T-SERV: 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.
T-SERV
Largest movements
- Cash -€4,810
down €4,810 (-37.8%), from €12,724 to €7,914
mainly Net result for the year (-€4,945) and Receivables within one year (-€921)
- Reserves -€4,945
down €4,945 (-2.3%), from €214,143 to €209,198
of which Distributable reserves: -€4,945
- Gross operating margin -€4,641
down €4,641, from €57 to -€4,584
- Financial income +€882
up €882 (+97.9%), from €901 to €1,783
- Other operating charges -€848
down €848 (-87.6%), from €968 to €120
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 | €227,011 | €221,598 | -€5,413 | -2.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,431 | €1,471 | -€1,960 | -57.1% |
| Tangible fixed assets | 22/27 | €3,431 | €1,471 | -€1,960 | -57.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,431 | €1,471 | -€1,960 | -57.1% |
| Current assets | 29/58 | €223,580 | €220,127 | -€3,453 | -1.5% |
| Amounts receivable after more than one year | 29 | €184,500 | €184,500 | = | 0.0% |
| Other amounts receivable | 291 | €184,500 | €184,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,615 | €25,536 | +€921 | +3.7% |
| Other amounts receivable | 41 | €24,615 | €25,536 | +€921 | +3.7% |
| Cash at bank and in hand | 54/58 | €12,724 | €7,914 | -€4,810 | -37.8% |
| Deferred charges and accrued income | 490/1 | €1,741 | €2,176 | +€435 | +25.0% |
| Total equity and liabilities | 10/49 | €227,011 | €221,598 | -€5,413 | -2.4% |
| Equity | 10/15 | €226,543 | €221,598 | -€4,945 | -2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €214,143 | €209,198 | -€4,945 | -2.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €212,283 | €207,338 | -€4,945 | -2.3% |
| Amounts payable | 17/49 | €469 | - | -€469 | |
| Amounts payable within one year | 42/48 | €469 | - | -€469 | |
| Taxes, remuneration and social security | 45 | €469 | - | -€469 | |
| Taxes | 450/3 | €469 | - | -€469 | |
| Non-recurring operating income | 76A | €2,231 | - | -€2,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,960 | €1,960 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €120 | -€848 | -87.6% |
| Gross operating margin | 9900 | €57 | -€4,584 | -€4,641 | |
| Operating profit (loss) | 9901 | -€2,871 | -€6,664 | -€3,793 | -132% |
| Financial income | 75/76B | €901 | €1,783 | +€882 | +97.9% |
| Recurring financial income | 75 | €901 | €1,783 | +€882 | +97.9% |
| Financial charges | 65/66B | €64 | €64 | -€1 | -1.3% |
| Recurring financial charges | 65 | €64 | €64 | -€1 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,034 | -€4,945 | -€2,911 | -143% |
| Profit (loss) for the period | 9904 | -€2,034 | -€4,945 | -€2,911 | -143% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,034 | -€4,945 | -€2,911 | -143% |
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 13 October 2026 via checked.be.