PowerPulse: 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.
PowerPulse
Largest movements
- Financial fixed assets -€708,349
down €708,349 (-91.3%), from €776,224 to €67,875
- Intangible fixed assets +€442,109
new in 2025: €442,109
- Cash -€270,580
down €270,580 (-50.2%), from €538,700 to €268,120
mainly Other debts (-€365,134) and Contributions, distributions and other (-€81,824)
- Tangible fixed assets +€234,113
up €234,113 (+165%), from €141,694 to €375,807
of which Land and buildings: +€244,188
- Receivables within one year -€53,414
down €53,414 (-5.5%), from €977,939 to €924,524
of which Trade receivables: -€153,555
- Other debts -€365,134
down €365,134 (-24.5%), from €1.5m to €1.1m
- Reserves +€144,163
up €144,163 (+24.3%), from €593,850 to €738,013
of which Distributable reserves: +€146,343
- Debts after one year -€55,748
down €55,748 (-39.5%), from €141,257 to €85,508
of which Financial debts: -€61,248
- Trade debts +€47,670
up €47,670 (+44.7%), from €106,597 to €154,267
- Tax, wage and social debts -€45,881
down €45,881 (-15.1%), from €303,614 to €257,733
of which Taxes: -€74,436
- Gross operating margin -€486,670
down €486,670 (-22.9%), from €2.1m to €1.6m
- Staff costs +€302,010
up €302,010 (+30.9%), from €977,202 to €1.3m
- Taxes -€178,257
down €178,257 (-68.1%), from €261,636 to €83,379
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 | €2,906,815 | €2,585,463 | -€321,352 | -11.1% |
| Fixed assets | 21/28 | €917,918 | €885,791 | -€32,127 | -3.5% |
| Intangible fixed assets | 21 | - | €442,109 | +€442,109 | |
| Tangible fixed assets | 22/27 | €141,694 | €375,807 | +€234,113 | +165% |
| Land and buildings | 22 | - | €244,188 | +€244,188 | |
| Plant, machinery and equipment | 23 | €16,211 | €19,486 | +€3,275 | +20.2% |
| Furniture and vehicles | 24 | €120,520 | €107,759 | -€12,761 | -10.6% |
| Other tangible fixed assets | 26 | €4,963 | €4,375 | -€589 | -11.9% |
| Financial fixed assets | 28 | €776,224 | €67,875 | -€708,349 | -91.3% |
| Current assets | 29/58 | €1,988,897 | €1,699,672 | -€289,225 | -14.5% |
| Amounts receivable within one year | 40/41 | €977,939 | €924,524 | -€53,414 | -5.5% |
| Trade receivables | 40 | €921,907 | €768,353 | -€153,555 | -16.7% |
| Other amounts receivable | 41 | €56,031 | €156,172 | +€100,140 | +179% |
| Current investments | 50/53 | €425,266 | €423,085 | -€2,181 | -0.5% |
| Cash at bank and in hand | 54/58 | €538,700 | €268,120 | -€270,580 | -50.2% |
| Deferred charges and accrued income | 490/1 | €46,992 | €83,943 | +€36,951 | +78.6% |
| Total equity and liabilities | 10/49 | €2,906,815 | €2,585,463 | -€321,352 | -11.1% |
| Equity | 10/15 | €694,869 | €818,013 | +€123,144 | +17.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €593,850 | €738,013 | +€144,163 | +24.3% |
| Non-distributable reserves | 130/1 | €425,266 | €423,085 | -€2,181 | -0.5% |
| Own shares acquired | 1312 | €425,266 | €423,085 | -€2,181 | -0.5% |
| Distributable reserves | 133 | €168,584 | €314,928 | +€146,343 | +86.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €21,019 | €0 | -€21,019 | -100% |
| Amounts payable | 17/49 | €2,211,946 | €1,767,451 | -€444,495 | -20.1% |
| Amounts payable after more than one year | 17 | €141,257 | €85,508 | -€55,748 | -39.5% |
| Financial debts | 170/4 | €141,257 | €80,008 | -€61,248 | -43.4% |
| Other amounts payable | 178/9 | - | €5,500 | +€5,500 | |
| Amounts payable within one year | 42/48 | €2,033,255 | €1,681,942 | -€351,313 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €100,050 | €87,248 | -€12,802 | -12.8% |
| Financial debts | 43 | €33,807 | €58,641 | +€24,834 | +73.5% |
| Credit institutions | 430/8 | €33,807 | €58,641 | +€24,834 | +73.5% |
| Trade debts | 44 | €106,597 | €154,267 | +€47,670 | +44.7% |
| Suppliers | 440/4 | €106,597 | €154,267 | +€47,670 | +44.7% |
| Taxes, remuneration and social security | 45 | €303,614 | €257,733 | -€45,881 | -15.1% |
| Taxes | 450/3 | €202,108 | €127,672 | -€74,436 | -36.8% |
| Remuneration and social security | 454/9 | €101,506 | €130,061 | +€28,555 | +28.1% |
| Other amounts payable | 47/48 | €1,489,187 | €1,124,054 | -€365,134 | -24.5% |
| Accrued charges and deferred income | 492/3 | €37,434 | €0 | -€37,434 | -100% |
| Remuneration, social security and pensions | 62 | €977,202 | €1,279,212 | +€302,010 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,769 | €67,701 | +€5,932 | +9.6% |
| Other operating charges | 640/8 | €4,586 | €3,887 | -€699 | -15.2% |
| Gross operating margin | 9900 | €2,125,775 | €1,639,105 | -€486,670 | -22.9% |
| Operating profit (loss) | 9901 | €1,082,218 | €288,305 | -€793,913 | -73.4% |
| Financial income | 75/76B | €37,724 | €24,555 | -€13,169 | -34.9% |
| Recurring financial income | 75 | €30,797 | €72 | -€30,725 | -99.8% |
| Non-recurring financial income | 76B | €6,928 | €24,483 | +€17,556 | +253% |
| Financial charges | 65/66B | €15,237 | €24,514 | +€9,277 | +60.9% |
| Recurring financial charges | 65 | €15,237 | €22,892 | +€7,655 | +50.2% |
| Non-recurring financial charges | 66B | - | €1,622 | +€1,622 | |
| Profit (loss) for the period before taxes | 9903 | €1,104,705 | €288,346 | -€816,359 | -73.9% |
| Income taxes | 67/77 | €261,636 | €83,379 | -€178,257 | -68.1% |
| Profit (loss) for the period | 9904 | €843,069 | €204,967 | -€638,102 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €843,069 | €204,967 | -€638,102 | -75.7% |
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 16 October 2026 via checked.be.