TECHNICAL 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.
TECHNICAL SERVICE
Largest movements
- Cash +€66,124
up €66,124 (+87.6%), from €75,474 to €141,598
mainly Net result for the year (+€104,338) and Tax, wage and social debts (+€42,555)
- Tangible fixed assets +€35,179
up €35,179 (+25.4%), from €138,451 to €173,629
of which Plant, machinery and equipment: +€30,730
- Receivables within one year +€34,225
up €34,225 (+34.9%), from €98,101 to €132,327
of which Trade receivables: +€46,308
- Reserves +€92,090
up €92,090 (+68.1%), from €135,133 to €227,223
- Tax, wage and social debts +€42,555
up €42,555 (+136%), from €31,325 to €73,880
- Trade debts +€20,552
up €20,552 (+219%), from €9,378 to €29,931
- Debts after one year -€20,000
down €20,000 (-16.7%), from €120,000 to €100,000
- Gross operating margin +€95,646
up €95,646 (+138%), from €69,084 to €164,730
- Taxes +€27,529
up €27,529 (+161%), from €17,100 to €44,628
- Depreciation +€5,070
up €5,070 (+78.5%), from €6,459 to €11,529
- Financial charges -€4,901
down €4,901 (-95.5%), from €5,130 to €230
- Staff costs -€1,984
no longer reported in 2025 (was €1,984)
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 | €316,350 | €451,548 | +€135,198 | +42.7% |
| Fixed assets | 21/28 | €140,251 | €175,429 | +€35,179 | +25.1% |
| Tangible fixed assets | 22/27 | €138,451 | €173,629 | +€35,179 | +25.4% |
| Land and buildings | 22 | €120,270 | €120,270 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,988 | €34,719 | +€30,730 | +771% |
| Furniture and vehicles | 24 | €14,192 | €18,640 | +€4,448 | +31.3% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €176,100 | €276,119 | +€100,019 | +56.8% |
| Amounts receivable within one year | 40/41 | €98,101 | €132,327 | +€34,225 | +34.9% |
| Trade receivables | 40 | €80,814 | €127,123 | +€46,308 | +57.3% |
| Other amounts receivable | 41 | €17,287 | €5,204 | -€12,083 | -69.9% |
| Cash at bank and in hand | 54/58 | €75,474 | €141,598 | +€66,124 | +87.6% |
| Deferred charges and accrued income | 490/1 | €2,525 | €2,194 | -€330 | -13.1% |
| Total equity and liabilities | 10/49 | €316,350 | €451,548 | +€135,198 | +42.7% |
| Equity | 10/15 | €152,333 | €244,423 | +€92,090 | +60.5% |
| Contributions | 10/11 | €17,200 | €17,200 | = | 0.0% |
| Reserves | 13 | €135,133 | €227,223 | +€92,090 | +68.1% |
| Distributable reserves | 133 | €135,133 | €227,223 | +€92,090 | +68.1% |
| Amounts payable | 17/49 | €164,018 | €207,125 | +€43,107 | +26.3% |
| Amounts payable after more than one year | 17 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Financial debts | 170/4 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Amounts payable within one year | 42/48 | €40,703 | €103,810 | +€63,107 | +155% |
| Trade debts | 44 | €9,378 | €29,931 | +€20,552 | +219% |
| Suppliers | 440/4 | €9,378 | €29,931 | +€20,552 | +219% |
| Taxes, remuneration and social security | 45 | €31,325 | €73,880 | +€42,555 | +136% |
| Taxes | 450/3 | €31,325 | €73,880 | +€42,555 | +136% |
| Accrued charges and deferred income | 492/3 | €3,315 | €3,315 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,984 | - | -€1,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,459 | €11,529 | +€5,070 | +78.5% |
| Other operating charges | 640/8 | €2,869 | €4,517 | +€1,648 | +57.4% |
| Gross operating margin | 9900 | €69,084 | €164,730 | +€95,646 | +138% |
| Operating profit (loss) | 9901 | €57,772 | €148,684 | +€90,912 | +157% |
| Financial income | 75/76B | €871 | €512 | -€359 | -41.2% |
| Recurring financial income | 75 | €871 | €512 | -€359 | -41.2% |
| Financial charges | 65/66B | €5,130 | €230 | -€4,901 | -95.5% |
| Recurring financial charges | 65 | €5,130 | €230 | -€4,901 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €53,513 | €148,967 | +€95,454 | +178% |
| Income taxes | 67/77 | €17,100 | €44,628 | +€27,529 | +161% |
| Profit (loss) for the period | 9904 | €36,413 | €104,338 | +€67,925 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €36,413 | €104,338 | +€67,925 | +187% |
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 17 October 2026 via checked.be.