Service2cities: 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.
Service2cities
Largest movements
- Receivables within one year -€3.8m
down €3.8m (-53.4%), from €7.1m to €3.3m
of which Other amounts receivable: -€3.8m
- Deferred charges and accrued income -€755,504
down €755,504 (-95.3%), from €792,353 to €36,850
- Cash +€702,261
up €702,261 (+951.3%), from €73,825 to €776,086
mainly Receivables within one year (+€3.8m) and Net result for the year (+€1.2m)
- Tangible fixed assets -€194,616
down €194,616 (-14.9%), from €1.3m to €1.1m
- Profit (loss) carried forward -€2.5m
down €2.5m (-59.6%), from €4.1m to €1.7m
- Reserves -€885,188
down €885,188 (-97.3%), from €909,738 to €24,550
of which Distributable reserves: -€885,188
- Accrued charges and deferred income -€687,931
down €687,931 (-21.9%), from €3.1m to €2.4m
- Trade debts -€225,549
down €225,549 (-85.0%), from €265,236 to €39,687
- Tax, wage and social debts +€211,988
up €211,988 (+35.6%), from €594,657 to €806,645
- Gross operating margin +€565,646
up €565,646 (+34.1%), from €1.7m to €2.2m
- Taxes +€181,919
up €181,919 (+72.1%), from €252,157 to €434,076
- Depreciation +€34,476
up €34,476 (+7.1%), from €487,083 to €521,559
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 | €9,274,564 | €5,231,935 | -€4.0m | -43.6% |
| Fixed assets | 21/28 | €1,308,375 | €1,113,759 | -€194,616 | -14.9% |
| Tangible fixed assets | 22/27 | €1,308,375 | €1,113,759 | -€194,616 | -14.9% |
| Plant, machinery and equipment | 23 | €1,308,375 | €1,113,759 | -€194,616 | -14.9% |
| Current assets | 29/58 | €7,966,189 | €4,118,177 | -€3.8m | -48.3% |
| Amounts receivable within one year | 40/41 | €7,100,011 | €3,305,242 | -€3.8m | -53.4% |
| Trade receivables | 40 | €25,866 | €15,797 | -€10,069 | -38.9% |
| Other amounts receivable | 41 | €7,074,145 | €3,289,445 | -€3.8m | -53.5% |
| Cash at bank and in hand | 54/58 | €73,825 | €776,086 | +€702,261 | +951.3% |
| Deferred charges and accrued income | 490/1 | €792,353 | €36,850 | -€755,504 | -95.3% |
| Total equity and liabilities | 10/49 | €9,274,564 | €5,231,935 | -€4.0m | -43.6% |
| Equity | 10/15 | €5,277,641 | €1,936,503 | -€3.3m | -63.3% |
| Contributions | 10/11 | €245,500 | €245,500 | = | 0.0% |
| Capital | 10 | €245,500 | €245,500 | = | 0.0% |
| Issued capital | 100 | €245,500 | €245,500 | = | 0.0% |
| Reserves | 13 | €909,738 | €24,550 | -€885,188 | -97.3% |
| Non-distributable reserves | 130/1 | €24,550 | €24,550 | = | 0.0% |
| Legal reserve | 130 | €24,550 | €24,550 | = | 0.0% |
| Distributable reserves | 133 | €885,188 | - | -€885,188 | |
| Profit (loss) carried forward | 14 | €4,122,402 | €1,666,453 | -€2.5m | -59.6% |
| Amounts payable | 17/49 | €3,996,924 | €3,295,432 | -€701,491 | -17.6% |
| Amounts payable within one year | 42/48 | €859,893 | €846,332 | -€13,561 | -1.6% |
| Trade debts | 44 | €265,236 | €39,687 | -€225,549 | -85.0% |
| Suppliers | 440/4 | €265,236 | €39,687 | -€225,549 | -85.0% |
| Taxes, remuneration and social security | 45 | €594,657 | €806,645 | +€211,988 | +35.6% |
| Taxes | 450/3 | €594,657 | €806,645 | +€211,988 | +35.6% |
| Accrued charges and deferred income | 492/3 | €3,137,031 | €2,449,100 | -€687,931 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487,083 | €521,559 | +€34,476 | +7.1% |
| Other operating charges | 640/8 | €248,538 | €252,151 | +€3,613 | +1.5% |
| Gross operating margin | 9900 | €1,659,910 | €2,225,556 | +€565,646 | +34.1% |
| Operating profit (loss) | 9901 | €924,289 | €1,451,846 | +€527,557 | +57.1% |
| Financial income | 75/76B | €207,530 | €214,425 | +€6,895 | +3.3% |
| Recurring financial income | 75 | €207,530 | €214,425 | +€6,895 | +3.3% |
| Financial charges | 65/66B | €67,754 | €73,332 | +€5,579 | +8.2% |
| Recurring financial charges | 65 | €67,754 | €73,332 | +€5,579 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €1,064,065 | €1,592,938 | +€528,873 | +49.7% |
| Income taxes | 67/77 | €252,157 | €434,076 | +€181,919 | +72.1% |
| Profit (loss) for the period | 9904 | €811,908 | €1,158,862 | +€346,954 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €811,908 | €1,158,862 | +€346,954 | +42.7% |
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 3 October 2026 via checked.be.