FLUID SERVICES S.A.: 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.
FLUID SERVICES S.A.
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+145%), from €815,908 to €2.0m
- Receivables within one year -€53,450
down €53,450 (-8.3%), from €642,533 to €589,083
of which Trade receivables: -€60,360
- Cash -€35,975
down €35,975 (-22.4%), from €160,744 to €124,769
mainly Investment in fixed assets (net) (-€1.4m) and Other debts (-€76,498)
- Debts after one year +€693,677
up €693,677 (+104%), from €664,436 to €1.4m
of which Financial debts: +€692,796
- Profit (loss) carried forward +€267,269
up €267,269 (+76.6%), from €349,072 to €616,341
- Current portion of long-term debt +€137,091
up €137,091 (+104%), from €132,018 to €269,109
- Trade debts +€134,935
up €134,935 (+28.4%), from €475,581 to €610,516
- Other debts -€76,498
down €76,498 (-93.9%), from €81,498 to €5,000
- Gross operating margin +€282,831
up €282,831 (+40.8%), from €693,021 to €975,851
- Staff costs +€192,388
up €192,388 (+119%), from €162,014 to €354,401
- Depreciation +€73,418
up €73,418 (+48.9%), from €150,013 to €223,431
- Financial charges +€21,939
up €21,939 (+58.4%), from €37,565 to €59,505
- Write-downs -€9,963
no longer reported in 2025 (was €9,963)
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 | €2,102,146 | €3,233,796 | +€1.1m | +53.8% |
| Fixed assets | 21/28 | €815,908 | €1,996,160 | +€1.2m | +145% |
| Tangible fixed assets | 22/27 | €815,908 | €1,996,160 | +€1.2m | +145% |
| Land and buildings | 22 | €445,392 | €889,558 | +€444,167 | +99.7% |
| Plant, machinery and equipment | 23 | €280,492 | €403,648 | +€123,156 | +43.9% |
| Furniture and vehicles | 24 | €90,024 | €269,982 | +€179,957 | +200% |
| Leasing and similar rights | 25 | - | €432,971 | +€432,971 | |
| Current assets | 29/58 | €1,286,238 | €1,237,637 | -€48,601 | -3.8% |
| Stocks and contracts in progress | 3 | €467,876 | €493,114 | +€25,238 | +5.4% |
| Stocks | 30/36 | €467,876 | €493,114 | +€25,238 | +5.4% |
| Amounts receivable within one year | 40/41 | €642,533 | €589,083 | -€53,450 | -8.3% |
| Trade receivables | 40 | €642,429 | €582,069 | -€60,360 | -9.4% |
| Other amounts receivable | 41 | €103 | €7,014 | +€6,910 | +6,677% |
| Cash at bank and in hand | 54/58 | €160,744 | €124,769 | -€35,975 | -22.4% |
| Deferred charges and accrued income | 490/1 | €15,085 | €30,670 | +€15,585 | +103% |
| Total equity and liabilities | 10/49 | €2,102,146 | €3,233,796 | +€1.1m | +53.8% |
| Equity | 10/15 | €459,072 | €726,341 | +€267,269 | +58.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €349,072 | €616,341 | +€267,269 | +76.6% |
| Amounts payable | 17/49 | €1,643,074 | €2,507,455 | +€864,382 | +52.6% |
| Amounts payable after more than one year | 17 | €664,436 | €1,358,112 | +€693,677 | +104% |
| Financial debts | 170/4 | €601,502 | €1,294,297 | +€692,796 | +115% |
| Other amounts payable | 178/9 | €62,934 | €63,815 | +€881 | +1.4% |
| Amounts payable within one year | 42/48 | €962,564 | €1,146,107 | +€183,544 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €132,018 | €269,109 | +€137,091 | +104% |
| Financial debts | 43 | €139,292 | €105,576 | -€33,716 | -24.2% |
| Credit institutions | 430/8 | €139,292 | €105,576 | -€33,716 | -24.2% |
| Trade debts | 44 | €475,581 | €610,516 | +€134,935 | +28.4% |
| Suppliers | 440/4 | €475,581 | €610,516 | +€134,935 | +28.4% |
| Taxes, remuneration and social security | 45 | €134,175 | €155,907 | +€21,732 | +16.2% |
| Taxes | 450/3 | €114,072 | €76,713 | -€37,360 | -32.8% |
| Remuneration and social security | 454/9 | €20,103 | €79,194 | +€59,092 | +294% |
| Other amounts payable | 47/48 | €81,498 | €5,000 | -€76,498 | -93.9% |
| Accrued charges and deferred income | 492/3 | €16,074 | €3,236 | -€12,838 | -79.9% |
| Remuneration, social security and pensions | 62 | €162,014 | €354,401 | +€192,388 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,013 | €223,431 | +€73,418 | +48.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,963 | - | -€9,963 | |
| Other operating charges | 640/8 | €6,245 | €10,126 | +€3,881 | +62.1% |
| Gross operating margin | 9900 | €693,021 | €975,851 | +€282,831 | +40.8% |
| Operating profit (loss) | 9901 | €364,786 | €387,893 | +€23,107 | +6.3% |
| Financial income | 75/76B | €2,932 | €2,338 | -€594 | -20.2% |
| Recurring financial income | 75 | €2,932 | €2,338 | -€594 | -20.2% |
| Financial charges | 65/66B | €37,565 | €59,505 | +€21,939 | +58.4% |
| Recurring financial charges | 65 | €37,565 | €59,505 | +€21,939 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €330,153 | €330,727 | +€574 | +0.2% |
| Income taxes | 67/77 | €64,677 | €63,458 | -€1,219 | -1.9% |
| Profit (loss) for the period | 9904 | €265,476 | €267,269 | +€1,793 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €265,476 | €267,269 | +€1,793 | +0.7% |
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 15 October 2026 via checked.be.