SENIOR MANAGEMENT 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.
SENIOR MANAGEMENT SERVICES
Largest movements
- Receivables within one year -€20,084
down €20,084 (-53.4%), from €37,585 to €17,501
of which Trade receivables: -€13,256
- Cash +€17,773
up €17,773 (+36.3%), from €48,939 to €66,712
mainly Receivables within one year (+€20,084) and Net result for the year (+€11,905)
- Deferred charges and accrued income +€2,524
up €2,524 (+475%), from €532 to €3,056
- Tangible fixed assets -€2,345
down €2,345 (-42.8%), from €5,475 to €3,131
of which Furniture and vehicles: -€1,431
- Other debts +€4,439
up €4,439 (+43.1%), from €10,305 to €14,744
- Tax, wage and social debts -€2,392
down €2,392 (-21.6%), from €11,072 to €8,680
- Trade debts -€2,245
down €2,245 (-36.4%), from €6,173 to €3,928
- Reserves -€2,043
down €2,043 (-3.2%), from €63,647 to €61,604
- Gross operating margin -€40,470
down €40,470 (-64.2%), from €63,043 to €22,572
- Taxes -€8,611
down €8,611 (-58.2%), from €14,804 to €6,193
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 | €92,531 | €90,400 | -€2,131 | -2.3% |
| Fixed assets | 21/28 | €5,475 | €3,131 | -€2,345 | -42.8% |
| Tangible fixed assets | 22/27 | €5,475 | €3,131 | -€2,345 | -42.8% |
| Plant, machinery and equipment | 23 | €3,010 | €2,096 | -€914 | -30.4% |
| Furniture and vehicles | 24 | €2,465 | €1,035 | -€1,431 | -58.0% |
| Current assets | 29/58 | €87,056 | €87,270 | +€214 | +0.2% |
| Amounts receivable within one year | 40/41 | €37,585 | €17,501 | -€20,084 | -53.4% |
| Trade receivables | 40 | €30,250 | €16,994 | -€13,256 | -43.8% |
| Other amounts receivable | 41 | €7,335 | €507 | -€6,828 | -93.1% |
| Cash at bank and in hand | 54/58 | €48,939 | €66,712 | +€17,773 | +36.3% |
| Deferred charges and accrued income | 490/1 | €532 | €3,056 | +€2,524 | +475% |
| Total equity and liabilities | 10/49 | €92,531 | €90,400 | -€2,131 | -2.3% |
| Equity | 10/15 | €64,647 | €62,604 | -€2,043 | -3.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €63,647 | €61,604 | -€2,043 | -3.2% |
| Distributable reserves | 133 | €63,647 | €61,604 | -€2,043 | -3.2% |
| Amounts payable | 17/49 | €27,884 | €27,797 | -€87 | -0.3% |
| Amounts payable within one year | 42/48 | €27,550 | €27,352 | -€198 | -0.7% |
| Trade debts | 44 | €6,173 | €3,928 | -€2,245 | -36.4% |
| Suppliers | 440/4 | €6,173 | €3,928 | -€2,245 | -36.4% |
| Taxes, remuneration and social security | 45 | €11,072 | €8,680 | -€2,392 | -21.6% |
| Taxes | 450/3 | €11,072 | €8,680 | -€2,392 | -21.6% |
| Other amounts payable | 47/48 | €10,305 | €14,744 | +€4,439 | +43.1% |
| Accrued charges and deferred income | 492/3 | €334 | €445 | +€111 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,477 | €2,345 | -€133 | -5.4% |
| Other operating charges | 640/8 | €399 | €591 | +€192 | +48.0% |
| Gross operating margin | 9900 | €63,043 | €22,572 | -€40,470 | -64.2% |
| Operating profit (loss) | 9901 | €60,166 | €19,637 | -€40,529 | -67.4% |
| Financial income | 75/76B | €381 | €10 | -€371 | -97.4% |
| Recurring financial income | 75 | €381 | €10 | -€371 | -97.4% |
| Financial charges | 65/66B | €1,795 | €1,549 | -€246 | -13.7% |
| Recurring financial charges | 65 | €1,795 | €1,549 | -€246 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €58,753 | €18,098 | -€40,655 | -69.2% |
| Income taxes | 67/77 | €14,804 | €6,193 | -€8,611 | -58.2% |
| Profit (loss) for the period | 9904 | €43,948 | €11,905 | -€32,043 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,948 | €11,905 | -€32,043 | -72.9% |
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 18 October 2026 via checked.be.