S-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.
S-Services
Largest movements
- Receivables within one year -€30,543
down €30,543 (-34.4%), from €88,733 to €58,190
of which Trade receivables: -€30,583
- Cash -€21,211
down €21,211 (-17.2%), from €123,593 to €102,382
mainly Trade debts (-€44,303) and Tax, wage and social debts (-€7,899)
- Financial fixed assets -€2,794
down €2,794 (-91.3%), from €3,061 to €267
- Trade debts -€44,303
down €44,303 (-47.8%), from €92,662 to €48,359
- Tax, wage and social debts -€7,899
down €7,899 (-25.8%), from €30,580 to €22,681
of which Remuneration and social security: -€7,859
- Gross operating margin -€21,802
down €21,802 (-18.9%), from €115,477 to €93,675
- Staff costs -€9,951
down €9,951 (-11.2%), from €88,918 to €78,967
- Taxes -€2,350
down €2,350 (-36.7%), from €6,397 to €4,046
- Other operating charges -€2,338
down €2,338 (-34.1%), from €6,852 to €4,514
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,489 | €172,581 | -€52,907 | -23.5% |
| Fixed assets | 21/28 | €12,161 | €11,079 | -€1,082 | -8.9% |
| Tangible fixed assets | 22/27 | €9,100 | €10,812 | +€1,712 | +18.8% |
| Plant, machinery and equipment | 23 | €6,046 | €2,466 | -€3,580 | -59.2% |
| Furniture and vehicles | 24 | €3,054 | €8,346 | +€5,292 | +173.3% |
| Financial fixed assets | 28 | €3,061 | €267 | -€2,794 | -91.3% |
| Current assets | 29/58 | €213,328 | €161,503 | -€51,826 | -24.3% |
| Amounts receivable within one year | 40/41 | €88,733 | €58,190 | -€30,543 | -34.4% |
| Trade receivables | 40 | €84,403 | €53,820 | -€30,583 | -36.2% |
| Other amounts receivable | 41 | €4,330 | €4,370 | +€40 | +0.9% |
| Cash at bank and in hand | 54/58 | €123,593 | €102,382 | -€21,211 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,002 | €931 | -€72 | -7.1% |
| Total equity and liabilities | 10/49 | €225,489 | €172,581 | -€52,907 | -23.5% |
| Equity | 10/15 | €102,246 | €101,541 | -€705 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,046 | €95,341 | -€705 | -0.7% |
| Non-distributable reserves | 130/1 | €1,396 | €1,396 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,396 | €1,396 | = | 0.0% |
| Distributable reserves | 133 | €94,650 | €93,945 | -€705 | -0.7% |
| Amounts payable | 17/49 | €123,243 | €71,041 | -€52,202 | -42.4% |
| Amounts payable within one year | 42/48 | €123,243 | €71,041 | -€52,202 | -42.4% |
| Trade debts | 44 | €92,662 | €48,359 | -€44,303 | -47.8% |
| Suppliers | 440/4 | €92,662 | €48,359 | -€44,303 | -47.8% |
| Taxes, remuneration and social security | 45 | €30,580 | €22,681 | -€7,899 | -25.8% |
| Taxes | 450/3 | €13,885 | €13,844 | -€40 | -0.3% |
| Remuneration and social security | 454/9 | €16,696 | €8,837 | -€7,859 | -47.1% |
| Remuneration, social security and pensions | 62 | €88,918 | €78,967 | -€9,951 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,822 | €6,177 | +€355 | +6.1% |
| Other operating charges | 640/8 | €6,852 | €4,514 | -€2,338 | -34.1% |
| Gross operating margin | 9900 | €115,477 | €93,675 | -€21,802 | -18.9% |
| Operating profit (loss) | 9901 | €13,885 | €4,017 | -€9,868 | -71.1% |
| Financial income | 75/76B | €99 | €349 | +€250 | +251.2% |
| Recurring financial income | 75 | €99 | €349 | +€250 | +251.2% |
| Financial charges | 65/66B | €711 | €1,026 | +€314 | +44.1% |
| Recurring financial charges | 65 | €711 | €1,026 | +€314 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €13,273 | €3,341 | -€9,932 | -74.8% |
| Income taxes | 67/77 | €6,397 | €4,046 | -€2,350 | -36.7% |
| Profit (loss) for the period | 9904 | €6,877 | -€705 | -€7,582 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,877 | -€705 | -€7,582 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.