CERVIS: 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.
CERVIS
Largest movements
- Receivables within one year +€344,595
up €344,595 (+17.4%), from €2.0m to €2.3m
of which Other amounts receivable: +€542,886
- Trade debts +€288,921
up €288,921 (+33.7%), from €857,447 to €1.1m
- Tax, wage and social debts +€262,518
up €262,518 (+32.1%), from €818,814 to €1.1m
of which Remuneration and social security: +€210,254
- Profit (loss) carried forward -€218,212
down €218,212 (-64.4%), from €338,756 to €120,544
- Staff costs +€407,577
up €407,577 (+21.0%), from €1.9m to €2.3m
- Gross operating margin +€265,537
up €265,537 (+13.8%), from €1.9m to €2.2m
- Financial charges +€36,056
up €36,056 (+218.4%), from €16,513 to €52,568
- Financial income +€35,516
up €35,516 (+170.8%), from €20,791 to €56,307
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 | €2,029,781 | €2,377,694 | +€347,913 | +17.1% |
| Fixed assets | 21/28 | €29,326 | €29,943 | +€617 | +2.1% |
| Tangible fixed assets | 22/27 | €10,703 | €11,244 | +€541 | +5.1% |
| Plant, machinery and equipment | 23 | €360 | €280 | -€79 | -22.0% |
| Furniture and vehicles | 24 | €3,724 | €6,137 | +€2,413 | +64.8% |
| Other tangible fixed assets | 26 | €6,619 | €4,826 | -€1,793 | -27.1% |
| Financial fixed assets | 28 | €18,623 | €18,700 | +€76 | +0.4% |
| Current assets | 29/58 | €2,000,455 | €2,347,751 | +€347,296 | +17.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,975,291 | €2,319,886 | +€344,595 | +17.4% |
| Trade receivables | 40 | €361,942 | €163,652 | -€198,291 | -54.8% |
| Other amounts receivable | 41 | €1,613,348 | €2,156,234 | +€542,886 | +33.6% |
| Cash at bank and in hand | 54/58 | €15,567 | €16,225 | +€657 | +4.2% |
| Deferred charges and accrued income | 490/1 | €9,597 | €11,641 | +€2,044 | +21.3% |
| Total equity and liabilities | 10/49 | €2,029,781 | €2,377,694 | +€347,913 | +17.1% |
| Equity | 10/15 | €353,016 | €134,804 | -€218,212 | -61.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €338,756 | €120,544 | -€218,212 | -64.4% |
| Amounts payable | 17/49 | €1,676,765 | €2,242,890 | +€566,125 | +33.8% |
| Amounts payable within one year | 42/48 | €1,676,260 | €2,235,525 | +€559,265 | +33.4% |
| Trade debts | 44 | €857,447 | €1,146,368 | +€288,921 | +33.7% |
| Suppliers | 440/4 | €857,447 | €1,146,368 | +€288,921 | +33.7% |
| Taxes, remuneration and social security | 45 | €818,814 | €1,081,332 | +€262,518 | +32.1% |
| Taxes | 450/3 | €261,143 | €313,407 | +€52,265 | +20.0% |
| Remuneration and social security | 454/9 | €557,671 | €767,925 | +€210,254 | +37.7% |
| Other amounts payable | 47/48 | - | €7,825 | +€7,825 | |
| Accrued charges and deferred income | 492/3 | €505 | €7,365 | +€6,860 | +1359.1% |
| Remuneration, social security and pensions | 62 | €1,939,117 | €2,346,693 | +€407,577 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,685 | €4,694 | -€2,990 | -38.9% |
| Other operating charges | 640/8 | €49,165 | €56,656 | +€7,491 | +15.2% |
| Gross operating margin | 9900 | €1,920,556 | €2,186,094 | +€265,537 | +13.8% |
| Operating profit (loss) | 9901 | -€75,410 | -€221,950 | -€146,540 | -194.3% |
| Financial income | 75/76B | €20,791 | €56,307 | +€35,516 | +170.8% |
| Recurring financial income | 75 | €20,791 | €56,307 | +€35,516 | +170.8% |
| Financial charges | 65/66B | €16,513 | €52,568 | +€36,056 | +218.4% |
| Recurring financial charges | 65 | €16,513 | €52,568 | +€36,056 | +218.4% |
| Profit (loss) for the period before taxes | 9903 | -€71,132 | -€218,212 | -€147,080 | -206.8% |
| Income taxes | 67/77 | €7,825 | €0 | -€7,825 | -100.0% |
| Profit (loss) for the period | 9904 | -€78,957 | -€218,212 | -€139,255 | -176.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,957 | -€218,212 | -€139,255 | -176.4% |
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 5 October 2026 via checked.be.