POWWOW: 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.
POWWOW
Largest movements
- Receivables within one year -€52,436
down €52,436 (-58.1%), from €90,236 to €37,800
of which Trade receivables: -€55,559
- Tangible fixed assets -€5,880
down €5,880 (-16.0%), from €36,652 to €30,772
of which Leasing and similar rights: -€14,171
- Cash +€5,515
up €5,515 (+80.4%), from €6,857 to €12,372
mainly Receivables within one year (+€52,436) and Depreciation (+€13,624)
- Deferred charges and accrued income +€1,606
up €1,606 (+114%), from €1,414 to €3,020
- Trade debts -€37,889
down €37,889 (-96.7%), from €39,195 to €1,306
- Profit (loss) carried forward -€13,357
down €13,357 (-28.5%), from €46,891 to €33,535
- Tax, wage and social debts +€11,918
up €11,918 (+61.7%), from €19,331 to €31,249
of which Remuneration and social security: +€10,195
- Other debts -€6,174
down €6,174 (-82.4%), from €7,492 to €1,317
- Current portion of long-term debt -€5,692
no longer reported in 2025 (was €5,692)
- Gross operating margin -€23,824
down €23,824 (-15.3%), from €156,153 to €132,329
- Staff costs +€13,468
up €13,468 (+11.7%), from €115,323 to €128,791
- Taxes -€5,573
down €5,573 (-97.7%), from €5,706 to €133
- Depreciation -€3,528
down €3,528 (-20.6%), from €17,152 to €13,624
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 | €137,200 | €86,006 | -€51,194 | -37.3% |
| Fixed assets | 21/28 | €38,694 | €32,814 | -€5,880 | -15.2% |
| Tangible fixed assets | 22/27 | €36,652 | €30,772 | -€5,880 | -16.0% |
| Land and buildings | 22 | €4,070 | €3,495 | -€574 | -14.1% |
| Plant, machinery and equipment | 23 | €1,200 | €851 | -€349 | -29.1% |
| Furniture and vehicles | 24 | €17,212 | €26,425 | +€9,213 | +53.5% |
| Leasing and similar rights | 25 | €14,171 | - | -€14,171 | |
| Financial fixed assets | 28 | €2,042 | €2,042 | = | 0.0% |
| Current assets | 29/58 | €98,506 | €53,192 | -€45,314 | -46.0% |
| Amounts receivable within one year | 40/41 | €90,236 | €37,800 | -€52,436 | -58.1% |
| Trade receivables | 40 | €79,892 | €24,333 | -€55,559 | -69.5% |
| Other amounts receivable | 41 | €10,344 | €13,467 | +€3,123 | +30.2% |
| Cash at bank and in hand | 54/58 | €6,857 | €12,372 | +€5,515 | +80.4% |
| Deferred charges and accrued income | 490/1 | €1,414 | €3,020 | +€1,606 | +114% |
| Total equity and liabilities | 10/49 | €137,200 | €86,006 | -€51,194 | -37.3% |
| Equity | 10/15 | €65,491 | €52,135 | -€13,357 | -20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,891 | €33,535 | -€13,357 | -28.5% |
| Amounts payable | 17/49 | €71,709 | €33,872 | -€37,838 | -52.8% |
| Amounts payable within one year | 42/48 | €71,709 | €33,872 | -€37,838 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €5,692 | - | -€5,692 | |
| Trade debts | 44 | €39,195 | €1,306 | -€37,889 | -96.7% |
| Suppliers | 440/4 | €39,195 | €1,306 | -€37,889 | -96.7% |
| Taxes, remuneration and social security | 45 | €19,331 | €31,249 | +€11,918 | +61.7% |
| Taxes | 450/3 | €3,610 | €5,333 | +€1,723 | +47.7% |
| Remuneration and social security | 454/9 | €15,721 | €25,916 | +€10,195 | +64.9% |
| Other amounts payable | 47/48 | €7,492 | €1,317 | -€6,174 | -82.4% |
| Remuneration, social security and pensions | 62 | €115,323 | €128,791 | +€13,468 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,152 | €13,624 | -€3,528 | -20.6% |
| Other operating charges | 640/8 | €738 | €1,973 | +€1,234 | +167% |
| Gross operating margin | 9900 | €156,153 | €132,329 | -€23,824 | -15.3% |
| Operating profit (loss) | 9901 | €22,939 | -€12,059 | -€34,999 | |
| Financial income | 75/76B | €16 | €222 | +€206 | +1,282% |
| Recurring financial income | 75 | €16 | €222 | +€206 | +1,282% |
| Financial charges | 65/66B | €1,293 | €1,386 | +€94 | +7.3% |
| Recurring financial charges | 65 | €1,293 | €1,386 | +€94 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €21,663 | -€13,223 | -€34,886 | |
| Income taxes | 67/77 | €5,706 | €133 | -€5,573 | -97.7% |
| Profit (loss) for the period | 9904 | €15,957 | -€13,357 | -€29,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,957 | -€13,357 | -€29,314 |
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.