Service Mandate: 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 Mandate
Largest movements
- Cash -€117,325
down €117,325 (-51.7%), from €226,726 to €109,401
mainly Investment in fixed assets (net) (-€134,243) and Contributions, distributions and other (-€86,337)
- Tangible fixed assets +€87,371
up €87,371 (+16.3%), from €535,178 to €622,549
of which Land and buildings: +€89,724
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Receivables within one year -€15,312
down €15,312 (-37.1%), from €41,268 to €25,957
of which Trade receivables: -€22,321
- Reserves -€101,239
down €101,239 (-21.6%), from €467,617 to €366,379
of which Distributable reserves: -€98,973
- Other debts +€22,988
up €22,988 (+7.5%), from €307,138 to €330,126
- Debts after one year -€16,967
down €16,967 (-79.9%), from €21,246 to €4,279
- Tax, wage and social debts -€11,748
down €11,748 (-50.0%), from €23,495 to €11,748
of which Taxes: -€11,748
- Trade debts +€8,934
up €8,934 (+531%), from €1,684 to €10,618
- Gross operating margin -€66,090
down €66,090 (-56.7%), from €116,589 to €50,500
- Taxes -€21,770
down €21,770 (-98.8%), from €22,041 to €271
- Depreciation +€17,009
up €17,009 (+57.0%), from €29,863 to €46,872
- Financial income -€9,059
down €9,059 (-99.2%), from €9,132 to €74
of which Non-recurring financial income: -€4,542
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 | €860,831 | €762,951 | -€97,880 | -11.4% |
| Fixed assets | 21/28 | €537,498 | €624,869 | +€87,371 | +16.3% |
| Tangible fixed assets | 22/27 | €535,178 | €622,549 | +€87,371 | +16.3% |
| Land and buildings | 22 | €523,354 | €613,078 | +€89,724 | +17.1% |
| Plant, machinery and equipment | 23 | €1,390 | €1,489 | +€98 | +7.1% |
| Furniture and vehicles | 24 | €9,851 | €7,594 | -€2,257 | -22.9% |
| Other tangible fixed assets | 26 | €583 | €389 | -€194 | -33.3% |
| Financial fixed assets | 28 | €2,320 | €2,320 | = | 0.0% |
| Current assets | 29/58 | €323,334 | €138,083 | -€185,251 | -57.3% |
| Amounts receivable within one year | 40/41 | €41,268 | €25,957 | -€15,312 | -37.1% |
| Trade receivables | 40 | €34,233 | €11,912 | -€22,321 | -65.2% |
| Other amounts receivable | 41 | €7,035 | €14,045 | +€7,010 | +99.6% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €226,726 | €109,401 | -€117,325 | -51.7% |
| Deferred charges and accrued income | 490/1 | €5,340 | €2,725 | -€2,614 | -49.0% |
| Total equity and liabilities | 10/49 | €860,831 | €762,951 | -€97,880 | -11.4% |
| Equity | 10/15 | €473,817 | €372,579 | -€101,239 | -21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €467,617 | €366,379 | -€101,239 | -21.6% |
| Tax-exempt reserves | 132 | €16,155 | €13,889 | -€2,266 | -14.0% |
| Distributable reserves | 133 | €451,462 | €352,489 | -€98,973 | -21.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €4,039 | €3,472 | -€566 | -14.0% |
| Deferred taxes | 168 | €4,039 | €3,472 | -€566 | -14.0% |
| Amounts payable | 17/49 | €382,975 | €386,901 | +€3,925 | +1.0% |
| Amounts payable after more than one year | 17 | €21,246 | €4,279 | -€16,967 | -79.9% |
| Financial debts | 170/4 | €21,246 | €4,279 | -€16,967 | -79.9% |
| Amounts payable within one year | 42/48 | €349,048 | €369,458 | +€20,410 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €16,731 | €16,967 | +€236 | +1.4% |
| Trade debts | 44 | €1,684 | €10,618 | +€8,934 | +531% |
| Suppliers | 440/4 | €1,684 | €10,618 | +€8,934 | +531% |
| Taxes, remuneration and social security | 45 | €23,495 | €11,748 | -€11,748 | -50.0% |
| Taxes | 450/3 | €23,495 | €11,748 | -€11,748 | -50.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €307,138 | €330,126 | +€22,988 | +7.5% |
| Accrued charges and deferred income | 492/3 | €12,682 | €13,163 | +€481 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,863 | €46,872 | +€17,009 | +57.0% |
| Other operating charges | 640/8 | €4,746 | €3,824 | -€921 | -19.4% |
| Gross operating margin | 9900 | €116,589 | €50,500 | -€66,090 | -56.7% |
| Operating profit (loss) | 9901 | €81,980 | -€197 | -€82,177 | |
| Financial income | 75/76B | €9,132 | €74 | -€9,059 | -99.2% |
| Recurring financial income | 75 | €4,590 | €74 | -€4,517 | -98.4% |
| Non-recurring financial income | 76B | €4,542 | €0 | -€4,542 | -100% |
| Financial charges | 65/66B | €13,972 | €15,075 | +€1,103 | +7.9% |
| Recurring financial charges | 65 | €13,972 | €15,075 | +€1,103 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €77,141 | -€15,198 | -€92,339 | |
| Transfer from deferred taxes | 780 | €412 | €566 | +€154 | +37.5% |
| Income taxes | 67/77 | €22,041 | €271 | -€21,770 | -98.8% |
| Profit (loss) for the period | 9904 | €55,512 | -€14,902 | -€70,414 | |
| Transfer from tax-exempt reserves | 789 | €1,648 | €2,266 | +€617 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,160 | -€12,637 | -€69,796 |
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 17 October 2026 via checked.be.