Historic Competition Services: what changed
Historic Competition Services
Largest movements
- Cash -€94,475
down €94,475 (-53.1%), from €178,035 to €83,560
mainly Trade debts (-€204,327) and Tax, wage and social debts (-€41,956)
- Receivables within one year -€83,166
down €83,166 (-49.1%), from €169,481 to €86,315
of which Trade receivables: -€93,508
- Stocks and contracts +€34,292
up €34,292 (+47.9%), from €71,606 to €105,898
- Tangible fixed assets -€8,204
down €8,204 (-23.6%), from €34,815 to €26,611
- Trade debts -€204,327
down €204,327 (-64.2%), from €318,428 to €114,101
- Advances received +€81,046
new in 2025: €81,046
- Tax, wage and social debts -€41,956
down €41,956 (-58.8%), from €71,304 to €29,348
of which Remuneration and social security: -€21,533
- Other debts +€16,250
up €16,250 (+70.0%), from €23,213 to €39,463
- Staff costs +€27,926
up €27,926 (+7.7%), from €361,894 to €389,819
- Gross operating margin +€25,503
up €25,503 (+6.3%), from €404,985 to €430,488
- Other operating charges -€25,190
down €25,190 (-74.7%), from €33,721 to €8,531
- Financial income -€19,602
down €19,602 (-97.4%), from €20,128 to €525
of which Non-recurring financial income: -€20,000
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 | €484,444 | €336,074 | -€148,370 | -30.6% |
| Fixed assets | 21/28 | €35,385 | €27,181 | -€8,204 | -23.2% |
| Tangible fixed assets | 22/27 | €34,815 | €26,611 | -€8,204 | -23.6% |
| Plant, machinery and equipment | 23 | €20,447 | €16,546 | -€3,901 | -19.1% |
| Furniture and vehicles | 24 | €2,458 | €929 | -€1,529 | -62.2% |
| Other tangible fixed assets | 26 | €11,910 | €9,136 | -€2,774 | -23.3% |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €449,059 | €308,892 | -€140,167 | -31.2% |
| Stocks and contracts in progress | 3 | €71,606 | €105,898 | +€34,292 | +47.9% |
| Stocks | 30/36 | €71,606 | €105,898 | +€34,292 | +47.9% |
| Amounts receivable within one year | 40/41 | €169,481 | €86,315 | -€83,166 | -49.1% |
| Trade receivables | 40 | €169,481 | €75,973 | -€93,508 | -55.2% |
| Other amounts receivable | 41 | - | €10,342 | +€10,342 | |
| Cash at bank and in hand | 54/58 | €178,035 | €83,560 | -€94,475 | -53.1% |
| Deferred charges and accrued income | 490/1 | €29,937 | €33,119 | +€3,182 | +10.6% |
| Total equity and liabilities | 10/49 | €484,444 | €336,074 | -€148,370 | -30.6% |
| Equity | 10/15 | -€12,594 | -€11,978 | +€616 | +4.9% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,454 | -€26,838 | +€616 | +2.2% |
| Amounts payable | 17/49 | €497,038 | €348,051 | -€148,986 | -30.0% |
| Amounts payable after more than one year | 17 | €84,094 | €84,094 | = | 0.0% |
| Financial debts | 170/4 | - | €84,094 | +€84,094 | |
| Trade debts | 175 | €84,094 | - | -€84,094 | |
| Amounts payable within one year | 42/48 | €412,944 | €263,958 | -€148,986 | -36.1% |
| Trade debts | 44 | €318,428 | €114,101 | -€204,327 | -64.2% |
| Suppliers | 440/4 | €318,428 | €114,101 | -€204,327 | -64.2% |
| Advances received on contracts in progress | 46 | - | €81,046 | +€81,046 | |
| Taxes, remuneration and social security | 45 | €71,304 | €29,348 | -€41,956 | -58.8% |
| Taxes | 450/3 | €25,107 | €4,684 | -€20,423 | -81.3% |
| Remuneration and social security | 454/9 | €46,197 | €24,664 | -€21,533 | -46.6% |
| Other amounts payable | 47/48 | €23,213 | €39,463 | +€16,250 | +70.0% |
| Remuneration, social security and pensions | 62 | €361,894 | €389,819 | +€27,926 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,303 | €10,585 | -€1,718 | -14.0% |
| Other operating charges | 640/8 | €33,721 | €8,531 | -€25,190 | -74.7% |
| Non-recurring operating charges | 66A | - | €493 | +€493 | |
| Gross operating margin | 9900 | €404,985 | €430,488 | +€25,503 | +6.3% |
| Operating profit (loss) | 9901 | -€2,933 | €21,060 | +€23,993 | |
| Financial income | 75/76B | €20,128 | €525 | -€19,602 | -97.4% |
| Recurring financial income | 75 | €128 | €525 | +€398 | +311% |
| Non-recurring financial income | 76B | €20,000 | €0 | -€20,000 | -100% |
| Financial charges | 65/66B | €12,493 | €16,289 | +€3,796 | +30.4% |
| Recurring financial charges | 65 | €12,493 | €16,289 | +€3,796 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | €4,702 | €5,297 | +€595 | +12.7% |
| Income taxes | 67/77 | €782 | €4,681 | +€3,899 | +498% |
| Profit (loss) for the period | 9904 | €3,920 | €616 | -€3,304 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,920 | €616 | -€3,304 | -84.3% |
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 6 November 2026 via checked.be.