POWERSUN: 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.
POWERSUN
Largest movements
- Current investments +€70,785
new in 2025: €70,785
- Tangible fixed assets -€45,519
down €45,519 (-7.3%), from €624,873 to €579,354
of which Plant, machinery and equipment: -€32,399
- Reserves +€50,837
up €50,837 (+28.2%), from €180,294 to €231,131
- Debts after one year -€28,625
down €28,625 (-6.1%), from €471,066 to €442,442
of which Financial debts: -€27,625
- Current portion of long-term debt -€10,081
down €10,081 (-26.7%), from €37,705 to €27,625
- Tax, wage and social debts +€9,412
up €9,412 (+90.7%), from €10,380 to €19,792
of which Taxes: +€10,450
- Other debts +€9,028
up €9,028 (+15578.4%), from €58 to €9,086
- Gross operating margin +€17,861
up €17,861 (+10.4%), from €171,849 to €189,711
- Financial charges +€7,343
up €7,343 (+111.0%), from €6,617 to €13,960
- Taxes +€3,443
up €3,443 (+22.6%), from €15,248 to €18,691
- Staff costs +€2,618
up €2,618 (+8.6%), from €30,377 to €32,995
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 | €725,928 | €753,829 | +€27,902 | +3.8% |
| Fixed assets | 21/28 | €625,598 | €580,079 | -€45,519 | -7.3% |
| Tangible fixed assets | 22/27 | €624,873 | €579,354 | -€45,519 | -7.3% |
| Land and buildings | 22 | €506,032 | €497,767 | -€8,265 | -1.6% |
| Plant, machinery and equipment | 23 | €95,944 | €63,545 | -€32,399 | -33.8% |
| Furniture and vehicles | 24 | €9,134 | €6,168 | -€2,966 | -32.5% |
| Other tangible fixed assets | 26 | €13,763 | €11,873 | -€1,889 | -13.7% |
| Financial fixed assets | 28 | €725 | €725 | = | 0.0% |
| Current assets | 29/58 | €100,330 | €173,751 | +€73,421 | +73.2% |
| Stocks and contracts in progress | 3 | €5,212 | €5,259 | +€47 | +0.9% |
| Stocks | 30/36 | €5,212 | €5,259 | +€47 | +0.9% |
| Amounts receivable within one year | 40/41 | €4,204 | €5,618 | +€1,414 | +33.6% |
| Trade receivables | 40 | €4,204 | €5,587 | +€1,383 | +32.9% |
| Other amounts receivable | 41 | - | €31 | +€31 | |
| Current investments | 50/53 | - | €70,785 | +€70,785 | |
| Cash at bank and in hand | 54/58 | €88,997 | €90,194 | +€1,197 | +1.3% |
| Deferred charges and accrued income | 490/1 | €1,917 | €1,895 | -€22 | -1.2% |
| Total equity and liabilities | 10/49 | €725,928 | €753,829 | +€27,902 | +3.8% |
| Equity | 10/15 | €198,894 | €249,731 | +€50,837 | +25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,294 | €231,131 | +€50,837 | +28.2% |
| Distributable reserves | 133 | €180,294 | €231,131 | +€50,837 | +28.2% |
| Amounts payable | 17/49 | €527,034 | €504,099 | -€22,935 | -4.4% |
| Amounts payable after more than one year | 17 | €471,066 | €442,442 | -€28,625 | -6.1% |
| Financial debts | 170/4 | €152,066 | €124,442 | -€27,625 | -18.2% |
| Other amounts payable | 178/9 | €319,000 | €318,000 | -€1,000 | -0.3% |
| Amounts payable within one year | 42/48 | €54,711 | €59,598 | +€4,887 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €37,705 | €27,625 | -€10,081 | -26.7% |
| Trade debts | 44 | €6,568 | €3,096 | -€3,472 | -52.9% |
| Suppliers | 440/4 | €6,568 | €3,096 | -€3,472 | -52.9% |
| Taxes, remuneration and social security | 45 | €10,380 | €19,792 | +€9,412 | +90.7% |
| Taxes | 450/3 | €7,105 | €17,555 | +€10,450 | +147.1% |
| Remuneration and social security | 454/9 | €3,275 | €2,237 | -€1,037 | -31.7% |
| Other amounts payable | 47/48 | €58 | €9,086 | +€9,028 | +15578.4% |
| Accrued charges and deferred income | 492/3 | €1,257 | €2,059 | +€802 | +63.8% |
| Remuneration, social security and pensions | 62 | €30,377 | €32,995 | +€2,618 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,093 | €66,790 | +€1,698 | +2.6% |
| Other operating charges | 640/8 | €6,735 | €7,021 | +€286 | +4.2% |
| Gross operating margin | 9900 | €171,849 | €189,711 | +€17,861 | +10.4% |
| Operating profit (loss) | 9901 | €69,645 | €82,905 | +€13,260 | +19.0% |
| Financial income | 75/76B | €795 | €583 | -€213 | -26.7% |
| Recurring financial income | 75 | €795 | €583 | -€213 | -26.7% |
| Financial charges | 65/66B | €6,617 | €13,960 | +€7,343 | +111.0% |
| Recurring financial charges | 65 | €6,617 | €13,960 | +€7,343 | +111.0% |
| Profit (loss) for the period before taxes | 9903 | €63,823 | €69,527 | +€5,705 | +8.9% |
| Income taxes | 67/77 | €15,248 | €18,691 | +€3,443 | +22.6% |
| Profit (loss) for the period | 9904 | €48,574 | €50,837 | +€2,262 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,574 | €50,837 | +€2,262 | +4.7% |
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 8 October 2026 via checked.be.