HIGH 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.
HIGH SERVICES
Largest movements
- Cash +€134,753
up €134,753 (+174.9%), from €77,065 to €211,818
mainly Net result for the year (+€83,059) and Short-term financial debts (+€33,257)
- Intangible fixed assets -€5,212
down €5,212 (-72.3%), from €7,211 to €1,999
- Profit (loss) carried forward +€83,059
up €83,059 (+53.1%), from €156,384 to €239,443
- Short-term financial debts +€33,257
new in 2025: €33,257
- Trade debts +€16,402
up €16,402 (+13.1%), from €125,684 to €142,086
- Gross operating margin +€91,132
up €91,132 (+74.0%), from €123,171 to €214,303
- Staff costs +€15,478
up €15,478 (+21.2%), from €73,003 to €88,481
- Taxes +€14,980
up €14,980 (+158.6%), from €9,446 to €24,426
- Write-downs +€5,396
new in 2025: €5,396
- Financial charges -€3,447
down €3,447 (-43.0%), from €8,011 to €4,564
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 | €322,232 | €453,055 | +€130,823 | +40.6% |
| Fixed assets | 21/28 | €7,785 | €4,102 | -€3,683 | -47.3% |
| Intangible fixed assets | 21 | €7,211 | €1,999 | -€5,212 | -72.3% |
| Tangible fixed assets | 22/27 | €574 | €2,102 | +€1,529 | +266.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €574 | €2,102 | +€1,529 | +266.5% |
| Current assets | 29/58 | €314,447 | €448,953 | +€134,506 | +42.8% |
| Amounts receivable within one year | 40/41 | €236,224 | €236,489 | +€265 | +0.1% |
| Trade receivables | 40 | €229,670 | €234,382 | +€4,713 | +2.1% |
| Other amounts receivable | 41 | €6,555 | €2,107 | -€4,447 | -67.9% |
| Cash at bank and in hand | 54/58 | €77,065 | €211,818 | +€134,753 | +174.9% |
| Deferred charges and accrued income | 490/1 | €1,158 | €645 | -€512 | -44.3% |
| Total equity and liabilities | 10/49 | €322,232 | €453,055 | +€130,823 | +40.6% |
| Equity | 10/15 | €164,444 | €247,503 | +€83,059 | +50.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,384 | €239,443 | +€83,059 | +53.1% |
| Amounts payable | 17/49 | €157,788 | €205,552 | +€47,764 | +30.3% |
| Amounts payable within one year | 42/48 | €157,788 | €205,552 | +€47,764 | +30.3% |
| Financial debts | 43 | - | €33,257 | +€33,257 | |
| Credit institutions | 430/8 | - | €33,257 | +€33,257 | |
| Trade debts | 44 | €125,684 | €142,086 | +€16,402 | +13.1% |
| Suppliers | 440/4 | €125,684 | €142,086 | +€16,402 | +13.1% |
| Taxes, remuneration and social security | 45 | €32,104 | €30,209 | -€1,895 | -5.9% |
| Taxes | 450/3 | €25,461 | €20,576 | -€4,885 | -19.2% |
| Remuneration and social security | 454/9 | €6,643 | €9,633 | +€2,990 | +45.0% |
| Remuneration, social security and pensions | 62 | €73,003 | €88,481 | +€15,478 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,816 | €5,917 | -€899 | -13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,396 | +€5,396 | |
| Other operating charges | 640/8 | €529 | €2,493 | +€1,964 | +371.0% |
| Gross operating margin | 9900 | €123,171 | €214,303 | +€91,132 | +74.0% |
| Operating profit (loss) | 9901 | €42,823 | €112,017 | +€69,194 | +161.6% |
| Financial income | 75/76B | €60 | €32 | -€27 | -45.6% |
| Recurring financial income | 75 | €60 | €32 | -€27 | -45.6% |
| Financial charges | 65/66B | €8,011 | €4,564 | -€3,447 | -43.0% |
| Recurring financial charges | 65 | €8,011 | €4,564 | -€3,447 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €34,871 | €107,485 | +€72,613 | +208.2% |
| Income taxes | 67/77 | €9,446 | €24,426 | +€14,980 | +158.6% |
| Profit (loss) for the period | 9904 | €25,425 | €83,059 | +€57,633 | +226.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,425 | €83,059 | +€57,633 | +226.7% |
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 3 October 2026 via checked.be.