Serious 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.
Serious Services
Largest movements
- Cash +€29,877
up €29,877 (+128.0%), from €23,343 to €53,219
mainly Net result for the year (+€36,760) and Receivables within one year (+€21,741)
- Receivables within one year -€21,741
down €21,741 (-58.9%), from €36,887 to €15,146
of which Other amounts receivable: -€21,532
- Tangible fixed assets +€9,043
up €9,043 (+40.6%), from €22,259 to €31,301
- Reserves +€36,760
up €36,760 (+450.4%), from €8,162 to €44,923
- Debts after one year -€30,000
down €30,000 (-60.0%), from €50,000 to €20,000
- Tax, wage and social debts +€19,321
up €19,321 (+437.7%), from €4,414 to €23,735
- Other debts -€7,936
down €7,936 (-52.9%), from €15,010 to €7,074
- Gross operating margin +€44,145
up €44,145 (+189.4%), from €23,306 to €67,451
- Taxes +€15,045
up €15,045 (+351.8%), from €4,276 to €19,321
- Depreciation +€5,717
up €5,717 (+88.7%), from €6,447 to €12,164
- Financial income +€1,563
new in 2025: €1,563
- Other operating charges -€1,239
down €1,239 (-65.2%), from €1,899 to €660
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.
Cash bridge derived
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 | €86,631 | €104,305 | +€17,674 | +20.4% |
| Fixed assets | 21/28 | €26,009 | €35,051 | +€9,043 | +34.8% |
| Tangible fixed assets | 22/27 | €22,259 | €31,301 | +€9,043 | +40.6% |
| Furniture and vehicles | 24 | €22,259 | €31,301 | +€9,043 | +40.6% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €60,622 | €69,253 | +€8,631 | +14.2% |
| Amounts receivable within one year | 40/41 | €36,887 | €15,146 | -€21,741 | -58.9% |
| Trade receivables | 40 | €9,481 | €9,272 | -€209 | -2.2% |
| Other amounts receivable | 41 | €27,406 | €5,874 | -€21,532 | -78.6% |
| Cash at bank and in hand | 54/58 | €23,343 | €53,219 | +€29,877 | +128.0% |
| Deferred charges and accrued income | 490/1 | €392 | €888 | +€496 | +126.6% |
| Total equity and liabilities | 10/49 | €86,631 | €104,305 | +€17,674 | +20.4% |
| Equity | 10/15 | €11,162 | €47,923 | +€36,760 | +329.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,162 | €44,923 | +€36,760 | +450.4% |
| Distributable reserves | 133 | €8,162 | €44,923 | +€36,760 | +450.4% |
| Amounts payable | 17/49 | €75,468 | €56,382 | -€19,086 | -25.3% |
| Amounts payable after more than one year | 17 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Financial debts | 170/4 | €50,000 | €20,000 | -€30,000 | -60.0% |
| Amounts payable within one year | 42/48 | €25,468 | €36,382 | +€10,914 | +42.9% |
| Trade debts | 44 | €6,044 | €5,573 | -€471 | -7.8% |
| Suppliers | 440/4 | €6,044 | €5,573 | -€471 | -7.8% |
| Taxes, remuneration and social security | 45 | €4,414 | €23,735 | +€19,321 | +437.7% |
| Taxes | 450/3 | €4,414 | €23,735 | +€19,321 | +437.7% |
| Other amounts payable | 47/48 | €15,010 | €7,074 | -€7,936 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,447 | €12,164 | +€5,717 | +88.7% |
| Other operating charges | 640/8 | €1,899 | €660 | -€1,239 | -65.2% |
| Gross operating margin | 9900 | €23,306 | €67,451 | +€44,145 | +189.4% |
| Operating profit (loss) | 9901 | €14,959 | €54,627 | +€39,668 | +265.2% |
| Financial income | 75/76B | - | €1,563 | +€1,563 | |
| Recurring financial income | 75 | - | €1,563 | +€1,563 | |
| Financial charges | 65/66B | €108 | €108 | = | 0.0% |
| Recurring financial charges | 65 | €108 | €108 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €14,851 | €56,081 | +€41,230 | +277.6% |
| Income taxes | 67/77 | €4,276 | €19,321 | +€15,045 | +351.8% |
| Profit (loss) for the period | 9904 | €10,575 | €36,760 | +€26,185 | +247.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,575 | €36,760 | +€26,185 | +247.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.