ASERVAIS: 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.
ASERVAIS
Largest movements
- Tangible fixed assets -€28,656
down €28,656 (-16.4%), from €174,651 to €145,995
of which Furniture and vehicles: -€20,143
- Receivables within one year +€25,258
up €25,258 (+31.6%), from €80,013 to €105,271
of which Trade receivables: +€23,891
- Cash +€10,992
up €10,992 (+14.9%), from €73,754 to €84,746
mainly Net result for the year (+€42,255) and Depreciation (+€32,769)
- Reserves +€42,000
up €42,000 (+50.4%), from €83,360 to €125,360
- Debts after one year -€21,350
down €21,350 (-24.8%), from €86,024 to €64,674
- Tax, wage and social debts -€13,513
down €13,513 (-43.3%), from €31,184 to €17,671
of which Taxes: -€10,478
- Other debts +€6,700
up €6,700 (+40.1%), from €16,688 to €23,388
- Accrued charges and deferred income -€5,943
no longer reported in 2025 (was €5,943)
- Staff costs -€53,533
down €53,533 (-47.6%), from €112,482 to €58,949
- Gross operating margin +€26,598
up €26,598 (+20.9%), from €126,960 to €153,558
- Taxes +€12,105
up €12,105 (+1345.0%), from €900 to €13,005
- Purchases and services -€10,769
down €10,769 (-4.0%), from €270,499 to €259,730
- Turnover +€7,812
up €7,812 (+2.0%), from €390,069 to €397,881
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 | €328,418 | €336,012 | +€7,594 | +2.3% |
| Fixed assets | 21/28 | €174,651 | €145,995 | -€28,656 | -16.4% |
| Tangible fixed assets | 22/27 | €174,651 | €145,995 | -€28,656 | -16.4% |
| Land and buildings | 22 | €111,200 | €107,600 | -€3,600 | -3.2% |
| Plant, machinery and equipment | 23 | €12,709 | €9,368 | -€3,341 | -26.3% |
| Furniture and vehicles | 24 | €30,711 | €10,568 | -€20,143 | -65.6% |
| Other tangible fixed assets | 26 | €20,031 | €18,459 | -€1,572 | -7.8% |
| Current assets | 29/58 | €153,767 | €190,017 | +€36,250 | +23.6% |
| Amounts receivable within one year | 40/41 | €80,013 | €105,271 | +€25,258 | +31.6% |
| Trade receivables | 40 | €77,096 | €100,987 | +€23,891 | +31.0% |
| Other amounts receivable | 41 | €2,917 | €4,284 | +€1,367 | +46.9% |
| Cash at bank and in hand | 54/58 | €73,754 | €84,746 | +€10,992 | +14.9% |
| Total equity and liabilities | 10/49 | €328,418 | €336,012 | +€7,594 | +2.3% |
| Equity | 10/15 | €158,456 | €200,711 | +€42,255 | +26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,360 | €125,360 | +€42,000 | +50.4% |
| Distributable reserves | 133 | €83,360 | €125,360 | +€42,000 | +50.4% |
| Profit (loss) carried forward | 14 | €56,496 | €56,751 | +€255 | +0.5% |
| Amounts payable | 17/49 | €169,962 | €135,301 | -€34,661 | -20.4% |
| Amounts payable after more than one year | 17 | €86,024 | €64,674 | -€21,350 | -24.8% |
| Financial debts | 170/4 | €86,024 | €64,674 | -€21,350 | -24.8% |
| Amounts payable within one year | 42/48 | €77,995 | €70,627 | -€7,368 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €20,650 | €21,335 | +€685 | +3.3% |
| Trade debts | 44 | €9,473 | €7,361 | -€2,112 | -22.3% |
| Suppliers | 440/4 | €9,473 | €7,361 | -€2,112 | -22.3% |
| Advances received on contracts in progress | 46 | - | €872 | +€872 | |
| Taxes, remuneration and social security | 45 | €31,184 | €17,671 | -€13,513 | -43.3% |
| Taxes | 450/3 | €24,472 | €13,994 | -€10,478 | -42.8% |
| Remuneration and social security | 454/9 | €6,712 | €3,677 | -€3,035 | -45.2% |
| Other amounts payable | 47/48 | €16,688 | €23,388 | +€6,700 | +40.1% |
| Accrued charges and deferred income | 492/3 | €5,943 | - | -€5,943 | |
| Turnover | 70 | €390,069 | €397,881 | +€7,812 | +2.0% |
| Non-recurring operating income | 76A | - | €7,692 | +€7,692 | |
| Goods, raw materials, services and sundry goods | 60/61 | €270,499 | €259,730 | -€10,769 | -4.0% |
| Remuneration, social security and pensions | 62 | €112,482 | €58,949 | -€53,533 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,621 | €32,769 | -€1,852 | -5.3% |
| Other operating charges | 640/8 | €7,653 | €2,699 | -€4,954 | -64.7% |
| Non-recurring operating charges | 66A | €3,555 | €2,092 | -€1,463 | -41.2% |
| Gross operating margin | 9900 | €126,960 | €153,558 | +€26,598 | +20.9% |
| Operating profit (loss) | 9901 | -€31,351 | €57,049 | +€88,400 | |
| Financial income | 75/76B | €1,155 | €749 | -€406 | -35.2% |
| Recurring financial income | 75 | €1,155 | €749 | -€406 | -35.2% |
| Financial charges | 65/66B | €3,704 | €2,538 | -€1,166 | -31.5% |
| Recurring financial charges | 65 | €3,704 | €2,538 | -€1,166 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,900 | €55,260 | +€89,160 | |
| Income taxes | 67/77 | €900 | €13,005 | +€12,105 | +1345.0% |
| Profit (loss) for the period | 9904 | -€34,800 | €42,255 | +€77,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,800 | €42,255 | +€77,055 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.