SPECIALIZED 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.
SPECIALIZED SERVICES
Largest movements
- Cash +€8,828
up €8,828 (+140%), from €6,327 to €15,155
mainly Depreciation (+€19,682) and Trade debts (+€12,267)
- Tangible fixed assets +€4,512
up €4,512 (+13.7%), from €32,913 to €37,425
of which Other tangible fixed assets: +€2,549
- Receivables within one year -€3,228
down €3,228 (-12.0%), from €26,846 to €23,618
of which Other amounts receivable: -€2,615
- Deferred charges and accrued income -€1,159
down €1,159 (-19.1%), from €6,083 to €4,924
- Trade debts +€12,267
up €12,267 (+317%), from €3,873 to €16,140
- Tax, wage and social debts -€6,054
down €6,054 (-59.5%), from €10,168 to €4,114
- Profit (loss) carried forward +€5,246
up €5,246 (+20.6%), from €25,509 to €30,755
- Current portion of long-term debt -€4,727
no longer reported in 2025 (was €4,727)
- Accrued charges and deferred income +€3,016
up €3,016 (+78.5%), from €3,840 to €6,857
- Gross operating margin +€14,365
up €14,365 (+60.9%), from €23,595 to €37,960
- Depreciation -€5,524
down €5,524 (-21.9%), from €25,206 to €19,682
- Taxes +€5,386
up €5,386 (+438%), from €1,229 to €6,615
- Financial charges -€1,051
down €1,051 (-22.7%), from €4,631 to €3,580
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 | €76,101 | €85,053 | +€8,952 | +11.8% |
| Fixed assets | 21/28 | €36,844 | €41,356 | +€4,512 | +12.2% |
| Tangible fixed assets | 22/27 | €32,913 | €37,425 | +€4,512 | +13.7% |
| Furniture and vehicles | 24 | €23,187 | €25,150 | +€1,963 | +8.5% |
| Other tangible fixed assets | 26 | €9,726 | €12,275 | +€2,549 | +26.2% |
| Financial fixed assets | 28 | €3,931 | €3,931 | = | 0.0% |
| Current assets | 29/58 | €39,257 | €43,697 | +€4,440 | +11.3% |
| Amounts receivable within one year | 40/41 | €26,846 | €23,618 | -€3,228 | -12.0% |
| Trade receivables | 40 | €23,776 | €23,162 | -€614 | -2.6% |
| Other amounts receivable | 41 | €3,070 | €456 | -€2,615 | -85.2% |
| Cash at bank and in hand | 54/58 | €6,327 | €15,155 | +€8,828 | +140% |
| Deferred charges and accrued income | 490/1 | €6,083 | €4,924 | -€1,159 | -19.1% |
| Total equity and liabilities | 10/49 | €76,101 | €85,053 | +€8,952 | +11.8% |
| Equity | 10/15 | €52,316 | €57,561 | +€5,246 | +10.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €20,609 | €20,609 | = | 0.0% |
| 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 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,509 | €30,755 | +€5,246 | +20.6% |
| Amounts payable | 17/49 | €23,785 | €27,491 | +€3,706 | +15.6% |
| Amounts payable within one year | 42/48 | €19,945 | €20,635 | +€690 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €4,727 | - | -€4,727 | |
| Trade debts | 44 | €3,873 | €16,140 | +€12,267 | +317% |
| Suppliers | 440/4 | €3,873 | €16,140 | +€12,267 | +317% |
| Taxes, remuneration and social security | 45 | €10,168 | €4,114 | -€6,054 | -59.5% |
| Taxes | 450/3 | €10,168 | €4,114 | -€6,054 | -59.5% |
| Other amounts payable | 47/48 | €1,177 | €381 | -€796 | -67.7% |
| Accrued charges and deferred income | 492/3 | €3,840 | €6,857 | +€3,016 | +78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,206 | €19,682 | -€5,524 | -21.9% |
| Other operating charges | 640/8 | €3,143 | €2,837 | -€306 | -9.7% |
| Gross operating margin | 9900 | €23,595 | €37,960 | +€14,365 | +60.9% |
| Operating profit (loss) | 9901 | -€4,754 | €15,440 | +€20,194 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,631 | €3,580 | -€1,051 | -22.7% |
| Recurring financial charges | 65 | €4,631 | €3,580 | -€1,051 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,385 | €11,861 | +€21,245 | |
| Income taxes | 67/77 | €1,229 | €6,615 | +€5,386 | +438% |
| Profit (loss) for the period | 9904 | -€10,613 | €5,246 | +€15,859 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,613 | €5,246 | +€15,859 |
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 19 October 2026 via checked.be.