CSD-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.
CSD-Services
Largest movements
- Receivables within one year +€11,265
up €11,265 (+1409.3%), from €799 to €12,064
of which Trade receivables: +€10,640
- Cash -€5,219
down €5,219 (-60.5%), from €8,624 to €3,405
mainly Receivables within one year (-€11,265) and Deferred charges and accrued income (-€2,051)
- Deferred charges and accrued income +€2,051
new in 2025: €2,051
- Tangible fixed assets -€1,223
down €1,223 (-21.9%), from €5,577 to €4,354
of which Furniture and vehicles: -€2,750
- Reserves +€8,135
up €8,135 (+154.1%), from €5,278 to €13,412
- Trade debts -€1,446
down €1,446 (-26.0%), from €5,552 to €4,106
- Tax, wage and social debts +€353
up €353 (+15.5%), from €2,278 to €2,631
- Gross operating margin -€78,365
down €78,365 (-81.5%), from €96,186 to €17,821
- Staff costs -€74,206
no longer reported in 2025 (was €74,206)
- Financial income +€3,562
up €3,562 (+16384.6%), from €22 to €3,584
- Financial charges -€1,995
down €1,995 (-29.8%), from €6,705 to €4,710
- Depreciation -€1,209
down €1,209 (-27.9%), from €4,331 to €3,122
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 | €15,275 | €22,149 | +€6,874 | +45.0% |
| Fixed assets | 21/28 | €5,852 | €4,629 | -€1,223 | -20.9% |
| Tangible fixed assets | 22/27 | €5,577 | €4,354 | -€1,223 | -21.9% |
| Plant, machinery and equipment | 23 | €412 | €1,939 | +€1,527 | +370.2% |
| Furniture and vehicles | 24 | €5,164 | €2,415 | -€2,750 | -53.2% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €9,423 | €17,520 | +€8,097 | +85.9% |
| Amounts receivable within one year | 40/41 | €799 | €12,064 | +€11,265 | +1409.3% |
| Trade receivables | 40 | - | €10,640 | +€10,640 | |
| Other amounts receivable | 41 | €799 | €1,424 | +€625 | +78.2% |
| Cash at bank and in hand | 54/58 | €8,624 | €3,405 | -€5,219 | -60.5% |
| Deferred charges and accrued income | 490/1 | - | €2,051 | +€2,051 | |
| Total equity and liabilities | 10/49 | €15,275 | €22,149 | +€6,874 | +45.0% |
| Equity | 10/15 | €7,278 | €15,412 | +€8,135 | +111.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,278 | €13,412 | +€8,135 | +154.1% |
| Distributable reserves | 133 | €5,278 | €13,412 | +€8,135 | +154.1% |
| Amounts payable | 17/49 | €7,997 | €6,737 | -€1,261 | -15.8% |
| Amounts payable within one year | 42/48 | €7,829 | €6,737 | -€1,093 | -14.0% |
| Trade debts | 44 | €5,552 | €4,106 | -€1,446 | -26.0% |
| Suppliers | 440/4 | €5,552 | €4,106 | -€1,446 | -26.0% |
| Taxes, remuneration and social security | 45 | €2,278 | €2,631 | +€353 | +15.5% |
| Taxes | 450/3 | €2,278 | €2,631 | +€353 | +15.5% |
| Accrued charges and deferred income | 492/3 | €168 | - | -€168 | |
| Remuneration, social security and pensions | 62 | €74,206 | - | -€74,206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,331 | €3,122 | -€1,209 | -27.9% |
| Other operating charges | 640/8 | €100 | €241 | +€141 | +140.5% |
| Non-recurring operating charges | 66A | €550 | €506 | -€44 | -8.1% |
| Gross operating margin | 9900 | €96,186 | €17,821 | -€78,365 | -81.5% |
| Operating profit (loss) | 9901 | €17,000 | €13,953 | -€3,047 | -17.9% |
| Financial income | 75/76B | €22 | €3,584 | +€3,562 | +16384.6% |
| Recurring financial income | 75 | €22 | €3,584 | +€3,562 | +16384.6% |
| Financial charges | 65/66B | €6,705 | €4,710 | -€1,995 | -29.8% |
| Recurring financial charges | 65 | €6,705 | €4,710 | -€1,995 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €10,317 | €12,827 | +€2,510 | +24.3% |
| Income taxes | 67/77 | €5,039 | €4,692 | -€347 | -6.9% |
| Profit (loss) for the period | 9904 | €5,278 | €8,135 | +€2,857 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,278 | €8,135 | +€2,857 | +54.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.