Associated Service: what changed
Associated Service
Largest movements
- Cash -€37,044
down €37,044 (-20.3%), from €182,691 to €145,647
mainly Debts after one year (-€29,371) and Receivables within one year (-€7,895)
- Receivables within one year +€7,895
up €7,895 (+44.9%), from €17,603 to €25,498
- Debts after one year -€29,371
down €29,371 (-18.0%), from €162,972 to €133,601
- Trade debts -€4,283
down €4,283 (-43.9%), from €9,765 to €5,482
- Reserves +€3,469
up €3,469 (+19.7%), from €17,618 to €21,087
- Gross operating margin +€2,889
up €2,889 (+96.1%), from €3,007 to €5,896
- Taxes +€718
up €718 (+76.9%), from €933 to €1,650
- Other operating charges -€357
down €357 (-39.6%), from €901 to €544
- Write-downs +€345
new in 2025: €345
- Financial income +€107
up €107 (+67.0%), from €160 to €268
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 | €200,697 | €171,813 | -€28,884 | -14.4% |
| Current assets | 29/58 | €200,697 | €171,813 | -€28,884 | -14.4% |
| Amounts receivable within one year | 40/41 | €17,603 | €25,498 | +€7,895 | +44.9% |
| Trade receivables | 40 | €17,603 | €25,498 | +€7,895 | +44.9% |
| Cash at bank and in hand | 54/58 | €182,691 | €145,647 | -€37,044 | -20.3% |
| Deferred charges and accrued income | 490/1 | €403 | €668 | +€265 | +65.7% |
| Total equity and liabilities | 10/49 | €200,697 | €171,813 | -€28,884 | -14.4% |
| Equity | 10/15 | €22,618 | €26,087 | +€3,469 | +15.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,618 | €21,087 | +€3,469 | +19.7% |
| Distributable reserves | 133 | €17,618 | €21,087 | +€3,469 | +19.7% |
| Amounts payable | 17/49 | €178,080 | €145,727 | -€32,353 | -18.2% |
| Amounts payable after more than one year | 17 | €162,972 | €133,601 | -€29,371 | -18.0% |
| Financial debts | 170/4 | €162,972 | €133,601 | -€29,371 | -18.0% |
| Amounts payable within one year | 42/48 | €15,107 | €12,126 | -€2,981 | -19.7% |
| Trade debts | 44 | €9,765 | €5,482 | -€4,283 | -43.9% |
| Suppliers | 440/4 | €9,765 | €5,482 | -€4,283 | -43.9% |
| Taxes, remuneration and social security | 45 | €2,187 | €3,489 | +€1,302 | +59.5% |
| Taxes | 450/3 | €2,187 | €3,489 | +€1,302 | +59.5% |
| Other amounts payable | 47/48 | €3,155 | €3,155 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €345 | +€345 | |
| Other operating charges | 640/8 | €901 | €544 | -€357 | -39.6% |
| Gross operating margin | 9900 | €3,007 | €5,896 | +€2,889 | +96.1% |
| Operating profit (loss) | 9901 | €2,106 | €5,007 | +€2,901 | +138% |
| Financial income | 75/76B | €160 | €268 | +€107 | +67.0% |
| Recurring financial income | 75 | €160 | €268 | +€107 | +67.0% |
| Financial charges | 65/66B | €117 | €156 | +€39 | +33.3% |
| Recurring financial charges | 65 | €117 | €156 | +€39 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €2,149 | €5,119 | +€2,970 | +138% |
| Income taxes | 67/77 | €933 | €1,650 | +€718 | +76.9% |
| Profit (loss) for the period | 9904 | €1,217 | €3,469 | +€2,252 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €1,217 | €3,469 | +€2,252 | +185% |
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 2 November 2026 via checked.be.