VS 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.
VS SERVICE
Largest movements
- Receivables within one year -€25,388
down €25,388 (-31.1%), from €81,579 to €56,190
of which Other amounts receivable: -€14,122
- Cash -€3,222
no longer reported in 2025 (was €3,222)
mainly Contributions, distributions and other (-€49,336) and Investment in fixed assets (net) (-€5,470)
- Tangible fixed assets +€2,140
up €2,140 (+34.7%), from €6,165 to €8,305
of which Furniture and vehicles: +€1,928
- Reserves -€39,482
down €39,482 (-53.7%), from €73,556 to €34,074
- Tax, wage and social debts +€8,067
up €8,067 (+55.4%), from €14,559 to €22,626
- Short-term financial debts +€4,970
new in 2025: €4,970
- Gross operating margin -€22,618
down €22,618 (-52.0%), from €43,466 to €20,848
- Taxes -€5,361
down €5,361 (-61.5%), from €8,721 to €3,360
- Depreciation +€2,101
up €2,101 (+171%), from €1,229 to €3,330
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 | €90,966 | €65,278 | -€25,689 | -28.2% |
| Fixed assets | 21/28 | €6,165 | €8,305 | +€2,140 | +34.7% |
| Tangible fixed assets | 22/27 | €6,165 | €8,305 | +€2,140 | +34.7% |
| Plant, machinery and equipment | 23 | €4,111 | €4,322 | +€211 | +5.1% |
| Furniture and vehicles | 24 | €2,055 | €3,983 | +€1,928 | +93.8% |
| Current assets | 29/58 | €84,801 | €56,973 | -€27,828 | -32.8% |
| Amounts receivable within one year | 40/41 | €81,579 | €56,190 | -€25,388 | -31.1% |
| Trade receivables | 40 | €11,750 | €484 | -€11,266 | -95.9% |
| Other amounts receivable | 41 | €69,829 | €55,706 | -€14,122 | -20.2% |
| Cash at bank and in hand | 54/58 | €3,222 | - | -€3,222 | |
| Deferred charges and accrued income | 490/1 | - | €782 | +€782 | |
| Total equity and liabilities | 10/49 | €90,966 | €65,278 | -€25,689 | -28.2% |
| Equity | 10/15 | €74,056 | €34,574 | -€39,482 | -53.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €73,556 | €34,074 | -€39,482 | -53.7% |
| Distributable reserves | 133 | €73,556 | €34,074 | -€39,482 | -53.7% |
| Amounts payable | 17/49 | €16,911 | €30,704 | +€13,793 | +81.6% |
| Amounts payable within one year | 42/48 | €16,911 | €30,704 | +€13,793 | +81.6% |
| Financial debts | 43 | - | €4,970 | +€4,970 | |
| Credit institutions | 430/8 | - | €4,970 | +€4,970 | |
| Trade debts | 44 | €2,352 | €3,108 | +€756 | +32.2% |
| Suppliers | 440/4 | €2,352 | €3,108 | +€756 | +32.2% |
| Taxes, remuneration and social security | 45 | €14,559 | €22,626 | +€8,067 | +55.4% |
| Taxes | 450/3 | €14,559 | €22,626 | +€8,067 | +55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,229 | €3,330 | +€2,101 | +171% |
| Other operating charges | 640/8 | €2,133 | €1,718 | -€415 | -19.5% |
| Gross operating margin | 9900 | €43,466 | €20,848 | -€22,618 | -52.0% |
| Operating profit (loss) | 9901 | €40,103 | €15,799 | -€24,304 | -60.6% |
| Financial income | 75/76B | €3,392 | €3,402 | +€10 | +0.3% |
| Recurring financial income | 75 | €3,392 | €3,402 | +€10 | +0.3% |
| Financial charges | 65/66B | €5,657 | €5,987 | +€330 | +5.8% |
| Recurring financial charges | 65 | €5,657 | €5,987 | +€330 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €37,838 | €13,214 | -€24,624 | -65.1% |
| Income taxes | 67/77 | €8,721 | €3,360 | -€5,361 | -61.5% |
| Profit (loss) for the period | 9904 | €29,117 | €9,854 | -€19,264 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,117 | €9,854 | -€19,264 | -66.2% |
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.