POWERON: 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.
POWERON
Largest movements
- Cash +€54,851
up €54,851 (+112%), from €48,880 to €103,731
mainly Stocks and contracts (+€30,126) and Depreciation (+€19,454)
- Stocks and contracts -€30,126
down €30,126 (-34.8%), from €86,504 to €56,378
- Tangible fixed assets -€19,454
down €19,454 (-11.6%), from €167,126 to €147,672
- Receivables within one year -€10,139
down €10,139 (-86.3%), from €11,750 to €1,611
- Trade debts +€16,496
up €16,496 (+359%), from €4,589 to €21,085
- Debts after one year -€15,384
down €15,384 (-22.4%), from €68,753 to €53,369
- Current portion of long-term debt -€6,127
down €6,127 (-28.5%), from €21,511 to €15,384
- Reserves +€4,904
up €4,904 (+4.5%), from €109,318 to €114,223
- Other debts -€4,679
down €4,679 (-17.2%), from €27,202 to €22,523
- Gross operating margin -€10,764
down €10,764 (-24.8%), from €43,434 to €32,669
- Financial charges -€6,476
down €6,476 (-89.7%), from €7,221 to €745
- Other operating charges +€832
up €832 (+39.2%), from €2,124 to €2,956
- Taxes -€738
down €738 (-13.8%), from €5,349 to €4,610
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,783 | €310,456 | -€4,327 | -1.4% |
| Fixed assets | 21/28 | €167,126 | €147,672 | -€19,454 | -11.6% |
| Tangible fixed assets | 22/27 | €167,126 | €147,672 | -€19,454 | -11.6% |
| Land and buildings | 22 | €149,985 | €140,787 | -€9,198 | -6.1% |
| Plant, machinery and equipment | 23 | €3,480 | €733 | -€2,746 | -78.9% |
| Furniture and vehicles | 24 | €13,661 | €6,152 | -€7,510 | -55.0% |
| Current assets | 29/58 | €147,656 | €162,783 | +€15,127 | +10.2% |
| Stocks and contracts in progress | 3 | €86,504 | €56,378 | -€30,126 | -34.8% |
| Stocks | 30/36 | €86,504 | €56,378 | -€30,126 | -34.8% |
| Amounts receivable within one year | 40/41 | €11,750 | €1,611 | -€10,139 | -86.3% |
| Trade receivables | 40 | €11,750 | €1,611 | -€10,139 | -86.3% |
| Cash at bank and in hand | 54/58 | €48,880 | €103,731 | +€54,851 | +112% |
| Deferred charges and accrued income | 490/1 | €523 | €1,064 | +€541 | +103% |
| Total equity and liabilities | 10/49 | €314,783 | €310,456 | -€4,327 | -1.4% |
| Equity | 10/15 | €174,318 | €179,223 | +€4,904 | +2.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €109,318 | €114,223 | +€4,904 | +4.5% |
| Distributable reserves | 133 | €109,318 | €114,223 | +€4,904 | +4.5% |
| Amounts payable | 17/49 | €140,464 | €131,233 | -€9,231 | -6.6% |
| Amounts payable after more than one year | 17 | €68,753 | €53,369 | -€15,384 | -22.4% |
| Financial debts | 170/4 | €68,753 | €53,369 | -€15,384 | -22.4% |
| Amounts payable within one year | 42/48 | €71,711 | €77,864 | +€6,153 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €21,511 | €15,384 | -€6,127 | -28.5% |
| Trade debts | 44 | €4,589 | €21,085 | +€16,496 | +359% |
| Suppliers | 440/4 | €4,589 | €21,085 | +€16,496 | +359% |
| Taxes, remuneration and social security | 45 | €18,408 | €18,872 | +€463 | +2.5% |
| Taxes | 450/3 | €18,408 | €18,872 | +€463 | +2.5% |
| Other amounts payable | 47/48 | €27,202 | €22,523 | -€4,679 | -17.2% |
| Non-recurring operating income | 76A | €1,600 | €1,903 | +€303 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,756 | €19,454 | -€302 | -1.5% |
| Other operating charges | 640/8 | €2,124 | €2,956 | +€832 | +39.2% |
| Gross operating margin | 9900 | €43,434 | €32,669 | -€10,764 | -24.8% |
| Operating profit (loss) | 9901 | €21,554 | €10,260 | -€11,295 | -52.4% |
| Financial charges | 65/66B | €7,221 | €745 | -€6,476 | -89.7% |
| Recurring financial charges | 65 | €7,221 | €745 | -€6,476 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | €14,333 | €9,515 | -€4,818 | -33.6% |
| Income taxes | 67/77 | €5,349 | €4,610 | -€738 | -13.8% |
| Profit (loss) for the period | 9904 | €8,984 | €4,904 | -€4,080 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,984 | €4,904 | -€4,080 | -45.4% |
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 20 October 2026 via checked.be.