TECHNICAL MAINTENANCE 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.
TECHNICAL MAINTENANCE SERVICES
Largest movements
- Receivables within one year -€711,139
down €711,139 (-12.2%), from €5.8m to €5.1m
of which Trade receivables: -€645,777
- Stocks and contracts +€394,026
up €394,026 (+26.2%), from €1.5m to €1.9m
- Tangible fixed assets +€287,622
up €287,622 (+16.7%), from €1.7m to €2.0m
- Cash +€246,754
up €246,754 (+68.6%), from €359,628 to €606,382
mainly Net result for the year (+€1.1m) and Receivables within one year (+€711,139)
- Profit (loss) carried forward +€1.1m
up €1.1m (+24973.9%), from €4,245 to €1.1m
- Other debts -€810,389
down €810,389 (-35.1%), from €2.3m to €1.5m
- Accrued charges and deferred income -€411,458
down €411,458 (-65.5%), from €628,193 to €216,735
- Tax, wage and social debts +€274,530
up €274,530 (+32.2%), from €852,917 to €1.1m
of which Remuneration and social security: +€250,797
- Debts after one year -€198,085
down €198,085 (-15.3%), from €1.3m to €1.1m
- Gross operating margin +€4.0m
up €4.0m (+53.5%), from €7.5m to €11.6m
- Staff costs +€3.3m
up €3.3m (+54.4%), from €6.0m to €9.3m
- Depreciation +€273,913
up €273,913 (+114.3%), from €239,690 to €513,603
- Taxes +€134,289
up €134,289 (+42.4%), from €316,822 to €451,112
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 | €9,496,115 | €9,665,740 | +€169,625 | +1.8% |
| Fixed assets | 21/28 | €1,719,743 | €2,007,365 | +€287,622 | +16.7% |
| Tangible fixed assets | 22/27 | €1,719,743 | €2,007,365 | +€287,622 | +16.7% |
| Plant, machinery and equipment | 23 | €752,722 | €878,465 | +€125,742 | +16.7% |
| Furniture and vehicles | 24 | €389,655 | €532,237 | +€142,582 | +36.6% |
| Leasing and similar rights | 25 | €227,013 | €142,376 | -€84,637 | -37.3% |
| Other tangible fixed assets | 26 | €350,352 | €404,687 | +€54,335 | +15.5% |
| Assets under construction and advance payments | 27 | - | €49,600 | +€49,600 | |
| Current assets | 29/58 | €7,776,373 | €7,658,376 | -€117,997 | -1.5% |
| Stocks and contracts in progress | 3 | €1,505,716 | €1,899,743 | +€394,026 | +26.2% |
| Contracts in progress | 37 | €1,505,716 | €1,899,743 | +€394,026 | +26.2% |
| Amounts receivable within one year | 40/41 | €5,845,351 | €5,134,212 | -€711,139 | -12.2% |
| Trade receivables | 40 | €5,631,250 | €4,985,472 | -€645,777 | -11.5% |
| Other amounts receivable | 41 | €214,101 | €148,740 | -€65,361 | -30.5% |
| Current investments | 50/53 | €18,589 | €0 | -€18,589 | -100.0% |
| Cash at bank and in hand | 54/58 | €359,628 | €606,382 | +€246,754 | +68.6% |
| Deferred charges and accrued income | 490/1 | €47,089 | €18,039 | -€29,050 | -61.7% |
| Total equity and liabilities | 10/49 | €9,496,115 | €9,665,740 | +€169,625 | +1.8% |
| Equity | 10/15 | €1,435,100 | €2,499,595 | +€1.1m | +74.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,412,254 | €1,416,500 | +€4,245 | +0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,410,394 | €1,414,640 | +€4,245 | +0.3% |
| Profit (loss) carried forward | 14 | €4,245 | €1,064,495 | +€1.1m | +24973.9% |
| Amounts payable | 17/49 | €8,061,016 | €7,166,146 | -€894,870 | -11.1% |
| Amounts payable after more than one year | 17 | €1,293,369 | €1,095,284 | -€198,085 | -15.3% |
| Financial debts | 170/4 | €1,293,369 | €1,095,284 | -€198,085 | -15.3% |
| Amounts payable within one year | 42/48 | €6,139,454 | €5,854,127 | -€285,327 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €379,126 | €439,397 | +€60,271 | +15.9% |
| Financial debts | 43 | €29,452 | €102,376 | +€72,924 | +247.6% |
| Credit institutions | 430/8 | €29,452 | €102,376 | +€72,924 | +247.6% |
| Trade debts | 44 | €2,567,570 | €2,684,907 | +€117,337 | +4.6% |
| Suppliers | 440/4 | €2,567,570 | €2,684,907 | +€117,337 | +4.6% |
| Taxes, remuneration and social security | 45 | €852,917 | €1,127,447 | +€274,530 | +32.2% |
| Taxes | 450/3 | €80,902 | €104,635 | +€23,733 | +29.3% |
| Remuneration and social security | 454/9 | €772,015 | €1,022,812 | +€250,797 | +32.5% |
| Other amounts payable | 47/48 | €2,310,389 | €1,500,000 | -€810,389 | -35.1% |
| Accrued charges and deferred income | 492/3 | €628,193 | €216,735 | -€411,458 | -65.5% |
| Non-recurring operating income | 76A | €7,743 | €19,897 | +€12,154 | +157.0% |
| Remuneration, social security and pensions | 62 | €6,042,930 | €9,329,765 | +€3.3m | +54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,690 | €513,603 | +€273,913 | +114.3% |
| Other operating charges | 640/8 | €40,087 | €78,816 | +€38,729 | +96.6% |
| Non-recurring operating charges | 66A | €32,334 | €8,436 | -€23,898 | -73.9% |
| Gross operating margin | 9900 | €7,543,426 | €11,578,260 | +€4.0m | +53.5% |
| Operating profit (loss) | 9901 | €1,188,385 | €1,647,641 | +€459,256 | +38.6% |
| Financial income | 75/76B | €12,860 | €5,763 | -€7,097 | -55.2% |
| Recurring financial income | 75 | €12,860 | €5,763 | -€7,097 | -55.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €70,177 | €137,797 | +€67,620 | +96.4% |
| Recurring financial charges | 65 | €70,177 | €137,797 | +€67,620 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €1,131,068 | €1,515,607 | +€384,539 | +34.0% |
| Income taxes | 67/77 | €316,822 | €451,112 | +€134,289 | +42.4% |
| Profit (loss) for the period | 9904 | €814,245 | €1,064,495 | +€250,250 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €814,245 | €1,064,495 | +€250,250 | +30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.