AS 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.
AS SERVICES
Largest movements
- Receivables after one year +€77,500
up €77,500 (+77.5%), from €100,000 to €177,500
- Receivables within one year +€21,417
up €21,417 (+11.0%), from €194,422 to €215,839
of which Trade receivables: +€21,408
- Cash -€20,360
down €20,360 (-99.7%), from €20,430 to €70
mainly Receivables after one year (-€77,500) and Tax, wage and social debts (-€26,774)
- Short-term financial debts +€67,766
up €67,766 (+121%), from €56,000 to €123,766
- Tax, wage and social debts -€26,774
down €26,774 (-46.4%), from €57,688 to €30,914
of which Taxes: -€26,924
- Reserves +€21,782
up €21,782 (+16.5%), from €131,620 to €153,403
of which Distributable reserves: +€21,782
- Trade debts +€14,186
up €14,186 (+177%), from €8,032 to €22,219
- Gross operating margin -€54,040
down €54,040 (-56.3%), from €95,961 to €41,920
- Taxes -€14,366
down €14,366 (-51.8%), from €27,721 to €13,355
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 | €315,929 | €394,823 | +€78,894 | +25.0% |
| Fixed assets | 21/28 | €99 | €0 | -€99 | -100% |
| Tangible fixed assets | 22/27 | €99 | €0 | -€99 | -100% |
| Furniture and vehicles | 24 | €99 | €0 | -€99 | -100% |
| Current assets | 29/58 | €315,830 | €394,823 | +€78,994 | +25.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €177,500 | +€77,500 | +77.5% |
| Other amounts receivable | 291 | €100,000 | €177,500 | +€77,500 | +77.5% |
| Amounts receivable within one year | 40/41 | €194,422 | €215,839 | +€21,417 | +11.0% |
| Trade receivables | 40 | €9,075 | €30,483 | +€21,408 | +236% |
| Other amounts receivable | 41 | €185,347 | €185,356 | +€9 | 0.0% |
| Cash at bank and in hand | 54/58 | €20,430 | €70 | -€20,360 | -99.7% |
| Deferred charges and accrued income | 490/1 | €978 | €1,414 | +€437 | +44.6% |
| Total equity and liabilities | 10/49 | €315,929 | €394,823 | +€78,894 | +25.0% |
| Equity | 10/15 | €150,220 | €172,003 | +€21,782 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,620 | €153,403 | +€21,782 | +16.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €131,620 | €153,403 | +€21,782 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €165,709 | €222,821 | +€57,112 | +34.5% |
| Amounts payable within one year | 42/48 | €165,589 | €222,701 | +€57,112 | +34.5% |
| Financial debts | 43 | €56,000 | €123,766 | +€67,766 | +121% |
| Credit institutions | 430/8 | €56,000 | €123,766 | +€67,766 | +121% |
| Trade debts | 44 | €8,032 | €22,219 | +€14,186 | +177% |
| Suppliers | 440/4 | €8,032 | €22,219 | +€14,186 | +177% |
| Taxes, remuneration and social security | 45 | €57,688 | €30,914 | -€26,774 | -46.4% |
| Taxes | 450/3 | €50,960 | €24,036 | -€26,924 | -52.8% |
| Remuneration and social security | 454/9 | €6,728 | €6,878 | +€150 | +2.2% |
| Other amounts payable | 47/48 | €43,868 | €45,802 | +€1,934 | +4.4% |
| Accrued charges and deferred income | 492/3 | €120 | €120 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | €99 | -€952 | -90.6% |
| Other operating charges | 640/8 | €1,521 | €1,586 | +€65 | +4.3% |
| Gross operating margin | 9900 | €95,961 | €41,920 | -€54,040 | -56.3% |
| Operating profit (loss) | 9901 | €93,389 | €40,235 | -€53,154 | -56.9% |
| Financial income | 75/76B | €1,507 | €2,277 | +€770 | +51.1% |
| Recurring financial income | 75 | €1,507 | €2,277 | +€770 | +51.1% |
| Financial charges | 65/66B | €6,610 | €7,375 | +€765 | +11.6% |
| Recurring financial charges | 65 | €6,610 | €7,375 | +€765 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €88,286 | €35,137 | -€53,148 | -60.2% |
| Income taxes | 67/77 | €27,721 | €13,355 | -€14,366 | -51.8% |
| Profit (loss) for the period | 9904 | €60,565 | €21,782 | -€38,783 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,565 | €21,782 | -€38,783 | -64.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.