POWR: 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.
POWR
Largest movements
- Cash +€84,621
up €84,621 (+74.1%), from €114,272 to €198,894
mainly Current investments (+€59,975) and Net result for the year (+€53,069)
- Current investments -€59,975
down €59,975 (-66.7%), from €89,975 to €30,000
- Reserves +€28,221
up €28,221 (+14.8%), from €190,103 to €218,324
- Other debts -€14,851
down €14,851 (-34.7%), from €42,753 to €27,902
- Trade debts +€5,606
up €5,606 (+693.2%), from €809 to €6,414
- Tax, wage and social debts +€3,537
up €3,537 (+48.0%), from €7,369 to €10,906
- Financial income +€9,482
up €9,482 (+231.0%), from €4,105 to €13,587
- Gross operating margin -€3,581
down €3,581 (-5.0%), from €71,052 to €67,471
- Financial charges +€2,517
up €2,517 (+137.4%), from €1,831 to €4,348
- Taxes +€1,609
up €1,609 (+8.0%), from €20,034 to €21,643
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 | €241,116 | €263,632 | +€22,516 | +9.3% |
| Fixed assets | 21/28 | €4,011 | €2,558 | -€1,453 | -36.2% |
| Tangible fixed assets | 22/27 | €3,921 | €2,468 | -€1,453 | -37.1% |
| Furniture and vehicles | 24 | €3,921 | €2,468 | -€1,453 | -37.1% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €237,105 | €261,074 | +€23,969 | +10.1% |
| Amounts receivable within one year | 40/41 | €29,203 | €28,989 | -€214 | -0.7% |
| Trade receivables | 40 | €28,698 | €28,989 | +€291 | +1.0% |
| Other amounts receivable | 41 | €505 | €0 | -€505 | -100.0% |
| Current investments | 50/53 | €89,975 | €30,000 | -€59,975 | -66.7% |
| Cash at bank and in hand | 54/58 | €114,272 | €198,894 | +€84,621 | +74.1% |
| Deferred charges and accrued income | 490/1 | €3,655 | €3,192 | -€463 | -12.7% |
| Total equity and liabilities | 10/49 | €241,116 | €263,632 | +€22,516 | +9.3% |
| Equity | 10/15 | €190,153 | €218,374 | +€28,221 | +14.8% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Reserves | 13 | €190,103 | €218,324 | +€28,221 | +14.8% |
| Distributable reserves | 133 | €190,103 | €218,324 | +€28,221 | +14.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,964 | €45,258 | -€5,705 | -11.2% |
| Amounts payable within one year | 42/48 | €50,931 | €45,223 | -€5,708 | -11.2% |
| Trade debts | 44 | €809 | €6,414 | +€5,606 | +693.2% |
| Suppliers | 440/4 | €809 | €6,414 | +€5,606 | +693.2% |
| Taxes, remuneration and social security | 45 | €7,369 | €10,906 | +€3,537 | +48.0% |
| Taxes | 450/3 | €7,369 | €10,906 | +€3,537 | +48.0% |
| Other amounts payable | 47/48 | €42,753 | €27,902 | -€14,851 | -34.7% |
| Accrued charges and deferred income | 492/3 | €33 | €36 | +€3 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,010 | €1,453 | -€557 | -27.7% |
| Other operating charges | 640/8 | €544 | €544 | -€0 | 0.0% |
| Gross operating margin | 9900 | €71,052 | €67,471 | -€3,581 | -5.0% |
| Operating profit (loss) | 9901 | €68,498 | €65,473 | -€3,024 | -4.4% |
| Financial income | 75/76B | €4,105 | €13,587 | +€9,482 | +231.0% |
| Recurring financial income | 75 | €4,105 | €13,587 | +€9,482 | +231.0% |
| Financial charges | 65/66B | €1,831 | €4,348 | +€2,517 | +137.4% |
| Recurring financial charges | 65 | €1,831 | €4,348 | +€2,517 | +137.4% |
| Profit (loss) for the period before taxes | 9903 | €70,771 | €74,712 | +€3,941 | +5.6% |
| Income taxes | 67/77 | €20,034 | €21,643 | +€1,609 | +8.0% |
| Profit (loss) for the period | 9904 | €50,737 | €53,069 | +€2,331 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,737 | €53,069 | +€2,331 | +4.6% |
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 11 October 2026 via checked.be.