Service M: 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 M
Largest movements
- Receivables within one year -€16,002
down €16,002 (-25.5%), from €62,633 to €46,631
of which Trade receivables: -€14,381
- Cash +€11,602
up €11,602 (+4.2%), from €277,097 to €288,699
mainly Receivables within one year (+€16,002) and Stocks and contracts (+€6,453)
- Intangible fixed assets +€10,567
up €10,567 (+211%), from €5,000 to €15,567
- Tangible fixed assets +€7,079
up €7,079 (+203%), from €3,485 to €10,564
- Stocks and contracts -€6,453
down €6,453 (-34.1%), from €18,915 to €12,461
- Advances received +€5,500
up €5,500 (+26.2%), from €21,000 to €26,500
- Gross operating margin -€82,334
down €82,334 (-69.3%), from €118,801 to €36,467
- Staff costs -€49,078
down €49,078 (-64.4%), from €76,217 to €27,139
- Other operating charges -€8,837
down €8,837 (-84.2%), from €10,495 to €1,658
- Depreciation +€3,051
up €3,051 (+555%), from €550 to €3,601
- Financial income -€2,382
down €2,382 (-80.9%), from €2,945 to €562
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 | €376,776 | €384,130 | +€7,354 | +2.0% |
| Fixed assets | 21/28 | €8,795 | €26,441 | +€17,646 | +201% |
| Intangible fixed assets | 21 | €5,000 | €15,567 | +€10,567 | +211% |
| Tangible fixed assets | 22/27 | €3,485 | €10,564 | +€7,079 | +203% |
| Plant, machinery and equipment | 23 | €3,485 | €10,564 | +€7,079 | +203% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €367,981 | €357,689 | -€10,292 | -2.8% |
| Stocks and contracts in progress | 3 | €18,915 | €12,461 | -€6,453 | -34.1% |
| Stocks | 30/36 | €18,915 | €12,461 | -€6,453 | -34.1% |
| Amounts receivable within one year | 40/41 | €62,633 | €46,631 | -€16,002 | -25.5% |
| Trade receivables | 40 | €52,733 | €38,351 | -€14,381 | -27.3% |
| Other amounts receivable | 41 | €9,900 | €8,280 | -€1,620 | -16.4% |
| Cash at bank and in hand | 54/58 | €277,097 | €288,699 | +€11,602 | +4.2% |
| Deferred charges and accrued income | 490/1 | €9,336 | €9,897 | +€561 | +6.0% |
| Total equity and liabilities | 10/49 | €376,776 | €384,130 | +€7,354 | +2.0% |
| Equity | 10/15 | €136,268 | €140,041 | +€3,773 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,068 | €133,841 | +€3,773 | +2.9% |
| Amounts payable | 17/49 | €240,508 | €244,089 | +€3,581 | +1.5% |
| Amounts payable within one year | 42/48 | €240,508 | €244,089 | +€3,581 | +1.5% |
| Trade debts | 44 | €91,336 | €89,104 | -€2,232 | -2.4% |
| Suppliers | 440/4 | €91,336 | €89,104 | -€2,232 | -2.4% |
| Advances received on contracts in progress | 46 | €21,000 | €26,500 | +€5,500 | +26.2% |
| Taxes, remuneration and social security | 45 | €6,547 | €6,860 | +€314 | +4.8% |
| Taxes | 450/3 | €850 | €4,820 | +€3,970 | +467% |
| Remuneration and social security | 454/9 | €5,697 | €2,040 | -€3,657 | -64.2% |
| Other amounts payable | 47/48 | €121,625 | €121,625 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €76,217 | €27,139 | -€49,078 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €3,601 | +€3,051 | +555% |
| Other operating charges | 640/8 | €10,495 | €1,658 | -€8,837 | -84.2% |
| Gross operating margin | 9900 | €118,801 | €36,467 | -€82,334 | -69.3% |
| Operating profit (loss) | 9901 | €31,538 | €4,069 | -€27,470 | -87.1% |
| Financial income | 75/76B | €2,945 | €562 | -€2,382 | -80.9% |
| Recurring financial income | 75 | €2,945 | €562 | -€2,382 | -80.9% |
| Financial charges | 65/66B | €0 | €0 | +€0 | |
| Recurring financial charges | 65 | €0 | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €34,483 | €4,631 | -€29,852 | -86.6% |
| Income taxes | 67/77 | €850 | €858 | +€8 | +0.9% |
| Profit (loss) for the period | 9904 | €33,633 | €3,773 | -€29,860 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,633 | €3,773 | -€29,860 | -88.8% |
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 27 October 2026 via checked.be.