POWERMAT: 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.
POWERMAT
Largest movements
- Current investments +€300,000
up €300,000 (+37.5%), from €800,000 to €1.1m
- Cash +€59,179
up €59,179 (+34.4%), from €172,202 to €231,380
mainly Net result for the year (+€324,004) and Tax, wage and social debts (+€60,684)
- Tangible fixed assets -€34,144
down €34,144 (-8.0%), from €425,157 to €391,013
of which Land and buildings: -€18,209
- Receivables within one year +€33,199
up €33,199 (+20.9%), from €158,987 to €192,185
of which Trade receivables: +€75,819
- Reserves +€282,133
up €282,133 (+31.4%), from €898,177 to €1.2m
- Tax, wage and social debts +€60,684
up €60,684 (+81.1%), from €74,846 to €135,530
of which Taxes: +€56,376
- Other debts +€19,235
up €19,235 (+16.3%), from €118,223 to €137,458
- Gross operating margin -€84,472
down €84,472 (-13.5%), from €627,587 to €543,114
- Taxes -€33,615
down €33,615 (-18.1%), from €186,161 to €152,546
- Staff costs +€19,831
new in 2025: €19,831
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 | €1,556,421 | €1,914,921 | +€358,499 | +23.0% |
| Fixed assets | 21/28 | €425,157 | €391,013 | -€34,144 | -8.0% |
| Tangible fixed assets | 22/27 | €425,157 | €391,013 | -€34,144 | -8.0% |
| Land and buildings | 22 | €347,527 | €329,318 | -€18,209 | -5.2% |
| Plant, machinery and equipment | 23 | €14,441 | €12,958 | -€1,483 | -10.3% |
| Furniture and vehicles | 24 | €63,188 | €48,737 | -€14,451 | -22.9% |
| Current assets | 29/58 | €1,131,265 | €1,523,907 | +€392,643 | +34.7% |
| Amounts receivable within one year | 40/41 | €158,987 | €192,185 | +€33,199 | +20.9% |
| Trade receivables | 40 | €116,366 | €192,185 | +€75,819 | +65.2% |
| Other amounts receivable | 41 | €42,621 | €0 | -€42,621 | -100.0% |
| Current investments | 50/53 | €800,000 | €1,100,000 | +€300,000 | +37.5% |
| Cash at bank and in hand | 54/58 | €172,202 | €231,380 | +€59,179 | +34.4% |
| Deferred charges and accrued income | 490/1 | €76 | €342 | +€266 | +348.8% |
| Total equity and liabilities | 10/49 | €1,556,421 | €1,914,921 | +€358,499 | +23.0% |
| Equity | 10/15 | €1,134,377 | €1,416,510 | +€282,133 | +24.9% |
| Contributions | 10/11 | €236,200 | €236,200 | = | 0.0% |
| Reserves | 13 | €898,177 | €1,180,310 | +€282,133 | +31.4% |
| Distributable reserves | 133 | €898,177 | €1,180,310 | +€282,133 | +31.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €422,045 | €498,411 | +€76,367 | +18.1% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €199,164 | €275,204 | +€76,040 | +38.2% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €6,095 | €2,216 | -€3,878 | -63.6% |
| Suppliers | 440/4 | €6,095 | €2,216 | -€3,878 | -63.6% |
| Taxes, remuneration and social security | 45 | €74,846 | €135,530 | +€60,684 | +81.1% |
| Taxes | 450/3 | €74,846 | €131,222 | +€56,376 | +75.3% |
| Remuneration and social security | 454/9 | - | €4,308 | +€4,308 | |
| Other amounts payable | 47/48 | €118,223 | €137,458 | +€19,235 | +16.3% |
| Accrued charges and deferred income | 492/3 | €22,881 | €23,207 | +€326 | +1.4% |
| Remuneration, social security and pensions | 62 | - | €19,831 | +€19,831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,668 | €35,524 | +€2,856 | +8.7% |
| Other operating charges | 640/8 | €4,567 | €3,458 | -€1,109 | -24.3% |
| Gross operating margin | 9900 | €627,587 | €543,114 | -€84,472 | -13.5% |
| Operating profit (loss) | 9901 | €590,352 | €484,301 | -€106,050 | -18.0% |
| Financial income | 75/76B | €14,629 | €15,729 | +€1,100 | +7.5% |
| Recurring financial income | 75 | €14,629 | €15,729 | +€1,100 | +7.5% |
| Financial charges | 65/66B | €24,926 | €23,480 | -€1,446 | -5.8% |
| Recurring financial charges | 65 | €24,926 | €23,480 | -€1,446 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €580,055 | €476,550 | -€103,505 | -17.8% |
| Income taxes | 67/77 | €186,161 | €152,546 | -€33,615 | -18.1% |
| Profit (loss) for the period | 9904 | €393,894 | €324,004 | -€69,890 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €393,894 | €324,004 | -€69,890 | -17.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.