PUISSANCE 3: 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.
PUISSANCE 3
Largest movements
- Cash +€113,602
up €113,602 (+17.6%), from €645,918 to €759,520
mainly Depreciation (+€100,869) and Trade debts (+€84,940)
- Tangible fixed assets -€45,604
down €45,604 (-7.9%), from €577,589 to €531,985
of which Furniture and vehicles: -€39,280
- Receivables within one year -€22,458
down €22,458 (-5.7%), from €394,564 to €372,106
of which Trade receivables: -€24,928
- Trade debts +€84,940
up €84,940 (+97.3%), from €87,258 to €172,198
- Reserves +€63,296
up €63,296 (+11.8%), from €536,969 to €600,265
of which Distributable reserves: +€33,459
- Other debts -€31,001
down €31,001 (-7.3%), from €423,798 to €392,797
- Debts after one year -€22,390
down €22,390 (-38.4%), from €58,362 to €35,972
- Tax, wage and social debts -€20,966
down €20,966 (-25.1%), from €83,578 to €62,613
of which Taxes: -€19,445
- Gross operating margin -€176,881
down €176,881 (-36.9%), from €478,758 to €301,877
- Depreciation -€40,047
down €40,047 (-28.4%), from €140,916 to €100,869
- Taxes -€31,321
down €31,321 (-51.4%), from €60,929 to €29,608
- Staff costs -€15,781
down €15,781 (-24.3%), from €65,044 to €49,263
- Write-downs +€14,958
up €14,958, from -€3,024 to €11,934
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,649,978 | €1,698,529 | +€48,551 | +2.9% |
| Fixed assets | 21/28 | €599,328 | €550,932 | -€48,396 | -8.1% |
| Intangible fixed assets | 21 | €10,706 | €8,319 | -€2,387 | -22.3% |
| Tangible fixed assets | 22/27 | €577,589 | €531,985 | -€45,604 | -7.9% |
| Land and buildings | 22 | €339,060 | €335,530 | -€3,530 | -1.0% |
| Plant, machinery and equipment | 23 | €84,401 | €81,607 | -€2,794 | -3.3% |
| Furniture and vehicles | 24 | €154,129 | €114,848 | -€39,280 | -25.5% |
| Financial fixed assets | 28 | €11,033 | €10,628 | -€405 | -3.7% |
| Current assets | 29/58 | €1,050,650 | €1,147,597 | +€96,947 | +9.2% |
| Amounts receivable within one year | 40/41 | €394,564 | €372,106 | -€22,458 | -5.7% |
| Trade receivables | 40 | €325,054 | €300,126 | -€24,928 | -7.7% |
| Other amounts receivable | 41 | €69,511 | €71,980 | +€2,470 | +3.6% |
| Cash at bank and in hand | 54/58 | €645,918 | €759,520 | +€113,602 | +17.6% |
| Deferred charges and accrued income | 490/1 | €10,168 | €15,970 | +€5,803 | +57.1% |
| Total equity and liabilities | 10/49 | €1,649,978 | €1,698,529 | +€48,551 | +2.9% |
| Equity | 10/15 | €912,505 | €975,144 | +€62,639 | +6.9% |
| Contributions | 10/11 | €355,592 | €355,592 | = | 0.0% |
| Reserves | 13 | €536,969 | €600,265 | +€63,296 | +11.8% |
| Non-distributable reserves | 130/1 | €5,459 | €3,600 | -€1,859 | -34.1% |
| Reserves not available under the articles | 1311 | €5,459 | €3,600 | -€1,859 | -34.1% |
| Tax-exempt reserves | 132 | €118,109 | €149,805 | +€31,696 | +26.8% |
| Distributable reserves | 133 | €413,400 | €446,859 | +€33,459 | +8.1% |
| Profit (loss) carried forward | 14 | €988 | €1,084 | +€96 | +9.7% |
| Investment grants | 15 | €18,957 | €18,204 | -€753 | -4.0% |
| Provisions and deferred taxes | 16 | €86 | €67 | -€19 | -22.1% |
| Deferred taxes | 168 | €86 | €67 | -€19 | -22.1% |
| Amounts payable | 17/49 | €737,386 | €723,317 | -€14,069 | -1.9% |
| Amounts payable after more than one year | 17 | €58,362 | €35,972 | -€22,390 | -38.4% |
| Financial debts | 170/4 | €58,362 | €35,972 | -€22,390 | -38.4% |
| Amounts payable within one year | 42/48 | €632,097 | €649,998 | +€17,901 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €37,463 | €22,390 | -€15,073 | -40.2% |
| Trade debts | 44 | €87,258 | €172,198 | +€84,940 | +97.3% |
| Suppliers | 440/4 | €87,258 | €172,198 | +€84,940 | +97.3% |
| Taxes, remuneration and social security | 45 | €83,578 | €62,613 | -€20,966 | -25.1% |
| Taxes | 450/3 | €74,754 | €55,309 | -€19,445 | -26.0% |
| Remuneration and social security | 454/9 | €8,825 | €7,304 | -€1,521 | -17.2% |
| Other amounts payable | 47/48 | €423,798 | €392,797 | -€31,001 | -7.3% |
| Accrued charges and deferred income | 492/3 | €46,927 | €37,347 | -€9,580 | -20.4% |
| Non-recurring operating income | 76A | €328,149 | - | -€328,149 | |
| Remuneration, social security and pensions | 62 | €65,044 | €49,263 | -€15,781 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,916 | €100,869 | -€40,047 | -28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,024 | €11,934 | +€14,958 | |
| Other operating charges | 640/8 | €22,848 | €12,580 | -€10,268 | -44.9% |
| Non-recurring operating charges | 66A | €1,761 | - | -€1,761 | |
| Gross operating margin | 9900 | €478,758 | €301,877 | -€176,881 | -36.9% |
| Operating profit (loss) | 9901 | €251,214 | €127,232 | -€123,982 | -49.4% |
| Financial income | 75/76B | €2,831 | €1,830 | -€1,001 | -35.4% |
| Recurring financial income | 75 | €2,831 | €1,830 | -€1,001 | -35.4% |
| Financial charges | 65/66B | €49,398 | €36,081 | -€13,316 | -27.0% |
| Recurring financial charges | 65 | €49,398 | €36,081 | -€13,316 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €204,648 | €92,980 | -€111,667 | -54.6% |
| Transfer from deferred taxes | 780 | €86 | €19 | -€67 | -77.8% |
| Income taxes | 67/77 | €60,929 | €29,608 | -€31,321 | -51.4% |
| Profit (loss) for the period | 9904 | €143,805 | €63,392 | -€80,413 | -55.9% |
| Transfer to tax-exempt reserves | 689 | €71,902 | €31,696 | -€40,206 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,902 | €31,696 | -€40,206 | -55.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.