BUSINESS 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.
BUSINESS MANAGEMENT SERVICES
Largest movements
- Receivables within one year +€48,400
up €48,400 (+17.0%), from €284,747 to €333,147
of which Trade receivables: +€48,400
- Cash -€28,608
down €28,608 (-72.1%), from €39,685 to €11,077
mainly Receivables within one year (-€48,400) and Current portion of long-term debt (-€15,590)
- Tangible fixed assets -€19,195
down €19,195 (-9.2%), from €209,293 to €190,098
- Other debts +€19,520
up €19,520 (+4.2%), from €462,315 to €481,835
- Current portion of long-term debt -€15,590
down €15,590 (-48.8%), from €31,941 to €16,351
- Other operating charges -€6,473
down €6,473 (-81.5%), from €7,944 to €1,471
- Gross operating margin -€3,836
down €3,836 (-13.5%), from €28,337 to €24,501
- Financial charges +€1,331
up €1,331 (+409%), from €325 to €1,656
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 | €634,739 | €636,535 | +€1,795 | +0.3% |
| Fixed assets | 21/28 | €309,364 | €291,168 | -€18,196 | -5.9% |
| Tangible fixed assets | 22/27 | €209,293 | €190,098 | -€19,195 | -9.2% |
| Land and buildings | 22 | €209,293 | €190,098 | -€19,195 | -9.2% |
| Financial fixed assets | 28 | €100,071 | €101,070 | +€999 | +1.0% |
| Current assets | 29/58 | €325,375 | €345,367 | +€19,992 | +6.1% |
| Amounts receivable within one year | 40/41 | €284,747 | €333,147 | +€48,400 | +17.0% |
| Trade receivables | 40 | €38,752 | €87,152 | +€48,400 | +125% |
| Other amounts receivable | 41 | €245,995 | €245,995 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €39,685 | €11,077 | -€28,608 | -72.1% |
| Deferred charges and accrued income | 490/1 | €943 | €1,143 | +€200 | +21.2% |
| Total equity and liabilities | 10/49 | €634,739 | €636,535 | +€1,795 | +0.3% |
| Equity | 10/15 | €72,174 | €73,933 | +€1,759 | +2.4% |
| Contributions | 10/11 | €50,208 | €50,208 | = | 0.0% |
| Capital | 10 | €50,208 | €50,208 | = | 0.0% |
| Issued capital | 100 | €62,608 | €62,608 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,401 | €4,401 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,401 | €4,401 | = | 0.0% |
| Legal reserve | 130 | €4,401 | €4,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,565 | €19,324 | +€1,759 | +10.0% |
| Amounts payable | 17/49 | €562,565 | €562,602 | +€37 | 0.0% |
| Amounts payable after more than one year | 17 | €6,528 | €2,775 | -€3,753 | -57.5% |
| Financial debts | 170/4 | €6,528 | €2,775 | -€3,753 | -57.5% |
| Amounts payable within one year | 42/48 | €556,037 | €559,827 | +€3,790 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €31,941 | €16,351 | -€15,590 | -48.8% |
| Trade debts | 44 | €51,632 | €49,140 | -€2,492 | -4.8% |
| Suppliers | 440/4 | €51,632 | €49,140 | -€2,492 | -4.8% |
| Taxes, remuneration and social security | 45 | €10,149 | €12,501 | +€2,351 | +23.2% |
| Taxes | 450/3 | €10,149 | €12,501 | +€2,351 | +23.2% |
| Other amounts payable | 47/48 | €462,315 | €481,835 | +€19,520 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,195 | €19,195 | = | 0.0% |
| Other operating charges | 640/8 | €7,944 | €1,471 | -€6,473 | -81.5% |
| Gross operating margin | 9900 | €28,337 | €24,501 | -€3,836 | -13.5% |
| Operating profit (loss) | 9901 | €1,199 | €3,835 | +€2,637 | +220% |
| Financial charges | 65/66B | €325 | €1,656 | +€1,331 | +409% |
| Recurring financial charges | 65 | €325 | €1,656 | +€1,331 | +409% |
| Profit (loss) for the period before taxes | 9903 | €873 | €2,179 | +€1,306 | +150% |
| Income taxes | 67/77 | €232 | €420 | +€188 | +81.0% |
| Profit (loss) for the period | 9904 | €641 | €1,759 | +€1,118 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €641 | €1,759 | +€1,118 | +174% |
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 31 October 2026 via checked.be.