PowerTrees: 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.
PowerTrees
Largest movements
- Receivables within one year +€85,836
up €85,836 (+210.1%), from €40,853 to €126,689
of which Trade receivables: +€85,836
- Cash +€31,991
up €31,991 (+345.9%), from €9,248 to €41,239
mainly Net result for the year (+€30,562) and Accrued charges and deferred income (+€30,051)
- Tangible fixed assets -€14,468
down €14,468 (-26.3%), from €54,956 to €40,488
of which Plant, machinery and equipment: -€9,513
- Stocks and contracts -€14,007
down €14,007 (-49.2%), from €28,474 to €14,468
- Intangible fixed assets -€8,671
down €8,671 (-27.5%), from €31,539 to €22,868
- Accrued charges and deferred income +€30,051
new in 2025: €30,051
- Tax, wage and social debts +€24,914
up €24,914 (+1723.8%), from €1,445 to €26,359
- Reserves +€19,700
new in 2025: €19,700
- Other debts +€19,410
up €19,410 (+71.3%), from €27,219 to €46,629
- Profit (loss) carried forward -€6,138
down €6,138 (-100.0%), from €6,138 to €0
- Gross operating margin +€26,261
up €26,261 (+70.4%), from €37,278 to €63,539
- Taxes +€2,604
new in 2025: €2,604
- Financial charges -€1,275
down €1,275 (-80.3%), from €1,589 to €314
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 | €166,836 | €247,127 | +€80,291 | +48.1% |
| Fixed assets | 21/28 | €86,495 | €63,356 | -€23,139 | -26.8% |
| Intangible fixed assets | 21 | €31,539 | €22,868 | -€8,671 | -27.5% |
| Tangible fixed assets | 22/27 | €54,956 | €40,488 | -€14,468 | -26.3% |
| Plant, machinery and equipment | 23 | €41,836 | €32,323 | -€9,513 | -22.7% |
| Furniture and vehicles | 24 | €13,119 | €8,165 | -€4,955 | -37.8% |
| Current assets | 29/58 | €80,341 | €183,771 | +€103,430 | +128.7% |
| Stocks and contracts in progress | 3 | €28,474 | €14,468 | -€14,007 | -49.2% |
| Stocks | 30/36 | €28,474 | €14,468 | -€14,007 | -49.2% |
| Amounts receivable within one year | 40/41 | €40,853 | €126,689 | +€85,836 | +210.1% |
| Trade receivables | 40 | €40,853 | €126,689 | +€85,836 | +210.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,248 | €41,239 | +€31,991 | +345.9% |
| Deferred charges and accrued income | 490/1 | €1,766 | €1,375 | -€391 | -22.1% |
| Total equity and liabilities | 10/49 | €166,836 | €247,127 | +€80,291 | +48.1% |
| Equity | 10/15 | €116,138 | €129,700 | +€13,562 | +11.7% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | - | €19,700 | +€19,700 | |
| Distributable reserves | 133 | - | €19,700 | +€19,700 | |
| Profit (loss) carried forward | 14 | €6,138 | €0 | -€6,138 | -100.0% |
| Amounts payable | 17/49 | €50,698 | €117,426 | +€66,728 | +131.6% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,698 | €77,375 | +€36,677 | +90.1% |
| Trade debts | 44 | €10,116 | €4,387 | -€5,729 | -56.6% |
| Suppliers | 440/4 | €10,116 | €4,387 | -€5,729 | -56.6% |
| Advances received on contracts in progress | 46 | €1,918 | €0 | -€1,918 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,445 | €26,359 | +€24,914 | +1723.8% |
| Taxes | 450/3 | €1,445 | €26,359 | +€24,914 | +1723.8% |
| Other amounts payable | 47/48 | €27,219 | €46,629 | +€19,410 | +71.3% |
| Accrued charges and deferred income | 492/3 | - | €30,051 | +€30,051 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,006 | €28,800 | -€206 | -0.7% |
| Other operating charges | 640/8 | €714 | €1,259 | +€545 | +76.4% |
| Gross operating margin | 9900 | €37,278 | €63,539 | +€26,261 | +70.4% |
| Operating profit (loss) | 9901 | €7,558 | €33,480 | +€25,923 | +343.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,589 | €314 | -€1,275 | -80.3% |
| Recurring financial charges | 65 | €1,589 | €314 | -€1,275 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | €5,969 | €33,167 | +€27,198 | +455.7% |
| Income taxes | 67/77 | - | €2,604 | +€2,604 | |
| Profit (loss) for the period | 9904 | €5,969 | €30,562 | +€24,594 | +412.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,969 | €30,562 | +€24,594 | +412.0% |
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 5 October 2026 via checked.be.