Service Equation: 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.
Service Equation
Largest movements
- Receivables within one year -€61,256
down €61,256 (-52.0%), from €117,875 to €56,619
of which Trade receivables: -€60,014
- Cash -€1,416
down €1,416 (-92.3%), from €1,534 to €118
mainly Trade debts (-€48,649) and Net result for the year (-€14,553)
- Trade debts -€48,649
down €48,649 (-73.9%), from €65,874 to €17,225
- Profit (loss) carried forward -€14,553
down €14,553, from €9,385 to -€5,168
- Gross operating margin -€29,977
down €29,977, from €15,788 to -€14,190
- Financial charges -€2,572
down €2,572 (-63.6%), from €4,045 to €1,473
- Taxes -€2,548
down €2,548 (-100%), from €2,548 to €0
- Financial income +€240
up €240 (+18.9%), from €1,270 to €1,510
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 | €119,499 | €56,737 | -€62,762 | -52.5% |
| Current assets | 29/58 | €119,499 | €56,737 | -€62,762 | -52.5% |
| Amounts receivable within one year | 40/41 | €117,875 | €56,619 | -€61,256 | -52.0% |
| Trade receivables | 40 | €93,345 | €33,331 | -€60,014 | -64.3% |
| Other amounts receivable | 41 | €24,530 | €23,288 | -€1,242 | -5.1% |
| Cash at bank and in hand | 54/58 | €1,534 | €118 | -€1,416 | -92.3% |
| Deferred charges and accrued income | 490/1 | €90 | €0 | -€90 | -100% |
| Total equity and liabilities | 10/49 | €119,499 | €56,737 | -€62,762 | -52.5% |
| Equity | 10/15 | €51,077 | €36,524 | -€14,553 | -28.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,092 | €23,092 | = | 0.0% |
| Distributable reserves | 133 | €23,092 | €23,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,385 | -€5,168 | -€14,553 | |
| Amounts payable | 17/49 | €68,422 | €20,213 | -€48,209 | -70.5% |
| Amounts payable within one year | 42/48 | €68,422 | €19,797 | -€48,625 | -71.1% |
| Financial debts | 43 | - | €24 | +€24 | |
| Credit institutions | 430/8 | - | €24 | +€24 | |
| Trade debts | 44 | €65,874 | €17,225 | -€48,649 | -73.9% |
| Suppliers | 440/4 | €65,874 | €17,225 | -€48,649 | -73.9% |
| Taxes, remuneration and social security | 45 | €2,548 | €2,548 | = | 0.0% |
| Taxes | 450/3 | €2,548 | €2,548 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €416 | +€416 | |
| Other operating charges | 640/8 | €384 | €400 | +€15 | +4.0% |
| Non-recurring operating charges | 66A | €695 | €0 | -€695 | -100% |
| Gross operating margin | 9900 | €15,788 | -€14,190 | -€29,977 | |
| Operating profit (loss) | 9901 | €14,708 | -€14,590 | -€29,298 | |
| Financial income | 75/76B | €1,270 | €1,510 | +€240 | +18.9% |
| Recurring financial income | 75 | €1,270 | €1,510 | +€240 | +18.9% |
| Financial charges | 65/66B | €4,045 | €1,473 | -€2,572 | -63.6% |
| Recurring financial charges | 65 | €4,045 | €1,473 | -€2,572 | -63.6% |
| Profit (loss) for the period before taxes | 9903 | €11,933 | -€14,553 | -€26,486 | |
| Income taxes | 67/77 | €2,548 | €0 | -€2,548 | -100% |
| Profit (loss) for the period | 9904 | €9,385 | -€14,553 | -€23,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,385 | -€14,553 | -€23,938 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.