SERVICE VB: what changed
Two fiscal 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 VB
Largest movements
- Tangible fixed assets +€98,551
up €98,551 (+43.5%), from €226,408 to €324,959
of which Land and buildings: +€201,179
- Cash -€6,255
down €6,255 (-29.1%), from €21,469 to €15,214
mainly Investment in fixed assets (net) (-€106,860) and Trade debts (-€29,128)
- Receivables within one year -€6,254
down €6,254 (-23.4%), from €26,727 to €20,473
of which Trade receivables: -€6,518
- Debts after one year +€98,760
up €98,760 (+75.6%), from €130,613 to €229,373
- Trade debts -€29,128
down €29,128 (-90.1%), from €32,314 to €3,186
- Current portion of long-term debt +€13,160
new in 2025: €13,160
- Reserves +€6,183
up €6,183 (+32.6%), from €18,963 to €25,146
- Gross operating margin +€12,445
up €12,445 (+87.4%), from €14,243 to €26,688
- Financial charges +€7,695
up €7,695 (+280.9%), from €2,740 to €10,435
- Depreciation +€5,894
up €5,894 (+244.1%), from €2,415 to €8,309
- Other operating charges -€591
down €591 (-40.5%), from €1,458 to €867
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.
Cash bridge derived
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 | €276,662 | €364,754 | +€88,092 | +31.8% |
| Fixed assets | 21/28 | €226,408 | €324,959 | +€98,551 | +43.5% |
| Tangible fixed assets | 22/27 | €226,408 | €324,959 | +€98,551 | +43.5% |
| Land and buildings | 22 | €100,538 | €301,717 | +€201,179 | +200.1% |
| Plant, machinery and equipment | 23 | - | €6,055 | +€6,055 | |
| Furniture and vehicles | 24 | €10,189 | €17,187 | +€6,997 | +68.7% |
| Assets under construction and advance payments | 27 | €115,680 | €0 | -€115,680 | -100.0% |
| Current assets | 29/58 | €50,255 | €39,795 | -€10,459 | -20.8% |
| Stocks and contracts in progress | 3 | €1,500 | €1,800 | +€300 | +20.0% |
| Stocks | 30/36 | €1,500 | €1,800 | +€300 | +20.0% |
| Amounts receivable within one year | 40/41 | €26,727 | €20,473 | -€6,254 | -23.4% |
| Trade receivables | 40 | €14,869 | €8,352 | -€6,518 | -43.8% |
| Other amounts receivable | 41 | €11,858 | €12,122 | +€264 | +2.2% |
| Cash at bank and in hand | 54/58 | €21,469 | €15,214 | -€6,255 | -29.1% |
| Deferred charges and accrued income | 490/1 | €559 | €2,308 | +€1,749 | +313.2% |
| Total equity and liabilities | 10/49 | €276,662 | €364,754 | +€88,092 | +31.8% |
| Equity | 10/15 | €21,963 | €28,146 | +€6,183 | +28.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,963 | €25,146 | +€6,183 | +32.6% |
| Distributable reserves | 133 | €18,963 | €25,146 | +€6,183 | +32.6% |
| Amounts payable | 17/49 | €254,699 | €336,608 | +€81,909 | +32.2% |
| Amounts payable after more than one year | 17 | €130,613 | €229,373 | +€98,760 | +75.6% |
| Financial debts | 170/4 | €130,613 | €229,373 | +€98,760 | +75.6% |
| Amounts payable within one year | 42/48 | €124,086 | €107,235 | -€16,851 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | - | €13,160 | +€13,160 | |
| Trade debts | 44 | €32,314 | €3,186 | -€29,128 | -90.1% |
| Suppliers | 440/4 | €32,314 | €3,186 | -€29,128 | -90.1% |
| Taxes, remuneration and social security | 45 | €1,905 | €2,042 | +€137 | +7.2% |
| Taxes | 450/3 | €705 | €842 | +€137 | +19.4% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €89,867 | €88,847 | -€1,021 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,415 | €8,309 | +€5,894 | +244.1% |
| Other operating charges | 640/8 | €1,458 | €867 | -€591 | -40.5% |
| Non-recurring operating charges | 66A | - | €895 | +€895 | |
| Gross operating margin | 9900 | €14,243 | €26,688 | +€12,445 | +87.4% |
| Operating profit (loss) | 9901 | €10,370 | €16,617 | +€6,247 | +60.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €2,740 | €10,435 | +€7,695 | +280.9% |
| Recurring financial charges | 65 | €2,740 | €10,435 | +€7,695 | +280.9% |
| Profit (loss) for the period before taxes | 9903 | €7,630 | €6,183 | -€1,448 | -19.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €7,630 | €6,183 | -€1,448 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,630 | €6,183 | -€1,448 | -19.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.