POWERGRAPH: 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
POWERGRAPH
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€844,603
2024 · €4.8m-€4.0m
Equity
€40.1m
2024 · €39.3m+€844,603
Cash
€26,854
2024 · €970,579-€943,725
Balance sheet total
€45.0m
2024 · €43.9m+€1.1m
Largest movements
Assets
- Financial fixed assets +€2.2m
up €2.2m (+5.5%), from €39.6m to €41.8m
of which Affiliated companies: +€8.8m
- Current investments -€997,854
down €997,854 (-41.6%), from €2.4m to €1.4m
- Cash -€943,725
down €943,725 (-97.2%), from €970,579 to €26,854
mainly Investment in fixed assets (net) (-€2.2m) and Receivables within one year (-€897,229)
- Receivables within one year +€897,229
up €897,229 (+100.0%), from €897,562 to €1.8m
of which Other amounts receivable: +€906,392
Equity and liabilities
- Profit (loss) carried forward +€844,603
up €844,603 (+5.9%), from -€14.3m to -€13.5m
Income statement
- Financial income -€5.1m
down €5.1m (-87.8%), from €5.8m to €707,105
of which Non-recurring financial income: -€3.9m
- Financial charges -€791,835
down €791,835 (-74.8%), from €1.1m to €266,846
of which Financial charges: -€835,629
- Other operating charges +€188,931
up €188,931 (+449%), from €42,065 to €230,996
- Services and other goods -€107,694
down €107,694 (-38.8%), from €277,794 to €170,101
- Other operating income -€29,323
down €29,323 (-86.2%), from €34,004 to €4,681
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
€4.8m
Turnover
+€10,454
Other operating income
-€29,323
Services and other goods
+€107,694
Other operating charges
-€188,931
Other operating items
+€440,205
Financial income
-€5.1m
Financial charges
+€791,835
Taxes
-€3,904
Result 2025
€844,603
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€17,072
Investment
-€1.2m
Financing
+€221,743
Cash 2024
€970,579
From operations (derived)
+€17,072
Net result for the year
+€844,603
Receivables within one year
-€897,229
Deferred charges and accrued income
+€777
Trade debts
+€32,340
Tax, wage and social debts
-€10,545
Other debts
+€47,126
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€2.2m
Current investments
+€997,854
Financing
+€221,743
Debts after one year
+€121,743
Short-term financial debts
+€100,000
Cash 2025
€26,854
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,860,493 | €44,995,760 | +€1.1m | +2.6% |
| Fixed assets | 21/28 | €39,593,325 | €41,773,719 | +€2.2m | +5.5% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €39,593,325 | €41,773,719 | +€2.2m | +5.5% |
| Affiliated companies | 280/1 | €24,363,594 | €33,186,816 | +€8.8m | +36.2% |
| Participating interests | 280 | €24,363,593 | €33,186,815 | +€8.8m | +36.2% |
| Amounts receivable | 281 | €1 | €1 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €9,917,056 | €1,859,435 | -€8.1m | -81.3% |
| Participating interests | 282 | €9,917,055 | €1,859,434 | -€8.1m | -81.3% |
| Amounts receivable | 283 | €1 | €1 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,312,675 | €6,727,467 | +€1.4m | +26.6% |
| Shares | 284 | €5,026,961 | €6,727,467 | +€1.7m | +33.8% |
| Amounts receivable and cash guarantees | 285/8 | €285,714 | €0 | -€285,714 | -100% |
| Current assets | 29/58 | €4,267,169 | €3,222,041 | -€1.0m | -24.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €897,562 | €1,794,791 | +€897,229 | +100.0% |
| Trade receivables | 40 | €264,611 | €255,448 | -€9,163 | -3.5% |
| Other amounts receivable | 41 | €632,951 | €1,539,343 | +€906,392 | +143% |
| Current investments | 50/53 | €2,398,251 | €1,400,396 | -€997,854 | -41.6% |
| Other investments | 51/53 | €2,398,251 | €1,400,396 | -€997,854 | -41.6% |
| Cash at bank and in hand | 54/58 | €970,579 | €26,854 | -€943,725 | -97.2% |
| Deferred charges and accrued income | 490/1 | €777 | €0 | -€777 | -100% |
