T & B 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.
T & B SERVICES
Largest movements
- Current investments +€56,347
up €56,347 (+25.0%), from €225,599 to €281,946
- Receivables within one year +€29,485
up €29,485 (+56.2%), from €52,473 to €81,959
of which Trade receivables: +€30,975
- Cash +€9,348
up €9,348 (+47.1%), from €19,836 to €29,185
mainly Net result for the year (+€89,795) and Depreciation (+€35,089)
- Tangible fixed assets -€5,043
down €5,043 (-4.6%), from €109,103 to €104,060
of which Furniture and vehicles: -€2,526
- Reserves +€89,795
up €89,795 (+74.7%), from €120,145 to €209,940
of which Distributable reserves: +€89,795
- Current portion of long-term debt -€33,420
down €33,420 (-83.6%), from €40,000 to €6,580
- Tax, wage and social debts +€30,560
up €30,560 (+109%), from €27,978 to €58,538
of which Remuneration and social security: +€24,140
- Debts after one year +€16,776
new in 2025: €16,776
- Other debts -€10,924
down €10,924 (-15.3%), from €71,460 to €60,536
- Gross operating margin +€322,214
up €322,214 (+297%), from €108,540 to €430,754
- Staff costs +€203,993
up €203,993 (+458%), from €44,551 to €248,544
- Taxes +€36,975
up €36,975 (+219%), from €16,867 to €53,842
- Depreciation +€9,007
up €9,007 (+34.5%), from €26,083 to €35,089
- Financial charges +€5,743
up €5,743 (+918%), from €626 to €6,369
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 | €409,569 | €503,682 | +€94,113 | +23.0% |
| Fixed assets | 21/28 | €109,103 | €104,060 | -€5,043 | -4.6% |
| Tangible fixed assets | 22/27 | €109,103 | €104,060 | -€5,043 | -4.6% |
| Plant, machinery and equipment | 23 | €1,200 | - | -€1,200 | |
| Furniture and vehicles | 24 | €102,236 | €99,710 | -€2,526 | -2.5% |
| Other tangible fixed assets | 26 | €5,667 | €4,350 | -€1,317 | -23.2% |
| Current assets | 29/58 | €300,467 | €399,623 | +€99,156 | +33.0% |
| Amounts receivable within one year | 40/41 | €52,473 | €81,959 | +€29,485 | +56.2% |
| Trade receivables | 40 | €29,097 | €60,072 | +€30,975 | +106% |
| Other amounts receivable | 41 | €23,376 | €21,887 | -€1,489 | -6.4% |
| Current investments | 50/53 | €225,599 | €281,946 | +€56,347 | +25.0% |
| Cash at bank and in hand | 54/58 | €19,836 | €29,185 | +€9,348 | +47.1% |
| Deferred charges and accrued income | 490/1 | €2,558 | €6,534 | +€3,975 | +155% |
| Total equity and liabilities | 10/49 | €409,569 | €503,682 | +€94,113 | +23.0% |
| Equity | 10/15 | €266,306 | €356,101 | +€89,795 | +33.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €120,145 | €209,940 | +€89,795 | +74.7% |
| Non-distributable reserves | 130/1 | €1,960 | €1,960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,960 | €1,960 | = | 0.0% |
| Distributable reserves | 133 | €118,185 | €207,980 | +€89,795 | +76.0% |
| Profit (loss) carried forward | 14 | €139,962 | €139,962 | = | 0.0% |
| Amounts payable | 17/49 | €143,263 | €147,581 | +€4,318 | +3.0% |
| Amounts payable after more than one year | 17 | - | €16,776 | +€16,776 | |
| Financial debts | 170/4 | - | €16,776 | +€16,776 | |
| Amounts payable within one year | 42/48 | €143,263 | €130,575 | -€12,688 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €6,580 | -€33,420 | -83.6% |
| Trade debts | 44 | €3,826 | €4,921 | +€1,096 | +28.6% |
| Suppliers | 440/4 | €3,826 | €4,921 | +€1,096 | +28.6% |
| Taxes, remuneration and social security | 45 | €27,978 | €58,538 | +€30,560 | +109% |
| Taxes | 450/3 | €22,485 | €28,905 | +€6,421 | +28.6% |
| Remuneration and social security | 454/9 | €5,493 | €29,633 | +€24,140 | +439% |
| Other amounts payable | 47/48 | €71,460 | €60,536 | -€10,924 | -15.3% |
| Accrued charges and deferred income | 492/3 | - | €230 | +€230 | |
| Remuneration, social security and pensions | 62 | €44,551 | €248,544 | +€203,993 | +458% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,083 | €35,089 | +€9,007 | +34.5% |
| Other operating charges | 640/8 | €821 | €770 | -€51 | -6.2% |
| Gross operating margin | 9900 | €108,540 | €430,754 | +€322,214 | +297% |
| Operating profit (loss) | 9901 | €37,085 | €146,351 | +€109,266 | +295% |
| Financial income | 75/76B | €345 | €3,656 | +€3,311 | +961% |
| Recurring financial income | 75 | €345 | €3,656 | +€3,311 | +961% |
| Financial charges | 65/66B | €626 | €6,369 | +€5,743 | +918% |
| Recurring financial charges | 65 | €626 | €6,369 | +€5,743 | +918% |
| Profit (loss) for the period before taxes | 9903 | €36,804 | €143,638 | +€106,834 | +290% |
| Income taxes | 67/77 | €16,867 | €53,842 | +€36,975 | +219% |
| Profit (loss) for the period | 9904 | €19,936 | €89,795 | +€69,859 | +350% |
| Profit (loss) for the period to be appropriated | 9905 | €19,936 | €89,795 | +€69,859 | +350% |
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.