POWERVIEW: 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.
POWERVIEW
Largest movements
- Tangible fixed assets +€25,509
up €25,509 (+49.7%), from €51,373 to €76,882
of which Plant, machinery and equipment: +€22,241
- Receivables within one year -€21,574
down €21,574 (-27.8%), from €77,563 to €55,989
of which Other amounts receivable: -€20,310
- Stocks and contracts +€6,945
up €6,945 (+7.9%), from €88,332 to €95,278
- Cash -€3,803
down €3,803 (-7.9%), from €48,030 to €44,226
mainly Contributions, distributions and other (-€76,800) and Investment in fixed assets (net) (-€31,713)
- Reserves -€67,791
down €67,791 (-89.3%), from €75,954 to €8,163
- Other debts +€64,339
up €64,339 (+75.7%), from €85,000 to €149,339
- Trade debts +€18,630
up €18,630 (+36.7%), from €50,771 to €69,400
- Debts after one year -€8,738
down €8,738 (-56.4%), from €15,494 to €6,755
- Gross operating margin -€108,223
down €108,223 (-59.4%), from €182,219 to €73,996
- Staff costs -€22,782
down €22,782 (-37.7%), from €60,471 to €37,689
- Taxes -€22,242
down €22,242 (-82.3%), from €27,025 to €4,783
- Other operating charges +€12,780
up €12,780 (+560%), from €2,280 to €15,060
- Depreciation -€7,921
down €7,921 (-56.1%), from €14,126 to €6,205
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 | €268,235 | €275,850 | +€7,615 | +2.8% |
| Fixed assets | 21/28 | €51,373 | €76,882 | +€25,509 | +49.7% |
| Tangible fixed assets | 22/27 | €51,373 | €76,882 | +€25,509 | +49.7% |
| Plant, machinery and equipment | 23 | €9,426 | €31,668 | +€22,241 | +236% |
| Furniture and vehicles | 24 | €41,947 | €45,214 | +€3,267 | +7.8% |
| Current assets | 29/58 | €216,862 | €198,969 | -€17,893 | -8.3% |
| Stocks and contracts in progress | 3 | €88,332 | €95,278 | +€6,945 | +7.9% |
| Stocks | 30/36 | €88,332 | €95,278 | +€6,945 | +7.9% |
| Amounts receivable within one year | 40/41 | €77,563 | €55,989 | -€21,574 | -27.8% |
| Trade receivables | 40 | €56,045 | €54,782 | -€1,263 | -2.3% |
| Other amounts receivable | 41 | €21,517 | €1,207 | -€20,310 | -94.4% |
| Cash at bank and in hand | 54/58 | €48,030 | €44,226 | -€3,803 | -7.9% |
| Deferred charges and accrued income | 490/1 | €2,937 | €3,476 | +€539 | +18.3% |
| Total equity and liabilities | 10/49 | €268,235 | €275,850 | +€7,615 | +2.8% |
| Equity | 10/15 | €94,554 | €26,763 | -€67,791 | -71.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,954 | €8,163 | -€67,791 | -89.3% |
| Distributable reserves | 133 | €75,954 | €8,163 | -€67,791 | -89.3% |
| Amounts payable | 17/49 | €173,681 | €249,088 | +€75,407 | +43.4% |
| Amounts payable after more than one year | 17 | €15,494 | €6,755 | -€8,738 | -56.4% |
| Financial debts | 170/4 | €15,494 | €6,755 | -€8,738 | -56.4% |
| Amounts payable within one year | 42/48 | €157,751 | €242,332 | +€84,581 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €8,441 | €8,738 | +€297 | +3.5% |
| Trade debts | 44 | €50,771 | €69,400 | +€18,630 | +36.7% |
| Suppliers | 440/4 | €50,771 | €69,400 | +€18,630 | +36.7% |
| Taxes, remuneration and social security | 45 | €13,540 | €14,855 | +€1,315 | +9.7% |
| Taxes | 450/3 | €2,395 | €14,855 | +€12,460 | +520% |
| Remuneration and social security | 454/9 | €11,144 | - | -€11,144 | |
| Other amounts payable | 47/48 | €85,000 | €149,339 | +€64,339 | +75.7% |
| Accrued charges and deferred income | 492/3 | €435 | - | -€435 | |
| Remuneration, social security and pensions | 62 | €60,471 | €37,689 | -€22,782 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,126 | €6,205 | -€7,921 | -56.1% |
| Other operating charges | 640/8 | €2,280 | €15,060 | +€12,780 | +560% |
| Gross operating margin | 9900 | €182,219 | €73,996 | -€108,223 | -59.4% |
| Operating profit (loss) | 9901 | €105,342 | €15,042 | -€90,300 | -85.7% |
| Financial income | 75/76B | €523 | - | -€523 | |
| Recurring financial income | 75 | €523 | - | -€523 | |
| Financial charges | 65/66B | €735 | €1,251 | +€516 | +70.2% |
| Recurring financial charges | 65 | €735 | €1,251 | +€516 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €105,130 | €13,791 | -€91,338 | -86.9% |
| Income taxes | 67/77 | €27,025 | €4,783 | -€22,242 | -82.3% |
| Profit (loss) for the period | 9904 | €78,105 | €9,009 | -€69,096 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,105 | €9,009 | -€69,096 | -88.5% |
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 22 October 2026 via checked.be.