POWERWHEELS: 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.
What changed
POWERWHEELS
NACE 46.730, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,305
2024 · €5,851+€1,454
Equity
€218,422
2024 · €211,117+€7,305
Cash
€14,575
2024 · €17,048-€2,473
Balance sheet total
€1.8m
2024 · €1.7m+€10,606
Largest movements
Assets
- Stocks and contracts +€89,027
up €89,027 (+9.2%), from €971,193 to €1.1m
- Tangible fixed assets -€67,073
down €67,073 (-9.1%), from €740,846 to €673,773
of which Land and buildings: -€64,445
Equity and liabilities
- Debts after one year -€101,541
down €101,541 (-17.2%), from €591,895 to €490,354
- Current portion of long-term debt +€37,052
up €37,052 (+35.5%), from €104,489 to €141,541
- Trade debts +€36,240
up €36,240 (+335.6%), from €10,800 to €47,040
- Tax, wage and social debts +€23,507
up €23,507 (+94.6%), from €24,854 to €48,361
of which Taxes: +€17,473
Income statement
- Staff costs +€8,652
up €8,652 (+8.0%), from €107,830 to €116,482
- Gross operating margin +€8,448
up €8,448 (+3.5%), from €240,365 to €248,813
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.
Result 2024
€5,851
Gross operating margin
+€8,448
Staff costs
-€8,652
Depreciation
-€309
Other operating charges
+€736
Other operating items
+€2,760
Financial income
+€154
Financial charges
-€661
Taxes
-€1,022
Result 2025
€7,305
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.
From operations
+€83,779
Investment
-€21,763
Financing
-€64,489
Cash 2024
€17,048
From operations (derived)
+€83,779
Net result for the year
+€7,305
Depreciation
+€88,836
Stocks and contracts
-€89,027
Receivables within one year
+€7,548
Deferred charges and accrued income
+€1,326
Trade debts
+€36,240
Tax, wage and social debts
+€23,507
Other debts
+€7,074
Accrued charges and deferred income
+€970
Investment (derived)
-€21,763
Investment in fixed assets (net)
-€21,763
Financing
-€64,489
Debts after one year
-€101,541
Current portion of long-term debt
+€37,052
Cash 2025
€14,575
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,749,674 | €1,760,281 | +€10,606 | +0.6% |
| Fixed assets | 21/28 | €741,296 | €674,223 | -€67,073 | -9.0% |
| Tangible fixed assets | 22/27 | €740,846 | €673,773 | -€67,073 | -9.1% |
| Land and buildings | 22 | €700,877 | €636,432 | -€64,445 | -9.2% |
| Plant, machinery and equipment | 23 | €13,398 | €14,469 | +€1,071 | +8.0% |
| Furniture and vehicles | 24 | €26,571 | €22,872 | -€3,699 | -13.9% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €1,008,378 | €1,086,058 | +€77,679 | +7.7% |
| Stocks and contracts in progress | 3 | €971,193 | €1,060,220 | +€89,027 | +9.2% |
| Stocks | 30/36 | €971,193 | €1,060,220 | +€89,027 | +9.2% |
| Amounts receivable within one year | 40/41 | €11,572 | €4,024 | -€7,548 | -65.2% |
| Trade receivables | 40 | €11,572 | €4,024 | -€7,548 | -65.2% |
| Cash at bank and in hand | 54/58 | €17,048 | €14,575 | -€2,473 | -14.5% |
| Deferred charges and accrued income | 490/1 | €8,565 | €7,239 | -€1,326 | -15.5% |
| Total equity and liabilities | 10/49 | €1,749,674 | €1,760,281 | +€10,606 | +0.6% |
| Equity | 10/15 | €211,117 | €218,422 | +€7,305 | +3.5% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €131,117 | €138,422 | +€7,305 | +5.6% |
| Distributable reserves | 133 | €131,117 | €138,422 | +€7,305 | +5.6% |
| Amounts payable | 17/49 | €1,538,557 | €1,541,859 | +€3,301 | +0.2% |
| Amounts payable after more than one year | 17 | €591,895 | €490,354 | -€101,541 | -17.2% |
| Financial debts | 170/4 | €591,895 | €490,354 | -€101,541 | -17.2% |
| Amounts payable within one year | 42/48 | €944,237 | €1,048,110 | +€103,873 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €104,489 | €141,541 | +€37,052 | +35.5% |
| Trade debts | 44 | €10,800 | €47,040 | +€36,240 | +335.6% |
| Suppliers | 440/4 | €10,800 | €47,040 | +€36,240 | +335.6% |
| Taxes, remuneration and social security | 45 | €24,854 | €48,361 | +€23,507 | +94.6% |
| Taxes | 450/3 | €1,636 | €19,109 | +€17,473 | +1068.0% |
| Remuneration and social security | 454/9 | €23,218 | €29,252 | +€6,034 | +26.0% |
| Other amounts payable | 47/48 | €804,094 | €811,168 | +€7,074 | +0.9% |
| Accrued charges and deferred income | 492/3 | €2,425 | €3,395 | +€970 | +40.0% |
| Non-recurring operating income | 76A | - | €5,921 | +€5,921 | |
| Remuneration, social security and pensions | 62 | €107,830 | €116,482 | +€8,652 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,527 | €88,836 | +€309 | +0.3% |
| Other operating charges | 640/8 | €12,233 | €11,497 | -€736 | -6.0% |
| Non-recurring operating charges | 66A | €2,760 | - | -€2,760 | |
| Gross operating margin | 9900 | €240,365 | €248,813 | +€8,448 | +3.5% |
| Operating profit (loss) | 9901 | €29,015 | €31,998 | +€2,983 | +10.3% |
| Financial income | 75/76B | €1,980 | €2,134 | +€154 | +7.8% |
| Recurring financial income | 75 | €1,980 | €2,134 | +€154 | +7.8% |
| Financial charges | 65/66B | €20,252 | €20,913 | +€661 | +3.3% |
| Recurring financial charges | 65 | €20,252 | €20,913 | +€661 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €10,743 | €13,218 | +€2,476 | +23.0% |
| Income taxes | 67/77 | €4,892 | €5,913 | +€1,022 | +20.9% |
| Profit (loss) for the period | 9904 | €5,851 | €7,305 | +€1,454 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,851 | €7,305 | +€1,454 | +24.8% |
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 3 October 2026 via checked.be.