M2 - 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.
M2 - Services
Largest movements
- Current investments -€94,541
down €94,541 (-21.4%), from €441,597 to €347,056
- Other debts -€53,681
down €53,681 (-43.3%), from €124,059 to €70,378
- Reserves -€39,269
down €39,269 (-12.3%), from €318,742 to €279,473
- Gross operating margin -€907
down €907 (-5.8%), from €15,666 to €14,759
- Financial charges +€893
up €893 (+35.9%), from €2,487 to €3,380
- Taxes -€760
down €760 (-10.8%), from €7,046 to €6,286
- Financial income -€316
down €316 (-4.5%), from €7,061 to €6,744
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 | €448,197 | €355,685 | -€92,512 | -20.6% |
| Current assets | 29/58 | €448,197 | €355,685 | -€92,512 | -20.6% |
| Amounts receivable within one year | 40/41 | €2,168 | €3,494 | +€1,326 | +61.2% |
| Trade receivables | 40 | €792 | €1,694 | +€902 | +113.9% |
| Other amounts receivable | 41 | €1,376 | €1,800 | +€424 | +30.8% |
| Current investments | 50/53 | €441,597 | €347,056 | -€94,541 | -21.4% |
| Cash at bank and in hand | 54/58 | €1,490 | €2,642 | +€1,152 | +77.3% |
| Deferred charges and accrued income | 490/1 | €2,943 | €2,494 | -€449 | -15.2% |
| Total equity and liabilities | 10/49 | €448,197 | €355,685 | -€92,512 | -20.6% |
| Equity | 10/15 | €318,742 | €279,473 | -€39,269 | -12.3% |
| Reserves | 13 | €318,742 | €279,473 | -€39,269 | -12.3% |
| Distributable reserves | 133 | €318,742 | €279,473 | -€39,269 | -12.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €129,455 | €76,212 | -€53,243 | -41.1% |
| Amounts payable within one year | 42/48 | €127,217 | €74,590 | -€52,628 | -41.4% |
| Trade debts | 44 | €343 | €308 | -€35 | -10.2% |
| Suppliers | 440/4 | €343 | €308 | -€35 | -10.2% |
| Taxes, remuneration and social security | 45 | €2,815 | €3,903 | +€1,088 | +38.6% |
| Taxes | 450/3 | €2,815 | €3,903 | +€1,088 | +38.6% |
| Other amounts payable | 47/48 | €124,059 | €70,378 | -€53,681 | -43.3% |
| Accrued charges and deferred income | 492/3 | €2,237 | €1,622 | -€615 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,082 | €1,106 | +€24 | +2.2% |
| Gross operating margin | 9900 | €15,666 | €14,759 | -€907 | -5.8% |
| Operating profit (loss) | 9901 | €14,585 | €13,653 | -€931 | -6.4% |
| Financial income | 75/76B | €7,061 | €6,744 | -€316 | -4.5% |
| Recurring financial income | 75 | €7,061 | €6,744 | -€316 | -4.5% |
| Financial charges | 65/66B | €2,487 | €3,380 | +€893 | +35.9% |
| Recurring financial charges | 65 | €2,487 | €3,380 | +€893 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €19,159 | €17,018 | -€2,141 | -11.2% |
| Income taxes | 67/77 | €7,046 | €6,286 | -€760 | -10.8% |
| Profit (loss) for the period | 9904 | €12,113 | €10,731 | -€1,381 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,113 | €10,731 | -€1,381 | -11.4% |
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 29 September 2026 via checked.be.