KOEN SERVRANCKX: 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.
KOEN SERVRANCKX
Largest movements
- Receivables within one year +€60,363
up €60,363 (+310%), from €19,491 to €79,854
of which Trade receivables: +€60,363
- Tangible fixed assets -€21,037
down €21,037 (-8.6%), from €244,028 to €222,991
of which Furniture and vehicles: -€10,832
- Current investments -€11,103
down €11,103 (-6.7%), from €165,911 to €154,808
- Cash -€5,992
down €5,992 (-19.8%), from €30,199 to €24,207
mainly Receivables within one year (-€60,363) and Debts after one year (-€29,895)
- Reserves +€47,737
up €47,737 (+24.6%), from €193,830 to €241,567
of which Distributable reserves: +€47,737
- Debts after one year -€29,895
down €29,895 (-18.5%), from €161,832 to €131,936
- Gross operating margin +€30,446
up €30,446 (+52.7%), from €57,739 to €88,186
- Financial income +€9,594
up €9,594 (+2,635%), from €364 to €9,958
- Taxes +€9,571
up €9,571 (+124%), from €7,736 to €17,307
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,429 | €483,749 | +€22,320 | +4.8% |
| Fixed assets | 21/28 | €244,118 | €223,081 | -€21,037 | -8.6% |
| Tangible fixed assets | 22/27 | €244,028 | €222,991 | -€21,037 | -8.6% |
| Land and buildings | 22 | €199,931 | €190,449 | -€9,482 | -4.7% |
| Plant, machinery and equipment | 23 | €1,836 | €1,113 | -€722 | -39.4% |
| Furniture and vehicles | 24 | €42,261 | €31,429 | -€10,832 | -25.6% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €217,311 | €260,668 | +€43,357 | +20.0% |
| Amounts receivable within one year | 40/41 | €19,491 | €79,854 | +€60,363 | +310% |
| Trade receivables | 40 | €17,606 | €77,969 | +€60,363 | +343% |
| Other amounts receivable | 41 | €1,885 | €1,885 | = | 0.0% |
| Current investments | 50/53 | €165,911 | €154,808 | -€11,103 | -6.7% |
| Cash at bank and in hand | 54/58 | €30,199 | €24,207 | -€5,992 | -19.8% |
| Deferred charges and accrued income | 490/1 | €1,710 | €1,798 | +€88 | +5.2% |
| Total equity and liabilities | 10/49 | €461,429 | €483,749 | +€22,320 | +4.8% |
| Equity | 10/15 | €239,830 | €287,567 | +€47,737 | +19.9% |
| Contributions | 10/11 | €46,000 | €46,000 | = | 0.0% |
| Reserves | 13 | €193,830 | €241,567 | +€47,737 | +24.6% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €183,830 | €231,567 | +€47,737 | +26.0% |
| Amounts payable | 17/49 | €221,599 | €196,182 | -€25,417 | -11.5% |
| Amounts payable after more than one year | 17 | €161,832 | €131,936 | -€29,895 | -18.5% |
| Financial debts | 170/4 | €161,832 | €131,936 | -€29,895 | -18.5% |
| Amounts payable within one year | 42/48 | €58,042 | €60,940 | +€2,898 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €28,614 | €29,878 | +€1,264 | +4.4% |
| Trade debts | 44 | €1,356 | €2,261 | +€905 | +66.7% |
| Suppliers | 440/4 | €1,356 | €2,261 | +€905 | +66.7% |
| Taxes, remuneration and social security | 45 | €10,333 | €11,270 | +€937 | +9.1% |
| Taxes | 450/3 | €10,333 | €11,270 | +€937 | +9.1% |
| Other amounts payable | 47/48 | €17,738 | €17,531 | -€207 | -1.2% |
| Accrued charges and deferred income | 492/3 | €1,726 | €3,305 | +€1,579 | +91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,970 | €21,037 | +€67 | +0.3% |
| Other operating charges | 640/8 | €1,959 | €1,883 | -€76 | -3.9% |
| Gross operating margin | 9900 | €57,739 | €88,186 | +€30,446 | +52.7% |
| Operating profit (loss) | 9901 | €34,810 | €65,265 | +€30,455 | +87.5% |
| Financial income | 75/76B | €364 | €9,958 | +€9,594 | +2,635% |
| Recurring financial income | 75 | €364 | €9,958 | +€9,594 | +2,635% |
| Financial charges | 65/66B | €8,861 | €8,461 | -€400 | -4.5% |
| Recurring financial charges | 65 | €8,861 | €8,461 | -€400 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €26,313 | €66,763 | +€40,450 | +154% |
| Income taxes | 67/77 | €7,736 | €17,307 | +€9,571 | +124% |
| Profit (loss) for the period | 9904 | €18,577 | €49,455 | +€30,878 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €18,577 | €49,455 | +€30,878 | +166% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.