BELGIUM SERVICES&TP: 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 SERVICES&TP
Largest movements
- Receivables within one year +€513,842
up €513,842 (+5,001%), from €10,275 to €524,117
of which Trade receivables: +€517,840
- Cash +€42,900
up €42,900 (+127%), from €33,833 to €76,733
mainly Advances received (+€427,618) and Trade debts (+€203,487)
- Tangible fixed assets +€6,886
new in 2024: €6,886
of which Plant, machinery and equipment: +€4,373
- Advances received +€427,618
up €427,618, from €0 to €427,618
- Trade debts +€203,487
up €203,487 (+1,585%), from €12,839 to €216,327
- Profit (loss) carried forward -€71,406
down €71,406, from €23,424 to -€47,982
- Tax, wage and social debts +€7,158
up €7,158 (+115%), from €6,218 to €13,376
of which Remuneration and social security: +€4,454
- Gross operating margin -€90,959
down €90,959, from €29,621 to -€61,337
- Staff costs +€7,852
new in 2024: €7,852
- Taxes -€5,723
down €5,723 (-92.1%), from €6,212 to €489
- Other operating charges +€1,380
new in 2024: €1,380
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 | €45,584 | €609,339 | +€563,754 | +1,237% |
| Fixed assets | 21/28 | €1,476 | €8,362 | +€6,886 | +467% |
| Tangible fixed assets | 22/27 | - | €6,886 | +€6,886 | |
| Plant, machinery and equipment | 23 | - | €4,373 | +€4,373 | |
| Furniture and vehicles | 24 | - | €2,514 | +€2,514 | |
| Financial fixed assets | 28 | €1,476 | €1,476 | = | 0.0% |
| Current assets | 29/58 | €44,108 | €600,977 | +€556,868 | +1,262% |
| Amounts receivable within one year | 40/41 | €10,275 | €524,117 | +€513,842 | +5,001% |
| Trade receivables | 40 | €3,366 | €521,206 | +€517,840 | +15,384% |
| Other amounts receivable | 41 | €6,909 | €2,912 | -€3,998 | -57.9% |
| Cash at bank and in hand | 54/58 | €33,833 | €76,733 | +€42,900 | +127% |
| Deferred charges and accrued income | 490/1 | - | €126 | +€126 | |
| Total equity and liabilities | 10/49 | €45,584 | €609,339 | +€563,754 | +1,237% |
| Equity | 10/15 | €23,424 | -€47,982 | -€71,406 | |
| Profit (loss) carried forward | 14 | €23,424 | -€47,982 | -€71,406 | |
| Amounts payable | 17/49 | €22,160 | €657,320 | +€635,160 | +2,866% |
| Amounts payable within one year | 42/48 | €22,160 | €657,320 | +€635,160 | +2,866% |
| Trade debts | 44 | €12,839 | €216,327 | +€203,487 | +1,585% |
| Suppliers | 440/4 | €12,839 | €216,327 | +€203,487 | +1,585% |
| Advances received on contracts in progress | 46 | €0 | €427,618 | +€427,618 | |
| Taxes, remuneration and social security | 45 | €6,218 | €13,376 | +€7,158 | +115% |
| Taxes | 450/3 | €6,218 | €8,922 | +€2,704 | +43.5% |
| Remuneration and social security | 454/9 | - | €4,454 | +€4,454 | |
| Other amounts payable | 47/48 | €3,103 | - | -€3,103 | |
| Remuneration, social security and pensions | 62 | - | €7,852 | +€7,852 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €473 | +€473 | |
| Other operating charges | 640/8 | - | €1,380 | +€1,380 | |
| Gross operating margin | 9900 | €29,621 | -€61,337 | -€90,959 | |
| Operating profit (loss) | 9901 | €29,621 | -€71,043 | -€100,664 | |
| Financial income | 75/76B | €0 | €431 | +€431 | |
| Recurring financial income | 75 | €0 | €431 | +€431 | |
| Financial charges | 65/66B | €12 | €306 | +€294 | +2,472% |
| Recurring financial charges | 65 | €12 | €306 | +€294 | +2,472% |
| Profit (loss) for the period before taxes | 9903 | €29,610 | -€70,917 | -€100,527 | |
| Income taxes | 67/77 | €6,212 | €489 | -€5,723 | -92.1% |
| Profit (loss) for the period | 9904 | €23,398 | -€71,406 | -€94,804 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,398 | -€71,406 | -€94,804 |
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 28 October 2026 via checked.be.