FOREIGN RELOCATION SERVICE: 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.
FOREIGN RELOCATION SERVICE
Largest movements
- Cash -€48,065
down €48,065 (-35.9%), from €133,794 to €85,729
mainly Net result for the year (-€39,775) and Receivables within one year (-€11,824)
- Tangible fixed assets -€16,832
down €16,832 (-32.8%), from €51,302 to €34,470
- Receivables within one year +€11,824
up €11,824 (+34.2%), from €34,566 to €46,390
of which Trade receivables: +€11,853
- Reserves -€39,775
down €39,775 (-34.3%), from €115,862 to €76,087
- Debts after one year -€11,019
down €11,019 (-51.8%), from €21,255 to €10,236
- Current portion of long-term debt -€7,289
down €7,289 (-39.8%), from €18,308 to €11,019
- Other debts +€6,392
up €6,392 (+46.1%), from €13,860 to €20,252
- Tax, wage and social debts -€4,509
down €4,509 (-19.3%), from €23,378 to €18,869
of which Taxes: -€3,113
- Gross operating margin -€42,342
down €42,342 (-41.9%), from €101,080 to €58,737
- Write-downs -€13,290
down €13,290 (-100.0%), from €13,290 to €0
- Staff costs +€2,906
up €2,906 (+3.9%), from €74,729 to €77,635
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 | €224,538 | €171,716 | -€52,822 | -23.5% |
| Fixed assets | 21/28 | €51,302 | €34,470 | -€16,832 | -32.8% |
| Tangible fixed assets | 22/27 | €51,302 | €34,470 | -€16,832 | -32.8% |
| Furniture and vehicles | 24 | €51,302 | €34,470 | -€16,832 | -32.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €173,236 | €137,246 | -€35,990 | -20.8% |
| Amounts receivable within one year | 40/41 | €34,566 | €46,390 | +€11,824 | +34.2% |
| Trade receivables | 40 | €29,547 | €41,399 | +€11,853 | +40.1% |
| Other amounts receivable | 41 | €5,020 | €4,991 | -€29 | -0.6% |
| Cash at bank and in hand | 54/58 | €133,794 | €85,729 | -€48,065 | -35.9% |
| Deferred charges and accrued income | 490/1 | €4,876 | €5,127 | +€251 | +5.1% |
| Total equity and liabilities | 10/49 | €224,538 | €171,716 | -€52,822 | -23.5% |
| Equity | 10/15 | €134,454 | €94,679 | -€39,775 | -29.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €115,862 | €76,087 | -€39,775 | -34.3% |
| Distributable reserves | 133 | €115,862 | €76,087 | -€39,775 | -34.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,084 | €77,037 | -€13,047 | -14.5% |
| Amounts payable after more than one year | 17 | €21,255 | €10,236 | -€11,019 | -51.8% |
| Financial debts | 170/4 | €21,255 | €10,236 | -€11,019 | -51.8% |
| Amounts payable within one year | 42/48 | €60,961 | €59,041 | -€1,920 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €18,308 | €11,019 | -€7,289 | -39.8% |
| Financial debts | 43 | €284 | €542 | +€258 | +90.7% |
| Credit institutions | 430/8 | €284 | €542 | +€258 | +90.7% |
| Trade debts | 44 | €5,131 | €8,360 | +€3,229 | +62.9% |
| Suppliers | 440/4 | €5,131 | €8,360 | +€3,229 | +62.9% |
| Taxes, remuneration and social security | 45 | €23,378 | €18,869 | -€4,509 | -19.3% |
| Taxes | 450/3 | €11,152 | €8,040 | -€3,113 | -27.9% |
| Remuneration and social security | 454/9 | €12,226 | €10,829 | -€1,396 | -11.4% |
| Other amounts payable | 47/48 | €13,860 | €20,252 | +€6,392 | +46.1% |
| Accrued charges and deferred income | 492/3 | €7,868 | €7,760 | -€108 | -1.4% |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100.0% |
| Remuneration, social security and pensions | 62 | €74,729 | €77,635 | +€2,906 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,531 | €16,832 | -€699 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,290 | €0 | -€13,290 | -100.0% |
| Other operating charges | 640/8 | €2,259 | €1,880 | -€378 | -16.8% |
| Gross operating margin | 9900 | €101,080 | €58,737 | -€42,342 | -41.9% |
| Operating profit (loss) | 9901 | -€6,729 | -€37,610 | -€30,881 | -458.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,969 | €1,883 | -€85 | -4.3% |
| Recurring financial charges | 65 | €1,969 | €1,883 | -€85 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,698 | -€39,493 | -€30,795 | -354.1% |
| Income taxes | 67/77 | €258 | €282 | +€24 | +9.4% |
| Profit (loss) for the period | 9904 | -€8,955 | -€39,775 | -€30,820 | -344.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,955 | -€39,775 | -€30,820 | -344.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.