POWERFOX: 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.
POWERFOX
Largest movements
- Cash +€64,169
up €64,169 (+2915.6%), from €2,201 to €66,370
mainly Net result for the year (+€86,397) and Tax, wage and social debts (+€7,641)
- Current investments +€24,272
up €24,272 (+469.0%), from €5,176 to €29,447
- Receivables within one year +€9,978
up €9,978 (+22.5%), from €44,367 to €54,345
of which Trade receivables: +€21,601
- Tangible fixed assets -€3,478
down €3,478 (-34.2%), from €10,173 to €6,695
of which Furniture and vehicles: -€2,908
- Profit (loss) carried forward +€73,875
no longer reported in 2025 (was -€73,875)
- Reserves +€12,522
up €12,522 (+5.2%), from €240,329 to €252,851
- Tax, wage and social debts +€7,641
up €7,641 (+4381.4%), from €174 to €7,816
- Gross operating margin +€139,981
up €139,981, from -€40,700 to €99,282
- Taxes +€8,242
up €8,242 (+3689.8%), from €223 to €8,465
- Financial income -€2,682
down €2,682 (-70.6%), from €3,799 to €1,117
- Staff costs -€1,027
no longer reported in 2025 (was €1,027)
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 | €169,342 | €264,283 | +€94,940 | +56.1% |
| Fixed assets | 21/28 | €117,598 | €114,120 | -€3,478 | -3.0% |
| Tangible fixed assets | 22/27 | €10,173 | €6,695 | -€3,478 | -34.2% |
| Furniture and vehicles | 24 | €8,766 | €5,858 | -€2,908 | -33.2% |
| Other tangible fixed assets | 26 | €1,407 | €837 | -€570 | -40.5% |
| Financial fixed assets | 28 | €107,425 | €107,425 | = | 0.0% |
| Current assets | 29/58 | €51,744 | €150,163 | +€98,419 | +190.2% |
| Amounts receivable within one year | 40/41 | €44,367 | €54,345 | +€9,978 | +22.5% |
| Trade receivables | 40 | €4,336 | €25,937 | +€21,601 | +498.2% |
| Other amounts receivable | 41 | €40,031 | €28,408 | -€11,623 | -29.0% |
| Current investments | 50/53 | €5,176 | €29,447 | +€24,272 | +469.0% |
| Cash at bank and in hand | 54/58 | €2,201 | €66,370 | +€64,169 | +2915.6% |
| Total equity and liabilities | 10/49 | €169,342 | €264,283 | +€94,940 | +56.1% |
| Equity | 10/15 | €166,555 | €252,951 | +€86,397 | +51.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €240,329 | €252,851 | +€12,522 | +5.2% |
| Distributable reserves | 133 | €240,329 | €252,851 | +€12,522 | +5.2% |
| Profit (loss) carried forward | 14 | -€73,875 | - | +€73,875 | |
| Amounts payable | 17/49 | €2,788 | €11,332 | +€8,544 | +306.5% |
| Amounts payable within one year | 42/48 | €2,788 | €11,332 | +€8,544 | +306.5% |
| Trade debts | 44 | €2,613 | €3,516 | +€903 | +34.5% |
| Suppliers | 440/4 | €2,613 | €3,516 | +€903 | +34.5% |
| Taxes, remuneration and social security | 45 | €174 | €7,816 | +€7,641 | +4381.4% |
| Taxes | 450/3 | €174 | €7,816 | +€7,641 | +4381.4% |
| Remuneration, social security and pensions | 62 | €1,027 | - | -€1,027 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,005 | €4,670 | -€335 | -6.7% |
| Other operating charges | 640/8 | €211 | €331 | +€120 | +57.0% |
| Gross operating margin | 9900 | -€40,700 | €99,282 | +€139,981 | |
| Operating profit (loss) | 9901 | -€46,943 | €94,280 | +€141,224 | |
| Financial income | 75/76B | €3,799 | €1,117 | -€2,682 | -70.6% |
| Recurring financial income | 75 | €3,799 | €1,117 | -€2,682 | -70.6% |
| Financial charges | 65/66B | €355 | €535 | +€181 | +50.9% |
| Recurring financial charges | 65 | €355 | €535 | +€181 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | -€43,500 | €94,862 | +€138,361 | |
| Income taxes | 67/77 | €223 | €8,465 | +€8,242 | +3689.8% |
| Profit (loss) for the period | 9904 | -€43,723 | €86,397 | +€130,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,723 | €86,397 | +€130,119 |
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 29 September 2026 via checked.be.