TR - 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.
TR - SERVICE
Largest movements
- Receivables within one year -€332,400
down €332,400 (-67.3%), from €493,777 to €161,377
of which Trade receivables: -€187,456
- Cash +€305,201
up €305,201 (+32.4%), from €942,517 to €1.2m
mainly Other debts (+€431,666) and Receivables within one year (+€332,400)
- Other debts +€431,666
up €431,666 (+208,665%), from €207 to €431,873
- Profit (loss) carried forward -€307,280
no longer reported in 2025 (was €307,280)
- Tax, wage and social debts -€115,040
down €115,040 (-52.1%), from €220,975 to €105,935
of which Taxes: -€114,099
- Reserves -€59,092
down €59,092 (-4.4%), from €1.4m to €1.3m
of which Distributable reserves: -€59,092
- Gross operating margin -€226,769
down €226,769 (-33.1%), from €684,376 to €457,607
- Taxes -€75,273
down €75,273 (-45.0%), from €167,417 to €92,144
- Depreciation +€9,080
up €9,080 (+36.1%), from €25,158 to €34,238
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 | €1,941,260 | €1,924,159 | -€17,102 | -0.9% |
| Fixed assets | 21/28 | €190,892 | €203,855 | +€12,962 | +6.8% |
| Tangible fixed assets | 22/27 | €190,177 | €203,140 | +€12,962 | +6.8% |
| Land and buildings | 22 | €141,382 | €133,466 | -€7,916 | -5.6% |
| Plant, machinery and equipment | 23 | €478 | €170 | -€308 | -64.5% |
| Furniture and vehicles | 24 | €41,159 | €69,504 | +€28,345 | +68.9% |
| Other tangible fixed assets | 26 | €7,158 | - | -€7,158 | |
| Financial fixed assets | 28 | €715 | €715 | = | 0.0% |
| Current assets | 29/58 | €1,750,368 | €1,720,304 | -€30,064 | -1.7% |
| Amounts receivable within one year | 40/41 | €493,777 | €161,377 | -€332,400 | -67.3% |
| Trade receivables | 40 | €331,277 | €143,821 | -€187,456 | -56.6% |
| Other amounts receivable | 41 | €162,500 | €17,556 | -€144,944 | -89.2% |
| Current investments | 50/53 | €300,000 | €304,435 | +€4,435 | +1.5% |
| Cash at bank and in hand | 54/58 | €942,517 | €1,247,718 | +€305,201 | +32.4% |
| Deferred charges and accrued income | 490/1 | €14,074 | €6,774 | -€7,301 | -51.9% |
| Total equity and liabilities | 10/49 | €1,941,260 | €1,924,159 | -€17,102 | -0.9% |
| Equity | 10/15 | €1,680,800 | €1,314,428 | -€366,372 | -21.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | - | -€19,000 | |
| Issued capital | 100 | €19,000 | - | -€19,000 | |
| Reserves | 13 | €1,354,520 | €1,295,428 | -€59,092 | -4.4% |
| Non-distributable reserves | 130/1 | €60,130 | €60,130 | = | 0.0% |
| Legal reserve | 130 | €60,130 | - | -€60,130 | |
| Reserves not available under the articles | 1311 | - | €60,130 | +€60,130 | |
| Tax-exempt reserves | 132 | €390 | €390 | = | 0.0% |
| Distributable reserves | 133 | €1,294,000 | €1,234,908 | -€59,092 | -4.6% |
| Profit (loss) carried forward | 14 | €307,280 | - | -€307,280 | |
| Amounts payable | 17/49 | €260,461 | €609,731 | +€349,270 | +134% |
| Amounts payable within one year | 42/48 | €260,377 | €609,731 | +€349,354 | +134% |
| Current portion of amounts payable after more than one year | 42 | - | €16,824 | +€16,824 | |
| Trade debts | 44 | €39,195 | €55,099 | +€15,904 | +40.6% |
| Suppliers | 440/4 | €39,195 | €55,099 | +€15,904 | +40.6% |
| Taxes, remuneration and social security | 45 | €220,975 | €105,935 | -€115,040 | -52.1% |
| Taxes | 450/3 | €201,419 | €87,320 | -€114,099 | -56.6% |
| Remuneration and social security | 454/9 | €19,557 | €18,615 | -€942 | -4.8% |
| Other amounts payable | 47/48 | €207 | €431,873 | +€431,666 | +208,665% |
| Accrued charges and deferred income | 492/3 | €84 | - | -€84 | |
| Remuneration, social security and pensions | 62 | €119,937 | €118,777 | -€1,161 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,158 | €34,238 | +€9,080 | +36.1% |
| Other operating charges | 640/8 | €8,126 | €8,696 | +€570 | +7.0% |
| Gross operating margin | 9900 | €684,376 | €457,607 | -€226,769 | -33.1% |
| Operating profit (loss) | 9901 | €531,154 | €295,896 | -€235,258 | -44.3% |
| Financial income | 75/76B | €9,773 | €6,480 | -€3,293 | -33.7% |
| Recurring financial income | 75 | €9,773 | €6,480 | -€3,293 | -33.7% |
| Financial charges | 65/66B | €555 | €937 | +€382 | +68.8% |
| Recurring financial charges | 65 | €555 | €937 | +€382 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €540,371 | €301,438 | -€238,933 | -44.2% |
| Income taxes | 67/77 | €167,417 | €92,144 | -€75,273 | -45.0% |
| Profit (loss) for the period | 9904 | €372,954 | €209,294 | -€163,660 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €372,954 | €209,294 | -€163,660 | -43.9% |
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 23 October 2026 via checked.be.