POWSON: 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.
POWSON
Largest movements
- Current investments -€701,000
down €701,000 (-77.8%), from €901,000 to €200,000
- Receivables after one year -€600,000
down €600,000 (-100%), from €600,000 to €0
- Cash +€481,699
up €481,699 (+336%), from €143,462 to €625,161
mainly Current investments (+€701,000) and Receivables after one year (+€600,000)
- Tangible fixed assets +€243,306
up €243,306 (+49.2%), from €494,285 to €737,591
of which Assets under construction and advance payments: +€172,084
- Receivables within one year +€38,068
up €38,068 (+106%), from €35,791 to €73,860
of which Other amounts receivable: +€65,353
- Reserves -€618,906
down €618,906 (-32.8%), from €1.9m to €1.3m
of which Distributable reserves: -€618,906
- Trade debts +€108,413
up €108,413 (+1,848%), from €5,866 to €114,279
- Profit (loss) carried forward -€33,681
down €33,681 (-15.8%), from -€213,462 to -€247,143
- Depreciation +€56,821
up €56,821 (+371%), from €15,305 to €72,126
- Financial income -€34,797
down €34,797 (-60.7%), from €57,322 to €22,525
- Gross operating margin -€15,599
down €15,599 (-44.4%), from €35,095 to €19,496
- Taxes -€9,197
down €9,197 (-100%), from €9,197 to €0
- Financial charges +€3,480
up €3,480, from -€717 to €2,762
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 | €2,183,542 | €1,636,612 | -€546,930 | -25.0% |
| Fixed assets | 21/28 | €494,285 | €737,591 | +€243,306 | +49.2% |
| Tangible fixed assets | 22/27 | €494,285 | €737,591 | +€243,306 | +49.2% |
| Land and buildings | 22 | €492,087 | €564,574 | +€72,487 | +14.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,198 | €933 | -€1,265 | -57.5% |
| Assets under construction and advance payments | 27 | - | €172,084 | +€172,084 | |
| Current assets | 29/58 | €1,689,256 | €899,021 | -€790,236 | -46.8% |
| Amounts receivable after more than one year | 29 | €600,000 | €0 | -€600,000 | -100% |
| Other amounts receivable | 291 | €600,000 | €0 | -€600,000 | -100% |
| Amounts receivable within one year | 40/41 | €35,791 | €73,860 | +€38,068 | +106% |
| Trade receivables | 40 | €27,947 | €663 | -€27,285 | -97.6% |
| Other amounts receivable | 41 | €7,844 | €73,197 | +€65,353 | +833% |
| Current investments | 50/53 | €901,000 | €200,000 | -€701,000 | -77.8% |
| Cash at bank and in hand | 54/58 | €143,462 | €625,161 | +€481,699 | +336% |
| Deferred charges and accrued income | 490/1 | €9,003 | €0 | -€9,003 | -100% |
| Total equity and liabilities | 10/49 | €2,183,542 | €1,636,612 | -€546,930 | -25.0% |
| Equity | 10/15 | €1,897,895 | €1,245,308 | -€652,587 | -34.4% |
| Contributions | 10/11 | €221,869 | €221,869 | = | 0.0% |
| Reserves | 13 | €1,889,488 | €1,270,582 | -€618,906 | -32.8% |
| Tax-exempt reserves | 132 | €827,994 | €827,994 | = | 0.0% |
| Distributable reserves | 133 | €1,061,494 | €442,587 | -€618,906 | -58.3% |
| Profit (loss) carried forward | 14 | -€213,462 | -€247,143 | -€33,681 | -15.8% |
| Provisions and deferred taxes | 16 | €275,998 | €275,998 | = | 0.0% |
| Deferred taxes | 168 | €275,998 | €275,998 | = | 0.0% |
| Amounts payable | 17/49 | €9,648 | €115,305 | +€105,657 | +1,095% |
| Amounts payable within one year | 42/48 | €6,947 | €115,195 | +€108,248 | +1,558% |
| Trade debts | 44 | €5,866 | €114,279 | +€108,413 | +1,848% |
| Suppliers | 440/4 | €5,866 | €114,279 | +€108,413 | +1,848% |
| Taxes, remuneration and social security | 45 | - | €9 | +€9 | |
| Taxes | 450/3 | - | €9 | +€9 | |
| Other amounts payable | 47/48 | €1,081 | €908 | -€174 | -16.1% |
| Accrued charges and deferred income | 492/3 | €2,701 | €110 | -€2,591 | -95.9% |
| Non-recurring operating income | 76A | €48,000 | €43,876 | -€4,124 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,305 | €72,126 | +€56,821 | +371% |
| Other operating charges | 640/8 | €139 | €813 | +€674 | +484% |
| Non-recurring operating charges | 66A | €885 | €0 | -€885 | -100% |
| Gross operating margin | 9900 | €35,095 | €19,496 | -€15,599 | -44.4% |
| Operating profit (loss) | 9901 | €18,766 | -€53,444 | -€72,209 | |
| Financial income | 75/76B | €57,322 | €22,525 | -€34,797 | -60.7% |
| Recurring financial income | 75 | €57,322 | €22,525 | -€34,797 | -60.7% |
| Financial charges | 65/66B | -€717 | €2,762 | +€3,480 | |
| Recurring financial charges | 65 | -€717 | €2,762 | +€3,480 | |
| Profit (loss) for the period before taxes | 9903 | €76,805 | -€33,681 | -€110,486 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €9,197 | €0 | -€9,197 | -100% |
| Profit (loss) for the period | 9904 | €67,608 | -€33,681 | -€101,289 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €67,608 | -€33,681 | -€101,289 |
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 14 October 2026 via checked.be.