T - SERVICES: what changed
Two fiscal 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 - SERVICES
Largest movements
- Tangible fixed assets -€314,725
down €314,725 (-27.9%), from €1.1m to €812,688
of which Land and buildings: -€304,455
- Financial fixed assets -€200,000
down €200,000 (-49.9%), from €400,847 to €200,847
- Cash +€62,996
up €62,996 (+361.4%), from €17,432 to €80,428
mainly Investment in fixed assets (net) (+€463,099) and Depreciation (+€51,625)
- Receivables after one year +€16,667
up €16,667 (+50.0%), from €33,333 to €50,000
- Current portion of long-term debt -€361,610
down €361,610 (-66.0%), from €547,846 to €186,236
- Profit (loss) carried forward -€243,688
down €243,688 (-71.3%), from €341,936 to €98,248
- Reserves +€133,581
up €133,581 (+36.8%), from €362,589 to €496,170
of which Tax-exempt reserves: +€133,581
- Provisions +€44,527
up €44,527 (+160.0%), from €27,826 to €72,353
- Other debts +€16,655
up €16,655 (+6.4%), from €260,004 to €276,659
- Financial charges +€190,281
up €190,281 (+425.0%), from €44,769 to €235,050
of which Non-recurring financial charges: +€200,000
- Gross operating margin +€76,307
up €76,307 (+45.1%), from €169,128 to €245,434
- Taxes -€13,086
down €13,086 (-73.3%), from €17,845 to €4,759
- Depreciation -€12,326
down €12,326 (-19.3%), from €63,952 to €51,625
- Other operating charges +€5,879
up €5,879 (+42.9%), from €13,701 to €19,580
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.
Cash bridge derived
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 | €1,617,276 | €1,189,393 | -€427,883 | -26.5% |
| Fixed assets | 21/28 | €1,528,259 | €1,013,534 | -€514,725 | -33.7% |
| Tangible fixed assets | 22/27 | €1,127,412 | €812,688 | -€314,725 | -27.9% |
| Land and buildings | 22 | €1,070,178 | €765,724 | -€304,455 | -28.4% |
| Plant, machinery and equipment | 23 | €55,423 | €45,177 | -€10,246 | -18.5% |
| Furniture and vehicles | 24 | €1,811 | €1,787 | -€24 | -1.3% |
| Financial fixed assets | 28 | €400,847 | €200,847 | -€200,000 | -49.9% |
| Current assets | 29/58 | €89,017 | €175,859 | +€86,842 | +97.6% |
| Amounts receivable after more than one year | 29 | €33,333 | €50,000 | +€16,667 | +50.0% |
| Trade receivables | 290 | €33,333 | €50,000 | +€16,667 | +50.0% |
| Amounts receivable within one year | 40/41 | €31,024 | €37,359 | +€6,335 | +20.4% |
| Trade receivables | 40 | €30,737 | €22,793 | -€7,944 | -25.8% |
| Other amounts receivable | 41 | €287 | €14,566 | +€14,279 | +4978.7% |
| Current investments | 50/53 | €600 | €600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,432 | €80,428 | +€62,996 | +361.4% |
| Deferred charges and accrued income | 490/1 | €6,628 | €7,472 | +€844 | +12.7% |
| Total equity and liabilities | 10/49 | €1,617,276 | €1,189,393 | -€427,883 | -26.5% |
| Equity | 10/15 | €732,025 | €621,918 | -€110,107 | -15.0% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €362,589 | €496,170 | +€133,581 | +36.8% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,478 | €217,059 | +€133,581 | +160.0% |
| Distributable reserves | 133 | €276,111 | €276,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | €341,936 | €98,248 | -€243,688 | -71.3% |
| Provisions and deferred taxes | 16 | €27,826 | €72,353 | +€44,527 | +160.0% |
| Deferred taxes | 168 | €27,826 | €72,353 | +€44,527 | +160.0% |
| Amounts payable | 17/49 | €857,425 | €495,122 | -€362,302 | -42.3% |
| Amounts payable after more than one year | 17 | €12,748 | - | -€12,748 | |
| Financial debts | 170/4 | €12,748 | - | -€12,748 | |
| Amounts payable within one year | 42/48 | €843,367 | €494,932 | -€348,436 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €547,846 | €186,236 | -€361,610 | -66.0% |
| Financial debts | 43 | €0 | €0 | = | 0.0% |
| Credit institutions | 430/8 | €0 | €0 | = | 0.0% |
| Trade debts | 44 | €18,375 | €19,141 | +€765 | +4.2% |
| Suppliers | 440/4 | €18,375 | €19,141 | +€765 | +4.2% |
| Taxes, remuneration and social security | 45 | €17,142 | €12,896 | -€4,246 | -24.8% |
| Taxes | 450/3 | €17,142 | €12,896 | -€4,246 | -24.8% |
| Other amounts payable | 47/48 | €260,004 | €276,659 | +€16,655 | +6.4% |
| Accrued charges and deferred income | 492/3 | €1,309 | €191 | -€1,119 | -85.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,952 | €51,625 | -€12,326 | -19.3% |
| Other operating charges | 640/8 | €13,701 | €19,580 | +€5,879 | +42.9% |
| Gross operating margin | 9900 | €169,128 | €245,434 | +€76,307 | +45.1% |
| Operating profit (loss) | 9901 | €91,475 | €174,229 | +€82,754 | +90.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €44,769 | €235,050 | +€190,281 | +425.0% |
| Recurring financial charges | 65 | €44,769 | €35,050 | -€9,719 | -21.7% |
| Non-recurring financial charges | 66B | - | €200,000 | +€200,000 | |
| Profit (loss) for the period before taxes | 9903 | €46,707 | -€60,821 | -€107,528 | |
| Transfer from deferred taxes | 780 | €1,401 | €1,401 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €45,928 | +€45,928 | |
| Income taxes | 67/77 | €17,845 | €4,759 | -€13,086 | -73.3% |
| Profit (loss) for the period | 9904 | €30,262 | -€110,107 | -€140,370 | |
| Transfer from tax-exempt reserves | 789 | €4,203 | €4,203 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €137,783 | +€137,783 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,465 | -€243,688 | -€278,153 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.