Finance and 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.
Finance and Management Services
Largest movements
- Cash -€101,343
down €101,343 (-75.2%), from €134,747 to €33,404
mainly Receivables within one year (-€88,944) and Net result for the year (-€21,052)
- Receivables within one year +€88,944
up €88,944 (+771%), from €11,538 to €100,482
of which Other amounts receivable: +€87,435
- Intangible fixed assets -€10,718
down €10,718 (-25.0%), from €42,848 to €32,130
- Profit (loss) carried forward -€21,052
down €21,052 (-11.5%), from €182,906 to €161,855
- Tax, wage and social debts -€3,518
down €3,518 (-70.8%), from €4,971 to €1,453
- Gross operating margin -€116,794
down €116,794, from €108,834 to -€7,960
- Taxes -€21,288
down €21,288 (-99.2%), from €21,453 to €165
- Financial charges -€2,166
down €2,166 (-66.2%), from €3,272 to €1,105
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 | €189,377 | €166,146 | -€23,232 | -12.3% |
| Fixed assets | 21/28 | €42,848 | €32,130 | -€10,718 | -25.0% |
| Intangible fixed assets | 21 | €42,848 | €32,130 | -€10,718 | -25.0% |
| Current assets | 29/58 | €146,530 | €134,016 | -€12,514 | -8.5% |
| Amounts receivable within one year | 40/41 | €11,538 | €100,482 | +€88,944 | +771% |
| Trade receivables | 40 | - | €1,509 | +€1,509 | |
| Other amounts receivable | 41 | €11,538 | €98,973 | +€87,435 | +758% |
| Cash at bank and in hand | 54/58 | €134,747 | €33,404 | -€101,343 | -75.2% |
| Deferred charges and accrued income | 490/1 | €245 | €130 | -€115 | -46.8% |
| Total equity and liabilities | 10/49 | €189,377 | €166,146 | -€23,232 | -12.3% |
| Equity | 10/15 | €184,406 | €163,355 | -€21,052 | -11.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,906 | €161,855 | -€21,052 | -11.5% |
| Amounts payable | 17/49 | €4,971 | €2,791 | -€2,180 | -43.9% |
| Amounts payable within one year | 42/48 | €4,971 | €2,791 | -€2,180 | -43.9% |
| Trade debts | 44 | - | €1,338 | +€1,338 | |
| Suppliers | 440/4 | - | €1,338 | +€1,338 | |
| Taxes, remuneration and social security | 45 | €4,971 | €1,453 | -€3,518 | -70.8% |
| Taxes | 450/3 | €4,971 | €1,453 | -€3,518 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,717 | €10,718 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,449 | €1,820 | -€630 | -25.7% |
| Gross operating margin | 9900 | €108,834 | -€7,960 | -€116,794 | |
| Operating profit (loss) | 9901 | €95,668 | -€20,497 | -€116,165 | |
| Financial income | 75/76B | - | €716 | +€716 | |
| Recurring financial income | 75 | - | €716 | +€716 | |
| Financial charges | 65/66B | €3,272 | €1,105 | -€2,166 | -66.2% |
| Recurring financial charges | 65 | €3,272 | €1,105 | -€2,166 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €92,396 | -€20,887 | -€113,282 | |
| Income taxes | 67/77 | €21,453 | €165 | -€21,288 | -99.2% |
| Profit (loss) for the period | 9904 | €70,943 | -€21,052 | -€91,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,943 | -€21,052 | -€91,995 |
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 25 October 2026 via checked.be.