POWERSERVICE: 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.
POWERSERVICE
Largest movements
- Cash +€34,163
up €34,163 (+12.3%), from €276,727 to €310,890
mainly Net result for the year (+€66,046) and Accrued charges and deferred income (+€28,055)
- Financial fixed assets +€23,740
up €23,740 (+4.0%), from €588,990 to €612,730
- Receivables within one year +€11,099
up €11,099 (+48.2%), from €23,020 to €34,119
of which Trade receivables: +€10,032
- Accrued charges and deferred income +€28,055
up €28,055 (+10.2%), from €274,142 to €302,197
- Reserves +€16,046
up €16,046 (+2.9%), from €547,812 to €563,858
of which Distributable reserves: +€16,046
- Tax, wage and social debts +€10,049
up €10,049 (+86.3%), from €11,647 to €21,697
- Other operating charges -€42,908
down €42,908 (-94.6%), from €45,380 to €2,472
- Financial income +€9,960
up €9,960 (+18834.2%), from €53 to €10,012
- Gross operating margin -€5,514
down €5,514 (-6.2%), from €88,470 to €82,955
- Taxes -€4,980
down €4,980 (-20.8%), from €23,985 to €19,005
- Financial charges +€3,927
up €3,927 (+1633.7%), from €240 to €4,167
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 | €903,146 | €966,219 | +€63,073 | +7.0% |
| Fixed assets | 21/28 | €598,748 | €621,210 | +€22,462 | +3.8% |
| Tangible fixed assets | 22/27 | €9,757 | €8,480 | -€1,277 | -13.1% |
| Plant, machinery and equipment | 23 | €3,257 | €1,980 | -€1,277 | -39.2% |
| Furniture and vehicles | 24 | €6,500 | €6,500 | = | 0.0% |
| Financial fixed assets | 28 | €588,990 | €612,730 | +€23,740 | +4.0% |
| Current assets | 29/58 | €304,398 | €345,009 | +€40,611 | +13.3% |
| Amounts receivable within one year | 40/41 | €23,020 | €34,119 | +€11,099 | +48.2% |
| Trade receivables | 40 | €7,838 | €17,870 | +€10,032 | +128.0% |
| Other amounts receivable | 41 | €15,182 | €16,250 | +€1,068 | +7.0% |
| Cash at bank and in hand | 54/58 | €276,727 | €310,890 | +€34,163 | +12.3% |
| Deferred charges and accrued income | 490/1 | €4,652 | €0 | -€4,652 | -100.0% |
| Total equity and liabilities | 10/49 | €903,146 | €966,219 | +€63,073 | +7.0% |
| Equity | 10/15 | €566,812 | €582,858 | +€16,046 | +2.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €547,812 | €563,858 | +€16,046 | +2.9% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,505 | €5,505 | = | 0.0% |
| Distributable reserves | 133 | €540,406 | €556,453 | +€16,046 | +3.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €336,334 | €383,361 | +€47,027 | +14.0% |
| Amounts payable within one year | 42/48 | €62,192 | €81,164 | +€18,972 | +30.5% |
| Trade debts | 44 | €0 | €215 | +€215 | |
| Suppliers | 440/4 | €0 | €215 | +€215 | |
| Taxes, remuneration and social security | 45 | €11,647 | €21,697 | +€10,049 | +86.3% |
| Taxes | 450/3 | €11,647 | €21,697 | +€10,049 | +86.3% |
| Other amounts payable | 47/48 | €50,544 | €59,252 | +€8,707 | +17.2% |
| Accrued charges and deferred income | 492/3 | €274,142 | €302,197 | +€28,055 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,277 | €1,277 | = | 0.0% |
| Other operating charges | 640/8 | €45,380 | €2,472 | -€42,908 | -94.6% |
| Gross operating margin | 9900 | €88,470 | €82,955 | -€5,514 | -6.2% |
| Operating profit (loss) | 9901 | €41,812 | €79,206 | +€37,394 | +89.4% |
| Financial income | 75/76B | €53 | €10,012 | +€9,960 | +18834.2% |
| Recurring financial income | 75 | €53 | €10,012 | +€9,960 | +18834.2% |
| Financial charges | 65/66B | €240 | €4,167 | +€3,927 | +1633.7% |
| Recurring financial charges | 65 | €240 | €4,167 | +€3,927 | +1633.7% |
| Profit (loss) for the period before taxes | 9903 | €41,625 | €85,051 | +€43,427 | +104.3% |
| Income taxes | 67/77 | €23,985 | €19,005 | -€4,980 | -20.8% |
| Profit (loss) for the period | 9904 | €17,639 | €66,046 | +€48,407 | +274.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,639 | €66,046 | +€48,407 | +274.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.