CR. SERVICE: 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.
CR. SERVICE
Largest movements
- Cash -€92,940
down €92,940 (-35.3%), from €263,482 to €170,542
mainly Current portion of long-term debt (-€50,188) and Contributions, distributions and other (-€38,649)
- Tangible fixed assets -€28,867
down €28,867 (-8.2%), from €351,418 to €322,551
of which Land and buildings: -€26,855
- Current portion of long-term debt -€50,188
down €50,188 (-66.0%), from €76,096 to €25,908
- Reserves -€38,649
down €38,649 (-15.3%), from €252,250 to €213,601
of which Tax-exempt reserves: -€38,649
- Profit (loss) carried forward +€25,734
up €25,734 (+63.8%), from -€40,334 to -€14,600
- Debts after one year -€24,880
down €24,880 (-11.0%), from €226,674 to €201,794
- Provisions -€19,911
down €19,911 (-16.7%), from €119,466 to €99,555
- Gross operating margin -€8,097
down €8,097 (-35.1%), from €23,035 to €14,938
- Depreciation +€7,799
up €7,799 (+32.0%), from €24,355 to €32,154
- Financial charges -€4,236
down €4,236 (-20.3%), from €20,880 to €16,644
- Taxes -€2,039
down €2,039 (-85.1%), from €2,396 to €358
- Other operating charges -€1,996
no longer reported in 2025 (was €1,996)
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 | €794,154 | €676,991 | -€117,163 | -14.8% |
| Fixed assets | 21/28 | €496,963 | €466,900 | -€30,063 | -6.0% |
| Intangible fixed assets | 21 | €11,875 | €10,179 | -€1,696 | -14.3% |
| Tangible fixed assets | 22/27 | €351,418 | €322,551 | -€28,867 | -8.2% |
| Land and buildings | 22 | €339,127 | €312,273 | -€26,855 | -7.9% |
| Furniture and vehicles | 24 | €12,291 | €9,218 | -€3,073 | -25.0% |
| Other tangible fixed assets | 26 | - | €1,061 | +€1,061 | |
| Financial fixed assets | 28 | €133,670 | €134,170 | +€500 | +0.4% |
| Current assets | 29/58 | €297,191 | €210,091 | -€87,100 | -29.3% |
| Stocks and contracts in progress | 3 | - | €4,180 | +€4,180 | |
| Stocks | 30/36 | - | €4,180 | +€4,180 | |
| Amounts receivable within one year | 40/41 | €33,309 | €35,369 | +€2,059 | +6.2% |
| Trade receivables | 40 | €2,614 | €12,727 | +€10,114 | +387% |
| Other amounts receivable | 41 | €30,696 | €22,641 | -€8,054 | -26.2% |
| Cash at bank and in hand | 54/58 | €263,482 | €170,542 | -€92,940 | -35.3% |
| Deferred charges and accrued income | 490/1 | €400 | - | -€400 | |
| Total equity and liabilities | 10/49 | €794,154 | €676,991 | -€117,163 | -14.8% |
| Equity | 10/15 | €241,044 | €228,129 | -€12,915 | -5.4% |
| Contributions | 10/11 | €29,127 | €29,127 | = | 0.0% |
| Reserves | 13 | €252,250 | €213,601 | -€38,649 | -15.3% |
| Non-distributable reserves | 130/1 | €3,594 | €3,594 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,594 | €3,594 | = | 0.0% |
| Tax-exempt reserves | 132 | €236,894 | €198,245 | -€38,649 | -16.3% |
| Distributable reserves | 133 | €11,762 | €11,762 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,334 | -€14,600 | +€25,734 | +63.8% |
| Provisions and deferred taxes | 16 | €119,466 | €99,555 | -€19,911 | -16.7% |
| Provisions for liabilities and charges | 160/5 | €119,466 | €99,555 | -€19,911 | -16.7% |
| Taxes | 161 | €119,466 | €99,555 | -€19,911 | -16.7% |
| Amounts payable | 17/49 | €433,645 | €349,307 | -€84,338 | -19.4% |
| Amounts payable after more than one year | 17 | €226,674 | €201,794 | -€24,880 | -11.0% |
| Financial debts | 170/4 | €226,674 | €201,794 | -€24,880 | -11.0% |
| Amounts payable within one year | 42/48 | €206,141 | €146,683 | -€59,458 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €76,096 | €25,908 | -€50,188 | -66.0% |
| Financial debts | 43 | €49,527 | €48,977 | -€550 | -1.1% |
| Credit institutions | 430/8 | €49,527 | €48,977 | -€550 | -1.1% |
| Trade debts | 44 | €16,168 | €21,254 | +€5,086 | +31.5% |
| Suppliers | 440/4 | €16,168 | €21,254 | +€5,086 | +31.5% |
| Taxes, remuneration and social security | 45 | €661 | €358 | -€303 | -45.9% |
| Remuneration and social security | 454/9 | €661 | €358 | -€303 | -45.9% |
| Other amounts payable | 47/48 | €63,688 | €50,186 | -€13,503 | -21.2% |
| Accrued charges and deferred income | 492/3 | €830 | €830 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,355 | €32,154 | +€7,799 | +32.0% |
| Other operating charges | 640/8 | €1,996 | - | -€1,996 | |
| Gross operating margin | 9900 | €23,035 | €14,938 | -€8,097 | -35.1% |
| Operating profit (loss) | 9901 | -€3,315 | -€17,215 | -€13,900 | -419% |
| Financial income | 75/76B | €1,312 | €1,391 | +€79 | +6.0% |
| Recurring financial income | 75 | €1,312 | €1,391 | +€79 | +6.0% |
| Financial charges | 65/66B | €20,880 | €16,644 | -€4,236 | -20.3% |
| Recurring financial charges | 65 | €20,880 | €16,644 | -€4,236 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,882 | -€32,468 | -€9,586 | -41.9% |
| Transfer from deferred taxes | 780 | €58,560 | €58,560 | = | 0.0% |
| Income taxes | 67/77 | €2,396 | €358 | -€2,039 | -85.1% |
| Profit (loss) for the period | 9904 | €33,281 | €25,734 | -€7,547 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,281 | €25,734 | -€7,547 | -22.7% |
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 1 November 2026 via checked.be.