables | 40 | - | €36,300 | +€36,300 | |
| Other amounts receivable | 41 | €4 | €758 | +€754 | +19,476% |
| Cash at bank and in hand | 54/58 | - | €37,441 | +€37,441 | |
| Total equity and liabilities | 10/49 | €4 | €74,498 | +€74,494 | +1,924,915% |
| Equity | 10/15 | -€70,812 | -€30,307 | +€40,505 | +57.2% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Capital | 10 | €37,184 | - | -€37,184 | |
| Issued capital | 100 | €37,184 | - | -€37,184 | |
| Contributions outside capital | 11 | - | €37,184 | +€37,184 | |
| Other | 1109/19 | - | €37,184 | +€37,184 | |
| Reserves | 13 | €362 | €362 | = | 0.0% |
| Non-distributable reserves | 130/1 | €362 | - | -€362 | |
| Legal reserve | 130 | €362 | - | -€362 | |
| Distributable reserves | 133 | - | €362 | +€362 | |
| Profit (loss) carried forward | 14 | -€108,357 | -€67,852 | +€40,505 | +37.4% |
| Amounts payable | 17/49 | €70,816 | €104,805 | +€33,989 | +48.0% |
| Amounts payable within one year | 42/48 | €70,816 | €104,805 | +€33,989 | +48.0% |
| Financial debts | 43 | €13 | - | -€13 | |
| Credit institutions | 430/8 | €13 | - | -€13 | |
| Trade debts | 44 | - | €320 | +€320 | |
| Suppliers | 440/4 | - | €320 | +€320 | |
| Taxes, remuneration and social security | 45 | - | €37,744 | +€37,744 | |
| Taxes | 450/3 | - | €35,149 | +€35,149 | |
| Remuneration and social security | 454/9 | - | €2,596 | +€2,596 | |
| Other amounts payable | 47/48 | €70,803 | €66,741 | -€4,062 | -5.7% |
| Remuneration, social security and pensions | 62 | - | €35,653 | +€35,653 | |
| Other operating charges | 640/8 | - | €198 | +€198 | |
| Gross operating margin | 9900 | - | €93,213 | +€93,213 | |
| Operating profit (loss) | 9901 | - | €57,362 | +€57,362 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | - | €27 | +€27 | |
| Recurring financial charges | 65 | - | €27 | +€27 | |
| Non-recurring financial charges | 66B | - | €27 | +€27 | |
| Profit (loss) for the period before taxes | 9903 | - | €57,348 | +€57,348 | |
| Income taxes | 67/77 | - | €16,843 | +€16,843 | |
| Profit (loss) for the period | 9904 | - | €40,505 | +€40,505 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €40,505 | +€40,505 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.