CEO 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.
CEO SERVICES
Largest movements
- Cash +€24,373
up €24,373 (+48.1%), from €50,650 to €75,023
mainly Net result for the year (+€51,756) and Depreciation (+€26,979)
- Tangible fixed assets -€14,574
down €14,574 (-16.8%), from €86,637 to €72,063
of which Leasing and similar rights: -€8,976
- Receivables within one year -€9,349
down €9,349 (-15.6%), from €59,755 to €50,406
of which Trade receivables: -€9,197
- Trade debts +€24,206
up €24,206 (+630.1%), from €3,842 to €28,047
- Profit (loss) carried forward -€13,776
down €13,776 (-14.9%), from €92,767 to €78,991
- Debts after one year -€10,435
down €10,435 (-28.1%), from €37,155 to €26,720
- Current portion of long-term debt +€10,241
up €10,241 (+42.9%), from €23,845 to €34,086
- Reserves -€4,467
down €4,467 (-22.2%), from €20,138 to €15,671
- Taxes +€6,730
up €6,730 (+67.5%), from €9,973 to €16,703
- Gross operating margin -€5,617
down €5,617 (-5.3%), from €106,814 to €101,197
- Depreciation +€1,443
up €1,443 (+5.6%), from €25,537 to €26,979
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.
Cash bridge derived
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 | €199,866 | €200,316 | +€450 | +0.2% |
| Fixed assets | 21/28 | €86,852 | €72,278 | -€14,574 | -16.8% |
| Tangible fixed assets | 22/27 | €86,637 | €72,063 | -€14,574 | -16.8% |
| Plant, machinery and equipment | 23 | €34,054 | €31,404 | -€2,650 | -7.8% |
| Furniture and vehicles | 24 | €12,168 | €9,220 | -€2,948 | -24.2% |
| Leasing and similar rights | 25 | €40,415 | €31,439 | -€8,976 | -22.2% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €113,014 | €128,038 | +€15,024 | +13.3% |
| Amounts receivable within one year | 40/41 | €59,755 | €50,406 | -€9,349 | -15.6% |
| Trade receivables | 40 | €16,470 | €7,273 | -€9,197 | -55.8% |
| Other amounts receivable | 41 | €43,285 | €43,133 | -€152 | -0.4% |
| Cash at bank and in hand | 54/58 | €50,650 | €75,023 | +€24,373 | +48.1% |
| Deferred charges and accrued income | 490/1 | €2,609 | €2,609 | = | 0.0% |
| Total equity and liabilities | 10/49 | €199,866 | €200,316 | +€450 | +0.2% |
| Equity | 10/15 | €122,905 | €104,662 | -€18,244 | -14.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,138 | €15,671 | -€4,467 | -22.2% |
| Tax-exempt reserves | 132 | €20,138 | €15,671 | -€4,467 | -22.2% |
| Profit (loss) carried forward | 14 | €92,767 | €78,991 | -€13,776 | -14.9% |
| Provisions and deferred taxes | 16 | €5,035 | €3,918 | -€1,117 | -22.2% |
| Deferred taxes | 168 | €5,035 | €3,918 | -€1,117 | -22.2% |
| Amounts payable | 17/49 | €71,926 | €91,736 | +€19,811 | +27.5% |
| Amounts payable after more than one year | 17 | €37,155 | €26,720 | -€10,435 | -28.1% |
| Financial debts | 170/4 | €37,155 | €26,720 | -€10,435 | -28.1% |
| Amounts payable within one year | 42/48 | €34,771 | €65,017 | +€30,246 | +87.0% |
| Current portion of amounts payable after more than one year | 42 | €23,845 | €34,086 | +€10,241 | +42.9% |
| Trade debts | 44 | €3,842 | €28,047 | +€24,206 | +630.1% |
| Suppliers | 440/4 | €3,842 | €28,047 | +€24,206 | +630.1% |
| Taxes, remuneration and social security | 45 | €7,085 | €2,884 | -€4,201 | -59.3% |
| Taxes | 450/3 | €7,085 | €2,884 | -€4,201 | -59.3% |
| Non-recurring operating income | 76A | €27,921 | €250 | -€27,671 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,537 | €26,979 | +€1,443 | +5.6% |
| Other operating charges | 640/8 | €799 | €972 | +€173 | +21.6% |
| Gross operating margin | 9900 | €106,814 | €101,197 | -€5,617 | -5.3% |
| Operating profit (loss) | 9901 | €80,479 | €73,246 | -€7,232 | -9.0% |
| Financial income | 75/76B | €2,123 | €2,222 | +€98 | +4.6% |
| Recurring financial income | 75 | €2,123 | €2,222 | +€98 | +4.6% |
| Financial charges | 65/66B | €9,136 | €8,125 | -€1,011 | -11.1% |
| Recurring financial charges | 65 | €9,136 | €8,125 | -€1,011 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €73,466 | €67,343 | -€6,123 | -8.3% |
| Transfer from deferred taxes | 780 | €550 | €1,117 | +€567 | +103.2% |
| Transfer to deferred taxes | 680 | €5,584 | - | -€5,584 | |
| Income taxes | 67/77 | €9,973 | €16,703 | +€6,730 | +67.5% |
| Profit (loss) for the period | 9904 | €58,459 | €51,756 | -€6,702 | -11.5% |
| Transfer from tax-exempt reserves | 789 | €2,199 | €4,467 | +€2,268 | +103.2% |
| Transfer to tax-exempt reserves | 689 | €22,337 | - | -€22,337 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,321 | €56,224 | +€17,903 | +46.7% |
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 9 October 2026 via checked.be.