BELGIUM FULL 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.
BELGIUM FULL SERVICES
Largest movements
- Receivables within one year +€259,244
up €259,244 (+53.1%), from €488,338 to €747,582
of which Trade receivables: +€244,442
- Current investments +€172,490
new in 2024: €172,490
- Cash -€90,063
no longer reported in 2024 (was €90,063)
mainly Receivables within one year (-€259,244) and Current investments (-€172,490)
- Deferred charges and accrued income -€18,179
down €18,179 (-57.7%), from €31,530 to €13,350
- Tangible fixed assets +€16,786
up €16,786 (+164%), from €10,207 to €26,993
of which Furniture and vehicles: +€17,186
- Tax, wage and social debts +€144,548
up €144,548 (+65.8%), from €219,786 to €364,334
of which Taxes: +€202,031
- Trade debts +€128,909
up €128,909 (+122%), from €105,385 to €234,294
- Reserves +€66,799
up €66,799 (+23.9%), from €279,607 to €346,407
- Gross operating margin +€154,029
up €154,029 (+35.1%), from €438,217 to €592,247
- Taxes +€132,251
up €132,251 (+279%), from €47,325 to €179,576
- Financial income -€73,482
down €73,482 (-82.4%), from €89,231 to €15,748
- Staff costs +€70,700
up €70,700 (+26.1%), from €270,427 to €341,127
- Financial charges -€59,857
down €59,857 (-85.0%), from €70,420 to €10,562
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €627,356 | €967,634 | +€340,278 | +54.2% |
| Fixed assets | 21/28 | €17,426 | €34,212 | +€16,786 | +96.3% |
| Tangible fixed assets | 22/27 | €10,207 | €26,993 | +€16,786 | +164% |
| Plant, machinery and equipment | 23 | €1,277 | €877 | -€400 | -31.3% |
| Furniture and vehicles | 24 | €8,930 | €26,116 | +€17,186 | +192% |
| Financial fixed assets | 28 | €7,219 | €7,219 | = | 0.0% |
| Current assets | 29/58 | €609,930 | €933,422 | +€323,492 | +53.0% |
| Amounts receivable within one year | 40/41 | €488,338 | €747,582 | +€259,244 | +53.1% |
| Trade receivables | 40 | €346,553 | €590,995 | +€244,442 | +70.5% |
| Other amounts receivable | 41 | €141,785 | €156,586 | +€14,802 | +10.4% |
| Current investments | 50/53 | - | €172,490 | +€172,490 | |
| Cash at bank and in hand | 54/58 | €90,063 | - | -€90,063 | |
| Deferred charges and accrued income | 490/1 | €31,530 | €13,350 | -€18,179 | -57.7% |
| Total equity and liabilities | 10/49 | €627,356 | €967,634 | +€340,278 | +54.2% |
| Equity | 10/15 | €302,185 | €369,007 | +€66,821 | +22.1% |
| Contributions | 10/11 | €22,600 | €22,600 | = | 0.0% |
| Reserves | 13 | €279,607 | €346,407 | +€66,799 | +23.9% |
| Distributable reserves | 133 | €279,607 | €346,407 | +€66,799 | +23.9% |
| Profit (loss) carried forward | 14 | -€22 | - | +€22 | |
| Amounts payable | 17/49 | €325,171 | €598,628 | +€273,457 | +84.1% |
| Amounts payable within one year | 42/48 | €325,171 | €598,628 | +€273,457 | +84.1% |
| Trade debts | 44 | €105,385 | €234,294 | +€128,909 | +122% |
| Suppliers | 440/4 | €105,385 | €234,294 | +€128,909 | +122% |
| Taxes, remuneration and social security | 45 | €219,786 | €364,334 | +€144,548 | +65.8% |
| Taxes | 450/3 | €155,482 | €357,513 | +€202,031 | +130% |
| Remuneration and social security | 454/9 | €64,303 | €6,821 | -€57,483 | -89.4% |
| Remuneration, social security and pensions | 62 | €270,427 | €341,127 | +€70,700 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,636 | €4,911 | +€1,275 | +35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€27,000 | -€27,000 | |
| Other operating charges | 640/8 | €40,732 | €32,019 | -€8,713 | -21.4% |
| Gross operating margin | 9900 | €438,217 | €592,247 | +€154,029 | +35.1% |
| Operating profit (loss) | 9901 | €123,422 | €241,189 | +€117,767 | +95.4% |
| Financial income | 75/76B | €89,231 | €15,748 | -€73,482 | -82.4% |
| Recurring financial income | 75 | €89,231 | €15,748 | -€73,482 | -82.4% |
| Financial charges | 65/66B | €70,420 | €10,562 | -€59,857 | -85.0% |
| Recurring financial charges | 65 | €70,420 | €10,562 | -€59,857 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | €142,233 | €246,375 | +€104,142 | +73.2% |
| Income taxes | 67/77 | €47,325 | €179,576 | +€132,251 | +279% |
| Profit (loss) for the period | 9904 | €94,908 | €66,799 | -€28,109 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €94,908 | €66,799 | -€28,109 | -29.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.