Management Services & Assistance: what changed
Two financial 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.
Management Services & Assistance
Largest movements
- Cash -€88,588
down €88,588 (-54.3%), from €163,072 to €74,484
mainly Contributions, distributions and other (-€88,300) and Other debts (-€10,350)
- Tangible fixed assets +€2,258
up €2,258 (+1,228%), from €184 to €2,441
- Reserves -€69,418
down €69,418 (-99.4%), from €69,839 to €420
- Other debts -€10,350
down €10,350 (-12.2%), from €85,000 to €74,650
- Tax, wage and social debts -€8,978
down €8,978 (-43.4%), from €20,667 to €11,689
- Gross operating margin -€5,141
down €5,141 (-15.4%), from €33,296 to €28,156
- Taxes -€925
down €925 (-11.6%), from €7,986 to €7,061
- Depreciation +€372
up €372 (+204%), from €182 to €555
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.
Derived cash bridge
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 | €179,611 | €91,488 | -€88,123 | -49.1% |
| Fixed assets | 21/28 | €184 | €2,441 | +€2,258 | +1,228% |
| Tangible fixed assets | 22/27 | €184 | €2,441 | +€2,258 | +1,228% |
| Furniture and vehicles | 24 | €184 | €2,441 | +€2,258 | +1,228% |
| Current assets | 29/58 | €179,427 | €89,046 | -€90,380 | -50.4% |
| Amounts receivable within one year | 40/41 | €15,010 | €13,226 | -€1,783 | -11.9% |
| Trade receivables | 40 | €11,942 | €12,255 | +€313 | +2.6% |
| Other amounts receivable | 41 | €3,067 | €971 | -€2,096 | -68.3% |
| Cash at bank and in hand | 54/58 | €163,072 | €74,484 | -€88,588 | -54.3% |
| Deferred charges and accrued income | 490/1 | €1,345 | €1,336 | -€10 | -0.7% |
| Total equity and liabilities | 10/49 | €179,611 | €91,488 | -€88,123 | -49.1% |
| Equity | 10/15 | €72,839 | €3,420 | -€69,418 | -95.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,839 | €420 | -€69,418 | -99.4% |
| Distributable reserves | 133 | €69,839 | €420 | -€69,418 | -99.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,772 | €88,067 | -€18,705 | -17.5% |
| Amounts payable within one year | 42/48 | €106,772 | €88,067 | -€18,705 | -17.5% |
| Trade debts | 44 | €1,105 | €1,729 | +€623 | +56.4% |
| Suppliers | 440/4 | €1,105 | €1,729 | +€623 | +56.4% |
| Taxes, remuneration and social security | 45 | €20,667 | €11,689 | -€8,978 | -43.4% |
| Taxes | 450/3 | €20,667 | €11,689 | -€8,978 | -43.4% |
| Other amounts payable | 47/48 | €85,000 | €74,650 | -€10,350 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182 | €555 | +€372 | +204% |
| Other operating charges | 640/8 | €497 | €585 | +€88 | +17.7% |
| Gross operating margin | 9900 | €33,296 | €28,156 | -€5,141 | -15.4% |
| Operating profit (loss) | 9901 | €32,617 | €27,016 | -€5,601 | -17.2% |
| Financial income | 75/76B | €165 | €0 | -€165 | -100.0% |
| Recurring financial income | 75 | €165 | €0 | -€165 | -100.0% |
| Financial charges | 65/66B | €1,064 | €1,073 | +€9 | +0.9% |
| Recurring financial charges | 65 | €1,064 | €1,073 | +€9 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €31,717 | €25,942 | -€5,775 | -18.2% |
| Income taxes | 67/77 | €7,986 | €7,061 | -€925 | -11.6% |
| Profit (loss) for the period | 9904 | €23,732 | €18,882 | -€4,850 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,732 | €18,882 | -€4,850 | -20.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.