Services4Growth: 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.
Services4Growth
Largest movements
- Cash +€31,959
up €31,959 (+54.0%), from €59,147 to €91,106
mainly Net result for the year (+€26,877) and Depreciation (+€5,533)
- Receivables within one year +€6,325
up €6,325 (+237%), from €2,664 to €8,989
of which Other amounts receivable: +€5,843
- Tangible fixed assets -€5,533
down €5,533 (-53.5%), from €10,346 to €4,813
of which Furniture and vehicles: -€5,065
- Reserves +€26,877
up €26,877 (+62.0%), from €43,326 to €70,204
- Tax, wage and social debts +€4,377
up €4,377 (+18.0%), from €24,313 to €28,690
- Other debts +€2,500
up €2,500 (+124%), from €2,015 to €4,515
- Gross operating margin -€26,349
down €26,349 (-35.5%), from €74,235 to €47,886
- Taxes -€7,527
down €7,527 (-34.7%), from €21,684 to €14,157
- Other operating charges -€1,070
down €1,070 (-51.7%), from €2,071 to €1,001
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 | €73,356 | €106,778 | +€33,422 | +45.6% |
| Fixed assets | 21/28 | €10,346 | €4,813 | -€5,533 | -53.5% |
| Tangible fixed assets | 22/27 | €10,346 | €4,813 | -€5,533 | -53.5% |
| Plant, machinery and equipment | 23 | €1,049 | €581 | -€468 | -44.6% |
| Furniture and vehicles | 24 | €9,297 | €4,232 | -€5,065 | -54.5% |
| Current assets | 29/58 | €63,010 | €101,965 | +€38,955 | +61.8% |
| Amounts receivable within one year | 40/41 | €2,664 | €8,989 | +€6,325 | +237% |
| Trade receivables | 40 | €2,664 | €3,146 | +€482 | +18.1% |
| Other amounts receivable | 41 | - | €5,843 | +€5,843 | |
| Cash at bank and in hand | 54/58 | €59,147 | €91,106 | +€31,959 | +54.0% |
| Deferred charges and accrued income | 490/1 | €1,200 | €1,871 | +€671 | +55.9% |
| Total equity and liabilities | 10/49 | €73,356 | €106,778 | +€33,422 | +45.6% |
| Equity | 10/15 | €46,326 | €73,204 | +€26,877 | +58.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,326 | €70,204 | +€26,877 | +62.0% |
| Distributable reserves | 133 | €43,326 | €70,204 | +€26,877 | +62.0% |
| Amounts payable | 17/49 | €27,030 | €33,575 | +€6,545 | +24.2% |
| Amounts payable within one year | 42/48 | €27,030 | €33,575 | +€6,545 | +24.2% |
| Trade debts | 44 | €702 | €370 | -€331 | -47.2% |
| Suppliers | 440/4 | €702 | €370 | -€331 | -47.2% |
| Taxes, remuneration and social security | 45 | €24,313 | €28,690 | +€4,377 | +18.0% |
| Taxes | 450/3 | €24,313 | €28,690 | +€4,377 | +18.0% |
| Other amounts payable | 47/48 | €2,015 | €4,515 | +€2,500 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,253 | €5,533 | -€720 | -11.5% |
| Other operating charges | 640/8 | €2,071 | €1,001 | -€1,070 | -51.7% |
| Gross operating margin | 9900 | €74,235 | €47,886 | -€26,349 | -35.5% |
| Operating profit (loss) | 9901 | €65,911 | €41,352 | -€24,558 | -37.3% |
| Financial charges | 65/66B | €900 | €318 | -€582 | -64.7% |
| Recurring financial charges | 65 | €900 | €318 | -€582 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €65,011 | €41,034 | -€23,976 | -36.9% |
| Income taxes | 67/77 | €21,684 | €14,157 | -€7,527 | -34.7% |
| Profit (loss) for the period | 9904 | €43,326 | €26,877 | -€16,449 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,326 | €26,877 | -€16,449 | -38.0% |
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 14 October 2026 via checked.be.