ALL MANAGEMENT SERVICES: 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.
ALL MANAGEMENT SERVICES
Largest movements
- Cash -€92,692
down €92,692 (-91.0%), from €101,829 to €9,136
mainly Debts after one year (-€59,382) and Accrued charges and deferred income (-€43,181)
- Receivables within one year +€7,761
up €7,761 (+43.9%), from €17,678 to €25,439
of which Trade receivables: +€9,236
- Debts after one year -€59,382
down €59,382 (-22.6%), from €262,979 to €203,597
of which Financial debts: -€59,382
- Accrued charges and deferred income -€43,181
no longer reported in 2025 (was €43,181)
- Tax, wage and social debts +€20,117
up €20,117 (+181%), from €11,117 to €31,234
- Gross operating margin -€23,517
down €23,517 (-29.1%), from €80,892 to €57,375
- Financial charges +€8,489
up €8,489 (+288%), from €2,952 to €11,441
- Taxes -€7,039
down €7,039 (-63.3%), from €11,117 to €4,078
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 | €613,462 | €527,872 | -€85,590 | -14.0% |
| Fixed assets | 21/28 | €239,168 | €237,303 | -€1,866 | -0.8% |
| Tangible fixed assets | 22/27 | €238,668 | €236,803 | -€1,866 | -0.8% |
| Land and buildings | 22 | €134,168 | €127,505 | -€6,663 | -5.0% |
| Furniture and vehicles | 24 | €73,898 | €81,397 | +€7,499 | +10.1% |
| Other tangible fixed assets | 26 | €30,603 | €27,901 | -€2,702 | -8.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €374,294 | €290,569 | -€83,725 | -22.4% |
| Stocks and contracts in progress | 3 | €246,987 | €246,987 | = | 0.0% |
| Stocks | 30/36 | €246,987 | €246,987 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,678 | €25,439 | +€7,761 | +43.9% |
| Trade receivables | 40 | €16,203 | €25,439 | +€9,236 | +57.0% |
| Other amounts receivable | 41 | €1,476 | - | -€1,476 | |
| Cash at bank and in hand | 54/58 | €101,829 | €9,136 | -€92,692 | -91.0% |
| Deferred charges and accrued income | 490/1 | €7,800 | €9,007 | +€1,207 | +15.5% |
| Total equity and liabilities | 10/49 | €613,462 | €527,872 | -€85,590 | -14.0% |
| Equity | 10/15 | €260,408 | €259,757 | -€650 | -0.2% |
| Contributions | 10/11 | €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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,948 | €239,297 | -€650 | -0.3% |
| Amounts payable | 17/49 | €353,054 | €268,114 | -€84,940 | -24.1% |
| Amounts payable after more than one year | 17 | €262,979 | €203,597 | -€59,382 | -22.6% |
| Financial debts | 170/4 | €259,979 | €200,597 | -€59,382 | -22.8% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,894 | €64,517 | +€17,623 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €23,635 | €24,478 | +€843 | +3.6% |
| Trade debts | 44 | €12,143 | €8,806 | -€3,337 | -27.5% |
| Suppliers | 440/4 | €12,143 | €8,806 | -€3,337 | -27.5% |
| Taxes, remuneration and social security | 45 | €11,117 | €31,234 | +€20,117 | +181% |
| Taxes | 450/3 | €11,117 | €31,234 | +€20,117 | +181% |
| Accrued charges and deferred income | 492/3 | €43,181 | - | -€43,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,573 | €32,790 | +€217 | +0.7% |
| Other operating charges | 640/8 | €10,049 | €9,753 | -€297 | -3.0% |
| Gross operating margin | 9900 | €80,892 | €57,375 | -€23,517 | -29.1% |
| Operating profit (loss) | 9901 | €38,269 | €14,832 | -€23,437 | -61.2% |
| Financial income | 75/76B | €8 | €36 | +€28 | +333% |
| Recurring financial income | 75 | €8 | €36 | +€28 | +333% |
| Financial charges | 65/66B | €2,952 | €11,441 | +€8,489 | +288% |
| Recurring financial charges | 65 | €2,952 | €11,441 | +€8,489 | +288% |
| Profit (loss) for the period before taxes | 9903 | €35,326 | €3,427 | -€31,899 | -90.3% |
| Income taxes | 67/77 | €11,117 | €4,078 | -€7,039 | -63.3% |
| Profit (loss) for the period | 9904 | €24,210 | -€650 | -€24,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,210 | -€650 | -€24,860 |
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 25 October 2026 via checked.be.