SERVICE PLUS: 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 PLUS
Largest movements
- Cash +€93,128
up €93,128 (+12.9%), from €724,367 to €817,495
mainly Net result for the year (+€74,801) and Depreciation (+€54,939)
- Tangible fixed assets -€54,939
down €54,939 (-16.0%), from €343,802 to €288,863
- Receivables within one year -€20,347
down €20,347 (-13.2%), from €153,887 to €133,540
of which Trade receivables: -€17,913
- Reserves +€74,801
up €74,801 (+5.6%), from €1.3m to €1.4m
of which Distributable reserves: +€74,801
- Other debts -€51,025
down €51,025 (-82.1%), from €62,181 to €11,156
- Gross operating margin +€23,951
up €23,951 (+8.8%), from €271,135 to €295,086
- Taxes +€6,583
up €6,583 (+28.8%), from €22,854 to €29,437
- Staff costs +€6,119
up €6,119 (+4.9%), from €125,677 to €131,797
- Depreciation -€4,802
down €4,802 (-8.0%), from €59,742 to €54,939
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 | €1,448,447 | €1,474,831 | +€26,384 | +1.8% |
| Fixed assets | 21/28 | €343,997 | €289,058 | -€54,939 | -16.0% |
| Tangible fixed assets | 22/27 | €343,802 | €288,863 | -€54,939 | -16.0% |
| Land and buildings | 22 | €258,763 | €232,629 | -€26,135 | -10.1% |
| Plant, machinery and equipment | 23 | €41,548 | €29,555 | -€11,993 | -28.9% |
| Furniture and vehicles | 24 | €43,491 | €26,679 | -€16,812 | -38.7% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €1,104,450 | €1,185,773 | +€81,324 | +7.4% |
| Stocks and contracts in progress | 3 | €17,548 | €19,027 | +€1,479 | +8.4% |
| Stocks | 30/36 | €17,548 | €19,027 | +€1,479 | +8.4% |
| Amounts receivable within one year | 40/41 | €153,887 | €133,540 | -€20,347 | -13.2% |
| Trade receivables | 40 | €147,864 | €129,951 | -€17,913 | -12.1% |
| Other amounts receivable | 41 | €6,023 | €3,590 | -€2,434 | -40.4% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €724,367 | €817,495 | +€93,128 | +12.9% |
| Deferred charges and accrued income | 490/1 | €8,647 | €15,711 | +€7,064 | +81.7% |
| Total equity and liabilities | 10/49 | €1,448,447 | €1,474,831 | +€26,384 | +1.8% |
| Equity | 10/15 | €1,357,320 | €1,432,122 | +€74,801 | +5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,338,728 | €1,413,530 | +€74,801 | +5.6% |
| Tax-exempt reserves | 132 | €176 | €176 | = | 0.0% |
| Distributable reserves | 133 | €1,338,552 | €1,413,354 | +€74,801 | +5.6% |
| Amounts payable | 17/49 | €91,126 | €42,709 | -€48,417 | -53.1% |
| Amounts payable within one year | 42/48 | €90,044 | €42,103 | -€47,942 | -53.2% |
| Trade debts | 44 | €8,711 | €10,135 | +€1,424 | +16.3% |
| Suppliers | 440/4 | €8,711 | €10,135 | +€1,424 | +16.3% |
| Taxes, remuneration and social security | 45 | €19,153 | €20,812 | +€1,659 | +8.7% |
| Taxes | 450/3 | €10,540 | €12,303 | +€1,763 | +16.7% |
| Remuneration and social security | 454/9 | €8,612 | €8,509 | -€104 | -1.2% |
| Other amounts payable | 47/48 | €62,181 | €11,156 | -€51,025 | -82.1% |
| Accrued charges and deferred income | 492/3 | €1,082 | €607 | -€476 | -43.9% |
| Non-recurring operating income | 76A | €16,250 | - | -€16,250 | |
| Remuneration, social security and pensions | 62 | €125,677 | €131,797 | +€6,119 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,742 | €54,939 | -€4,802 | -8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,132 | -€1,509 | -€377 | -33.3% |
| Other operating charges | 640/8 | €11,137 | €11,284 | +€146 | +1.3% |
| Gross operating margin | 9900 | €271,135 | €295,086 | +€23,951 | +8.8% |
| Operating profit (loss) | 9901 | €75,711 | €98,576 | +€22,865 | +30.2% |
| Financial income | 75/76B | €8,822 | €6,530 | -€2,292 | -26.0% |
| Recurring financial income | 75 | €8,822 | €6,530 | -€2,292 | -26.0% |
| Financial charges | 65/66B | €1,174 | €867 | -€306 | -26.1% |
| Recurring financial charges | 65 | €1,174 | €867 | -€306 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €83,359 | €104,238 | +€20,879 | +25.0% |
| Income taxes | 67/77 | €22,854 | €29,437 | +€6,583 | +28.8% |
| Profit (loss) for the period | 9904 | €60,505 | €74,801 | +€14,297 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,505 | €74,801 | +€14,297 | +23.6% |
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.