P & L Services: 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.
P & L Services
Largest movements
- Financial fixed assets -€82,400
no longer reported in 2025 (was €82,400)
- Receivables within one year +€60,211
up €60,211 (+211%), from €28,511 to €88,722
of which Other amounts receivable: +€51,778
- Cash -€19,816
down €19,816 (-15.1%), from €131,497 to €111,681
mainly Contributions, distributions and other (-€105,738) and Receivables within one year (-€60,211)
- Tangible fixed assets -€13,763
down €13,763 (-53.0%), from €25,955 to €12,192
of which Furniture and vehicles: -€14,538
- Deferred charges and accrued income +€3,875
up €3,875 (+347%), from €1,116 to €4,991
- Contributions -€105,738
down €105,738 (-99.1%), from €106,738 to €1,000
- Reserves +€80,843
up €80,843 (+80.6%), from €100,315 to €181,158
of which Distributable reserves: +€80,843
- Other debts -€39,343
down €39,343 (-79.7%), from €49,346 to €10,003
- Trade debts +€15,517
up €15,517 (+525%), from €2,953 to €18,470
- Taxes +€11,785
up €11,785 (+43.1%), from €27,372 to €39,157
- Other operating charges +€2,730
up €2,730 (+27.6%), from €9,886 to €12,616
- Financial charges -€2,283
down €2,283 (-45.0%), from €5,067 to €2,785
- Gross operating margin -€2,009
down €2,009 (-1.4%), from €140,405 to €138,396
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 | €269,479 | €217,586 | -€51,893 | -19.3% |
| Fixed assets | 21/28 | €108,355 | €12,192 | -€96,163 | -88.7% |
| Tangible fixed assets | 22/27 | €25,955 | €12,192 | -€13,763 | -53.0% |
| Plant, machinery and equipment | 23 | €927 | €1,674 | +€747 | +80.5% |
| Furniture and vehicles | 24 | €18,576 | €4,039 | -€14,538 | -78.3% |
| Other tangible fixed assets | 26 | €6,452 | €6,479 | +€27 | +0.4% |
| Financial fixed assets | 28 | €82,400 | - | -€82,400 | |
| Current assets | 29/58 | €161,123 | €205,394 | +€44,270 | +27.5% |
| Amounts receivable within one year | 40/41 | €28,511 | €88,722 | +€60,211 | +211% |
| Trade receivables | 40 | €26,833 | €35,266 | +€8,434 | +31.4% |
| Other amounts receivable | 41 | €1,678 | €53,456 | +€51,778 | +3,086% |
| Cash at bank and in hand | 54/58 | €131,497 | €111,681 | -€19,816 | -15.1% |
| Deferred charges and accrued income | 490/1 | €1,116 | €4,991 | +€3,875 | +347% |
| Total equity and liabilities | 10/49 | €269,479 | €217,586 | -€51,893 | -19.3% |
| Equity | 10/15 | €207,053 | €182,158 | -€24,895 | -12.0% |
| Contributions | 10/11 | €106,738 | €1,000 | -€105,738 | -99.1% |
| Reserves | 13 | €100,315 | €181,158 | +€80,843 | +80.6% |
| Tax-exempt reserves | 132 | €38,455 | €38,455 | = | 0.0% |
| Distributable reserves | 133 | €61,860 | €142,703 | +€80,843 | +131% |
| Amounts payable | 17/49 | €62,426 | €35,427 | -€26,998 | -43.2% |
| Amounts payable within one year | 42/48 | €60,160 | €35,427 | -€24,732 | -41.1% |
| Trade debts | 44 | €2,953 | €18,470 | +€15,517 | +525% |
| Suppliers | 440/4 | €2,953 | €18,470 | +€15,517 | +525% |
| Taxes, remuneration and social security | 45 | €7,861 | €6,955 | -€906 | -11.5% |
| Taxes | 450/3 | €7,861 | €6,955 | -€906 | -11.5% |
| Other amounts payable | 47/48 | €49,346 | €10,003 | -€39,343 | -79.7% |
| Accrued charges and deferred income | 492/3 | €2,266 | - | -€2,266 | |
| Non-recurring operating income | 76A | - | €34,389 | +€34,389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,852 | €3,082 | +€229 | +8.0% |
| Other operating charges | 640/8 | €9,886 | €12,616 | +€2,730 | +27.6% |
| Non-recurring operating charges | 66A | €1,501 | - | -€1,501 | |
| Gross operating margin | 9900 | €140,405 | €138,396 | -€2,009 | -1.4% |
| Operating profit (loss) | 9901 | €126,166 | €122,699 | -€3,467 | -2.7% |
| Financial income | 75/76B | €25 | €86 | +€61 | +246% |
| Recurring financial income | 75 | €25 | €86 | +€61 | +246% |
| Financial charges | 65/66B | €5,067 | €2,785 | -€2,283 | -45.0% |
| Recurring financial charges | 65 | €5,067 | €2,785 | -€2,283 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €121,123 | €120,000 | -€1,123 | -0.9% |
| Income taxes | 67/77 | €27,372 | €39,157 | +€11,785 | +43.1% |
| Profit (loss) for the period | 9904 | €93,751 | €80,843 | -€12,908 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,751 | €80,843 | -€12,908 | -13.8% |
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 14 October 2026 via checked.be.