LA CENSE-TITRES-SERVICES: what changed
LA CENSE-TITRES-SERVICES
Largest movements
- Cash -€18,147
down €18,147 (-19.0%), from €95,550 to €77,403
mainly Net result for the year (-€19,096) and Receivables within one year (-€12,708)
- Receivables within one year +€12,708
up €12,708 (+65.6%), from €19,369 to €32,077
- Tangible fixed assets +€6,912
up €6,912 (+5,050%), from €137 to €7,049
- Current investments -€5,000
no longer reported in 2025 (was €5,000)
- Profit (loss) carried forward -€19,096
down €19,096 (-16.4%), from -€116,745 to -€135,841
- Tax, wage and social debts +€18,769
up €18,769 (+10.7%), from €175,734 to €194,503
of which Remuneration and social security: +€18,428
- Current portion of long-term debt -€9,046
no longer reported in 2025 (was €9,046)
- Trade debts +€4,048
up €4,048 (+243%), from €1,669 to €5,717
- Accrued charges and deferred income +€1,799
up €1,799 (+5.7%), from €31,526 to €33,325
- Staff costs +€87,919
up €87,919 (+5.2%), from €1.7m to €1.8m
- Gross operating margin +€61,929
up €61,929 (+3.6%), from €1.7m to €1.8m
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 | €125,456 | €121,929 | -€3,527 | -2.8% |
| Fixed assets | 21/28 | €5,537 | €12,449 | +€6,912 | +125% |
| Tangible fixed assets | 22/27 | €137 | €7,049 | +€6,912 | +5,050% |
| Furniture and vehicles | 24 | €137 | €7,049 | +€6,912 | +5,050% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €119,919 | €109,480 | -€10,439 | -8.7% |
| Amounts receivable within one year | 40/41 | €19,369 | €32,077 | +€12,708 | +65.6% |
| Trade receivables | 40 | €19,369 | €32,077 | +€12,708 | +65.6% |
| Current investments | 50/53 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €95,550 | €77,403 | -€18,147 | -19.0% |
| Total equity and liabilities | 10/49 | €125,456 | €121,929 | -€3,527 | -2.8% |
| Equity | 10/15 | -€96,745 | -€115,841 | -€19,096 | -19.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,745 | -€135,841 | -€19,096 | -16.4% |
| Amounts payable | 17/49 | €222,201 | €237,770 | +€15,569 | +7.0% |
| Amounts payable within one year | 42/48 | €190,674 | €204,445 | +€13,771 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €9,046 | - | -€9,046 | |
| Trade debts | 44 | €1,669 | €5,717 | +€4,048 | +243% |
| Suppliers | 440/4 | €1,669 | €5,717 | +€4,048 | +243% |
| Taxes, remuneration and social security | 45 | €175,734 | €194,503 | +€18,769 | +10.7% |
| Taxes | 450/3 | - | €341 | +€341 | |
| Remuneration and social security | 454/9 | €175,734 | €194,162 | +€18,428 | +10.5% |
| Other amounts payable | 47/48 | €4,225 | €4,225 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €31,526 | €33,325 | +€1,799 | +5.7% |
| Remuneration, social security and pensions | 62 | €1,700,355 | €1,788,274 | +€87,919 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,153 | €2,929 | +€776 | +36.0% |
| Other operating charges | 640/8 | €2,236 | €892 | -€1,344 | -60.1% |
| Gross operating margin | 9900 | €1,717,485 | €1,779,413 | +€61,929 | +3.6% |
| Operating profit (loss) | 9901 | €12,742 | -€12,681 | -€25,423 | |
| Financial income | 75/76B | €307 | €269 | -€38 | -12.4% |
| Recurring financial income | 75 | €307 | €269 | -€38 | -12.4% |
| Financial charges | 65/66B | €2,609 | €6,142 | +€3,533 | +135% |
| Recurring financial charges | 65 | €2,609 | €6,142 | +€3,533 | +135% |
| Profit (loss) for the period before taxes | 9903 | €10,440 | -€18,554 | -€28,994 | |
| Income taxes | 67/77 | -€296 | €543 | +€839 | |
| Profit (loss) for the period | 9904 | €10,737 | -€19,096 | -€29,833 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,737 | -€19,096 | -€29,833 |
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 5 November 2026 via checked.be.