SERVICES & MATERIEL: 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 & MATERIEL
Largest movements
- Tangible fixed assets -€10,405
down €10,405 (-18.3%), from €56,975 to €46,570
of which Land and buildings: -€6,126
- Receivables within one year +€9,914
up €9,914 (+281%), from €3,534 to €13,448
of which Trade receivables: +€10,198
- Cash -€2,129
down €2,129 (-6.5%), from €32,697 to €30,567
mainly Receivables within one year (-€9,914) and Debts after one year (-€4,137)
- Reserves +€5,800
up €5,800 (+9.6%), from €60,679 to €66,479
of which Distributable reserves: +€5,800
- Debts after one year -€4,137
down €4,137 (-49.1%), from €8,422 to €4,285
- Other debts -€2,193
down €2,193 (-67.7%), from €3,239 to €1,046
- Trade debts -€1,548
down €1,548 (-97.0%), from €1,596 to €48
- Taxes -€1,192
down €1,192 (-29.5%), from €4,040 to €2,848
- Depreciation +€875
up €875 (+7.1%), from €12,246 to €13,121
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 | €93,318 | €90,610 | -€2,707 | -2.9% |
| Fixed assets | 21/28 | €57,000 | €46,595 | -€10,405 | -18.3% |
| Tangible fixed assets | 22/27 | €56,975 | €46,570 | -€10,405 | -18.3% |
| Land and buildings | 22 | €38,267 | €32,142 | -€6,126 | -16.0% |
| Plant, machinery and equipment | 23 | €278 | €54 | -€223 | -80.4% |
| Furniture and vehicles | 24 | €18,430 | €14,374 | -€4,056 | -22.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €36,318 | €44,015 | +€7,698 | +21.2% |
| Amounts receivable within one year | 40/41 | €3,534 | €13,448 | +€9,914 | +281% |
| Trade receivables | 40 | €2,159 | €12,357 | +€10,198 | +472% |
| Other amounts receivable | 41 | €1,375 | €1,091 | -€284 | -20.6% |
| Cash at bank and in hand | 54/58 | €32,697 | €30,567 | -€2,129 | -6.5% |
| Deferred charges and accrued income | 490/1 | €87 | - | -€87 | |
| Total equity and liabilities | 10/49 | €93,318 | €90,610 | -€2,707 | -2.9% |
| Equity | 10/15 | €71,581 | €77,403 | +€5,822 | +8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,679 | €66,479 | +€5,800 | +9.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €220 | €220 | = | 0.0% |
| Distributable reserves | 133 | €58,600 | €64,400 | +€5,800 | +9.9% |
| Profit (loss) carried forward | 14 | €4,701 | €4,724 | +€22 | +0.5% |
| Amounts payable | 17/49 | €21,737 | €13,207 | -€8,530 | -39.2% |
| Amounts payable after more than one year | 17 | €8,422 | €4,285 | -€4,137 | -49.1% |
| Financial debts | 170/4 | €8,422 | €4,285 | -€4,137 | -49.1% |
| Amounts payable within one year | 42/48 | €13,315 | €8,923 | -€4,393 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €3,995 | €4,137 | +€142 | +3.6% |
| Trade debts | 44 | €1,596 | €48 | -€1,548 | -97.0% |
| Suppliers | 440/4 | €1,596 | €48 | -€1,548 | -97.0% |
| Taxes, remuneration and social security | 45 | €4,486 | €3,692 | -€794 | -17.7% |
| Taxes | 450/3 | €4,486 | €3,692 | -€794 | -17.7% |
| Other amounts payable | 47/48 | €3,239 | €1,046 | -€2,193 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,246 | €13,121 | +€875 | +7.1% |
| Other operating charges | 640/8 | - | €134 | +€134 | |
| Gross operating margin | 9900 | €23,236 | €23,087 | -€149 | -0.6% |
| Operating profit (loss) | 9901 | €10,990 | €9,832 | -€1,158 | -10.5% |
| Financial income | 75/76B | €192 | €242 | +€51 | +26.4% |
| Recurring financial income | 75 | €192 | €242 | +€51 | +26.4% |
| Financial charges | 65/66B | €610 | €545 | -€65 | -10.6% |
| Recurring financial charges | 65 | €610 | €545 | -€65 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €10,572 | €9,529 | -€1,043 | -9.9% |
| Income taxes | 67/77 | €4,040 | €2,848 | -€1,192 | -29.5% |
| Profit (loss) for the period | 9904 | €6,532 | €6,681 | +€150 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,532 | €6,681 | +€150 | +2.3% |
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.