SERVICE SYSTEMS: 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 SYSTEMS
Largest movements
- Cash +€113,205
up €113,205 (+54.0%), from €209,756 to €322,961
mainly Depreciation (+€86,541) and Receivables within one year (+€83,595)
- Receivables within one year -€83,595
down €83,595 (-49.3%), from €169,537 to €85,941
of which Trade receivables: -€59,047
- Tangible fixed assets -€80,244
down €80,244 (-12.0%), from €671,415 to €591,171
of which Furniture and vehicles: -€45,824
- Debts after one year -€97,682
down €97,682 (-30.5%), from €320,461 to €222,779
- Reserves +€49,484
up €49,484 (+8.0%), from €615,722 to €665,206
of which Distributable reserves: +€49,484
- Gross operating margin -€88,988
down €88,988 (-19.1%), from €466,214 to €377,226
- Staff costs -€53,383
down €53,383 (-23.5%), from €227,467 to €174,084
- Write-downs -€18,584
down €18,584, from €9,292 to -€9,292
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 | €1,121,928 | €1,059,737 | -€62,190 | -5.5% |
| Fixed assets | 21/28 | €671,415 | €591,171 | -€80,244 | -12.0% |
| Tangible fixed assets | 22/27 | €671,415 | €591,171 | -€80,244 | -12.0% |
| Land and buildings | 22 | €488,368 | €457,669 | -€30,699 | -6.3% |
| Plant, machinery and equipment | 23 | €15,617 | €11,896 | -€3,721 | -23.8% |
| Furniture and vehicles | 24 | €167,430 | €121,606 | -€45,824 | -27.4% |
| Current assets | 29/58 | €450,513 | €468,566 | +€18,053 | +4.0% |
| Stocks and contracts in progress | 3 | €65,816 | €59,664 | -€6,151 | -9.3% |
| Stocks | 30/36 | €65,816 | €59,664 | -€6,151 | -9.3% |
| Amounts receivable within one year | 40/41 | €169,537 | €85,941 | -€83,595 | -49.3% |
| Trade receivables | 40 | €135,423 | €76,376 | -€59,047 | -43.6% |
| Other amounts receivable | 41 | €34,114 | €9,566 | -€24,548 | -72.0% |
| Cash at bank and in hand | 54/58 | €209,756 | €322,961 | +€113,205 | +54.0% |
| Deferred charges and accrued income | 490/1 | €5,405 | - | -€5,405 | |
| Total equity and liabilities | 10/49 | €1,121,928 | €1,059,737 | -€62,190 | -5.5% |
| Equity | 10/15 | €652,264 | €695,033 | +€42,769 | +6.6% |
| Contributions | 10/11 | €36,542 | €29,827 | -€6,714 | -18.4% |
| Reserves | 13 | €615,722 | €665,206 | +€49,484 | +8.0% |
| Tax-exempt reserves | 132 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €575,722 | €625,206 | +€49,484 | +8.6% |
| Amounts payable | 17/49 | €469,664 | €364,705 | -€104,960 | -22.3% |
| Amounts payable after more than one year | 17 | €320,461 | €222,779 | -€97,682 | -30.5% |
| Financial debts | 170/4 | €320,461 | €222,779 | -€97,682 | -30.5% |
| Amounts payable within one year | 42/48 | €149,100 | €141,926 | -€7,175 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €95,329 | €97,682 | +€2,353 | +2.5% |
| Financial debts | 43 | €5,106 | €5,081 | -€25 | -0.5% |
| Credit institutions | 430/8 | €5,106 | €5,081 | -€25 | -0.5% |
| Trade debts | 44 | €42,738 | €35,118 | -€7,620 | -17.8% |
| Suppliers | 440/4 | €42,738 | €35,118 | -€7,620 | -17.8% |
| Taxes, remuneration and social security | 45 | €5,927 | €4,045 | -€1,883 | -31.8% |
| Taxes | 450/3 | €5,927 | €4,045 | -€1,883 | -31.8% |
| Accrued charges and deferred income | 492/3 | €103 | - | -€103 | |
| Non-recurring operating income | 76A | €2,435 | €2,000 | -€435 | -17.9% |
| Remuneration, social security and pensions | 62 | €227,467 | €174,084 | -€53,383 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,993 | €86,541 | -€1,452 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,292 | -€9,292 | -€18,584 | |
| Other operating charges | 640/8 | €6,358 | €4,525 | -€1,833 | -28.8% |
| Non-recurring operating charges | 66A | - | €303 | +€303 | |
| Gross operating margin | 9900 | €466,214 | €377,226 | -€88,988 | -19.1% |
| Operating profit (loss) | 9901 | €135,104 | €121,065 | -€14,040 | -10.4% |
| Financial income | 75/76B | €3,152 | €4,113 | +€961 | +30.5% |
| Recurring financial income | 75 | €3,152 | €4,113 | +€961 | +30.5% |
| Financial charges | 65/66B | €17,823 | €13,828 | -€3,996 | -22.4% |
| Recurring financial charges | 65 | €17,823 | €13,828 | -€3,996 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €120,433 | €111,350 | -€9,083 | -7.5% |
| Income taxes | 67/77 | €31,088 | €29,366 | -€1,722 | -5.5% |
| Profit (loss) for the period | 9904 | €89,345 | €81,984 | -€7,361 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,345 | €81,984 | -€7,361 | -8.2% |
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 15 October 2026 via checked.be.