SERVICES & ASSETS MANAGEMENT: 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.
SERVICES & ASSETS MANAGEMENT
Largest movements
- Current investments -€776,939
down €776,939 (-100%), from €776,939 to €0
- Cash -€44,316
down €44,316 (-57.8%), from €76,639 to €32,323
mainly Other debts (-€750,545) and Net result for the year (-€66,664)
- Other debts -€750,545
down €750,545 (-79.5%), from €944,319 to €193,774
- Profit (loss) carried forward -€38,295
down €38,295 (-24.2%), from -€158,420 to -€196,716
- Reserves -€28,369
down €28,369 (-2.7%), from €1.1m to €1.0m
of which Tax-exempt reserves: -€28,369
- Financial charges -€164,822
down €164,822 (-99.4%), from €165,858 to €1,036
- Gross operating margin -€8,790
down €8,790 (-50.8%), from -€17,314 to -€26,104
- Depreciation +€8,032
up €8,032 (+22.3%), from €36,071 to €44,103
- Financial income -€7,923
down €7,923 (-100%), from €7,923 to €0
- Taxes +€4,864
new in 2024: €4,864
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,821,707 | €1,975,589 | -€846,118 | -30.0% |
| Formation expenses | 20 | €95,419 | €92,505 | -€2,914 | -3.1% |
| Fixed assets | 21/28 | €1,813,827 | €1,798,517 | -€15,310 | -0.8% |
| Tangible fixed assets | 22/27 | €1,813,827 | €1,798,517 | -€15,310 | -0.8% |
| Land and buildings | 22 | €1,792,774 | €1,754,179 | -€38,595 | -2.2% |
| Plant, machinery and equipment | 23 | €20,509 | €39,782 | +€19,273 | +94.0% |
| Furniture and vehicles | 24 | €544 | €4,556 | +€4,012 | +738% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €912,461 | €84,566 | -€827,895 | -90.7% |
| Amounts receivable within one year | 40/41 | €51,114 | €51,931 | +€817 | +1.6% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €51,114 | €51,931 | +€817 | +1.6% |
| Current investments | 50/53 | €776,939 | €0 | -€776,939 | -100% |
| Cash at bank and in hand | 54/58 | €76,639 | €32,323 | -€44,316 | -57.8% |
| Deferred charges and accrued income | 490/1 | €7,769 | €312 | -€7,457 | -96.0% |
| Total equity and liabilities | 10/49 | €2,821,707 | €1,975,589 | -€846,118 | -30.0% |
| Equity | 10/15 | €972,990 | €906,325 | -€66,664 | -6.9% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,068,910 | €1,040,541 | -€28,369 | -2.7% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €917,259 | €888,890 | -€28,369 | -3.1% |
| Distributable reserves | 133 | €145,401 | €145,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,420 | -€196,716 | -€38,295 | -24.2% |
| Provisions and deferred taxes | 16 | €885,699 | €873,783 | -€11,916 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €500,403 | €500,403 | = | 0.0% |
| Major repairs and maintenance | 162 | €500,403 | €500,403 | = | 0.0% |
| Deferred taxes | 168 | €385,296 | €373,379 | -€11,916 | -3.1% |
| Amounts payable | 17/49 | €963,018 | €195,481 | -€767,537 | -79.7% |
| Amounts payable within one year | 42/48 | €961,604 | €195,481 | -€766,124 | -79.7% |
| Trade debts | 44 | €746 | €1,707 | +€961 | +129% |
| Suppliers | 440/4 | €746 | €1,707 | +€961 | +129% |
| Taxes, remuneration and social security | 45 | €16,540 | €0 | -€16,540 | -100% |
| Taxes | 450/3 | €16,540 | €0 | -€16,540 | -100% |
| Other amounts payable | 47/48 | €944,319 | €193,774 | -€750,545 | -79.5% |
| Accrued charges and deferred income | 492/3 | €1,414 | €0 | -€1,414 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,071 | €44,103 | +€8,032 | +22.3% |
| Other operating charges | 640/8 | €2,704 | €2,473 | -€231 | -8.5% |
| Gross operating margin | 9900 | -€17,314 | -€26,104 | -€8,790 | -50.8% |
| Operating profit (loss) | 9901 | -€56,089 | -€72,681 | -€16,592 | -29.6% |
| Financial income | 75/76B | €7,923 | €0 | -€7,923 | -100% |
| Recurring financial income | 75 | €7,923 | €0 | -€7,923 | -100% |
| Financial charges | 65/66B | €165,858 | €1,036 | -€164,822 | -99.4% |
| Recurring financial charges | 65 | €165,858 | €1,036 | -€164,822 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | -€214,024 | -€73,717 | +€140,308 | +65.6% |
| Transfer from deferred taxes | 780 | €11,916 | €11,916 | = | 0.0% |
| Income taxes | 67/77 | - | €4,864 | +€4,864 | |
| Profit (loss) for the period | 9904 | -€202,108 | -€66,664 | +€135,444 | +67.0% |
| Transfer from tax-exempt reserves | 789 | €28,369 | €28,369 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€173,739 | -€38,295 | +€135,444 | +78.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.