Representation 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.
Representation Services
Largest movements
- Cash +€68,373
up €68,373 (+121%), from €56,490 to €124,863
mainly Other debts (+€139,000) and Net result for the year (+€105,554)
- Receivables within one year +€29,764
up €29,764 (+41.5%), from €71,737 to €101,501
of which Trade receivables: +€29,714
- Tangible fixed assets -€7,669
down €7,669 (-45.1%), from €16,990 to €9,321
of which Plant, machinery and equipment: -€16,990
- Deferred charges and accrued income -€2,413
down €2,413 (-37.4%), from €6,451 to €4,038
- Other debts +€139,000
up €139,000 (+1,158%), from €12,000 to €151,000
- Profit (loss) carried forward -€42,065
down €42,065 (-99.2%), from €42,410 to €345
- Tax, wage and social debts -€7,799
down €7,799 (-42.7%), from €18,259 to €10,460
of which Remuneration and social security: -€4,203
- Reserves -€3,380
down €3,380 (-33.9%), from €9,980 to €6,600
of which Distributable reserves: -€3,380
- Staff costs -€60,739
down €60,739 (-29.1%), from €208,509 to €147,770
- Gross operating margin +€24,984
up €24,984 (+9.6%), from €260,816 to €285,800
- Write-downs +€3,979
up €3,979 (+69.4%), from -€5,736 to -€1,757
- Taxes +€3,101
up €3,101 (+14.3%), from €21,759 to €24,860
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 | €152,371 | €240,428 | +€88,057 | +57.8% |
| Fixed assets | 21/28 | €16,990 | €9,321 | -€7,669 | -45.1% |
| Tangible fixed assets | 22/27 | €16,990 | €9,321 | -€7,669 | -45.1% |
| Plant, machinery and equipment | 23 | €16,990 | - | -€16,990 | |
| Furniture and vehicles | 24 | - | €9,321 | +€9,321 | |
| Current assets | 29/58 | €135,381 | €231,107 | +€95,726 | +70.7% |
| Amounts receivable within one year | 40/41 | €71,737 | €101,501 | +€29,764 | +41.5% |
| Trade receivables | 40 | €71,400 | €101,114 | +€29,714 | +41.6% |
| Other amounts receivable | 41 | €337 | €387 | +€50 | +14.8% |
| Current investments | 50/53 | €703 | €705 | +€2 | +0.3% |
| Cash at bank and in hand | 54/58 | €56,490 | €124,863 | +€68,373 | +121% |
| Deferred charges and accrued income | 490/1 | €6,451 | €4,038 | -€2,413 | -37.4% |
| Total equity and liabilities | 10/49 | €152,371 | €240,428 | +€88,057 | +57.8% |
| Equity | 10/15 | €118,390 | €72,945 | -€45,445 | -38.4% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €9,980 | €6,600 | -€3,380 | -33.9% |
| Non-distributable reserves | 130/1 | €6,600 | €6,600 | = | 0.0% |
| Legal reserve | 130 | €6,600 | €6,600 | = | 0.0% |
| Distributable reserves | 133 | €3,380 | - | -€3,380 | |
| Profit (loss) carried forward | 14 | €42,410 | €345 | -€42,065 | -99.2% |
| Amounts payable | 17/49 | €33,981 | €167,483 | +€133,502 | +393% |
| Amounts payable within one year | 42/48 | €33,632 | €167,083 | +€133,451 | +397% |
| Current portion of amounts payable after more than one year | 42 | €300 | €300 | = | 0.0% |
| Trade debts | 44 | €3,073 | €5,323 | +€2,250 | +73.2% |
| Suppliers | 440/4 | €3,073 | €5,323 | +€2,250 | +73.2% |
| Taxes, remuneration and social security | 45 | €18,259 | €10,460 | -€7,799 | -42.7% |
| Taxes | 450/3 | €7,200 | €3,604 | -€3,596 | -49.9% |
| Remuneration and social security | 454/9 | €11,059 | €6,856 | -€4,203 | -38.0% |
| Other amounts payable | 47/48 | €12,000 | €151,000 | +€139,000 | +1,158% |
| Accrued charges and deferred income | 492/3 | €349 | €400 | +€51 | +14.6% |
| Remuneration, social security and pensions | 62 | €208,509 | €147,770 | -€60,739 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,091 | €7,670 | -€421 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,736 | -€1,757 | +€3,979 | +69.4% |
| Other operating charges | 640/8 | €1,643 | €1,462 | -€181 | -11.0% |
| Gross operating margin | 9900 | €260,816 | €285,800 | +€24,984 | +9.6% |
| Operating profit (loss) | 9901 | €48,309 | €130,655 | +€82,346 | +170% |
| Financial income | 75/76B | €3 | €17 | +€14 | +467% |
| Recurring financial income | 75 | €3 | €17 | +€14 | +467% |
| Financial charges | 65/66B | €327 | €258 | -€69 | -21.1% |
| Recurring financial charges | 65 | €327 | €258 | -€69 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €47,985 | €130,414 | +€82,429 | +172% |
| Income taxes | 67/77 | €21,759 | €24,860 | +€3,101 | +14.3% |
| Profit (loss) for the period | 9904 | €26,226 | €105,554 | +€79,328 | +302% |
| Profit (loss) for the period to be appropriated | 9905 | €26,226 | €105,554 | +€79,328 | +302% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.