SITE MANAGEMENT SERVICES: 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.
What changed
SITE MANAGEMENT SERVICES
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€121,264
2024 · €103,381+€17,882
Equity
€464,947
2024 · €383,495+€81,452
Cash
€163,614
2024 · €111,691+€51,923
Balance sheet total
€2.5m
2024 · €2.6m-€8,542
Largest movements
Assets
- Tangible fixed assets -€84,532
down €84,532 (-4.1%), from €2.1m to €2.0m
of which Land and buildings: -€52,885
- Cash +€51,923
up €51,923 (+46.5%), from €111,691 to €163,614
mainly Net result for the year (+€121,264) and Depreciation (+€89,308)
- Receivables within one year +€35,845
up €35,845 (+198%), from €18,136 to €53,981
of which Other amounts receivable: +€27,272
Equity and liabilities
- Reserves +€81,452
up €81,452 (+22.3%), from €364,895 to €446,347
of which Distributable reserves: +€84,328
- Current portion of long-term debt -€77,089
down €77,089 (-6.6%), from €1.2m to €1.1m
Income statement
- Gross operating margin +€17,899
up €17,899 (+6.6%), from €270,822 to €288,721
- Financial charges -€17,173
down €17,173 (-23.0%), from €74,679 to €57,507
- Depreciation +€12,443
up €12,443 (+16.2%), from €76,865 to €89,308
- Taxes +€5,443
up €5,443 (+27.1%), from €20,071 to €25,514
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.
Result 2024
€103,381
Gross operating margin
+€17,899
Depreciation
-€12,443
Other operating charges
-€183
Financial income
+€1,068
Financial charges
+€17,173
Taxes
-€5,443
Deferred taxes and other
-€188
Result 2025
€121,264
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€191,850
Investment
-€4,776
Financing
-€135,151
Cash 2024
€111,691
From operations (derived)
+€191,850
Net result for the year
+€121,264
Depreciation
+€89,308
Receivables within one year
-€35,845
Deferred charges and accrued income
+€11,778
Provisions
-€1,209
Trade debts
-€6,385
Tax, wage and social debts
+€4,787
Other debts
+€3,067
Accrued charges and deferred income
+€5,086
Investment (derived)
-€4,776
Investment in fixed assets (net)
-€4,776
Financing
-€135,151
Debts after one year
-€18,734
Current portion of long-term debt
-€77,089
Short-term financial debts
+€484
Contributions, distributions and other
-€39,812
Cash 2025
€163,614
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,556,265 | €2,547,723 | -€8,542 | -0.3% |
| Fixed assets | 21/28 | €2,053,829 | €1,969,297 | -€84,532 | -4.1% |
| Tangible fixed assets | 22/27 | €2,050,079 | €1,965,547 | -€84,532 | -4.1% |
| Land and buildings | 22 | €1,881,252 | €1,828,366 | -€52,885 | -2.8% |
| Plant, machinery and equipment | 23 | €1,761 | €2,577 | +€816 | +46.4% |
| Furniture and vehicles | 24 | €167,067 | €134,604 | -€32,463 | -19.4% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €502,436 | €578,426 | +€75,990 | +15.1% |
| Amounts receivable after more than one year | 29 | €301,504 | €301,504 | = | 0.0% |
| Other amounts receivable | 291 | €301,504 | €301,504 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,136 | €53,981 | +€35,845 | +198% |
| Trade receivables | 40 | €3,309 | €11,882 | +€8,574 | +259% |
| Other amounts receivable | 41 | €14,827 | €42,099 | +€27,272 | +184% |
| Cash at bank and in hand | 54/58 | €111,691 | €163,614 | +€51,923 | +46.5% |
| Deferred charges and accrued income | 490/1 | €71,105 | €59,326 | -€11,778 | -16.6% |
| Total equity and liabilities | 10/49 | €2,556,265 | €2,547,723 | -€8,542 | -0.3% |
| Equity | 10/15 | €383,495 | €464,947 | +€81,452 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €364,895 | €446,347 | +€81,452 | +22.3% |
| Tax-exempt reserves | 132 | €88,656 | €85,780 | -€2,876 | -3.2% |
| Distributable reserves | 133 | €276,239 | €360,567 | +€84,328 | +30.5% |
| Provisions and deferred taxes | 16 | €206,724 | €205,515 | -€1,209 | -0.6% |
| Provisions for liabilities and charges | 160/5 | €176,900 | €176,900 | = | 0.0% |
| Environmental obligations | 163 | €176,900 | €176,900 | = | 0.0% |
| Deferred taxes | 168 | €29,824 | €28,615 | -€1,209 | -4.1% |
| Amounts payable | 17/49 | €1,966,046 | €1,877,261 | -€88,784 | -4.5% |
| Amounts payable after more than one year | 17 | €48,183 | €29,449 | -€18,734 | -38.9% |
| Financial debts | 170/4 | €48,183 | €29,449 | -€18,734 | -38.9% |
| Amounts payable within one year | 42/48 | €1,915,707 | €1,840,570 | -€75,137 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €1,165,267 | €1,088,178 | -€77,089 | -6.6% |
| Financial debts | 43 | €2,065 | €2,548 | +€484 | +23.4% |
| Credit institutions | 430/8 | €2,065 | €2,548 | +€484 | +23.4% |
| Trade debts | 44 | €18,407 | €12,022 | -€6,385 | -34.7% |
| Suppliers | 440/4 | €18,407 | €12,022 | -€6,385 | -34.7% |
| Taxes, remuneration and social security | 45 | €26,639 | €31,427 | +€4,787 | +18.0% |
| Taxes | 450/3 | €26,639 | €31,427 | +€4,787 | +18.0% |
| Other amounts payable | 47/48 | €703,329 | €706,395 | +€3,067 | +0.4% |
| Accrued charges and deferred income | 492/3 | €2,156 | €7,242 | +€5,086 | +236% |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,865 | €89,308 | +€12,443 | +16.2% |
| Other operating charges | 640/8 | €5,829 | €6,013 | +€183 | +3.1% |
| Gross operating margin | 9900 | €270,822 | €288,721 | +€17,899 | +6.6% |
| Operating profit (loss) | 9901 | €188,128 | €193,400 | +€5,272 | +2.8% |
| Financial income | 75/76B | €8,794 | €9,862 | +€1,068 | +12.1% |
| Recurring financial income | 75 | €8,794 | €9,862 | +€1,068 | +12.1% |
| Financial charges | 65/66B | €74,679 | €57,507 | -€17,173 | -23.0% |
| Recurring financial charges | 65 | €74,679 | €57,507 | -€17,173 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €122,243 | €145,756 | +€23,513 | +19.2% |
| Transfer from deferred taxes | 780 | €1,209 | €1,021 | -€188 | -15.5% |
| Income taxes | 67/77 | €20,071 | €25,514 | +€5,443 | +27.1% |
| Profit (loss) for the period | 9904 | €103,381 | €121,264 | +€17,882 | +17.3% |
| Transfer from tax-exempt reserves | 789 | €2,876 | €3,064 | +€188 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €106,258 | €124,328 | +€18,070 | +17.0% |
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 16 October 2026 via checked.be.