ACTIF - SERVICE: 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.
ACTIF - SERVICE
Largest movements
- Receivables within one year +€442,469
up €442,469 (+136.6%), from €324,032 to €766,501
of which Other amounts receivable: +€438,875
- Cash -€410,851
down €410,851 (-37.2%), from €1.1m to €694,278
mainly Receivables within one year (-€442,469) and Contributions, distributions and other (-€340,580)
- Tangible fixed assets -€20,892
down €20,892 (-34.0%), from €61,431 to €40,539
of which Furniture and vehicles: -€20,788
- Tax, wage and social debts +€73,284
up €73,284 (+165.7%), from €44,222 to €117,506
- Other debts -€34,989
no longer reported in 2025 (was €34,989)
- Current portion of long-term debt -€25,880
down €25,880 (-50.9%), from €50,874 to €24,994
- Gross operating margin +€233,276
up €233,276 (+30.8%), from €757,061 to €990,338
- Staff costs +€100,369
up €100,369 (+22.7%), from €442,732 to €543,101
- Taxes +€48,793
up €48,793 (+78.4%), from €62,207 to €111,000
- Financial charges -€40,874
down €40,874 (-94.6%), from €43,199 to €2,326
of which Non-recurring financial charges: -€40,512
- Depreciation -€27,657
down €27,657 (-58.7%), from €47,102 to €19,444
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 | €1,490,738 | €1,501,463 | +€10,725 | +0.7% |
| Fixed assets | 21/28 | €61,577 | €40,685 | -€20,892 | -33.9% |
| Tangible fixed assets | 22/27 | €61,431 | €40,539 | -€20,892 | -34.0% |
| Plant, machinery and equipment | 23 | €6,602 | €6,497 | -€105 | -1.6% |
| Furniture and vehicles | 24 | €54,829 | €34,042 | -€20,788 | -37.9% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €1,429,161 | €1,460,779 | +€31,617 | +2.2% |
| Amounts receivable within one year | 40/41 | €324,032 | €766,501 | +€442,469 | +136.6% |
| Trade receivables | 40 | €324,032 | €327,626 | +€3,594 | +1.1% |
| Other amounts receivable | 41 | - | €438,875 | +€438,875 | |
| Cash at bank and in hand | 54/58 | €1,105,129 | €694,278 | -€410,851 | -37.2% |
| Total equity and liabilities | 10/49 | €1,490,738 | €1,501,463 | +€10,725 | +0.7% |
| Equity | 10/15 | €1,277,613 | €1,263,611 | -€14,001 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,257,153 | €1,243,151 | -€14,001 | -1.1% |
| Amounts payable | 17/49 | €213,125 | €237,852 | +€24,727 | +11.6% |
| Amounts payable within one year | 42/48 | €213,125 | €237,852 | +€24,727 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €50,874 | €24,994 | -€25,880 | -50.9% |
| Trade debts | 44 | €83,041 | €95,352 | +€12,312 | +14.8% |
| Suppliers | 440/4 | €83,041 | €95,352 | +€12,312 | +14.8% |
| Taxes, remuneration and social security | 45 | €44,222 | €117,506 | +€73,284 | +165.7% |
| Taxes | 450/3 | €44,222 | €117,506 | +€73,284 | +165.7% |
| Other amounts payable | 47/48 | €34,989 | - | -€34,989 | |
| Remuneration, social security and pensions | 62 | €442,732 | €543,101 | +€100,369 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,102 | €19,444 | -€27,657 | -58.7% |
| Other operating charges | 640/8 | €2,902 | €2,394 | -€508 | -17.5% |
| Gross operating margin | 9900 | €757,061 | €990,338 | +€233,276 | +30.8% |
| Operating profit (loss) | 9901 | €264,326 | €425,398 | +€161,072 | +60.9% |
| Financial income | 75/76B | €13,969 | €14,506 | +€537 | +3.8% |
| Recurring financial income | 75 | €13,969 | €7,272 | -€6,697 | -47.9% |
| Non-recurring financial income | 76B | - | €7,234 | +€7,234 | |
| Financial charges | 65/66B | €43,199 | €2,326 | -€40,874 | -94.6% |
| Recurring financial charges | 65 | €2,687 | €2,326 | -€362 | -13.5% |
| Non-recurring financial charges | 66B | €40,512 | - | -€40,512 | |
| Profit (loss) for the period before taxes | 9903 | €235,096 | €437,579 | +€202,483 | +86.1% |
| Income taxes | 67/77 | €62,207 | €111,000 | +€48,793 | +78.4% |
| Profit (loss) for the period | 9904 | €172,889 | €326,579 | +€153,690 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €172,889 | €326,579 | +€153,690 | +88.9% |
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 12 October 2026 via checked.be.