2SERVE: what changed
Two fiscal 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.
2SERVE
Largest movements
- Cash +€186,486
up €186,486 (+379.8%), from €49,104 to €235,589
mainly Other debts (+€134,186) and Receivables within one year (+€128,464)
- Receivables within one year -€128,464
down €128,464 (-71.3%), from €180,107 to €51,642
of which Trade receivables: -€83,031
- Current investments +€16,673
up €16,673 (+4.2%), from €394,952 to €411,624
- Tangible fixed assets -€12,139
down €12,139 (-24.9%), from €48,811 to €36,672
of which Leasing and similar rights: -€11,405
- Other debts +€134,186
up €134,186 (+93.1%), from €144,121 to €278,306
- Reserves -€81,026
down €81,026 (-17.0%), from €477,391 to €396,365
of which Distributable reserves: -€81,026
- Trade debts +€21,396
up €21,396 (+104.5%), from €20,472 to €41,869
- Current portion of long-term debt -€9,728
no longer reported in 2025 (was €9,728)
- Staff costs -€73,694
no longer reported in 2025 (was €73,694)
- Gross operating margin -€73,136
down €73,136 (-47.1%), from €155,439 to €82,303
- Depreciation -€23,762
down €23,762 (-62.5%), from €38,044 to €14,281
- Taxes +€3,527
up €3,527 (+27.4%), from €12,886 to €16,413
- Financial income -€2,344
down €2,344 (-67.3%), from €3,482 to €1,138
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.
Cash bridge derived
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 | €672,973 | €738,605 | +€65,633 | +9.8% |
| Fixed assets | 21/28 | €48,811 | €36,672 | -€12,139 | -24.9% |
| Tangible fixed assets | 22/27 | €48,811 | €36,672 | -€12,139 | -24.9% |
| Land and buildings | 22 | €2,249 | - | -€2,249 | |
| Plant, machinery and equipment | 23 | €941 | €1,667 | +€726 | +77.1% |
| Furniture and vehicles | 24 | - | €789 | +€789 | |
| Leasing and similar rights | 25 | €45,621 | €34,216 | -€11,405 | -25.0% |
| Current assets | 29/58 | €624,162 | €701,934 | +€77,772 | +12.5% |
| Amounts receivable within one year | 40/41 | €180,107 | €51,642 | -€128,464 | -71.3% |
| Trade receivables | 40 | €114,374 | €31,343 | -€83,031 | -72.6% |
| Other amounts receivable | 41 | €65,733 | €20,299 | -€45,434 | -69.1% |
| Current investments | 50/53 | €394,952 | €411,624 | +€16,673 | +4.2% |
| Cash at bank and in hand | 54/58 | €49,104 | €235,589 | +€186,486 | +379.8% |
| Deferred charges and accrued income | 490/1 | - | €3,078 | +€3,078 | |
| Total equity and liabilities | 10/49 | €672,973 | €738,605 | +€65,633 | +9.8% |
| Equity | 10/15 | €495,991 | €414,965 | -€81,026 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €477,391 | €396,365 | -€81,026 | -17.0% |
| 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 | €475,531 | €394,505 | -€81,026 | -17.0% |
| Amounts payable | 17/49 | €176,982 | €323,640 | +€146,658 | +82.9% |
| Amounts payable within one year | 42/48 | €176,982 | €323,640 | +€146,658 | +82.9% |
| Current portion of amounts payable after more than one year | 42 | €9,728 | - | -€9,728 | |
| Financial debts | 43 | €21 | - | -€21 | |
| Credit institutions | 430/8 | €21 | - | -€21 | |
| Trade debts | 44 | €20,472 | €41,869 | +€21,396 | +104.5% |
| Suppliers | 440/4 | €20,472 | €41,869 | +€21,396 | +104.5% |
| Taxes, remuneration and social security | 45 | €2,640 | €3,465 | +€825 | +31.3% |
| Taxes | 450/3 | €2,640 | €3,465 | +€825 | +31.3% |
| Other amounts payable | 47/48 | €144,121 | €278,306 | +€134,186 | +93.1% |
| Remuneration, social security and pensions | 62 | €73,694 | - | -€73,694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,044 | €14,281 | -€23,762 | -62.5% |
| Other operating charges | 640/8 | €3,702 | €3,224 | -€478 | -12.9% |
| Gross operating margin | 9900 | €155,439 | €82,303 | -€73,136 | -47.1% |
| Operating profit (loss) | 9901 | €40,000 | €64,798 | +€24,798 | +62.0% |
| Financial income | 75/76B | €3,482 | €1,138 | -€2,344 | -67.3% |
| Recurring financial income | 75 | €3,482 | €1,138 | -€2,344 | -67.3% |
| Financial charges | 65/66B | €7,352 | €7,100 | -€252 | -3.4% |
| Recurring financial charges | 65 | €7,352 | €7,100 | -€252 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €36,131 | €58,836 | +€22,705 | +62.8% |
| Income taxes | 67/77 | €12,886 | €16,413 | +€3,527 | +27.4% |
| Profit (loss) for the period | 9904 | €23,245 | €42,423 | +€19,178 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,245 | €42,423 | +€19,178 | +82.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.