SERVICES MANAGEMENT FORMATION: 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.
SERVICES MANAGEMENT FORMATION
Largest movements
- Cash -€112,413
down €112,413 (-44.5%), from €252,645 to €140,232
mainly Tax, wage and social debts (-€75,226) and Net result for the year (-€66,742)
- Receivables within one year -€111,526
down €111,526 (-38.9%), from €286,591 to €175,065
of which Trade receivables: -€120,641
- Deferred charges and accrued income +€41,006
up €41,006 (+476.9%), from €8,599 to €49,605
- Tangible fixed assets +€33,174
up €33,174 (+8.6%), from €384,991 to €418,165
of which Land and buildings: +€27,836
- Tax, wage and social debts -€75,226
down €75,226 (-47.9%), from €157,008 to €81,782
of which Remuneration and social security: -€74,184
- Profit (loss) carried forward -€66,742
down €66,742 (-14.1%), from €474,503 to €407,761
- Debts after one year -€11,513
down €11,513 (-5.7%), from €202,095 to €190,582
- Staff costs +€38,544
up €38,544 (+7.1%), from €540,538 to €579,082
- Other operating charges +€13,945
up €13,945 (+692.6%), from €2,013 to €15,958
- Purchases and services +€10,318
up €10,318 (+4.8%), from €216,792 to €227,110
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 | €932,826 | €783,066 | -€149,759 | -16.1% |
| Fixed assets | 21/28 | €384,991 | €418,165 | +€33,174 | +8.6% |
| Tangible fixed assets | 22/27 | €384,991 | €418,165 | +€33,174 | +8.6% |
| Land and buildings | 22 | €376,032 | €403,868 | +€27,836 | +7.4% |
| Furniture and vehicles | 24 | €8,806 | €14,196 | +€5,389 | +61.2% |
| Other tangible fixed assets | 26 | €152 | €101 | -€51 | -33.3% |
| Current assets | 29/58 | €547,835 | €364,901 | -€182,934 | -33.4% |
| Amounts receivable within one year | 40/41 | €286,591 | €175,065 | -€111,526 | -38.9% |
| Trade receivables | 40 | €280,221 | €159,580 | -€120,641 | -43.1% |
| Other amounts receivable | 41 | €6,370 | €15,485 | +€9,115 | +143.1% |
| Cash at bank and in hand | 54/58 | €252,645 | €140,232 | -€112,413 | -44.5% |
| Deferred charges and accrued income | 490/1 | €8,599 | €49,605 | +€41,006 | +476.9% |
| Total equity and liabilities | 10/49 | €932,826 | €783,066 | -€149,759 | -16.1% |
| Equity | 10/15 | €504,470 | €437,728 | -€66,742 | -13.2% |
| Contributions | 10/11 | €29,967 | €29,967 | = | 0.0% |
| Capital | 10 | €29,967 | €29,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €474,503 | €407,761 | -€66,742 | -14.1% |
| Amounts payable | 17/49 | €428,356 | €345,338 | -€83,018 | -19.4% |
| Amounts payable after more than one year | 17 | €202,095 | €190,582 | -€11,513 | -5.7% |
| Financial debts | 170/4 | €202,095 | €190,582 | -€11,513 | -5.7% |
| Amounts payable within one year | 42/48 | €226,119 | €154,756 | -€71,363 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €11,340 | €11,513 | +€174 | +1.5% |
| Trade debts | 44 | €57,771 | €61,461 | +€3,690 | +6.4% |
| Suppliers | 440/4 | €57,771 | €61,461 | +€3,690 | +6.4% |
| Taxes, remuneration and social security | 45 | €157,008 | €81,782 | -€75,226 | -47.9% |
| Taxes | 450/3 | €45,196 | €44,154 | -€1,042 | -2.3% |
| Remuneration and social security | 454/9 | €111,812 | €37,628 | -€74,184 | -66.3% |
| Accrued charges and deferred income | 492/3 | €142 | €0 | -€142 | -100.0% |
| Turnover | 70 | €661,441 | €666,911 | +€5,469 | +0.8% |
| Non-recurring operating income | 76A | €497 | €6,975 | +€6,478 | +1303.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €216,792 | €227,110 | +€10,318 | +4.8% |
| Remuneration, social security and pensions | 62 | €540,538 | €579,082 | +€38,544 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,324 | €30,882 | +€3,558 | +13.0% |
| Other operating charges | 640/8 | €2,013 | €15,958 | +€13,945 | +692.6% |
| Non-recurring operating charges | 66A | €30 | €9,090 | +€9,060 | +30629.4% |
| Gross operating margin | 9900 | €567,017 | €571,205 | +€4,188 | +0.7% |
| Operating profit (loss) | 9901 | -€2,889 | -€63,807 | -€60,919 | -2108.9% |
| Financial income | 75/76B | €1,642 | €908 | -€734 | -44.7% |
| Recurring financial income | 75 | €1,642 | €908 | -€734 | -44.7% |
| Financial charges | 65/66B | €4,115 | €3,842 | -€273 | -6.6% |
| Recurring financial charges | 65 | €4,115 | €3,842 | -€273 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,362 | -€66,742 | -€61,380 | -1144.7% |
| Profit (loss) for the period | 9904 | -€5,362 | -€66,742 | -€61,380 | -1144.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,362 | -€66,742 | -€61,380 | -1144.7% |
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 6 October 2026 via checked.be.