| Total equity and liabilities | 10/49 | €43,860,493 | €44,995,760 | +€1.1m | +2.6% |
| Equity | 10/15 | €39,272,517 | €40,117,120 | +€844,603 | +2.2% |
| Contributions | 10/11 | €51,315,089 | €51,315,089 | = | 0.0% |
| Revaluation surpluses | 12 | €2,216,399 | €2,216,399 | = | 0.0% |
| Reserves | 13 | €66,838 | €66,838 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48,246 | €48,246 | = | 0.0% |
| Other | 1319 | €48,246 | €48,246 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,325,809 | -€13,481,206 | +€844,603 | +5.9% |
| Provisions and deferred taxes | 16 | €4,300,000 | €4,300,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,300,000 | €4,300,000 | = | 0.0% |
| Taxes | 161 | €300,000 | €300,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,000,000 | €4,000,000 | = | 0.0% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €287,976 | €578,640 | +€290,664 | +101% |
| Amounts payable after more than one year | 17 | - | €121,743 | +€121,743 | |
| Other amounts payable | 178/9 | - | €121,743 | +€121,743 | |
| Amounts payable within one year | 42/48 | €287,976 | €456,897 | +€168,921 | +58.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | €0 | €100,000 | +€100,000 | |
| Trade debts | 44 | €24,319 | €56,659 | +€32,340 | +133% |
| Suppliers | 440/4 | €24,319 | €56,659 | +€32,340 | +133% |
| Taxes, remuneration and social security | 45 | €12,058 | €1,512 | -€10,545 | -87.5% |
| Taxes | 450/3 | €12,058 | €1,512 | -€10,545 | -87.5% |
| Other amounts payable | 47/48 | €251,600 | €298,726 | +€47,126 | +18.7% |
| Operating income | 70/76A | €4,281,585 | €817,721 | -€3.5m | -80.9% |
| Turnover | 70 | €802,587 | €813,040 | +€10,454 | +1.3% |
| Other operating income | 74 | €34,004 | €4,681 | -€29,323 | -86.2% |
| Non-recurring operating income | 76A | €3,444,994 | €0 | -€3.4m | -100% |
| Operating charges | 60/66A | €4,217,142 | €413,180 | -€3.8m | -90.2% |
| Services and other goods | 61 | €277,794 | €170,101 | -€107,694 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €42,065 | €230,996 | +€188,931 | +449% |
| Non-recurring operating charges | 66A | €3,897,282 | €12,083 | -€3.9m | -99.7% |
| Operating profit (loss) | 9901 | €64,443 | €404,541 | +€340,098 | +528% |
| Financial income | 75/76B | €5,817,581 | €707,105 | -€5.1m | -87.8% |
| Recurring financial income | 75 | €1,543,937 | €327,726 | -€1.2m | -78.8% |
| Income from financial fixed assets | 750 | €939,233 | €274,522 | -€664,710 | -70.8% |
| Income from current assets | 751 | €604,705 | €52,177 | -€552,527 | -91.4% |
| Other financial income | 752/9 | - | €1,027 | +€1,027 | |
| Non-recurring financial income | 76B | €4,273,644 | €379,379 | -€3.9m | -91.1% |
| Financial charges | 65/66B | €1,058,680 | €266,846 | -€791,835 | -74.8% |
| Recurring financial charges | 65 | €833,680 | -€1,948 | -€835,629 | |
| Debt charges | 650 | €130,907 | €5,656 | -€125,251 | -95.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €10,014 | -€12,693 | -€22,707 | |
| Other financial charges | 652/9 | €692,759 | €5,089 | -€687,671 | -99.3% |
| Non-recurring financial charges | 66B | €225,000 | €268,794 | +€43,794 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €4,823,344 | €844,801 | -€4.0m | -82.5% |
| Income taxes | 67/77 | -€3,707 | €198 | +€3,904 | |
| Taxes | 670/3 | €118 | €198 | +€80 | +67.6% |
| Tax adjustments and reversals of tax provisions | 77 | €3,825 | €0 | -€3,825 | -100% |
| Profit (loss) for the period | 9904 | €4,827,051 | €844,603 | -€4.0m | -82.5% |
| Transfer from tax-exempt reserves | 789 | €304,569 | €0 | -€304,569 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €5,131,620 | €844,603 | -€4.3m | -83.5% |
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 17 October 2026 via checked.be.