tapeservice: 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
tapeservice
NACE 93.299, Other amusement and recreation activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €774,419+€581,591
Equity
€4.7m
2024 · €3.6m+€1.1m
Cash
€1.3m
2024 · €194,929+€1.1m
Balance sheet total
€17.2m
2024 · €16.5m+€744,948
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+546%), from €194,929 to €1.3m
mainly Net result for the year (+€1.4m) and Current portion of long-term debt (+€990,071)
- Stocks and contracts -€465,566
down €465,566 (-29.4%), from €1.6m to €1.1m
- Receivables within one year +€462,009
up €462,009 (+26.6%), from €1.7m to €2.2m
of which Trade receivables: +€419,154
- Tangible fixed assets -€241,055
down €241,055 (-21.4%), from €1.1m to €884,671
Equity and liabilities
- Debts after one year -€1.5m
down €1.5m (-13.6%), from €10.8m to €9.3m
of which Financial debts: -€1.5m
- Reserves +€1.1m
up €1.1m (+43.9%), from €2.5m to €3.6m
of which Distributable reserves: +€1.1m
- Current portion of long-term debt +€990,071
up €990,071 (+209%), from €473,703 to €1.5m
- Trade debts +€185,878
up €185,878 (+17.5%), from €1.1m to €1.2m
Income statement
- Financial income +€797,359
up €797,359 (+2,153%), from €37,041 to €834,400
- Financial charges +€427,796
up €427,796 (+269%), from €159,183 to €586,979
- Gross operating margin +€267,658
up €267,658 (+12.2%), from €2.2m to €2.5m
- Provisions +€48,593
up €48,593, from -€48,593 to €0
- Write-downs +€34,371
new in 2025: €34,371
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.
Result 2024
€774,419
Gross operating margin
+€267,658
Staff costs
-€9,389
Depreciation
+€7,597
Write-downs
-€34,371
Provisions
-€48,593
Other operating charges
-€226
Other operating items
+€20,348
Financial income
+€797,359
Financial charges
-€427,796
Taxes
+€9,005
Result 2025
€1.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.9m
Investment
-€33,759
Financing
-€801,299
Cash 2024
€194,929
From operations (derived)
+€1.9m
Net result for the year
+€1.4m
Depreciation
+€353,298
Stocks and contracts
+€465,566
Receivables within one year
-€462,009
Deferred charges and accrued income
-€2,867
Trade debts
+€185,878
Tax, wage and social debts
-€16,428
Advances received
+€33,424
Other debts
-€31,883
Accrued charges and deferred income
+€19,244
Investment (derived)
-€33,759
Investment in fixed assets (net)
-€33,759
Financing
-€801,299
Debts after one year
-€1.5m
Current portion of long-term debt
+€990,071
Short-term financial debts
-€47,854
Contributions, distributions and other
-€279,742
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,493,997 | €17,238,945 | +€744,948 | +4.5% |
| Fixed assets | 21/28 | €12,930,983 | €12,611,443 | -€319,539 | -2.5% |
| Intangible fixed assets | 21 | €237,106 | €157,622 | -€79,484 | -33.5% |
| Tangible fixed assets | 22/27 | €1,125,726 | €884,671 | -€241,055 | -21.4% |
| Plant, machinery and equipment | 23 | €477,570 | €372,478 | -€105,092 | -22.0% |
| Furniture and vehicles | 24 | €437,886 | €348,876 | -€89,010 | -20.3% |
| Other tangible fixed assets | 26 | €210,270 | €163,316 | -€46,953 | -22.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €11,568,150 | €11,569,150 | +€1,000 | 0.0% |
| Current assets | 29/58 | €3,563,015 | €4,627,502 | +€1.1m | +29.9% |
| Stocks and contracts in progress | 3 | €1,585,495 | €1,119,929 | -€465,566 | -29.4% |
| Stocks | 30/36 | €1,585,495 | €1,119,929 | -€465,566 | -29.4% |
| Amounts receivable within one year | 40/41 | €1,737,916 | €2,199,925 | +€462,009 | +26.6% |
| Trade receivables | 40 | €1,563,126 | €1,982,279 | +€419,154 | +26.8% |
