22 SERVICES: what changed
Two fiscal 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.
22 SERVICES
Largest movements
- Tangible fixed assets +€140,455
up €140,455 (+53.7%), from €261,334 to €401,789
of which Other tangible fixed assets: +€166,912
- Receivables within one year +€31,799
up €31,799 (+145.3%), from €21,883 to €53,682
of which Trade receivables: +€41,045
- Debts after one year +€189,357
up €189,357 (+218.5%), from €86,667 to €276,024
- Reserves -€58,000
down €58,000 (-33.9%), from €171,050 to €113,050
- Other debts +€56,881
up €56,881 (+26.5%), from €214,555 to €271,435
- Profit (loss) carried forward -€18,434
down €18,434 (-35.5%), from -€51,922 to -€70,356
- Financial charges -€46,419
down €46,419 (-73.2%), from €63,419 to €17,000
- Gross operating margin -€6,309
down €6,309 (-14.8%), from €42,767 to €36,458
- Depreciation +€4,324
up €4,324 (+13.2%), from €32,790 to €37,114
- Financial income -€3,450
no longer reported in 2025 (was €3,450)
- Other operating charges -€1,493
down €1,493 (-70.1%), from €2,130 to €636
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 | €444,766 | €615,062 | +€170,296 | +38.3% |
| Fixed assets | 21/28 | €273,776 | €411,275 | +€137,499 | +50.2% |
| Intangible fixed assets | 21 | €12,341 | €9,385 | -€2,956 | -24.0% |
| Tangible fixed assets | 22/27 | €261,334 | €401,789 | +€140,455 | +53.7% |
| Land and buildings | 22 | €169,843 | €163,593 | -€6,250 | -3.7% |
| Plant, machinery and equipment | 23 | €253 | - | -€253 | |
| Furniture and vehicles | 24 | €58,850 | €38,896 | -€19,954 | -33.9% |
| Other tangible fixed assets | 26 | €32,388 | €199,300 | +€166,912 | +515.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €170,990 | €203,788 | +€32,798 | +19.2% |
| Amounts receivable after more than one year | 29 | €53,450 | €53,450 | = | 0.0% |
| Trade receivables | 290 | €53,450 | €53,450 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,883 | €53,682 | +€31,799 | +145.3% |
| Trade receivables | 40 | €12,150 | €53,195 | +€41,045 | +337.8% |
| Other amounts receivable | 41 | €9,732 | €487 | -€9,245 | -95.0% |
| Cash at bank and in hand | 54/58 | €94,215 | €94,204 | -€10 | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,442 | €2,452 | +€1,009 | +70.0% |
| Total equity and liabilities | 10/49 | €444,766 | €615,062 | +€170,296 | +38.3% |
| Equity | 10/15 | €125,128 | €48,694 | -€76,434 | -61.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €171,050 | €113,050 | -€58,000 | -33.9% |
| Non-distributable reserves | 130/1 | €171,050 | €113,050 | -€58,000 | -33.9% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Other | 1319 | €170,450 | €112,450 | -€58,000 | -34.0% |
| Profit (loss) carried forward | 14 | -€51,922 | -€70,356 | -€18,434 | -35.5% |
| Amounts payable | 17/49 | €319,638 | €566,368 | +€246,731 | +77.2% |
| Amounts payable after more than one year | 17 | €86,667 | €276,024 | +€189,357 | +218.5% |
| Financial debts | 170/4 | €86,667 | €276,024 | +€189,357 | +218.5% |
| Amounts payable within one year | 42/48 | €232,971 | €290,344 | +€57,374 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €11,626 | €10,000 | -€1,626 | -14.0% |
| Trade debts | 44 | €158 | €3,425 | +€3,267 | +2065.9% |
| Suppliers | 440/4 | €158 | €3,425 | +€3,267 | +2065.9% |
| Taxes, remuneration and social security | 45 | €6,632 | €5,484 | -€1,148 | -17.3% |
| Taxes | 450/3 | €6,632 | €5,484 | -€1,148 | -17.3% |
| Other amounts payable | 47/48 | €214,555 | €271,435 | +€56,881 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,790 | €37,114 | +€4,324 | +13.2% |
| Other operating charges | 640/8 | €2,130 | €636 | -€1,493 | -70.1% |
| Gross operating margin | 9900 | €42,767 | €36,458 | -€6,309 | -14.8% |
| Operating profit (loss) | 9901 | €7,847 | -€1,292 | -€9,140 | |
| Financial income | 75/76B | €3,450 | - | -€3,450 | |
| Recurring financial income | 75 | €3,450 | - | -€3,450 | |
| Financial charges | 65/66B | €63,419 | €17,000 | -€46,419 | -73.2% |
| Recurring financial charges | 65 | €63,419 | €17,000 | -€46,419 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,122 | -€18,293 | +€33,829 | +64.9% |
| Income taxes | 67/77 | €268 | €142 | -€126 | -47.1% |
| Profit (loss) for the period | 9904 | -€52,390 | -€18,434 | +€33,955 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,390 | -€18,434 | +€33,955 | +64.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.