T-service: 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-service
Largest movements
- Cash +€26,502
up €26,502 (+54.5%), from €48,662 to €75,164
mainly Net result for the year (+€35,070) and Depreciation (+€13,600)
- Stocks and contracts -€10,494
down €10,494 (-76.7%), from €13,688 to €3,194
- Tangible fixed assets -€9,435
down €9,435 (-20.1%), from €47,043 to €37,608
of which Furniture and vehicles: -€9,634
- Receivables within one year -€7,229
down €7,229 (-26.1%), from €27,717 to €20,488
of which Other amounts receivable: -€23,530
- Reserves +€27,371
up €27,371 (+28.7%), from €95,500 to €122,870
- Tax, wage and social debts -€19,282
down €19,282 (-96.3%), from €20,013 to €732
- Current portion of long-term debt -€6,554
down €6,554 (-74.2%), from €8,837 to €2,283
- Short-term financial debts -€6,105
down €6,105 (-100%), from €6,105 to €0
- Other debts +€3,663
up €3,663 (+654%), from €560 to €4,223
- Gross operating margin +€36,878
up €36,878 (+137%), from €26,892 to €63,769
- Taxes +€11,055
up €11,055 (+509%), from €2,174 to €13,228
- Financial charges -€928
down €928 (-58.1%), from €1,596 to €668
- Depreciation +€707
up €707 (+5.5%), from €12,893 to €13,600
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 | €139,295 | €138,609 | -€686 | -0.5% |
| Fixed assets | 21/28 | €47,043 | €37,608 | -€9,435 | -20.1% |
| Tangible fixed assets | 22/27 | €47,043 | €37,608 | -€9,435 | -20.1% |
| Land and buildings | 22 | €5,610 | €5,231 | -€379 | -6.8% |
| Plant, machinery and equipment | 23 | €10,030 | €10,608 | +€578 | +5.8% |
| Furniture and vehicles | 24 | €31,403 | €21,769 | -€9,634 | -30.7% |
| Current assets | 29/58 | €92,252 | €101,001 | +€8,749 | +9.5% |
| Stocks and contracts in progress | 3 | €13,688 | €3,194 | -€10,494 | -76.7% |
| Stocks | 30/36 | €13,688 | €3,194 | -€10,494 | -76.7% |
| Amounts receivable within one year | 40/41 | €27,717 | €20,488 | -€7,229 | -26.1% |
| Trade receivables | 40 | €2,043 | €18,343 | +€16,300 | +798% |
| Other amounts receivable | 41 | €25,675 | €2,145 | -€23,530 | -91.6% |
| Cash at bank and in hand | 54/58 | €48,662 | €75,164 | +€26,502 | +54.5% |
| Deferred charges and accrued income | 490/1 | €2,185 | €2,155 | -€30 | -1.4% |
| Total equity and liabilities | 10/49 | €139,295 | €138,609 | -€686 | -0.5% |
| Equity | 10/15 | €100,500 | €127,870 | +€27,371 | +27.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,500 | €122,870 | +€27,371 | +28.7% |
| Distributable reserves | 133 | €95,500 | €122,870 | +€27,371 | +28.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,796 | €10,739 | -€28,057 | -72.3% |
| Amounts payable after more than one year | 17 | €2,283 | €0 | -€2,283 | -100% |
| Financial debts | 170/4 | €2,283 | €0 | -€2,283 | -100% |
| Amounts payable within one year | 42/48 | €36,513 | €10,739 | -€25,774 | -70.6% |
| Current portion of amounts payable after more than one year | 42 | €8,837 | €2,283 | -€6,554 | -74.2% |
| Financial debts | 43 | €6,105 | €0 | -€6,105 | -100% |
| Credit institutions | 430/8 | €6,105 | €0 | -€6,105 | -100% |
| Trade debts | 44 | €998 | €3,502 | +€2,504 | +251% |
| Suppliers | 440/4 | €998 | €3,502 | +€2,504 | +251% |
| Taxes, remuneration and social security | 45 | €20,013 | €732 | -€19,282 | -96.3% |
| Taxes | 450/3 | €20,013 | €732 | -€19,282 | -96.3% |
| Other amounts payable | 47/48 | €560 | €4,223 | +€3,663 | +654% |
| Remuneration, social security and pensions | 62 | €32 | €0 | -€32 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,893 | €13,600 | +€707 | +5.5% |
| Other operating charges | 640/8 | €1,856 | €1,251 | -€605 | -32.6% |
| Gross operating margin | 9900 | €26,892 | €63,769 | +€36,878 | +137% |
| Operating profit (loss) | 9901 | €12,111 | €48,918 | +€36,807 | +304% |
| Financial income | 75/76B | €82 | €48 | -€34 | -41.5% |
| Recurring financial income | 75 | €82 | €48 | -€34 | -41.5% |
| Financial charges | 65/66B | €1,596 | €668 | -€928 | -58.1% |
| Recurring financial charges | 65 | €1,596 | €668 | -€928 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €10,597 | €48,298 | +€37,701 | +356% |
| Income taxes | 67/77 | €2,174 | €13,228 | +€11,055 | +509% |
| Profit (loss) for the period | 9904 | €8,424 | €35,070 | +€26,647 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €8,424 | €35,070 | +€26,647 | +316% |
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 20 October 2026 via checked.be.