SERVICES TAX: 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 TAX
Largest movements
- Financial fixed assets +€225,000
up €225,000 (+9225.5%), from €2,439 to €227,439
- Receivables within one year +€52,180
up €52,180 (+73.7%), from €70,848 to €123,028
of which Trade receivables: +€49,970
- Cash -€16,555
down €16,555 (-69.5%), from €23,814 to €7,259
mainly Investment in fixed assets (net) (-€240,176) and Receivables within one year (-€52,180)
- Tangible fixed assets -€15,652
down €15,652 (-17.4%), from €90,040 to €74,388
of which Leasing and similar rights: -€9,500
- Receivables after one year -€7,025
no longer reported in 2025 (was €7,025)
- Debts after one year +€158,608
up €158,608 (+739.5%), from €21,448 to €180,056
of which Financial debts: +€158,608
- Other debts +€53,882
new in 2025: €53,882
- Reserves +€15,389
up €15,389 (+22.8%), from €67,365 to €82,754
- Short-term financial debts +€13,619
new in 2025: €13,619
- Tax, wage and social debts -€12,320
down €12,320 (-23.9%), from €51,576 to €39,256
of which Remuneration and social security: -€10,031
- Gross operating margin -€53,765
down €53,765 (-17.2%), from €312,073 to €258,309
- Staff costs -€47,965
down €47,965 (-20.8%), from €230,199 to €182,234
- Financial charges -€5,211
down €5,211 (-41.8%), from €12,461 to €7,249
of which Non-recurring financial charges: -€7,951
- Other operating charges +€4,577
up €4,577 (+125.8%), from €3,638 to €8,215
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 | €195,120 | €433,353 | +€238,233 | +122.1% |
| Fixed assets | 21/28 | €92,479 | €301,827 | +€209,348 | +226.4% |
| Tangible fixed assets | 22/27 | €90,040 | €74,388 | -€15,652 | -17.4% |
| Plant, machinery and equipment | 23 | €222 | €1,567 | +€1,345 | +605.5% |
| Furniture and vehicles | 24 | €44,188 | €39,458 | -€4,730 | -10.7% |
| Leasing and similar rights | 25 | €21,807 | €12,307 | -€9,500 | -43.6% |
| Other tangible fixed assets | 26 | €23,822 | €21,055 | -€2,767 | -11.6% |
| Financial fixed assets | 28 | €2,439 | €227,439 | +€225,000 | +9225.5% |
| Current assets | 29/58 | €102,641 | €131,526 | +€28,885 | +28.1% |
| Amounts receivable after more than one year | 29 | €7,025 | - | -€7,025 | |
| Other amounts receivable | 291 | €7,025 | - | -€7,025 | |
| Amounts receivable within one year | 40/41 | €70,848 | €123,028 | +€52,180 | +73.7% |
| Trade receivables | 40 | €46,913 | €96,883 | +€49,970 | +106.5% |
| Other amounts receivable | 41 | €23,935 | €26,145 | +€2,210 | +9.2% |
| Cash at bank and in hand | 54/58 | €23,814 | €7,259 | -€16,555 | -69.5% |
| Deferred charges and accrued income | 490/1 | €954 | €1,239 | +€284 | +29.8% |
| Total equity and liabilities | 10/49 | €195,120 | €433,353 | +€238,233 | +122.1% |
| Equity | 10/15 | €85,965 | €101,354 | +€15,389 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,365 | €82,754 | +€15,389 | +22.8% |
| Distributable reserves | 133 | €67,365 | €82,754 | +€15,389 | +22.8% |
| Amounts payable | 17/49 | €109,155 | €331,999 | +€222,844 | +204.2% |
| Amounts payable after more than one year | 17 | €21,448 | €180,056 | +€158,608 | +739.5% |
| Financial debts | 170/4 | €21,234 | €179,842 | +€158,608 | +747.0% |
| Other amounts payable | 178/9 | €214 | €214 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,707 | €151,943 | +€64,236 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €29,851 | €39,543 | +€9,692 | +32.5% |
| Financial debts | 43 | - | €13,619 | +€13,619 | |
| Credit institutions | 430/8 | - | €13,619 | +€13,619 | |
| Trade debts | 44 | €6,280 | €5,643 | -€636 | -10.1% |
| Suppliers | 440/4 | €6,280 | €5,643 | -€636 | -10.1% |
| Taxes, remuneration and social security | 45 | €51,576 | €39,256 | -€12,320 | -23.9% |
| Taxes | 450/3 | €22,836 | €20,547 | -€2,289 | -10.0% |
| Remuneration and social security | 454/9 | €28,740 | €18,709 | -€10,031 | -34.9% |
| Other amounts payable | 47/48 | - | €53,882 | +€53,882 | |
| Non-recurring operating income | 76A | €1,252 | €912 | -€340 | -27.2% |
| Remuneration, social security and pensions | 62 | €230,199 | €182,234 | -€47,965 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,790 | €30,828 | -€962 | -3.0% |
| Other operating charges | 640/8 | €3,638 | €8,215 | +€4,577 | +125.8% |
| Non-recurring operating charges | 66A | €12,424 | €3,077 | -€9,347 | -75.2% |
| Gross operating margin | 9900 | €312,073 | €258,309 | -€53,765 | -17.2% |
| Operating profit (loss) | 9901 | €34,022 | €33,954 | -€68 | -0.2% |
| Financial charges | 65/66B | €12,461 | €7,249 | -€5,211 | -41.8% |
| Recurring financial charges | 65 | €4,256 | €6,995 | +€2,739 | +64.4% |
| Non-recurring financial charges | 66B | €8,205 | €254 | -€7,951 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | €21,562 | €26,705 | +€5,143 | +23.9% |
| Income taxes | 67/77 | €8,919 | €11,316 | +€2,397 | +26.9% |
| Profit (loss) for the period | 9904 | €12,643 | €15,389 | +€2,746 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,643 | €15,389 | +€2,746 | +21.7% |
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 8 October 2026 via checked.be.