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.
What changed
T-SERVICE
NACE 43.240, Other construction installation
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€16,815
2023 · €6,475-€23,290
Equity
€358,267
2023 · €175,082+€183,185
Cash
€0
2023 · €1,700-€1,700
Balance sheet total
€762,077
2023 · €557,014+€205,063
Largest movements
Assets
- Tangible fixed assets +€181,034
up €181,034 (+37.7%), from €480,325 to €661,359
of which Land and buildings: +€177,861
- Receivables within one year +€26,069
up €26,069 (+204%), from €12,795 to €38,864
of which Trade receivables: +€21,239
Equity and liabilities
- Revaluation surpluses +€200,000
new in 2024: €200,000
- Trade debts +€55,413
up €55,413 (+111%), from €49,867 to €105,279
- Other debts -€27,585
down €27,585 (-98.0%), from €28,153 to €568
- Tax, wage and social debts -€12,098
down €12,098 (-39.8%), from €30,375 to €18,277
of which Taxes: -€20,951
- Accrued charges and deferred income +€11,256
up €11,256 (+14.2%), from €79,209 to €90,465
Income statement
- Gross operating margin -€46,515
down €46,515 (-34.3%), from €135,587 to €89,072
- Taxes -€36,793
down €36,793 (-99.5%), from €36,984 to €190
- Staff costs +€11,188
up €11,188 (+19.8%), from €56,577 to €67,765
- Other operating charges +€4,162
up €4,162 (+65.3%), from €6,369 to €10,531
From the 2023 result to the 2024 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 2023
€6,475
Gross operating margin
-€46,515
Staff costs
-€11,188
Depreciation
-€186
Other operating charges
-€4,162
Financial income
+€535
Financial charges
+€1,179
Taxes
+€36,793
Deferred taxes and other
+€254
Result 2024
-€16,815
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€4,995
Investment
-€204,985
Financing
+€198,290
Cash 2023
€1,700
From operations (derived)
+€4,995
Net result for the year
-€16,815
Depreciation
+€23,951
Receivables within one year
-€26,069
Deferred charges and accrued income
+€341
Provisions
-€3,397
Trade debts
+€55,413
Tax, wage and social debts
-€12,098
Other debts
-€27,585
Accrued charges and deferred income
+€11,256
Investment (derived)
-€204,985
Investment in fixed assets (net)
-€204,985
Financing
+€198,290
Debts after one year
-€9,252
Current portion of long-term debt
+€164
Short-term financial debts
+€7,378
Contributions, distributions and other
+€200,000
Cash 2024
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €557,014 | €762,077 | +€205,063 | +36.8% |
| Fixed assets | 21/28 | €480,325 | €661,359 | +€181,034 | +37.7% |
| Tangible fixed assets | 22/27 | €480,325 | €661,359 | +€181,034 | +37.7% |
| Land and buildings | 22 | €477,197 | €655,058 | +€177,861 | +37.3% |
| Plant, machinery and equipment | 23 | €2,937 | €4,925 | +€1,988 | +67.7% |
| Furniture and vehicles | 24 | €191 | €1,377 | +€1,185 | +619% |
| Current assets | 29/58 | €76,689 | €100,717 | +€24,028 | +31.3% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Trade receivables | 290 | €60,000 | €0 | -€60,000 | -100% |
| Other amounts receivable | 291 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €12,795 | €38,864 | +€26,069 | +204% |
| Trade receivables | 40 | €12,114 | €33,353 | +€21,239 | +175% |
| Other amounts receivable | 41 | €681 | €5,512 | +€4,830 | +709% |
| Cash at bank and in hand | 54/58 | €1,700 | €0 | -€1,700 | -100% |
| Deferred charges and accrued income | 490/1 | €2,194 | €1,853 | -€341 | -15.5% |
| Total equity and liabilities | 10/49 | €557,014 | €762,077 | +€205,063 | +36.8% |
| Equity | 10/15 | €175,082 | €358,267 | +€183,185 | +105% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €200,000 | +€200,000 | |
| Reserves | 13 | €218,944 | €208,752 | -€10,192 | -4.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €108,111 | €97,920 | -€10,192 | -9.4% |
| Distributable reserves | 133 | €108,833 | €108,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,862 | -€70,486 | -€6,624 | -10.4% |
| Provisions and deferred taxes | 16 | €55,669 | €52,272 | -€3,397 | -6.1% |
| Deferred taxes | 168 | €55,669 | €52,272 | -€3,397 | -6.1% |
| Amounts payable | 17/49 | €326,263 | €351,539 | +€25,275 | +7.7% |
| Amounts payable after more than one year | 17 | €124,668 | €115,416 | -€9,252 | -7.4% |
| Financial debts | 170/4 | €124,668 | €115,416 | -€9,252 | -7.4% |
| Amounts payable within one year | 42/48 | €122,386 | €145,657 | +€23,272 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €9,088 | €9,252 | +€164 | +1.8% |
| Financial debts | 43 | €4,904 | €12,281 | +€7,378 | +150% |
| Credit institutions | 430/8 | €4,904 | €4,943 | +€39 | +0.8% |
| Other loans | 439 | - | €7,339 | +€7,339 | |
| Trade debts | 44 | €49,867 | €105,279 | +€55,413 | +111% |
| Suppliers | 440/4 | €49,867 | €105,279 | +€55,413 | +111% |
| Taxes, remuneration and social security | 45 | €30,375 | €18,277 | -€12,098 | -39.8% |
| Taxes | 450/3 | €29,810 | €8,859 | -€20,951 | -70.3% |
| Remuneration and social security | 454/9 | €565 | €9,417 | +€8,853 | +1,568% |
| Other amounts payable | 47/48 | €28,153 | €568 | -€27,585 | -98.0% |
| Accrued charges and deferred income | 492/3 | €79,209 | €90,465 | +€11,256 | +14.2% |
| Remuneration, social security and pensions | 62 | €56,577 | €67,765 | +€11,188 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,764 | €23,951 | +€186 | +0.8% |
| Other operating charges | 640/8 | €6,369 | €10,531 | +€4,162 | +65.3% |
| Gross operating margin | 9900 | €135,587 | €89,072 | -€46,515 | -34.3% |
| Operating profit (loss) | 9901 | €48,876 | -€13,175 | -€62,052 | |
| Financial income | 75/76B | €101 | €636 | +€535 | +532% |
| Recurring financial income | 75 | €101 | €636 | +€535 | +532% |
| Financial charges | 65/66B | €8,661 | €7,482 | -€1,179 | -13.6% |
| Recurring financial charges | 65 | €8,661 | €7,482 | -€1,179 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €40,316 | -€20,022 | -€60,338 | |
| Transfer from deferred taxes | 780 | €3,143 | €3,397 | +€254 | +8.1% |
| Income taxes | 67/77 | €36,984 | €190 | -€36,793 | -99.5% |
| Profit (loss) for the period | 9904 | €6,475 | -€16,815 | -€23,290 | |
| Transfer from tax-exempt reserves | 789 | €6,104 | €10,192 | +€4,087 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,579 | -€6,624 | -€19,203 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.