| Other amounts receivable | 41 | €174,790 | €217,646 | +€42,856 | +24.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €194,929 | €1,260,105 | +€1.1m | +546% |
| Deferred charges and accrued income | 490/1 | €44,675 | €47,542 | +€2,867 | +6.4% |
| Total equity and liabilities | 10/49 | €16,493,997 | €17,238,945 | +€744,948 | +4.5% |
| Equity | 10/15 | €3,603,749 | €4,680,017 | +€1.1m | +29.9% |
| Contributions | 10/11 | €1,062,000 | €1,062,000 | = | 0.0% |
| Capital | 10 | €73,071 | €73,071 | = | 0.0% |
| Issued capital | 100 | €73,071 | €73,071 | = | 0.0% |
| Contributions outside capital | 11 | €988,929 | €988,929 | = | 0.0% |
| Share premium | 1100/10 | €988,929 | €988,929 | = | 0.0% |
| Reserves | 13 | €2,499,140 | €3,595,151 | +€1.1m | +43.9% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Distributable reserves | 133 | €2,481,788 | €3,577,798 | +€1.1m | +44.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €42,609 | €22,866 | -€19,742 | -46.3% |
| Provisions and deferred taxes | 16 | €4,266 | €4,266 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,266 | €4,266 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,266 | €4,266 | = | 0.0% |
| Amounts payable | 17/49 | €12,885,983 | €12,554,662 | -€331,320 | -2.6% |
| Amounts payable after more than one year | 17 | €10,765,480 | €9,301,707 | -€1.5m | -13.6% |
| Financial debts | 170/4 | €8,765,480 | €7,301,707 | -€1.5m | -16.7% |
| Other amounts payable | 178/9 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,114,541 | €3,227,750 | +€1.1m | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €473,703 | €1,463,773 | +€990,071 | +209% |
| Financial debts | 43 | €87,854 | €40,000 | -€47,854 | -54.5% |
| Credit institutions | 430/8 | €87,854 | €40,000 | -€47,854 | -54.5% |
| Trade debts | 44 | €1,063,821 | €1,249,699 | +€185,878 | +17.5% |
| Suppliers | 440/4 | €1,063,821 | €1,249,699 | +€185,878 | +17.5% |
| Advances received on contracts in progress | 46 | €20,570 | €53,994 | +€33,424 | +162% |
| Taxes, remuneration and social security | 45 | €176,710 | €160,283 | -€16,428 | -9.3% |
| Taxes | 450/3 | €84,513 | €77,233 | -€7,281 | -8.6% |
| Remuneration and social security | 454/9 | €92,197 | €83,050 | -€9,147 | -9.9% |
| Other amounts payable | 47/48 | €291,883 | €260,000 | -€31,883 | -10.9% |
| Accrued charges and deferred income | 492/3 | €5,961 | €25,205 | +€19,244 | +323% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €802,329 | €811,719 | +€9,389 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360,895 | €353,298 | -€7,597 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €34,371 | +€34,371 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€48,593 | €0 | +€48,593 | |
| Other operating charges | 640/8 | €24,818 | €25,044 | +€226 | +0.9% |
| Non-recurring operating charges | 66A | €20,348 | €0 | -€20,348 | -100% |
| Gross operating margin | 9900 | €2,194,932 | €2,462,590 | +€267,658 | +12.2% |
| Operating profit (loss) | 9901 | €1,035,135 | €1,238,158 | +€203,023 | +19.6% |
| Financial income | 75/76B | €37,041 | €834,400 | +€797,359 | +2,153% |
| Recurring financial income | 75 | €37,041 | €834,400 | +€797,359 | +2,153% |
| Financial charges | 65/66B | €159,183 | €586,979 | +€427,796 | +269% |
| Recurring financial charges | 65 | €159,183 | €586,979 | +€427,796 | +269% |
| Profit (loss) for the period before taxes | 9903 | €912,993 | €1,485,580 | +€572,587 | +62.7% |
| Income taxes | 67/77 | €138,574 | €129,569 | -€9,005 | -6.5% |
| Profit (loss) for the period | 9904 | €774,419 | €1,356,010 | +€581,591 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €774,419 | €1,356,010 | +€581,591 | +75.1% |
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 14 October 2026 via checked.be.