POWERNAUT: 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.
POWERNAUT
Largest movements
- Current investments -€699,978
down €699,978 (-30.4%), from €2.3m to €1.6m
- Intangible fixed assets +€602,617
new in 2025: €602,617
- Receivables within one year +€49,062
up €49,062 (+153.4%), from €31,992 to €81,054
of which Other amounts receivable: +€27,839
- Profit (loss) carried forward -€175,189
down €175,189 (-696.1%), from -€25,167 to -€200,356
- Tax, wage and social debts +€77,130
up €77,130 (+16143.7%), from €478 to €77,607
of which Remuneration and social security: +€71,533
- Trade debts +€46,165
up €46,165 (+258.0%), from €17,890 to €64,055
- Staff costs +€461,436
up €461,436 (+7038.7%), from €6,556 to €467,992
- Gross operating margin +€310,451
up €310,451, from -€17,466 to €292,985
- Financial income +€36,387
up €36,387 (+1864.4%), from €1,952 to €38,339
- Depreciation +€30,253
up €30,253 (+1072.6%), from €2,821 to €33,074
- Financial charges +€2,981
up €2,981 (+1099.3%), from €271 to €3,252
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 | €2,415,560 | €2,366,163 | -€49,397 | -2.0% |
| Formation expenses | 20 | €321 | €0 | -€321 | -100.0% |
| Fixed assets | 21/28 | €8,915 | €625,143 | +€616,228 | +6912.4% |
| Intangible fixed assets | 21 | - | €602,617 | +€602,617 | |
| Tangible fixed assets | 22/27 | €8,490 | €22,250 | +€13,761 | +162.1% |
| Plant, machinery and equipment | 23 | €8,490 | €12,590 | +€4,100 | +48.3% |
| Furniture and vehicles | 24 | - | €9,661 | +€9,661 | |
| Financial fixed assets | 28 | €425 | €275 | -€150 | -35.3% |
| Current assets | 29/58 | €2,406,325 | €1,741,020 | -€665,304 | -27.6% |
| Amounts receivable within one year | 40/41 | €31,992 | €81,054 | +€49,062 | +153.4% |
| Trade receivables | 40 | €20,691 | €41,915 | +€21,224 | +102.6% |
| Other amounts receivable | 41 | €11,301 | €39,140 | +€27,839 | +246.3% |
| Current investments | 50/53 | €2,300,000 | €1,600,022 | -€699,978 | -30.4% |
| Cash at bank and in hand | 54/58 | €64,441 | €47,884 | -€16,557 | -25.7% |
| Deferred charges and accrued income | 490/1 | €9,892 | €12,059 | +€2,168 | +21.9% |
| Total equity and liabilities | 10/49 | €2,415,560 | €2,366,163 | -€49,397 | -2.0% |
| Equity | 10/15 | €2,390,921 | €2,215,732 | -€175,189 | -7.3% |
| Contributions | 10/11 | €2,416,088 | €2,416,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,167 | -€200,356 | -€175,189 | -696.1% |
| Amounts payable | 17/49 | €24,639 | €150,431 | +€125,792 | +510.5% |
| Amounts payable within one year | 42/48 | €23,089 | €150,431 | +€127,342 | +551.5% |
| Financial debts | 43 | €4,305 | €6,273 | +€1,968 | +45.7% |
| Credit institutions | 430/8 | €4,305 | €6,273 | +€1,968 | +45.7% |
| Trade debts | 44 | €17,890 | €64,055 | +€46,165 | +258.0% |
| Suppliers | 440/4 | €17,890 | €64,055 | +€46,165 | +258.0% |
| Taxes, remuneration and social security | 45 | €478 | €77,607 | +€77,130 | +16143.7% |
| Taxes | 450/3 | €6 | €5,603 | +€5,597 | +99945.0% |
| Remuneration and social security | 454/9 | €472 | €72,005 | +€71,533 | +15149.8% |
| Other amounts payable | 47/48 | €416 | €2,496 | +€2,079 | +499.4% |
| Accrued charges and deferred income | 492/3 | €1,550 | €0 | -€1,550 | -100.0% |
| Remuneration, social security and pensions | 62 | €6,556 | €467,992 | +€461,436 | +7038.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,821 | €33,074 | +€30,253 | +1072.6% |
| Other operating charges | 640/8 | - | €2,195 | +€2,195 | |
| Gross operating margin | 9900 | -€17,466 | €292,985 | +€310,451 | |
| Operating profit (loss) | 9901 | -€26,842 | -€210,276 | -€183,434 | -683.4% |
| Financial income | 75/76B | €1,952 | €38,339 | +€36,387 | +1864.4% |
| Recurring financial income | 75 | €1,952 | €38,339 | +€36,387 | +1864.4% |
| Financial charges | 65/66B | €271 | €3,252 | +€2,981 | +1099.3% |
| Recurring financial charges | 65 | €271 | €3,252 | +€2,981 | +1099.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,162 | -€175,189 | -€150,028 | -596.3% |
| Income taxes | 67/77 | €6 | €0 | -€6 | -100.0% |
| Profit (loss) for the period | 9904 | -€25,167 | -€175,189 | -€150,022 | -596.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,167 | -€175,189 | -€150,022 | -596.1% |
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.