RAW 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.
RAW SERVICE
Largest movements
- Tangible fixed assets +€40,364
up €40,364 (+152%), from €26,485 to €66,849
of which Furniture and vehicles: +€23,826
- Stocks and contracts -€27,500
no longer reported in 2025 (was €27,500)
- Cash -€3,770
down €3,770 (-29.5%), from €12,792 to €9,021
mainly Investment in fixed assets (net) (-€54,615) and Other debts (-€1,802)
- Receivables within one year -€919
down €919 (-42.7%), from €2,154 to €1,235
of which Trade receivables: -€1,054
- Trade debts +€6,676
up €6,676 (+4,659%), from €143 to €6,819
- Profit (loss) carried forward +€3,808
up €3,808 (+48.3%), from -€7,892 to -€4,084
- Other debts -€1,802
down €1,802 (-3.1%), from €57,275 to €55,473
- Gross operating margin +€6,525
up €6,525 (+45.5%), from €14,349 to €20,875
- Depreciation +€5,133
up €5,133 (+56.3%), from €9,119 to €14,251
- Other operating charges +€1,709
up €1,709 (+226%), from €755 to €2,464
- Taxes +€324
new in 2025: €324
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 | €68,931 | €77,420 | +€8,489 | +12.3% |
| Fixed assets | 21/28 | €26,485 | €66,849 | +€40,364 | +152% |
| Tangible fixed assets | 22/27 | €26,485 | €66,849 | +€40,364 | +152% |
| Plant, machinery and equipment | 23 | €13,253 | €28,512 | +€15,259 | +115% |
| Furniture and vehicles | 24 | €13,232 | €37,058 | +€23,826 | +180% |
| Other tangible fixed assets | 26 | - | €1,280 | +€1,280 | |
| Current assets | 29/58 | €42,446 | €10,571 | -€31,875 | -75.1% |
| Stocks and contracts in progress | 3 | €27,500 | - | -€27,500 | |
| Stocks | 30/36 | €27,500 | - | -€27,500 | |
| Amounts receivable within one year | 40/41 | €2,154 | €1,235 | -€919 | -42.7% |
| Trade receivables | 40 | €2,154 | €1,100 | -€1,054 | -48.9% |
| Other amounts receivable | 41 | - | €135 | +€135 | |
| Cash at bank and in hand | 54/58 | €12,792 | €9,021 | -€3,770 | -29.5% |
| Deferred charges and accrued income | 490/1 | - | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €68,931 | €77,420 | +€8,489 | +12.3% |
| Equity | 10/15 | €10,700 | €14,508 | +€3,808 | +35.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,892 | -€4,084 | +€3,808 | +48.3% |
| Amounts payable | 17/49 | €58,231 | €62,912 | +€4,681 | +8.0% |
| Amounts payable within one year | 42/48 | €58,231 | €62,912 | +€4,681 | +8.0% |
| Trade debts | 44 | €143 | €6,819 | +€6,676 | +4,659% |
| Suppliers | 440/4 | €143 | €6,819 | +€6,676 | +4,659% |
| Taxes, remuneration and social security | 45 | €812 | €619 | -€193 | -23.8% |
| Taxes | 450/3 | €812 | €619 | -€193 | -23.8% |
| Other amounts payable | 47/48 | €57,275 | €55,473 | -€1,802 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,119 | €14,251 | +€5,133 | +56.3% |
| Other operating charges | 640/8 | €755 | €2,464 | +€1,709 | +226% |
| Gross operating margin | 9900 | €14,349 | €20,875 | +€6,525 | +45.5% |
| Operating profit (loss) | 9901 | €4,475 | €4,159 | -€317 | -7.1% |
| Financial income | 75/76B | €107 | €22 | -€86 | -79.8% |
| Recurring financial income | 75 | €107 | €22 | -€86 | -79.8% |
| Financial charges | 65/66B | €44 | €49 | +€5 | +10.3% |
| Recurring financial charges | 65 | €44 | €49 | +€5 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €4,539 | €4,132 | -€407 | -9.0% |
| Income taxes | 67/77 | - | €324 | +€324 | |
| Profit (loss) for the period | 9904 | €4,539 | €3,808 | -€730 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,539 | €3,808 | -€730 | -16.1% |
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 15 October 2026 via checked.be.