Haute Meuse Services: what changed
Haute Meuse Services
Largest movements
- Receivables within one year +€145,087
up €145,087 (+287%), from €50,621 to €195,709
of which Other amounts receivable: +€149,606
- Cash -€131,569
down €131,569 (-47.7%), from €275,788 to €144,219
mainly Contributions, distributions and other (-€170,000) and Receivables within one year (-€145,087)
- Tangible fixed assets +€34,960
up €34,960 (+56.5%), from €61,835 to €96,794
of which Leasing and similar rights: +€46,455
- Reserves -€130,000
down €130,000 (-76.5%), from €170,000 to €40,000
- Debts after one year +€118,751
new in 2025: €118,751
- Other debts +€35,000
up €35,000 (+25.9%), from €135,000 to €170,000
- Current portion of long-term debt +€23,150
up €23,150 (+213%), from €10,870 to €34,020
- Tax, wage and social debts -€8,323
down €8,323 (-16.9%), from €49,334 to €41,011
of which Remuneration and social security: -€7,689
- Gross operating margin -€34,175
down €34,175 (-8.4%), from €406,302 to €372,127
- Staff costs +€12,284
up €12,284 (+4.8%), from €254,381 to €266,665
- Financial charges +€5,353
up €5,353 (+59.3%), from €9,019 to €14,372
- Financial income +€5,150
up €5,150 (+451%), from €1,142 to €6,291
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,825 | €568,181 | +€49,356 | +9.5% |
| Fixed assets | 21/28 | €65,285 | €100,244 | +€34,960 | +53.6% |
| Tangible fixed assets | 22/27 | €61,835 | €96,794 | +€34,960 | +56.5% |
| Plant, machinery and equipment | 23 | €3,431 | €6,375 | +€2,945 | +85.8% |
| Furniture and vehicles | 24 | €57,022 | €33,810 | -€23,212 | -40.7% |
| Leasing and similar rights | 25 | - | €46,455 | +€46,455 | |
| Other tangible fixed assets | 26 | €1,382 | €10,154 | +€8,772 | +635% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €453,540 | €467,937 | +€14,397 | +3.2% |
| Stocks and contracts in progress | 3 | €117,540 | €118,098 | +€558 | +0.5% |
| Stocks | 30/36 | €117,540 | €118,098 | +€558 | +0.5% |
| Amounts receivable within one year | 40/41 | €50,621 | €195,709 | +€145,087 | +287% |
| Trade receivables | 40 | €28,207 | €23,689 | -€4,518 | -16.0% |
| Other amounts receivable | 41 | €22,414 | €172,019 | +€149,606 | +667% |
| Cash at bank and in hand | 54/58 | €275,788 | €144,219 | -€131,569 | -47.7% |
| Deferred charges and accrued income | 490/1 | €9,591 | €9,911 | +€320 | +3.3% |
| Total equity and liabilities | 10/49 | €518,825 | €568,181 | +€49,356 | +9.5% |
| Equity | 10/15 | €194,156 | €68,236 | -€125,920 | -64.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €170,000 | €40,000 | -€130,000 | -76.5% |
| Distributable reserves | 133 | €170,000 | €40,000 | -€130,000 | -76.5% |
| Profit (loss) carried forward | 14 | €3,696 | €7,776 | +€4,080 | +110% |
| Amounts payable | 17/49 | €324,668 | €499,945 | +€175,276 | +54.0% |
| Amounts payable after more than one year | 17 | - | €118,751 | +€118,751 | |
| Financial debts | 170/4 | - | €118,751 | +€118,751 | |
| Amounts payable within one year | 42/48 | €324,657 | €379,921 | +€55,264 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €10,870 | €34,020 | +€23,150 | +213% |
| Trade debts | 44 | €129,453 | €134,890 | +€5,437 | +4.2% |
| Suppliers | 440/4 | €129,453 | €134,890 | +€5,437 | +4.2% |
| Taxes, remuneration and social security | 45 | €49,334 | €41,011 | -€8,323 | -16.9% |
| Taxes | 450/3 | €9,493 | €8,859 | -€634 | -6.7% |
| Remuneration and social security | 454/9 | €39,841 | €32,152 | -€7,689 | -19.3% |
| Other amounts payable | 47/48 | €135,000 | €170,000 | +€35,000 | +25.9% |
| Accrued charges and deferred income | 492/3 | €11 | €1,273 | +€1,261 | +11,134% |
| Non-recurring operating income | 76A | - | €7,870 | +€7,870 | |
| Remuneration, social security and pensions | 62 | €254,381 | €266,665 | +€12,284 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,051 | €22,678 | -€3,374 | -12.9% |
| Other operating charges | 640/8 | €16,885 | €17,972 | +€1,087 | +6.4% |
| Gross operating margin | 9900 | €406,302 | €372,127 | -€34,175 | -8.4% |
| Operating profit (loss) | 9901 | €108,985 | €64,812 | -€44,172 | -40.5% |
| Financial income | 75/76B | €1,142 | €6,291 | +€5,150 | +451% |
| Recurring financial income | 75 | €1,142 | €6,291 | +€5,150 | +451% |
| Financial charges | 65/66B | €9,019 | €14,372 | +€5,353 | +59.3% |
| Recurring financial charges | 65 | €9,019 | €14,372 | +€5,353 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €101,107 | €56,732 | -€44,375 | -43.9% |
| Income taxes | 67/77 | €15,230 | €12,652 | -€2,578 | -16.9% |
| Profit (loss) for the period | 9904 | €85,878 | €44,080 | -€41,797 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,878 | €44,080 | -€41,797 | -48.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.