F. MANAGEMENT SERVICES: what changed
Two fiscal 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.
F. MANAGEMENT SERVICES
Largest movements
- Cash +€22,789
up €22,789 (+119.9%), from €19,008 to €41,797
mainly Net result for the year (+€34,747) and Other debts (+€21,000)
- Receivables within one year +€15,309
up €15,309 (+103.5%), from €14,791 to €30,100
of which Trade receivables: +€20,176
- Tangible fixed assets -€2,896
down €2,896 (-20.8%), from €13,923 to €11,027
of which Other tangible fixed assets: -€1,677
- Other debts +€21,000
new in 2024: €21,000
- Tax, wage and social debts +€16,702
up €16,702 (+660.4%), from €2,529 to €19,231
of which Taxes: +€17,527
- Advances received -€12,100
no longer reported in 2024 (was €12,100)
- Trade debts +€4,867
up €4,867 (+187.0%), from €2,603 to €7,471
- Profit (loss) carried forward +€4,747
up €4,747 (+85.4%), from €5,558 to €10,304
- Gross operating margin +€59,440
up €59,440, from -€8,715 to €50,725
- Turnover +€31,844
up €31,844 (+50.1%), from €63,584 to €95,427
- Purchases and services -€27,596
down €27,596 (-38.2%), from €72,299 to €44,703
- Other operating charges -€1,530
down €1,530 (-52.3%), from €2,925 to €1,394
- Depreciation +€1,130
up €1,130 (+36.6%), from €3,087 to €4,217
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.
Cash bridge derived
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 | €48,250 | €83,466 | +€35,216 | +73.0% |
| Fixed assets | 21/28 | €13,973 | €11,077 | -€2,896 | -20.7% |
| Tangible fixed assets | 22/27 | €13,923 | €11,027 | -€2,896 | -20.8% |
| Furniture and vehicles | 24 | €8,892 | €7,673 | -€1,219 | -13.7% |
| Other tangible fixed assets | 26 | €5,031 | €3,354 | -€1,677 | -33.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €34,277 | €72,389 | +€38,112 | +111.2% |
| Amounts receivable within one year | 40/41 | €14,791 | €30,100 | +€15,309 | +103.5% |
| Trade receivables | 40 | €3,087 | €23,262 | +€20,176 | +653.7% |
| Other amounts receivable | 41 | €11,704 | €6,838 | -€4,866 | -41.6% |
| Cash at bank and in hand | 54/58 | €19,008 | €41,797 | +€22,789 | +119.9% |
| Deferred charges and accrued income | 490/1 | €478 | €492 | +€14 | +2.8% |
| Total equity and liabilities | 10/49 | €48,250 | €83,466 | +€35,216 | +73.0% |
| Equity | 10/15 | €31,018 | €35,764 | +€4,747 | +15.3% |
| Contributions | 10/11 | €14,600 | €16,460 | +€1,860 | +12.7% |
| Reserves | 13 | €10,860 | €9,000 | -€1,860 | -17.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,558 | €10,304 | +€4,747 | +85.4% |
| Amounts payable | 17/49 | €17,233 | €47,702 | +€30,469 | +176.8% |
| Amounts payable within one year | 42/48 | €17,233 | €47,702 | +€30,469 | +176.8% |
| Trade debts | 44 | €2,603 | €7,471 | +€4,867 | +187.0% |
| Suppliers | 440/4 | €2,603 | €7,471 | +€4,867 | +187.0% |
| Advances received on contracts in progress | 46 | €12,100 | - | -€12,100 | |
| Taxes, remuneration and social security | 45 | €2,529 | €19,231 | +€16,702 | +660.4% |
| Taxes | 450/3 | €1,204 | €18,731 | +€17,527 | +1455.6% |
| Remuneration and social security | 454/9 | €1,325 | €500 | -€825 | -62.3% |
| Other amounts payable | 47/48 | - | €21,000 | +€21,000 | |
| Turnover | 70 | €63,584 | €95,427 | +€31,844 | +50.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €72,299 | €44,703 | -€27,596 | -38.2% |
| Remuneration, social security and pensions | 62 | €2,906 | €2,493 | -€414 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,087 | €4,217 | +€1,130 | +36.6% |
| Other operating charges | 640/8 | €2,925 | €1,394 | -€1,530 | -52.3% |
| Gross operating margin | 9900 | -€8,715 | €50,725 | +€59,440 | |
| Operating profit (loss) | 9901 | -€17,632 | €42,621 | +€60,254 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €132 | €120 | -€12 | -9.4% |
| Recurring financial charges | 65 | €132 | €120 | -€12 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,764 | €42,502 | +€60,266 | |
| Income taxes | 67/77 | €7,521 | €7,755 | +€234 | +3.1% |
| Profit (loss) for the period | 9904 | -€25,286 | €34,747 | +€60,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,286 | €34,747 | +€60,032 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.