Re-power: what changed
Re-power
Largest movements
- Receivables within one year +€55,748
up €55,748 (+120%), from €46,313 to €102,061
of which Trade receivables: +€55,759
- Tangible fixed assets +€35,819
up €35,819 (+425%), from €8,431 to €44,251
of which Furniture and vehicles: +€21,467
- Cash +€22,769
up €22,769 (+108%), from €21,012 to €43,780
mainly Net result for the year (+€73,808) and Tax, wage and social debts (+€40,554)
- Deferred charges and accrued income +€16,284
up €16,284 (+87.0%), from €18,721 to €35,005
- Reserves +€73,808
up €73,808 (+883%), from €8,360 to €82,168
- Tax, wage and social debts +€40,554
up €40,554 (+313%), from €12,966 to €53,520
of which Taxes: +€25,280
- Debts after one year +€19,824
new in 2025: €19,824
- Trade debts -€18,892
down €18,892 (-46.6%), from €40,527 to €21,635
- Current portion of long-term debt +€10,578
new in 2025: €10,578
- Gross operating margin +€142,661
up €142,661 (+221%), from €64,555 to €207,216
- Staff costs +€41,492
up €41,492 (+67.9%), from €61,121 to €102,613
- Taxes +€17,819
up €17,819 (+3,488%), from €511 to €18,330
- Depreciation +€7,658
up €7,658 (+545%), from €1,406 to €9,064
- Financial charges +€2,431
up €2,431 (+147%), from €1,657 to €4,088
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,805 | €226,438 | +€130,632 | +136% |
| Fixed assets | 21/28 | €8,431 | €44,251 | +€35,819 | +425% |
| Tangible fixed assets | 22/27 | €8,431 | €44,251 | +€35,819 | +425% |
| Plant, machinery and equipment | 23 | €5,828 | €20,180 | +€14,352 | +246% |
| Furniture and vehicles | 24 | €2,603 | €24,071 | +€21,467 | +825% |
| Current assets | 29/58 | €87,374 | €182,187 | +€94,813 | +109% |
| Stocks and contracts in progress | 3 | €1,329 | €1,341 | +€12 | +0.9% |
| Stocks | 30/36 | €1,329 | €1,341 | +€12 | +0.9% |
| Amounts receivable within one year | 40/41 | €46,313 | €102,061 | +€55,748 | +120% |
| Trade receivables | 40 | €46,193 | €101,952 | +€55,759 | +121% |
| Other amounts receivable | 41 | €120 | €109 | -€11 | -9.2% |
| Cash at bank and in hand | 54/58 | €21,012 | €43,780 | +€22,769 | +108% |
| Deferred charges and accrued income | 490/1 | €18,721 | €35,005 | +€16,284 | +87.0% |
| Total equity and liabilities | 10/49 | €95,805 | €226,438 | +€130,632 | +136% |
| Equity | 10/15 | €12,360 | €86,168 | +€73,808 | +597% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €8,360 | €82,168 | +€73,808 | +883% |
| Distributable reserves | 133 | €8,360 | €82,168 | +€73,808 | +883% |
| Amounts payable | 17/49 | €83,445 | €140,269 | +€56,824 | +68.1% |
| Amounts payable after more than one year | 17 | - | €19,824 | +€19,824 | |
| Financial debts | 170/4 | - | €19,824 | +€19,824 | |
| Amounts payable within one year | 42/48 | €54,192 | €85,747 | +€31,555 | +58.2% |
| Current portion of amounts payable after more than one year | 42 | - | €10,578 | +€10,578 | |
| Trade debts | 44 | €40,527 | €21,635 | -€18,892 | -46.6% |
| Suppliers | 440/4 | €40,527 | €21,635 | -€18,892 | -46.6% |
| Taxes, remuneration and social security | 45 | €12,966 | €53,520 | +€40,554 | +313% |
| Taxes | 450/3 | €5,240 | €30,520 | +€25,280 | +482% |
| Remuneration and social security | 454/9 | €7,726 | €22,999 | +€15,274 | +198% |
| Other amounts payable | 47/48 | €699 | €15 | -€684 | -97.9% |
| Accrued charges and deferred income | 492/3 | €29,254 | €34,699 | +€5,445 | +18.6% |
| Remuneration, social security and pensions | 62 | €61,121 | €102,613 | +€41,492 | +67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,406 | €9,064 | +€7,658 | +545% |
| Other operating charges | 640/8 | - | €159 | +€159 | |
| Gross operating margin | 9900 | €64,555 | €207,216 | +€142,661 | +221% |
| Operating profit (loss) | 9901 | €2,028 | €95,380 | +€93,352 | +4,603% |
| Financial income | 75/76B | €502 | €846 | +€344 | +68.4% |
| Recurring financial income | 75 | €502 | €846 | +€344 | +68.4% |
| Financial charges | 65/66B | €1,657 | €4,088 | +€2,431 | +147% |
| Recurring financial charges | 65 | €1,657 | €4,088 | +€2,431 | +147% |
| Profit (loss) for the period before taxes | 9903 | €874 | €92,138 | +€91,264 | +10,448% |
| Income taxes | 67/77 | €511 | €18,330 | +€17,819 | +3,488% |
| Profit (loss) for the period | 9904 | €363 | €73,808 | +€73,446 | +20,252% |
| Profit (loss) for the period to be appropriated | 9905 | €363 | €73,808 | +€73,446 | +20,252% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.