THEVISSEN SERVICES: 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.
THEVISSEN SERVICES
Largest movements
- Tangible fixed assets +€69,832
up €69,832 (+29.0%), from €240,524 to €310,356
of which Furniture and vehicles: +€94,936
- Receivables within one year -€45,933
down €45,933 (-50.4%), from €91,169 to €45,236
of which Trade receivables: -€37,553
- Cash -€20,250
down €20,250 (-38.0%), from €53,268 to €33,018
mainly Investment in fixed assets (net) (-€123,760) and Tax, wage and social debts (-€23,338)
- Debts after one year +€44,261
up €44,261 (+18.5%), from €238,907 to €283,169
- Tax, wage and social debts -€23,338
down €23,338 (-31.2%), from €74,819 to €51,481
of which Taxes: -€23,714
- Current portion of long-term debt +€22,172
up €22,172 (+140%), from €15,886 to €38,058
- Profit (loss) carried forward -€19,964
no longer reported in 2025 (was €19,964)
- Trade debts -€18,194
down €18,194 (-79.8%), from €22,800 to €4,606
- Gross operating margin -€27,169
down €27,169 (-6.8%), from €400,980 to €373,811
- Depreciation +€19,410
up €19,410 (+56.2%), from €34,518 to €53,928
- Staff costs -€13,665
down €13,665 (-4.2%), from €326,803 to €313,139
- Taxes -€12,926
down €12,926 (-85.6%), from €15,094 to €2,168
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 | €908,404 | €917,912 | +€9,508 | +1.0% |
| Fixed assets | 21/28 | €760,568 | €830,399 | +€69,832 | +9.2% |
| Tangible fixed assets | 22/27 | €240,524 | €310,356 | +€69,832 | +29.0% |
| Land and buildings | 22 | €237,385 | €212,280 | -€25,104 | -10.6% |
| Furniture and vehicles | 24 | €3,139 | €98,076 | +€94,936 | +3,024% |
| Financial fixed assets | 28 | €520,044 | €520,044 | = | 0.0% |
| Current assets | 29/58 | €147,836 | €87,512 | -€60,324 | -40.8% |
| Amounts receivable within one year | 40/41 | €91,169 | €45,236 | -€45,933 | -50.4% |
| Trade receivables | 40 | €82,780 | €45,227 | -€37,553 | -45.4% |
| Other amounts receivable | 41 | €8,389 | €8 | -€8,381 | -99.9% |
| Cash at bank and in hand | 54/58 | €53,268 | €33,018 | -€20,250 | -38.0% |
| Deferred charges and accrued income | 490/1 | €3,399 | €9,258 | +€5,859 | +172% |
| Total equity and liabilities | 10/49 | €908,404 | €917,912 | +€9,508 | +1.0% |
| Equity | 10/15 | €53,838 | €50,722 | -€3,116 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,274 | €32,122 | +€16,848 | +110% |
| Distributable reserves | 133 | €15,274 | €32,122 | +€16,848 | +110% |
| Profit (loss) carried forward | 14 | €19,964 | - | -€19,964 | |
| Amounts payable | 17/49 | €854,566 | €867,190 | +€12,624 | +1.5% |
| Amounts payable after more than one year | 17 | €238,907 | €283,169 | +€44,261 | +18.5% |
| Financial debts | 170/4 | €238,907 | €283,169 | +€44,261 | +18.5% |
| Amounts payable within one year | 42/48 | €607,109 | €582,556 | -€24,552 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €15,886 | €38,058 | +€22,172 | +140% |
| Trade debts | 44 | €22,800 | €4,606 | -€18,194 | -79.8% |
| Suppliers | 440/4 | €22,800 | €4,606 | -€18,194 | -79.8% |
| Taxes, remuneration and social security | 45 | €74,819 | €51,481 | -€23,338 | -31.2% |
| Taxes | 450/3 | €43,000 | €19,286 | -€23,714 | -55.1% |
| Remuneration and social security | 454/9 | €31,819 | €32,195 | +€376 | +1.2% |
| Other amounts payable | 47/48 | €493,603 | €488,411 | -€5,192 | -1.1% |
| Accrued charges and deferred income | 492/3 | €8,550 | €1,465 | -€7,085 | -82.9% |
| Remuneration, social security and pensions | 62 | €326,803 | €313,139 | -€13,665 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,518 | €53,928 | +€19,410 | +56.2% |
| Other operating charges | 640/8 | €2,175 | €5,541 | +€3,366 | +155% |
| Gross operating margin | 9900 | €400,980 | €373,811 | -€27,169 | -6.8% |
| Operating profit (loss) | 9901 | €37,483 | €1,204 | -€36,280 | -96.8% |
| Financial income | 75/76B | €0 | €2,655 | +€2,654 | +884,817% |
| Recurring financial income | 75 | €0 | €175 | +€175 | +58,370% |
| Non-recurring financial income | 76B | - | €2,479 | +€2,479 | |
| Financial charges | 65/66B | €2,426 | €4,806 | +€2,380 | +98.1% |
| Recurring financial charges | 65 | €2,426 | €4,806 | +€2,380 | +98.1% |
| Profit (loss) for the period before taxes | 9903 | €35,058 | -€948 | -€36,006 | |
| Income taxes | 67/77 | €15,094 | €2,168 | -€12,926 | -85.6% |
| Profit (loss) for the period | 9904 | €19,964 | -€3,116 | -€23,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,964 | -€3,116 | -€23,080 |
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 30 October 2026 via checked.be.